Crime | February 01, 2009 | 16 comments

CRIME PAYS

source: http://ca.youtube.com/watch?v=H8hg7XH-Gns&feature=channel_page

WhiteNoise
Sub-Prime Crime : An Economic 9-11 ?

Back story of a new/old White Noise clip...
The audio track was concocted within a week of the events. But life being what happens while you are busy making other plans, I never got to whip up the video & eventually though it was passé & kinda forgot about it.

But just like 9-11 changed everything, the subprime crime spree created havoc on the economy & keep on giving. After the illegal push for subprime deals that Spitzer tried to halt, Wall Street upped the ante & sold these fraudulent turds for triple A gold investment to the unspected international finance community causing a worldwide catastrophe.

As with the horrifying 8 years of abuse inflicted on America by the crime cartel we so-called the Bush executive branch, some brave souls tried to warn us to no avail.

This is the story of some of those patriots who where mostly ignored, ridiculed or got their ass served by the GOPs Rove bots army.

And to show our eternal gratitude to our tormentors, we will, although under the gun & placed in front of a 'fait accompli', be giving them the rest of our money & our children's & future generations too...

BRAVO !

"A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and he carries his banners openly. But the traitor moves among those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not traitor, he speaks in the accents familiar to his victims, and he wears their face and their garments, and he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of a city, he infects the body politic so that it can no longer resist. A murderer is less to be feared." - Cicero, 42 B.C.

Original info : http://www.gregpalast.com/elliot-spitzer-gets-nailed/

As for putting the same guys that caused the problem in place to organize the rescue...

The universally accepted definition of INSANITY is to persist in the same behavior but expecting a different outcome.

"We can have democracy in this country, or we can have great wealth concentrated in the hands of a few, but we can't have both." - Justice Louis D. Brandeis (1856-1941) US Supreme Court Justice

THE GREATEST THEFT IN THE HISTORY OF HUMANKIND
http://current.com/items/89330596_the_greatest_theft_in_the_history_of_humankind

"I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the government at defiance. The issuing power of money should be taken away from the banks and restored to the people to whom it properly belongs." - President Thomas Jefferson

"It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." - Henry Ford

"A banker is a man who loans you umbrellas when the sun is shining and demands it back the moment it looks like rain." - Mark Twain

"Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies." - Groucho Marx

Marxism we all can believe in ;)

CITIZENS 2.0 : PLAYERS NOT CHEERLEADERS !

STOP JUDGING POLITICIANS ON WHAT THEY SAY BUT ON WHAT THEY DO !

"Politics, it seems to me, for years, or all too long, has been concerned with right or left instead of right or wrong." - Richard Armour

"We can't solve problems by using the same kind of thinking we used when we created them." - Albert Einstein

"Plus on est ignorant, moins on s'en aperçoit." - Louis Pasteur

VIVE LAFAYETTE ;)
  1. groups:
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  2. tags:
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16 comments // CRIME PAYS // Video

  • WhiteNoise
    • 0
      WhiteNoise  

    • The Bottomless Bailout
      By Ralph Nader
      Does anybody in the federal government know or could know "who, what, where and when" of the massive, complex, vertical, horizontal, global collapse of Wall Street and its planetary tentacles in over 100 countries abroad? Step forward if you exist! Uncle Sam needs you!
      http://informationclearinghouse.info/article22171.htm

      "Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies." - Groucho Marx

      Marxism we all can believe in ;)

    • 3 years ago
  • WhiteNoise
    • 0
      WhiteNoise  

    • PUT THIS GUY IN CHARGE...FAST !

      His report...
      http://www.wallstreetwatch.org/reports/sold_out.pdf

      “Sold Out”: New Report Follows Lobbying Money Trail Behind Deregulation that Helped Cause Financial Crisis

      In a new report, Robert Weissman of Multinational Monitor points to twelve deregulatory steps that led to the financial meltdown. It also does an analysis of the amount of money Wall Street poured into Washington in campaign contributions and lobbying over the last ten years. Their answer? A staggering $5.1 billion over the past decade.

    • 3 years ago
  • WhiteNoise
  • WhiteNoise
    • 0
      WhiteNoise  

    • Corruption-US:
      How Wall Street Paid For Its Own Funeral
      The 231-page report, "Sold Out: How Wall Street and Washington Betrayed America," shows that the financial sector invested more than 5 billion dollars on purchasing political influence in Washington over the past decade, with as many as 3,000 lobbyists winning deregulation and other policy decisions that led directly to the current financial collapse.
      http://informationclearinghouse.info/article22146.htm
      By Marina Litvinsky

      ===
      Take the Money and Run
      A bank robber does not gain legal possession of his loot. Neither should today's "robber barons," notwithstanding the fact that the theft was accomplished under the guise of quasi-legality. The loot can be recovered legally, if the public demands it and the Congress responds accordingly, through the enactment and enforcement of appropriate legislation.
      http://informationclearinghouse.info/article22151.htm
      By Ernest Partridge

    • 3 years ago
  • WhiteNoise
    • 0
      WhiteNoise  

    • Obama's Defense Department appointees - The $3.4 Trillion Dollar Question By Andrew Hughes
      http://www.globalresearch.ca/index.php?context=va&aid=12291
      Global Research, February 13, 2009

      Former Raytheon lobbyist, William Lynn, was appointed deputy defense secretary on Wednesday, February 11th after a contentious Senate confirmation hearing that led Republican Senator for Iowa, Charles Grassley, to forcefully object to the appointment on the basis of Mr. Lynn's "very questionable accounting practices that were obviously not in the public interest" while in the position of Pentagon Comptroller during the Clinton administration. The Senator's objection did not go far enough in exploring the "very questionable accounting practices" that Lynn engaged in during his tenure at the Defense Department from 1997 to 2001. The relevant question that should have been asked is "Where did the $3.4 Trillion go?"

      In fiscal year 1999, the Department of Defense reported that it was missing $2.3 Trillion. In fiscal year 2000 the Department reported a missing $1.1 Trillion. Total: $3.4 Trillion "missing" taxpayer money. This happened under the watchful eye of the same William Lynn that now passes through the revolving door between the Department of Defense and the Defense industry.

      Lynn was the Defense Department's chief financial officer and as such was responsible for all budgetary administration and reporting. He was also responsible for the publication of audited financial statements which he failed to do during his tenure and which have not been published since.

      Lynn was nominated by Obama-Biden because "Lynn brings decades of experience and expertise in reforming government spending and making the tough choices necessary to ensure that American tax dollars are spent wisely."

      The other appointee, as Undersecretary of Defense (Comptroller), Robert Hale, served as Assistant Secretary of the Air Force in the role of Financial Comptroller from 1994 to 2001. He was also responsible, along with Lynn, for the management of Defense Department funds. Hale is also a Certified Defense Financial Manager with acquisition specialty. This is his particular connection to the Military Industrial Complex.

      Between these two appointees, they have lost enough taxpayer money to pay for Obama's Stimulus Plan 4 times over and are now again responsible for overseeing how the Department of Defense manages its appropriations. Obama's promise of fiscal responsibility within his administration can now be dumped in to the already overflowing trash can of broken promises.


      PENTAGON SCORES A BIGGER RIP-OFF THAN BAILOUT
      http://current.com/items/89342370_pentagon_scores_a_bigger_rip_off_than_bailout

    • 3 years ago
  • WhiteNoise
    • 0
      WhiteNoise  

    • Bailed Out CEOs Gone Wild - Senator Sanders Wants REAL Investigation http://sanders.senate.gov/

      In a speech on the Senate floor, Sanders said the American people are furious that a handful of Wall Street executives through their greed, recklessness and possible illegal behavior have plunged us into the worst financial crisis since the Great Depression.

      “The Treasury Department has provided the largest financial institutions in this country hundreds of billions of taxpayer dollars with more to come. The Federal Reserve has also committed over $2.3 trillion in taxpayer dollars to these financial institutions with the possibility of trillions more to come.

      Plunder and Blunder; How the 'Financial Experts' Keep Screwing You
      http://www.alternet.org/workplace/125421/

      Anyone with common sense, a grasp of simple arithmetic and a desire to go against the consensus should have seen the financial crisis coming.

    • 3 years ago
  • pjacobs51
    • 0
      pjacobs51  
    • Image

    • "If liberty means anything at all, it means the right to tell people what they do not want to hear." - George Orwell

      Nice work! WhiteNoise

    • 3 years ago
  • WhiteNoise
  • damnneargenius
    • 0
      damnneargenius  

    • Then I actually watched the video.

      Eh, Spitzer obviously wasn't much of a force as a human being or he would have used his momentary celebrity much differently.

    • 3 years ago
  • damnneargenius
    • 0
      damnneargenius  

    • Well, what one needs is a clear replacement plan and roster I suppose. The whole bailout thing was obviously criminal in its design, so it should ultimately be retraced accordingly.

      I would argue it's just a matter of time, and the whole thing could in fact just as easily be the ultimate trap of sorts.

      I, for one, severely dislike salesman and hate liars, and I'm obviously not alone.

    • 3 years ago
  • WhiteNoise
    • 0
      WhiteNoise  

    • Sure smells like "The Shock Doctrine" too...
      http://www.naomiklein.org/articles/2008/12/cant-lose-this-moment

      "Many people today don't want honest answers insofar as honest means unpleasant or disturbing, They want a soft answer that turneth away anxiety." Louis Kronenberger

      "For the great majority of mankind are satisfied with appearances, as though they were realities, and are often more influenced by the things that seem than by those that are." - Niccolo Machiavelli

      "If liberty means anything at all, it means the right to tell people what they do not want to hear." - George Orwell

      "Washington has become Versailles. We are ruled, entertained and informed by courtiers. The popular media are courtiers. The Democrats, like the Republicans, are courtiers. Our pundits and experts are courtiers. We are captivated by the hollow stagecraft of political theater as we are ruthlessly stripped of power. It is smoke and mirrors, tricks and con games. We are being had." - Chris Hedges

      A Guide To Bailout Transparency Sites
      http://www.mediachannel.org/wordpress/2009/02/02/a-guide-to-bailout-transparency...

    • 3 years ago
  • elementaljim
    • 0
      elementaljim  

    • So in this report "the Fed" gives $200 BILLION to the 20 biggest banks! Spitzer gets busted because he was preparing to bust some of the big boys for fraud and this was in March of "08.
      Move to Sept.'08 we have the "TARP" bailout that when 1st proposed @$700 BILLION was rejected. Then another $150 BILLION for earmarks(really smells like Congress) was added to sweeten the pot and accepted to make total $850 BILLION from the US Treasury!
      I felt that the debate going on with the whole "TARP" deal was just keep everybody's eye off the real prize which was Bernake ("the FED") "lending" another $2 TRILLION to investment banks with absolutely NO oversight!

      This has gotten WAAYYY out of control! There has to be oversight and accountability. There are to many secret deals. Conspiracy, collusion and fraud take your pick.
      This whole "Privatize Profits and Socialize the Losses" ideology is pure bullshit and has to stop now!
      The taxpayers are treated like mushrooms, covered with shit and kept in dark.

      imo
      http://opinionsandreasons.blogspot.com/

    • 3 years ago
  • PlatoTacius
    • 0
      PlatoTacius  

    • Great video, WhiteNoise, and great quotes...if only we could solve these problems sitting around the kitchen table... the biggest crooks are the individuals considered to be the pillars of society...what irony...I guess they proved that Elliot wasn't untouchable...the oldest trick in the book... we need to rethink our thought processes...

      We the people should all be grateful for dedicated souls like Greg Palast and you...

      Thanks, again...

    • 3 years ago
  • WhiteNoise
    • 0
      WhiteNoise  

    • Is the Entire Bailout Strategy Flawed?
      Let's Rethink This Before It's Too Late
      By Joseph Stiglitz, CNN. Posted February 2, 2009.
      http://www.alternet.org/workplace/124166/

      We gave the banks hundreds of billions to start lending again, and instead they're just hoarding the cash, waiting until things settle down.

      America's recession is moving into its second year, with the situation only worsening.

      Bailout This !
      The Stabilization of the Financial Sector: The Holy Grail of Economic Salvation
      http://www.globalresearch.ca/index.php?context=va&aid=12053

      "The issue which has swept down the centuries and which will have to be fought sooner or later is the People vs. The Banks." -- Lord Acton, Lord Chief Justice of England, 1875

    • 3 years ago
  • WhiteNoise
    • 0
      WhiteNoise  
    • WhiteNoise:

      Stiglitz: Bad Bank? Bad Idea

      Posted: 02 Feb 2009 01:30 PM PST

      Another Nobel Prize-winning economist checks in! Joseph Stiglitz echoes Krugman on the idea of establishing a so-called bad bank, in which the federal government would subsidize toxic assets:

      Feb. 1 (Bloomberg) -- Nobel laureate Joseph Stiglitz said any decision by President Barack Obama to establish a so-called bad bank to rid financial companies of toxic assets risks swelling the national debt.

      Obama’s administration is moving closer to buying the illiquid assets currently clogging bank’s balance sheets and preventing them from boosting lending, people familiar with the matter said this week.

      That amounts to swapping taxpayers’ “cash for trash,” Stiglitz said yesterday in a panel discussion at the World Economic Forum in Davos, Switzerland. “You shouldn’t chase good money after bad. We’re talking about a national debt that’s very hard to manage.”

      Stiglitz, a professor at Columbia University in New York and a former adviser to President Bill Clinton, says the plan would leave taxpayers paying for years of excess lending by banks. It would also deprive the government of money that would have been better spent shoring up Social Security, he said.
      http://www.bloomberg.com/apps/news?pid=20601087&sid=aKrRkAwxNhTw&refer=h...

    • 3 years ago
  • uppityprogressive
    • 0
      uppityprogressive  

    • "We can have democracy in this country, or we can have great wealth concentrated in the hands of a few, but we can't have both." - Justice Louis D. Brandeis (1856-1941) US Supreme Court Justice

      Agreed, thanks Whitenoise.

      Signing on to citizen 2.0

    • 3 years ago
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