HoosierLeaks: HoosierLeak Call

Tuesday, January 18, 2011

HoosierLeak Call

Corruption does not happen without a witness. Often the witness is the ignored person, the passed-over person, the in-law, or the unappreciated person. The tip comes from someone who doesn't drive the BMW, golf during the week, vacation in the winter, see sports on the 50 yard line, or buy a $50 bottle of wine.

Emmis Communications stock went from $0.90 on January 12th to $1.40 on January 13th, on high volume. Any emails, documents, overheard conversations out there?
Do Indiana municipal bonds tend to end up being purchased by the same ring of insiders? Any thoughts, names, emails, documents, clusters, places to look, or suspicious financial advisors?

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Why Hoosier Leaks?

We were inspired by the success of the Tea Party activists and whistleblower websites. We don't expect or want to have the full, blow-the-doors-off impact and notoriety of other "Leaks," but we think HoosierLeaks can be useful.

Having worked in Indiana for a long time in various capacities, we know that major political decisions are often made or shaped through connections to lobby groups and special interests. Not all are bad, of course, but we've heard about a lot of big decisions made based on questionable reasoning and public corruption. We've seen too many elected officials and appointed bureaucrats enter public office with modest net worth and yet emerge after only a few years and become worth millions of dollars.

We have observed that inflexible, often corrupt politicians, bureaucrats or systems, will not magically heal themselves in secret. They will only take action or change when publicity threatens to embarrass them, or when it reaches the point in which their colleagues, rivals and enemies might be able to use information about a corruption for their own political advantage.

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Tuesday, January 18, 2011

HoosierLeak Call

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Post a Comment