Apparently, Buell hasn’t read any of the securitization “seamless automation” computer software patents – at least not in depth or he’d be more likely to see the deception.
Many who follow the depredations of large corporations share a feeling that U.S. criminal law and its enforcers too often fail to hold these institutions accountable. Writers ranging from U.S. District Judge Jed Rakoff in New York to muckraking journalist Matt Taibbi have complained of the paucity of convictions for financial crime.
Now comes Samuel Buell, a law professor at Duke University, whose new book, Capital Offenses: Business Crime and Punishment in America’s Corporate Age, explains why the white-collar criminal justice system comes up short. Despite being thin on proposed reforms, this new offering deserves attention from anyone concerned with the topic.
The author brings two excellent credentials to his task: a breezy writing style and deep prosecutorial experience. He led the U.S. Justice Department’s Enron Corp. Task Force and earlier worked on the prosecution of notorious Boston gangster James “Whitey” Bulger. When it comes to errant corporations, Buell writes, the government runs into a structural problem: As a…
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