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The Biggest Financial Scam In World History           : Information Clearing ... - 0 views

www.informationclearinghouse.info/article31768.htm banksters LiBOR
shared by Gary Edwards on 08 Jul 12 - No Cached
  • Gary Edwards on 08 Jul 12
     
    Marbux sent me this link to series of videos explaining the LiBOR bankster crisis.  The awesome Bill Black is featured in two of the video interviews.  Others include Matt Taibi of the Rolling Stone Magazine.  Matt's work on bankster criminals is legendary.  This is incredible stuff.  Very heated.  Clearly we are at the heart of the largest criminal fraud ever perpetrated, and it involves the worlds largest banksters.  Including the Queen of England (Bank of England).  $800 Trillion in fraud.  Incredible. Yes, the Libor Scandal Affects You By Jack Hough July 06, 2012 "Smart Money" - -A liger is a cross between a lion and a tiger. Libor, on the other hand, is a daily approximation of what banks charge each other for loans. It turns out only one of these things is real. Awkwardly, it's not the one used to set prices on an estimated $800 trillion in global financial instruments, or $116,000 worth for each person on earth, ranging from complex derivatives to student loans. That's a problem for holders of bank stocks - which includes just about anyone who owns a mutual fund or 401(k). Barclays (BCS) agreed last week to pay $453 million to settle allegations that it manipulated Libor, which stands for London interbank offered rate. As The Wall Street Journal reported Thursday, it's likely only the first: More than a dozen banks on three continents are under investigation. Libor is compiled by asking 18 banks what they think they would pay if they needed money. Some banks may have submitted artificially low responses during the global financial crisis to give the appearance of high creditworthiness. Others may have tinkered with the reading to profit from trades, or avoid losses. The Barclays settlement is affordable, at less than 7% of the company's projected profits this year, but the size of legal claims it and other banks face is difficult to imagine. Trial lawyers will do their best to work out the sums, of course. Libor may have been subject
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Cow Economics & Politics - 1 views

docs.google.com/...pub Banksters Cows S&P-downgrade
shared by Gary Edwards on 09 Aug 11 - No Cached
  • Gary Edwards on 09 Aug 11
     
    Update on that classic economic-political use case; "You have two cows". Hard to joke when the stock market has lost over $2 Trill in one week, and neither the government or the Federal Banksters Reserve show any concern.  Obama's golf game, fund raising and vacation schedule will not miss a beat.  Cape Cod calls and Obama is there.  Bernake and the Banksters met today, with a stock market begging for him to print up some more free fuel.  Bernake decides to stick with the plan and go with the collapse of the USA and the Dollar as scheduled. GOLD today is over $1780 /oz.  It's value in dollars has risen over $120 /oz since the raising of the debt limit to near $17 Trillion. The stock market melted down yesterday, crashing through key support barriers … shattering the confidence of millions of individual investors … and prompting most - who had been trying to turn a blind eye to the carnage - to start heading for the hills. Yesterday, Aug 9 2011 was the worst trading day since December of 2008. Just since the market began falling on July 26th, more than $7.8 trillion in equity has now been erased! Even though the Banksters are flush with $16.1 Trill in Federal Bankster Reserve coupons (GAO Audit of 2009-2010 Bankster books), the market can't seem to sort things out. And Banks stocks got hit hardest of all in yesterdays crash: US Bancorp and Wells Fargo were both down 9%. Huntington Bancshares and JP Morgan Chase declined 8.5% and 9.4% respectively. Fifth Third Bankcorp fell 11.4% and Capital One fell 12.08%. Regions Bank dropped 13.5% and SunTrust lost 13.9% of its value. Saw a National Media special on S&P last night.  These clowns gave Enron, Worldcom, Lehman Brothers, Ireland, Greece and Iceland their highest ratings right up until the eve of their collapse.  And then there's those trillions in garbage mortgage securities and derivatives rated triple A right through the collapse of the World economy
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The Qatari Deal To Hold The Taliban - The Qataris Have Been Used Before By President Ob... - 1 views

theconservativetreehouse.com/...ama-with-horrific-consequences Benghazi-coverup Qatar Gitmo-5 Obammunism
shared by Gary Edwards on 09 Jun 14 - No Cached
  • Three months, a naval fleet, 3,000 marines, one Billion dollars, and 450 cruise missiles later, it’s May 2011 and Obama had yet to ask for permission to engage in his offensive war from anyone but himself and the previously noted ‘club of the traveling pantsuits’. Despite the Office of Legal Council (the golfers own legal team) telling him approval is needed, he chose to violate the War Powers Act and more importantly the Constitution. It is critical to remember the political battle being waged at the time over whether President Obama had the authority to take “offensive military action”, without congressional approval,  when the threat was not against the United States. It’s critical because from that initial impetus you find the reason why arming the Libyan rebels had to be done by another method – because President Obama never consulted congress, nor sought permission.
  • Normally, in order to send arms to the rebels lawfully, President Obama would have to request approval from Congress. He did not want to do that.   Partly because he was arrogant, and partly because he did not want the politically charged fight that such a request would engage.  It would hamper his ability to take unilateral action in Libya.
  • So an alternate method of arming the rebels needed to be structured.    Enter the State Department, Hillary Clinton, and CIA David Petraeus. Weapons, specifically MANPADS or shoulder fired missiles, would be funneled to the Benghazi rebels by the State Dept, through the CIA under the auspices of ongoing NATO operations.   May, June, July, August, Sept, 2011 this covert process was taking place. It was this covert missile delivery process which later became an issue after Gaddafi was killed.    It was during the recovery of these missiles , and the redeployment/transfer to the now uprising “Syrian Rebels” when Ambassador Chris Stevens was killed on Sept. 11th 2012.
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  • [O]n July 25, 2012, Taliban fighters in Kunar province successfully targeted a US Army CH-47 helicopter with a new generation Stinger missile. They thought they had a surefire kill. But instead of bursting into flames, the Chinook just disappeared into the darkness as the American pilot recovered control of the aircraft and brought it to the ground in a hard landing. The assault team jumped out the open doors and ran clear in case it exploded. Less than 30 seconds later, the Taliban gunner and his comrade erupted into flames as an American gunship overhead locked onto their position and opened fire. The next day, an explosive ordnance disposal team arrived to pick through the wreckage and found unexploded pieces of a missile casing that could only belong to a Stinger missile. Lodged in the right nacelle, they found one fragment that contained an entire serial number. The investigation took time. Arms were twisted, noses put out of joint. But when the results came back, they were stunning: The Stinger tracked back to a lot that had been signed out by the CIA recently, not during the anti-Soviet ­jihad. Reports of the Stinger reached the highest echelons of the US command in Afghanistan and became a source of intense speculation, but no action. Everyone knew the war was winding down. Revealing that the Taliban had US-made Stingers risked demoralizing coalition troops. Because there were no coalition casualties, government officials made no public announcement of the attack. My sources in the US Special Operations community believe the Stinger fired against the Chinook was part of the same lot the CIA turned over to the ­Qataris in early 2011, weapons Hillary Rodham Clinton’s State Department intended for anti-Khadafy forces in Libya. They believe the Qataris delivered between 50 and 60 of those same Stingers to the Taliban in early 2012, and an additional 200 SA-24 Igla-S surface-to-air missiles.  (link)
  • Gary Edwards on 09 Jun 14
     
    The pieces of the puzzle are slowly coming together, and it isn't pretty. This article connects Qatar, Afghanistan and hero of Benghazi, to the fabulous five terrorist dream team Obama let out of the gitmo prison. Incredible story. excerpt: "How Our Stinger Missiles Wound Up In Afghanistan Being Used Against Our Own Troops: On February 15th 2011 a civil war erupted inside Libya.   Egyptian Islamists previously  freed from jail by the Muslim Brotherhood flooded into Eastern Libya and joined with their ideological counterparts.  al-Qaeda operatives hell bent on using the cover of the Arab Spring to finally rid themselves of their nemesis, Muammar Gaddafi. President Obama chose to ignore an outbreak of violence in Libya for 19 days.  Perhaps Obama was tentative from the criticism he and Hillary received over the mixed messaging in Egypt.  Regardless, eventually Obama was begged to engage himself by leaders from France, The United Kingdom, and Italy. The White House advisors (Emanuel, McDonough, Donolin, Jarrett, Axelrod, Plouffe) were more cautious this time.  Initially Obama ignored the EU requests and later chose to dispatch the Secretary of State, Hillary Clinton, to Europe to address their concerns. "Look, enough with the jokes shorty; you got us into this mess, now the turban heads are laughing at us"… "ah, bot of course, zeah av bullets, no? Vee ave to shoot" For the following 11 days American citizens, including State Dept. embassy officials, were trying to evacuate the country as vast swathes of the country erupted in bloodshed and violence, they became trapped in Tripoli.   A bloody national revolution was underway. The United Nations Security Council held urgent immediate emergency meetings to try to determine what to do.    However, the United States Ambassador to those meetings, Susan Rice, was not present.    She was attending a global warming summit in Africa. Without the U.S. present the United  Natio
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Federal Bureau of Investigation - Cincinnati [...] (via noodls) / Former Columbus Polic... - 0 views

www.noodls.com/...6703A98D66746DB406005D5AAA6649 police-militarization 1033-program DoD
shared by Paul Merrell on 01 Sep 14 - No Cached
  • COLUMBUS, OH-Former Columbus Police Officer Steven Edward Dean, 49, of Columbus, was sentenced in U.S. District Court to 30 months in prison for misappropriating and selling heavy equipment and other property the Columbus Division of Police received through a Department of Defense surplus program. Carter M. Stewart, U.S. Attorney for the Southern District of Ohio; Kevin Cornelius, Special Agent in Charge, Federal Bureau of Investigation (FBI); Brian Reihms, Special Agent in Charge, Defense Criminal Investigative Service (DCIS); and Columbus Police Chief Kim Jacobs announced the sentence handed down today by U.S. District Judge Michael H. Watson. According to court documents, an investigation by the Columbus Division of Police, the FBI and DCIS concluded that between October 1, 2005 and June 1, 2012, Dean diverted property with a fair market value of $251,570.94 the police department had received from the Defense Reutilization Marketing Office (DRMO) program. The embezzled items included $133,554.59 of heavy equipment, construction equipment, and vehicles; restaurant equipment; $94,163.25 of materials sold for scrap; and $16,353.15 worth of items, including diesel generators, sold to private persons. This conclusion was based on records obtained from the U.S. Department of Defense DRMO program, the state of Ohio offices involved with the DRMO program, scrapyard receipts, Craigslist online point-of-sale website records, restaurant supply records of sold equipment, and by viewing the items of property themselves.
  • Federal Bureau of Investigation - Cincinnati Field Office 08/13/2014 | Press release Former Columbus Police Officer Sentenced for Embezzling from Defense Department Surplus Program
  • "This is a major theft and embezzlement case involving a uniformed police officer stealing from his own department and involving property which should have otherwise been used to assist law enforcement, and all the equipment and vehicles were originally purchased with taxpayer dollars," Assistant U.S. Attorneys Doug Squires and Deborah Solove told the court prior to sentencing. "Today's sentencing demonstrates the Defense Criminal Investigative Service's ongoing commitment to combating fraud and corruption that impacts the Department of Defense's vital programs and operations," said Brian Reihms, Special Agent in Charge, Defense Criminal Investigative Service (DCIS), "DCIS, with our partner agencies, will continue to work tirelessly to investigate fraud involving the DoD's DRMO Law Enforcement Support Office which transfers excess property to law enforcement organizations across the United States." Dean pleaded guilty in February to one count of embezzlement from a program receiving federal funds and one count of theft of public property. Under terms of the plea agreement, Dean will forfeit $251,570.94 less the value of the recovered equipment. Dean was also sentenced to three years of supervised released following inprisonment. U.S. Attorney Stewart commended the investigation by DCIS, the FBI, and CPD, as well as Assistant U.S. Attorneys Doug Squires and Deborah Solove, who prosecuted the case.
  • Paul Merrell on 01 Sep 14
     
    Thanks for keeping us safe, Officer Dean. Related: http://www.dispositionservices.dla.mil/leso/Pages/default.aspx (DoD section1033 law enforcement donation program) and http://www.law.cornell.edu/uscode/text/10/2576a ("Notwithstanding any other provision of law and subject to subsection (b), the Secretary of Defense may transfer to Federal and State agencies personal property of the Department of Defense, including small arms and ammunition, that the Secretary determines is- (A) suitable for use by the agencies in law enforcement activities, including counter-drug and counter-terrorism activities; and (B) excess to the needs of the Department of Defense.") 
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Blackwater Guards Found Guilty in 2007 Iraq Killings - NYTimes.com - 0 views

www.nytimes.com/...blackwater-verdict.html war & peace Iraq Blackwater criminal-prosecution convictions
shared by Paul Merrell on 23 Oct 14 - No Cached
  • Four former Blackwater Worldwide security guards were convicted and immediately jailed Wednesday for their roles in a deadly 2007 shooting in Baghdad’s Nisour Square that marked a bloody nadir in America’s war in Iraq.A jury in Federal District Court found that the deaths of 17 Iraqis in the shooting, which began when a convoy of the guards suddenly began firing in a crowded intersection, was not a battlefield tragedy, but the result of a criminal act.The convictions on murder, manslaughter and weapons charges represented a legal and diplomatic victory for the United States government, which had urged Iraqis to put their faith in the American court system. That faith was tested repeatedly over seven years as the investigation had repeated setbacks, leaving Iraqis deeply suspicious that anyone would be held responsible for the deaths.
  • One defendant, Nicholas A. Slatten, a sniper who the government said fired the first shots, was convicted of murder. The others — Dustin L. Heard, Evan S. Liberty and Paul A. Slough — were convicted of voluntary manslaughter and using a machine gun to carry out a violent crime. A fifth contractor, Jeremy Ridgeway, previously pleaded guilty to manslaughter and cooperated with prosecutors.Jurors could not reach verdicts on several of the counts against Mr. Heard, but that will have little bearing on the sentencing. The machine-gun charges carry mandatory 30-year minimum prison sentences, more than the manslaughter charges. Mr. Slatten faces possible life in prison. No sentencing date has been set.
  • The trial was an epilogue to the story of Blackwater, which began as a police- and military-training facility in North Carolina and came to symbolize the country’s outsourcing of its wartime responsibilities.About 1,000 of Blackwater’s contractors guarded diplomats in Iraq. Others loaded bombs onto Predator drones. The company’s founder, Erik Prince, tapped retired Central Intelligence Agency officials for executive positions, and at one point, the C.I.A. hired Blackwater contractors to covertly track and kill Qaeda operatives worldwide, a program that was shelved before any killings were conducted. While the company’s security guards were involved in scores of shootings in Iraq, it was the 2007 incident in Nisour Square that helped cement Blackwater’s image as a company that operated with impunity because of its lucrative contracts with the American government. The company became the subject of several Justice Department investigations, all of which the company and its executives survived. But ultimately, public outrage over the shooting contributed to Blackwater’s demise. It lost its contracts and was renamed, sold and renamed again.
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  • The criminal trial raised novel legal issues, and the case is expected to wind through the appellate courts for a year or more. One issue — whether the Justice Department had jurisdiction to bring the case at all — could undo the entire case.Under federal law, the government has jurisdiction for overseas crimes committed by defense contractors or those supporting the Pentagon’s mission. Blackwater was working for the State Department, a distinction that jurors concluded did not matter but which has not been tested.
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Obama concedes NSA bulk collection of phone data may be unnecessary | World news | theg... - 0 views

www.theguardian.com/...lection-phone-data-unnecessary surveillance state 215-metadata metadata NSA Obama NSA-reform Snowden indictment amnesty
shared by Paul Merrell on 22 Dec 13 - No Cached
  • President Barack Obama has conceded that mass collection of private data by the US government may be unnecessary and said there were different ways of “skinning the cat”, which could allow intelligence agencies to keep the country safe without compromising privacy. In an apparent endorsement of a recommendation by a review panel to shift responsibility for the bulk collection of telephone records away from the National Security Agency and on to the phone companies, the president said change was necessary to restore public confidence. “In light of the disclosures, it is clear that whatever benefits the configuration of this particular programme may have, may be outweighed by the concerns that people have on its potential abuse,” Obama told an end-of-year White House press conference. “If it that’s the case, there may be a better way of skinning the cat.”
  • Though insisting he will not make a final decision until January, this is the furthest the president has gone in backing calls to dismantle the programme to collect telephone data, a practice the NSA claims has legal foundation under section 215 of the Patriot Act. This week, a federal judge said the program “very likely” violates the US constitution. “There are ways we can do this potentially that give people greater assurance that there are checks and balances, sufficient oversight and transparency,” Obama added. “Programmes like 215 could be redesigned in ways that give you the same information when you need it without creating these potentials for abuse. That’s exactly what we should be doing: to evaluate things in a very clear specific way and moving forward on changes. And that’s what I intend to do.”
  • The president would not comment on a suggestion last weekend by Richard Ledgett, the NSA official investigating the Snowden leaks, that an amnesty might be appropriate in exchange for the return of the data Snowden took from the agency. Obama said he could not comment specifically because Snowden was “under indictment”, something not previously disclosed. While the Justice Department filed a criminal complaint against Snowden on espionage-related charges in June, there has been no public subsequent indictment, although it is possible one exists under gag order. The Justice Department referred comment on a Snowden indictment to the White House. Caitlin Hayden, the chief spokeswoman for the White House National Security Council, clarified that Obama was referring to the criminal complaint against Snowden. It remains unclear if there is an indictment under seal. 
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  • The president also went further than his review panel in suggesting the US needed to rein in its overseas surveillance activities. “We have got to provide more confidence to the international community. In a virtual world, some of these boundaries don’t matter any more,” he said. “The values that we have got as Americans are ones that we have to be willing to apply beyond our borders, perhaps more systematically than we have done in the past.”
  • Conspicuously, Obama declined to rebut one assessment from his surveillance review group – that the bulk collection of US call data was not essential to stopping a terrorist attack. Instead, he contended that there had been “no abuse” of the bulk phone data collection. But in 2009, a judge on the secret surveillance court prevented the NSA from searching through its databases of US phone information after discovering “daily violations” resulting from NSA searches of Americans’ phone records without reasonable suspicion of connections to terrorism. That data was inaccessible to the NSA for almost all of 2009, before the Fisa court was convinced the NSA had sufficient safeguards in place for preventing similar violations
  • In another indication of the shifting landscape on surveillance, the telecoms giant AT&T announced on Friday that it will begin publishing a semi-annual report about its complicity with government surveillance requests. AT&T followed its competitor Verizon, which announced a similar move on Thursday.
  • The first such report is expected for early 2014, Watts said. While technology firms like Yahoo and Google have pushed for greater transparency about providing their customer data to the government, the telecommunications firms – which have cooperated with the NSA since the agency’s 1952 inception – did not join them before the events of the past week.
  • Paul Merrell on 22 Dec 13
     
    Movement on the NSA. Obama hints that the NSA's section 215 metadata collection will end, fesses up that Snowden has been criminally indicted, but declines to discuss whether Snowden might be pardoned in exchange for turning over his NSA document collection, notably not ruling it out. And finally, two of the giant telcos, AT&T and Verizon, have announced intent to do semi-annual public reports on their collaboration with government spy agencies. Amazing what a federal court decision can do, particularly when immediately followed by the president's own blue-ribbon panel report, both holding that the section 215 program has resulted in no terrorist attacks being prevented and that the program in unconstitutional. Obama finally reaches his tipping point. A good week for civil libertarians.   
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Cops And Second Chances In America | Popehat - 0 views

www.popehat.com/19591 police misconduct perjury civil liberties bad-cops
shared by Paul Merrell on 28 Aug 13 - No Cached
  • Officer Rush's arguments were ultimately rejected: Karla Rush, an officer based in East Oakland, faced especially severe charges. Of the 40 search warrants she had filed between March of 2007 and August 2008, 39 were fraudulent. Rush claimed that her misconduct was the result of poor training, but an arbitrator rejected her assertion, saying, "telling the truth is not a matter of training," according to court documents.
  • But isn't this America? Isn't Karla Rush an American? Isn't America a place where people like Carlos Danger get second chances? Yes. Yes it is. So Karla Rush — fired for multiple fraudulent search warrant applications — is employed as a law enforcement officer again. Maybe this isn't a shock to you. The criminal justice system decides to rely upon (and often conceal the misconduct of) dirty cops all the time. Just look at cops like Armando Saldate, Jr. in Arizona. Karla Rush probably got re-hired by some ultra-conservative small town department in some red state, right?
  • Yep. That's right. UC Berkeley — the hobgoblin of conservatives, the famously nutty liberal enclave — re-hired a police officer fired for filing fraudulent search warrants. After all, what's important in hiring a police officer?
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  • Now, citizen, if you're concerned that misconduct is too easily forgiven and ignored in our society, take heart: the vast majority of people who get in serious trouble experience life-altering consequences that prevents them from ever getting similar jobs again, even after any draconian criminal sentences. Felony convictions, for instance, reliably keep people out of most positions of responsibility, not to mention housing, loans, youth activities, etc. So don't worry: the class of people who can commit grave misconduct with few long-term consequences is usually limited to law enforcement and, you know, banks and stuff. We want to be safe, right? So why should it bother us that, even in hotbeds of "liberalism," law enforcement misconduct generates little more than a shrug? Why should we be concerned that the "left" — once reliably protective of the rights of the accused — is now often a mouthpiece for "law and order" and contemptuous of the rights of the accused?
  • Paul Merrell on 28 Aug 13
     
    The author, Ken White, is a former U.S. Dept. of Justice criminal prosecutor, a Libertarian, but he plays no favorites; he's also a civil libertarian and a leader in protection of First Amendment rights. He's one of my favorite bloggers. He has a real gift for sarcasm, which shines all over this gem. Well worth the read; this is a shining example of exemplary writing.
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The Blotch on Eric Holder's Record: Wall Street Accountability | The Nation - 0 views

www.thenation.com/...ord-wall-street-accountability financial-collapse DoJ Holder too-big-to-jail banksters
shared by Paul Merrell on 25 Sep 14 - No Cached
  • Attorney General Eric Holder will announce Thursday he is stepping down from the post he has held for nearly six years—making him one of the longest-serving attorneys general in American history. Holder was the first African-American to hold the position and will surely be remembered as a trailblazer for civil rights.
  • But there is one area where Holder falls woefully short: prosecution of Wall Street firms and executives. He came into office just months after widespread fraud and malfeasance in the financial sector brought the American economy to its knees, and yet no executive has faced criminal prosecution. Beyond the crash, Holder established a disturbing pattern of allowing large financial institutions escape culpability. “His record is really badly blemished by his nearly overwhelming failure to hold corporate criminals accountable,” said Robert Weissman, president of Public Citizen. “Five years later, we can say he did almost nothing to hold the perpetrators of the crisis accountable.”
  • Advocates for financial accountability often point to the Savings and Loan crisis as a counter-example: despite much smaller-scale fraud, 1,000 bankers were convicted in federal prosecutions and many went to prison. Holder has tried to explain his lack of prosecutions relating to the 2008 collapse by claiming the cases were too hard to prove—but many experts disagree. The Sarbanes Oxley Act, for example, would provide a straightforward template: it makes it a crime for executives to sign inaccurate financial statements, and there is ample evidence that Wall Street CEOs were aware of the toxicity of the sub-prime mortgages sold by their firms.
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  • Late last year, Judge Jed Rakoff of the Federal District Court of Manhattan wrote an essay in The New York Review of Books bluntly titled, “The Financial Crisis: Why Have No High-Level Executives Been Prosecuted?” He suggested a doctrine of “willful blindness” at Holder’s Justice Department and said “the department’s claim that proving intent in the financial crisis is particularly difficult may strike some as doubtful.” A federal judge will generally not proclaim people guilty outside the courtroom, but Rakoff came close with that statement. The fact he wrote the essay at all stunned many observers. In recent years, the Justice Department has obtained some large-dollar settlements with Wall Street firms like JPMorgan Chase and Bank of America. But the headline-grabbing amounts end up being significantly less after factoring in tax accounting and credits for actions already being undertaken by the bank. There is also a lack of transparency around how these penalties are being paid to aggrieved consumers. Holder himself suggested in Senate testimony last year that some firms really are too big to jail:
  • “I am concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them when we are hit with indications that if you do prosecute, if you do bring a criminal charge, it will have a negative impact on the national economy, perhaps even the world economy,” Holder said. He later walked that back in subsequent testimony, saying “Let me be very, very, very clear. Banks are not too big to jail.” But the data suggest otherwise.
  • Public Citizen did an analysis of these agreements at the Department of Justice and found that Holder made them a routine affair:
  • There isn’t much transparency over which bad actors are awarded deferred prosecution, and which are not, and advocates are alarmed by the precedent. “[Holder] ensconced the de facto ‘too-big-to-fail’ doctrine by which large financial institutions were effectively immunized form criminal prosecution simply by virtue of being so big,” said Weissman.
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Covington & Burling Gets Eric Holder Back After 6-Year Stopover - 0 views

firstlook.org/...rns-law-firm-lobbies-big-banks banksters too-big-to-jail Holder revolving-door
shared by Paul Merrell on 07 Jul 15 - No Cached
  • After failing to criminally prosecute any of the financial firms responsible for the market collapse in 2008, former Attorney General Eric Holder is returning to Covington & Burling, a corporate law firm known for serving Wall Street clients. The move completes one of the more troubling trips through the revolving door for a cabinet secretary. Holder worked at Covington from 2001 right up to being sworn in as attorney general in Feburary 2009. And Covington literally kept an office empty for him, awaiting his return. The Covington & Burling client list has included four of the largest banks, including Bank of America, Citigroup, JPMorgan Chase and Wells Fargo. Lobbying records show that Wells Fargo is still a client of Covington. Covington recently represented Citigroup over a civil lawsuit relating to the bank’s role in Libor manipulation.
  • Covington was also deeply involved with a company known as MERS, which was later responsible for falsifying mortgage documents on an industrial scale. “Court records show that Covington, in the late 1990s, provided legal opinion letters needed to create MERS on behalf of Fannie Mae, Freddie Mac, Bank of America, JPMorgan Chase and several other large banks,” according to an investigation by Reuters. The Department of Justice under Holder not only failed to pursue criminal prosecutions of the banks responsible for the mortage meltdown, but in fact de-prioritized investigations of mortgage fraud, making it the “lowest-ranked criminal threat,” according to an inspector general report. For insiders, the Holder decision to return to Covington was never a mystery. Timothy Hester, the chairman of Covington, told the National Law Journal that Holder’s return to the firm had been “a project” of his ever since Holder left to the join the administration in 2009. When the firm moved to a new building last year, it kept an 11th-story corner office reserved for Holder.
  • Holder’s critics charge that he made a career out of institutionalizing “Too Big to Prosecute” rules within the department. In 1999, as a deputy attorney general, Holder authored a memo arguing that officials should consider the “collateral consequences” when prosecuting corporate crimes. In 2012, Holder’s enforcement chief, Lanny Breuer, admitted during a speech to the New York City Bar Association that the department may go easy on certain corporate criminals if they believe prosecutions may disrupt financial markets or cause layoffs. “In some cases, the health of an industry or the markets are a real factor,” Breuer said. Rather than face accountability for their failures, the incentive structure of modern Washington is designed to reward both men. Breuer left the department in 2013 to rejoin Covington. Holder is set to become among the highest-earning partners at the firm, with compensation in the seven or eight figures.
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Alt Thai News Network ATNN : Thailand: Next Anti-Regime Rally - January 13, 2014 - 0 views

altthainews.blogspot.com/...anti-regime-rally-january.html banksters Thailand Carlyle-Group corruption
shared by Paul Merrell on 08 Jan 14 - No Cached
  • In protest of unelected dictator Thaksin Shinawatra and his proxy regime led by his own nepotist-appointed sister Yingluck Shinawatra, anti-regime protesters plan to shut down Thailand's capital of Bangkok starting on Monday, January 13, 2014.  The necessity of continued mass mobilizations is due in part to the current regime's immense foreign backing - including across the West's mass media who continue to claim Thaksin Shinawatra's rule is legitimate despite him being a convicted criminal hiding abroad and openly running the country through a series of nepotist proxies which have included both his brother-in-law and now sister. While unthinkable and unacceptable in any other country, news fronts such as the BBC, New York Times, CNN, Reuters, AP, AFP and others insist that this cartoonish, criminal arrangement is somehow representative of "democracy" in Thailand.  The New York Times, despite defending what is by all measures an absurd abuse of the principles of representative governance, would even report in its article titled, "In Thailand, Power Comes With Help From Skype," that:  For the past year and a half, by the party’s own admission, the most important political decisions in this country of 65 million people have been made from abroad, by a former prime minister who has been in self-imposed exile since 2008 to escape corruption charges. 
  • The country’s most famous fugitive,Thaksin Shinawatra, circles the globe in his private jet, chatting with ministers over his dozen cellphones, texting over various social media platforms and reading government documents e-mailed to him from civil servants, party officials say.  It might be described as rule by Skype. Or governance by instant messenger, a way for Mr. Thaksin to help run the country without having to face the warrant for his arrest in a case that many believe is politically motivated. There is no question that an accused mass murderer and convicted criminal hiding abroad from a 2 year jail sentence, multiple arrest warrants, and a long list of pending court cases, is illegally running Thailand by proxy.  Of course, just as a convicted criminal running America or England via Skype would be a laughable prospect entirely unacceptable by Americans or English, likewise, it is unacceptable in Thailand. The sham elections the regime is planning for February 2, 2014 which have Thaksin Shinawatra's sister and brother-in-law once again at the top of the candidate list, have already been boycotted by all opposition parties, leaving the regime alone posting campaign posters along Thailand's roads, reminiscent of scenes of sham elections carried out in North Korea. 
  • Who is Thaksin Shinawatra and Why do People Detest Him?
  • Paul Merrell on 08 Jan 14
     
    Long list of crimes and sins committed further down in the article. The Thai protest demonstrations have been massive of late. A group of U.S.-based banksters and other corporate interests have been plucking the Thai economy down to bare skin. 
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Defending Dissent » New Docs Show Army Coordinated Spy Ring - 1 views

www.defendingdissent.org/...army-spy-ring surveillance state Army fusion-centers litigation
shared by Paul Merrell on 30 May 14 - No Cached
  • Army illegally supplied  intelligence on nonviolent antiwar protesters to FBI and police in multiple states Tacoma, WA – Recently obtained public records confirm an Army-led, multi-agency spy network that targeted “leftists/anarchists” as domestic terrorists. The Army used illegal infiltration to gather information on nonviolent antiwar protesters, disseminate it to the FBI and police departments in multiple states, and in some cases used it to disrupt planned protests by preemptively and falsely arresting activists. Public records obtained last month by Olympia activist Paul French reveal new evidence in the widely-watched Army spying case Panagacos v. Towery. An email from November 2007, in particular, shows that intelligence analyst John J. Towery was paid by the Army to infiltrate political groups and share unlawfully obtained intelligence with a growing network of law enforcement agencies, including the FBI, and police departments in Los Angeles, Portland, Eugene, Everett, and Spokane. The Towery email not only represents a broader spying program than previously thought, it also confirms the program was led by the Army, a fact contradicted by Towery’s 2009 sworn statements.
  • “The latest revelations show how the Army not only engaged in illegal spying on political dissidents, it led the charge and tried to expand the counterintelligence network targeting leftists and anarchists,” said Larry Hildes, a National Lawyers Guild attorney who filed the Panagacos lawsuit in 2010. “By targeting activists without probable cause, based on their ideology and the perceived political threat they represent, the Army clearly broke the law and must be held accountable.” Previously obtained public records indicate that absent such accountability, the Army will continue to spy on and target protesters, which it did until at least 2010, long after Towery’s identity was exposed. Public records previously obtained in 2009 already established that over a two-year period beginning in 2006, Towery (under the alias “John Jacob”) spied on the Olympia antiwar group Port Militarization Resistance (PMR) as well as several other organizations, including Students for a Democratic Society, the Industrial Workers of the World, and Iraq Veterans Against the War. It has also already been established that Towery’s intelligence was passed on to the Washington State Fusion Center, a communications hub of  local, state and federal law enforcement, and then used by local police to target activists for repeated harassment, preemptive and false arrest, excessive use of force, and malicious prosecution
  • The recently disclosed Towery email was a follow-up to a 2007 Domestic Terrorism Conference he attended in Spokane, during which “domestic terrorist” dossiers on some of the Panagacos plaintiffs were distributed. The Towery email shows the development of a multi-agency spying apparatus in intimate detail. “I thought it would be a good idea to develop a leftist/anarchist mini-group for intel sharing and distro,” wrote the Army analyst to several law enforcement officials. Towery references books, “zines and pamphlets,” and a “comprehensive web list” as source material, but cautions the officials on file sharing “because it might tip off groups that we are studying their techniques, tactics and procedures.” Towery, who worked at Joint Base Lewis-McChord, not only coordinated his actions with local, state and federal law enforcement agencies, many of whom are named defendants in the Panagacos case, he also admitted to eavesdropping on a confidential, privileged attorney-client email listserv of criminal defendants and their legal counsel. Such conduct is considered a constitutional violation, but Towery also took sensitive information from the listserv vital to a pending criminal trial in 2007 and passed it on to fusion center officials who then transmitted it to prosecutors, forcing a mistrial in a case the defense was winning handily. The case was later dismissed for prosecutorial misconduct.
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  • The public records disclosure comes as government spying and criticism of the National Security Agency’s surveillance program has reached a fever pitch. However, a little-known and rarely, if ever, enforced law from 1878 distinguishes the spying under Panagacos from that of the NSA. The Posse Comitatus Act prohibits the military from enforcing domestic laws on U.S. soil by making such actions a Gross Misdemeanor, yet to-date no official has been prosecuted under the Act. Instead of conceding to the violations, the Army is currently using the Panagacos case to try to seal nearly 10,000 pages of documents, many of which are incriminating and embarrassing to the government. The legal effort to unseal those documents will play out over the next few weeks. The Obama Administration tried to dismiss the Panagacos lawsuit, but in a Ninth Circuit decision from December 2012 the court rejected the government’s arguments, ruling that allegations of First and Fourth Amendment violations were “plausible,” and ordered the case to proceed to trial. The lawsuit was filed on behalf of seven PMR members who sought to oppose the wars in Iraq and Afghanistan through nonviolent civil disobedience and is being heard by U.S. District Court Judge Ronald B. Leighton. In addition to Towery, named defendants in Panagacos include Thomas Rudd, one of Towery’s superiors at Joint Base Lewis-McChord, the U.S. Army, Navy, and Coast Guard, as well as certain officials within its ranks, the City of Olympia and its police department, the City of Tacoma and its police department, Pierce County, and various personnel from those jurisdictions.
  • Panagacos v. Towery is currently in the discovery stage and is scheduled to go to trial in June 2014. Further information: Recently disclosed Towery email Panagacos lawsuit complaint Domestic terrorism dossiers on plaintiffs
  • Paul Merrell on 30 May 14
     
    One I had missed from February, 2014. I believe I had bookmarked something about this before the lawsuit was filed. Now not only has the case been filed but the alleged grounds for the lawsuit have been greenlighted by the 9th U.S. Circuit Court of Appeals. If you click through the link to the court's opinion, you'll find one of the Ninth Circuit's shorter opinions, less than five pages, which does not even mention that the defendants were employed by the U.S. Army or any branch of government, while still rejecting their claim of government officials' qualified immunity from suit for the alleged First and Fourth Amendment violations. The third amended complaint sufficiently alleged facts to support claims that had been clearly established as violative of the First and Fourth Amendments.   It's clear that the plaintiffs have smoking gun evidence and that the National Lawyers' Guild is all over this one. Trial is scheduled next month, according to the article. It's just under 300 miles from here to Seattle, but I just might make the trip to watch a few days of this trial. Strong First Amendment cases for damages that survive appellate review of the qualified immunity nearly always settle before trial. But this one smells like it is going to trial for publicity purposes even if not for the vindication of rights, considering the nature of the organizations involved both as targets of the surveillance and their lawyers. It's great entertainment watching government guys and gals squirm on the witness stand when they've been caught violating civil rights. In criminal cases, invoking the Fifth Amendment right against self-incrimination cannot be taken as evidence of guilt. But in a federal civil rights case, that entitles the plaintiffs to have the jury instructed that it can infer liability from the resort to the Fifth Amendment to refuse answering questions.  Better back in the day when I was the lawyer asking the questions. But it's still great fun just to watch
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Pakistan Charges CIA Officials Over Drone Deaths | Al Jazeera America - 0 views

america.aljazeera.com/...-lawyer-over-drone-deaths.html war & peace drone attacks Pakistan murder-charges CIA U.S.-foreign-policy
shared by Paul Merrell on 08 Apr 15 - No Cached
  • A Pakistani judge on Tuesday ordered criminal charges to be filed against a former CIA lawyer who oversaw the agency’s drone program and a former station chief in Islamabad over a 2009 strike that killed two people. Former acting general counsel John A. Rizzo and former station chief Jonathan Bank must face charges of murder, conspiracy, waging war against Pakistan and terrorism, ruled Justice Shaukat Aziz Siddiqui of the Islamabad High Court. A court clerk and a lawyer involved in the case, Mirza Shahzad Akbar, confirmed details of the ruling. Rizzo and Bank could not be immediately reached for comment. The CIA declined to comment when contacted by Al Jazeera America. Bank’s cover was blown in late 2010 when a Pakistani man, Kareem Khan, threatened to sue the CIA and others for $500 million over the deaths of his sons Zaenullah Khan and Asif Iqbal in a Dec. 31, 2009, strike in the North Waziristan tribal region.
  • As the outrage over the deaths grew, protesters in Islamabad began carrying placards bearing Bank's name, as listed in the lawsuit, and urging him to leave the country. The CIA pulled Bank from the country on Dec. 16, 2010, when he began receiving death threats. His outing spurred questions at the time of whether Pakistan's spy service might have leaked the information, something Islamabad denied. The disclosure didn't prevent Bank from landing another sensitive job. He became chief of the Iran operations division at CIA headquarters in Virginia. He was removed from that post after CIA officials concluded that he created a hostile work environment in the division. He has since been detailed to the Pentagon's intelligence arm.   Rizzo was the CIA's acting general counsel overseeing its drone program. He later left the agency and wrote a book about his experiences at the CIA.  
  • It is estimated that since 2004, the U.S. has carried out over 400 drone strikes in the country, killing anywhere from 421 to 960 civilians, according to the Bureau of Investigative Journalism, which tracks the U.S. campaign. The foundation says the last U.S. drone strike in Pakistan was on Jan. 29 and killed at least six suspected fighters. It is not clear how the judge's ruling will affect relations between Pakistan and the U.S., especially over the drone program. While Pakistan's government often decries the strikes, many believe it allows them to target the insurgents who threaten it. Massive protests against the drone program previously blocked a land route used by NATO forces to resupply troops in neighboring Afghanistan.   Any legal action stands no chance of success unless U.S. officials cooperate with the court, something highly unlikely, given the secretive nature of the drone program, which the CIA rarely publicly discusses.
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  • Under the judge's order, Pakistan's federal police force must file the charges against Rizzo and Bank, though the police have so far refused, reportedly out of a reluctance to upset the country's diplomatic relations with the U.S.
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Articles: A Property Rights Revolution for 2013 - 0 views

www.americanthinker.com/...ights_revolution_for_2013.html Property-Rights Property-Seizure-AND-Redistribution-of-Wealth
shared by Gary Edwards on 11 Feb 13 - No Cached
  • Gary Edwards on 11 Feb 13
     
    Very interesting article on property rights in Virgina, and the how local citizens are fighting against government politicians and their kleptocracy to protect those rights......... excerpt: "A previously apolitical organic farmer in Virginia has set off a property rights revolution that would make Founders Thomas Jefferson, James Madison, and author of Virginia's Declaration of Rights George Mason proud. Martha Boneta had a business license for her tiny farm store in scenic Paris, Virginia, yet she was threatened with fines of up to $5,000 per violation per day for selling organic tea and wool products crafted from her rescued animals, and for hosting a birthday party for eight 10-year-old girls. Officials from Fauquier County using zoning ordinances to bully Mrs. Boneta never obtained a warrant nor set foot on her property to gather actual evidence.  Instead a county bureaucrat relied on unscrupulous, unlawful methods to make these charges against Mrs. Boneta.  Her store remains closed out of fear of further uncertain charges carrying even criminal penalties.  The bullying bureaucrat ignored due process of law and American rules of evidence because she thinks she is the law, which is a common phenomenon used to intimidate citizens into forfeiting their rights. The county also tried to cite Martha for having a boarding facility without a permit.  It appears that the county did not like the fact that she and Christian college students interning on Spring Break openly prayed over the crops and farm animals.  To cure this government lawbreaking and protect farm rights, Delegate Scott Lingamfelter introduced H.B. 1430, the Boneta Bill, to amend the Virginia Right to Farm Act.  As introduced, the bill would have done three things: (1) clarify that the flawed, toothless Right to Farm Act protects farmers' commerce, (2) expressly protect constitutional rights on farms, and (3) provide remedies against local government officials who violate the Right to Farm Act."
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Google News - 0 views

news.google.com/?ar=1375391426 Libertarians freedom-liberty freedom-tyranny authoritarianism-individual-liberty
shared by Gary Edwards on 01 Aug 13 - No Cached
  • Gary Edwards on 01 Aug 13
     
    WOW!!! Incredible presentation concerning the history of Freedom vs. Tyranny. WOW!! If ever there's a MUST Watch, this is it. Very impressive and sweeping comparison of how authoritarian collectivist seize power in a free society and establish their tyrannies. My notes are listed below: How to recognize potential tyrants and keep them from seizing power. The urge to save humanity is always used to justify those who want to rule humanity. - ML Menken Daniel Webster on the Constitution Obstacles to Tyranny : Limited powers of government .... Due Process .... Presumption of Innocence .... Freedom to Dissent .... Armed Populace: The right to be Armed! Due Process .... 5th Amendment .... Emergency powers. there is no authorization in the US Constitution to suspend Due Process or any aspect of the Bill of Rights .... Asset Seizure Laws for criminal activities (alleged - without warrant or court order) .... Eminent Domain: seizure of private property for government uses: 2005 Kelo vs New London seizure based on jobs (economy) and tax revenue possibilities. .... 6th Amendment - right to trial by jury : plea bargaining admonition based on facing the awesome power of the government to prosecute no matter what - intimidation and threat of personal destruction. .... Forced confessions through plea bargaining. .... Indefinite detention without trial or charges: President has power to kill or issue orders without warrant, charges or trial .... Presumption of Innocence: Probable Cause .... Random stops at Border check points. 5th Amendment protections violated .... Sobriety Check Points: 4th and 5th Amendments violated - no presumption of innocence .... Random detention and questioning: airport security pat downs, housing projects, bus transportation .... The Right to Privacy: financial transactions and the IRS audit (without warrant or accusation) .... Warrant-less Spying .... Agents writing their own search warrants .... Snatch and Peek Freedom to Disse
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The Gibson Guitar Raid - HUMAN EVENTS - 1 views

www.humanevents.com/article.php Gibson-Guitar DOJ-Gestapo government-regulation
shared by Gary Edwards on 31 Aug 11 - No Cached
  • Gary Edwards on 31 Aug 11
     
    The Justice Department raided the Gibson Guitar factory in Nashville on Wednesday morning.  From a Gibson press release: On August 24, 2011, around 8:45 a.m. CDT, agents for the federal government executed four search warrants on Gibson's facilities in Nashville and Memphis and seized several pallets of wood, electronic files and guitars. Gibson had to cease its manufacturing operations and send workers home for the day, while armed agents executed the search warrants. Gibson has fully cooperated with the execution of the search warrants. This actually happened once before: In 2009, more than a dozen agents with automatic weapons invaded the Gibson factory in Nashville. The Government seized guitars and a substantial amount of ebony fingerboard blanks from Madagascar. To date, 1 year and 9 months later, criminal charges have NOT been filed, yet the Government still holds Gibson's property. Why is the Justice Department invading Gibson's factory and seizing its property, without filing any charges?  Do they think illegal materials might be hidden inside the guitars?  Or, given recent history, were they trying to hide illegal guns inside guitars headed for Mexico? No, this is all about the wood the guitars are made from.  As the Wall Street Journal explains:
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Israel threatens to expel U.N. envoy over Qatar cash for GAZA - Al Arabiya News - 0 views

english.alarabiya.net/...over-Qatar-cash-for-GAZA-.html war & peace Gaza Hamas Israel U.N.-envoy-expulsion
shared by Paul Merrell on 25 Jul 14 - No Cached
  • Israel's foreign minister has threatened to expel the U.N.'s special envoy for offering to help transfer Qatari funds to the Gaza Strip, Channel Two television reported. Avigdor Lieberman said Robert Serry, the world body's special envoy on the Middle East peace process, had first tried to convince the Palestinian Authority (PA) to transfer $20 million (14.7 million euros) from Qatar to resolve a pay crisis for Hamas employees in Gaza, the broadcaster reported Saturday. But after Palestinian president Mahmoud Abbas refused to do so, the rightwing ultra-nationalist Lieberman charged, Serry proposed U.N. help in making the transfer.
  • Israel's foreign minister has threatened to expel the U.N.'s special envoy for offering to help transfer Qatari funds to the Gaza Strip, Channel Two television reported. Avigdor Lieberman said Robert Serry, the world body's special envoy on the Middle East peace process, had first tried to convince the Palestinian Authority (PA) to transfer $20 million (14.7 million euros) from Qatar to resolve a pay crisis for Hamas employees in Gaza, the broadcaster reported Saturday. But after Palestinian president Mahmoud Abbas refused to do so, the rightwing ultra-nationalist Lieberman charged, Serry proposed U.N. help in making the transfer.
  • Serry rejected the allegations, saying in a statement that the Palestinian authority had approached him "informally" on the matter. "In considering any U.N. role on the issue of payments of salaries in Gaza that has potentially destabilising effects on security in Gaza, I made it clear that we would only be able to be of assistance if acceptable to all stakeholders, including Israel," he added. Israel had been kept informed of all the discussions, he insisted.
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  • Lieberman told AFP he was seeking an "urgent meeting" on Sunday about the row in which Israeli television reported the foreign minister would propose that Serry be declared persona non grata in Israel. "We look upon Robert Serry's behaviour with the utmost seriousness, and strong measures will be imposed," Israeli foreign ministry spokesman Yigal Palmor told AFP. "The foreign ministry issues diplomatic visas and can also withdraw them," he added.
  • Paul Merrell on 25 Jul 14
     
    For many years, Israel has taxed Gaza residents, then paid the Gaza government the collected taxes. But Israel began reducing the payments then finally cut it off entirely. Doctors and medical staff in Gaza have had no pay for five months and had been on half-pay for eight months prior to that. Before the rockets began flying, medical supplies and equipment in Gaza were already severely depleted.  Qatar wants to send Gaza $20 million so the Gaza government employees can be paid. Now Israel threatens to expel the special U.N. envoy for the Mideast Peace Process because he offered to transfer the funds.  The Israeli hubris explodes in faux anger. Not a bright move because Gaza and the West Bank are classified as Occupied Territories Israel under the Fourth Geneva Convention. As the occupying power, Israel is required to maintain the elected Gaza government and is responsible for the well being of all Gaza residents. But Israel has been ignoring U.N. decisions including Security Council decisions from the moment the Israeli government was formed in 1948.   Making an enemy of the international human rights officials will prove doubly dumb when Israeli officials are inevitably seated in the dock of the International Criminal Court facing charges for war crimes, crimes against peace, and crimes against humanity. Human rights lawyers and judges pull no punches.   
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Seize First, Question Later: The Institute for Justice's New Report on the IRS' Abusive... - 0 views

www.cato.org/...busive-civil-forfeiture-regime IRS CATO-Institute Libertarian
shared by Gary Edwards on 07 Feb 15 - No Cached
  • Gary Edwards on 07 Feb 15
     
    "Federal civil forfeiture laws give the Internal Revenue Service the power to clean out bank accounts without charging their owners with any crime. Making matters worse, the IRS considers a series of cash deposits or withdrawals below $10,000 enough evidence of "structuring" to take the money, without any other evidence of wrongdoing. Structuring-depositing or withdrawing smaller amounts to evade a federal law that requires banks to report transactions larger than $10,000 to the federal government-is illegal, but more importantly, structured funds are also subject to civil forfeiture. Civil forfeiture is the government's power to take property suspected of involvement in a crime. Unlike criminal forfeiture, no one needs to be convicted of-or even a charged with-a crime for the government to take the property. Lax civil forfeiture standards enable the IRS to "seize first and ask questions later," taking money without serious investigation and forcing owners into a long and difficult legal battle to try to stop the forfeiture. Any money forfeited is then used to fund further law enforcement efforts, giving agencies like the IRS an incentive to seize. Data provided by the IRS indicate that its civil forfeiture activities for suspected structuring are large and growing…"
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Banking giant HSBC 'a criminal enterprise' - 0 views

www.wnd.com/...ant-hsbc-a-criminal-enterprise banksters HSBC money-laundering
shared by Paul Merrell on 25 Jun 13 - No Cached
  • The global banking giant HSBC is a “criminal” operation, charges a former officer for the company’s southern New York region in a video interview with WND. John Cruz, a former vice president and relationship manager, has turned over to WND more than 1,000 pages of documents, including customer account ledgers for dozens of companies through which, he charges, the financial institution was laundering money each month.
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Goldman Non-Prosecution: AG Eric Holder Has No Balls | Matt Taibbi | Rolling Stone - 0 views

www.rollingstone.com/...c-holder-has-no-balls-20120815 banksters criminals non-prosecution
shared by Paul Merrell on 17 Aug 12 - No Cached
  • I’ve been on deadline in the past week or so, so I haven't had a chance to weigh in on Eric Holder’s predictable decision to not pursue criminal charges against Goldman, Sachs for any of the activities in the report prepared by Senators Carl Levin and Tom Coburn two years ago. Last year I spent a lot of time and energy jabbering and gesticulating in public about what seemed to me the most obviously prosecutable offenses detailed in the report – the seemingly blatant perjury before congress of Lloyd Blankfein and other Goldman executives, and the almost comically long list of frauds committed by the company in its desperate effort to unload its crappy “cats and dogs” mortgage-backed inventory.
  • In the notorious Hudson transaction, for instance, Goldman claimed, in writing, that it was fully "aligned" with the interests of its client, Morgan Stanley, because it owned a $6 million slice of the deal. What Goldman left out is that it had a $2 billion short position against the same deal. If that isn’t fraud, Mr. Holder, just what exactly is fraud?
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Anglo Irish Bank Execs Face Trial In Dublin - 0 views

news.sky.com/...ank-execs-face-trial-in-dublin banksters Ireland criminal-prosecution financial-collapse
shared by Paul Merrell on 08 Feb 14 - No Cached
  • Three senior executives from the bank at the centre of Ireland's economic crash have gone on trial in Dublin. It is the first time Irish bankers have faced criminal charges for their alleged role in pushing the country's finances to the brink of collapse, prompting the bailout and austerity. Sean FitzPatrick, Pat Whelan and William McAteer arrived at court to deny 16 charges of unlawfully providing financial assistance to people for the purpose of buying shares in Anglo Irish Bank in 2008. They stand accused in Court 19 of the Courts of Criminal Justice of granting loans to favoured clients who, it is alleged, bought shares in the now defunct bank to prop up its share price during the credit crunch.
  • Nearly €30bn (£25bn) of Irish taxpayers' money was used to bailout Anglo Irish Bank in 2008 and to rescue it and the entire Irish banking sector from total collapse. The trial, involving 24 million documents and 800 witness statements, will be one of the most complex in the history of financial prosecutions in Europe. After the prosecution lays out its case in the biggest case in corporate history, more than 100 witnesses are expected to be called. The trial may last four months. Sean Quinn, once branded Ireland's richest man but forced to file for bankruptcy when his property empire collapsed, is among those expected to give evidence during the marathon trial.
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