Showing posts with label collusion. Show all posts
Showing posts with label collusion. Show all posts

Tuesday, September 30, 2014

Att. Gen. Holder Talks As Though All Criminals Are Equally Bad ... Some Are Just More Equal In Impunity Than Others

   (Commentary posted by Roger Erickson)

Is this who we are? WWGW think?



Dear Att. Gen. Eric Holder,
How about leaving some WHITE COLLAR CRIME backdoors open for regulators?
For Pete's sake! Get a clue.

This guy can't see context for the mirror?

In what follows, the semantics have been blatantly translated to more relevant analogies, in an attempt to redirect the topic to protecting the innocent.

What about all the forms of BS which are locking law enforcement regulators out of understanding increasingly popular Control Fraud methods?

Surely it is fully possible to permit private enterprise to provide personal incentives while still adequately protecting aggregate options?

When a Middle Class is in danger, law enforcement and Public Policy needs to be able to take every legally available step to quickly find and protect Main Street and to stop those that abuse both the Middle Class and democracy. It is worrisome to see both Control Frauds AND public officials thwarting our ability to do so.

In his recent comments, Holder became just the latest government official to willingly be a hypocrite ... for financial gain, no matter how indirect.

Though Holder didn’t mention Goldman-Sachs or any other TBTJ banks by name, his remarks systematically avoided mentioning the documentation repeatedly offered by Bill Black since the resolution of the S&L Crisis 20+ years ago.

National, state and local citizen and law enforcement officials have complained loudly that the TBTJ banks are undermining efforts to fight White Collar Crime, including money-laundering and financial terrorism. The TBTJ's newest lobbying system, BS-8, has Congress so thoroughly bought that the lobbyists brazenly say that White Collar Crime is itself no longer illegal. Citibank's & JP Morgan's lobbying and "revolving door" system 
automatically began using direct and indirect incentives and re-election pressures decades ago, on all regulators and Congresspeople, unless they specifically opt into the bankster protection racket, described in unwritten agreements never intended to be released to honest citizens. (It will take months or years for reality to filter out and reach most people currently attempting to honestly participate in democracy.)

TBTJ financial industry executives have consistently said that less regulation better protects the privacy of Control Frauds by reducing the security of the Middle Class against a wide range of intrusions, by co-opted governments, White Collar criminals and Innocent Frauds on the bankster's payroll. American financial companies have been particularly eager to demonstrate their commitment to reduced citizen rights in the aftermath of the revelations by former litigation director of the Federal Home Loan Bank Board, Bill Black, detailing the extensive overreach of TBTJ financial lobbies.

Holder never bothers speaking honestly to the Global Alliance Against Financial Abuse of the Middle Class and Democracy in General, regardless of where their diverse chapters try to meet. In fact, to my knowledge he's never raised the issue of preserving civic protections from large-scale Financial Control Fraud.

Sure, recent gutting of diverse Federal regulatory agencies has already greatly emboldened White criminals, as TARP and the aftermath showed, including providing implicit guarantees for abusers to avoid detection. In a snowballing number of cases, perpetrators are using clouded policy to cheaply and easily bypass tens of thousands of lines of former legal protections that had existed for 70 years or more - and to leverage that ability to operate from anywhere in the world. It shouldn't be a surprise that many Control Frauds rush to take advantage of "regulatory encryption" and anonymizing White Collar Crime practices to conceal contraband practices and disguise perpetrator positions.

In response to all this, Holder has essentially called on all citizens to work with him to look the other way while Wall Street guts Main Street, and ensures that law enforcement ignores the ability, with court-authorization, to at least attempt to obtain enough information to even initiate White Collar Crime investigations, such as catching mega Control Frauds.

Even with the new forms of Control Fraud, government officials maintain access to many sources of data related to the execution of Elite Financial Fraud, including the records of calls, texts and other communications kept by lobbyists, Congressional staff and Public Regulators alike. Even worse are the extensive, passive collusion agreements that most regulatory agencies now take for granted, by claiming that they "can't afford to prosecute rampant White Collar Crime," resulting in paltry fines for massive frauds against Jane and Joe Sixpack. Police and District Attorneys rarely even get search warrants on which to use third-party tools to try to unravel the levels of corruption involved in on decisions to not prosecute massive mortgage frauds and other financial schemes. Courts can and often have ordered the entire Middle Class to furnish up the keys that would otherwise preserve the future of entire generations against domination by a few Super Crooks.


Capiche?



Thursday, December 26, 2013

Jed S. Rakoff — The Financial Crisis: Why Have No High-Level Executives Been Prosecuted?

Five years have passed since the onset of what is sometimes called the Great Recession. While the economy has slowly improved, there are still millions of Americans leading lives of quiet desperation: without jobs, without resources, without hope.
Who was to blame? Was it simply a result of negligence, of the kind of inordinate risk-taking commonly called a “bubble,” of an imprudent but innocent failure to maintain adequate reserves for a rainy day? Or was it the result, at least in part, of fraudulent practices, of dubious mortgages portrayed as sound risks and packaged into ever more esoteric financial instruments, the fundamental weaknesses of which were intentionally obscured?
The New York Review of Books (Jan 9, 2014)
The Financial Crisis: Why Have No High-Level Executives Been Prosecuted?
Jed S. Rakoff | U.S. District Judge for the Southern District of New York
(h/t Ryan Harris in the comments)

Judge Rakoff is not going to let this die.

Tuesday, December 17, 2013

Novel Variation on Corporate Welfare - Racketeering, Renamed Upper Looting Class Tax Forbearance

(commentary posted by Roger Erickson)

The Top 1% Mostly Gives to the Other 1% ... and Calls it Charity

Collusion?

Fine. Here's a scheme to suggest to your Congress Critter. Since the taxes the Middle Class pay don't go anywhere, or get used for anything ... why not claim that you're effectively giving buying pwoer to the 1% too, and request ... NAY DEMAND! ... a similar tax write off.

In fact, until enough Aggregate Demand materializes to resuscitate the Middle Class, why not just request a holiday altogether, from your currently mandatory donation of Aggregated Demand to the IRS black hole?

If the IRS screams about the apparent deficit in nominal fiat, say "Let them eat 1% demand!"

And if 1% of the population pours into the Country Clubs, and tries to hire enough poor people to shoot other poor people?

Give me Aggregate Demand, or give me fiat death?

Thursday, December 13, 2012

Bonnie Kavoussi — Google, Apple Allegedly Conspired To Keep Wages Low: Lawsuit

Despite a heated rivalry, there's one thing Google and Apple allegedly worked together on: underpaying their workers.
Former employees of the companies filed a new complaint on Monday in an attempt to expand a lawsuit they filed last year into a class action case representing up to 100,000 technology workers. Much of the complaint was redacted for privacy reasons.
The lawsuit claims that Apple, Google, Intel, Intuit, Adobe, Lucasfilm and Pixar made "gentleman's agreements" to not recruit each other's employees between 2005 and 2009. By doing so, the lawsuit claims, these companies "artificially suppressed" wages in a rigid pay structure.
In addition, the suit alleges that former Apple CEO Steve Jobs, former Google CEO Eric Schmidt, and Intuit chairman Bill Campbell helped enforce recruiting bans. The lawsuit cites "CEO-to-CEO emails," do-not-call lists, and an analysis by UCLA economist Edward Leamer finding that the alleged poaching bans kept wages low.
The Huffington Post
Google, Apple Allegedly Conspired To Keep Wages Low: Lawsuit
Bonnie Kavoussi