Zero Prosecutions Of Elites For Most Destructive Frauds In World History [Video]

USAWatchdog  March 31 2014

White collar crime expert Professor William Black thinks the nation’s top bankers continue to get away with massive financial crime. The most recent $10 million fine of former Bank of America CEO Ken Lewis for fraud illustrates the ongoing problem.

[youtube=http://youtu.be/Rn5JclFHglc&w=500]

Professor Black says, “He’s not paying $10 million. Bank of America is paying the $10 million. So, he could care less, and he didn’t have to admit anything. And, unlike the typical Securities and Exchange settlement, he didn’t have to agree not to disparage the settlement. So, immediately he disparaged the settlement as a bunch of junk that wasn’t true. . . .

In this case, the fact came out that Lewis testified, the subject of this complaint was allegedly securities fraud at hiding the losses at Merrill Lynch which was acquired by B of A and said hey, it’s not me, it’s Ben Bernanke and Hank Paulson . . . who ordered me to cover this up.

Professor Black goes on to say, “So the web is very tight and very protective of all these people, and they will trade off any amount of money in settlement that will be paid by the bank to insure the officers, even the ex-officers never have to pay and never are prosecuted. Even today, we are well into 2014, and the Department of Justice record is intact. There have been zero prosecutions of the elite officers who led the epic epidemic of fraud. It was the most destructive in world history, zero of them even unsuccessfully prosecuted, much less prosecuted.”

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The Hidden Agenda – Perniciousness At Its Worst

SDP  February 9-15 2014

There’s a centralized perniciousness within the control agenda. It takes the form of rhetoric promising heaven on earth and actions actualizing hell on earth.

Hello Hell

Welcome to the huge disconnect between financial fact and fictional reserves generated by computers owned by the US Federal Reserve, the Bank of International Settlements (BIS), the World Bank and other leading blights within the fiat-based ponzi scheme.

“What we have here is a case of an ancient con trick carried out on a nation state scale. The original con was very simple, a banker would open a safe and show some gold to a customer and sell him the gold. He would then tell the person it was safer to keep the gold in the bank and give him a depository receipt. This banker would then sell the gold again. The rule of thumb was that as long as you only sold the gold ten times, then whenever there was a panic and some people asked for their physical gold, then you would have enough on hand to reassure everybody their gold was safe. That is the origin of the BIS capital to asset adequacy ratios.”https://shiftfrequency.com/the-battle-has-been-against-an-artificial-intelligence-and-its-human-slaves/

In today’s world “the maneuvers to keep ahead of reality and keep the financial house of cards from collapsing led to the creation of computer trading programs. Since they are designed to make money, these programs have greed and self-expansion at the very core of their operating systems. Thus it was that ever more complex financial instruments with even more astronomical leverage started creating all those quadrillions and quintillions on the back of a real world GDP of only about $75 trillion.”https://shiftfrequency.com/the-battle-has-been-against-an-artificial-intelligence-and-its-human-slaves/

Meanwhile On Earth . . .

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Why Did The Justice Department Kill The Madoff Subpoena Against JPMorgan?

WallStreetOnParade  December 31 2013

Attorney General Eric Holder Testifying Before the House Judiciary Committee on May 15, 2013
Attorney General Eric Holder Testifying Before the House Judiciary Committee on May 15, 2013

Since December 16, major business media have failed to dig deeper into a potentially blockbuster story involving the Justice Department’s refusal to honor a Wall Street regulator’s request for a subpoena against JPMorgan Chase to obtain Madoff related documents the firm was refusing to turn over. JPMorgan Chase was Madoff’s banker for the last 22 years of his fraud. The Trustee in charge of recovering funds for Madoff’s victims, Irving Picard, said in a filing to the U.S. Supreme Court this Fall that JPMorgan stood “at the very center of Madoff’s fraud for over 20 years.”

It’s a big story when a serial miscreant like JPMorgan – which has promised its regulators to change its jaded ways in exchange for settlements – risks obstruction of justice charges by denying one of its key regulators internal documents. It becomes an explosive story when the Justice Department, the highest law enforcement agency in the land and the regulator’s only source of help in enforcing a subpoena for the documents, sides with the serial miscreant instead of the regulator.

The story began on December 16 when Scott Cohn of CNBC posted a story with this headline: “Feds Probe JPMorgan Interference in Madoff Case.” The article revealed that the Office of the Comptroller of the Currency (OCC), a JPMorgan Chase regulator and part of the U.S. Treasury Department, had been so riled by JPMorgan’s refusal to turn over documents related to what its employees knew about the Madoff fraud that it referred the matter to the Treasury Department’s Inspector General.

The article quotes Richard Delmar, legal counsel to the Inspector General, who explains that Continue reading

Jonathan Turley ~ Pruning The Fourth Estate: Feinstein Seeks To Limit Who Can Claim To Be A Journalist

JonathanTurley’sBlog  August 13 2013

225px-dianne_feinstein_official_senate_photoI have previously discussed the curiosity of California’s Democratic leaders in Congress leading the fight for massive warrantless surveillance and attacks on privacy. California Senator Dianne Feinstein has long been viewed as hazard to civil liberties from her knowledge of the torture program to consistent support for the expansion of a security state system. Feinstein is now back in that ignoble role this week, fighting to limit the meaning of journalist to prevent bloggers and others from being able to claim protections from surveillance or compelled testimony. Illinois Senator Dick Durbin has joined Feinstein in seeking to define most people out of protections for media.

The irony is the Feinstein wants to add the limiting language to a Media Shield Law that has already been riddled with exceptions and holes by the Obama Administration. Feinstein is again serving as the agent for those who want to expand government powers — in this case under the guise of a bill purportedly limiting such powers.

Feinstein came out last week by insisting that bloggers and Internet writers are not “real reporters” despite the fact that most Americans now get their news from such sites. She wants to limit the term to people who are “a salaried agent” of a media company like the New York Times or ABC News. Thus, students in media graduate programs and bloggers would not qualify. She is concerned that the law could be used by whistleblowers and others to expose unlawful conduct and then claim protections from government investigations or attacks.

She does not of course define what constitutes a salary. Would this include freelancers? I am paid by USA Today per column. Is that a salary? Is a media professor salaried as a journalist when he is paid by his school but writes in a university publication?

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America No Longer Has A Functioning Judicial System

WashingtonsBlog July 22 2013

The Separation of Powers Which Define Our Democracy Have Been Destroyed

Anglo-Saxon law

The Department of Justice told a federal court this week that the NSA’s spying “cannot be challenged in a court of law”.

(This is especially dramatic given that numerous federal judges and legal scholars – including a former FISA judge – say that the FISA spying “court” is nothing but a kangaroo court.)

Also this week, the Department of Justice told a federal court that the courts cannot review the legality of the government’s assassination by drone of Americans abroad:

“‘Are you saying that a US citizen targeted by the United States in a foreign country has no constitutional rights?’ [the judge]  asked Brian Hauck, a deputy assistant attorney general. ‘How broadly are you asserting the right of the United States to target an American citizen? Where is the limit to this?’

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