Tags: Banksters

The U.S. Department of Justice Handles Banker Criminals Like Juvenile Offenders…Literally

Screen Shot 2014-11-14 at 1.52.39 PMThese agreements were created 100 years ago to give juvenile defendants and first-time offenders a chance to for rehabilitate themselves. Only in the last 20 years have DPAs migrated to the field of corporate criminals, treating them like kids who’ve just gone down a bad path in life.

The Justice Department is leaning on these toothless agreements more and more. Of the DoJ’s 283 deferred prosecution agreements since 2000, half have come since 2010, Reilly found in a working paper for BYU Law Review.

Why has the DoJ been so keen on deferred prosecution since 2010? It coincides exactly with investigations into the 2008 financial crisis.

– From the Guardian article: In market-rigging case, US Justice Department treats corporate criminals like juvenile offenders

We all know by now that if you’re a woman with an overgrown lawn, a child walking by himself to the park, a homeless person, or someone feeding a homeless person, you’re a contemptible criminal in the eyes of the U.S. injustice system. As such, police and prosecutors will come down on you as hard as they possibly can. Subjecting you to the full and brutal force of the law, including jail sentences for non-crimes.

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Glenn Greenwald on Hilary Clinton: “Soulless, Principle-Free, Power Hungry…”

Screen Shot 2014-11-14 at 10.08.22 AMOne attribute I like most about Glenn Greenwald is that he never pulls punches. One of his most prescient and cutting political lines came earlier this year when he made some observations on the upcoming 2016 Presidential election, in which two status quo, corrupt, bloodthirsty con-artists will compete for the Oval Office. While we don’t yet know which crony the GOP will put up, Hilary is pretty much a foregone conclusion for the Democrats. Greenwald observed:

Hillary is banal, corrupted, drained of vibrancy and passion. I mean, she’s been around forever, the Clinton circle. She’s a fucking hawk and like a neocon, practically. She’s surrounded by all these sleazy money types who are just corrupting everything everywhere. But she’s going to be the first female president, and women in America are going to be completely invested in her candidacy. Opposition to her is going to be depicted as misogynistic, like opposition to Obama has been depicted as racist. It’s going to be this completely symbolic messaging that’s going to overshadow the fact that she’ll do nothing but continue everything in pursuit of her own power. They’ll probably have a gay person after Hillary who’s just going to do the same thing.

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Mega Banks Are Fined for Foreign Exchange Rigging – Now It’s Back To “Business as Usual”

Screen Shot 2014-11-12 at 12.11.39 PMFar from chastening the world’s biggest currency trading firms, the multi-billion dollar fines levied by regulators on Wednesday are more likely to draw a line under the affair and gradually allow a return to business as usual.

A year into a wide-ranging industry probe into charges that banks routinely fleeced clients over currencies, industry observers and politicians were frustrated by a deal they said showed the affair will end just with fines rather than any reform of what they say is the Wild West of financial markets.

– From the Reuters article: Banks pay up and carry on after FX fines

While many readers will have likely already heard about the latest slap on the wrist fine received by the mega banks with regard to FX rigging (which will only encourage more criminality), there are two reasons I want to add my two cents on the topic.

First, it’s an incredible admission of the level of lawlessness that society is willing to put up with, that Reuters so matter-of-factly admits that absolutely nothing will change despite mega banks once again being caught in extraordinarily unethical behavior.

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The Challenges of Defending Your Child’s Mind from Propaganda

Screen Shot 2014-10-23 at 11.13.40 AMIn great empires the people who live in the capital, and in the provinces remote from the scene of action, feel, many of them, scarce any inconveniency from the war; but enjoy, at their ease, the amusement of reading in the newspapers the exploits of their own fleets and armies. To them this amusement compensates the small difference between the taxes which they pay on account of the war, and those which they had been accustomed to pay in time of peace.They are commonly dissatisfied with the return of peace, which puts an end to their amusement, and to a thousand visionary hopes of conquest and national glory from a longer continuance of the war. 

– Adam Smith in The Wealth of Nations

Let’s face it, your child’s mind is fertile ground for oligarchs, corrupt politicians and any other thieving member of the so-called “ruling elite” who aim to enslave the masses both mentally and monetarily. Unfortunately, the propaganda that comes from the government and our largest corporations is perceived as being absolute truth by most people. If you’re like me, at one point in time you had to wake up to it all and accept that you had been completely brainwashed for the first few decades for your life.

On a parental level, defending my child’s mind against blatant lies and deceit from the media, military industrial complex and corporatism is really not that difficult. But what about their grandparents, cousins or the kids next door?

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113 Federal Reserve Staff Members Make $250,000 Annually

Screen Shot 2014-10-17 at 2.14.18 PMJust in case you need another reason to dislike the thieving Federal Reserve. From Reuters:

(Reuters) – The top 113 earners among staff at the Federal Reserve’s Washington headquarters make an average of $246,506 per year, excluding bonuses and other benefits – more than Fed Chair Janet Yellen and nearly double the normal top government rate.

Don’t worry Janet, once you leave, you can earn $250k per speech like your hero Banana Ben Bernanke.

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Washington D.C. is Now the Most Expensive Place to Live in the USA

Screen Shot 2014-10-08 at 3.49.52 PMThere is no greater signpost of the decay in America’s cultural, economic and spiritual life than Washington D.C.’s ascendancy into the most expensive spot to live in within these United States.

Yes, according to a recent government study, the nation’s capital is even more expensive than New York City, ground zero for America’s most unscrupulous banking criminals, as well as San Francisco, the epicenter of the latest tech venture capital binge. This is extraordinarily disturbing, considering the primary products created in the D.C. area consist of death, destruction, criminality, propaganda and lies. In a nation in which the primary driver of GDP growth has become fraud, I suppose this shouldn’t be that surprising.

The Washington Post noted the following:

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The Status Quo Playbook Beyond 2014: Corporate Regulations, Professional Politicians and the Strip Mining of Sovereign Assets

Screen Shot 2014-09-26 at 11.48.29 AMIt’s not often that I come across a blog post that so interests and impresses me that I drop everything else and decide to highlight it. The post I am referring to is by David Malone of the Golem XIV blog. The pieces that caught my attention consist of a three part series titled The Next Crisis – A Manifesto for the Supremacy of the 1%. Two parts have been published thus far, with the third section forthcoming.

The reason I believe his work here is so important, is because I think the scenarios he outlines as the plan the global oligarchy intends to put into place during the next crisis are quite possible, if not probable. Knowing the tactics of those who wish to oppress you and lock you into perpetual serfdom is half the battle. We must get inside of the devious minds of these people so that we are prepared for their next assault, which without question, is coming our way.


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Barclays is Launching Finger Scanner that Scans a Person’s Blood Flow to Access Account

Screen Shot 2014-09-05 at 12.16.53 PMIt’s hard for an article to be simultaneously disturbing and amusing, but this morning’s article in the UK Telegraph about Barclays’ new blood vein finger scanner does just that.

What’s truly incredible about the article is Ashok Vaswani’s (chief executive of Barclays personal and corporate banking) purported obsession with fighting criminality, when in reality there appear to be few bigger criminal enterprises on earth than Barclays itself.

We are told the following about Barclays’ ostensible commitment to the rule of law:

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The Bailout of Robert Mugabe – How Wall Street Money Led to Intimidation, Torture and Death in Zimbabwe

Four days later, Camec announced it was using the money it raised to purchase a joint venture with the Zimbabwe Mining Development Corp., or ZMDC, Mugabe’s state-owned mining company. The joint venture owned the platinum stakes on the Great Dyke that had been taken back just a few weeks earlier from Anglo American. The price included $5 million in cash; Camec issued shares to partners whose identities were shielded by a shell company based in the British Virgin Islands; and $100 million to Mugabe’s government. Camec said the $100 million was a cash loan “to comply with its contractual obligations to the government of Zimbabwe” for the platinum claims. It said the money would be repaid out of ZMDC’s share of future platinum earnings. Camec’s balance sheets for the period make clear that funding for the platinum rights came from the private transactions involving Och-Ziff.

– From the excellent Bloomberg article, The Hedge Fund and the Despot 

The $100 million figure mentioned above that flowed directly to Zimbabwe’s brutal dictator Robert Mugabe was more than just a cash infusion to a corrupt dictator. Rather, it was a veritable political lifeline to a desperate and vulnerable despot. Facing defeat in the initial round of elections to the opposition, and with the nation’s currency hyper-inflating, the only thing he had at his disposal were valuable platinum assets that were at the time held by Anglo American Platinum. So Mugabe did what any desperate tyrant would do. He expropriated the assets from Anglo-American and immediately put them on the market to raise money to crush his opposition. Enter Wall Street.

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Jamie Dimon’s Big $13 Billion Secret – The Truth Behind the JP Morgan Settlement

“Afterward, West went into the office, where his first meeting of the day was with Holder and James Cole, the deputy attorney general, in Holder’s conference room. Just as he was telling the two men about his call with Dimon, his cellphone rang. It was Dimon again. West took the call, pacing back and forth at the far end of the room. Dimon proposed a meeting on September 26 and assured him that the bank would come back with a significantly increased offer. West agreed to recommend that Holder postpone the filing of Wagner’s complaint and meet with Dimon. That was an unprecedented move. It’s not every day that the attorney general of the United States postpones the filing of a civil complaint against a powerful Wall Street bank at the request of its CEO so that the two sides can cut a deal in private. Whatever was in Wagner’s complaint, Jamie Dimon did not want it to become public knowledge.”

– From William Cohan’s excellent article, Jamie Dimon’s $13 Billion Secret

Those of us who have been following the outrageous, unaccountable theft and criminality of the banking industry for many years reacted in a similar manner to the announcement of a $13 settlement late last year between JP Morgan and the Department of Justice. The first thought that crossed our minds was “no criminal prosecutions, another settlement of course.” Then, once the reality of the size of the settlement sunk in, we couldn’t help but come to the conclusion that no organization is going to cough up $13 billion unless there is some serious criminality at play.

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