As Bill Frezza correctly identifies in the attached piece, the federal indictment of FedEx on drug trafficking charges is a shakedown pure and simple. For $1.6 billion.
Cough it up FedEx.
A company which employs thousands, which produces an excellent service, which is responsive to its customers is in the cross hairs of federal prosecutors because someone wants to look like a big shot.
As we’ve reported before, that Fred Smith, FedEx’s CEO is openly pro-free market, that pharma (which is tied in with Obama) doesn’t like lower priced drugs coming into the USA, and that FedEx isn’t a union shop might have something to with what’s going on too.
Frezza’s right. FedEx needs to fight this. For its own sake and for ours. Of course that’s easy for us to say.
“Nice business ya got there. Pity if sumpin’ were to happen to it.”
Using fear and intimidation to extort money from legitimate businesses is a tried-and-true mafia tactic. But what happens when the federal government gets into this racket, demanding billions in “settlements” from an ever-expanding array of companies by threatening them with a corporate death sentence if they don’t knuckle under? We’re going to find out. Because this time, maybe they chose the wrong victim.
Tired of closing down state-approved medical marijuana dispensaries and seizing the property of their landlords, U.S. Attorney for the Northern District of California Melinda Haag, an Obama appointee, is hunting for bigger game. Flush from shaking down Walmart, Johnson and Johnson, and UPS for tens of millions, she has indicted the FedEx Corporation on drug trafficking and “conspiracy to launder” money charges. The prize purse this time? $1.6 billion.