Niagara Gazette

Z_CNHI News Service

November 12, 2013

EDITORIALS: NFL players are people too; Get serious on financial crimes

(Continued)

We have elevated NFL players and coaches to a cult status. They’re bigger, stronger, faster and more powerful than the rest of us. They’re the people we wish we could be. They feel no pain, but only inflict it upon others. They’re warriors who we pay exorbitant sums of money to do battle every Sunday. And we love every minute of it.

But, as Martin, and the many players diagnosed with debilitating diseases following football careers have shown us – in very different ways – NFL players are mere mortals. They suffer very real injuries, both physical and emotional.

Maybe it’s time we stopped pretending that those behind the face mask and the NFL’s shield are invincible. Maybe it’s time we stop asking so much of them.

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Get serious on financial crimes

(The Mankato Free Press / Mankato, Minn.)

The U.S. Department of Justice has taken a serious and significant step to finally treat financial crimes in the same aggressive way it would treat drug cartels, environmental abusers and anti-trust cases.

The prosecution of SAC Capital Advisors by the U.S. Attorney in Manhattan recently brought about the first guilty plea by a large Wall Street firm in more than a decade. It’s a fact that probably stuns most Americans – that only one Wall Street firm has faced the music after nearly a decade of financial crimes that have devastated average investors, citizens and small businesses on Main Street.

The investigation and prosecution took nearly a decade and spanned Republican and Democratic administrations. SAC Capital pleaded guilty to five counts of insider trading in the original indictment and agreed to pay a fine of $1.2 billion. Eight of its former traders also have been charged with securities fraud.

Experts say the case may mark the beginning of a more aggressive approach to firms violating securities laws who once may have been considered “too big to jail.”

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