Tuesday, November 18, 2008

Mark Cuban-Corrupt?

Like other blogs, I am not going to turn this into a "Mark Cuban Bashing Session". It seems that many out there are ready to convict him based upon an indictment for insider trading. At this point, nobody can say what happened. As a believer in the foundation our forefathers established, Cuban is innocent until proven guilty. His day in court will come.

The reason I refer to this situation is it, once again, shows the corruption that can occur among the powerful. Naturally, this is a different situation than my writings about politicians since Cuban operates in the private arena. He was not entrusted to represent the public in any position.

We see this a lot in private business. Recently, we had Martha Stewart and Ken Lay who were found guilty of manipulating the markets. This is a corrupt act which needs to be punished. If Cuban is guilty, I hope they punish him to the full extent of the law.

Sadly, we cannot punish our elected officials in the same way. Sure, we can get a Ted Stevens for taking what amounts to bribes. However, there are safeguards in place which immune our leaders from prosecution if they are acting in an official capacity. A CEO can be convicted for providing false information to the public shortly before the stock tanks yet the same is not true for Barney Frank. This occurred with Fannie Mae over the summer. Frank told everyone how sound this organization was. A couple of months later the government had to take them over. This piece of garbage ought to be in court to answer for his actions.

The powerful have always been corruptable. Our form of government provided the best defense against any one person assuming too much control. The three branches of government is designed to ensure "oversight" by each one. Yet, it fails when all three are corrupt. That is the situaiton we have now. It is time to take this in a new direction.

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