Eric Holder and the DOJ Have Spent Millions of Taxpayer Dollars on Unreported Personal Travel

As the Attorney General of these United States, Eric Holder is the top legal advisor for the entire nation. As such, he has been in a position to help punish financial criminals and the mega-banks for the crimes they committed in the run-up to the financial crisis, and the egregious looting thereafter.

Despite his unique role, Eric Holder has spent the past five years taking absolutely zero action on any matter of national significance. In fact, his major claim to fame appears to be that he has solidified the creation of a group of untouchable criminals known as the “Too Big to Jail” class.

So what does Eric Holder do in his spare time, you know, when he isn’t coddling financial oligarchs and running firearms into Mexico? Apparently, according to a recent study from the non-partisan Government Accountability Office, he likes to hop on government planes for personal trips at taxpayer expense. Serfs up suckers!

From The Washington Post:

The agency that tracks federal travel did not report hundreds of personal and other “non mission” trips aboard government planes for senior Justice Department officials including Attorney General Eric Holder and former FBI Director Robert Mueller, according to a watchdog report.

Congress’s nonpartisan Government Accountability Office determined that the 395 flights cost taxpayers $7.8 million. But the General Services Administration, which oversees trips aboard federal jets, did not require documentation because of a GSA reporting exemption that covers intelligence agencies, even in cases of unclassified personal travel.

The findings, released Thursday, came out nearly 19 months after Republican lawmakers began questioning Holder’s use of an FBI jet for travel unrelated to Justice Department work. Sen. Charles Grassley (R-Iowa), the ranking member of the Senate Judiciary Committee, asked the GAO to look into the matter.

For security reasons, attorneys general are required to use non-commercial flights when they fly, and they have access to Defense Department jets. However, they must reimburse the government for personal trips.

Oh right, good luck with that. I’m more likely to have dinner with the Easter Bunny tonight.

Full article here.

In the spirit of this article, I suggest watching this classic Eric Holder video clip that I highlighted last year. Enjoy:

In Liberty,
Michael Krieger

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Further Proof the Justice Department is Protecting JP Morgan from Criminal Prosecution

In what may be the least surprising article of 2013, we find out from Newsweek that the Department of Justice is going out of its way to protect the poor little babies at JP Morgan from criminal prosecution in the Bernie Madoff case. While we know all too well about the institutionalized practice of “Too Big to Jail” that dominates the current fraud system of so called “justice” in America, it is still of the utmost importance that we spread these stories far and wide. Amazingly, in this instance the DOJ is actively blocking the Treasury Inspector General from doing his job in order to protect the mega-bank.

From Newsweek:

Bernard Madoff’s principal bank, JPMorgan Chase, has for years obstructed federal bank examiners trying to ascertain what it knew about his gigantic Ponzi scheme, an official document obtained by Newsweek shows.

The Justice Department refused in September to back up Treasury inspector general staff who wanted a  court order to enforce a subpoena, in effect shielding JPMorgan from law enforcement, the October 8 document shows.

The Justice Department told the Treasury Inspector General “that they were denying the request for enforcement of the subpoena,” which means officials “could not undertake further actions regarding this matter,” wrote Jason J. Metrick, the inspector general special-agent-in-charge.

The memo revealing that Justice protected JPMorgan from an obstruction complaint raises anew questions about how much the Obama administration has done to protect the big banks, whose lies about mortgage securities and other investments they sold sank the economy in 2008.

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Mega Banks Go After Credit Unions

The rampant hypocrisy in the position of the mega banks on the issue of credit unions is so glaring it’s almost hard to believe. Then again, there is nothing we shouldn’t assume when it comes to mega bank criminality and culturally destructive behavior after these last fews years of unlimited nerve, gall and theft. Why? They are above the law and they know it. From the LA Times:

WASHINGTON — Credit unions have been snatching customers from banks amid consumer frustration over rising fees and outrage over Wall Street’s role in the financial crisis.

Now banks are fighting back by trying to take away something vital to credit unions — their federal tax exemption.

Bankers long have complained the tax break is an unfair advantage for large credit unions. Now they see an opportunity to get rid of it as lawmakers begin work on a major overhaul of the tax code that is aimed at eliminating many corporate exemptions and lowering the overall tax rate.

Bankers complaining about an unfair advantage. Well isn’t that special.

Credit unions said the effort to take away their tax exemption was simply an attempt to stifle competition and remove one of the only checks on bank fees for consumers.

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Another Oligarch Wrist Slap: Citigroup Settles in Secret on Housing Fraud Charges

Guess what just happened?  In case you forgot, the Federal Housing Finance Agency (FHFA) had previously accused Citigroup of violating securities laws and making misrepresentations of billions of mortgage bonds.  Unsurprisingly, Citigroup settled, which is just a euphemism for an “oligarch wrist slap.” What’s really disturbing is that the settlement amount will remain a secret, which takes cronyism to yet another despicable level.  After all, take a look at the man who runs the Treasury Department.  From Bloomberg:

The conservator for Fannie Mae and Freddie Mac was eager for publicity in September 2011 when it sued 17 financial institutions, accusing them of ripping off the two government-backed housing financiers. It isn’t so enthusiastic anymore.

This week the U.S. Federal Housing Finance Agency told a federal judge it had settled its case against Citigroup Inc. The agency won’t say how much money Citigroup is paying. Neither will Citigroup, which survived the financial crisis only because it got multiple taxpayer bailouts. The parties agreed to keep the terms confidential. The government has decided this is none of the public’s business.

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The Scorecard: 8,000 Wall Street Protesters Arrested, Zero Bankers

America really has become the “land of the thief, home of the slave.”  While a minority of awake citizens desperately tries to shake their neighbors from their deep slumber, the masses continue to sit in front of the television, suck their thumbs and watch Desperate Housewives, while the oligarchs laugh incredulously at them all the way to the bank.

We all know that Attorney General Eric Holder couldn’t find a guilty banker if it came up to him and sat on his lap, but these statistics are pretty amazing and a testament to how apathetic and lost of a culture we have become.  This database of all the Occupy protestors arrested and where it happened is pretty cool.

From the Huffington Post:

Here’s a fact that may make your blood boil: Nearly 8,000 Occupy Wall Streetprotesters have been arrested in association with the activist movement, while not one banker has been prosecuted for the actions that lead up to the country’s financial meltdown.

The website OccupyArrests.com has tracked 7,736 in 122 cities nationwide since the Occupy movement began in September 2011.

“We want our attorney general, Eric Holder, to bring some accountability from the banks and put them in jail,” protester Vivian Richardson, whose home was foreclosed on in 2010, told The Huffington Post Monday.

The Department of Justice has long been a target of Occupy protesters for its unwillingness to take judicial action against those responsible for the financial crisis.

Calm down everyone.  We all know Mr. Holder is far too busy running assault weapons into Mexico and discarding the First Amendment to be bothered with trivial matters such as the prosecution of the most destructive criminals in U.S. history.

Full article here.

In Liberty,
Mike

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Elizabeth Warren Confronts Eric Holder, Ben Bernanke and Mary Jo White on Bankster Immunity

Elizabeth Warren is one of the few Senators out there pushing to understand why the federal government has created an untouchable class of criminals in America that can do whatever they want whenever they want and, not only get away with it, but also get bailed out when they make mistakes.  In case you missed it, I highlighted a powerful video a few months ago in which she made regulators squirm when confronted on “too big to jail.”  Now she has written a letter to Ben Bernanke, Eric Holder and Mary Jo White.  My favorite line is:

“If large financial institutions can break the law and accumulate millions in profits and, if they get caught, settle by paying out of those profits, they do not have much incentive to follow the law.”

Indeed, which is why they don’t.  Full letter embedded below.

Of Course, J.P. Morgan is Right at the Center of the Latest Italian Bank Scandal

This should come as no surprise to anyone paying even the slightest bit of attention to the ongoing theft and fraud being perpetrated by the “too big to jail” financial oligarchs.  J.P. Morgan in particular these days seems to have its grubby, crony paws in almost every degree of theft one can imagine.  From Vatican money laundering, to running the food stamp program, to ripping off U.S. veterans, these guys have all their bases covered.  The latest?  Well it seems they were right there in the center of the latest scandal at the oldest bank in the world; Italy’s Monte dei Paschi.   From Reuters:

Feb 6 (Reuters) – Monte dei Paschi lied to the Bank of Italy about the terms of the so-called FRESH 2008 hybrid instrument, worth around 1 billion euros, which it used to partly fund its acquisition of Antonveneta, prosecutors alleged in a document obtained by Reuters on Wednesday.

In the document, prosecutors alleged that Monte dei Paschi’s then chief financial officer Marco Morelli had signed an indemnity document in favour of J.P. Morgan which was hidden from the regulator. J.P. Morgan in 2008 underwrote a 1 billion euro capital increase in Monte dei Paschi, and then structured the Fresh 2008 hybrid instrument, convertible in Monte dei Paschi’s shares, and sold it to a number of investors.

J.P. Morgan in Milan declined to comment.

Of course they did.  J.P. Morgan only likes to comment when Jaime Dimon is running his big mouth about how important his crony ass is.

Yep, clearly civilization would cease to exist without the too big to jail bankers.

Read the rest here.

In Liberty,
Mike

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