BERNANKE CRIME SYNDICATE
By John Titus, Creator and Executive Producer of Bailout.
Less than 3 months ago here on Daily Bail, I took note of the debate shaping up over the appointment of Mary Jo White to head the S.E.C. Specifically, a rather heavy majority of financial pundits who should know better coalesced into a coterie of Mary Jo cheerleaders telling everyone who'd listen that she'd make a terrific financial regulator.
This parade, I said, was certain to encounter rain if not a monsoon amid such rampant sunshine and optimism: opinions in favor of Mary Jo were running at about 7/2, making the bet-against a fantastic overlay. At the time I lamented: “I only wish there were some way to take action on how quickly and how massively Mary Jo White will fail as a regulator.”
It did not take long.
Bloomberg has confirmed that the happy bandwagon has disappeared over a cliff forever with White’s deployment of the hackneyed cliché used by every kleptocrat when excusing the wantonly criminal behavior of her owners: we must look forward, not backward, in this case to solve our economic problems. The identical phraseology appeared on Obama's inaugural teleprompter session four years ago.
'We must look forward' is code, of course, for 'we're going to let the criminals tells us if they should be punished.' Which makes government stooges like Obama and Mary Jo White accessories after the fact. But hey, they'll get rich stealing from everyone else. And that's all that matters any more.
With her official (and predicted) exoneration of all frauds on Wall Street--even the ones that haven't been committed yet--Mary Jo White has now become an official member of the global kleptocracy.
This bodes poorly for the rest of us. The untrammeled fraud eating away the vital organs of the American body like a voracious parasite will only accelerate under Mary Jo White until so much money has been sucked out of the victims (99.99% of people) that the entire Ponzi scheme that is the U.S. economy collapses into dust.
Until then, the global kleptocrats will steal everything not nailed down (read: your bank accounts and pension plans) before they pry up floorboards to loot assets directly from grandma's basement--all with the active assistance of the U.S. government. Thank you, Mary Jo, and welcome to the Washington, D.C. Syndicate!
Condolences to Christopher Whalen, Neil Barofsky, Dennis Kelleher, and everyone else who tried using Kool Aid as a cutter for the 200-proof criminal enterprise that is the U.S. government. Next time remember to just say no. Congratulations to Matt Taibbi, who fearlessly asserted that appointing the 7/2 dark horse White was "putting the fox in charge of the hen house."
This Clip Explains Everything
SCENE FROM THE UNTOUCHABLES
Previously from John Titus:
Image by William Banzai7