Word: legalizes
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...Howard Elisofan, a partner at Herrick, Feinstein LLP and a former SEC enforcement attorney, launched a legal action against the SEC on behalf of a victim, Phyllis Molchatsky, last December. He has since filed eight similar complaints. "We're arguing that the SEC was negligent on multiple occasions for many reasons over multiple years, and had they detected the fraud a long time ago, thousands of people would not have been so gravely injured," he said...
...many legal experts see suits against the SEC as a steep uphill battle because government entities enjoy sovereign immunity. "To sue the government is a very tough proposition," says Dan Reinberg, a partner at Polsinelli Shughart PC. He adds that government entities have sovereign immunity for good reason. "The regulators are there to do a job that the public has asked them to do, and if they can be sued for negligence or mismanagement in their official function, then who's going to want to be a regulator?" he asks...
...Still, some legal eagles believe Congress could set a dangerous precedent if it approved a bailout package for Madoff victims...
...meanderings. This is a matter of national security that will directly affect the morale and behavior of our clandestine services. The President can't say he wants to look forward, not backward, then allow his Attorney General to look backward. The most egregious practices, like waterboarding, were (outrageously) declared legal by the Bush Justice Department. How can you prosecute one interrogator for threatening a prisoner with an electric drill and let others who waterboarded a prisoner 83 times off the hook? Is it right for the interrogators to be prosecuted and the real miscreants - people, like former Vice President Dick...
...candidate by March 13, 2010. But there are several steps to go through before then. After Uribe signs the referendum bill, the new law must be sanctioned by the Constitutional Court, which, though dominated by pro-Uribe magistrates, could take up to five months to get through numerous legal challenges, according to Rafael Pardo, a presidential candidate for the opposition Liberal Party. Valencia Cassio, the interior minister, predicts a decision by December. But even if the court gives its seal of approval, the National Registry would then need three more months to organize the referendum. (See pictures of Colombia...