Caught on Tape – SEC Director Grovels for a Private Equity Job for His Teenage Son While Speaking on Panel

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The following video clip will make you extremely sick to your stomach. Not that we didn’t already know the U.S. economy is nothing more than a rigged oligarch shell of its former self, but to see SEC Director of the Office of Compliance Inspections and Examinations, Andrew Bowden, grovel for a job for his son in front of a private equity industry audience certainly represents a new low.

If you recall, Andrew Bowden was first brought to your attention last year in the post, SEC Official Claims Over 50% of Private Equity Audits Reveal Criminal Behavior, which discussed how Mr. Bowden admitted in a talk that “more than 50 percent of private equity firms it has audited have engaged in serious infractions of securities laws.” This sort of honesty is never rewarded within a crony, corrupt economic system that depends so heavily on regulatory capture for riches. As such, he quickly recognized the gravity of his error, and has since decided to get on his hands and knees and pucker up to the private equity industry whenever possible.

Nowhere was this more apparent than at a recent event at Stanford Law School, where Mr. Bowden ended his resounding endorsement of the private equity industry by begging the audience to one day give his son a job. At this point the audience burst into laughter and someone can be clearly heard yelling “I would love to hire your son by the way.” More laughter.

The joke’s on us.

Watch the video below:

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The Pentagon Admits: The “War on Terror” Will Never End

It is hard to resist the conclusion that this war has no purpose other than its own eternal perpetuation. This war is not a means to any end but rather is the end in itself. Not only is it the end itself, but it is also its own fuel: it is precisely this endless war – justified in the name of stopping the threat of terrorism – that is the single greatest cause of that threat.

– Glenn Greenwald from his recent article:  Washington Gets Explicit: Its “War on Terror” is Permanent 

So last Thursday at a hearing held by the Senate Armed Services Committee, we found out what many of us already knew.  That the “war on terror” is never going to end.  Indeed, it was never supposed to end.  This never-ending “war” on a fantastical enemy provides the American oligarch class with too much money and too much power to ever make it worthwhile for the establishment to shut down.  It matters not to them that this civil liberties destroying fraud has been going on for my entire post-college life and, if they have their way, for the remainder of it.  It matters not to them that the “war on terror” itself has done more to destroy the Constitution and vital essence of this nation than any terrorist act ever could.  No, it matters very little indeed.  What matters to them is money and power, and the “war on terror” provides them with boatloads of both.

My favorite excerpts from Glenn’s article are below:

On Thursday, the Senate Armed Services Committee held a hearing on whether the statutory basis for this “war” – the 2001 Authorization to Use Military Force (AUMF) – should be revised (meaning: expanded). This is how Wired’s Spencer Ackerman (soon to be the Guardian US’s national security editor) described the most significant exchange:

“Asked at a Senate hearing today how long the war on terrorism will last, Michael Sheehan, the assistant secretary of defense for special operations and low-intensity conflict, answered, ‘At least 10 to 20 years.’ . . . A spokeswoman, Army Col. Anne Edgecomb, clarified that Sheehan meant the conflict is likely to last 10 to 20 more years from today – atop the 12 years that the conflict has already lasted. Welcome to America’s Thirty Years War.”

That the Obama administration is now repeatedly declaring that the “war on terror” will last at least another decade (or two) is vastly more significant than all three of this week’s big media controversies (Benghazi, IRS, and AP/DOJ) combined. The military historian Andrew Bacevich has spent years warning that US policy planners have adopted an explicit doctrine of “endless war”. Obama officials, despite repeatedly boasting that they have delivered permanently crippling blows to al-Qaida, are now, as clearly as the English language permits, openly declaring this to be so.

It is hard to resist the conclusion that this war has no purpose other than its own eternal perpetuation. This war is not a means to any end but rather is the end in itself. Not only is it the end itself, but it is also its own fuel: it is precisely this endless war – justified in the name of stopping the threat of terrorism – that is the single greatest cause of that threat.

In response, I wrote that the “war on terror” cannot and will not end on its own for two reasons: (1) it is designed by its very terms to be permanent, incapable of ending, since the war itself ironically ensures that there will never come a time when people stop wanting to bring violence back to the US (the operational definition of “terrorism”), and (2) the nation’s most powerful political and economic factions reap a bonanza of benefits from its continuation. Whatever else is true, it is now beyond doubt that ending this war is the last thing on the mind of the 2009 Nobel Peace Prize winner and those who work at the highest levels of his administration. Is there any way they can make that clearer beyond declaring that it will continue for “at least” another 10-20 years?

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