RoBBeR BeN AND HiS MeRRY SWiNDLeRMeN...

williambanzai7's picture


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The farewell performance of Ben
As his band of the Swindlermen
These thieves have made good
A reverse Robin Hood
It's time to say: "Never Again!"
The Limerick King

 

Behold, Robber Ben and his Seven Merry Swindlermen of Moral Hazard, led by the Maestro of Financial Mayhem himself, Alan Greedspam.

We can all shake our heads in wonderment and disgust at the showers of tributes and accolades now being bestowed on the newly departed Chairsatan of Fraud, Robber Ben Bernanke. The man who saved the global economy by enabling the greatest upward transfer of wealth in history. He who printed enough shitty QE paper to allow the financial swindling class to kick the subprime can by ZIRPing their tracks in mountains of cheap fiat.

We all know what the end of this will be. Precisely when, who can predict? Last time I checked on Twitter and Instagram, the laws of financial gravity have not been rewritten.

Those of us who know better (and our numbers are growing), will not stand by and allow this thieving crew of serial PhD liars, conniving Harvard Soviets and crony corporatists to quietly waltz off the stage of history into their Wall Street feathered nests of sociopathetic self aggrandisement.

Their day to be called to the people's carpet to answer for their shameful crimes against future generations will finally come.

Until that day, look at this picture and remember just "who stole the people's money."

Judge Rackoff recently published a very thoughtful article titled: The Financial Crisis: Why Have No High-Level Executives Been Prosecuted? This is highly recommended reading.

The following excerpts are apropos in relation to the miserable lot depicted above:

"Five years have passed since the onset of what is sometimes called the Great Recession. While the economy has slowly improved, there are still millions of Americans leading lives of quiet desperation: without jobs, without resources, without hope.

Who was to blame? Was it simply a result of negligence, of the kind of inordinate risk-taking commonly called a “bubble,” of an imprudent but innocent failure to maintain adequate reserves for a rainy day? Or was it the result, at least in part, of fraudulent practices, of dubious mortgages portrayed as sound risks and packaged into ever more esoteric financial instruments, the fundamental weaknesses of which were intentionally obscured?

If it was the former—if the recession was due, at worst, to a lack of caution—then the criminal law has no role to play in the aftermath. For in all but a few circumstances (not here relevant), the fierce and fiery weapon called criminal prosecution is directed at intentional misconduct, and nothing less. If the Great Recession was in no part the handiwork of intentionally fraudulent practices by high-level executives, then to prosecute such executives criminally would be “scapegoating” of the most shallow and despicable kind.

But if, by contrast, the Great Recession was in material part the product of intentional fraud, the failure to prosecute those responsible must be judged one of the more egregious failures of the criminal justice system in many years…

I submit, one of the reasons the financial fraud cases have not been brought, especially cases against high-level individuals that would take many years, many investigators, and a great deal of expertise to investigate. But a second, and less salutary, reason for not bringing such cases is the government’s own involvement in the underlying circumstances that led to the financial crisis…

Please do not misunderstand me. I am not suggesting that the government knowingly participated in any of the fraudulent practices alleged by the Financial Inquiry Crisis Commission and others. But what I am suggesting is that the government was deeply involved, from beginning to end, in helping create the conditions that could lead to such fraud, and that this would give a prudent prosecutor pause in deciding whether to indict a CEO who might, with some justice, claim that he was only doing what he fairly believed the government wanted him to do."

Link: www.nybooks.com/articles/archives/2014/jan/09/financial-c...

Intermediate that Squid Face!

WB7

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