Saturday, May 16, 2009

Intimidation By Members of Congress

Intimidation By Members of Congress

What would you call it if members of Congress sitting on a committee regulating your industry told you to change your position, or face regulatory changes designed to cause your business trouble?



I'm not sure of the exact legal status of a threat like this (and what might be implied to qualify as a threat), but what distinguishes this from the extortion that the Mafia does, except that the Mafia's actions are a bit more direct? You will also notice that a number of the Democrats who played significant roles in creating the housing crisis signed this letter.

UPDATE: Here's Frey's very thoughtful response. I'm not sure that I understand some of his suggestions, much less agree with them, but it really does show the intellectual and classiness gap between Congresscritters-as-Mafioso and Mr. Frey.

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