Good. Proper. Proportionate.
Milken was 100% innocent of any real crimes, BTW. And yes, I know that Giuliani is the guy who sent him to prison (Not Rudy’s finest hour). It was a miscarriage of justice when the public and the feds clamorred for SOMEONE to take the rap after the 1978 ‘junk bond’ meltdown. So they picked a guy who created a new class of securities and blamed him. It was a 100% political case helped along by a ‘witch hunt’ hysteria and the fact that no one outside the financial industry even had an understanding of what the product WAS. The Wall Street Journal ran many stories and editorials at the time about the miscarriage of justice that this was.
Blago - proper to commute. He did the crimes, and the time. His sentence was excessive.
Kerik - Don’t know much about his case, so I’ll give POTUS the benefit of the doubt on this one (I am sure he personally knows Kerik, so I am pretty comfortable that he knew what he was doing).
THAT WAS JUST A WARM-UP. MORE ‘WITCH HUNT’ PARDONS ON ‘SUPER TUESDAY’, PLEASE, Mr. President!!!!
TYPO IN MY LAST POST. THE JUNK BOND ‘MELTDOWN’ WAS IN 1987.
Actually Michael Milken and his brother Lowell set up hundreds of limited partnerships to make it much more difficult to detect the profits they were making by front-running stocks and to make it much more difficult to be sued for damages.