THE CONSPIRACY THEORY C O N S P I R A C Y

[jose v]

Ask any judge, prosecutor, criminal defense attorney or novelist about conspiracies and you are likely to be told conspiracies are the stuff of human existence. But mention to a financial sector mogul or media icon any set of facts implying concerted activity for nefarious purpose and you will be eyed with scorn – ridiculed – categorized as unsophisticated “conspiracy wing-nut.”

Elite B-schools are said to hew Wall Street’s line: conspiracies cannot succeed and do not exist in the U. S. financial sector. If Wall Street’s line were true, then its big financial players should have no fear of judicial examination of their actions under terms of federal anti-trust laws.
Wall Street Exempt from Antitrust?

The premise that Congress gave free passes to J. P. Morgan and other investment bankers when “every contract, combination … or conspiracy in restraint of trade” was made a felony is preposterous on its face. Yet when Goldman Sachs, Morgan Stanley, Merrill Lynch, Lehman Bros., Bear Stearns and other giant prime brokers were sued three times in 2006 by hedge funds alleging an illegal conspiracy in violation of antitrust laws (fixing high fees for securities lending while failing to borrow or deliver shares sold short), what did the defendant prime brokers do? They moved to dismiss the complaints on grounds the financial sector is exempt from the antitrust laws.

Congress exempted labor unions and professional baseball from antitrust laws in express terms, and immunized charitable trusts. Yet, without an express exemption, a federal district judge in Manhattan ruled the prime brokers are exempt from antitrust laws and dismissed all three cases! Who knew?

Investigate the Antitrust Exemption

Full article at this link:
http://www.classicalcapital.com/Conspiracy_Theory.html

[JIM4HOPE]

WOW!!!