The reason you might have heard about my Securities and Exchange Commission (SEC) lawsuit is because I didnt settle the case.
When most people are sued by the SEC, they do their best to put the matter behind them as quickly and quietly as possible.
This normally involves paying a large fine and essentially promising not to do it again. If you pay the fine, the chances are good most people will ignore the matter. Youre not required to admit any guilt. Thus, the damage to your reputation is largely mitigated and you can go on with your life. Thats why most people settle with the SEC when it comes to civil (noncriminal) lawsuits.
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The Corruption of America
The numbers tell us America is in decline… if not outright collapse.
I say “the numbers tell us” because I’ve become very sensitive to the impact this kind of statement has on people. When I warned about the impending bankruptcy of General Motors in 2006 and 2007, readers actually blamed me for the company’s problems — as if my warnings to the public were the real problem, rather than GM’s $400 billion in debt.
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