“I have recently been made aware of a market practice known as ‘short selling’ and am amazed that it is legal,” Oklahoma Attorney General Drew Edmondson wrote the Securities and Exchange Commission last year. That’s one of many tidbits to be found in a column by the L.A. Times’s Mike Hiltzik about politicians’ ties to Oklahoma-based Pre-Paid Legal Services, a multilevel marketing (MLM) enterprise that has been the subject of a fair bit of controversy and litigation over the years (Mike Hiltzik, “Lockyer Not Above a Little Legal Aid”, Los Angeles Times, Dec. 18). Oklahoma AG Edmondson’s bio lists him as having been born on “October 12, 1946” rather than, as one might assume, “yesterday”.
Oklahoma AG: I wasn’t familiar with short-selling
“I have recently been made aware of a market practice known as ‘short selling’ and am amazed that it is legal,” Oklahoma Attorney General Drew Edmondson wrote the Securities and Exchange Commission last year. That’s one of many tidbits to be found in a column by the L.A. Times’s Mike Hiltzik about politicians’ ties to […]
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The Limits of the Oklahoma AG’s Knowledge
Walter Olson caught an astonishing admission by the Oklahoma AG who is prosecuting the WorldCom cases:”I have recently been made aware of a market practice known as ‘short selling’ and am amazed that it is legal,” Oklahoma Attorney General Drew
Okla. lawmakers seek to rein in AG
In a vote split 7-6 along party lines, with Republicans in favor, the Judiciary Committee of the Oklahoma House of Representatives has given its approval to a measure that would strip Democratic Attorney General Drew Edmondson of the power to…
[…] The problem is that refuses to learn from it. Drew Edmundson (D), Oklahoma’s Attorney General who seeks to become Governor in the 2010 election, disagrees with the Tenth Circuit Court of Appeals that circulating petitions for a ballot initiative limiting government spending is “core political speech,” protected for “outside agitators” (or whatever he calls them) as well as Oklahoma residents. Edmundson has announced that his quest to imprison Citizens In Charge head Paul Jacob and two others for hiring non-resident signature gatherers will end in the Supreme Court. That one’s rights to free speech and to petition government for redress of grievances don’t end at a state line is elementary constitutional law, the sort of thing 2Ls should know. But then there are many things that Oklahoma’s aspiring Governor seems not to know. […]