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The Farce Must Go On: Senate Suddenly Furious With Eric Holder For Allowing Banks To Become "Too Big To Jail"

Tyler Durden's picture


Or what happens when Wall Street Muppet A is vewy, vewy angwy with Wall Street Muppet B and desperately needs a ratings boost.

* * *

Straight from the best Senate Wall Street taxpayer bailout money and Fed excess reserves (by way of deficit monetization) can buy:

Sens. Brown, Grassley Press Justice Department On "Too Big To Jail"

Senators Question Whether “Too Big to Fail” Status of Some Wall Street Megabanks Undermines Government’s Ability to Prosecute Large Financial Institutions, Impose Appropriate Penalties

Tuesday, January 29, 2013

WASHINGTON, D.C. – U.S. Sens. Sherrod Brown (D-OH) and Chuck Grassley (R-IA) sent a letter today to U.S. Attorney General Eric Holder questioning whether the “too big to fail” status of certain Wall Street megabanks undermines the ability of the federal government to prosecute wrongdoing and impose appropriate penalties.  They also requested that the Justice Department disclose the identities of parties with whom prosecutors consult about the appropriate level of penalties for financial institutions.

“Wall Street megabanks aren’t just too big to fail, they’re increasingly too big to jail,” Brown said. “Already, the nation’s six largest megabanks enjoy what amounts to taxpayer-funded guarantee by virtue of their size, making it harder for regional and community banks to compete. Now, these megabanks may also enjoy some impunity when they violate the law by laundering money or illegally foreclosing on homeowners.  Wall Street should pay the full price of its wrongdoing, not pass the costs along to taxpayers.”

“The best deterrent to crime is to put people in prison,” Grassley said.  “That includes those at powerful banks and corporations.  Unfortunately, we’ve seen little willingness to charge these individuals criminally.  The public deserves an explanation of how the Justice Department arrives at these decisions.”

Brown, who chairs the Senate Banking Subcommittee on Financial Institutions and Consumer Protection, is the author the Safe, Accountable, Fair & Efficient (SAFE) Banking Act, legislation that would prevent any one financial institution from becoming so large and overleveraged that its collapse could put our economy on the brink of collapse or trigger the need for a federal bailout. He also passed legislation with Sen. David Vitter (R-LA) to requiring the Government Accountability Office to study how banks with assets of $500 billion or more benefit from the belief that the government would not let them fail in a crisis.

As Ranking Member of the Judiciary Committee, Grassley has been critical of the Justice Department’s decisions against holding people criminally accountable in financial cases.  He called the Justice Department’s decision to forego any criminal prosecution of HSBC officials involved in that money laundering scandal inexcusable.  And he has questioned the Justice Department about the number of mortgage fraud cases brought forward, revealing a failure to bring significant criminal cases against any of the major banks or financial institutions that have faced civil actions for various frauds. Grassley is the author of the Fraud Enforcement Recovery Act, signed into law in 2009, that was designed to ramp up the government’s response to the crisis and ensure that prosecutors and investigators had the tools needed to combat fraud.

The full text of the letter from Brown and Grassley to Holder can be found below.

January 29, 2013
The Honorable Eric H. Holder, Jr.   
United States Attorney General
U.S. Department of Justice
950 Pennsylvania Avenue, N.W.
Washington, D.C. 20530


Dear Attorney General Holder:


The large number of private and government lawsuits since the global financial crisis continues to undermine public confidence in our financial markets.  This confidence can only be restored by demonstrating that there are consistent rules in place that provide accountability for wrongdoing and deter financial predators.


Unfortunately, many of the settlements between large financial institutions and the federal government involve penalties that are disproportionately low, both in relation to the profits which resulted from those wrongful actions as well as in relation to the costs imposed upon consumers, investors, and the market.


The nature of these settlements has fostered concerns that “too big to fail” Wall Street banks enjoy a favored status, in statute and in enforcement policy.  This perception undermines the public’s confidence in our institutions and in the principal that the law is applied equally in all cases.


On settling with Swiss Bank UBS for Libor manipulation, for example, you said, “[t]he impact on the stability of the financial markets around the world is something we take into consideration.  We reach out to experts outside of the Justice Department to talk about what are the consequences of actions that we might take, what would be the impact of those actions if we want to make particular prosecutive decisions or determinations with regard to a particular institution.”


In an interview with Frontline, outgoing Assistant Attorney General Lanny Breuer defended the Department of Justice’s inability to prosecute large financial institutions by saying, “but in any given case, I think I and prosecutors around the country, being responsible, should speak to regulators, should speak to experts, because if I bring a case against institution, and as a result of bringing that case, there’s some huge economic effect — if it creates a ripple effect so that suddenly, counterparties and other financial institutions or other companies that had nothing to do with this are affected badly — it’s a factor we need to know and understand.”


These statements raise important questions about the Justice Department’s prosecutorial philosophy.  In order to explore the Justice Department’s treatment of potential criminal activity by large financial institutions, please answer the following questions and provide the following information:


1. Has the Justice Department designated certain institutions whose failure could jeopardize the stability of the financial markets and are thus, “too big to jail”?  If so, please name them.


2. Has the Justice Department ever failed to bring a prosecution against an institution due to concern that their failure could jeopardize financial markets?


3. Are there any entities the Justice Department has entered into settlements with, in which the amount of the settlement reflected a concern that markets could be impacted by such a settlement?  If so, for which entities?


4. Please provide the names of all outside experts consulted by the Justice Department in making prosecutorial decisions regarding financial institutions with over $1 billion in assets.


5. Please provide any compensation contracts for these individuals.


6. How did DOJ ensure that these experts provided unconflicted and unbiased advice to DOJ?


Our markets will only function efficiently if participants believe that all laws will be enforced consistently, and that violators will be punished to the fullest extent of the law.  There should not be one set of rules that apply to Wall Street and another set for the rest of us.


Thank you for your cooperation and attention in this matter.  We would appreciate a response by February 8, 2013.  If you have any questions, please do not hesitate to contact Graham Steele for Senator Brown at (202) 224-2315 or Chris Lucas for Ranking Member Grassley at (202) 224-5225.



Sherrod Brown                                                  Charles E. Grassley

Chairman                                                        Ranking Member

Banking Committee,                                          Judiciary Committee

Subcommittee on Financial Institutions

and Consumer Protection


Don't make the muppets angry. You won't like them when they're angry.


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Tue, 01/29/2013 - 19:37 | 3196805 Groundhog Day
Groundhog Day's picture

Fuck you bernanke, dimon, loydfein etc ec

Tue, 01/29/2013 - 19:47 | 3196842 SilverIsKing
SilverIsKing's picture

Public Servants.  Sure.

Tue, 01/29/2013 - 19:50 | 3196855 krispkritter
krispkritter's picture

I see a hot tub in their futures...PlaceHolder ain't even gonna blink...

Tue, 01/29/2013 - 19:55 | 3196871 CPL
CPL's picture

Long hookers and blow.

Tue, 01/29/2013 - 20:37 | 3197041 gmrpeabody
gmrpeabody's picture

Eric Holder should be prosecuting himself....

Tue, 01/29/2013 - 20:51 | 3197073 flacon
flacon's picture

Q: Department of JUSTICE falls under which of the four branches of US Government? JUDICIAL, EXECUTIVE, LEGISLATIVE, OR BANKING?


A: If you answered Executive you can give yourself a pat on the back. If you answered Judicial then you need to ask yourself why is the DOJ not part of the Judicial branch..... 

Tue, 01/29/2013 - 21:04 | 3197137 Lord Blankcheck
Lord Blankcheck's picture

Banking is not a branch of government, it is the TRUNK of the tree!

Tue, 01/29/2013 - 21:26 | 3197225 Troll Magnet
Troll Magnet's picture

What the fuck is wrong with you all? This is GREAT news! Now, Obama, Eric Holder, Donkey Kong and Michael Jackson are ON IT!  THEY GOT THIS!  Woo hoo!  Liberty and Justice for All, Bitchez!!!  

Tue, 01/29/2013 - 21:29 | 3197234 Manthong
Manthong's picture

I’m sure the DOJ will snap to and step up for truth, justice and the American way..

just like in Fast and Furious, the Black Panther polling intimidation and the obvious phony birth certificate posting.

Tue, 01/29/2013 - 22:06 | 3197363 economics9698
economics9698's picture

Fucking clowns need to pack their shit and go away.

Tue, 01/29/2013 - 22:39 | 3197478 Fish Gone Bad
Fish Gone Bad's picture

Everyone knows that a lot will come of this.  People will go to jail.  There will be heads on pikes.  Yeah, right.

Tue, 01/29/2013 - 23:02 | 3197544 Skateboarder
Skateboarder's picture

Pardon, did you say something? I was too busy staring at my iCrap. Even if you did, I doubt it was as important as what my screen was delighting me with. Something about banks? Yeah... I overdrafted on my checking out the other day and they were like "you owe us 35 bucks," and I'm all like "dude I don't have 35 bucks lol, why do you think I overdrafted?" Whatever...

*goes back to staring at iCrap*

Wed, 01/30/2013 - 00:16 | 3197747 cynicalskeptic
cynicalskeptic's picture

u gotta stop paying for porn on your iCrap - plenty of free stuff out there.....

Wed, 01/30/2013 - 04:36 | 3198027 Harlequin001
Harlequin001's picture

Hang on, I thought the job of preventing banks from becoming too big to fail fell to Bernanke.


Wed, 01/30/2013 - 08:04 | 3198142 GetZeeGold
GetZeeGold's picture


Bernanke doesn't work for the government....screw your head on straight amigo.

Wed, 01/30/2013 - 09:28 | 3198267 WTFUD
WTFUD's picture

oh yes he does; oh no he doesn't; oh yes he fucking does!
maybe not in legal term but in Real terms.
who be gubbament?

Wed, 01/30/2013 - 08:16 | 3198153 Ghordius
Ghordius's picture

nope. the job of making sure that banks don't grow like cancer lies in congress - the lawmakers (who are elected by the people)

who did the job, loooong time ago, also by segregating the various kinds of banks - retail, merchant/investment, etc

then we had a wave of "this is nonsense, banks can regulate themselves", spearheaded by people like Greenspan - who nearly nobody attacks here because he was leaning libertarian

Clinton signed the death-to-bank-regulation laws in 1999, though Reagan did his part earlier with the resolution of the Savings & Loans crisis

the FED's job in banking is only to be the hands-on regulator and the "lender of last resort" - a very ambiguos term

Wed, 01/30/2013 - 04:50 | 3198033 zhandax
zhandax's picture

'Tis but a soundbite (aimed at your favorite 'continue the ponzi' outlet)....

Tue, 01/29/2013 - 21:27 | 3197231 FEDbuster
FEDbuster's picture

As long as Jon Corzine is free, there is no rule of law.

Tue, 01/29/2013 - 21:51 | 3197308 disabledvet
disabledvet's picture

Yep...having said that "what's the news here?" British Petroleum was charged with criminal negligence. And how is Mr.'Petroleum doing in hooch gow? "As long as he cuts the check just fine thank you very much." the fact is our extotionate Government is just envious that the Banks found a way to out exort even them. And the answer to what is fundamtenally a question and never an answer at all is "grow the economy stupid." if Government understood how to do anything but take money out of The People's pockets then I would find such rhetoric commendable. Nay, veerily "the banks are just weapons with a far more effective means of taxing" (namely by getting people hooked on credit....with the caveat that all data on said People belongs to them and not the Government.) "Doing more with less" is not some riddle. You OWN(ed?) General Motors Government. If the only lesson you learned from the collapse of 2008 is "oil can never be too over priced" then the loss of a multitude of Federal Agencies should be the EXPECTED outcome. I mean we did RATION commodities ESPECIALLY oil to fight and win WW 2. Would appear we have a policy to do the exact opposite "on our way to victory" this time.

Wed, 01/30/2013 - 00:11 | 3197732 RebelDevil
RebelDevil's picture

Or it's more like the law is meant for everyone BUT God's chosen people of bankers, who are doing "God's work".

Wed, 01/30/2013 - 07:23 | 3198108 Shevva
Shevva's picture

Yer but a few billion people on this planet believe he will have to explain 'Doing GODs work' to GOD at some point.

Remember 'money is evil'.

Wed, 01/30/2013 - 00:16 | 3197746 Totentänzerlied
Totentänzerlied's picture

Yeah him and the whole Bush White House administration. And Clinton's too.

Wed, 01/30/2013 - 02:54 | 3197960 e_goldstein
e_goldstein's picture

Who the fuck downvoted you?

Could the honorable asshole actually read ZH?

Wed, 01/30/2013 - 08:06 | 3198144 GetZeeGold
GetZeeGold's picture



I bet the asshole does.

Tue, 01/29/2013 - 21:09 | 3197158 donsluck
donsluck's picture

Get a clue. Executive enforces, legislative writes and judicial interprets the law. Do a Google on the Constitution.

Wed, 01/30/2013 - 01:28 | 3197882 TPTB_r_TBTF
TPTB_r_TBTF's picture

Get a clue.


  • Executive Orders
  • Lobbyists write
  • Judicial makes it fit


Wed, 01/30/2013 - 08:08 | 3198146 GetZeeGold
GetZeeGold's picture



It's time to formally give up on the Constitution......and just wing it.


You we have been doing.

Wed, 01/30/2013 - 07:09 | 3198101 Troy Ounce
Troy Ounce's picture


Just help me, will you: is the word "constitution" one word or two?

Wed, 01/30/2013 - 07:56 | 3198135 onthesquare
onthesquare's picture

spell it anyway you want.  First they steal the words then they change their meaning.  Voltaire?

Tue, 01/29/2013 - 20:57 | 3197106 Pure Evil
Pure Evil's picture

Impossible! He's too busy sniffing Moochella's dress shields and Oboomoo's jock strap while watching trannie porn.

Tue, 01/29/2013 - 21:25 | 3197224 max2205
max2205's picture

Lip service

Tue, 01/29/2013 - 21:00 | 3197124 kchrisc
kchrisc's picture

Holder, what can be said?!

Here's a man who commits treason with treasonous laws and then violates his own treasonous laws.

I sure wouldn't want to play 'Monopoly' against him.           hujel

Tue, 01/29/2013 - 21:39 | 3197264 Dr. Richard Head
Dr. Richard Head's picture

Fuck Sherrod Brown. This is the same fuck that was quoted as receiving over 2,000 calls, emails, faxes, and visits from those opposing TARP. Fucktard voted for it anyways. He knew what was better for us.
He opened that Pandora's box out in front of everyone and against prevailing popular dissent. He can go fist fuck himself at the Rock n Roll Hall of Fame as far as I am concerned. Fuck him and his reporter/lobbyist cunt wife.

Tue, 01/29/2013 - 21:56 | 3197324 Dr. Richard Head
Dr. Richard Head's picture

And fuck supposed conservative Republican senator opposition that also voted for this too. Band of thieves.

Wed, 01/30/2013 - 01:39 | 3197901 TPTB_r_TBTF
TPTB_r_TBTF's picture

The squeaky wheel gets the grease.


When a Congressman spouts off against TPTB, you can be sure that it is time to renegotiate his keep-quiet contract.  An agent of TPTB will contact these guys soon, and they will STFU.  Either their palms will get more grease, or they will be shown photos or other "evidence" to "encourage" them to STFU.

In any case, these guys will soon STFU.

Tue, 01/29/2013 - 23:04 | 3197556 Redhotfill
Redhotfill's picture

+1 for the Monopoly comment!

Tue, 01/29/2013 - 21:03 | 3197138 Bicycle Repairman
Bicycle Repairman's picture

Holy moly, this is a BIPARTISAN effort.

Up next a Robert Welch moment.

Just fooling. The bankers are running this show.

Tue, 01/29/2013 - 23:18 | 3197604 Dr. Richard Head
Dr. Richard Head's picture

If people had longer attention spans than that which is required to cover a sports season. Those people would remember orchestrated takedowns of markets as a distraction to vote in legislative monsters to keep the ball rolling. Flash crashes during debt ceiling. Flash crashes during audit the fed bills. Flash crashes for bailouts. Flash crashes because Bernanke wipes his ass sideways.

But go ahead and list those atrocities to your neighbor. Most will simply call you a loon.

Tue, 01/29/2013 - 21:18 | 3197198 Vendetta
Vendetta's picture

DoJ could be convicted of obstruction of justice, possibly complicity after the fact

Wed, 01/30/2013 - 01:03 | 3197820 Dieselclam
Dieselclam's picture


Wed, 01/30/2013 - 01:00 | 3197824 Dieselclam
Dieselclam's picture

Fat chance.

Wed, 01/30/2013 - 08:03 | 3198141 onthesquare
onthesquare's picture

Who convicts the DOJ? and who will care?  If it happened it would take longer than a supreme court judges life span.  The paper work would fill building 7. If anyone was convicted they would be pardoned and given a big bonus.  Vive Le revolution.  It way past getting the train back on the tracks.

Tue, 01/29/2013 - 22:42 | 3197485 Fish Gone Bad
Fish Gone Bad's picture

Eric Holder should be prosecuting himself....

Eric Holder is prostituting himself....

There, I fixed it for you.


Wed, 01/30/2013 - 00:17 | 3197749 cynicalskeptic
cynicalskeptic's picture

and VERY profitably too......    bet he makes a LOT more than your typical DC 'escort'

Wed, 01/30/2013 - 20:47 | 3200877 Debt-Is-Not-Money
Debt-Is-Not-Money's picture

Conflict of interest!

Tue, 01/29/2013 - 20:02 | 3196888 DoChenRollingBearing
DoChenRollingBearing's picture

Eric Who won't even look at Biggest P.O.S. on Planet Earth TM Jon Corzine.

No hope until some of these TBTF/TPTB go to jail.  No hope...

Tue, 01/29/2013 - 20:07 | 3196918 bank guy in Brussels
bank guy in Brussels's picture

And all those Judiciary Committee people are intensely aware of the 1990s 'unsolved' murder of House Judiciary Committee Congressman Sonny Bono, the singer of Sonny & Cher ...

Tho perhaps abusive to Ms Cher in younger days ... Sonny Bono became a US Congressman on the key House Judiciary Committee with the ability to investigate corruption at America's highest levels

Sonny Bono was murdered in 1998 doing exactly that ... media cover-up claimed it was a 'ski accident' and that excellent skier Sonny went head-on into a tree and died ... totally bogus, even ex-FBI people say it was a murder

Like US Senator Paul Wellstone in 2002, after opposing the US Iraq War ... 'accident'

Or US Congressman Wayne Owens in Israel in 2002, found dead while investigating some Israeli corruption ... 'unsolved'

Or US Federal Judge John Roll shot dead in Arizona in 2011 shortly after ruling against Obama and the US gov't ... drugged up 'lone gunman' promptly supplied, 'confessing' and otherwise barely seen

Wed, 01/30/2013 - 05:53 | 3198044 Radical Marijuana
Radical Marijuana's picture

YES! The assassination of politicians who refused to be puppets is the most important way that the system of covert organized crime could take control of the government, and lead us to the state we are in today. The same things as John Perkins writes about "economic hitmen" and the "jackals" operating in other countries already operated within the USA. The methods of organized crimes, such as bribery, intimidation, as well as sometimes assassinations, have been happening for more than Century, in the USA, automatically getting worse, as they became more successful.

The fundamental system is based on FRAUD, backed up by the force of government. The basic financial system is ALL LEGALIZED LIES, BACKED BY LEGALIZED VIOLENCE. There is nothing about the established privatized, fiat money-as-debt system which is not the result of triumphant organized crime controlling the government, to legalize the counterfeiting of the nation's money supply, for the benefit of the criminals.

What this kind of article talks about is the ways that the biggest gangsters, the banksters, can get away with blatantly breaking the laws that still exist, and which theoretically ought to bind them, under the "rule of law." However, the ways that they break the laws are TRIVIAL compared to the ways that they were able to write the laws in the first place! ... As this article implicitly does, there is not much we can do to psychologically cope with that overall situation, than to develop a more macabre sense of humour, in order to gain some relief from laughing at the magnitudes of evil that are being manifested before us.

Legalized criminality is now the totally established basic foundation of the whole system. That is the overall context in which it becomes more and more painfully obvious that the banksters can break the laws, and get away with it. ... However, there is no reasonable way to do anything about that, which I can see, because of the nature of that covert control over government through applying the methods of organized crime becoming totally triumphant, for more than a Century.

Another recent article on Zero Hedge, Why Are American Voters So Uninformed?

reviews some of the superficial personal reasons why the American democratic republic system is already almost dead. However, it is extremely important to look at the overwhelmingly obvious pattern in American history of how, over and over again, the best politicians, that could not be bribed or intimidated, were assassinated. The best historical exception to that was the way that President Andrew Jackson survived assassination attempts, and (aided by a still free press back then), was able to generate and drive the political will to "kill the bank!"

As far as I know, that is the last time that an American politician was successful in arresting the threat from the banksters, and thereby was able to balance the national budget, and pay off the national debt. However, after President Lincoln was assassinated, everything got worse. Silver was demonetized in 1874, through sneaky legislative tricks, driven by the banksters bribing enough politicians. After that, the true "dollar" and real "money" were sapped. More tricks and corruption pushed through the Federal Reserve Board in 1913, which was the total triumph of a privatized FRAUD capturing control over the government, and thereby, backed by public power, getting constantly more wealthy, and more powerful. The banksters were able buy up control over enough of the mass media to direct public opinion, and paid for the most scientific brainwashing that could be bought, to be regularly used against the American people, through every possible institution, such in the schools of every discipline, and their major journals, etc.!

After 1971, the last traces of the original connection of "money" to metal, limited by the material reality of gold, was GONE, and then the almost perfect runaway exponential growth of total debts in the USA took off. Every possible excuse to make more "money" out of nothing, as debts, in bubble after bubble after bubble, was found and justified, one after another!

THUS, WE HAVE A FUNDAMENTALLY FRAUDULENT FINANCIAL ACCOUNTING SYSTEM. It is impossible to reconcile that with physics or biology, and other science based on energy systems, in any other way than that our "money" is simply legalized fraud, due to our governments being totally taken over by the best organized gang of criminals, covertly applying the methods of organized crime, for a long, long time, in order to become almost totally successful at doing that!

& Similar points were made in a recent Max Keiser show:

Burgers, Banksters & Blackholes


All over the Anglo-American world, the vast majority of the people are political idiots. They may be roused to care about trivial things, but the most important things they are clueless about. Of course, that is NOT an accident, but rather the long-term result of the almost total triumph of prolonged organized crime taking control of the government, in ways which have privatized sovereign powers, so that banksters are the new royalty, who have effectively privatized the powers to rob, and to kill to back up their power to rob the rest of the population. Step by step, the triumphs from the application of the principles of organized crime took close to complete control over the entire civilization. The vast majority of the people are forced to pay for the crimes committed against them! 

PRIVATIZED fiat money, made out of nothing, is forced by governments to be accepted by everyone, as the legal tender that they MUST pay their taxes with. The most important episodes in history which reinforced those developments were the assassinations of politicians who refused to become the banksters' puppets. The covert power to kill politicians in the past has been leveraged up to our money system being backed by murder. That was the crucial core of the real history whereby the debt controls depended upon the death controls, BECAUSE MONEY IS BACKED BY MURDER.

Therefore, no "reforms" within those established systems are possible. No return to silver or gold backed money makes sense, since the REAL problem is that money is backed by murder, and therefore, the only genuine solutions MUST be based on radical paradigm shifts in militarism, so that different murder systems could make and maintain different money systems. The only theoretical solutions to the insanity of society becoming totally dominated and controlled by frauds is to face those central social facts, which are the real roles of the death controls, behind the debt controls.

Of course, instead of that happening in any sane ways, because enough people understand, and organized to effectively resist, in order to create a new system, we are now looking at the runaway exponential growth of murders. From assassinations of a few politicians, to mass murders of hundreds and thousands, in staged false flag attacks, we are probably looking at a future where genocidal wars, along with democidal martial law, beyond our imagination get going, and likely go out of control.

The overwhelming vast majority of people continue to be political idiots, and there are no reasonable grounds to believe that will change in the foreseeable future. Instead, the runaway triumph of controlling civilization through the covert methods of organized crime will continue to grow on the same exponential growth curve that it has been on before. Therefore, we will likely see the debt insanities followed by death insanities. The history of mass murders having previously reached the level of tens of millions, adding up to hundreds of millions, could jump up to the billions.

Bit by bit, the assassination of politicians leads to mass murders of more people than we can imagine, because the entire civilization thereby becomes controlled by runaway frauds, backed by force. The path of runaway legalized lies, backed up by legalized violence, which is the essence of the current global financial system, is towards nearly collective omnicides.

Wed, 01/30/2013 - 06:59 | 3198090 monad
monad's picture

My advice to you is to make a list of every 2 bit leech who exploited you while on the public payroll. Then pay them a visit many years from now to talk; and to make they don't mess up their kids.
What goes around, comes around.

Tue, 01/29/2013 - 20:12 | 3196942 lasvegaspersona
lasvegaspersona's picture

That's the Hon. Jon corzine to you.

Tue, 01/29/2013 - 20:19 | 3196969 DoChenRollingBearing
DoChenRollingBearing's picture

I so regret not living in New Jersey.

Tue, 01/29/2013 - 20:35 | 3197035 Xibalba
Xibalba's picture

The only thing worth anything coming out of Jersey is Springsteen 

Tue, 01/29/2013 - 20:51 | 3197078 davidsmith
davidsmith's picture

Especially watching him slide across the stage at 60+and then having to be helped up.  Hella cool.

Tue, 01/29/2013 - 21:01 | 3197100 AssFire
AssFire's picture

Fuck Springsten- he supported that POS mulatto.

As for Holder:

That Cocksucker only sues states who make laws trying to overcome the failed federal immigration laws he is supposed to defend.

Tue, 01/29/2013 - 21:11 | 3197171 donsluck
donsluck's picture

Jeez you swear a lot. Angry? It won't do you any good.

Tue, 01/29/2013 - 21:31 | 3197244 perchprism
perchprism's picture


Commie fuckhead.  Blow me. 

Role of the DOJ under the Executive Branch:


Department of Justice

The mission of the Department of Justice (DOJ) is to enforce the law and defend the interests of the United States according to the law; to ensure public safety against threats foreign and domestic; to provide federal leadership in preventing and controlling crime; to seek just punishment for those guilty of unlawful behavior; and to ensure fair and impartial administration of justice for all Americans.

The DOJ is comprised of 40 component organizations, including the Drug Enforcement Administration, the Federal Bureau of Investigation, the U.S. Marshals, and the Federal Bureau of Prisons. The Attorney General is the head of the DOJ and chief law enforcement officer of the federal government. The Attorney General represents the United States in legal matters, advises the President and the heads of the executive departments of the government, and occasionally appears in person before the Supreme Court.

With a budget of approximately $25 billion, the DOJ is the world's largest law office and the central agency for the enforcement of federal laws.


Now, we won't bother explaining the 4th branch, BANKING.  They are the pillar of Big Gummint, sans portfolio.




Wed, 01/30/2013 - 03:55 | 3198008 Rusty Shorts
Tue, 01/29/2013 - 22:19 | 3197409 LongSoupLine
LongSoupLine's picture

Swearing does a whole fucking lot of good.  Shit or get off the fucking pot.

Wed, 01/30/2013 - 00:16 | 3197741 bigkahuna
bigkahuna's picture

f that shit - cuz I aint the one - for a punk muthafuc#a with a badge and a gun - to be beatin' on - o' thrown in jail - we can go toe to toe in the middle of the cell!!!

they'd rather see me in the pen than me and Lorenzo rollin' in a BENZO!

Tue, 01/29/2013 - 22:32 | 3197452 Son of Loki
Son of Loki's picture

Aaaahhh New Jersey.  While other kids were getting high sniffing airplane glue, smoking dope and shooting heroin, I simpy strolled thru the rolling hills of Seacaucus, NJ inhaling the natural wonders of what some people call, 'the Garden State."

Tue, 01/29/2013 - 20:16 | 3196954 withnmeans
withnmeans's picture

Don't cha think ANON has something to do with this? It is a sudden shift.......

Power of persuasion.....

Tue, 01/29/2013 - 20:30 | 3197017 NotApplicable
NotApplicable's picture

More like power of psyops. Surely you realize that any amorphous group is chock full o' spooks, regardless of how many legitimate people are involved.

Without infiltration, what's the use of being a spy?

Tue, 01/29/2013 - 20:20 | 3196974 wisefool
wisefool's picture

Corzine was going to be named SEC-TRES in the second term. sarc: He could still have it, but he turned down the position because /sarc. Obama recently declared that

“When the history books are written, Tim Geithner is going to go down as one of our finest secretaries of the Treasury.”

Nobody wants go on after the finest treasury secretary in all of history.

Tue, 01/29/2013 - 22:44 | 3197497 FEDbuster
FEDbuster's picture

No sarc. needed.  Stealing $1.6 Billion from inocent customer accounts looks good on a Sec. of Treasury resume.  He would be in charge of the IRS, who's job is to take FRNs from citizens.

Wed, 01/30/2013 - 20:48 | 3200887 Debt-Is-Not-Money
Debt-Is-Not-Money's picture

"No hope until some of these TBTF/TPTB go to jail.  No hope..."

No hope until ALL of these TBTF/TPTB go to jail.  No hope...

Just a suggestion.

Tue, 01/29/2013 - 20:06 | 3196890 Rainman
Rainman's picture

Oblameo has already explained this to the muppets over a year ago. Wall Street did nothing illegal. They're just immoral. Move along !

Tue, 01/29/2013 - 20:49 | 3197076 williambanzai7
williambanzai7's picture

I thought he said they were savvy businessmen?

Wed, 01/30/2013 - 00:06 | 3197720 Tall Tom
Tall Tom's picture

Really this is being blown out of proportion. It is just like Hillarity said. Really, at this point, what difference does it make?


That is the new Standard of Justice in the United States. If you can demonstrate that it makes no difference then the point is moot. Er...Am I right? Er. Duuuuuh.


In reality we are headed for a systemic collapse. They are losin it and they know it. We now elect a Flaming Queen as our Glorious Sodomite in Chief.


"God save the Flaming Queen" is our new National Anthem.

Tue, 01/29/2013 - 21:20 | 3197202 williambanzai7
williambanzai7's picture


Tue, 01/29/2013 - 21:28 | 3197236 Troll Magnet
Troll Magnet's picture


Wed, 01/30/2013 - 00:46 | 3197798 natty light
natty light's picture

Inaction Jackson

Tue, 01/29/2013 - 21:33 | 3197250 pods
pods's picture

Looks like Lando has put on some weight!


Tue, 01/29/2013 - 21:34 | 3197255 nmewn
nmewn's picture

Well, at least we now know what type of porn has held the SEC's investigators interest all these years.

Thanks Banzai ;-)

Tue, 01/29/2013 - 22:08 | 3197378 SnobGobbler
SnobGobbler's picture

those "zetas" should show him the hanging-from-overpass trick; quite the positive effect IMO.

Tue, 01/29/2013 - 23:10 | 3197573 Redhotfill
Redhotfill's picture

Banzaison: you forgot caption that says  "would you like to see my monkey?"

Wed, 01/30/2013 - 00:09 | 3197724 Tall Tom
Tall Tom's picture

That needed to be an Original Thread by itself. Good one Banzai.

Wed, 01/30/2013 - 02:56 | 3197970 e_goldstein
e_goldstein's picture

Worst gimp suit ever ;-)

Tue, 01/29/2013 - 21:39 | 3197270 The Heart
The Heart's picture

Kinda amazing how this kind of stuff manifests all of a sudden and the cross-hairs of true justice with her double-edged sword narrow down on the real criminals and terrorists of this still can be saved beautiful world. Question is, what's next? Babylon to make the first moves?

Cue in the muppet judges now boss?


Tue, 01/29/2013 - 23:04 | 3197554 killallthefiat
killallthefiat's picture
It's time to skew the muppets
It's time to print some fiat
t's time to meet the Muppets on the Muppet Show tonight.

It's time to buy some bonds
It's time to play the stocks
It's time to buy some houses on the Muppet Show tonight.

Tue, 01/29/2013 - 23:46 | 3197678 mayhem_korner
mayhem_korner's picture



I have nothing to say here...but all this muppet talk compelled me to make a showing.

Wed, 01/30/2013 - 09:00 | 3198187 kwality
kwality's picture

Green shoots ---> Brown grass 

This script is positively Homeric.  So now  that various pockets have been filled with TARPTALFQUEEF cash we will have to prosecute the banks.   Break them up into the good bits and the bad bits.  Selectively default.  Pretend that the wheels of justice have ground slowly but surely but still, nowhere near CorzdiMozilloyille.      

On behalf of all the people who have had cash + assets unfairly stolen forever by the police due to the HLS/DEAs asset seizure program, let me say a great big



Tue, 01/29/2013 - 19:39 | 3196809 gould's fisker
gould's fisker's picture

"confidence can only be restored by demonstrating that there are consistent rules in place that provide accountability for wrongdoing and deter financial predators"

Mmmm, Senators, I'm afraid that's a day (5 years) late and a dollar ($8T) short.  Paging Lanny Breuer . . .

Tue, 01/29/2013 - 20:08 | 3196921 centerline
centerline's picture

Tough room today!  lol.  I do find it interesting though.  Those questions are pretty pointed.  Although it is theater, the indication here is that we have opened to another act and are one act closer to the fat lady moment.

Tue, 01/29/2013 - 20:57 | 3197113 Poor Grogman
Poor Grogman's picture

If the bernanke wont publicly admit that the FED is " printing money"

and asserts that central banks hold gold for "Tradition"

Then until I see a clarification of those two answers I will continue to assume that the PTB smoke and mirrors machine is functioning normally.

We now resume your normal programming...

Wed, 01/30/2013 - 21:00 | 3200908 Debt-Is-Not-Money
Debt-Is-Not-Money's picture

"If the bernanke wont publicly admit that the FED is " printing money"

He would be lying if he said that, he is printing debt, not money!

If you don't ask the right question you will not get the right answer!

Tue, 01/29/2013 - 21:30 | 3197239 gould's fisker
gould's fisker's picture

Not so tough--I should have said that they had to wait for the Countrywide VIP loan scandal courtesy of that radiated cocksucker Mozilo to blow over a couples of years, or else they would have appeared to be the complete fucking bought and paid for hypocrites that they are. That they were as a body compromised as hell from the start prevented them from doing the right thing by the country, or they surely would have mugged it up for the tv cameras and newspapers years ago for their own vanity. That's approaching "tough."

Tue, 01/29/2013 - 20:17 | 3196947 Everyman
Everyman's picture

Maybe I can help out the Senators and answer for the "honorable" Eric (Place)Holder

1. Has the Justice Department designated certain institutions whose failure could jeopardize the stability of the financial markets and are thus, “too big to jail”?  If so, please name them.

YES!  All the institutions that have been bailed out and the "non public" corporations.  Freddie and Fannie, Goldman Sachs, Morgan Stanley, CitiBank, JP Morgan, Wells Fargo, Bank of America, Federal Reserve Bank

2. Has the Justice Department ever failed to bring a prosecution against an institution due to concern that their failure could jeopardize financial markets?

NO!, all of those banks and past and present CFO, CEO, COO and BODs that are responsible for complying with the laws on the books we let them all go.  We put Bernie and Martha in Jail, why not Dimon, Blankfeind, Jon Corzine, HANK PAULSEN, Timmy Geitner, Larry Summers, Ben Bernanke, as well as the heads of Freddie and Fannie.  They all conspired to cover up fraud, commit fraud, and to have the audacity to ask for bailouts and then give themselves bounuses for failing to comply with laws.  You can also thrown GOVERNMENT MOTORS for lying about their bankruptcy.  ALL are FEDERAL RICO violations.  With Geitner, Bernanke, Paulsen, Summers, pure out and out marked manipulation, as well as ignoring the HFT manipulations.  But they were doing God's work!

3. Are there any entities the Justice Department has entered into settlements with, in which the amount of the settlement reflected a concern that markets could be impacted by such a settlement?  If so, for which entities?

Lots, and almost ALL of the US DOJ agreements reflected considerable impact to the markets because they were manipulated and sold bogus securities and fraudulently gamed the American Taxpayer.  All the entities that gave you stupid Senators and Representative money!  How fucking stupid can you pricks be???

4. Please provide the names of all outside experts consulted by the Justice Department in making prosecutorial decisions regarding financial institutions with over $1 billion in assets.

Would that be the ones in cahoots with the politicians or the ones that were supporting the side of the fraudulent bankers?  Which group?  That's a pretty long list!

5. Please provide any compensation contracts for these individuals.

Well that's a lot of money, and it would really embarrass a lot of people and piss a lot of taxpayers off, so we best not release that info from the DOJ.  The DOJ doesn't like getting shot at.  ON top of that, you would need a subpena for that even if it is public information.

6. How did DOJ ensure that these experts provided unconflicted and unbiased advice to DOJ?

We got the best information and experts that money could buy, and fortunately they knew all about the issues , because they actually worked for those banks and criminals AND those guys referred them to us!  Best $500,000,000,000.00 we spent, and it really explained all the felonies were really just "honest mistakes" and "they simply did not know" what was going on.


Tue, 01/29/2013 - 20:29 | 3197007 Bunga Bunga
Bunga Bunga's picture

Get over it, skeletons in the closets everywhere, you can't prosecute the whole financial system, nothing would be left.

Tue, 01/29/2013 - 20:35 | 3197029 Cdad
Cdad's picture

Ummm...on "nothing would be left"...I rather think that is the idea, tool.  Removing a parasite from the system is good for the system.  And you are afraid....that if no one is around to sell CDO squared products, guys down at the beef jerky plan will lose their jobs?  


Tue, 01/29/2013 - 20:57 | 3197111 Bunga Bunga
Bunga Bunga's picture

Nobody left to collect tributes for the powerful. Such a system is undefinedd, system error, divizion by zero, halt, reboot required.

Tue, 01/29/2013 - 21:46 | 3197291 malikai
malikai's picture

Yes. Where is the button? I will press it.

Wed, 01/30/2013 - 00:18 | 3197750 Tall Tom
Tall Tom's picture

You are mistaken. Such a system IS DEFINED. It is called Honesty and Integrity. I know that your kind lack definitions for those fine attributes.

Wed, 01/30/2013 - 00:13 | 3197736 Tall Tom
Tall Tom's picture

If it is all corrupt then is that such a bad thing? Obviously, Bunga Bunga, you lack moral turpitude. What is your real name so that I can avoid be stolen from by your company?

Wed, 01/30/2013 - 09:30 | 3198275 kwality
kwality's picture

My dear "Bunga Bunga"  that is PRECISELY the point. 

Tue, 01/29/2013 - 20:30 | 3197014 Cdad
Cdad's picture

Orange jump suits all around, please.

Tue, 01/29/2013 - 23:25 | 3197619 mr. mirbach
mr. mirbach's picture

Would anything have turned out differently if all of the SEC's stacks of evidentiary documentation hadn't gotten shredded?


Another Grassley dog and pony show.

Wed, 01/30/2013 - 00:23 | 3197757 Tall Tom
Tall Tom's picture

Come on. Did you really expect the SEC to implode another WTC Bldg#7? Skyscrapers are expensive after all. That is how they got rid of the Enron Scandal and the Gold Anti Trust Case filed by GATA.

Wed, 01/30/2013 - 02:36 | 3197951 StychoKiller
StychoKiller's picture


...The public deserves an explanation of how the Justice Department arrives at these decisions. [/quote]

The same way the Senate and House arrive at them:   "Which one of ya's is paying for my re-election this time?"

Tue, 01/29/2013 - 19:39 | 3196816 Cdad
Cdad's picture

Message to America:

Please stop sending the same corrupt and incompetent senators back to Washington DC...over and over again [especially you, Nevada]

Many thanks.



Tue, 01/29/2013 - 20:30 | 3197006 lasvegaspersona
lasvegaspersona's picture


god knows we tried. We almost had him in 2004. Ensign (no prize himself) lost by fewer than 500 votes. Last round it was the unions who love him because....?

He does little for NV in spite of all his perceived power. His local nickname is Whorehouse Harry. He even pisses off a large swath of the LDS as I have heard....but he still wins. Maybe next time if he hasn't died of stupid-ugly by then.

Tue, 01/29/2013 - 19:39 | 3196817 Timmay
Timmay's picture

"You are either with us, or you are with the Bankers."

Tue, 01/29/2013 - 19:40 | 3196819 AldoHux_IV
AldoHux_IV's picture

Another poorly devised theatrical display of misdirection as Kerry's confirmation as Sec of State builds more momentum to Iraq's Sequel: "Iran We Hardly Knew Thee" or "Out of Africa and Into Drone Warfare".

If the senate really cared, we would have had justice by now plain and simple.

Troll on central planners, troll on.

Tue, 01/29/2013 - 20:10 | 3196928 bank guy in Brussels
bank guy in Brussels's picture

Re John Kerry a.k.a. John Kohn

From the most radical Israeli journalist, Barry Chamish (who has exposed numerous crimes of the Israeli regime, like the Israeli gov't role in killing Israeli Prime Minister Rabin):

«  ... And what did we recently discover; why Kerry is Jewish on his father's side. Kerry was Kohn. Somehow, he forgot the fact that his grandparents were prominent Jewish business people in Prague and that his father is 100% Jewish. Ask yourself, do you know anyone who doesn't know his father's religious background ... »

Tue, 01/29/2013 - 21:21 | 3197208 Bicycle Repairman
Bicycle Repairman's picture

Boston media hid Kerry's secret for years.  He wasn't outed until the 2004 presidential run.  By the national media.

Since the Boston media won't ask the question, I will:  Hey, John, what are you hiding and why are you hiding it?

Tue, 01/29/2013 - 19:46 | 3196821 falak pema
falak pema's picture

I'm waiting for the 30 foot wave, for DJIA to go to 15000 and S&P to shoot to 1600.

Then we will really be ready to surf to a new world record. 

As they say on ZH, its not a question of why or how but of when! 

Hedge Funds Are Selling This Rally - Business Insider

Mom n Pop buying from HFs... Yikes! 

Tue, 01/29/2013 - 19:41 | 3196823 bobthehorse
bobthehorse's picture

The rich get away with everything.

They always have.

The Ivy League Mafia rules the world.

Even a black socialist who holds the most powerful office in the world is afraid of rich white guys from Harvard.

So what's a boy to do?

Tue, 01/29/2013 - 20:14 | 3196945 NoDebt
NoDebt's picture

He's not afraid.  I've never seen "that guy" show fear of anything.  He's way too self-assured (arrogant) for that.

So what could it be?  I say he WANTS Wall St. to be even more of a snake pit than it already is.  To have people hate it so much he can come in at some point and confiscate it all to pay for his entitlement programs.  All the while people cheering him on.  "He's finally GETTING those bastards", they'll say.  Meanwhile your 401k and IRA are GONE, if you have them.  Replaced by nice, safe US Treasury bonds.


Tue, 01/29/2013 - 20:18 | 3196965 bank guy in Brussels
bank guy in Brussels's picture

Actually the word from Chicago was that when a younger Barack Obama was making the scene in Chicago's gay bars, older white guys were Obama's favourite companions

And still are, some say

But G W Bush had his Gannon / Guckert 'militarystud' guy coming to the White House often on a 'temporary' journalist pass ... the gay prostitute did have a blog, so the press pass was 'legit'

Gannon / Guckert (he used two names) was there one night at the White House with Tony Blair too

For those who haven't seen it, hilarious vid of Bush and Tony Blair talking about going to the 'Gay Bar' together ... from the Electric Six:

Tue, 01/29/2013 - 21:10 | 3197163 Jendrzejczyk
Jendrzejczyk's picture

There is one person in the world whose mission in life is to give your every post a single -1.

Always appreciate your perspective, thanks for taking the time to share it.

Wed, 01/30/2013 - 00:37 | 3197777 Tall Tom
Tall Tom's picture

IMPEACH the Sodomite in Chief.


President Bill Clinton cheated on his wife by having Monica Lewinski perform Fellatio upon him. That was wrong. But I can understand it.


President Barack Obama cheated on his wife by having Larry Sinclair perform Fellatio upon him. That is wrong. I just cannot understand that.


Then America elects the Homosexual? Mitt Romney's campaign knew this.  So just what did Mitt have to hide?

Wed, 01/30/2013 - 15:40 | 3199831 Clashfan
Clashfan's picture

Wayne Madsen has written at length about how I'llbombya likes to be fellated by older, white guys. Not that I believe everything Madsen writes, but....

Wed, 01/30/2013 - 14:11 | 3199444 Clashfan
Clashfan's picture

Yes, Bob, they do, and they are Luciferians.

Tue, 01/29/2013 - 19:42 | 3196825 mr_bad
mr_bad's picture

Excellent point:  "Too Big To Fail" means "Too Big To Prosecute"  Sounds like they might be starting to get it.

Tue, 01/29/2013 - 20:39 | 3197042 Winston Churchill
Winston Churchill's picture


This is pure CYA ,and the timing is amazing.These dumbass lawyer Senators think the

statute of limitations has tolled out.It started again  last year with the 'settlement'.

Do we really pay a lot of salary's for these assholes who can't even stay bought.

Tue, 01/29/2013 - 19:43 | 3196827 NoWayJose
NoWayJose's picture

Brown and Grassley will wake up tomorrow with a little sweetener in their campaign chests, and this will go no where.  It's not that the banks are too big to fail, the problem is that the banks have too many links to taxpayer dollars and guarantees while they are still able to gamble with unregulated derivatives and leverage.  That's not justice enforcement, it's Congressional laws that allow this to happen.  And yes, they are both too big to fail and too big to jail when they have these taxpayer guarantees in place.

Tue, 01/29/2013 - 19:44 | 3196828 LongSoupLine
LongSoupLine's picture

At this fucking point I don't care who calls that fucking piece of shit Holder out on the carpet.  String that fucking drug dealer gun giving asshole up to the border fence and let the fucking cartels have their way with the prick.


Fuck you Holder...fucking administration ass suck idiot.

Tue, 01/29/2013 - 21:03 | 3197133 Marge N Call
Marge N Call's picture

+100 Yup. Gotta start somewhere.

Tue, 01/29/2013 - 21:39 | 3197269 Bob
Bob's picture

I do love that picture . . . and I couldn't care less about fast and furious.

Tue, 01/29/2013 - 19:45 | 3196831 Lost Wages
Lost Wages's picture

Then afterward they all went to the Marina to enjoy an $80 glass of champagne and a friendly game of pinochle.

Tue, 01/29/2013 - 19:45 | 3196834 Sudden Debt
Sudden Debt's picture

who would pay for Obama's third term campaign if bankers would be at par with the law?
doesn't make sense....

Tue, 01/29/2013 - 19:46 | 3196840 Number 156
Number 156's picture

Freakin Kabuki Theater all the way.

I have a question:

Sherrod Brown, Charles E. Grassley, Have you just woke up to discovering you need to open a big ass can of CYA?

Tue, 01/29/2013 - 20:11 | 3196933 NotApplicable
NotApplicable's picture

More like, who told them they needed to implement damage control now?

Since it's the Senate, I see it as "controlled opposition" in order to squelch the uncontrolled noise emanating from junior House members (until they're safely marginalized).

Tue, 01/29/2013 - 20:18 | 3196960 centerline
centerline's picture

Yup.  More likely than not is just a tactical move that has been vetted and approved from a risk perspective.

Tue, 01/29/2013 - 19:46 | 3196841 linniepar
linniepar's picture


Tue, 01/29/2013 - 19:46 | 3196843 Falconsixone
Falconsixone's picture


Tue, 01/29/2013 - 20:00 | 3196895 Teamtc321
Teamtc321's picture

Addressed to the Honorable.............. I stopped reading the piece of shit right there.

Tue, 01/29/2013 - 19:48 | 3196845 nmewn
nmewn's picture

Prosecutorial discretion...fuck the law, I'm becoming a bandit.

Tue, 01/29/2013 - 19:55 | 3196870 krispkritter
krispkritter's picture

Too late, the Bankers beat you to it...

Tue, 01/29/2013 - 19:59 | 3196891 nmewn
nmewn's picture

Yeah...but they have a long drive to work ;-)

Tue, 01/29/2013 - 20:03 | 3196903 rhinoblitzing
rhinoblitzing's picture

You would be what they call a "small fry"

Tue, 01/29/2013 - 20:12 | 3196935 nmewn
nmewn's picture

Understood, but thats what we all are now though, just small fry, so why not go full bore?

The simple "concept" of the rule of law is no man or woman or entity is above it. In my view, the law has been turned into a weapon against the people, their values and the rule of law itself.

So, if I were to steal from a thief, any thief, would a jury of my peers convict me of it?

Tue, 01/29/2013 - 20:50 | 3197077 Cognitive Dissonance
Cognitive Dissonance's picture

You'll never be allowed to get in front of a jury of your peers. Instead you will be labeled an economic terrorist and shipped off to Guantanamo......if you're lucky.

The good news is that you will receive 3 hots and a cot for the rest of your life. The bad news is that those orange coveralls will always be three sizes too small.

<Ouch. That's definitely gonna hurt.>  :)

Tue, 01/29/2013 - 21:11 | 3197162 krispkritter
krispkritter's picture

IMHO, the real Guantanamo is not even close to being able to hold the multitudes of citizens that are thinking of the real prospects of retaliating for the excesses of .GOV at this time. Gun control, immigration, DOJ abuses, an ursurper, etc. TPTB will be hard pressed to stem the tide.

Wed, 01/30/2013 - 08:55 | 3198200 akarc
akarc's picture

Citizens don't think, they have fantasies. Citizens do not retaliate, they buy Ithings. Citizens are the reason we are in this mess. Been waiting over 40 years for that to change and it has, for the worse.

Tue, 01/29/2013 - 21:12 | 3197179 nmewn
nmewn's picture

I was kinda counting on getting by with a little help from my brothers in

Tue, 01/29/2013 - 21:55 | 3197322 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

...and they just wont turn the fucking music down -- no matter how nicely you ask.

Tue, 01/29/2013 - 22:24 | 3197427 nmewn
nmewn's picture

And thats another thing (being provocative now) when someone calls the cops about the loud music next door, in their minds eye, do they envision a strapping 6'3 200lb man going to their neighbor to tell them to turn it down or a 5'4 200lb dyke with a bad attitude?

Just one of those weird things I always think about regarding my fellow man ;-)

Wed, 01/30/2013 - 14:15 | 3199452 Clashfan
Clashfan's picture

You ought to think more about your denial of 911 truth.

Tue, 01/29/2013 - 19:48 | 3196846 wisefool
wisefool's picture

Time to put a new sherrif in DOJ.  How about Elizabeth Warren? She is the super sluether who discovered the true evil: ATM fees should be $2.50 instead of $5.00.

She is a decendant of native americans who was the first woman to breast feed during her Bar exam. If we can follow her wisdom, just get banks to only charge $2.50 per transaction, the nation could put this whole banking crisis behind us. Never again would bad actors do bad things.

/sarc   This stuff is what the typical voter considers when they check their ballot.

Tue, 01/29/2013 - 20:31 | 3196991 francis_sawyer
francis_sawyer's picture

Super 'Sluether'?...


How about Super Jumper (francis_sawyer is in a musical mood this evening)...

Note: This is a 'SPECIAL SELECTION' offering from francis_sawyer... Anyone who DOESN'T process the juxtaposition of lyrics & verve, well, just doesn't GET IT at all [& probably never will]...

Tue, 01/29/2013 - 20:56 | 3197110 wisefool
wisefool's picture

I will check it out on february 1st.  IRS says I am now allowed to have limited highspeed bandwidth per month.

sarc: ... As far as "sluether", I was just elevating the word slueth to fit the level of her detective skills. You see, banks do lots of stuff, but the most evil part is charging people ATM fees to get their money. ATMs are security+weather hardened machines that dispense paper money to people. There is management of account information, redundant telephony/power, fail safes, distribution and stocking logistics, lighting, usability, and a need to protect against potential injury to the hundreds of consumers that use them daily. There is some other trivial stuff, but basically its a scam for them to charge you money to get money at any of these locations. Oh and they need to be reliable, cause people panic when they can't get their money. Never-the-less,  its is a trivial matter to accomplish these requirements.

The vast majority of banks do not charge anything if you make withdrawls from an ATM that the bank you chose to keep you money in operates. Some banks only offer you 4 free transactions per month. Which is rediculous, 'cause any normal person goes to the ATM 3-4 times per week.

The real crime in all this, is that if you have an emergency. Lets say you need to buy a pack of condoms, a rose and 2 microwave burritos at a gas station. You don't want use your credit card, or the DEBIT function built into your same ATM card.  There might be an ATM in that store that is not operated by your bank. It might be a different bank or even a company that just runs terminals for this particular market. Both the operator of that ATM and your bank will charge you up to $2.50 each. It should be free. The federal reserve does not charge the banks money. The guys who run this network should also not charge the people any money.

This is the evil. ATM fees. The rest of the Financial Sector are the best people ever. They do the difficult jobs of making markets, creating flows, and contributing to the campaigns of the civil servants of this great democracy.

Elizabeth Warren figured this out. She is a champion for the people, and I hope we can all support her in fixing our economic security forever.


Tue, 01/29/2013 - 22:07 | 3197365 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

calc the APR on a withdrawal of a $20 from an off-network ATM.  Now, I dont expose myself to that horseshit but WTF?

You cant justify that, they simply have the sickness.  The sickness called 'never enough.'

Late 90s a city councilman in SF tried to put the kibosh on ATM fees.  DENIED...I don't remember if it came from the state or the fderal level but the basic message was clear 'The banks are gonna do WTF they want to.'

Tue, 01/29/2013 - 22:26 | 3197433 wisefool
wisefool's picture

I disagree. There was truth in my sarcasm. If there truly were no banks in your area that had free ATMs I do appologize. But I have never had a problem finding a bank offering that service in any area I have lived in. Also, many retailers will accept checks, via a similar computerized network.

40 years ago (yes I am old) people generally had to go to the bank itself to get cash. During business hours. The media attention given to her and the plea/pea under her 15 mattresses of modern convienience was absurd, especially relative to the fact the financial system was in full collapse. Ben was spooling up the copters. Wonder what he was going to charge for cash pallet drop fees?

In summary, My post was more about Glass-Stegal, than Warren, but that has been covered better by others in this thread. Warren is either part of the coverup, or rocking a timmah level I.Q.

Tue, 01/29/2013 - 21:40 | 3197259 James
James's picture


Tue, 01/29/2013 - 23:16 | 3197598 MrBoompi
MrBoompi's picture

The people who rock this boat find a copy of the Zapruder tape slipped under their door.

Tue, 01/29/2013 - 19:48 | 3196847 rehypothecator
rehypothecator's picture

Free Jon Corzine!!

Wed, 01/30/2013 - 12:18 | 3199061 monad
monad's picture

from this mortal coil, yes.

Tue, 01/29/2013 - 19:49 | 3196851 pashley1411
pashley1411's picture

"When Muppets attack". Press release, wtf cares, I'm looking for sackcloth and ashes.

Compared to the U S Senate, Nero and his horse look majestic.

Tue, 01/29/2013 - 20:16 | 3196956 francis_sawyer
francis_sawyer's picture

One step beyond...


When it becomes JEW vs. JEW... all hilarity ensues...

Do NOT follow this link or you will be banned from the site!