Wednesday
Jan182012
60 Minutes - Prosecuting Wall Street Fraud At Citigroup And Countrywide - DOJ On The Defensive
Video - Part 1 - Dec. 4, 2011
Outstanding segment from last month for anyone who missed it. This first portion focuses on fraud at Countrywide. This is very good television.
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60 Minutes Video - Prosecuting Wall Street - Part 2
Vikram Pandit comes under fire. Don't skip this second part.
Jan 18, 2012 at 6:54 PM
Reader Comments (46)
Lying makes you sweat, and he's sweating big time.
http://georgesblogforum.wordpress.com/2011/11/02/the-daily-climb-2/
ABC4 Reporter: So why hasn't a single person in the sheriff's office raised so much as a finger to prosecute these law-breaking, uh, hooligans?
Sheriff's Lawyer: Well, there's that pesky criminal intent element, which must be proved beyond a reasonable doubt. It's VERY difficult, but trust Jesus we're doing everything we can.
Try pulling that with anything but a financial crime--which seem to render otherwise intelligent people retarded--and let me know how that turns out.
He took that shit seriously, remedies, and so did we all. The man was hell-bent on matching punishments with crimes.
I took advantage of the rest of the class by parlaying my librarian's assistant position, which paid $330 every other week ($5.50/hr. capped at 30 hrs/week), into knowledge no one else had access to. This is 1993, really before widespread internet.
That was my only AmJur award (highest grade in the class; mine had 30.) It's a funny thing running into guys like Robert Byrd.
I can only pray that Rob Zombie doesn't catch wind of MF Global. House of 1000 Corpses scared the shit out of me. But it's childsplay compared to what goes on in D.C. every day.
See, what people don't get is this: Zombie is simply a very skilled illustrator.
Breaking News - US set to use army to put down protests
http://www.youtube.com/watch?v=fBlM28fpzHM&feature=youtu.be
http://youtu.be/fBlM28fpzHM
Here is one I like. But where are the rest of them? Will they help her?? I doubt it.
R.I. Senator Moura Complaint To The Department of Treasury RE: Wells Fargo (Foreclosure Fraud)
http://www.foreclosurehamlet.org/profiles/blogs/r-i-senator-moura-complaint-to-the-department-of-treasury-re-well?xg_source=activity
Historically when Aboriginal Americans, Religious groups, striking miners, industrial workers, world war one veterans, antiwar protesters, students, and and any other groups of people have objected to and refused the demands of the controlling elite in the United States, The thin veneer of Democracy vanishes along with the Constitution and the Bill of Rights. Replaced early on with Smallpox infected blankets, guns, fire and starvation. Today it's Pepper Spray, Tear Gas, 50,000 volt Tasers, Rubber Bullets, Handcuffs and occasionally guns.
Imprisoning, assaulting, or killing, people who object to their policies has been an elite tradition in this country for a long time.
Obama (smokin' a Kool) to E.Holder: "just march Lanny out there and tell him not to sweat too much. people will forget in a week, especially if the casino goes up 100 points..."
http://www.foreclosurehamlet.org/profiles/blogs/r-i-senator-moura-complaint-to-the-department-of-treasury-re-well?xg_source=activity
A lot more happpened than the people know about. April 1st, 2013 will be interesting...
Anyhow, if you haven't read this, you should. It gives full gory details on the Occupy LA arrests and how people were abused by the police. (It also has some nice things to say about Chuck Prince.) On an outrage scale of 1 to 10, I rate this one at 42 aneurysms.
http://myoccupylaarrest.blogspot.com/?mid=5490
http://www.occupyboston.org/2011/12/08/list-live-feeds/?utm_source=twitterfeed&utm_medium=twitter
This link also includes multiple live feeds for this evening.
That was a good read. Stuff like this is happening coast-to-coast today. I saw on a news chanel that the goverment is ready to send in the Army to take down the protesters in just a few weeks..........Thats Not Good ?
http://market-ticker.org/akcs-www?post=198790
Please note of the London Connection.
This is from Zero Hedge a couple of days ago.... again note the London connection.
http://www.zerohedge.com/news/why-uk-trail-mf-global-collapse-may-have-apocalyptic-consequences-eurozone-canadian-banks-jeffe
excerpt:
As readers will recall, the actual office that blew up the world the first time around, was not even based in the US. It was a small office located on the top floor of 1 Curzon Street in London’s Mayfair district, run by one Joe Cassano: the head of AIG Financial Products. The reason why this office of US-based AIG was in London, is so that Cassano could sell CDS as far away from the eye of Federal regulators as possible.
flashback re: Joe Cassano.
Case Said to Conclude Against Head of A.I.G. Unit
http://www.nytimes.com/2010/05/23/business/23aig.html?
I will try and find the piece. It came in the mail last week, i thought i saved it but cant find where i put it........"Lyme Brain" !
Detainment Camps Going Live: FEMA Seeking Subcontractors to Provide “Temporary Camp Services” In All 50 States
http://www.westernjournalism.com/detainment-camps-going-live-fema-seeking-subcontractors-to-provide-%e2%80%9ctemporary-camp-services%e2%80%9d-in-all-50-states/?utm_source=Western+Journalism&utm_campaign=ad6b2486fa-RSS_EMAIL_CAMPAIGN&utm_medium=email
This is where the protesters will be going.......!
Congress: Soldiers Now Free To Engage In Sodomy
http://www.westernjournalism.com/congress-soldiers-now-free-to-engage-in-sodomy/?utm_source=Western+Journalism&utm_campaign=ad6b2486fa-RSS_EMAIL_CAMPAIGN&utm_medium=email
Occupy's 'nerve center' staffed by Soros activists
Professional radicals caught red-handed running so-called 'leaderless' movement
Read more: Occupy's 'nerve center' staffed by Soros activists http://www.wnd.com/?pageId=375565#ixzz1g5UAvYbS
http://www.wnd.com/?pageId=375565
Just now we have the proof !
In an effort to encourage other homeowners in my state to come forward with their stories, the complaint will be made public. I promise it will be as forgiving as your loan modification guidelines.
So true Chunga. The response regarding credibility is a fair question as well. Will they help her?
I suppose being honest regarding my own feeling on the matter is better understood. Which is to say perhaps people who feel or know better see the light at the end of this madness. I wish somewhere people would set aside their own and help each other.
When I see on Dylan Ratigan's show Senator Bernie Sanders agreeing that investigation into the Federal Reserve (part one) then another and another, to it's eventual outcome (if we ever get there that is) is going to require a "Grass Roots Effort". Again, on my own personal level feel the emptiness in government's power.
Power to examen, and execute prosecution to those who committed these real crimes.
@ SageBrush, I agree with you wholeheartedly with what you said.. In summation to your comment, it is a matter of self preservation for the 1%. What frightens me is when I speak of this to neighbors, people at the grocery store and so on, is that most have no idea what is happening.
I know most here at the DB agree and know how ugly and what an oxymoron "Bill S 1867" really is. Strange it's noted as to protect our Constitutional Rights but in turn destroys our 6th amendment rights in doing so. I mean should it have passed, in turn the very people who voted for it should be incarcerated as described. At least thats what I'm thinking??
It simply makes no sense.
What does make sense to me is though I live in Nevada, I should be writing and contacting the powers that be in Florida if nothing else to support my fellow citizens who are tirelessly fighting what we ALL now know to be plane and simple fraud. Lies, law breaking, life taking lies by Public Servants who have become our masters.
To Chunga and SageBrush.
Since S 1867 was a blatant attempt to turn us into a police or military state I suppose I best enjoy the 1st amendment freedom while I still have it.
Apologies for sounding so grim. I just know in my heart that it real and it will take as many people as we can muster in such a grass roots efforts as Dylan Ratigan mentioned to Senator Bernie Sanders in mid October during the first crack at the FED.
I'm open to suggestion on how to better approach this.
Sincerely.
P.S. I just caught this. It may be of interest to some here.
NY-NJ bridge policeman earns $221,000
By CHRIS HAWLEY | AP – 12 mins ago
http://news.yahoo.com/ny-nj-bridge-policeman-earns-221-000-224648676.html
http://www.zerohedge.com/news/shadow-rehypothecation-infinte-leverage-and-why-breaking-tyrrany-ignorance-only-solution
excerpt:
And the punchline: "Liquidity requires symmetric information, which is easiest to achieve when everyone is ignorant. This determines the design of many securities, including the design of debt and securitization." Reread the last statement as it explains perhaps better than anything, the true functioning of modern capital markets and why they are terminally broken: in order to preserve the system, the banking cartel need to make everything of virtually infinite complexity so that no one has a clear understanding of what is going on! Which is where sites like Zero Hedge step in - to expose "shadowy" places where things are best left unseen.
http://dealbook.nytimes.com/2010/03/12/the-british-origins-of-lehmans-accounting-gimmick/
http://georgesblogforum.wordpress.com/2011/11/02/the-daily-climb-2/
http://www.zerohedge.com/news/denials-begin-interactive-brokers-first-claim-it-has-not-engaged-commingling-rehypothecation
http://www.pittsburghlive.com/x/pittsburghtrib/news/s_771460.html
http://www.reuters.com/article/2011/12/13/us-mfglobal-hearing-idUSTRE7BC1AE20111213
Must See Video: Go to 16:00 minutes.
http://www.c-spanvideo.org/program/MFGlob
http://www.c-span.org/Live-Video/C-SPAN3/
http://www.c-span.org/Events/Jon-Corzine-Testifies-on-MF-Global-Again/10737426329/
http://www.politico.com/news/stories/1211/70629.html
House ethics rules require that lawmakers and staff may only accept “loans from banks and other financial institutions on terms generally available to the public.
Congress has been roiled in recent months over so far unproven allegations of insider trading against senior lawmakers, and the disclosure that sitting lawmakers received below-market mortgage deals will do little to improve the already battered image of the institution.
flashback:
http://www.atimes.com/atimes/Global_Economy/MB03Dj03.html
On January 5, 2011, six months after shepherding the bill through the senate, under a cloud of ethics scandal, senate banking committee chairman Chris Dodd announced he would not seek a sixth four-year term in 2012.
Dodd's ethics trouble began in June 2008, when Conde Nast Portfolio revealed that he had been granted two cut-rate mortgages of nearly US$800,000 by subprime mortgage giant Countrywide Financial in 2003. As the magazine reported, Dodd was a "Friend of Angelo" - one of several notables marked for special treatment by Countrywide co-founder Angelo Mozilo.
He's also deeply involved in the implementation and coverup of the Fast and Furious gun scandal. He's a lying scumbag. But you won't see Steve Kroft saying anything about that will you? Noooo. He lets him get away with that smug sincerity. Its enough to make you gag.
Other times I realize it's all I have left. What happened was simply wrong. A real crime against humanity as a whole. I read other posts and sometimes wish I had the luxery to take the position of some who I know are much smarter than I. But then I think it's not as complicated as it sounds.
Meaning, there is enough information to show cause/proof of unethical behavior on behalf who were charged to protect the people's best interest. I mean no offence to you Cheyenne when I say we can't afford 18 thousand or million workers to end up like myself. I understand what your getting at and at times too feel the same. It's a constant struggle. The worst of it for myself is I know what's right, I know it can be rectified. Not by some rebellion on my behalf but through the legal system.
I suppose in the end it will be largely a matter of luck or gods good humor. Something like that I suppose?
When I listen to Professor William Black offer up a solution via the RICO act only to hear Dr. Fine has used it in the California court system, and was placed in jail for doing so. It certainly takes the fight out of me replacing it with wonder.
I for one have done so much to make the wrong in my life right. I even was able to land proof of "hardships" via a fax to president Obama at the request of the White House call center. And still nothing. Which I consider the middle finger. Considering I sent hard truth and proof of 1/4 century of work lost, not for any other reason than lies. I suppose lying to myself and taking everyone elses advise of "suck it up" is the most popular way to go. But for reasons perhps elementary and pridful. Somewhere in the back of my mind I keep looking for some sign of hope that this wrong will be validated and I will be whole again. However I'd be lying if I said that hope seems to be fading fast.
Inherantly people know right from wrong. If they didn't, the plea "I was just folling orders" would have been enough to let a lot of bad men go free. That said, I have to hang on to that small hope that we as a whole will not have to reinvent new laws after a great deal of more tragety for things to balance and restore. As I said, I can only hope when I see strenght in others who hope as I do.
I suppose that's enough from me.
http://georgesblogforum.wordpress.com/2011/11/02/the-daily-climb-2/
I apologize if I gave you the impression that I'd ever disagree with that statement. One of the things that kills me the most about this meltdown is the concerted, calculated, and premeditated effort to vilify the victims of the greatest fraud in history.
In aggregate, these victims show up on the BLS Not in Labor Force tables and graphs (87MM and counting), as well as on the SNAP rolls (47MM, up from 32MM pre-TARP).
But even that wouldn't bother me all that much but for meeting strangers at airport bars. People are HURTING, badly. It's in the air; you can taste it, the blood. And it's fucking everywhere, and no one wants to talk about it with loved ones. But a sympathetic stranger who'll buy you a beer? I get an earful.
Last week at LaGuardia it was a 60-year old from Michigan.
"I've never seen thing this bad," he said. "Not never."
We're in a depression, I said, but no one wants to talk about it.
"Hell, yeah we are," he said.
Scenes like that play out every day in front of my eyes. It's unbelievably bad. I don't even catch shit any more yelling at televisions in airports or especially train stations.
Quite honestly, I don't really know how many more hard-working good souls can be ground down further, which sounds like what's happened to you, without unforeseen and disastrous consequences.
I'm down myself a lot more now, but I find a way just to get through that day, whatever that takes, and move on from there.
That's shitty advice, probably, but it's what I do.
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That's pretty much the point, Paris. They are nowhere to be found, thanks in large part to Tim Geithner and his efforts to prevent prosecution.