Jun 28, 2007

Rewriting American Law to Pro-corporations

Contiuning in its ruling the conservative majority Supreme court today overturned two lon-standing decisions made by older Supreme courts. In its current session Supreme court has ruled on four anti-trust cases where it has sided with defening party (corporations). So now as a result of these rulings its very difficult to sue a bank/investment bank for fraud when they sell IPO's, its far tougher for investors to sue corporate management for alleged fraud, its not illegal if corporations join together and set minimum prices for products (basically nobody can sell below those prices so "competition"). Its difficult to sue corporations for wage discrimination (you have to sue within 180 days after you receive the pay, no matter that you come to know of discrimination years later)

Further it opened a big loophole in campaign finance law by which interest groups can advertise on behalf of candidates even just before elections, schools cant increase diversity in schools (Seattle school case) by taking race as a factor.

Most decisions set aside previously given decisions by Supreme Court, overruling earlier rulings. Most of them are blantantly unfair and biased, you dont need to be a law student/lawyer to understand that in these decisions. These decisions were not a matter of technicality but clearly ideologically lead.

Media Reaction: Well as far as New York times goes it has reported on the cases but if you look carefully in opinion pieces very few (almost none) of the pro-corporate decisions have being given lot of coverage or criticism. they have criticised te campaign finance thing and some other but nothing in which investment banks were left free even if they commit fraud. Not surprising given the state of the media. Also Wall Street Journal obviously hasnt criticised pro-corporation decisions. I havent looked in detail to other mainstream media outlets but expect similar reaction.

This Supreme court on domestic issues can rewrite US laws and it has a long term (given most conservative judges are young and they server till they die usually).

http://www.nytimes.com/aponline/us/AP-Scotus-Schools-Race.html?hp
http://www.nytimes.com/aponline/business/AP-Scotus-Kays-Kloset.html?hp

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