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Martin Shkreli indictment [pdf]

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Re: Martin Shkreli indictment [pdf]

#111

Earlier quoted context omitted.

OT but i'm happy to see someone else was also disgusted so much by that movie. I'm not a moralist but the glorification of such degenerated values in that movie was horrible to watch.

The glorification in the movie was there to make this exact point. Be disgusted that people took it as some sort of how-to be successful guide. Don't shoot the messenger.

That's the meaning I actually took from the movie, but I'm still not sure that was the purpose of the authors. A lot of people didn't understand it that way anyway.

Edit: tried to take, because it's still hard to assimilate

Re: Martin Shkreli indictment [pdf]

#112
I know everybody is happy to see Martin in Jail. (I'm indifferent)

It makes you feel good, you feel justice has been served.

But let me give a harsh dose of reality, if he is going to court/jail, shouldn't most of the Wall St. bankers be in jail.

Including every bodies favorite banker John Corzine. http://www.newsweek.com/stalking-jon-corzine-317733

So before you feel good about feeling good, let's not forget that many bankers walk free in society and this is more of click bait story, just saying.

Re: Martin Shkreli indictment [pdf]

#113
post #43

My first reaction to his arrest was joy and then I saw comments about him getting "beat up in jail" to put it lightly. People who say those kinds of things are no better than him. Possibly worse. The solution to dealing with people like him is to be able to separate them from society or fix the system so it can no longer be exploited so "easily". He may have hurt a lot of people but it's been through proxy as far as…

Anyone who doesn't periodically reflect on the consequences of their actions is a bad person. Especially in a world in which our actions are increasingly being done "through proxy".

Re: Martin Shkreli indictment [pdf]

#114
He was too loud about it and it was good to see how messed up the pricing game is in pharma from it. It brought tons of attention to it.

They want to sweep him under the rug and make everyone believe this is fixing something. This arrest is akin to Martha Stewart getting one of the few indictments from insider trading after events like Enron went down.

It is a show, it is a game, he played it too loudly. He became the public fall guy show piece in my opinion. Going after him for a multi-year SEC investigation right when he made another big price change? Too much attention was brought to drug pricing and controls, and they had something on him.

Re: Martin Shkreli indictment [pdf]

#115

Interesting that the crime which was "serious" enough to motivate law enforcement was theft of capital, NOT drug price gouging. It had nothing to do with Daraprim. Of course, Mr. Shkreli's recent popularity in the headlines may have greased the wheels of this investigation a bit. Update : As has been pointed out, this comes as no surprise since this kind of price gouging is perfectly legal.

Price gouging might be bad but the alternative is worse. If you allow the market to set the price of a limited resource, that resource will be allocated to those who truly need it. If you set the price so that "everyone" can afford the resource, you create a shortage and those who truly need the resource might or might not get it depending on how lucky/early they got in line.

Re: Martin Shkreli indictment [pdf]

#116
post #77

I watched his stream on Twitch about a month ago and he came across as a nice guy. Viewers were asking him for career path, post-secondary education, and bio-tech advice. He was responding to questions politely and seemed to be pretty chill. From what the media reports on him and what I saw on Twitch, seems as though he may have a bit of a Jekyll-Hyde type personality.

Here are all his live streams. Half of them seem to be investing lessons.

All videos: https://www.youtube.com/channel/UC8gjB1PSXv_oAUSAQ16S0fA/vid...

Example investing lesson: https://www.youtube.com/watch?v=xeKinQ7t-xU&t=58m29s

Edit: Not sure if these include videos/recordings from Twitch.

Re: Martin Shkreli indictment [pdf]

#117

I'm very conflicted: 1) "Innocent until proven guilty" and "wow, that timing sure is convenient". 2) LOL. grabs a bucket of popcorn

If you really are concerned about the due process implications, it's worth reading Ken White of Popehat questioning how and why the time/place of the arrest and "perp walk" was leaded to the press.

From Ken: If Reuters was there through independent investigation, then good for them. But if Reuters was there because of a tip from law enforcement, then I'd like to ask a couple of questions....

Who leaked the time and place of the arrest? Was it an FBI agent, a prosecutor, staff, a coordinating local cop? How high up in the government did the decision to leak the arrest go? Did the leak violate the law? Did it violate the defendant's rights? What was the government's purpose in leaking the time and place of the arrest? How does this instance fit into the pattern of which arrests get leaked and which don't? Which nonviolent defendants without records get arrested, and which get summonsed in (or self-surrender through arrangement with their lawyers), and why? What impact does a font-page picture of a defendant in handcuffs have on the jury pool? Is that impact a feature, or a bug, of leaking it? Was the leak intended to inflict extra-judicial humiliation and punishment on the defendant? If the government lies about whether or not it leaked, would you still keep it secret?

https://popehat.com/2015/12/17/an-open-letter-to-reuters-rep...

Re: Martin Shkreli indictment [pdf]

#119
post #63

Earlier quoted context omitted.

I hope for Wu-Tang's sake that they cashed the check already.

I hope they get the album back and re-sell it to an honest buyer, instead of keeping stolen money.

As part of the contract they have the right to steal it back at any time, so they very well could get the album back.
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