Off Topic, on an old topic:
AIG's Greenberg is taking the 5th and refusing to testify in front of the SEC, invoking Martha Stewart.
This is exactly what I said would happen, that the prosecution and conviction of Martha Stewart was the worst outcome for law enforcement investigations (aka in this case a Spitzer fishing expedition). Martha was convicted for lying to investigators based on the notes those investigators took (not video, not a court reporter style record) when Martha voluntarily agreed to help them with their investigation of IMCL. Never convicted of any securities related crime, she became a convicted felon under these ridiculous circumstances.
"Mr. Jones, we're investigating a suspicious fire near your office; do you pay your property taxes on time?"
"Ms. Smith, a little girl was abducted 3 blocks over; have you ever bought, sold or used any controlled substance?"
Anyone who would cooperate with any law enforcement investigation (knowing they could charge you with being untruthful about ANY of your answers, even if they were not related to any crime) is a fool. Greenberg is no fool, to answer any questions would be tantamount to saying, here, let me provide you with plenty of rope to hang me with.
You choose whether it's worth the risk to help the "good guys" now.
Kb |
