Hmmm... Thanks to Karl Denninger at the Marketticker.org
So What Makes You Think That Isn't True Here?
There is never only one cockroach....
BEIJING -- China has fined the British pharmaceuticals giant GlaxoSmithKline (GSK) $488.8 million (3 billion Yuan) for a "massive bribery network" to get doctors and hospitals to use its products. Five former employees were sentenced to two to four years in jail, but ordered deported instead of imprisoned, according to state news agency Xinhua today.
So let's see here -- we have a firm that got caught bribing hospitals, doctors and other institutions on a massive scale.
Wait a minute -- isn't there a law in the United States bearing on firms that engage in foreign bribery if their shares are listed here? I think there is!
Does that apply in this case? Good question -- and one that Eric (Place)Holder won't be answering, will he?
Just wonderin', you know.......
