Set forth below is the text of a comment that I recently posted to the discussion thread for another blog entry at this site:
There is no obligation for anyone to discuss what you want, when you want it and where you want. You have decided what is allowed on your board (to which you have banned thingsased on your criteria) and everyone else is free to do the same thing.
The obligation is to follow the laws of the country you live in, Anonymous. The United States has laws against financial fraud.
Bernie Madoff is in prison today because he violated those laws. He sent transaction statements to the investors in his fund reporting transactions that had never taken place. He could have said: “There is no obligation for me to report only transactions that actually took place, I can report whatever I think will bring in a buck and those who believe my false statements will just have to live with the consequences.’ His jury did not find those sorts of claims convincing. They looked at the laws against financial fraud, saw that his behavior fit the definition and elected to send him to prison. That’s how our system works.
Greaney said that he calculated the safe withdrawal rate. People handed in resignations from their high-paying jobs on a belief that he was reporting the number accurately. Of course he did no such thing. There is no valuation adjustment in his “study.” Those who have calculated the number accurately have obtained very, very different numbers. Greaney has shown by his behavior that he knows perfectly well that there is no valuation adjustment in his study. If he really thought that he had included a valuation adjustment, he would have pointed to it rather than advancing death threats. Greaney will be going to prison following the next price crash, when people see with their own eyes how many lives he has destroyed with his dishonesty and his abusiveness.
So will a good number of those who have posted in “defense” of him or who have permitted those who have posted in “defense” of him to post at their sites. Juries will have to look at the circumstances that apply in each case in which someone has posted in “defense” of him to determine whether a prison sentence is appropriate or not and how long it should be. My job is to expose the cover-up as quickly as possible so that there will be as few prison sentences as possible given the circumstances that apply today and so that the prison sentences that are put into effect are as short as they can possibly be given the circumstances that apply today.
I hope that helps a small bit.
My best and warmest wishes to you.