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Politics : American Presidential Politics and foreign affairs
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To: DuckTapeSunroof who wrote (41702)3/8/2010 1:30:45 PM
From: TimF  Read Replies (1) of 71588
 
Congress and it's lobbyists WANTED the laws to be written very 'loose' for what we call White Collar Crime.

They are often loose in the sense of being poorly defined. Then those with support in the enforcement bodies can get off when perhaps they shouldn't while some of those who lack such support might get nailed when they shouldn't or get nailed harder then they should; and others who never get charged with anything are subject to more arbitrary control or influence by government officials, and the fear of being prosecuted without even clearly violating the law.

If the regulator's action is to say "stop doing that", than there is some justification (but still problems) with allowing the regulator to make judgment calls. If the regulator's action is a prosecution that can result in heavy fines or prison terms, than the law needs to be clearly laid out ahead of time IMO.
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