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Old 07-18-2009, 01:39 AM   #1
Ross
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Default Coercion - when illegal ?

A definition of coercion from the web ...
Quote:
Coercion

Coercion is the practice of compelling a person to behave in an involuntary way (whether through action or inaction)
by use of threats, intimidation or some other form of pressure or force.

US Law and Coercion .


I note that on the MISH website Paulson is being accused of illegal activity because
he used "coercion" to cause Bank America to swallow Merrill Lynch .


Under what circumstances is "coercion" illegal under US law .
It seems to me that various forms of "coercion" are used routinely in business although
the threat may not be specifically stated .
Precisely when does it become illegal and has Paulson clearly crossed the line ?

I can see that Paulson may have used threats to cause Lewis to act against the interests of Merrill shareholders .
Is that specifically a crime under US law and how serious ?
Can someone refer me to the specific criminal code concerned so I can do
the reading myself .

With thanks - Ross.

Refer ....... http://globaleconomicanalysis.blogspot.com/
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Old 07-18-2009, 02:02 AM   #2
leistb
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Quote:
Originally Posted by Ross View Post
A definition of coercion from the web ...



US Law and Coercion .

I note that on the MISH website Paulson is being accused of illegal activity because
he used "coercion" to cause Bank America to swallow Merrill Lynch .


Under what circumstances is "coercion" illegal under US law .
It seems to me that various forms of "coercion" are used routinely in business although
the threat may not be specifically stated .
Precisely when does it become illegal and has Paulson clearly crossed the line ?

I can see that Paulson may have used threats to cause Lewis to act against the interests of Merrill shareholders .
Is that specifically a crime under US law and how serious ?
Can someone refer me to the specific criminal code concerned so I can do
the reading myself .

With thanks - Ross.

Refer ....... http://globaleconomicanalysis.blogspot.com/
Here's what I've found relative to political coercion. It talks about coercing a government employee -not the other way around (I guess that's not illegal ).

18 USC 610 - Sec. 610. Coercion of political activity

18 USC - U.S. Code - Title 18: Crimes and Criminal Procedure (January 2004)

It shall be unlawful for any person to intimidate, threaten, command, or coerce, or attempt to intimidate, threaten, command, or coerce, any employee of the Federal Government as defined in section 7322(1) of title 5, United States Code, to engage in, or not to engage in, any political activity, including, but not limited to, voting or refusing to vote for any candidate or measure in any election, making or refusing to make any political contribution, or working or refusing to work on behalf of any candidate.

Any person who violates this section shall be fined under this title or imprisoned not more than three years, or both.


==================================

This has several embedded links, which might help you as well:

coercion


Definition

Improper use (or threat of improper use) of authority, economic power, physical force, or other such advantage, by a party to compel another to submit to the wishes of its wielder. Agreements entered into, or testaments signed, under coercion are considered illegal and invalid. See also duress and undue influence.


http://www.businessdictionary.com/de.../coercion.html



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Old 07-18-2009, 02:12 AM   #3
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Yeah, the Justice Department will go after Treasury any day now. If they do not, the Dems will open a congressional investigation of Obama's administration. This is a certainty, because as we know, the law applies equally to the government and the people.
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