The Presumption of Guilt When Regulators Send Out Press Releases

The Presumption of Guilt When Regulators Send Out Press Releases

There is a saying in Washington, “you are innocent until you are investigated,” which basically means there is an automatic presumption of guilt, and a media bias against you if your company, or anyone associated with you is being investigated. Now some would say that the government wouldn’t bother investigating anyone if there wasn’t some hanky-panky going on, and they might cite that old quote; “where there is smoke, there’s fire.”

Whereas I see that point, and I am perfectly inclined to place probability bets with Occam’s razor, unfortunately I know too much about the primate politics of power. Okay so let’s talk shall we?

The reality is that if you want your competitor investigated, or someone who is running against you for a particular political office, you can always call in favors from other politicians, the very politicians that hold the purse strings over these agencies who can make a few phone calls of their own to get a regulatory agency to open up an investigation. Once they open up the investigation, it’s like a witch hunt, and even if they don’t find what they’re looking for, they may find something else.

You might say; “well then, they were doing something wrong,” but that’s not the point, that’s not how justice is supposed to work in the United States. Further, it’s far too easy to forget to fill out a form, or to put in the wrong information because you didn’t understand the form. It’s easy to get bad advice from an attorney, a tax accountant, a consultant, or an advisor. Many of the laws and regulations we have are so complex and complicated that it’s almost impossible to follow each one of them as per the letter of the law, not to mention all the follow-up case law which is constantly evolving.

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There was an interesting piece in our local six-minute read daily newspaper; The Desert Sun on September 3, 2012 titled; “Bain Among Firms Being Investigated,” which stated that; New York’s attorney general is investigating tax strategies of some of the nation’s largest private equity firms, including Bain Capital, founded by Republican presidential candidate Mitt Romney. Interestingly enough, the issue supposedly at odds with regulators is so common place, it’s hard to say what they are really up to, but I think we all know don’t we?

Okay so, the New York’s Attorney General just happens to be investigating the company which was founded by someone running for president, how convenient? It’s politics as usual, and this sort of nonsense has to stop because if we don’t stop this, we will have nothing more than crony capitalism run by socialists who will protect their own at any cost. That is pure corruption, that is disgusting, and that is not what we are supposed to stand for in this great nation of ours. I’m pissed about this and – this needs to stop. Please consider all this and think on it.