We mean it this time
2 o'clock, May 19, 2003
From the “tough on crime, tough on the causes of crime” department, this tidbit:
[AP] The SEC and WorldCom reached a partial settlement in late November in which the company agreed to a permanent injunction barring it from future violations of securities laws.
Obviously I am not a lawyer — the 100-hour-a-week lifestyle of the junior attorney somehow is not to my taste — but still, I would have thought that WorldCom was already barred from violations of securities laws... by, er, securities laws.
And as an added, er, punishment, MCI also won the chance to build Iraq's mobile phone network.
O cruel government! They're just a poor multinational with billions in revenue. They don't stand a chance...