The last few days have been hilarious. First the FIFA arrests yesterday and now the indictment of former Speaker of the House Denny Hastert. (Wow...he avoided declaring a $952k cash withdrawal). He'll probably go to prison for the rest of his life.
Meanwhile the bankers steal trillions, manipulate and rig markets, commit wild, brazen, out of control fraud--ADMIT TO IT--then do it, over and over and over and nothing happens. Not a single bank executive is arrested or charged, never mind go to prison.
The Feds must think we are so fucking dumb. They arrest a bunch of two-bit soccer execs and now they take down a long-retired politician and that's supposed to make up for their total indifference when it comes to the massive crimes of finance? Nobody should give a fuck until lots and lots and lots of bankers go to jail.
An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Showing posts with label FIFA. Show all posts
Showing posts with label FIFA. Show all posts
Thursday, May 28, 2015
Wednesday, May 27, 2015
FIFA execs arrested for corruption, but bankers free to steal billions (trillions) more!
Another one for the joke books.
The FBI announced a "big" arrest today of some FIFA officals who allegedly took $150 million in bribes (what bankers call, "pocket money") over a 24 year period. That's about $6 million per year or, about a quarter of Jamie Dimon's annual salary, but who's counting?
Thank God we have our vaunted, Department of Justice on this. We can all sleep easier now that these dangerous sports execs have been nabbed. Phew! Way to go, Attorney General Loretta Lynch!
Oh...wait...I forgot...
The FBI announced a "big" arrest today of some FIFA officals who allegedly took $150 million in bribes (what bankers call, "pocket money") over a 24 year period. That's about $6 million per year or, about a quarter of Jamie Dimon's annual salary, but who's counting?
The Department of Justice indictment names 14 people on charges including racketeering, wire fraud and money laundering conspiracy. In addition to senior soccer officials, the indictment also named sports-marketing executives from the United States and South America who are accused of paying more than $150 million in bribes and kickbacks in exchange for media deals associated with major soccer tournaments. Read.
Thank God we have our vaunted, Department of Justice on this. We can all sleep easier now that these dangerous sports execs have been nabbed. Phew! Way to go, Attorney General Loretta Lynch!
Oh...wait...I forgot...
They got fines.
This is all part of the financial elites' plan, folks. Get the public addicted to these stupid games, make sure they're completely zombified and looted ($150 for a ticket to a baseball game?) by this industry, which really has only been created to serve as a major distraction so that the elites can rob us blind without us even knowing it or, caring about it. (The elites own the teams, remember?)
But...if something "bad" happens in sports, like a bribe or, a player taking performance enhancing drugs (which the hypocritical fans love because it juices the players' performance to the max) or, God forbid, DEFLATED FOOTBALLS, then our "leaders" get real serious about these terrible "crimes" and throw the book at the "lawbreakers" hard. Destroy their careers or lock them up after media-frenzy raid that show them being led away in "perp walks."
Honestly, I don't know why the bankers and financial elites even want to steal: we throw trillions $$$ of taxpayer money at them for free. Maybe they rob just because they're bored and want something to do.
The joke's on us, folks. The joke's on us.
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