Bonzer Wolf™ (bonzerwolf) wrote,
Bonzer Wolf™
bonzerwolf

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SEC vs Mark Cuban

Mr. Cuban called the government’s allegations false and indicated a belief that SEC staffers were out to get him. He will will vigorously fight to prove his innocence. IMHO this is just another example of the feds unfairly making an example of a high-profile citizen who has dared to publicly criticize the government. $750,000 is chump change to Mark Cuban and he has never made a secret of his sale of mamma.com stock when the company decided to go “private” and change direction. Mr. Cuban is a long time critic of both the federal government and the SEC.

BusinessAssociationsBlog.com has an excellent analysis on the SEC vs Mark Cuban case.  You can find it at  http://tinyurl.com/6n92bo

I think we will find the real crooks in this case at mamma.com. Mark Cuban apparently agrees and told me that in an email minutes ago. Read the above analysis and I think you will see that the case could go either way when it makes it way into the Court House. 

I am standing behind Cuban on this one. The SEC could have gone after much bigger cases then this one. But in typical grandstanding fashion, this is the way the feds have rolled under the current administration for the past eight years. ALL SHOW & NO GO will be the Bush II legacy.

I hope that this federal targeting will inspire Mr. Cuban to support the Libertarian Party with some of his billions. Government at all levels is too large, too expensive, woefully inefficient, arrogant, intrusive, and downright dangerous. Democratic and Republican politicians have created the status quo and do not intend to change it. www.lp.org


Tags: feds
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