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Regulators Sleep With Industry Prostitutes … While They Pimp Out the American People
Regulators and Industry "Hook-Up"
There are some real connections between Wall Street and prostitution. See this, this and this.
Instead of using taxpayer-generated bailout money to help the economy, some banking executives used it for prostitutes and other gratifications.
The "regulators" who are supposed to act as watchdogs play a very similar game.
The Hill reported yesterday that investigators from the Treasury’s Office of the Inspector General found that some of the regulator’s employees surfed erotic websites, hired prostitutes and accepted gifts from bank executives … instead of actually working to help the economy.
Likewise, senior SEC employees spent up to 8 hours a day surfing porn sites instead of cracking down on financial crimes.
The Minerals Management Service – the regulator charged with overseeing BP and other oil companies to ensure that oil spills don’t occur – was riddled with “a culture of substance abuse and promiscuity”, which included “sex with industry contacts”.
Government Exists to “Serve” Banks
The chairman of the House banking committee says the role of Congress and federal regulators is to “serve” financial institutions. Two other powerful congressmen say that banks “own” Congress.
There’s no recovery because the government made it official policy not to prosecute fraud (and see this, this, this, and this).
The cop is on the take … and the government’s only actions are to cover up the fraud (and see this) and to leave the people holding the bag.
When New York Federal Reserve boss (now Treasury Secretary) Tim Geithner learned about the Libor scandal – he didn’t do anything … he simply parroted the banks’ own recommendations.
Indeed, the banks wrote the financial “reform” legislation, and “own” the regulatory apparatus.
Not only are the regulators are wholly captured, bought and paid for and figuratively in bed with the people they're supposed to regulate, they are - as show above - literally in bed with them.
While pimping us out ...
Not Prostitutes … But Pimps
Famed trend forecaster Gerald Celente wrote last year:
Politics today is little more than legalized prostitution. While a streetwalker gets busted for selling her body to a john, politicians get rewarded with campaign contributions for selling their souls to a corporation or lobbyist. With all of the whoring going on – the money exchanged and the pleasures lavished – the only
one actually getting screwed was John Q. Public.
And we noted in 2009:
Many people have called politicians prostitutes.
***
But the prostitution analogy is inaccurate.
Specifically, as the chairman of the Department of Economics at George Mason University (Donald J. Boudreaux) points out:
Real whores, after all, personally supply the services their customers seek. Prostitutes do not steal; their customers pay them voluntarily. And their customers pay only with money belonging to these customers.In contrast, members of Congress routinely truck and barter with other people’s property…
Members of Congress are less like whores than they are like pimps for persons unwillingly conscripted to perform unpleasant services.
Consider, for example, agricultural subsidies. Each year a handful of farmers and agribusinesses receive billions of taxpayer dollars. These are dollars that government forcibly takes from the pockets of taxpayers and then transfers to farmers.
The customers, in this case, are the farmers and agribusinesses. The suppliers of the services performed for these customers are taxpayers, for it’s the taxpayers who possess the ultimate asset — money — that farmers and agribusinesses lust after. And the intermediaries who oblige the suppliers to satisfy the base lusts of the customers are politicians. Just as pimps facilitate their customers’ access to prostitutes’ assets, politicians facilitate their customers’ access to taxpayers’ assets.
We taxpayers have less say in the matter than we like to think. Sure, we can vote. But if even just 50.00001 percent of voters cast their ballots for the candidate proposing higher taxes, the assets of not only our pro-tax citizens, but also those of the remaining 49.00009 percent of us anti-tax citizens are put at the disposal of our pimps’ customers. (And note that many of those who vote for higher taxes are not among those persons actually subject to higher taxation)…
Politicians force taxpayers to pony it up — just as the services rendered for a pimp’s customers are rendered not by that pimp personally, but by the ladies under his charge. The pimp pockets the bulk of each payment; he’s pleased with the transaction. His customer gets serviced well in return; he’s pleased with the transaction. The only loser is the prostitute forced to share her precious assets with strangers whom she doesn’t particularly care for and who care nothing for her.
Also like the ladies under pimps’ power, taxpayers who resist being exploited risk serious consequences to their persons and pocketbooks. Uncle Sam doesn’t treat kindly taxpayers who try to avoid the obligations that he assigns to them. Government is a great deal more powerful, and often nastier, than is the typical taxpayer. Practically speaking, the taxpayer has little choice but to perform as government demands.
So to call politicians “whores” is to unduly insult women who either choose or who are forced into the profession of prostitution. These women aggress against no one; like all other respectable human beings, they do their best to get by as well as they can without violating other people’s rights.
The real villains in the prostitution arena are those pimps who coerce women into satisfying the lusts of strangers. Such pimps pocket most of the gains earned by the toil and risks involuntarily imposed upon the prostitutes they control. No one thinks this arrangement is fair or justified. No one gives pimps the title of “Honorable.” Decent people don’t care what pimps think or suppose that pimps have any special insights into what is good or bad for the women under their command. Decent people don’t pretend that pimps act chiefly for the benefit of their prostitutes. Decent people believe that pimps should be in prison.
Yet Americans continue to imagine that the typical representative or senator is an upstanding citizen, a human being worthy of being feted and listened to as if he or she possesses some unusually high moral or intellectual stature.
It’s closer to the truth to see politicians as pimps who force ordinary men and women to pony up freedoms and assets for the benefit of clients we call “special-interest groups.”
The Chinese may have a more realistic view of politicians than most Americans do: they believe that prostitutes are more trustworthy than government officials.
Postscript: There are other connections between prostitution and banking fraud. For example, desperate women all over the world are turning to prostitution after being hit by austerity … caused by bank excess and fraud.
And many have noted the parallels between the corrupt systems which allowed Penn State coach Jerry Sandusky to sexually attack boys and the predatory financial system. See this and this.
Fortunately, the mainstream media is working hard to educate us ... oh wait.
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Regulators Sleep With Industry Prostitutes .. and all I got was this lousy t shirt
House roll call on Gramm-Leech-Bliley (repealing Glass Steagall): 57 no votes; 51 Democrats, 5 Republicans
Senate roll call on GLB: 8 no votes; 7 Democrat, 1 Republican
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Lest someone trot out the tired "red team, blue team, what's the difference lie":
Here, I'll walk you through it slowly. Yes, most career politicians do not exhibit a 'conscience' in their legislative behavior. What they DO exhibit is a finely-tuned sensitivity to whether they'll get re-elected or not. When Americans signaled, 1980 to 2008, that the only thing their voted reacted to was the short-term health of their wallets, politicians followed suit. Corruption or it's absense simply has not been reflected in the vote totals - politicians figured "hey, if the voter doesn't care about corruption, why the fuck should I?", and gorged themselves.
If, conversely, corruption starts to play a role in voting behavior...few are quicker to pick up a new scent on the wind than a veteran politician. Like any other issue, it doesn't have to be a night & day difference. Vote for the less corrupt guy. You're trying to make it a morality play: "I'm not voting for any corrupt politcian" - but all that means is that you're not voting. Think of it as voting for the guy who is more in favor of drilling for oil, or moving to greener energy (your choice). Most politicians support both forms of energy to some extent - and you're comfortable voting for the one who's simply more in line with your views. Corruption is not different. Should be, but as adults living in the real world, we know that it simply is not.
more laws and reg require more lawyers and gov workers, thus the ultimate green jobs, pushing papers, then having industry hire more lawyers and paper clerks to respond to paper regs, the only requirement: never ever enforce them on the elite reptiles at the top, no wonder they surf porn all day.
pushing paper, the ultimate green job. just never ever act on it or accuse a protected criminal..kid stealing a loaf of bread to jail for sure.
citaton Parliament of Whores;
http://www.amazon.com/Parliament-Whores-Humorist-Attempts-Government/dp/...
pimps and prostitutes; does this mean Real Estate isnt going up anymore?
where s my no doc loans, its what I need and its my right to buy a house with 5 down and specuate;
you can never lose money in real estate;
My whore; and the ads say that its good for the community? and that houses real estate always goies up;
Shes sez: ITS NOT A HOUSE, ITS AN INVESTMENT IN THE FUTURES;
OH HELL, BANKS AND BROKERS AND THE FED STOLE AND HYPOTHECATED THAT TOO
BUY AND TAKE DELIVERY MORE GOLD, PLATINUM AND SILVER. LOL ON THE DIPS.
The bankers were just providing "liquidity" (pardon the pun) to the hookers.....at least the hookers earned their money.
Ok., so now we know what is going on ( at nauseum in fact ), now what are we going to do about it?
Wait 6 more months. Tops. You heard it here first.
I bet they have kept seeing those Chinese and Korean hookers since they have done with the Russians.
50.00001 + 49.00009 = one hundred and ten percent hustle
now let's go out there and win this one
From your ability with numbers, I'm guessing your a phd. economist.
Wow - grey-bag-on-grey-bag smack. It's getting hot in here spacemonkeys!
Maybe you can both come together over George's headline. Let's break it down:
Regulators Sleep With Industry Prostitutes … While They Pimp Out the American People
Regulators = get laid and paid
Industry people = get paid
American people = the means with which regulators get paid
To summarize: regulator > industry head > average joe.
Thanks GW. This is much simpler and truer than pretending to care about LIBOR manipulation.
ha, ha, how's it feel?
Nobody cares about you (George Carlin)
http://www.youtube.com/watch?v=Yi6XV8yBFoU
Shoot the bankers...this is not news to me.
They're all whores. Period. Congress too. The fucks.
Of course. You've been here for 23 weeks and 7 hours so this is not news to you. You've made your choice - "shoot the bankers".
Pro tip: you shoot the bankers tomorrow. I'm gonna watch Bloomberg Surveillance in the meantime. Because despite my ambiguous feelings about the Fed, I really like Tom Keene.
At least give me thoughts on the bow tie before you take out those bankers. LOL
GW-stop being a Jew -controlled MSM whore concerning Catholic priests(yes it is terrible). the ratio of public school educators(and people associated with it-counselors,janitors,etc)that come into contact with children and commit sexual molestation is vastly higher. everyone know the MSM has an ax to gring with organized religion-except when it concerns the sacrosant Jews and Muslims.
Belief Systems keep us stupid especially those still with us from the age of faith. G.Corley Wallace noted (albeit about demopublicans) 'There's not a dimes worth of difference between them'. El, Allah and God the Father are doppelgangers probably brought back from the Babylon captivity and they along with Brahma, Kronus, Shamash, the yellow emperor of China et.al. all refer back to a fucking planet (hint: Jerusalem means the city of Saturn). Perhaps it is time for us to get up to speed on our history of the period around 6,000 years ago when celestial events in the solar system scared the bejeezus out of us and came close to wiping us out and gave rise to our myths and religions. Lots of info out there to aid in dispelling the dark agey programming.... here's one to start with:
http://www.varchive.org/itb/satwor.htm
otto,
A couple of quick thoughts in response to yours:
-I became a born-again-Jew in no small part to comments like yours on this site. My mom's mom is a Jew (so I guess in some people's eyes' I always was). But the thought of contrasting the nonsensical hate on this site with an everlasting religion that was going to satisfy my soul was just too much to bear.
-On a bit more controversial note, I'm kinda feeling sad for Cass Sunstein. To come up with the idea that the government should hire people to fight conspiracy theories is kinda smart in a weird way, but hiring rejects from the Arby's fryer to actually work the plan is another thing.
Kind of like the economics we were all taught in school...looks great on paper, but in the real world, "sacrosant Jews and Muslims" come into play. LOL
1.) What we need is not ''born again identitarian, supremacist jews'' but people who happen to be of jewish origin who dare to name a spade a spade and address the abuses of their own kind. Like Gilad Atzmon. The world would be a better place.
2.) reproaching someone to ''speak hate'' is simply yet another very tricky attempt to stiffle free speech and wipe abuses under the carpet. For a good reason of course.
Kiss me junker. Keynes wins - so how are you going to spend your remaining days?
http://www.youtube.com/watch?v=3YcNzHOBmk8
Maybe George is simply not aware that there is also a problem with rabbis molesting children, but it seldom makes it to the legal system or the press.
In fairmess to George, I do understand the point he is trying to make: that betrayal of someone in a powerful position is a great tragedy and crime.
thank you george for our daily truth!!!!!!!!!!!
...And FORGIVE US OUR TRESPASSES, as we forgive those who trespass against us. And lead us not into temptation, but DELIVER US FROM EVIL.
For Thine is the kingdom and the power and the glory, forever and ever. Amen
The ONLY thing keeping them alive is our belief in the rules in the Bible, yet so many deny.
The ONLY thing keeping you alive, and here, is FEAR
That's actually pretty profound. Nice work.
As a middle class taxpayer does this make me a vicitim of "human trafficking" by Congressional pimps?
Just call them fascilators rather than regulators. Problem fixed.
Did you mean facilitator or fascile?
...or vacillate?
I think he's talking about a fax machine
Isn't "Boudreaux" a wine (whine)???
too bad "the chairman of the Department of Economics at George Mason University (Donald J. Boudreaux)" can't add 50.00001 and 49.00009 correctly. I guess this is the main reason that people with careers in "economics" can still command a salary greater than $0, just pretend you're not stealing the spread
Um, 99.00010 ? I don't get it.
Does it take one to know one in this case?
No seriously I don't get it. Clue me in.
I saw a regulator talking about how he thought silver was manipulated.
He sure had a purdy mouth.