Janus Capital Group, Inc. v. First Derivative Traders (click here)
Holding: Because the petitioner, a mutual fund investment adviser, did not make the false statements included in the mutual fund prospectuses of its clients, it cannot be held liable in a private action under SEC Rule 10b–5, which prohibits “mak[ing] any untrue statement of fact” in connection with the purchase or sale of securities, for its role in preparing those prospectuses.
Holding: Because the petitioner, a mutual fund investment adviser, did not make the false statements included in the mutual fund prospectuses of its clients, it cannot be held liable in a private action under SEC Rule 10b–5, which prohibits “mak[ing] any untrue statement of fact” in connection with the purchase or sale of securities, for its role in preparing those prospectuses.
Judgment: Reversed, 5-4, in an opinion by Justice Clarence Thomas on June 13, 2011. Justice Breyer filed a dissenting opinion, which Justices Ginsburg, Sotomayor, and Kagan joined.
"The Daily Kos" did an article about this. I mean does the USA Middle Class actually trust Wall Street anymore given the hostility of the current Conservative USA Supreme Court? Hell, I don't . I like Credit Unions and it isn't as though Bush didn't try to attack them during the Global Banking Collapse compliments of Paulson.
As we’re quickly learning (click title to entry - thank you) these days–in case you weren’t already aware of it after witnessing the ongoing evisceration of Dodd-Frank financial reform legislation and/or dealing with the aftermath of the corporatocracy’s new “insurance policy,” a/k/a the SCOTUS’ Citizens United v. Federal Election Commission decision–when everything’s said and done in Washington D.C., one way or the other, the status quo’s bought-and-paid-for minions on Capitol Hill and on the U.S. Supreme Court are taking Main Street to the cleaners.
But, perhaps even more outrageous (or at least as brutal, in terms of its immediate impact upon most Americans dealing with our country's mortgage/foreclosure fraud crisis) than either of these two events are the virtually immediate implications of a decision announced last week by the SCOTUS regarding Janus Capital Group, Inc. v. First Derivative Traders....
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BASICALLY, "What consumer confidence in the economy exactly is everyone looking for?"
To the right is a picture of gas pumps from the 'BUSH Gas Crisis."
Don't even try it. The corruption that lies in the current Robert's Court in regard to the impact on REAL AMERICANS is hideous and the country is expecting unemployment to come down? With fossil fuel energy costs being what they are? President Obama has bearly escavated the Alternative Energy Industry from the point of experimentation to application to the 'future economy' and Americans want immediate results?
Get for real.
Tell the House and Senate Republicasn to 'GROW UP' and pass a jobs bill that President Obama has asked for.
Oh, yeah. And make sure the Robert's Court knows its okay to allow the job bill to actually do the job it was intended to do.
But, perhaps even more outrageous (or at least as brutal, in terms of its immediate impact upon most Americans dealing with our country's mortgage/foreclosure fraud crisis) than either of these two events are the virtually immediate implications of a decision announced last week by the SCOTUS regarding Janus Capital Group, Inc. v. First Derivative Traders....
To the right is a picture of gas pumps from the 'BUSH Gas Crisis."
Don't even try it. The corruption that lies in the current Robert's Court in regard to the impact on REAL AMERICANS is hideous and the country is expecting unemployment to come down? With fossil fuel energy costs being what they are? President Obama has bearly escavated the Alternative Energy Industry from the point of experimentation to application to the 'future economy' and Americans want immediate results?
Get for real.
Tell the House and Senate Republicasn to 'GROW UP' and pass a jobs bill that President Obama has asked for.
Oh, yeah. And make sure the Robert's Court knows its okay to allow the job bill to actually do the job it was intended to do.
