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« VIDEO - Dallas Fed President Richard Fisher: 'The Fed Has Done Its Job, Doing More QE Doesn't SOLVE The Problem' | Main | VIDEO - Rep. Miller Asks Geithner Why He Didn't Inform Dept. Of Justice Of LIBOR Fraud »
Wednesday
Aug082012

Bailed Out Wells Fargo Will Fire You If Your Kid Gets Cancer, Big Fight For Audit The Fed In The GOP Platform, John Mica Crony Capitalism Florida Style (LINKS) 

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Reader Comments (18)

hahaha good old tax me more Warren who hides his Billions in tax exempt foundations (don't let that get out or people might not believe the uber wealthy hypocrite's like Warren really want to pay more in taxes). I don't think people even realize his Billions were bailed out and that he lobbied for the bailouts or that Moody's (he owned the major shares of) worked with the banks (crisis) so for the skeptics

Buffett’s Betrayal

http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/

Better Ways to Lower Warren Buffett's After-Tax Income

http://spectator.org/blog/2011/08/15/better-ways-to-lower-warren-bu

How Buffett Saves Billions On His Tax Return

http://www.forbes.com/sites/greatspeculations/2011/08/17/how-buffett-saves-billions-on-his-tax-return/

Saint Warren’s dark side
Ugliness the media overlook

http://www.nypost.com/p/news/opinion/opedcolumnists/saint_warren_dark_side_mhMyAHUqp3nn0jR0xdtGmI

Buffett Defends Moody's Managers

http://online.wsj.com/article/SB10001424052748703561604575282133337565878.html
Aug 8, 2012 at 4:57 PM | Unregistered CommenterLiberatedCitizen
Great links LC. Superb work.
Aug 8, 2012 at 5:09 PM | Unregistered CommenterDailyBail
Overnight news flash...

The Just-us Department has decided it will not prosecute Goldman Sachs or its employees for their role in the financial crisis, following an investigation by senators Carl Levin (D-MI) and Tom Coburn (R-OK).

http://washingtonmerry-go-round.blogspot.com/2012/08/doj-will-not-prosecute-goldman-sachs-in.html

The wheels on the bus go round and round, round and round...

You gotta love a Just-us Department full of defense lawyers. As long as everyone pays their shake down money, uh, I mean fines that are lower than the amounts evaporated all will be considered a success.
Aug 10, 2012 at 5:31 AM | Unregistered CommenterS. Gompers
There has been a lot of that money laundering going on lately Skinflint, it has been flying low on the radar and also settling for fines that are less than the profits of the laundering. Cost of doing business I suppose...
Aug 10, 2012 at 7:27 AM | Unregistered CommenterS. Gompers
Gomp--

If you haven't read Neil Barofsky's book, "Bailout" (which debuted last week at #9 on the NYT's non-fiction bestsellers list), you're in for a treat. It's an insiders account of Wall Street's complete capture of the government that doesn't pull its punches.

Barofsky's accont of the Taylor Bean & Whittaker TARP fraud and prosecution is priceless. Barofsky and his partner-in-crime at SIGTARP, Kevin Puvalowski, worked together at the U.S. Attorneys Office in the Southern District of New York, and are shocked at the outright cowardice of the DOJ in prosecuting the slam-dunk TBW case.

In one meeting, Barofsky and Puvalowski get so frustrated with the DOJ geldings' reluctance to act on the mountain of evidence of TBW's outright fraud that they resort to personally wheedling the DOJ pussies.

Barosky tells one guy to put his "big-boy pants on," while Puvalowski orders a Democratic appointee to "stop acting like a birther." Fully 10 months pass before the DOJ accumulates a planet's worth of evidence and indicts.

The book is astonishing. Under Geithner, the Treasury's sole function is to be Wall Street's law firm, repeating argument after argument after argument--all of them transparently ridiculous--dictated to Tim by bankers about why it's helpless to do anything about the blatantly fraudulent bailout programs that are designed to enrich elite bankers at the expense of Main Street.
Aug 10, 2012 at 9:11 AM | Unregistered CommenterCheyenne
A citizen may arrest you without warrant if you have committed a misdemeanor amounting to a breach of the peace or a felony in the citizen’s presence. A citizen’s arrest is only lawful if you have in fact committed the crime for which you are being arrested.

If you have been arrested by a private citizen and did not commit a crime, you may sue for unlawful arrest, even if the citizen had reason to believe you were guilty. However you may not sue property owners or merchants if they detained you because they believed you had wrongfully taken their property.
Aug 10, 2012 at 9:24 AM | Unregistered CommenterSKINFLINT
Oh and by the way, Goldman Sachs does not allow any more than six employees to be together outside of corporate hq. They have also applied for conceal and carry permits in the City of New York which to my understanding is nigh impossible. You really have to have a good reason to carry a handgun in NY. Wonder why they feel the need to carry weaponry? Makes me feel absolutely the fuck sick.
Aug 10, 2012 at 9:34 AM | Unregistered CommenterSKINFLINT
Aug 10, 2012 at 9:46 AM | Unregistered CommenterSKINFLINT
Cheyenne,

I haven't seen that book yet, I will get it but I don't have much reading time till the snow flies. On a side note, check out this local newscaster. He has been making some interesting news items lately. Start with "Reality Check: Is auditing the Federal Reserve really necessary?", I find it interesting that he is allowed to report reality.

http://www.fox19.com/category/208878/reality-check-with-fox19s-ben-swann-from-wxix-cincinnati
Aug 10, 2012 at 11:32 PM | Unregistered CommenterS. Gompers
Great clip, Gomp. Like you, I'm blown away whenever I see anyone on the news--especially local news--get up and start speaking truth to power. (Incidentally, the direct link to this clip is here: http://www.fox19.com/story/19162620/reality-check-is-auditing-the-federal-reserve-really-necessary )

Before watching this clip, I didn't know either that:

1. JP Morgan got $390 billion in Fed assistance (I thought it was $260 bllion); or that

2. William Dudley held stock in GE and AIG while the NY Fed bailed out both companies. (I knew about Stephen Friedman's Goldman conflct from this site, but not about Bill "Let them eat iPad2" Dudley.)

Moreover, the explanation of why Dudley wasn't made to sell his holdings before bailing these companies out would be hilarious if it weren't so Orwellian: the Fed didn't want to create the appearance of a confilict of interest. What!? That's akin to telling a thief not to disgorge his loot for fear of calling attention to the impropriety. Unreal.
Aug 11, 2012 at 8:51 AM | Unregistered CommenterCheyenne
I thought you and the others would appreciate it Cheyenne.
Aug 11, 2012 at 2:13 PM | Unregistered CommenterS. Gompers
This fellow makes the MSM anchors and reporters look like the corporate puppets they are. Finally, a news broadcast where I can expect to hear some truth. Mucho appreciated Gompers.
Aug 11, 2012 at 8:11 PM | Unregistered CommenterSagebrush
Kind of suprised that this fella still has a job. Thanks G.
Aug 11, 2012 at 9:14 PM | Unregistered CommenterSKINFLINT
Cheyenne, you would be talking about this William Dudley?

William M. Dudley
Associated General Counsel
Excel Energy Services

I got this from a FERC filing.
Aug 11, 2012 at 9:57 PM | Unregistered Commenterjohn
John, I think that he is speaking of the Wiliam Dudley who was in Bush's cabinet and also Reagan's cabinet. Think he was the one that was interviewed in the Inside Job Doc.
Aug 11, 2012 at 10:02 PM | Unregistered CommenterSKINFLINT

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