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Judge Appointed In Goldman Case, Barbara Jones, Is A Racketeering/Organized Crime Expert And A Bill Clinton Nominee

Tyler Durden's picture


The recent legal case against Ken Lewis and Bank of America proved just how critical the Judge selection in these SEC-spearheaded cases can be. The case of the Securities and Exchange Commission v. Goldman Sachs & Co. et al (Southern New York District, 10-3229), has been assigned to Judge Barbara S. Jones. The Temple University JD grad's career revolves around Organized Crime & Racketeering (two specialties that will be particularly appropriate); she also served as Assistant US attorney for the NY  Southern from 1977 to 1987. Most importantly, she was assigned to the Southern District Court in 1995 on the nomination of one William Jefferson Clinton, following the recommendation of Daniel Patrick Moynihan, both certainly not of Republican persuasion. Following today's disclosure that the SEC vote was executed along party lines with Democrats voting against the squid, it is not too surprising that Judge Jones seems to have Democratic roots. We are currently tracking down Judge Jones' donation record. We don't think we will be surprised.

Full career of Judge Jones according to the Federal Judiciary Center.

  • Special attorney, Organized Crime & Racketeering, Criminal Division, U.S. Dept. of Justice, 1973
  • Special attorney, Manhattan Strike Force Against Organized Crime and Racketeering, U.S. Dept. of Justice, 1973-1977
  • Assistant U.S. attorney, Southern District of New York, 1977-1987
  • Chief, General Crimes Unit, 1983-1984
  • Chief, Organized Crime Unit, 1984-1987
  • Adjunct associate professor of law, Fordham Law School, 1985-1995
  • First assistant district attorney, New York County District Attorney's Office, NY, 1987-1995

We refuse to comment on the name of the lead SEC attorney in the case, Andrew Matthew Calamari


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Mon, 04/19/2010 - 20:13 | 308833 Cheeky Bastard
Cheeky Bastard's picture

Bill Clinton ranting against Rubin/Summers

Clinton appointed OrgCrime/Mob judge

Current hate wave against all things [comprehensible by the populace or not] WS 

Hate for GS=Hate towards puppy killing Nazis


FUCK YOU GS !!!! 5 billion fine 

[Criminal indictment to follow shortly]

Mon, 04/19/2010 - 21:00 | 308862 Mercury
Mercury's picture

Is there any chance that $5bil could be paid to someone else besides the federal government?  I'd rather GS keep it.

Mon, 04/19/2010 - 21:20 | 308871 drbill
drbill's picture

$5 billion fine, almost a given; criminal indictments, when pigs fly!

Mon, 04/19/2010 - 22:45 | 308936 sushi
sushi's picture

Indictments would let them off easy. Every underemployed lawyer in the world is going to be looking at those suits and their 30 minute bonus payments and looking for an angle to bring suit. Not just against GS but every other suit who ever touched a CDO. This is going to be muckracking on a grand scale and I do mean grand.

Tue, 04/20/2010 - 02:27 | 309040 Fraud-Esq
Fraud-Esq's picture

rake, rake...

Tue, 04/20/2010 - 02:53 | 309046 Escapeclaws
Escapeclaws's picture

When will the lawsuits start against the rating agencies who had an absolutely pivotal role to play as enablers of the fraud that is the real reason for the financial debacle?

Tue, 04/20/2010 - 03:42 | 309057 Rick64
Rick64's picture

There is no accountability anywhere for any of this financial meltdown. Politicians and government agencies are bought and paid for by corporations and banks. Citizens are without representation. The rating agencies are complicit and played an integral part in this, but it goes way beyond that.

Mon, 04/19/2010 - 22:46 | 308939 Cistercian
Cistercian's picture

 I say 1 Trillion.Because I want GS to go down with an EPIC FAIL.


 And we need the money.Seriously.

Tue, 04/20/2010 - 02:56 | 309049 Popo
Popo's picture

Jail time is the *only* thing that will work.  Fines will be seen as slaps on the wrist.   Lock up 300 guys for 5-10, now we're talking serious fear. 


1000's will come out of the woodwork begging for deals.



Mon, 04/19/2010 - 20:18 | 308835 DirtySouth
DirtySouth's picture

A 'transparent' derivatives market is, and has been established.  Who honestly cares what happens to GS?  If Lloyd is locked up, is that somehow going to end the corruption from the BIS up/down?

Mon, 04/19/2010 - 22:50 | 308945 Frankie Carbone
Frankie Carbone's picture

No, but we could have a keg party to celebrate his firing squad. 



Mon, 04/19/2010 - 23:40 | 308974 MsCreant
MsCreant's picture

Firing squid?

Pass that, would ja?

Mon, 04/19/2010 - 20:22 | 308840 SRV - ES339
SRV - ES339's picture

Ever the optimist, Cheeky! Can't believe you missed the Calamari line though... fried squid anyone!

Unfortunately, I don't see it happening... not yet anyway (but I pray I am wrong).


Mon, 04/19/2010 - 23:43 | 308976 MsCreant
MsCreant's picture

If you put a squid in an electric chair, is that fried squid? Or does that make the texture off? Wouldn't want to waste a good crisis.

Mon, 04/19/2010 - 20:29 | 308844 lizzy36
lizzy36's picture

can't decide which is more ironic: squid v. squid or tyler failing to comment.

Mon, 04/19/2010 - 20:52 | 308855 SayTabserb
SayTabserb's picture

He did comment by commenting on not commenting. But really, do you think there's much chance the SEC was not aware of the molluscular play on words, i.e., a coded message for the Giant Squid on its sonar screen?

Mon, 04/19/2010 - 20:40 | 308849 BlackBeard
BlackBeard's picture

Well.  I hope her husband does his country some good and doesn't give her any lovin' during the GS hearings.  I want her pitbull grouchy on GS.

Mon, 04/19/2010 - 22:13 | 308911 Cleanclog
Cleanclog's picture

You should hope he hounds her and spears and pursues her relentlessly - that will piss her off a lot more than not having any sex.  You were thinking like a man, which is okay, but not the mindset that works in this situation.  You want a pitbull?  Hound her like her only worth is to get plugged!

Mon, 04/19/2010 - 20:42 | 308850 tom a taxpayer
tom a taxpayer's picture


Here ye, Here ye! 

Law and order in the court! The Honorable Judge Barbara Jones presiding! 

Will Judge Jones be another Judge Sirica?...another Time magazine Man of the Year?

"Sirica's involvement in the case began when he presided over the trial of the Watergate burglars. He did not believe the claim that they had acted alone, and persuaded or coerced them to implicate the men who had arranged the break-in. For his role in Watergate the judge was named TIME magazine's Man of the Year in 1973."

Judge Jones prior career in fighting Organized Crime & Racketeering is perfect. I hope that Judge Jones, like Judge Sirica, will follow the money, and unravel the Wall Street Racketeer Influenced and Corrupt Organizations Act (RICO) criminal enterprises that are gravely damaging the Nation.    Godspeed Judge Jones!


Mon, 04/19/2010 - 20:55 | 308856 NP40
NP40's picture

Two Republicans voted against pursuing the SEC case ? Christ, I swear that Wall St. mutants could flood the state of Connecticut and shoot grandmothers square in the face and Republicans would be concerned that prosecutions would lead to "gun control".

People can hold whatever ideology they prefer but when that ideology distorts reality, the country is virtually ungovernable.

Of course, "Democrats" are scarcely any better selling their collective DNC asses to any halfwit with a J.C. Penney suit and a checkbook.

I'm about ready to don the spiked hair, the black trenchcoat, black eye makeup and hustle down to the local WTO rally. Goth and anarchy. That's the ticket.

Mon, 04/19/2010 - 22:05 | 308903 weinerdog43
weinerdog43's picture


Mon, 04/19/2010 - 20:54 | 308857 nonclaim
nonclaim's picture

Joe Is A Racketeering/Organized Crime Expert means one thing... just because it says Judge you thing s/he is on the good side?

Mon, 04/19/2010 - 20:57 | 308858 SayTabserb
SayTabserb's picture

And I hope Calamari keeps Cuomo in the loop. Tees up the criminal case for him. Not much chance of Obama's DOJ doing much, because Holder has yet to do anything I can think of?  Has Holder's DOJ ever prosecuted anyone for anything? Is Holder still the AG? Does Obama still have a DOJ? 

Mon, 04/19/2010 - 21:00 | 308861 Kina
Kina's picture

Unethical behaviour, dishonesty, fraudulent behaviour, corruption throughout the system through to inactive regulators, rating agencies and in the pocket politicians has made a mess and mockery of the US Financial system. All these things are accepted as the normal course of business, the natural state of affairs, nothing unusual.

And that people are surprised when criminal deeds are prosecuted than let go simply demonstrate how low the system has fallen.

The current case is fraudulent, unethical and criminal on so many levels it is surprising that you get people coming out trying to defend. Defend what would have to be a text book case of fraud. The bar has been lowered to below the gutter.

The last decade of no rules need apply, no consequences will be inflicted administration and regulatory 'control' has seen a race to the bottom in behaviour. Criminal and fraudulent activities are absolutely fine if you don't make it too obvious; everybody will just wink and nod, knowing what the truth is, but it is ok.

The reset button really needs to be pushed and zero tolerance seen as some distant goal.


The only way discipline and some form of honesty and fear will be bought back into the system is if the regulators make it and the legal system allowed to work with extreme prejudice; no taps on the wrists, no pay a fine and all is well.


THey have to make it clear that the current state of affairs is intolerable.

Goldman Sachs if it has done wrong should be persued with extreme vigor, gutted from arse to neck and its lifeless body tossed in the garbage, the perpetators should be hit hard and where it hurts, individual huge fines and prison.


If the system goes in hard and relentless on this the others will shit their pants and might think twice before they think criminal and fraudulent activity never really has meaningful consequences for them.



Tue, 04/20/2010 - 00:25 | 308997 Oh regional Indian
Oh regional Indian's picture

Kina, you point to something really deeply wrong with the entire system of checks (cheques) and balances (bank or otherwise) itself. 

The way the system is set up, vested interest/bias is a given right? Some peopel are more vested in their point of view than they are in their money. Either way, impartiality in the current judicial context is a joke that is way beyond funny.

In the current case, just imagine how much hush/slush money and favours have passed, directly or otherwise between parties charged/prosecuting.

The outcome is clear at the outset. Fall guys will take the fall and the real perps will walk (because the real perps will never show).


Such is how it is and will be till the whole house of cards goes up in flames.

An Arch E, it must come, but hopefully from an explosion of inner angst and not en-flamed from without (Sara Pale Horse, are ye listening?).

Mon, 04/19/2010 - 21:03 | 308863 putbuyer
putbuyer's picture

rinse repeat

Mon, 04/19/2010 - 21:04 | 308864 Kina
Mon, 04/19/2010 - 22:49 | 308941 JohnG
JohnG's picture

If only we could.

Let's just hope that Judge Jones First name isn't Judy.

Mon, 04/19/2010 - 21:23 | 308872 anynonmous
anynonmous's picture

in the rush to judgment of GS one wonders if perhaps the allegations have less foundation than what many are hoping for - to that end perhaps GS is simply fulfilling its role (or should I say the administration is fulfilling its role) to quench some of the populist cries for justice in this trillion dollar heist - now if the political PTB were to return the tens of millions of contributions from GS and its surrogates from the past five years I could perhaps be persuaded that these SEC civil charges are more than just a cynical political maneuver

Mon, 04/19/2010 - 21:32 | 308882 merehuman
merehuman's picture

GS as a sacrifice! How fitting, baldy, God loves you too

Tue, 04/20/2010 - 02:36 | 309042 Fraud-Esq
Fraud-Esq's picture

the charges are real. The facts are mostly not contested. The interpretation is. GS didn't disclose. GS's Wells defense essentially says "everyone was doing it" and GS tried to throw other banks under the bus. That didn't work for them. I'm sure it angered the readers at the SEC, if anything. It's a good Ivy league version of "we all did it, everyone knew, therefore the buyer knew and didn't need disclosure." 

Mon, 04/19/2010 - 21:23 | 308873 buzzsaw99
buzzsaw99's picture

Calamari means he's one of them. They live.

Mon, 04/19/2010 - 21:27 | 308878 black_furry_dog
black_furry_dog's picture

as much as i'd love to see fried calamari on the menu, i don't think any real justice is going to be had in the GS case. But i do think public opinion after the inevitable slap on the wrist that GS will get, will be interesting.  

Mon, 04/19/2010 - 21:31 | 308879 RockyRacoon
RockyRacoon's picture

Andrew Matthew Calamari -- this guy must know something about frying squid.

Do you prefer an olive oil base or tomato based dipping sauce?

Mon, 04/19/2010 - 21:37 | 308881 Nihilarian
Nihilarian's picture

Can we get a Narc into GS? 21 Jump Street-style. Btw, you see what they're up(down)grading to from 85 Broad?

Excerpt: The employee reading lounge features Goldman-approved books, including "On the Brink," the bestseller by former Goldman Chairman and CEO turned Treasury Secretary Henry Paulson Jr. Employees also can thumb through "The Psychology of Persuasion: How to Persuade Others to Your Way of Thinking" by Kevin Hogan and Mitch Albom's "Have a Little Faith: A True Story."



Mon, 04/19/2010 - 21:49 | 308894 buzzsaw99
buzzsaw99's picture

Send the DEA in to 200 West St. to look for hookers and cocaine. Maybe they'll find an 8-ball of blow in Lord Blankcheck's desk (or a hooker under it).

Mon, 04/19/2010 - 21:51 | 308896 Ned Zeppelin
Ned Zeppelin's picture

Let's face it. The TBTFs have engorged themselves on the Fed's feast, and have thereby allowed themselves to be fattened up for the political kill, imagining that those in power would never turn against them.  They have had good reason to think that. We'll see.

Tue, 04/20/2010 - 02:43 | 309044 Fraud-Esq
Fraud-Esq's picture

Perhaps you're correct. I do find it interesting that the SEC filed on this particular and unique fact scenario, rather than say....the TCW-Goldman/AIG heist. This case is pretty particular in that it deals with specific representations rather than a general scheme. Had the SEC filed on a general scheme case, like changing the collateral in already insured  CDO products, the market would have reacted worse. This case, while meaningful, might have less breadth. Trying to claw back $35 billion for AIG would have an impact. 

Mon, 04/19/2010 - 22:01 | 308899 Village Idiot
Village Idiot's picture

Thread Hijack - someone is talking smack about TD over on Financial Sense.  FYI - 

Mon, 04/19/2010 - 22:39 | 308908 John McCloy
John McCloy's picture

Sites like Zero Hedge have finally shone the necessary light on these disgraceful practices for the first time in the direction of Wall Street. They are scared and they do not know how to operate unless in the darkness and will attack sites like Zero Hedge with every dollar at their disposal to try to discredit them before they end their way of life.

The mafia was only able to exist and function as well and long as it did because Hoover refused to acknowledge them. Wall Street is going through a similar process. They serve NO PURPOSE. There are many people who can lend money not just Wall Street. I can buy stocks myself in a company with Etrade s omeresearch and a stock exchange.

Explain to me why I need a GS or Merrill?

Their way of life is ending and they brought it upon on themselves instead of offering productive unjaded information and analysis.

Mon, 04/19/2010 - 23:16 | 308958 Frankie Carbone
Frankie Carbone's picture

Huh? I know the author of that article. He's an intelligent, sober thinking investor. In fact, I've had strong disagreements with him on this issue. 


That is, until I just read his op-ed. That's a damn good argument that he just put forth. 

This is just plain nutjobbery. Erik's not a secret agent for the squid. He's a private investor for God's sakes. 



Tue, 04/20/2010 - 10:37 | 309196 buster bucani
buster bucani's picture

frankie, frankie, frankie..... whats up hoss? despite my sense of smell no longer being that sharp (age and whiskey perhaps), I do detect the pungent odor of human spoor wafting from your buddy eric townsend, his dirty little piece of disinformation  ( and from you too!

you say "Huh? I know the author of that article. He's an intelligent, sober thinking investor..."

I say, "WTF is up with you, frankie-boy?" Your tepid defense of your bro who attacked GATA for their fearless leadership all these years and ZH/eric king for being excellent messengers in shining light where the sun dont usually shine is as pathetically confused as it is objectionable. Suggest you exercise more care in the future with respect to the selection of your coprophagist soul mates!!! Believe me when I say that I am doing my very best to be restrained and polite here.

If this is not a perfect demonstration of "shyster-guilt by association," I dont know what is.

Tue, 04/20/2010 - 19:12 | 310094 Crime of the Century
Crime of the Century's picture

I believe he confused Andrew McGuire with Adrian Douglas at one point, and he completely glossed over the leverage issue in the context of "paper hedging paper". I'll show him deference in the call to heed Ted Butler's admonition (to keep the CFTC comments focused), but OBVIOUSLY, Ted Butler doesn't share his opinion of Eric King - and likely not GATA or ZH either. The Puplava's have my respect, but nobody should have their head in the sand when it comes to the game the CBs/BBs run on precious metals. Their own words have confirmed it

Tue, 04/20/2010 - 00:32 | 309003 JohnKing
JohnKing's picture

The banks are failures masquerading as successes. They have no reason to exist in a free market economy. They failed.. bye bye..end of story. Let others come forth and replace them with a better mousetrap instead of propping them up as if they were necessary.

Tue, 04/20/2010 - 11:30 | 309315 Miss Expectations
Miss Expectations's picture

Hope you don't mind, it thought I'd add an excerpt:


In the reader comments area under Durden’s article, Jim Puplava is lambasted and labeled a “PumpMonkey”. The words used there with reference to Mr. Christian cannot be quoted in polite company. It would seem that the ZeroHedge community is hell bent on perceiving a conspiracy to exist where none does. A couple of sensible commentators tried to point out that Mr. Christian’s testimony was entirely factual and no cause for concern, but they were quickly silenced with personal insults and ad hominem attacks. ZeroHedge readers are a reality-resistant community, it would seem.

Mr. Durden seems to enjoy tearing apart other authors’ articles and assaulting their arguments, often with abrasive language. I suppose that this article might become the target of another such attack by Mr. Durden. As I contemplate that possibility, Clint Eastwood’s famous line from the film Dirty Harry comes immediately to mind: Go ahead, punk. Make my day.

Mon, 04/19/2010 - 22:04 | 308902 chindit13
chindit13's picture

Over at Obama Central, aka HuffPost, there is an article by Vicky Ward saying that Goldman spent the weekend on the phone repeatedly calling former employees and former customers telling them to play nice.  Her conclusion is if there is nothing to hide, there is no need for the browbeating.

Imagine the frustration of being a Master of the Universe but not being able to control every last variable.  The mind shudders.

Mon, 04/19/2010 - 22:10 | 308907 tip e. canoe
tip e. canoe's picture

chaos is a bitch

Tue, 04/20/2010 - 00:43 | 309007 JohnKing
JohnKing's picture

They called everyone to obfuscate the witness tampering they did with a handful.

Tue, 04/20/2010 - 06:09 | 309068 Ned Zeppelin
Ned Zeppelin's picture

Same frantic phone call was made to Immelt to get Cramer and Burnett talking up GS's defenses, and Steve Liesman's article about the guy from Paulosn spewing that nonsense about Paulson not really having a role in picking the Abacus reference securities. Panic and urge to manage a situation that could spiral out of control and bring down the house.

Mon, 04/19/2010 - 22:14 | 308912 doublethink
doublethink's picture


And for the defense...


According to POLITICO, the firm has hired Greg Craig, Barack Obama's former White House Counsel, and one of the lawyers who saved Bill Clinton from being impeached.


Mon, 04/19/2010 - 22:50 | 308942 Amish Hacker
Amish Hacker's picture

Um, I think Clinton was impeached:


Mon, 04/19/2010 - 22:54 | 308948 JohnG
JohnG's picture

Uhhhhh, Old Bill was impeached, yes?

No prob with Monica.....take a look at Hillary.

Still....I do so much like cigars!!

Mon, 04/19/2010 - 22:27 | 308913 mynhair
mynhair's picture

If Clinton put her in, she should be well versed in racketeering.

Practice makes perfect, and all.

Futures, any one?

Mon, 04/19/2010 - 22:20 | 308917 msjimmied
msjimmied's picture

SEC lead ligitation counsel, Richard E Simpson sounds aptly named. Great article...


Mon, 04/19/2010 - 22:58 | 308951 Mitchman
Mitchman's picture

Interesting point about the "kiss of death but not likely a client like Goldman would be without its lawyer over a weekend.  Either Blankcheck or the Chief Counsel had the lawyers cell number. 

Mon, 04/19/2010 - 22:26 | 308922 fsudirectory
fsudirectory's picture

Would be the shit if we got back that AIG money from GS.

Wonder if they wish they had clawback options on those bonuses from this Q....

Mon, 04/19/2010 - 22:39 | 308930 Mitchman
Mitchman's picture

Didn't see the 1Q bonus story picked up anywhere else other than the Times of London.  Anyone else?

Mon, 04/19/2010 - 22:29 | 308926 Psquared
Psquared's picture

I'm going to take a wild fucking guess here and say that we are safer with Democratic reform than Republican reform. We may be caught between the devil and the deep blue sea, but after watching Bill Moyer's Journal the other night and listening to Simon Johnson I have NO faith that Republicans are doing anything except protecting their re-election committees fund-raising efforts. Not that Dems don't take GS and BAC money too, but maybe they don't think they have been getting enough.

Does anyone have ANY freaking clue about who to trust on financial regulatory reform?

Mon, 04/19/2010 - 22:37 | 308929 Mitchman
Mitchman's picture

Don't trust any legislation that has the word "reform" attached to it regardless of the sponsor.  As in health care "reform", financial "reform", immigration "reform", education "reform", campaign finance "reform", etc. You have read "1984", I presume? 

Tue, 04/20/2010 - 00:35 | 309004 JohnKing
JohnKing's picture

Reform isn't necessary, jail is. It's amazing how a a bank robber gets tossed into prison, they don't hold hearings on bank security and reform while he continues to ply his trade.


No prosecution, no reform.

Tue, 04/20/2010 - 01:15 | 309024 Rick64
Rick64's picture

Good point. The reform we need is called accountability.

Tue, 04/20/2010 - 02:01 | 309035 Alexandra Hamilton
Alexandra Hamilton's picture

Read the bill and make up your own mind.

Tue, 04/20/2010 - 07:42 | 309083 JohnKing
JohnKing's picture

The reform bill by Dodd just gives more secret power to the Federal Reserve. It's not reform. The decision to bail out the criminal class was political, the world would not have ended had they failed. They have only succeeded in delaying the inevitable.

Tue, 04/20/2010 - 02:47 | 309045 Fraud-Esq
Fraud-Esq's picture

We should work to create a third choice but not give up going with the better of the two before that goal is met.

Mon, 04/19/2010 - 22:40 | 308932 williambanzai7
Mon, 04/19/2010 - 22:43 | 308934 Tart
Tart's picture

Surely having a hanging judge knowledgeable in the ways of organized crime and racketeering with a democrat lean trumps a vote that's already passed but wasn't unanimous. What say you Hairy Wanker?

Mon, 04/19/2010 - 22:51 | 308947 myshadow
myshadow's picture

This was posted on with a reference to politico.  It seems the squid has just hired the first guy obama threw under the bus.  Greg Craig is a serious progressive and was in charge of the Gitmo dissolution.  That didn't go so well and rahm got him fired.

Mon, 04/19/2010 - 23:12 | 308957 Engineer Guy
Engineer Guy's picture

Before assuming a D appointed judge will be tougher on GS ..please note that contrary to popular perception ..Goldman's giving to politicians runs 3:1 Ds over Rs .   It's never clear who owns who in this Washington - Wall Street axis.   The only thing to be sure of is that if you're not part of one or the other, you're going to get robbed.  

After all, all the media wants is a good "pageant" story (i.e bread and circuses).

Tue, 04/20/2010 - 00:28 | 308980 Bow Tie
Bow Tie's picture

racketeering implies more than one party, internal corruption. we know the fed is the main enabler/accomplice in this scheme, therefore chances of the whole truth being uncovered are nil.

likely scenario: goldman - slap on the wrist, hefty fines at best. more fed regulation as solution :/

Tue, 04/20/2010 - 02:25 | 308999 sweet ebony diamond
sweet ebony diamond's picture

i know why bernanke, blankfein, dimon, etc. think they are correct - however, they are a couple of sandwiches short of a picnic.

they need to be carted off to the insane asylum

Tue, 04/20/2010 - 00:30 | 309000 Thurifer
Thurifer's picture
Fried Calamari





  • Vegetable oil, for deep-frying
  • 1 pound clean squid with tentacles, bodies cut into 1/3- to 1/2-inch-thick rings
  • 2 cups all-purpose flour
  • 2 tablespoons dried parsley
  • Salt and freshly ground black pepper
  • 2 lemons, cut into wedges
  • 1 cup simple tomato sauce, recipe follows or jarred marinara sauce, warmed

Pour enough oil into a heavy large saucepan to reach the depth of 3 inches. Heat over medium heat to 350 degrees F. Mix the flour, parsley, salt, and pepper in a large bowl. Working in small batches, toss the squid into the flour mixture to coat. Carefully add the squid to the oil and fry until crisp and very pale golden, about 1 minute per batch. Using tongs or a slotted spoon, transfer the fried calamari to a paper-towel lined plate to drain.

Place the fried calamari and lemon wedges on a clean plate. Sprinkle with salt. Serve with the marinara sauce.


Simple Tomato Sauce:


  • 1/2 cup extra-virgin olive oil
  • 1 small onion, chopped
  • 2 cloves garlic, chopped
  • 1 stalk celery, chopped
  • 1 carrot, chopped
  • Sea salt and freshly ground black pepper
  • 2 (32-ounce) cans crushed tomatoes
  • 2 dried bay leaves
  • 4 tablespoons unsalted butter, optional

In a large casserole pot, heat oil over medium high heat. Add onion and garlic and saute until soft and translucent, about 5 to 10 minutes. Add celery and carrots and season with salt and pepper. Saute until all the vegetables are soft, about 5 to 10 minutes. Add tomatoes and bay leaves and simmer uncovered on low heat for 1 hour or until thick. Remove bay leaves and check for seasoning. If sauce still tastes acidic, add unsalted butter, 1 tablespoon at a time to round out the flavors.

Add 1/2 the tomato sauce into the bowl of a food processor. Process until smooth. Continue with remaining tomato sauce.

If not using all the sauce, allow it to cool completely and pour 1 to 2 cup portions into freezer plastic bags. This will freeze up to 6 months.

Yield: 6 cups

Prep Time: 15 minutes

Cook Time: 1 hour 15 minutes

East of preparation: easy

Tue, 04/20/2010 - 03:34 | 309056 Lord Peter Pipsqueak
Lord Peter Pipsqueak's picture

As many have already pointed out,fines for crimes like these(and the ratings agencies Moody's Fitch,S&P should all be in there),is like demanding a drug dealer pays his fine with a few kg's of coke.


Money is the commodity these animals deal in,so why let them just pay the fine with it?,they will simply perpetrate another series of crimes or fraudulent deals to pay the fine.

Long jail terms in prison ar the only deterrent.Don't hold your breath.

Tue, 04/20/2010 - 08:55 | 309128 Inspector Asset
Inspector Asset's picture

I think we should nominate Tyler Durden for a Nobel Peace Prize.  Anyone else?  His deserves it more then Obama.


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