NYSE only busted trades in 6 of the 140 securities Knight effected. And those 6 were only busted because they traded 30%+ off of the market open price. Which is well within NYSE's normal tolerances for approving busts. (Now if busts should be allowed at all is another debate.)
Knight had to pay for all the rest, and it nearly closed the doors. The government didn't rescue Knight, the street did. The industry pooled a bunch of money and bought a huge chunk of Knight in exchange for that money. That purchase obliterated existing share holders. Sounds like everything worked fine to me.
Knight made a mistake, and they paid for it. What more do you want?
We agree that if you compare two corporations they should be treated equally.
But Citizens United also said that these corporations should be compared to people. And that's what's pissing everyone off.
Neither NYT or CU should have a voice.
Before Citizens United they were prevented from having, in addition to their individual voice, an additional "super voice" controlled by the owner(s) of the corporation they bought into.
That "super voice" should never be put on the same level as a single individual. For how can a single person compete with an aggregate of thousands?
Now we have to put up with all this PAC crap as a result.
so let me ask, you think a guy you kills a man because that man raped and murdered his son, and a guy who kills his wife because she didn't do the laundry should get the same sentence?
Yes, actually, i do. A murder was committed in both cases. The motivation is irrelevant.
If two people rob a bank and one uses the money to feed his starving family and the other uses it to buy a new car should i punish the guy that bought the new car more than the other?
"Common sense" is not a constant. It means different things to each individual. It's this flexibility that has lead to such gross class imbalances in the law. It's the reason rocks star lawyers get their clients off on probation while your average public defender ends up with clients serving jail time for the exact same crimes.
You want to make things simpler? Remove such flexibility.