Guest Post: The Age of Mammon

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Mon, 08/30/2010 - 00:33 | 552299 tom a taxpayer
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We need Shock and Awe RICO prosecutions of the robber barons...mass trials in style of the Maxiprocesso (Maxi Trial) of the Mafia in Sicily during the mid-1980s that resulted in hundreds of defendants convicted.  

Rampant criminal activity of the robber barons must be attacked head on. We need coast-to-coast arrests from California Countrywide to Greenwich, CT to New York Goldman Sachs and every other part of the overlapping criminal enterprises, including the mortgage industry, the appraisers, Freddie and Fannie, Citi and the big banksters, the ratings agencies, the Wall Street investment banks, AIG, the federal co-conspirators at U.S. Treasury, SEC, OTS, and the Federal Reserve, especially FRBNY, and the members of Congress who aided and abetted the greatest financial crimes in U.S. history.

These overlapping criminal enterprises raped and pillaged the mortgage industry, ruined the housing market, destroyed the credit system, endangered federal/state/municipal financing, pension funds, and the banking system, caused massive unemployment, sent the economy into a downward spiral, endangered the world financial system, extorted the U.S. and the world to pay them billions in ransom or face the destruction of the world financial system and economy, and now are costing taxpayers hundreds of billions, even trillions of $.

The only thing that has any hope of stopping the continual rape and pillage of investors, pensioners, city and state funds, and taxpayers is to see the entire Wall Street RICO crime syndicate along with co-conspirators in the mortgage industry, the Fed, Treasury, SEC, and Congress arrested and perp walked in handcuffs to federal and state jails. Now. Not 2 years from now. 

We need RICO confiscations of the hundreds of billions in illegal "profits" from the criminal enterprises of the banks, mortgage industry, and Wall Street Mafia. We need  20 years-to-life hard time prison sentences. 

It takes only one prosecutor to investigate just one crime, and follow the money and the connected crimes, and bring down the overlapping criminal enterprises using Racketeer Influenced and Corrupt Organizations Act (RICO) prosecutions.

The prosecutor who leads the charge against the robber barons will become a national hero. 

For a recap of the rampant criminality that begs for prosecution, see William Black's "Great American Bank Robbery":

William Black is author of "The Best Way to Rob a Bank is to Own One".

Bill Black’s Top Ten Ways to Crack Down on Corporate Financial Crime

Mon, 08/30/2010 - 00:34 | 552316 Uncle Remus
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Orange jump suits, pink boxers, boloney sandwiches and a big tent.

Bitches, bitchez.

Mon, 08/30/2010 - 07:43 | 552561 IBelieveInMagic
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Now that the game is breaking down, honor among thieves is breaking out! As long as the global financial system with the USD as reserve currency was enabling the US economy scarf down the world's commodities, goods and services at throw away price and enabled folks at all strata to over consume thanks to phony jobs and easy credit, no one complained. But, the societal costs are now manifesting itself in the form of lost middle and low cost jobs while the creamy layers are continuing to benefit from keeping this financial game going.

Let us accept the fact that these distortions are a result of the reserve currency status of the USD -- as long as we have the reserve status, our economy will continue to bleed jobs.


Mon, 08/30/2010 - 10:42 | 552797 FEDbuster
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Just like the mobsters, the banksters have bought and paid for politicians, judges, police (SEC) to continue their criminal acts without fear of prosecution. 

"When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes... Money has no motherland; financiers are without patriotism and without decency; their sole object is gain."
- Napoleon Bonaparte, 1815

The rape and plunder will continue until the victims band together to stop it.  This will be the decade of "Project Mayhem".

Mon, 08/30/2010 - 11:33 | 552900 grunion
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The elitists have only their own interests at heart. They will not rush to the rescue of their bretheren, weakened and falling under the force of angry "sheeple" (your moniker). They will scheme to abscond with everything they can during the collapse. They will not protect each other, just the status quo.

We can and will have a "come to Jesus" event with these guys and they will be humbled (if they are lucky).

Mon, 08/30/2010 - 14:09 | 553301 FEDbuster
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Let the French Revolution be our guide.  I am looking forward to see some heads roll down Wall St.

Mon, 08/30/2010 - 13:31 | 553203 knukles
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Bubba Loves Me
This I Know
'Cause the Warden
Told Me So

Mon, 08/30/2010 - 14:14 | 553313 Uncle Remus
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Junked? Seriously? Don't get incarcerated in Maricopa County, AZ.

Mon, 08/30/2010 - 00:42 | 552331 Cistercian
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That would be great, but the prosecutor who begins will find photos of himself having sex with a 15 year old on the front page of the New York Daily news.It does not matter if the official is clean or not...they will invent a story to destroy him.Which is why things are as bad as they are.They either install stooges or destroy the ethical in a relentless, vicious way.

  Once things really crater and the mobs begin to form the lackeys will betray their current masters to save themselves.This of course entails things really getting bad and does nothing to stop the robbery continuing right now.The criminals we have now are the most well connected powerful maniacs the world has ever seen.They own the government, and the government has means of coercion up to nuclear weapons.

 Underestimating how far these sociopaths will go to maintain their stranglehold is unwise.

 It is going to get ugly...very fast.

Mon, 08/30/2010 - 01:36 | 552379 Homeland Security
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"... the prosecutor who begins will find photos of himself having sex with a 15 year old on the front page of the New York Daily news"   You mean like Elliott Sptizer? He went after the banks and the banks used the NSA/CIA/FBI financial tracking software to see where his money went. It prolly took some intern one microsecond to see that Spitz was bundeling his payments to Ms. Hotpants. The bundeling of payments to stay below the $10K reporting level is a crime. In fact, with "bundeling" there is no reporting threshold, they look at the series of transactions.

Mon, 08/30/2010 - 01:59 | 552396 drwells
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Great, isn't it? Doing X is a crime. Not doing X is also a crime.

Mon, 08/30/2010 - 10:11 | 552754 fiftybagger
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Or like Blago?  Everything was fine until he threatened BOA.  Next morning, Arrested.  Didn't see the media connect those dots did ya?

Mon, 08/30/2010 - 02:18 | 552403 Alexandre Stavisky
Alexandre Stavisky's picture

Season of Sorrow   Sire of Sorrow

Since life was breathed into the form of man, he has had to contend against the thorns and noxious weeds of Uneden.  And thereby, provide for his daily and future physical needs.  Organized and clever beings have cobbled the coordinated efforts of sons of men into a kind of form, an imperfect monetary system.  They have come to make material representation of the virtue/vice productions of any man and every man.  Gold, paper money, sovereign bonds, equities, pay stubs, scrips, oral IOUs--all are claims upon the virtues made manifest of men who toil by the sweat of their brow to make exchange with their fellow laborers of the fruits of this garden.

That this system of simple exchange of Virtue has been seized by evildoers and conspiratorial thieves is a tragedy.  But virtue and vice must coexist to know the gap which exists between them.  Never will the sweet be so sweet except by draining the bitterest of dregs from the bitterest of cups.

The present economic tumult finds the subtlest, wilest, connivingest on top, while the real benefactor has been tossed to the very bottom in the eternal wrestling.  Truly the tall trees have fallen.  But all the energy of this new "bottom" is to obtain.  To obtain whatever condensation of virtue can be had.  The present "innovators" and all those who discretely plunder through every human institution, the same as the gutter thief, attempt to procure that which they cannot obtain by blessing of heaven or exertion of muscle and mind.  This is why the nation's pulse (gov't) and purse (treasury) are the complete aim of malefactors.

To possess the robe, wand, library, and august gestures of the sorceror does not elevate the apprentice to the same station.

Having contravened the eternal laws, the punishment must be suffered.  Keynes or his counterparts are the merest of men. They seek to obtain all the fruits of wickedness without having to bear the equivalent punishment. Balance sheet accountant embezzling liars!  These worst of men (that deserve not to be even called men) wish to concentrate societal virtue into a bowl from which only they may drink while leaving the onerous burdens of bitter labour to their "lessors".  Love of money is the root of all evil.  See the money throughout the world...and money which thieves cannot break in to deprive.  Beauty, inheritance, abundance, personal virtue, decorum, peaceableness, contentment, charity, perfect proportion. "What man by taking thought may add a cubit to his stature?"  And then there is money (especially USD) which has so many doors by which depredation, chicanery, duplicity, artifice may enter.

Better is the man who at his greatest feasts, places a platter of unleaven bread and bitter herbs, to remind him of his unworthiness, his remind him of the great gap he must traverse to be numbered in the wisest of stars of heaven.

Better yet, when building his paltry domicile upon this poor, poor bit of dust in a wide universe; Man should do so with a foundation of the Seven Sorrows upon which should form Seven Pillars to then contain a screening framework to make some escape from the rain, dews, bitter cold of arbitrary nature.

Tell all the truth,

But tell it slant,

Success in circuit lies,

To great for our infirm conceit,

The truth's superb surprise,

As light'ning to children eased,

By explanation kind,

So truth must dazzle gradually,

Lest everyman go blind.

 The greatest of all is servant unto the least.  Real wealth is not ostentatious. He with the greatest true vbounty to bestow and who condescends in his journey from a high place will be greeted with ceremonial washing of feat (feet)...but he must also suffer the insufferable, with a crown of thorns to pierce him through.  To forego an inheritance so great, that the angels would guard against his dashing his foot, but to still allow to be born in a common animal stall.  To be pierced again, and scourged between two malefactors, suffering derision while above him heralds, "the king of the jews". Spewn out in disgust by just those seeking and marking the coming of a Messiah.  The Ultimate Betrayal.  Such it is to wear a Crown of thorns, shew beautiful feet.

"How beautiful upon the mountains are the feet of him that bringeth good tidings, that publisheth peace; that bringeth good tidings of good, that publisheth salvation; that saith unto Zion, Thy God reigneth!"

To offer water to those who thirst, that they be forever quenched from a living well.  To lay the groundwork whereby heaven may supplant hell upon earth...conditioned upon obedience and repentence.

What, in all this, is greater than money.  Or is this money?  What man, for one sweet grape (or a short lifetime of stolen plenitude) would (the eternal) vine destroy?

Or what fond beggar (non-believer), but to touch the crown, would be with the sceptre strait, be strucken down?

But this is an irrelevant, shining artifact of the past.

And like just a shining artifact of the past
Everybody knows the scene is dead
But there's gonna be a meter on your bed
That will disclose
What everybody knows

Mon, 08/30/2010 - 06:09 | 552522 breezer1
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Mon, 08/30/2010 - 10:44 | 552800 ElvisDog
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Am I the only one who refuses to read overly long posts? I'm sure you had something important to say, but with 137 left to get through I simply skimmed through yours. If you can't make your point in 2-3 paragraphs your post is like the proverbial "tree that falls in the forest when no one is around".

Mon, 08/30/2010 - 11:05 | 552839 Gromit
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Mon, 08/30/2010 - 11:50 | 552935 grunion
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It points out (beautifully, I might add) that being rich is no sin, money is bot sinful and corrupt.

It's the greedy bastards with the bankrupt spiritual bank account that try to fill it with money.

That a reckoning is at hand.

Perhaps a speed reading course would help to avail you of all the info you are missing as a result of your deliberate reading style.

Tue, 08/31/2010 - 13:58 | 555673 Geoff-UK
Geoff-UK's picture

Well said--brevity is the soul of wit.

Mon, 08/30/2010 - 01:09 | 552355 Dburn
Dburn's picture

Here's my personal experience with law enforcement on white collar crime

" IPD"

"Do you have a white collar crime division"

"Yes we do, let me transfer you"


"Yes, I believe I have a case of embezzlement"

"sorry the police are not accountants"

"Pardon me?"

"We don't do accounting"

"Is this the white collar crime division?"


"Is that for like Waiters and Dishwashers?"

"No, but we don't do accounting"

"Uh isn't that like the heart of white collar crime?"

"Maybe so but we don't do accounting we are law enforcement. If you are able to hire forensic accountants and tie all up in a neat little bow with proof that goes beyond reasonable doubt, we may have probable cause to issue a search and seizure warrant"

"Did you work for the SEC when the guy handed the same in on Madoff and the SEC blew him off?"


"Glad my property tax dollars are so well spent"

Personal experiences may vary from jurisdiction to jurisdiction state to state and Fed district to Fed District but I can be reasonably confident in saying, it will never happen. Not in 20 of our lifetimes.

Mon, 08/30/2010 - 03:25 | 552438 jeff montanye
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as through this life you travel, you meet some funny men.  some rob you with a six gun and some with a fountain pen.  (pretty boy floyd, woody guthrie)

Mon, 08/30/2010 - 02:14 | 552401 UGrev
UGrev's picture

  1. One 10 story building
  2. a mob of pissed off people
  3. and an open window
*GUILTY ....thud*
(rinse repeat)

Mon, 08/30/2010 - 07:21 | 552548 New_Meat
New_Meat's picture

defenestration became in vogue when Paris buildings reached 3 stories tall. - Ned

Mon, 08/30/2010 - 08:24 | 552598 VWbug
VWbug's picture

you really get turned on by your dreams of mass murder don't you?

you should get some help, seriously.

Mon, 08/30/2010 - 05:55 | 552519 goldfish1
goldfish1's picture

The prosecutor who leads the charge against the robber barons will become a national hero. 

Judges are in on the take.

Voting machines are owned.


Mon, 08/30/2010 - 09:15 | 552671 B9K9
B9K9's picture

Denninger, glad to see you on board @ ZH. Too bad you brought your myopic and painfully naive viewpoints here as well. Here's a simple heads-up that will hopefully serve to clarify the situation: The state is the criminal.

What you don't seem to realize, and continually kick people off your boards for saying, is that the chief enabler, organizer & beneficiary is the US government itself. They are the ringleader, the mastermind.

To paraphrase Voltaire, if banksters didn't exist, governments would have to invent them. They are simply a means to an end. The end is all encompassing government control, fueled by a global reserve currency backed by the muscle of the US military.

Mon, 08/30/2010 - 10:48 | 552801 MachoMan
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Bingo.  Everyone thinks campaign contributions are to get favorable laws passed and to buy regulators, but why would you need to buy them when they would be forthcoming anyway?  They're really just tribute payments to mobsters more or less and/or direct tax (rather than tax that goes first into the general piggybank).

Further, they operate under the control and jurisdiction of the government, not the other way around.  Literally, instantly, the whole thing would turn around if the government desired.  Mass prosecutions...  etc.  Maybe even some treason charges.  But make no mistake about it, when the government decides to crack the whip, banksters cower and cringe.  Not the other way around.

Tue, 08/31/2010 - 14:02 | 555678 Geoff-UK
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That's an academic exercise, since Barney Frank ALWAYS prefers being paid off, as opposed to becoming a national hero for sticking it to the banks.


Unfortunately, there are a lot more Barney Franks than Ron Pauls.

Mon, 08/30/2010 - 11:09 | 552850 Commander Cody
Commander Cody's picture

Agreed.  Government enables, banksters implement.

Mon, 08/30/2010 - 13:41 | 553232 VWbug
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Mon, 08/30/2010 - 18:22 | 553844 Bartanist
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I suppose I might have agreed with that if it was not for looking at US political assassinations over the years and finding that a common thread was opposition to the central banks of the US and Europe.

Also, maybe it is not so odd that the Euopean central banks prompted England to attempt to subvert, attack and overthrow the US three times: The Revolutionary War, the War of 1812 and then the Civil War. They had no reason to tray again after 1913 because they had already won.

And what was that Meyer Amschal Rothschild quote about if he and his sons did not want wars, there would be none.

No, if that is the correct interpreatation of Voltaire then I think Voltaire got it wrong. "The hand that gives IS always above the hand that receives." Maybe there is an essential symbiosis, but the bankers control the governments because people are fragile. 

Mon, 08/30/2010 - 09:16 | 552672 B9K9
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Mon, 08/30/2010 - 10:56 | 552823 aint no fortuna...
aint no fortunate son's picture

You nailed it tom... nice comment.

Mon, 08/30/2010 - 00:21 | 552302 Bearster
Bearster's picture

This article is a confused mishmash.



P.S.  Faith has no place in discussions of markets, law, economics, or finance.

Mon, 08/30/2010 - 00:37 | 552319 TimmyM
TimmyM's picture

To really understand how out of control the financial services industry is, sometimes it is good to step back and look at the big picture. While the free market profit motive is the only system that works, many of us individually are caught up in an irrational materialism. Perhaps you do not recognize this in yourself, and this blinds you to the author's point.

Mon, 08/30/2010 - 00:40 | 552323 Uncle Remus
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Faith has no place in discussions of markets, law, economics, or finance

Uuuhhhhh - fiat. Hello...

Mon, 08/30/2010 - 03:26 | 552440 jeff montanye
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well played.

Mon, 08/30/2010 - 11:02 | 552836 RockyRacoon
RockyRacoon's picture

You have rendered the author of that drivel a beautiful shiner.

That would be a black eye to the younger folks.

Mon, 08/30/2010 - 00:41 | 552329 dark pools of soros
dark pools of soros's picture

when the world is on fire, religion can sometimes be the only store of value

Mon, 08/30/2010 - 01:37 | 552380 tmosley
tmosley's picture

Put your religion in one hand, and your gold in another.

Religion isn't any more a store of value than gold is Billy Dee Williams.

Mon, 08/30/2010 - 08:44 | 552617 Oquities
Oquities's picture

religion is an attempt to codify morality, from a specific point of view.  it is not faith.  religion is like trying to carve a sculpture from  a morning fog.  faith is knowing the fog is there even after the sun has caused it to dissipate.

Mon, 08/30/2010 - 09:03 | 552650 ATTILA THE WIMP

The Truth About Religion

Mon, 08/30/2010 - 00:48 | 552339 Homeland Security
Homeland Security's picture

"Faith has no place in discussions of markets, law, economics, or finance."

Agreed - leave faith out.

Mon, 08/30/2010 - 01:34 | 552378 merehuman
merehuman's picture

the dollar is keeps it going. I giggle every time a shopkeeper takes my green papers and gives me real valuable shit.

Infuckencredible   yahoo, more green papers, roll another one

Mon, 08/30/2010 - 03:00 | 552419 Bananamerican
Bananamerican's picture

you don't get it Homeland.

Religions are ancient stores of human social WISDOM.

What do WE have now in this country top to bottom?

the ethos of Mammon.

i've considered the theme of this post myself many times in recent years

Mon, 08/30/2010 - 03:37 | 552445 Temporalist
Temporalist's picture


"Religions are ancient stores of human social WISDOM."


Mon, 08/30/2010 - 10:47 | 552803 Bananamerican
Bananamerican's picture

it's obvious from your, uh, demonic laughter that you've never even cracked a Bible (for example).

I've read everything from Kierkegaard to Kerouac and the Bible is my "desert island" choice.

It has everything in it. Poetry, Mystery, Insanity AND Wisdom... and it NAILS man's nature...and that's just the stuff that the early church left IN.

We haven't changed over the millennia....and yes, the sins of Wall Street are in there as well, as are all the other foolish (self-defeating) practices of Man AND their correctives.

besides what kind of asshole types 22 characters of HA?

an unBibled asshole.

Mon, 08/30/2010 - 13:59 | 553275 Andy_Jackson_Jihad
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Proverbs 26:12

Thou shalt limit ridicule or taunting over the internet to no more than 3 repetitions of any series of letters no more than 4 letters in length or though shalt be a newb or a f4g and the lord doth hates f4gs and newbs

Mon, 08/30/2010 - 04:39 | 552462 cossack55
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I particularly like the social wisdom of destroying other cultures/religions in the name of your own selected G*d. More like ancient stores of hate and revenge.

Mon, 08/30/2010 - 05:04 | 552473 drheywood
drheywood's picture

If religion is an ancient store of human social wisdom, then I'd say it's fair to say the current financial system is a body of human economic wisdom.

Mon, 08/30/2010 - 01:18 | 552361 strannick
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'P.S.  Faith has no place in discussions of markets, law, economics, or finance.'

If you mean we should have no faith in modern markets, law, economics or fianance, I heartily concur.

Otherwise, as Nietzche said, 'if there is not God, everything is permitted'. If thats what you meant, then quit bitchin and take it like a mouse.

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