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  #1  
Old 11-24-2013, 10:43 PM
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Japanese executives to spend time in US prison

Apparently for fixing prices of seat-belts sold to Japanese auto makers' US plants. And we're actually spending tax money on incarcerating foreign nationals who didn't physically injure anyone in the US. This is profoundly retarded -- shame the Japanese authorities don't tell us to go copulate ourselves with a fire axe, and that if we want 'em, we can come get 'em ourselves...

U.S. takes action in two auto parts price-fixing cases | Reuters

If anything, we should be grateful to them for giving Ford and GM a tiny bit of a leg up, since this particular instance only applied to US subsidiaries of Japanese auto makers.

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Old 11-25-2013, 05:35 PM
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I think the seventy million dollar fine was enough to get the point across. I don't think we need to spend money to lock people up over this.
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Old 11-26-2013, 01:58 AM
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Old 11-26-2013, 09:27 AM
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Quote:
Originally Posted by spdrun View Post
Apparently for fixing prices of seat-belts sold to Japanese auto makers' US plants. And we're actually spending tax money on incarcerating foreign nationals who didn't physically injure anyone in the US. This is profoundly retarded -- shame the Japanese authorities don't tell us to go copulate ourselves with a fire axe, and that if we want 'em, we can come get 'em ourselves...

U.S. takes action in two auto parts price-fixing cases | Reuters

If anything, we should be grateful to them for giving Ford and GM a tiny bit of a leg up, since this particular instance only applied to US subsidiaries of Japanese auto makers.
I have no problem with this. 70 million? pocket change for a big company, calculate that in as the cost of doing business and continue illegal activities.

However, if actual jail time is possible for a previously untouchable executive, then thats a far better deterrent to prevent continued schemes like this.
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Old 11-26-2013, 12:47 PM
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Originally Posted by JB3 View Post
I have no problem with this. 70 million? pocket change for a big company, calculate that in as the cost of doing business and continue illegal activities.

However, if actual jail time is possible for a previously untouchable executive, then thats a far better deterrent to prevent continued schemes like this.
Funny that execs responsible for gouging prices of auto parts get jail time, yet the people responsible for corn and ethanol subsidies (aka gouging prices of healthy food) get no jail time.
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Old 11-26-2013, 02:37 PM
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In the early days of the Texas oil boom crimes were committed by oil company owners on a regular basis. It was like NASCAR; if you weren't cheating you weren't really in it to win.

Fines meant nothing, but jail time did. Today when you operated in Texas in a regulated business, such as oil, you must have a registered agent in the state who will do the jail time if your company engages in criminal acts.

For further details contact the Texas Railroad Commission.

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