Re: Bloomberg news: Regulators Hired by Toyota Helped Halt Acceleration Probes

[David Farber <dave () farber net>]

Begin forwarded message:

From: Barry Ritholtz <ritholtz () optonline net>
Date: February 14, 2010 5:27:25 AM EST
To: dave () farber net
Subject: Re: [IP] Re: Bloomberg news: Regulators Hired by Toyota Helped Halt Acceleration Probes

Hey Dave,

I mentioned the Bloomberg article on Friday (How is Toyota Like Citigroup & Goldman Sachs?
http://www.ritholtz.com/blog/2010/02/how-is-toyota-like-banks-investment-houses/)

The great irony is that all o these companies went to Washington DC to get special favors -- got them -- 
and then proceeded to impale themselves upon the bounty their lobbying efforts produced.

It says something about how corrupted the political and regulatory process has become . . . 






Barry L. Ritholtz 
CEO, Director of Equity Research
Fusion IQ
535 Fifth Avenue, Suite 612 
New York, NY 10017
212-661-2022
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The Big Picture: Macro perspectives on the Capital Markets, Economy, and Geopolitics  
http://www.ritholtz.com/






On Feb 13, 2010, at 10:13 PM, Dave Farber wrote:

> > From: "Deborah Alexander" <dsalexan () optonline net>
> > To: <dave () farber net>
> > Date: February 13, 2010 09:21:46 PM EST
> > Subject: RE: [IP] Bloomberg news:  Regulators Hired by Toyota Helped Halt Acceleration Probes
> >
> > Dave - 
> > I am glad that Bloomberg finally picked up the revolving door issue. The
> > case is a damning example of egregious complicity by our federal safety
> > agency between 2004 and 2007.
> >
> > ABC's investigation came out last week so Bloomberg is behind the times; the
> > information on the revolving door finally came to light because of
> > depositions in a lawsuit from a truly horrific crash. Here are two from ABC
> >
> > http://abcnews.go.com/Blotter/RunawayToyotas/revolving-door-us-safety-agency
> > -toyota-representative/story?id=9747342&page=1
> >
> >
> > http://abcnews.go.com/Blotter/toyota-cover-runaway-car-concerns/story?id=900
> > 7163
> >
> > Until ABC exposed this, literally no mainstream media would give any time to
> > this. Here is a mid-January article from a safety group, debunking the floor
> > mat and gas pedal claims
> >
> > http://www.safetyresearch.net/2010/01/15/toyota-sudden-acceleration-in-rever
> > se/
> >
> > And this article was in a Kansas City paper on a whistleblower regarding the
> > issue - also weeks ago
> >
> > http://kansascity.injuryboard.com/automobile-accidents/toyota-sudden-acceler
> > ation-recall-anonymous-whistle-blower-ids-cracked-throttle-bodies.aspx?googl
> > eid=277318
> >
> > And of course there is the NY Times article on Steve Wozniak's Prius that
> > followed this article in AutoBlog
> >
> > http://www.autoblog.com/2010/02/02/woz-up-apple-co-founder-speaks-about-soft
> > ware-related-sudd/
> >
> > Here's the NY Times article
> > http://wheels.blogs.nytimes.com/2010/02/03/apple-co-founder-my-prius-has-a-p
> > roblem-too/
> >
> >
> > Deborah S. Alexander, Esq.
> > Alexander Law Offices LLC
> > 63 Mountain Boulevard, Suite 2
> > Watchung, NJ 07069
> > Phone: (908) 561-1044
> > Fax: (908) 561-1066
> > Email: dsaLaw () Alexander-Legal com
> > Web: www.Alexander-Legal.com
> >
> >
> > -----Original Message-----
> > From: David Farber [mailto:dave () farber net] 
> > Sent: Saturday, February 13, 2010 8:29 PM
> > To: ip
> > Subject: [IP] Bloomberg news: Regulators Hired by Toyota Helped Halt
> > Acceleration Probes
> >
> > Regulators Hired by Toyota Helped Halt Acceleration Probes 
> >
> > http://www.bloomberg.com/apps/news?pid=email_en&sid=aTfVxj4_pJh4










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