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Conrad Black and Hollinger

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posted on Aug, 25 2008 @ 10:01 PM
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"But I have watched our company's share price descend from $21 when I departed it, to 18¢, and the Canadian company, which I offered $7.60 per share for in 2005, plunge into bankruptcy and worthlessness."

I suspect the Hollinger shareholders who originally launched these actions against Conrad - "have some deep regrets".

As his wife Barbara always wrote in her MacLeans column(s), "These were issues that belonged in a Boardroom, not a Courtroom". And I agree.

The US has a bad habit of letting every economic cycle go to a wild and irrational extreme, where absolute corruption and greed creeps in. And when the tree eventually collapses - as it always does - the "Regulators" spend the next few years trying to persecute and throw into jail the most high profile people they can - for YEARS - for the most flimsy of reasons. They then stand up on the stage and say, "See!? Our system works!".

What a load of horse#. The US regulatory system across a broad spectrum of business is basically non-existent.

And therein lies the problem.






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