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Guest Post: Too Big To Jail Is Here To Stay

Tyler Durden's picture


Submitted by John Aziz of Azizonomics blog,

Lanny Breuer, the Assistant Attorney General who claimed that prosecuting banks for crimes poses a risk to the financial sector and so corrupt bankers are “too big to jail” has lost his job:

MARTIN SMITH: You gave a speech before the New York Bar Association. And in that speech, you made a reference to losing sleep at night, worrying about what a lawsuit might result in at a large financial institution.




MARTIN SMITH: Is that really the job of a prosecutor, to worry about anything other than simply pursuing justice?


LANNY BREUER: Well, I think I am pursuing justice. And I think the entire responsibility of the department is to pursue justice. 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 A, 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.

But the man who put him there, and who is ultimately responsible for the policy — the Attorney General himself — is here to stay.


Simon Johnson notes:

Attorney General Eric Holder expressed similar views in the context of discussing why more severe charges weren’t brought against Zurich-based UBS AG last year for manipulating the London interbank offered rate. And Neil Barofsky, a onetime senior prosecutor and former inspector general of the Troubled Asset Relief Program that administered the bank bailouts, provided a scathing assessment of Justice Department policy.


The Justice Department likes to quote Thomas Jefferson: “The most sacred of the duties of government [is] to do equal and impartial justice to all its citizens,” a line that appears in its latest budget documents.


This sentiment is hardly consistent with saying that some companies have characteristics that put them above the law. Jefferson himself was very worried about the concentrated power of financiers — he would have seen today’s problems much more clearly than do Holder and Breuer.

Fundamentally, Obama’s continued support for Holder illustrates that Obama is still committed to the policy of holding financiers to a lesser standard of justice than other citizens.

The continued failure to implement even the Volcker rule — let alone a Glass-Steagall-style separation between retail and investment banking — illustrates that Obama is committed to letting bailed-out banks continue to operate in the risky manner that led to the crisis. So does the total failure to ensure a level playing field for retail investors in a market now totally dominated by algorithms.

The big banks continue to ride roughshod over the American people with the complicity of the political class. Too Big to Jail is an affront to the Constitution, an affront to the Bill of Rights, an affront to those like Rosa Parks, Martin Luther King, Lysander Spooner, Frederick Douglas and all those who at various times crusaded to make equality before the law a reality in America.

The only sensible way forward is that lawbreakers on Wall Street must be prosecuted in the same way as other lawbreakers. That means that Eric Holder and all others associated with Too Big To Jail must lose their jobs.

But I doubt that will happen any time soon.


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Mon, 02/04/2013 - 15:17 | 3213991 Banksters
Banksters's picture

Holder is the most corrupt AG we've every had- I thought Alberto Gonzales had created the gold standard in corruption, too!

Mon, 02/04/2013 - 15:19 | 3214009 johnQpublic
johnQpublic's picture

as illegals will be given a path to citizenship, so have the banks been given a path for their crimes to become legal.

next up will be a path for pedophiles to take that will make sodomizing your child legal as well. but at least the north to south path of guns will stop now that operation fast and furious is over.

Mon, 02/04/2013 - 15:32 | 3214060 Manthong
Manthong's picture

You might not understand the process..

Normalizing pedophilia is scheduled AFTER normalizing polygamy.

“Who are you to tell me what love is who and I am allowed to love”.—works for all former deviancies but it takes time for the successive inoculations against antiquated moral thinking to work.

But make no mistake.. the kids ARE the golden ring.

Mon, 02/04/2013 - 15:35 | 3214063 ZerOhead
ZerOhead's picture

Welcome to the New Improved America where today Justice is not only BLIND but it's DEAF, DUMB and STUPID to boot...

Oh right... one more thing... BOUGHT!!!

Mon, 02/04/2013 - 15:37 | 3214078 Zap Powerz
Zap Powerz's picture

In America. Some animals are more equal than other animals.

Mon, 02/04/2013 - 15:55 | 3214115 Popo
Popo's picture
“Whenever any form of government becomes destructive of these ends it is the right of the people to alter or abolish it, and to institute new government...”


Thomas Jefferson

Mon, 02/04/2013 - 16:02 | 3214140 Muppet Pimp
Muppet Pimp's picture

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered...I believe that banking institutions are more dangerous to our liberties than standing armies... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."

- Thomas Jefferson

Mon, 02/04/2013 - 16:47 | 3214304 TruthInSunshine
TruthInSunshine's picture

It's a good thing we have at least one opposition political party that American Voters can choose to bolster, in order to stem, reverse and punish the corruption/malfeasance perpetrated by the party in power, along with a constitutionally enshrined system of checks & balances.



Mon, 02/04/2013 - 18:23 | 3214552 Muppet Pimp
Muppet Pimp's picture

We do have a libertarian party sir.


Looks like since the S&P threatened a downgrade of the US, Holder jumped right on that with his charging them in Civil Suit over some mortgages in CA from 6 years ago.  You were saving that one for the downgrade weren't you Eric.  Had it in your back pocket for a couple years just waiting for the threat to downgrade the leftist in chief.  You sly little devil you.

Mon, 02/04/2013 - 16:05 | 3214152 true brain
true brain's picture

Welcome to justice KENYAN style. where we screw the little guy and bend over for the big guys. we'll africanize all you rednecks in no time.

Mon, 02/04/2013 - 16:29 | 3214252 justanothersucker
justanothersucker's picture

It's far more than the right of the people.  It's the obligation of the people!

Mon, 02/04/2013 - 15:52 | 3214108 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

But it sure can play a mean pinball.

Mon, 02/04/2013 - 16:37 | 3214268 SDShack
SDShack's picture

Yep, and don't forget about incestuous relationships too. With those it will be mostly about money and financial benefits as the family unit comes together because of economic hardship. Multi generaional families in one household. One example will be older brothers and sisters will get marital benefits as "domestic partners".

Mon, 02/04/2013 - 17:49 | 3214471 Not Too Important
Not Too Important's picture

Yes, the kids are the golden ring, and the new laws legalizing same will be retroactive.

'Nuff said.

Mon, 02/04/2013 - 20:19 | 3214925 Papasmurf
Papasmurf's picture

They didn't erase those videos they made back in 1989.

Mon, 02/04/2013 - 15:36 | 3214061 ZerOhead
ZerOhead's picture

I thought Barney Frank left politics?

Mon, 02/04/2013 - 17:07 | 3214362 alfred b.
alfred b.'s picture


    ....and I always assumed that he was a gay bank go figure!



Mon, 02/04/2013 - 15:34 | 3214067 lakecity55
lakecity55's picture

So, Holder will be able to appear in public with his 10 year old male love slaves, after he legalizes NAMBLA.


Mon, 02/04/2013 - 16:53 | 3214325 Freddie
Freddie's picture

Senator Robert Menendez-D NJ is know for raping little girls in the Dom Republic and Harry Reid backs him. 

This is a Obam and Christie take down. Christie is a RINO sell out like Rubio and now Limbaugh.

Mon, 02/04/2013 - 18:05 | 3214503 Tijuana Donkey Show
Tijuana Donkey Show's picture

Freddie, you know that Christie is from NJ, right? Everything is for sale in NJ, Obama bought him off with Sandy money. I submit bids to schools in all 50 states, and NJ has the largest pile of paperwork for "anti-corruption" I have ever seen. (Texas is second, CA third, and LA fourth, btw.) They are all there for the money to start, so accusing them of selling out is pointless; it's the reason they are all there in the first place.

Mon, 02/04/2013 - 18:50 | 3214642 CH1
CH1's picture

as illegals will be given a path to citizenship

I suspect that FEMA camps will be full of people who demanded precisely that to be done to others.

Mon, 02/04/2013 - 15:35 | 3214070 IamtheREALmario
IamtheREALmario's picture

I think more to the point, he is a weakling. He knows right from wrong, good from evil and chooses evil because it is safer.

Mon, 02/04/2013 - 16:01 | 3214132 NotApplicable
NotApplicable's picture

Umm... it's government. Moral weakness is a prerequisite.

With a few rare exceptions, anybody with any sense of morals would never seek such power, knowing that nothing but corruption abounds.

Mon, 02/04/2013 - 17:34 | 3214430 Liquid Courage
Liquid Courage's picture

Weakling ... coward, take your pick. I am so sick of seeing that face of his with its perpetual hangdog expression.

"Oh woe ... poor, poor me! What can I do? ... you people just have no idea the pressure I'm under."

Here's an idea, Place ... if you have a shred of decency left ... RESIGN.

Mon, 02/04/2013 - 16:03 | 3214143 mightycluck
mightycluck's picture

What did you expect from a Clinton appointment?

Mon, 02/04/2013 - 16:43 | 3214263 ChanceIs
ChanceIs's picture

Holder is the most corrupt AG we've every had........

I remember seeing posters all over Washington, DC circa 1986 reading...."Meese Is a Pig."  That would be Edwin Meese, AG for Ronald Reagan.  I had to go back and look into it.  It was all about the WedTech scandal.  WedTech was a NY based defense contractor.  The total rip off of the public was some $750 million.  Of course that was a lot more purchasing power back then.  Solyndra was $535 million.  Timmy Geithner wrote Goldman a $20 billion check to make good on the puts it held against AIG and purchased from AIG because AIG couldn't pay - so somebody had to pay and it was the taxpayer.  Where was Holder?

Oh.  I forgot.  Meese was driven from office over that iddy-biddy $750 million.

Yeah.  We can put Holder in the AG Hall of Shame.

Of course there are those who contend that Bobby Kennedy did in Marilyn Monroe, but that is a whole different story.

Mon, 02/04/2013 - 17:23 | 3214399 ChanceIs
ChanceIs's picture

Jim Sinclair (of gold traading fame) seems to think that Holder is on the ball when it comes to prosecuting ratings agencies......who are about to downgrade the US debt.  Hey!!!  It's what they do in Chicago.  You got a problem wit dat????:

Jim Sinclair’s Commentary

Did the S&P recently threaten to downgrade the USA if there was no viable solution to the Fiscal Cliff and the Debt Ceiling delay?

S&P says U.S. to file civil lawsuit over ratings
Mon Feb 4, 2013 3:07pm EST

(Reuters) – Standard & Poor’s on Monday said it expects to be the target of a U.S. Department of Justice civil lawsuit over its ratings of mortgage bonds prior to the recent financial crisis.

The lawsuit against the McGraw-Hill Cos (MHP.N) unit focuses on its ratings in 2007 of various U.S. collateralized debt obligations (CDO), S&P said.

It would be the first federal enforcement action against a credit rating agency over alleged illegal behavior tied to the financial crisis.

"A DOJ lawsuit would be entirely without factual or legal merit," S&P said in a statement. "The DOJ would be wrong in contending that S&P ratings were motivated by commercial considerations and not issued in good faith."

The Justice Department was not immediately available for comment.

Several state attorneys general are expected to join the case, The Wall Street Journal said, citing people familiar with the matter. The expected charges follow the breakdown of talks between the department and S&P, the newspaper said, citing the people.

Mon, 02/04/2013 - 20:16 | 3214915 Buck Johnson
Buck Johnson's picture

Your correct, he's the most corrupt AG in the history of AG's.

Mon, 02/04/2013 - 22:01 | 3215203 Encroaching Darkness
Encroaching Darkness's picture

Don't forget Webb Hubbell - although he was only associate AG (3rd in line), he was actually convicted and sent to jail. His job was mainly to defend Clinton by keeping silent on what he knew, while killing and stonewalling investigations before they could reach the impeachment stage. Whitewater eventually got past him, though.

Holder seems to be one in a long line of stooges put in the Just Us department to spy and keep their Presidential patrons out of hot water. Anyone who supports Hillary for any future office should remember how corrupt she was the first time - cattle futures, selling missile technology to the Chinese for campaign contributions, setting aside Escalante National Staircase as a national park to pay off the Indonesian Riady family for campaign cash (preventing low - sulfur Escalante coal from competing with Riady family coal interests), Ron Brown selling seats on Commerce Dept. junket flights, selling nights in the Lincoln Bedroom to cronies - and multiply that corruption a hundredfold, with her in charge for real.

Why anyone trusts any Clinton with anything is beyond me - their evil is demonstrated, documented and un-deniable.

Tue, 02/05/2013 - 03:58 | 3215721 mpyre
mpyre's picture

See what SCJ Louis Brandeis thought of banks and ebook written in 1914, just after creation of the FED...

"Other People's Money and How The Bankers Use It"  brandeislother09other_peoples_money.epub
Mon, 02/04/2013 - 15:31 | 3213992 The Gooch
The Gooch's picture

He will get his.

They will get theirs.


Mon, 02/04/2013 - 15:19 | 3213999 Joebloinvestor
Joebloinvestor's picture

It isn't just the US.

Show a Eu banker that has gone to jail (yet!).


At least during the S&L shit, we were faked into believing there was such a thing as punishment.

Mon, 02/04/2013 - 15:38 | 3214080 optimator
optimator's picture

I can name quite a few back in the mid to late 1930's.

Mon, 02/04/2013 - 16:03 | 3214146 NotApplicable
NotApplicable's picture

Well, maybe you were. I've been too busy my whole life observing the "Just Us" system to be taken in by the scam.

Mon, 02/04/2013 - 15:19 | 3214002 madcows
madcows's picture

Eric Holder is a black bigot and a corrupt criminal.  The TBTF supports him financially, and he will never prosecute.  He's just another POS criminal that deserves to be hanged.

Mon, 02/04/2013 - 15:31 | 3214058 lakecity55
lakecity55's picture

No joke. If we had real law and enforcement, this son of Beria would be doing hard time after a genuine trial.

I suspect him far more corrupt than his boss, the Imam.

He is a known racist, a suborner of perjury and, possibly, murder, illegal narcotics distribution, and gunrunning.

In WW2 this fiend would be hung upside down in the public square with his skull crushed, a la Mussolini.

In his mind, all whites should be exterminated, and Islam should rule.

Forward, Soviet!


Mon, 02/04/2013 - 16:07 | 3214159 NotApplicable
NotApplicable's picture

"In his mind?"


Since when do puppets have beliefs? And how can you hold such childish beliefs that puppets are actually alive?


To not realize this is to be self-enslaved by fairy tales.

Mon, 02/04/2013 - 15:19 | 3214005 kralizec
kralizec's picture

Street light serenade...

Mon, 02/04/2013 - 15:19 | 3214006 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

Holder in the pokey.

Breuer in the hoosgow.

Timmy in the big house.

Barry O. up the river.

Corzine ? Sleeping with the fishes.

Mon, 02/04/2013 - 15:26 | 3214044 NoDebt
NoDebt's picture

Stop it.  I'm getting all misty.

Mon, 02/04/2013 - 15:34 | 3214066 OutLookingIn
OutLookingIn's picture



What justice?

The only justice to be gotten will come from the muzzle of an M-16!

Mon, 02/04/2013 - 15:55 | 3214117 The Gooch
The Gooch's picture

Dats rayciss.

No love for 308?

Mon, 02/04/2013 - 15:43 | 3214091 Bad Attitude
Bad Attitude's picture

"All animals are equal, but some animals are more equal than others."

Mon, 02/04/2013 - 15:56 | 3214121 azzhatter
azzhatter's picture

and as the great Mark Twain said "I did not attend his funeral but I certainly approved of it"

Mon, 02/04/2013 - 15:19 | 3214008 km4
km4's picture

this is a MUST SEE or read transcript

Matt Taibbi on Big Banks’ Lack of Accountability


and good post here

Barack Obama, Wall Street Co-Conspirator?

Mon, 02/04/2013 - 15:26 | 3214041 km4
km4's picture

comment on Matt Taibbi on Big Banks’ Lack of Accountability


nosohappy  2 days ago


Taibbi talks about the fabric of society, but I think it is already pretty much in tatters at this point. What isn't being talked about is the cultural (and not just economic or legal) changes. "Management" in American businesses have developed a full-on predatory attitude towards their own employees, and anyone else they can make a buck off of. Most people that I know are stunned at the way management has turned on their employees like hungry wolves, and are still nosing around for bits of flesh they may have missed.

This isn't just an economic or legal issue, this is a gargantuan change in the dynamics of how a society functions and interacts. I'm not a historian or anything, but it reminds me of pre-independence India, where there is a rigid caste system - and if you're not in the right caste, there's no justice or fairness. Americans are a little bit in shock and denial that something like that could be happening here, and so quickly, but all the signs says that it is.



Mon, 02/04/2013 - 16:16 | 3214202 Westcoastliberal
Westcoastliberal's picture

I'm afraid you might just be spot-on there KM.

Mon, 02/04/2013 - 17:46 | 3214461 Not Too Important
Not Too Important's picture

The coup has already taken place. Most just don't realize it yet.

Mon, 02/04/2013 - 15:19 | 3214010 williambanzai7
williambanzai7's picture


Mon, 02/04/2013 - 15:22 | 3214027 A Lunatic
A Lunatic's picture

Dude; I'm trying to eat lunch..............

Mon, 02/04/2013 - 15:22 | 3214028 The Gooch
The Gooch's picture

That will be most difficult to "unsee".

Mon, 02/04/2013 - 15:31 | 3214053 NoDebt
NoDebt's picture

Like witnessing a train wreck.  It's horrific, but you just can't look away. 

This must be at least the 50th time I've said "that is the most disturbing picture I've ever seen on the web" looking at his stuff.  Yet I keep coming back again and again.

Mon, 02/04/2013 - 15:58 | 3214125 Cognitive Dissonance
Cognitive Dissonance's picture

Like you, I too am a sucker for Banzai7 punishment. :)

Mon, 02/04/2013 - 16:03 | 3214134 williambanzai7
williambanzai7's picture

This is my self assumed role.

When the crony bitch needs slappin, I'm the one who slaps it.

I'm not writing finely tuned law review articles. Those don't seem to accomplish much of anything nowadays.

Nope, I'm the visual crony bitch slapper and there's still plenty of slappin that needs to be done.

Mon, 02/04/2013 - 16:20 | 3214214 The Gooch
The Gooch's picture

You should make sets of picture cards so we can educate the unwashed masses.

Tue, 02/05/2013 - 01:22 | 3215575 Manic by Proxy
Manic by Proxy's picture

A deck of playing cards!! That's it. It'll make millions. Just send my modest percentage to my local bankster, "Full Faith and Credit" Johnson.

Mon, 02/04/2013 - 15:24 | 3214036 resurger
resurger's picture

Reminds me of the crazy wife of Eddie Murphy in one of his movies who ended up as a strip dancer in Mexico... the bankers will get a bullet in the mail.

Mon, 02/04/2013 - 16:10 | 3214180 OpenThePodBayDoorHAL
OpenThePodBayDoorHAL's picture

All it needs is Dear Leader in the background, dressed up as a pimp

Tue, 02/05/2013 - 02:48 | 3215684 Clashfan
Clashfan's picture

Norbit (film)

Rasputia (wife)

Tremendously underrated flick.

Mon, 02/04/2013 - 15:25 | 3214040 Cognitive Dissonance
Cognitive Dissonance's picture

I love the pink lip gloss and the skillful use of the eye liner.

You are magic Banzai7. :>)

Mon, 02/04/2013 - 15:28 | 3214051 Dr. Engali
Dr. Engali's picture

Did you pull this photo off of a SEC computer screen saver?

Mon, 02/04/2013 - 16:14 | 3214164 DaveyJones
DaveyJones's picture

Ah, the most appropriate image yet for these global prostitutes

high on Reserve Crack

pushing anything to the higherst bidder

selling their children to the street vermin of the world

Mon, 02/04/2013 - 15:20 | 3214012 francis_sawyer
francis_sawyer's picture

Obama & Holder are doing 'somebody elses' work... Which makes them both corrupt & stupid...

Mon, 02/04/2013 - 15:21 | 3214013 Cognitive Dissonance
Cognitive Dissonance's picture

Thank God.

If Obama were to replace Holder with another place holder Wall Street might actually have to flush the market to show who run Bartertown.

Mon, 02/04/2013 - 15:20 | 3214014 Seasmoke
Seasmoke's picture

Bank Nigga

Mon, 02/04/2013 - 15:38 | 3214081 OutLookingIn
OutLookingIn's picture

Da 'Bruthas' stick together!

Mon, 02/04/2013 - 15:20 | 3214015 tarsubil
tarsubil's picture

"Fundamentally, Obama’s continued support for Holder illustrates that Obama is still committed to the policy of holding financiers to a lesser standard of justice than other citizens."

This is written as if Obama oversees the financiers rather than the financiers oversee Obama.

Mon, 02/04/2013 - 15:45 | 3214098 Cognitive Dissonance
Cognitive Dissonance's picture

I think it is more a matter of peak-a-boo.

Then again.....maybe not. :)

Mon, 02/04/2013 - 16:12 | 3214181 DaveyJones
DaveyJones's picture

wish they'd be more boo about the peak

Mon, 02/04/2013 - 15:23 | 3214017 NoDebt
NoDebt's picture

I can see no discernable difference between TBTF banks and the government at this point.  Period.  No way to say where one ends and the other begins.

(Don't make me break out the Dr. Who references here, because I can.  I withold purly out of respect for my fellow Zero Hedgers and the fact it may tend to make me look like a super-geek.)

Mon, 02/04/2013 - 15:21 | 3214021 resurger
resurger's picture

"But I doubt that will happen any time soon."



Mon, 02/04/2013 - 15:26 | 3214022 Muppet Pimp
Muppet Pimp's picture

Holder worked for the banks before DOJ (representing them as a defense attorney), and continues to work for them at DOJ.  His job is easier now, because he no longer has to go to court, he just quashes the charges from his desk.  The same thing Mary Jo White did prior to her being appointed head of the SEC.  And if confirmed we know exactly what she will do when she gets there.  Obama is a leftist scumbag with zero respect for our constitution and zero respect for the rule of law.  This is prima facia evidence of that. 

What do you bet the bought and paid for leftist media does not cover any of this?  It's is so easy a caveman could do it, right Obama?

Mon, 02/04/2013 - 15:35 | 3214073 TrulyStupid
TrulyStupid's picture

More anti-Obama ravings from a republican who doesn't realize he is a Republicrat.. the media is leftist? no... it is corporatist,

disrespect for the constitution comes from the whole ruling bankster/neo-con/MI complex as well as the Supreme Court. Obama is offered up as a scapegoat for those who can't look in the mirror and behold the real problem.

Mon, 02/04/2013 - 16:41 | 3214286 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

It looks like some of the real liberal left types, not faux-liberals masquerading as Democrats are starting to wake up and smell the coffee.

Mon, 02/04/2013 - 15:21 | 3214023 Black Markets
Black Markets's picture

Everyone is "riding roughshod" over the American people, because they are fat lazy and stupid and they build shit products and export nothing but their children's income.

The US political class is 10 years ahead of the rest of the world but the rest of the world is catching up. Americans are gluttonous imbeciles whose wealth is there for the taking. They're too lazy and slow to compete in a flat geopolitical world and so they are being eaten alive by their competitors.

Long may it continue its good for everyone who believes in meritocracy.

Mon, 02/04/2013 - 15:26 | 3214046 A Lunatic
A Lunatic's picture

Fuck you and your Geographical generalizations. There are quite a few AMERICANS around here who are fed up with the bullshit............

Mon, 02/04/2013 - 15:53 | 3214112 Black Markets
Black Markets's picture

Get back to work dickhead.

Mon, 02/04/2013 - 17:48 | 3214468 Wakanda
Wakanda's picture

B M = Bowel Movement

Mon, 02/04/2013 - 20:29 | 3214944 Andy Lewis
Andy Lewis's picture

Suck my cock.

Mon, 02/04/2013 - 17:18 | 3214389 Dr. Engali
Dr. Engali's picture

What did I tell you guys about feeding the trolls? it just encourages them.

Mon, 02/04/2013 - 15:27 | 3214048 Muppet Pimp
Muppet Pimp's picture

Don't confuse the American people with their present leadership.

Mon, 02/04/2013 - 15:58 | 3214126 Black Markets
Black Markets's picture

What leadership?

All I see is turkeys voting for Christmas.

You are the dumb bastards who vote these fuckers in.

You're nothing but lazy stupid pork barrel suckers. Don't pretend you're better than your "leaders". You ain't. They're the same as you.

Mon, 02/04/2013 - 16:07 | 3214160 Westcoastliberal
Westcoastliberal's picture

Must be MDB's cowboy cousin, all hat, no brains.

Mon, 02/04/2013 - 16:26 | 3214239 XitSam
XitSam's picture

No, MDB_ is sophisticated, but recently less so, satire. Hat guy is just a troll.

Mon, 02/04/2013 - 19:26 | 3214758 A Lunatic
A Lunatic's picture

A 10 gallon hat on a 2 gallon head...............

Tue, 02/05/2013 - 01:16 | 3215568 Manic by Proxy
Manic by Proxy's picture

Is your avatar the poster on your bedroom wall? The one to which you beat off nightly?

Mon, 02/04/2013 - 17:01 | 3214350 Freddie
Freddie's picture

2012 was a total NWO Bilderburg op.

First get any conservatives out helped by Rove/Bush gang.  Paul and Bachmann were out.  Newt was a CFR blocker for Romney.  Santorum had Midwest states stolen by vote fraud after the polls closed or were closing.  

So they had Obama Lite just in case.  They on election night the swing states and others were stolen.  Dems made sure to keep the Senate and Obam got lots of last minute and late night votes for all the swing states.

McCain was also a back up in 2008.

Mon, 02/04/2013 - 15:35 | 3214068 williambanzai7
williambanzai7's picture

What do cowboy hat avatars and hemorhoids have in common?

Sooner or later every asshole has one.

Mon, 02/04/2013 - 17:44 | 3214456 Not Too Important
Not Too Important's picture

I know, but he is right.


Mon, 02/04/2013 - 19:00 | 3214668 LetsGetPhysical
LetsGetPhysical's picture

unlike Europe or China right? Do tell.

Mon, 02/04/2013 - 15:22 | 3214026 ebworthen
ebworthen's picture

The political and judicial class of the U.S.S.A. are the lackeys of the bankers.

Mon, 02/04/2013 - 15:29 | 3214055 alien-IQ
alien-IQ's picture

If Bankers are the meal ticket for the judicial and political class, then cutting off the food supply would seem to be the logical course of action to rid the world of these parasites.

It's banker hunting season.

Mon, 02/04/2013 - 19:05 | 3214685 LetsGetPhysical
LetsGetPhysical's picture

The political and judicial class of the world are the lackeys of the bankers. 

There I fixed it for you. 

Mon, 02/04/2013 - 15:26 | 3214045 alien-IQ
alien-IQ's picture

If the law does not apply equally to all, then it applies to no one at all.

This leaves only one way forward: Mob Rule.

Break out the pitch-forks and sharpen up the guillotine. Go grab yourself a banker and "do the right thing".

Mon, 02/04/2013 - 16:03 | 3214147 a growing concern
a growing concern's picture

Why the hell would you sharpen the guillotine? Grind the edge to make that shit as dull as possible. Make sure it's rusty, too.

Mon, 02/04/2013 - 16:22 | 3214225 XitSam
XitSam's picture

So that instead of a clean cut, the head is ripped from the body, and then infected so that the (dead) person gets gangrene of the neck?

Mon, 02/04/2013 - 15:27 | 3214050 Wakanda
Wakanda's picture

The Second American Revolution, like Valley Forge in 1777-78.

Mon, 02/04/2013 - 15:32 | 3214062 A Lunatic
A Lunatic's picture

Right now for many the body is willing but the spirit is weak; but soon Bitchez, soon..........

Mon, 02/04/2013 - 15:39 | 3214083 Bad Attitude
Bad Attitude's picture

Why do you think they want our guns?


Mon, 02/04/2013 - 15:59 | 3214130 A Lunatic
A Lunatic's picture

I see the Gun Grabber in Chief is in Minnesota today making his case for reasonable unreasonableness.

Mon, 02/04/2013 - 16:28 | 3214249 Manipuflation
Manipuflation's picture

Unfortunately he is and it's creeping me out because that means he way too close to me.  There is a ton of anti-gun legislation coming up in the legislature here.  Maybe I should contact my state rep?  Oh wait, I can't because I don't have one!  Thanks a lot Steve!

Mon, 02/04/2013 - 16:02 | 3214138 eatthebanksters
eatthebanksters's picture

They have all the economic data...they know how bad it is...they know the endgame...that's why he's backing the bankers and that's why they want our guns.

Kyle Bass said it best when he stated that, "The governments job is not to tell us the truth, but rather its job is to instill confidence."  We're in a jetliner running on one engine and losing altitude fast, but the government ordered us to lower our window shades and they are telling us things are fine and we're slowly gaining altitude...until we crash and burn.

Mon, 02/04/2013 - 16:06 | 3214154 Westcoastliberal
Westcoastliberal's picture

Sorry to say, but I think you've hit the nail squarely.

Mon, 02/04/2013 - 20:31 | 3214949 Temporalist
Temporalist's picture


They are also telling the passengers:

"stick your arms out at and start flapping" and

"the people that built this crashing inferno are your friends and if you only do what they say again, this time everything will work out fine" and

"the more you spend the more you save" and

"your vacation destination in hell is just a mouse click away"

Mon, 02/04/2013 - 15:29 | 3214054 HoaX
HoaX's picture

OT but why no post about Herbalife yet? They dropped 4% today:

Time to declare Ackman winner or ..?

Mon, 02/04/2013 - 16:27 | 3214242 WonderDawg
WonderDawg's picture

HLF is back in the green.

Mon, 02/04/2013 - 16:37 | 3214266 HoaX
HoaX's picture

Aw, poo.

Oh well..The Icahn is strong in this one I guess.

Should have known better than to take anything bloomberg writes serious. Upvote for you!

Mon, 02/04/2013 - 15:32 | 3214059 akarc
akarc's picture

This post is a joke right? It's against the law to break the law in America isn't it? after all, the cops always let me off w/ a warning. Fuck em! 

Mon, 02/04/2013 - 15:37 | 3214077 Yamaha
Yamaha's picture

Don't question the Government - look at S&P reward for downgrade.

Mon, 02/04/2013 - 16:50 | 3214071 Dr. Engali
Dr. Engali's picture

Holder has more important things on his plate besides worrying about prosecuting some corrupt bankers....He has to develope a plan to disarm the citizenry to protect the corrupt bankers.

Mon, 02/04/2013 - 15:36 | 3214075 sitenine
sitenine's picture

Rule of law?  HAHAHA!!!

Mon, 02/04/2013 - 15:41 | 3214088 Hedgetard55
Hedgetard55's picture

"Barry Get your Gun".

Mon, 02/04/2013 - 16:01 | 3214135 Quinvarius
Quinvarius's picture

Is DC even part of America?  Maybe we need to invade.

Mon, 02/04/2013 - 16:02 | 3214139 loveyajimbo
loveyajimbo's picture

Now we know what the people of nazi germany felt when the rule of law was abandoned for fascism... who would have thunk it??  this is going to get REALLY violent.

Mon, 02/04/2013 - 23:50 | 3215432 Bernankenstein
Bernankenstein's picture

It's already violent, it's just that the wrong people are being targeted, like poor defenseless schoolchildren. My valuation puts 1 child's life above the lives of all the crooks discussed here daily.

Mon, 02/04/2013 - 16:04 | 3214151 AngryGerman
AngryGerman's picture

I's very simply:




so why should the government go after banks

Mon, 02/04/2013 - 16:18 | 3214209 Village Smithy
Village Smithy's picture

Agreed. Election REFORM is where we need to start if change is to come without violence.

Mon, 02/04/2013 - 16:51 | 3214316 Freddie
Freddie's picture

The last election was totally rigged.  The NWO also made double and triple sure by knocking out Ron Paul and then Santorum to get us Romney in case the election theft somehow failed.

The Democrats and Democrat voeter plus the RINOs like Rove are the same team. 

Mon, 02/04/2013 - 17:33 | 3214413 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

Constitutional Amendment (assuming the Republic is still standing) that states there has to be seperation of corporation and state or something to that effect would be a good start and something the states could do to bypass these bastards. Problem is the fabian socialist (these people are not liberals, just faux-liberals masquerading as left wing democrats) strongholds like in New York, Chicago, California etc. are going to be an impediment.


Cut the whole cancer out at once and have a portion of tax revenue go towards elections and salaries. No special interest monies period from any groups. If they are going to be on the take only allow them to be on the take to the populace they are elected to serve.

Corporations are not people regardless of what the courts say. They are nothing more than groups of individuals, just like government or anything else. They are groupings of not an actual person.

Mon, 02/04/2013 - 19:25 | 3214756 Bad Attitude
Bad Attitude's picture

The unions need to be politically neutered, too. Usually, the union leadership supports positions/candidates/legislation that are opposed by their members. The large unions should be broken up - anti-trust style. Any more, the unions are just a Democrat funding mechanism, with representation of their members being a distant second priority.

Mon, 02/04/2013 - 18:23 | 3214163 Widowmaker
Widowmaker's picture

Eric [dick] Holder has decimated the rule of law and shattered any semblance of criminal justice in the USA.  Like banks and fraud money, confidence is gone, gone, gone.

Whoever wrote if the faggot-bankers don't have to follow the law, why should anyone else has it absolutely right.  Anarchy ensues to the welcome applause of everyone with a conscience.

Breuer and Holder are the laughing stock of "justice."

Eric better stay away from Skittles and iced tea.

Mon, 02/04/2013 - 16:08 | 3214167 debtor of last ...
debtor of last resort's picture

Befehl ist Befehl, bitchez. Trials will be in a empty Detroit car factory. Executions right behind the Eccles building.

Mon, 02/04/2013 - 16:18 | 3214205 XitSam
XitSam's picture

In colonial era South (and North) Carolina, when the government would not contain rampant criminal activity in the back woods, the people assembled and nominated some from their number to bring evil-doers to justice. They were called Regulators. Later when the Regulators realized the power they controlled, they became a law to themselves, persecuting the lawful but socially undesirable ... the poor and no-accounts. Another group needed to be formed to rein in the Regulators, this group was called the Moderators.  Should we form a new Regulator group?  The Government Regulators?

Mon, 02/04/2013 - 16:25 | 3214234 yogibear
yogibear's picture

Eric Place Holder is a useless seat warmer.  Like a Chicago City Hall Ghost pay roller.

Only shows up in public meetings.

Mon, 02/04/2013 - 16:41 | 3214284 janchup
janchup's picture

The President is behind this of course and behind the President was the Weasel Geithner, bankster mole in Treasury.

Mon, 02/04/2013 - 16:52 | 3214323 mumbo_jumbo
mumbo_jumbo's picture

lets face it, if you follow the rules and pay your bills on time you are a fucking fool.....i've had few friends try and get mortgage relief as they are underwater big time but there's a problem......they are still making their payments every month so there's no help for them only those who stopped paying can get relief......what a fucked up country.

Mon, 02/04/2013 - 17:24 | 3214405 q99x2
q99x2's picture

Banks have so much on that guy, from Oklahoma City to Sandy Hook that he doesn't dare do anything that the the banksters don't tell him to do.

Mon, 02/04/2013 - 17:33 | 3214417 Miles Kendig
Miles Kendig's picture

That means that Eric Holder and all others associated with Too Big To Jail must lose their jobs.

- John Aziz

Losing ones command however transitory over an epic whoopsie of this nature can not be punishment enough for acts of state treason, especially those acts committed during times of armed conflict.  There aren't any statute of limitations issues with section 2380 et al of 18 USC to be concerned with.

ECB president Mario Draghi gave voice to the sentiment of major central banks that black money must be protected at 100% (plus reasonable carry of course) or else while OECD justice systems insist that prosecuting said treason will destroy world finance reflect the rule our rulers.  So world finance and their subservient systems of government MUST give shelter and aid to these channels rendering OECD governing systems fatally compromised by their webs of treason against society and its rule of law.

These dynamics have been elevated to the status of imminent clear and present danger to the national security of the United States by the president and his administration of government.  The same holds true in the EU, UK, Japan, China, Russia .. heck, everywhere.

Welcome to the worldwide mafia state in action John

Mon, 02/04/2013 - 18:03 | 3214483 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

What a tool.

I'll see your Krugman and raise.


By creating new agencies like the Bureau of Consumer Financial Protection and expanding the role of existing entities like the Securities and Exchange Commission, Federal Reserve and others, Peirce said Dodd-Frank puts the nation’s financial health in the hands of regulators while providing little clarity for the rules they enforce.


Among the book’s key criticisms is the law’s underlying philosophy, that some companies are so large and interconnected throughout the economy that their default would result in disastrous market contagion. The authors contend that Dodd-Frank responds with the sort of regulatory overreach that guarantees government protection for companies that, like insurance giant AIG, are considered too-big-to-fail.


While some regulations have expanded, others have vague constraints, such as the Volcker Rule. Named for Fed chairman Paul Volcker, the rule was designed to keep banks from investing customer assets in risky speculation. But the rule brought more questions about how banks can legally invest, setting up a potential chill in the securities market.


While Dodd-Frank is responsible for much new financial regulation, Peirce said the law provides no oversight for the housing industry that was at the center of the financial crisis. Nor does it clarify government’s role in the home mortgage business.


“Big components like housing finance reform, that issue was totally not addressed by Dodd-Frank,” she said. “That was a huge part of the problem in the crisis, the government’s involvement in (backing mortgages). It made the government more likely to step in and save entities because the government itself was so deeply entrenched.”


The bigger problem: the natural risks of the marketplace have been replaced by Dodd-Frank’s confidence in the wisdom of regulators.

Yeah I wonder why that is? /sarc

Which company(s) board of directors are Dodd and Frank sitting on now hmm?

Mon, 02/04/2013 - 17:57 | 3214487 Cycle
Cycle's picture

"Too big to jail" is probably similar to the thoughts the Sun King and his Consort were having around 1788 in France.

Mon, 02/04/2013 - 18:49 | 3214637 Grinder74
Grinder74's picture

Strange that the best sniper in the world has now suddenly been killed (targeted?).

Mon, 02/04/2013 - 21:16 | 3215083 f16hoser
f16hoser's picture

Fuck I hate EH. He looks like the type who should be bitch-slapped by his boy friend.

Mon, 02/04/2013 - 22:40 | 3215267 monad
monad's picture

Turtle Holder

Tue, 02/05/2013 - 04:40 | 3215743 Me_Myself_and_I
Me_Myself_and_I's picture

Holder is the J. Edgar Hoover of our time.

Tue, 02/05/2013 - 13:19 | 3216706 dadichris
dadichris's picture

it only takes 3 to form a criminal conspiracy; holder, benanke, geitner

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