The foreclosures are a necessary completion to the fraud. At some point here the judiciary is going to make a fast turn, realizing that the foreclosures are a means to an end that has nothing to do with protecting lenders and everything to do with committing the world’s largest economic crime.
http://livinglies.wordpress.com/2013/11/08/bank-of-america-hammered-by-the-united-states-fhfa/ <<
America’s Media in Crisis: The Battle Over The Future of Journalism, America’s largest media reform organization commemorated ten years of a media war but other forces are at work to undercut their efforts, Danny Schechter Global Research, November 09, 2013
This party didn’t form a Party. In fact, it
rapidly turned from a call to arms, to a call for alms, with fundraising
envelopes everywhere, and wealthy donors announcing
impressive donations.
The path we choose now will decide whether we have an open and uncensored Internet; whether we restore privacy; whether we support serious journalism; whether we still have a say in our democracy.”
That’s all to the good, but it’s not just the government or the FCC or the NSA that threatens a free press.
The huge media companies are not only complicit but continue to self-censor, and sanitize news often deliberately refusing to report truthfully.
http://www.globalresearch.ca/americas-media-in-crisis-the-battle-over-the-future-of-journalism/5357468 <<
Since Cohen is the sole owner of the company, the settlement will diminish his personal fortune to just over $7 billion, which will remain under management by SAC. The Wall Street Journal reported that, “according to people familiar with the probe… Prosecutors, despite having long had Mr. Cohen in their sights, won’t charge him personally with any crime unless new evidence surfaces.”
The net result is that, after obtaining billions of dollars through fraudulent means, Cohen remains not only free from criminal charges, but also retains four-fifths of his fortune intact.
This is in a country where, according to one survey by the American Bar Association, there were 360 people serving life sentences for shoplifting small amounts of merchandise in California alone, as a result of the state’s draconian three strikes law.
The only reason that SAC was investigated and charged in the first place was that its flagrant, daily insider trading activities became too egregious to simply sweep under the rug. The very size of the settlement—the largest insider trading penalty in history—is a testament to the extent of the crimes.
However, the reality is that the types of crimes carried out by SAC, while perhaps more extensive and aggressive, are not fundamentally different than the day-to-day activities of the major Wall Street banks and hedge funds, whose vast profits are based on the types of fraudulent and speculative activity that led to the 2008 crash.
This is why, despite the enormous evidence of illegal activity by SAC, Cohen has remained, at least for now, immune from prosecution. The US ruling class and its political representatives recognize in him one of their own, perhaps requiring a dressing down of sorts, but nothing more.
This social layer has vastly expanded its wealth, power and influence since the financial crash precipitated by their activities. Even as incomes have fallen for the bottom 95 percent of American society, the collective wealth of the world’s billionaires has doubled since 2009, according to a new report by Wealth-X. The combined fortunes of these 2,170 individuals now stand at $6.5 trillion, which is nearly equivalent to the gross domestic product of China.
The vast enrichment of this social layer has been facilitated by state policy, including that of the Obama administration and the Federal Reserve, which continues to pump $85 billion into the financial system every month. At the same time, both parties of big business are waging an unrelenting attack on the social programs that benefit the working class.
Five years into the worst financial crisis since the Great Depression, not a single major financial executive has been criminally prosecuted, despite overwhelming evidence of their complicity in fraud. To the extent that the government takes any action against the criminality that pervades Wall Street, it is to charge a few low-level traders and agree to settlements amounting to a fraction of companies’ yearly profits, while shielding executives from criminal prosecution.
The de facto legal immunity granted to Wall Street kingpins like Cohen and JPMorgan’s Jamie Dimon is an expression of the dominance of a financial aristocracy over society. In the end, the actions of SAC simply express the basic functioning of American capitalism.
The SAC Insider Trading Case. Hedge Funds and America’s “Financial Aristocracy” By Andre Damon Global Research, November 09, 2013 World Socialist Web Site <<
The path we choose now will decide whether we have an open and uncensored Internet; whether we restore privacy; whether we support serious journalism; whether we still have a say in our democracy.”
That’s all to the good, but it’s not just the government or the FCC or the NSA that threatens a free press.
The huge media companies are not only complicit but continue to self-censor, and sanitize news often deliberately refusing to report truthfully.
http://www.globalresearch.ca/americas-media-in-crisis-the-battle-over-the-future-of-journalism/5357468 <<
Since Cohen is the sole owner of the company, the settlement will diminish his personal fortune to just over $7 billion, which will remain under management by SAC. The Wall Street Journal reported that, “according to people familiar with the probe… Prosecutors, despite having long had Mr. Cohen in their sights, won’t charge him personally with any crime unless new evidence surfaces.”
The net result is that, after obtaining billions of dollars through fraudulent means, Cohen remains not only free from criminal charges, but also retains four-fifths of his fortune intact.
This is in a country where, according to one survey by the American Bar Association, there were 360 people serving life sentences for shoplifting small amounts of merchandise in California alone, as a result of the state’s draconian three strikes law.
The only reason that SAC was investigated and charged in the first place was that its flagrant, daily insider trading activities became too egregious to simply sweep under the rug. The very size of the settlement—the largest insider trading penalty in history—is a testament to the extent of the crimes.
However, the reality is that the types of crimes carried out by SAC, while perhaps more extensive and aggressive, are not fundamentally different than the day-to-day activities of the major Wall Street banks and hedge funds, whose vast profits are based on the types of fraudulent and speculative activity that led to the 2008 crash.
This is why, despite the enormous evidence of illegal activity by SAC, Cohen has remained, at least for now, immune from prosecution. The US ruling class and its political representatives recognize in him one of their own, perhaps requiring a dressing down of sorts, but nothing more.
This social layer has vastly expanded its wealth, power and influence since the financial crash precipitated by their activities. Even as incomes have fallen for the bottom 95 percent of American society, the collective wealth of the world’s billionaires has doubled since 2009, according to a new report by Wealth-X. The combined fortunes of these 2,170 individuals now stand at $6.5 trillion, which is nearly equivalent to the gross domestic product of China.
The vast enrichment of this social layer has been facilitated by state policy, including that of the Obama administration and the Federal Reserve, which continues to pump $85 billion into the financial system every month. At the same time, both parties of big business are waging an unrelenting attack on the social programs that benefit the working class.
Five years into the worst financial crisis since the Great Depression, not a single major financial executive has been criminally prosecuted, despite overwhelming evidence of their complicity in fraud. To the extent that the government takes any action against the criminality that pervades Wall Street, it is to charge a few low-level traders and agree to settlements amounting to a fraction of companies’ yearly profits, while shielding executives from criminal prosecution.
The de facto legal immunity granted to Wall Street kingpins like Cohen and JPMorgan’s Jamie Dimon is an expression of the dominance of a financial aristocracy over society. In the end, the actions of SAC simply express the basic functioning of American capitalism.
The SAC Insider Trading Case. Hedge Funds and America’s “Financial Aristocracy” By Andre Damon Global Research, November 09, 2013 World Socialist Web Site <<
What the Israel Oppression, Repression, Suppression, Depression LOOKS Like in USA, Iran Et Al
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