Tuesday, March 13, 2007

Blackwell tries endless-loop theory on legal system

Plain Dealer Business: Former OSU prof loses appeal of insider trading conviction -- Roger Blackwell keeps squirming and trying to introduce the frustration of the endless-loop theory into the legal system, even as he is told to report to prison and ante up a $1 million dollar fine. The noted OSU prof and strategist is a bright guy, granted, but there may be such a thing as "too clever"; another way of stating this would be to say he's become the "poster child for hubris," but hasn't quite acknowledged it, yet. He still seems to think that the courts will abandon their claims against him if only he can wear them down and overwhelm them with his brilliance. He's still parsing the insider-trading issue to the point where he comes out right, and everybody else, even his own legal representation, is wrong. It's them, not him, you see.

Stay on top of the business strategies revolving around the idea of "the endless loop." It's one of those things that's unconscionable but not really illegal, yet. People tell me Blackwell, who seems to be a good example of amoral intellect, was one of its proponents. We should be seeing it discussed more and more as we delve into the depradations of the mortgage-lending, the mortgage-servicing, and the mortgage-foreclosure industries, as well as other things that disenfranchise the consumer to enrich the provider.

1 comment:

  1. Mr. Ferris has it right.

    Professor Blackwell is the poster child for hubris, as well as the very soul of amorality.