Word: consent
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...that the President knew nothing of the extra-legal deal. I don't know whether the White House is telling the truth about that; even if they are, it's no great comfort to learn that covert multi-million dollar arms deals are approved routinely, without the knowledge or consent of the Commander-in-Chief...
...time, American settlers developed a new sense of consent to government that involved not only the right to consent to acts of government but also to refuse to consent. From the exercise of this new theory of consent emerged a new system of rights based not on "order and status," but on agreement...
...Government they understood as a necessity, but as a product of human intentions...When Americans thought of rights or the consent of the governed, therefore, they had in mind the actualities of their own experience," the Handlins write...
...Even so, the bombshell sent the U.S. financial world reeling. In Washington, Securities and Exchange Commission Chairman John Shad announced that Manhattan-based Ivan Boesky, one of Wall Street's richest and most frenetically active individual speculators, had been snared in the biggest insider-trading case ever. In a consent decree Boesky, 49, had agreed to pay $100 million, which Shad described as "by far the largest" settlement obtained by the SEC for insider-trading activity. After a 16 1/2-month transition period in which Boesky will gradually dispose of his holdings, he will be barred for life from stock trading...
Under the SEC's consent judgment, Boesky agreed to relinquish $50 million in illegal profits and pay an equal amount in civil indemnities. That is an enormous total by SEC standards: in the twelve months that ended in September the agency had obtained fines and returns of illegal profits totaling only $41.9 million. But the penalties will not bring financial ruin to a man whose reputation on Wall Street was gained by staking tens of millions of dollars on a single stock-market plunge. His worth has been estimated at $200 million, and could easily be much more...