Sanford's Brad Hintz Explains Why There Will Never Be Any Justice In America

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Wed, 06/01/2011 - 10:51 | 1328572 Mongo
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Wed, 06/01/2011 - 11:11 | 1328710 Henry Chinaski
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The financial system will collapse anyway.  In other news...

I have been thinking about how POTUS might be reelected.

Those who are paying attention are aware of the following:

  1. The economic system has not been fixed and the real correction is yet to come.
  2. The banksters who caused the most damage have not been proscecuted for their crimes, in fact they have continued to profit from them.
  3. Most people are not paying attention.

A potental part of the relection strategy could involve something like the following:

  1. The postponed economic crash hits in late 2011 (no QE3), just as the presidential elections come into focus for the average voter.
  2. POTUS identifiest the banksters as the culprits and prosecutes prominent Wall St execs, complete with big media perp walks, gory opulent lifestyle details, tv trials, big fines, etc. 
  3. POTUS gets credit for cleaning up Wall Street and looking out for the little guy. 
  4. Little guy relects POTUS.

The following recent media items prompted this idea that the groundwork is being laid:

Wed, 06/01/2011 - 11:26 | 1328837 MisterAmbassador
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Ha.  You still think there will be elections in 2012.  FDR could have seized dictatorial powers easily.  Obama will if everything collapses.  The framework is already in place.

Wed, 06/01/2011 - 11:32 | 1328879 trav7777
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Obama is a homo with so many skeletons in his closet that he could start his own graveyard.

Someone who is going to "turn" will have to be less compromised.  And have the spine for it.  Bambi has been an AA baby his entire life; he's not looking for conflict or to stand for anything.  He's looking to be put on a pedestal.

Wed, 06/01/2011 - 11:50 | 1328972 mayhem_korner
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Never let a good crisis go to waste...

Whaddaya think about throwing Biden under the bus to make room for Rahm as Veep?  (speaking of Biden, it occurs to me that plagiarism is such a lesser crime these days...)

Wed, 06/01/2011 - 12:02 | 1329035 davepowers
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yeah, can you imagine that there was once a day when mere plagiarism matter?

Wed, 06/01/2011 - 11:57 | 1329026 f16hoser
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Makes sense. However, Americans love Big Lies and Half Truths. Obama will get reelected on that. No problem. Now, if people are starving around election time than things could be different. I don't see that though since food stamps are on the rise and JPM profits handsomely off food stamps so this will continue. I suspect, some ugly smelly TSA agent will tell me how to vote in the next election. I was gonna move to Texas but apparently their state govt. has been Captured by the FED's. Oh well..... 

Wed, 06/01/2011 - 12:51 | 1329272 SeanJKerrigan
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What happens if JPM falls apart / goes to hell?  What happens to food stamp distribution?  I guess by that point, it doesn't really matter since in order for JPM to go out of business we'd already be in an apocolypse scenario.

Wed, 06/01/2011 - 14:01 | 1329588 sgt_doom
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Please read below, SeanJKerrigan, as the above poster got it right with JPMC.  And all roads to Goldman always seem to lead back to the, go figure?

The Great Conspiracy

After Louis Brandeis’ wrote the brilliant Other People’s Money and How the Bankers Use It, paving the way for the eventual legislation known as the New Deal, the power elites focused on a concentrated effort to hide and obscure their wealth and ownership through an ever-expanding network of holding companies, foundations, trusts, and evolving with the addition of offshore finance centers and tax havens in the 1960s.

We have been exposed to countless low-ball estimates of the trillion dollars or so hidden offshore, and various low-ball estimates of monies lost to infinite tax avoidance and tax evasion schemes but really, nobody knows the accurate numbers.

And why is that?  Because they’ve structured it to be legal to hide ownership and wealth, and illegal to uncover that ownership.

This was by design, it didn’t “just happen” – it wasn’t the result of “unintended consequences.”

And, with the establishment of their financial-intelligence-complex during World War II, i.e., the creation of the intelligence framework, ostensibly for national security purposes, but having nothing to do with such, instead for wealth acquisition and control through financial and global intelligence interception and manipulation, they greatly facilitated their goals.

Those parties involved with this, of course, were members of the Rockefeller family, Averell Harriman, the Mellon family, Robert Lovett, the Dulles brothers, Richard Bissell (whose brilliance and achievements are still relatively unknown) and Frank Wisner, Sr.

The end result has been wildly successful!

Today, almost no American alive knows the ownership of anything!

One is reminded of the article by a “business journalist” at the Arizona Business Journal some years back who erroneously reported an obscure REIT had purchased the then largest private equity firm in the world, the Blackstone Group.  (The reverse, of course, had taken place; the Blackstone Group had purchased the REIT.)

Similarly, a few years back, the Puget Sound Business Journal listed a small company (4 employees) as the largest employer in Washington state!  Evidently the lack of fact verification not only exists at the Washington Post and the New York Times, but equally among the “business journalists” – truly a shocker.

No wonder those business journals fail to mention that the world’s largest hedge funds are owned by the top banks.  Now why is that shrouded in mystery?

The standard reply to who owns this bank, or that oil company, or this pharmaceutical corporation, is always the same:  the shareholders, or occasionally, it is a “privately held corporation.”

Who owns JP Morgan Chase?  Morgan Stanley?  Goldman Sachs?  ExxonMobil?  BP?  Bank of America?  Citigroup?

Of equal importance, who really are the richest families in North America?  These questions are not only crucial but highly interrelated.

Yes, there is that Forbes list of the richest, researched from public information sources, but of relatively little value when so much of the wealth and ownership is hidden!

Let us start with Bank of America.  From an examination of public information sources, one finds that a number of other banks and hedge funds constitute the majority of shareholders of B of A.  Of course, a number of other banks and institutions are the majority shareholders of each of those individual banks who make up the majority shareholders of Bank of America:  a never ending ownership puzzle!

And who owns BP?  The largest shareholder of record is Blackrock, supposedly the largest asset management firm (hedge fund) around.  And the largest chunk of Blackrock is owned by Merrill Lynch, who in turn is owned by Bank of America.

Blackrock is also the majority shareholder of Monsanto.  So now we have BP and Monsanto tracking back to Bank of America, whose ownership no one is really certain of?

We are certain that NationsBank Corporation bought out Bank of America some years back, after Bank of America had given an unsecured $1.4 billion loan to the hedge fund, D.E. Shaw, for Russian bonds which then defaulted and D.E. Shaw was unable to repay Bank of America, leaving B of A highly vulnerable for the takeover by NationsBank Corporation, which then took on the name of Bank of America after the buyout.

We also know that Larry Summers, Jeffrey Sachs and friends, were advising the Russians during this period, and that years later, while Larry Summers was an advisor to Obama during the presidential campaign, D.E. Shaw paid Summers substantial fees for his financial advice.

A peculiar choice, given that Russian bond default?  One wonders who is behind D.E. Shaw?

External analysis, utilizing pattern analysis and link analysis algorithms, indicates that the three richest fortunes in North America are the Rockefeller, Morgan and Mellon families, yet this differs completely with the popular story today.

Examination of empirical data further indicates that the majority ownership of JP Morgan Chase is divided among the Rockefeller family and Morgan family (try and find out who the Morgan family is today!), while majority ownership of Morgan Stanley falls to the Morgan family, Citigroup’s ownership falls to the Rockefeller family.  (Yes, we realize a Saudi sheik is the largest shareholder on record of Citigroup stock.)

The ownership of Bank of America appears to be Mellon money, but this is only extrapolated conjecture and hasn’t yet been verified.

Further examination indicates that the top banks, oil companies, pharmaceuticals and weapons makers (defense contractors) are owned by the same concentrated senior capital pools.

And yet, this is opposite to the popular mythology that fabulous fortunes are dissipated, handed over to foundations to be doled out to the ungrateful masses.

A convenient mythology which ignores those taxes evaded by hiding wealth in those foundations which also conveniently hides the ownership of the banks, oil companies, pharmaceutical corporations and weapons makers through the blocks of stocks and bonds controlled within these foundations.

With over 50,000 foundations in North America, controlling billions and trillions of wealth, it is a wonder we don’t live in a modern day paradise?

So who owns ExxonMobil, Goldman Sachs and the others?

The time, effort and resources to track down the ownership today are stupendous, but one hopes those questions are eventually answered.

And then, perhaps, we shall find out who really owns America?

Wed, 06/01/2011 - 17:26 | 1330419 Bartanist
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Dangerous questions to ask and even more dangerous to let it be known that you know the answers.

If one looks closely at the balance sheets of many of the largest companies, one can see that the common shareholders actually own nothing and everything is owned by the debt holders.

Balance sheets have been scavenged over the years as cronies and family have dominated boards and systematically created both an income stream and made common stock ownership simply betting chips on the crooked wheel that the families run to suck away your money.

Your observation of the interrelatedness of the banks speaks to the way that "finance happens". If I create money as debt and loan it to you then you use it to buy equity, I have been financed. It is how the Federal Reserve Bank became owned by the families. They US government was the only entity that put money in. The Fed then loaned money to the banks/families who then invested in the Fed.

I do not know if historically these families have been killed off over time or they are the same bloodlines reaching from ancient past... an interesting thing to research.

Fri, 06/03/2011 - 07:10 | 1335087 Urban Redneck
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You are searching for T(t)he Ghost in the Machine.  The actual answers to the question are relatively well known, both at the indvidual and corporate level, just not to readers of the trite tripe that is the Forbes 400.  If you want names, then seek a job with the Department of the Treasury.  If you want to understand the banking system and the Federal Reserve, then read up on keiretsu



Wed, 06/01/2011 - 11:12 | 1328743 bonddude
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I'm gonna learn Russian.

Wed, 06/01/2011 - 11:24 | 1328809 President Palin
President Palin's picture

I'm gonna learn Russian.


I think Mandarin might be the better option.

Wed, 06/01/2011 - 11:34 | 1328868 bonddude
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Only if you plan on staying.

Wed, 06/01/2011 - 11:35 | 1328877 Frankie Carbone
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Wed, 06/01/2011 - 12:04 | 1329072 IEVI
IEVI's picture

I think Palin would be a perfect choice for the TPTB..then we can make the full transition to Idiocracy.

Wed, 06/01/2011 - 11:22 | 1328819 Cognitive Dissonance
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It became a widely recognized national security issue back in 1997 and it has been gaining speed since then. In 2006 they even admitted they could legally cook the corporate books and waive the SEC rules.

Intelligence Czar Can Waive SEC Rules


Now, the White House's top spymaster can cite national security to exempt businesses from reporting requirements.


President George W. Bush has bestowed on his intelligence czar, John Negroponte, broad authority, in the name of national security, to excuse publicly traded companies from their usual accounting and securities-disclosure obligations. Notice of the development came in a brief entry in the Federal Register, dated May 5, 2006, that was opaque to the untrained eye.


Great essay by Tom Engelhardt on post-legal America.,_welcome_to_post-legal_america/

Wed, 06/01/2011 - 10:54 | 1328588 TruthInSunshine
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I think 'precaution' was intended to read 'prosecution,' unless we're at stage 'PreCrime' (reference 'Minority Report'), in which case Goldman has been guilty on every level and of every type all along.

Release the precogs.

Wed, 06/01/2011 - 11:16 | 1328748 bonddude
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Wed, 06/01/2011 - 10:50 | 1328589 The Deacon
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It's all just so, complicated.  Too complex and labour-intensive to fix.  Can't we just move on?

Wed, 06/01/2011 - 10:53 | 1328590 snowball777
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Vigilantes, on the other hand, are much less concerned with the fate of the US financial clusterfuck.

Wed, 06/01/2011 - 11:30 | 1328751 GoinFawr
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subtle, and very inciteful.

Wed, 06/01/2011 - 11:28 | 1328830 chinaguy
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And not the "bond" kind of vigilantes few could do so much good....with apologies to Marla........

Wed, 06/01/2011 - 10:53 | 1328591 Nicholaz
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No we just need someone to explain why Brad Hintz is clueless.

Wed, 06/01/2011 - 11:08 | 1328709 oogs66
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It is a sad state of affairs when the best financial writing can be found in Rolling Stone and Vanity Fair.

Wed, 06/01/2011 - 11:17 | 1328757 bonddude
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Word !

Wed, 06/01/2011 - 11:46 | 1328971 Nicholaz
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You have a point there ... +1

Wed, 06/01/2011 - 10:50 | 1328594 GoinFawr
Wed, 06/01/2011 - 10:54 | 1328596 SparkyvonBellagio
SparkyvonBellagio's picture

Take them down and we'll deal with the pain.

That is what is wrong with America today, no one wants to take any 'pain' downside for the better good later on.


What a bunch of F'n Pusssss- wait, lets call them .... CATS!



Seriously, accept some downside for a Purer better form of Life in a few years/decade or so. 




Wed, 06/01/2011 - 10:53 | 1328611 topcallingtroll
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I agree, but we are in the minority.

Wed, 06/01/2011 - 11:00 | 1328656 downrodeo
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...for now

Wed, 06/01/2011 - 11:25 | 1328829 MachoMan
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for always...  So long as humans endure the human condition, the allure of sponging off the rest of society vastly outweighs the desire to be productive.  It's just that sometimes a productive minority decides to call a spade a spade, and that's all it takes...

Wed, 06/01/2011 - 11:53 | 1329007 DaveyJones
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you said it. Get off the sofa and attack the lufa 

Wed, 06/01/2011 - 10:55 | 1328604 Central Wanker
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Wed, 06/01/2011 - 10:52 | 1328606 topcallingtroll
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Wed, 06/01/2011 - 11:05 | 1328692 hedgeless_horseman
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...There Will Never Be Any Justice In America.

So I want you to be totally honest with me how this makes you feel.

Wed, 06/01/2011 - 11:04 | 1328684 tonyw
tonyw's picture

i'm surprised anyone still thinks there is real justice.


Wed, 06/01/2011 - 10:53 | 1328612 alien-IQ
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when the survival of one company is more important that the rule of law, you know you live in a society and nation that is no longer worth defending.

Wed, 06/01/2011 - 11:07 | 1328704 flattrader
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Recently (within the past year and a half) some young men have discussed enlisting with me.  Even the scaled back VA benefits seem worthy of consideration in these tough economic times.

My advice has been "Don't be their bitch" followed by a lengthy economic explanation of how we got "here"--and then backed-up by news stories regarding the abysmal treatment of wounded vets.

They haven't gone anywhere.


Wed, 06/01/2011 - 11:46 | 1328954 FWM
FWM's picture

Good for you.  You did them a huge favor.

Unfortunately, in small towns around this once great country, eventually the only options available to poor white boys will be to join the military.


Wed, 06/01/2011 - 13:12 | 1329381 mattwett12
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Wed, 06/01/2011 - 10:57 | 1328615 svendthrift
svendthrift's picture

It's almost as if there is a conspiracy.

Wed, 06/01/2011 - 10:57 | 1328618 You Lie
You Lie's picture

Do they mean prosecution (not precaution)?

Wed, 06/01/2011 - 10:54 | 1328619 LRC Fan
LRC Fan's picture

This should help us in the quest to close green today. 

Wed, 06/01/2011 - 10:55 | 1328625 Clampit
Clampit's picture

Still not the root cause; it's the financial system than enables our political system; that's the significant entity under attack.

Wed, 06/01/2011 - 10:59 | 1328628 Gimp
Gimp's picture

Its the old "national security" defense Chief...better bring down the dome.

Wed, 06/01/2011 - 11:32 | 1328882 Clampit
Wed, 06/01/2011 - 10:56 | 1328630 Silver Dreamer
Silver Dreamer's picture

When will We the People wake up and realize Lady Justice is a bankster puppet?

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