Tags: John Whitehead

Crony States of America – Wall Street Firms are Trying to Hide Payoffs Made to Employees Entering Government

“There is a lot of work ahead for the management to recover its reputation.”

– John Whitehead, Ex-Goldman Sachs Chairman, in a 2010 Wall Street Journal interview

Goldman Sachs may need to work on its image. This year, the firm beat recall-riddled General Motors along with Koch Industries and BP for the dubious distinction of worst corporate reputation, according to a new poll. Market research firm Harris Poll on Wednesday, Feb. 4, published its 16th annual ranking of the 100 most visible companies in the U.S., sorted by how positively the general public viewed them, and Goldman landed at the bottom.

– From the Bloomberg article: America’s Most Loved and Most Hated Companies

Citigroup is one of three Wall Street banks attempting to keep hidden their practice of paying executives multimillion-dollar awards for entering government service. In letters delivered to the Securities and Exchange Commission (SEC) over the last month, Citi,Goldman Sachs and Morgan Stanley seek exemption from a shareholder proposal, filed by the AFL-CIO labor coalition, which would force them to identify all executives eligible for these financial rewards, and the specific dollar amounts at stake. Critics argue these “golden parachutes” ensure more financial insiders in policy positions and favorable treatment toward Wall Street.

– From the New Republic article: Wall Street Pays Bankers to Work in Government and It Doesn’t Want Anyone to Know

The following post covers three important and related articles demonstrating and highlighting the criminality and corruption that has come to define the U.S. economy in the post bailout years. It’s a big part of the reason why the so-called “recovery” has been so uneven, and why there is record inequality.

Read the Full Article »

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The “Electronic Concentration Camp” – Girl Expelled from School for Refusing RFID Chip

A total surveillance state is being implemented right in front of us, and amazingly, pretty much no one seems to care.

From WND:

A student in a Texas school district has been told she is to be expelled for refusing to wear a student ID badge that essentially places her in an “electronic concentration camp.”

WND previously reported on the case of Andrea Hernandez, a student at John Jay High School in the Northside Independent School District in San Antonio, Texas. This year, the school implemented a new program requiring students to wear badges containing an RFID chip, which would be used to track them anywhere they went, including the restrooms. Hernandez refused to wear the chip, citing privacy and religious issues.

Despite the schools having 290 surveillance cameras, officials apparently believe that is not enough to keep track of students attending the schools.

The primary intent of the tracking cards is not to increase student safety but to increase state funding to the district.

WOAI-TV in San Antonio reported district spokesman Pasqual Gonzalez said the two schools have a high rate of truancy, and the district could gain $2 million in state funding by improving attendance.

After her refusal to wear the tracking chip, Hernandez was warned in a letter that there would “be consequences.” Following through on its threats, the district sent Hernandez a letter informing her she would expelled effective Nov. 26.

“The forces behind this are very strong so people need to get ready for it,” Whitehead said. “We are moving into a time where we are going to be in an electronic concentration camp wherever we go.”

It is particularly despicable how they use state funding as a way to push these programs on struggling school districts.  With all of the economic problems we face as a nation, am I the only one that finds it highly disturbing that so much money is being allocated to surveillance?  This isn’t a way to improve a nation’s economy; rather, it represents a very conscious and concerted effort to control the population after systemic collapse.

Full article here.

In Liberty,
Mike