Saturday, April 12, 2008

Good News

There's a message barely spoken in the statement of a high-ranking Justice Dept. official associated with the Rep. William Jefferson bribery case and the decision by the US Supreme Court Friday not to hear an appeal by the DOJ of a denial by an appellate court of the Department's right to raid Jefferson's congressional offices.

The word is "potential," as in the DOJ feels the Supreme Court made it difficult or impossible to pursue other potential bribery and corruption cases that may have had an association with Jefferson, Africa, and - we suggest - Nigeria in particular.

In other words, ladies and gentleman, case closed. At least that's the way it looked, and it appears that's the way investors took it when they pushed the price of ERHE as much as 4 cents higher on Friday, and left it up $0.03 at the end of the day.

I want to write more about this, but tax day is upon us and I'm awfully short of time. I'll try to get back to it promptly, but for now, that's my read: The DOJ has found in the Jefferson case a way to rid themselves of the embarrassment of the ERHE situation.

Hoo boy!

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