Obama Prosecuting Fewer Financial Crimes Than Under Reagan or Either Bush

From Washington's Blog.


Ronald Reagan, George W. Bush, George H.W. Bush, and Clinton Each Prosecuted Financial Crime More Aggressively than Obama

The Corporate Mugging of America

The politicians left and right are largely fooling themselves or at least fooling the population that cutting a few billion dollars here or there will solve our debt problem. It is a charade. As Nomi Prins says:

"Much of the debt problem, most of the debt problem, arguably all of the debt problem has happened because of this imparting of debt to bailout Wall Street, to subsidize the financial system, to go back and forth between the Fed who buys the debt, the treasury increases the debt, the Fed buys the debt, and has a sort of back and forth ball going between them which only decreases our value as a nation, our entire you know, book, our balance sheet as a nation, and the Fed will continue to do this. We know that when June comes along the fed is going to go from QE2 to QE whatever..."

Of course our biggest industry, which is the war and empire industry, the death industry, is also another state financed and furnished industry which ends up costing us more then it is worth. Corporations like GE are paying little or no tax, while the government baffoons try to soak out more money from unions, entitlement cuts, or with increased taxes for the middle class to pay for their bailing out of the Wall Street and corporate war machine. The status quo in America cannot continue successfully, but it will most likely continue, possibly leaving America, and perhaps the world in ruin.

Inside Job, Oscar-Winning Documentary, Now Online (Free)

Besides the annoying music at the beginning of this film, it's basically a very good introduction to the corruption of the American financial system, and its dangers.

The film is free to watch online at Open Culture.


Here below is a Charlie Rose interview with the director about the film:

U.S. Government Arming Mexican Drug Cartels

Watch the video I found on BrasscheckTV. An ATF agent has come out and admitted what was already known by many. That in contradiction to what Obama and other politicians claim, the U.S. is actually arming the Mexican Cartels. That the Mexican Drug Cartels have their money laundered on Wall Street is another issue. Both issues we covered in an earlier post.

Black 9/11: A Walk on the Dark Side

From Foreign Policy Journal and 9/11 Blogger.


This paper will review the evidence for informed, or insider, trading in the days and hours before the 9/11 attacks. From the very first, the phenomenon appeared to be world-wide. One consultant, Jonathan Winer, told ABC: “it’s absolutely unprecedented to see cases of insider trading covering the entire world from Japan to the US to North America to Europe.”[1] The list of affected nations was long, and included the US, Germany, Japan, France Luxembourg, Hong Kong, the UK, Switzerland and Spain.[2] Soon, independent investigations were underway on three continents in the belief that the paper trail would lead to the terrorists.

Press statements by leading figures in the international banking community left little doubt that the evidence was compelling. Ernst Welteke, President of the German Deutsche Bundesbank, told reporters that “a preliminary review by German regulators and bank researchers showed there were highly suspicious sales of shares in airlines and insurance companies, along with major trades in gold and oil markets, before September 11 that suggest….advance knowledge of the attacks. Welteke said that his researchers came across….almost irrefutable proof of insider trading.” Welteke was blunt: “What we found makes us sure that people connected to the terrorists must have been trying to profit from this tragedy.”[3]

...The only airlines affected were United and American, the two involved in the attack. American Airlines stock reportedly fell 39% in a single day. United Airlines stock dropped even more, by a whopping 44%.
Although many stocks tumbled, there were also big winners, especially in the military sector. Contractors like L-3 Communications, Allied Techsystems and Northrop Grumman all reported large gains.[7] The biggest winner, though, was Raytheon, which manufactures Tomahawk missiles. During the week following the 9/11 attacks, Raytheon stock climbed by an astounding 37%.[8] Prior to 9/11, the purchase of call options (a contract to buy a stock at a certain price) for Raytheon had suspiciously surged by 600%...

...For the most part, the U.S. press failed to pick up the story, which clearly linked Wall Street and the U.S. intelligence community to the 9/11 attacks. Indeed, the New York Times cooperated with the cover-up.[16] George Tenet writes in his memoirs that he recruited Buzzy Krongard in 1998 to become his deputy at CIA, probably to serve as Tenet’s personal liaison to Wall Street.[17] Until 1997, Krongard was chairman of Alex Brown Inc., America’s oldest investment banking firm. Alex Brown was acquired by Bankers Trust in 1997, which, in turn, was purchased by Deutsche Bank in 1999. In the mid-1990s, Krongard had served as a consultant to CIA director James Woolsey...

...The identity of the suspicious trader is a stunner that should have become prime-time news on every network, world-wide. Kevin Ryan was able to fill in the blanks because, fortunately, the censor left enough details in the document to identify the suspicious party who, as it turns out, was none other than Wirt Walker III, a distant cousin to then-President G.W. Bush...

...“about five minutes before the attack the entire Deutsche Bank computer system had been taken over by something external that no one in the office recognized, and every file was downloaded at lightning speed to an unknown location” (emphasis added).[32] Here, the important phrase is “five minutes before the attack.” Chilling indeed.

Max Keisers part from ZMF

From Max Keiser

Change You Can Believe In Baby! Eat It Idiots! Love Me Love Me Love Me, I'm (Sort Of) A Liberal, Not...

Assassinations, coups and other censored American history

Jesse Ventura talks about American assassination plots, conspiracies etc... on The Young Turks....I couldn't copy the video so just go to the link for it.

The second half concerns how the media higher ups fired Ventura from MSNBC because he was against the Iraq War.

On BrasscheckTV

Max Keiser, Rodney Shakespeare and Rollin Amore on Press TV’s News Analysis program

Notice how the guy from Washington is defending the banks. That's the typical American response. Caught in the grips of false Republican and Wall Street propaganda, the only answer Americans can find is, blame it on the little guy. Blame it on the poor and those who need social security or food stamps, because JPMorgan and Goldman Sachs can do no wrong. That's why I am most concerned about the USA. It seems in the USA the answer to everything is always to parrot what the financial and military establishment wants us to say. At least other countries recognize they are being robbed, and also who is robbing them.

Max talks about the options pricing volatility formula and the creation of weapons of mass financial destruciton

From MaxKeiser.com

The Masochistic Circle

I was listening to the Alex Jones radio show yesterday when a caller called in to say that his mistrust of congress was so strong that he was concerned about ending the Federal Reserve because then their powers would be back in the hands of congress which he didn't trust.

I thought the caller was demonstrating something which is at the very crux of the problems we have today in the USA. Americans are living out what one could describe as a masochistic circle, constantly falling for politicians that undermine the power of the people, their democratic rights and their representative voice in the government. This in turn worsens the government which gives them even less faith that government can do any good at all, so perversely the people actually end up supporting handing over more power to the very corporate manipulators and the international big business 'mafia' that acts against their best interests. I think I said it best in the chart below. I am open to any suggestions or critical comments on this representation that I hope might help understanding at least one side of the dilemma which we face in the US.

Click on the chart below to enlarge it.







See also The American Dominatrix

Pay Czar Will Not Fight Banks on $1.6 Billion in Executive Pay; Shaming Them Is Enough

Surprise, surprise...

From Cryptogon.

For all his tough talk about excessive pay for bankers, the Obama administration’s pay czar let the executives go without a fight...

Obama-Dodd-Frank FinReg Monstrosity Delays Derivatives Curbs until 2022!

From Tarpley.net


The Obama-Dodd-Frank financial regulation bill, a miserable excuse for real Wall Street reform, is now about to gain final approval in the Senate. This wretched bill is now supported by the New England liberal (meaning Wall Street) Republican clique including Olympia Snow, Susan Collins, and Scott Brown, who are joined by the notoriously corrupt reactionary Democrat, Ben Nelson of Nebraska. This bill will create a multitude of new regulations and a number of large new bureaucracies, but it is utterly devoid of any bright-line prohibitions against the causes of the financial panic which struck the United States in 2008, and which continues to the present day in the form of a world economic depression.

The cause of the 2008 banking panic was that zombie banks and hedge fund hyenas were speculating with toxic and highly leveraged derivatives. The new bill does virtually nothing to attack the causes of this ongoing financial disintegration. It is a total defeat for the interests of the American people, and an historic victory for the Wall Street financier oligarchy which owns both the Democratic and Republican parties...

"The Obama Deception" And The Money Masters

Up until about the Kennedy assasination and the beginning of the war in Vietnam the United States is a very powerful engine for world progress. It's the assasinations, the Kennedy assasination, and the others in the 1960's, the beginning of the Vietnam War , and the beginning of the absolute domination of the Wall Street group over every other interest. Nobody else counts except the Wall Street money masters. That has now made the United States into no longer a force for progress, but something very different, often a force for destruction in the world."

- Webster Tarpley

"I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. . . . corporations have been enthroned and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until all wealth is aggregated in a few hands and the Republic is destroyed."

-- U.S. President Abraham Lincoln, Nov. 21, 1864


(There was a better version of the film, but the scum corporations took it down, here is one that is still up)

(If you want an uninterrupted version go here.)













Part 7

Part 8

Part 9

Part 10

Part 11

Part 12

Hear the Sound Of The Guns Of Wall Street

As pointed out in a previous post, big Wall Street banks have admitted they launder money for mexican drug cartels. This article also contends that the cartels get their weapons from the U.S. The CIA has a long history of working with the drug cartels, see here and here. Not hard to wonder then, that the FEDs aren't doing more to stop the little Falluja battlefield that has opened up on the Mexican U.S. border. Police say counties near Phoenix are no longer under their control. If you are wondering why the FEDs and Wall Street are in cahoots with the cartels, part of the answer is simply money for Wall Street, lots of it, and also undocumented money which can be used for covert operations for the so-called intelligence community.

Have a listen to the guns of Wall Street on the U.S. Mexican border:



Read more on Infowars.

Obama Declares Victory; Wall Street Wins

From CNBC

Wall Street Wins, Main Street Loses in Bank Overhaul: Bove

The financial reform bill will likely hurt consumers more than banks because Wall Street will find a way to get around it, Richard Bove, banking analyst at Rochdale Securities, told CNBC Friday.


From News Channel 8

Obama Declares Victory on Financial Reform Bill

WASHINGTON (AP) - President Barack Obama declared victory Friday after congressional negotiators reached a dawn agreement on a sweeping overhaul of rules overseeing Wall Street. Lawmakers shook hands on the compromise legislation at 5:39 a.m. after Obama administration officials helped broker a deal that cracked the last imediment to the bill - a proposal to force banks to spin off their lucrative derivatives trading business...

From Bloomberg

Banks ‘Dodged a Bullet’ as U.S. Congress Dilutes Trading Rules

June 25 (Bloomberg) -- Legislation to overhaul financial regulation will help curb risk-taking and boost capital buffers. What it won’t do is fundamentally reshape Wall Street’s biggest banks or prevent another crisis, analysts said...

Bloomberg Article Open About Blatant Collusion Of Congress And Wall Street

Yes, we all know power corrupts and the U.S. Congress is owned by Wall Street, but reading this article in Bloomberg, it is at least remarkable how open the writers are about the apparent collusion of Wall Street and the Congress to eliminate any provisions in legislation which Wall Street might not like. They are like team members who are both under stress from their attackers, "the public", who must now be conned into thinking something is being done, when in reality nothing is being done. It's the same old story, but it is one that seems to be becoming even more relevant. Faking an anti-establishment change, when in reality if anything a consolidation of power by the establishment is underway.

See in the following passages how the only reason lawmakers seem to have for getting tough with Wall Street in any way is to appease "voter sentiment."
I guess if they had things THEIR way, Wall Street would BE the government. In other words, exactly what we have now just without the phony pandering to pretend they are doing what we want them to.

Lawmakers have been telling Wall Street the Senate provision would fail, “but it passed, so people are nervous,” said Paul Miller, analyst at FBR Capital Markets in Arlington, Virginia. “The problem is that everybody in Congress wants it out, but nobody wants the responsibility of taking it out.”....(or on the issue of Blanche Lincoln) “The conventional wisdom has been that if she gets the nomination, she has the political room to drop the provision, but as long as she’s running for re-election she’s going to want to continue to take a tough-on-banks stance...

It's all just a show...

Goldman Sachs "An Angel" According To Marc Faber

Marc Faber sees the latest Goldman investigations more as a PR move to appease the angry masses. "They targeted Goldman because it stands as a symbol of Wall Street, plus it's also Isreal, you understand?...And now they go after Goldman Sachs to distract the attention of the people and target the minority, Wall Street and Goldman Sachs. And maybe the intention is not to hurt Goldman Sachs, but just to gain popularity with the middle class and the lower classes of America, so they will perceive Mr.Obama to have done something against the evil Wall Street."

Here is the link to the MSNBC video and article.

Update: There is also an article about him on Kitco where he downplays the precious metals market manipulation claims.

Ron Paul: We Need To Take Out The CIA

I wrote a post a week or two ago about the CIA after reading an article (written by a former CIA agent) in The New York Daily News lauding the CIA as "shadow warriors." I included a list of 'evil deeds' of the CIA written by Steve Kangas who turned up dead in the bathroom outside the offices of Richard Mellon Scaife, a CIA operative he was investigating. Check it out if you are unsure about all this fuss about the CIA.
Many of the early leaders of the CIA such as Donovan, Wisner, or Dulles had been Wall Street lawyers and the CIA has always maintained close contact with Wall Street. This continues even today as you can see in this New York Post article as they almost absurdly court the corrupt cream of today's financial crop. Perhaps that is why they often are seemingly enforcing the wishes of Wall Street on the world. They retain a close connection to the corrupt power brokers of Wall Street. In many instances, they are those power brokers. As Kangas says in his introduction to his time line:

"CIA operations follow the same recurring script. First, American business interests abroad are threatened by a popular or democratically elected leader. The people support their leader because he intends to conduct land reform, strengthen unions, redistribute wealth, nationalize foreign-owned industry, and regulate business to protect workers, consumers and the environment.
So, on behalf of American business, and often with their help, the CIA mobilizes the opposition. First it identifies right-wing groups within the country (usually the military), and offers them a deal: "We'll put you in power if you maintain a favorable business climate for us." The Agency then hires, trains and works with them to overthrow the existing government (usually a democracy). It uses every trick in the book: propaganda, stuffed ballot boxes, purchased elections, extortion, blackmail, sexual intrigue, false stories about opponents in the local media, infiltration and disruption of opposing political parties, kidnapping, beating, torture, intimidation, economic sabotage, death squads and even assassination."

In his follow up Kangas further explains:

"the CIA has regularly spurned alliances with defenders of democracy, free speech and human rights, preferring the company of military dictators and tyrants. The CIA had moral options available to them, but did not take them....The CIA has courted right-wing dictators because they allow wealthy Americans to exploit the country’s cheap labor and resources. But poor and middle-class Americans pay the price whenever they fight the wars that stem from CIA actions, from Vietnam to the Gulf War to Panama."

Michael C. Ruppert in this interview explains the connections between Wall Street and the CIA further if you need more proof.

Ron Paul calls them "A government unto themselves..."