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Goodbye Mary Schapiro: Grassley Asks SEC To Account For Illegal Document Destruction
Flashing headlines:
- GRASSLEY ASKS SEC TO ACCOUNT FOR ALLEGED DOCUMENT DESTRUCTION
- SENATE'S GRASSLEY MAKES REQUEST IN LETTER TO SEC'S SCHAPIRO
- GRASSLEY: WHISTLEBLOWER CITED `UNLAWFUL DESTRUCTION' OF RECORDS
- GRASSLEY CITES ALLEGATIONS IN LETTER FROM SEC WHISTLEBLOWER
As a reminder, Grassley is after Stevie Cohen. If Mary Schapiro indeed willingly destroyed docs that exposed SAC as a criminal organization, she is going to prison. And if indeed this is true, in the aftermath of Madoff, that is where she belongs.
And for more from Grassley we go to Matt Taibbi who broke this story in the Rolling Stone by continuing to do the work of investigative journalists, who rather prefer to be fed teleprompted lines on comcast's fincomedy channel as quite unquote laughter inducing anchors, instead of actually performing, you know, investigative journalism.
The destruction of records by the SEC, as outlined by Flynn, is something far more than an administrative accident or bureaucratic fuck-up. It's a symptom of the agency's terminal brain damage. Somewhere along the line, those at the SEC responsible for policing America's banks fell and hit their head on a big pile of Wall Street's money – a blow from which the agency has never recovered. "From what I've seen, it looks as if the SEC might have sanctioned some level of case-related document destruction," says Sen. Chuck Grassley, the ranking Republican on the Senate Judiciary Committee, whose staff has interviewed Flynn. "It doesn't make sense that an agency responsible for investigations would want to get rid of potential evidence. If these charges are true, the agency needs to explain why it destroyed documents, how many documents it destroyed over what time frame and to what extent its actions were consistent with the law."
Read the full thing at Rolling Stone
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She has a "matter of national security" letter like the one in Patriot Games.
-or- the AG will simply not prosecute the case.
Either way, it'll go away faster than the BP oil.
Schapiro is such a skank
Why is a Jew a head of every financial instution in this country?
Bernanke, the Fed
Gensler, CFTC
and our good friend Mary, of the SEC.
Jesus, it's like we're actually living a bad Nazi propaganda film where Jews really do control the money supply.
Yeah, their actions today just like in Wiemar Republic days do little to dispel the supposed myth.
Don't you mean their lack of actions. The capital markets, the stock market and the bond market are casino ponzi scams.
If they want to do their job, they can start by throwing anybody out who has a software based system designed to manipulate stock prices.
All the excuses, we provide a different view, we provide liquidity and we provide price discovery are phony.
The only thing HFT's do is steal invested dollars from those who would like to invest. They buy and sell the same securities in seconds.
It is total Bullshit. It is worse than what Bernie Madoff did. They pump up prices and have taken over the market.
Now they have their computers plugged in front of wall street's computer. Call it a filter to steal your money.
They wonder why everybody is leaving and fund managers like Blackrock are now salesman for the market's thieves, including themselves.
Please let the market crash soon and blow up all the HFT groups in one crash. Then we can once invest again after they are broke.
The fun of the markets is gone. Everything is sooooo leveraged up, even now.
http://www.youtube.com/watch?v=zrzMhU_4m-g
It's easy to cite that every financial institution is a jew when you cherry pick the ones headed by jews.
Timothy Geithner is not a jew.
Martin Gruenberg (acting chairman of the FDIC) is not a jew.
John Stumpf (CEO and President of WFC) is not a jew.
Jamie Dimon (CEO of JPM) IS a jew.
Vikram Pandit (CEO of Citigroup) is not a jew.
And those were just the first 5 that came to mind.
The point of the matter is and always has been when a country has a certain religous minority who only represent 2% of the total population how is it that they represent approximately 40% of the high rank financial types, approximately 55% of the high rank entertainment types and about 25% of high rank government types except in the security establishment (FBI, CIA, DOD & NSA)? I should also say the same minority is also overrepresented in professorships, medicine and music but those activities are considered non-threatening so are less often mentioned. The best answer I have ever hear is the religion in question is the only one of the "People's of the book" that does not have a strong anti-intellectual strain as a foundation of the religion.
Once Judaism becomes the complete law of the land (it pretty much is almost there now, Congress already passed a law in 91 IIRC instituting the "Seven Noahide Laws" which is just code for the Talmud), jewish medical doctors will STOP treating goyim on the Sabbath.
Such is against Judaic law right now. But they are given permission to disobey the law only because to do so would cause harm to jews. Once they have complete control, forget it stupid goyim, you'll just have to not have your heart attack or stroke or car accident on Saturday or you'll have to die.
So it's "dead" wrong (no pun intended) to say jewish md's won't cause harm to goyim.
But guess who is: Hall of Famer Rod Carew - he converted.
Are you sure about Gruenberg? Lol. Im not suggesting all Jews are crooks, It just seems to me that the highly visible influintial ones that just happen to control vast sums of money should perhaps hold themselves to higher ethecal standards lest the historical stigma be perpetuated.
excuse me. Geithner is a Jew, Dimon is not.
Geithner was raised an Episcopalian and was married by a United Church of Christ Minister. He is not Jewish.
Nor is Dimon Jewish. He's the son of Greek immigrants, and is Greek Orthodox. But if it makes assholes feel better to just declare what they want to be the case to be true to support their preconceived idiocy, who are we to burst their bubble? Other than not being bigots on autopilot, that is.
Well, Tmosely has admitted to being a Jew in many threads. He is basic our token Jewish crusader on ZeroHedge, constantly demanding any talks of Jewish people be banned from the conversation. I would take his opinion with a grain of salt.
Furthermore, the head of JPM is not nearly as important as the had of the Fed, CFTC, or the SEC. That being said, while there are some gentiles in positions of power, there are a vast disproportionate amount of Jews in finance, and at the very top of the pyramid.
The Fed, SEC, and CFTC are the three most important financial positions in the country, and the Fed is probably the most important in the entire world. With the exception of Volcker, every head of the Fed has been a Jew. Considering their extremely small percentage of the population, and how the Fed historically has transferred money from everyone else to the top 1%, many are starting to see the racket for what it is.
Also, from my understanding, Geithner is indeed not a Jew.
Of course Volcker is an outlier based on behavior as well as religion.
tmosley,
This is from the Jewish Chronicle Online
All the main candidates for the crucial job of Treasury Secretary, the man who will have to deal with the global financial crisis, are Jewish. They include Robert Rubin and Larry Summers, who both held the job in the Clinton Administration, former president of the Federal Reserve Paul Volcker, president of the Federal Reserve Bank of New York Tim Geithner and even New York Mayor Michael Bloomberg, who is mentioned as an outside candidate.
http://www.thejc.com/sarah-palin/7916/analysis-the-american-election
Geithner worked for Kissinger Associates in Washington for three years
Well, it just goes to show that Jews aren't perfect either, but rather are only exactly human, just like you sorry sons of bitches. His was married, for example, in a United Church of Christ ceremony.
http://www.nytimes.com/1985/06/09/style/carole-m-sonnenfeld-wed-to-t-f-g...
Many don't practice Judiasm, but are still Zionists. I believe their statement to be true, his ancestors are Jewish.
Cross a jew, profess the truth about the Talmud and the Rabbis, in most professional fields, your life is over.
From Judaism Discovered, Michael Hoffman (a so-called "Judaic"), pg 438 top
Judaism’s Talmud, Soferim 15, Rule 10. This is the saying of Rabbi Simon ben Yohai: Tob shebe goyyim harog (“Even the best of the gentiles should all be killed”). From the original Hebrew of the Babylonian Talmud as quoted by the 1907 Jewish Encyclopedia, published by Funk and Wagnalls and compiled by Isidore Singer, under the entry, “Gentile” (p. 617). Some translations conceal this Talmud passage. The Jewish Encyclopedia states, “…in the various versions the reading has been altered, ‘The best among the Egyptians’ being generally substituted.” In the Soncino version: “the best of the heathens” (minor Tractates, Soferim 41a-b)*
* Jewish Press, June 9, 1989, p. 56B
Hoffman demonstrates throughout his book: The Talmud is Judaism’s holiest of all holy books, far above the O.T., which Judaism believes to be a poem only understood through the Talmud interpreted by a Rabbi. In other words, Judaism is all-Talmud all the time. The above passage is in full effect same as when authored. The Talmud instructs the Rabbis to lie and obfuscate the truth of such passages to naïve goyim, only until Judaism rules supreme over the land, at which time all such passages are subject to immediate enforcement.
http://web.archive.org/web/20061218133928/http://revisionistreview.blogs...
Something interesting I noticed within the past 6-8 weeks ago here at ZH. A member proposed that a guest editor with MS or some other debilitating disease should "die". He proclaimed it multiple times with great enthusiasm.
I remember not one other member (including myself, guilty) posted something like "shut up you evil bastard" or anything like that.
Then...couple weeks ago another member posted links and stuff about jews (I think his sources were good and sources I'm very familiar with).
Almost immediately the tired old "anti-semite" slur comes out to make the guy shut the heck up.
Interesting to compare the two reactions.
it's because they are smarter than us
It's because, back in the day, Xtians were forbidden by their religion from charging interest, so they set up the Jews to run the banks. The rest, as they say, is history.
Didn't you know that Hitler made it permanently safe for the Rabbis to do whatever they want? The stupid goyim give the Rabbis a permanent teflon shield called the "anti-semite" slur.
Thought I'd squeeze this in quick before the first anti-semite slur arrives for your bold post: Most goyim know little about the fact that the Rabbis themselves say Hitler did God's work against the jews who did not walk in step with the Rabbis.
Good riddance you fucking CUNT
It'll die faster than the "we got Osama Bin Laden, but we lost the body on the way home", story.
Well, I would be neglectful if I didn't mention the enormous flaming pelican off the coast of Los Angeles that looked a shitload like a submarine launched Chinese ICBM.
Just tossin' that out there.
Hahahahaha
Too bad about that million dollar a year job in "the industry" you won't get now, bitch.
I hope you enjoy non-consensual lesbian prison rape parties.
Taibbi is a great journalist but, unfortunately, nothing is likely to come of this. His previous articles stir up some shit for a short period of time, everyone is up in arms, and then it gets replaced in the collective public awareness by some other shitstorm. I appreciate his efforts, though, and hope that my cynicism is wrong this time.
He's got some stones for putting this out there and I admire his diligence. Hope he doesn't have a mysterious car accident.
Or even faster than that Fucu...Fukushi...sushi...uh...What was the name of that Japanese Plant thingy story?
In my 100 rounds of silver I purchased today I came across two 9/11 rounds. One says "We will never forget" and the other says "Land of the Free." Being the skeptic I am I read them as "I will never forget how 9/11 was used to subvert the 'Land of the Free'"
Inaction Jackson will be ON the case!
Exactly. If you pull this thread, the entire ball of thread comes unraveled. This is racketeering. It is 100 organizations and tens of thousands of people that mutually profit, and protect one another.
Sounds like the Federal Government to me; oh wait.
schapiro will be convicted, pardoned, then named to the board of directors at JP Morgan after turning down similar offers from Citi and Goldman.
If you drop the phrase "convicted, pardoned, then", you're sentence would be a lot more accurate. What makes people here (including Tyler) think she will even be indicted?
Mid level fall guy and she is golden.
Did ya hear the three supervisors of Fast and Furious got promoted?
This is your government saying, "Fuck you."
Well, you don't REALLY want to know what's in the saugage...do you?
Clear & Present Danger...
Moira... the machine is still on...
RESPONSE FROM MY SENATOR REGARDING THE FEDERAL RESERVE DESTRUCTION OF OUR COUNTRY:
CONSTITUENTS RESPONSE ON BEHALF OF THE SENATOR
Dear Friend: Thank you for contacting me regarding the Federal Reserve System. I welcome your thoughts and comments. On November 3, 2010, the Federal Reserve announced a new program to buy $600 billion of United States Treasury bonds over an eight-month period. Through this program, known as quantitative easing, the Federal Reserve aims to lower interest rates as a means to encourage businesses to borrow money at low rates to use for growth and investment. This is the second round of quantitative easing (QE2) used by the Federal Reserve in response to the economic recession that our nation continues to face. From November 2008 to March 2010, the Federal Reserve purchased $1.7 trillion of Treasury securities and mortgage-backed securities, a purchase program that pushed the Federal Reserve’s balance sheet to nearly $2.4 trillion. In March 2010, citing improved economic conditions, the Federal Reserve stopped buying additional securities, and began to shrink its balance sheet. However, our nation’s economy has seen little improvement. The national unemployment rate remains high, hovering at 9%, and the home foreclosure rate continues to be problematic. Despite efforts to increase business lending and growth, many businesses, large and small, remain hesitant to pursue new projects due to lingering economic uncertainty. I am pleased that Congress removed some of this uncertainty by extending important tax relief from 2001 and 2003. This ensures that every American is spared from looming tax hikes, and I believe that this tax agreement will spur economic growth and job creation that our economy needs. Unfortunately, great uncertainty remains with the implementation of President Barack Obama's health care law, onerous regulation from federal bureaucracy, and out-of-control spending. Despite my opposition to increased spending, the federal government has posted deficits of $1.4 trillion and $1.3 trillion over the past two years. Our nation’s debt is on an upward trajectory, recently surpassing an historical $14 trillion benchmark in December 2010. The federal government is simply not demonstrating the federal responsibility our nation needs. Through monetary policy, the Federal Reserve is only following suit. Since its inception in 1913, the Federal Reserve System has served an important role in our financial system. However, I am concerned with the extraordinary and unprecedented actions taken by the Federal Reserve to address our nation’s current economic downturn, particularly programs such as two rounds of quantitative easing that could ultimately swell the Federal Reserve’s balance sheet to nearly $3 trillion. I voted against the nomination of Federal Reserve Board Chairman Ben Bernanke to serve a second term, and have expressed my concerns to him about the risks of the Federal Reserve's actions, especially with regard to potential future inflation. I have also consistently supported efforts to bring greater transparency to the Federal Reserve and its newly created programs. With my support, a measure to bring greater transparency to the Federal Reserve was included in the Wall Street Reform and Consumer Protection Act (P.L. 111-203). This amendment requires two audits to be completed by the Government Accountability Office by July 21, 2011. The first will be a one-time audit of all emergency lending and other financial assistance provided by the Federal Reserve from December 1, 2007. The second is an audit of the governance of the Federal Reserve System, and is specifically an analysis of how bank directors are appointed. Once completed, both of these audits will be posted at: http://www.gao.gov. In addition, this measure required the Federal Reserve to disclose online all loans and financial assistance provided from December 1, 2007 through July 21, 2010. To access this information, visit: http://www.federalreserve.gov/newsevents/press/monetary/20101201a.htm. In reviewing this disclosure, I am particularly troubled by the amount of emergency assistance extended to foreign banks and non-financial institutions. With more recent actions such as QE2, I believe there should be even greater transparency within the Federal Reserve. During the 111th Congress, I supported additional measures to bring even greater transparency to the Federal Reserve. I was a co-sponsor of S. 604, the Federal Reserve Sunshine Act, to require a full GAO audit of the Federal Reserve. I will continue to support legislation to increase transparency at the Federal Reserve. As Congress considers legislation to stabilize our financial system and improve the disclosure and accountability of financial regulatory authorities, you may be certain I will keep your views in mind. I appreciate hearing from you, and I hope that you will not hesitate to contact me on any issue that is important to you. Sincerely, Kay Bailey Hutchison United States Senator 284 Russell Senate Office Building Washington, DC 20510 202-224-5922 (tel) 202-224-0776 (fax) http://hutchison.senate.govTHE HILL
http://thehill.com/blogs/on-the-money/banking-financial-institutions/177...
I agree.
And today's piece from Matt Tiabbi to go with it...
http://www.rollingstone.com/politics/news/is-the-sec-covering-up-wall-st...
"Access Denied" on above link
Yeh I got that on an earlier story
Worked fine for me.
works fine, I stopped reading in disgust when Matt said (somewhere along the way the SEC fell and hit it's head on a pile of Wall St money...) that's destined to be a classic hahahaaaaa
Oh sorry. That was just the internet kill switch.
maybe your porn filter kicked in?
SEC DOES WALLSTREET reminds me of another movie.... a classic...
http://www.rollingstone.com/politics/news/is-the-sec-covering-up-wall-street-crimes-20110817
Is the SEC Covering Up Wall Street Crimes? A whistleblower claims that over the past two decades, the agency has destroyed records of thousands of investigations, whitewashing the files of some of the nation's worst financial criminals.Ever since Taibbi's "vampire squid" piece about Goldman Sachs, I've been following his writing. This just adds to his list of hard-hitting articles. I am absolutely shocked he hasn't received any awards for his work. Personally, I think the man deserves a Pulitzer. Or at least a Presidential Medal of Freedom for risking his ball sack with the work he's done.
Let me fix that for you:
"I am absolutely shocked he hasn't drowned in his jacuzzi for his work."
Thanks.
Thanks....and yet again we get our best financial reporting from Rolling Stone.......not WSJ, Wash. Post, NYT, FT, etc.
I might be wrong here, but it appears that Rolling Stone is not beholden to anyone on Wall Street and is the only source of unbiased reporting on it.
Personally, I believe we would be far better off with no SEC....people need to do their own hiomework and protect themselves. All the SEC does is lead the innocents to believe someone is protecting them from the bad guys when in fact they are part of the same gang.
everything is tainted including Rolling Stones and....
Ron Paul. Everything happens for a reason....including this SEC bullshit.
Who cares why happens to the system. We know what it represents. The more you ignore this crap, the better off everyone will be.
Correct on both points. Matt Taibbi is the only investigative journalist in the corporate owned news media. And yes having a SEC and a CTFC just gives the appearance of a government watching out for people. Their history shows they are there to protect the big Wall Street firms. Just another lie from the US government.
Those emergency powers rules are a sumbitch, ain't they. One decade down and two to go to catch up to Mubarak.
what a stupid fucking question! Of course the SEC is covering the crimes of the elite....
and yes Schapiro is a cunt that deserves to be gangraped by a pack of Wall Street dogs.
Happy days are here again~
Oh wait, not yet.
storing all those documents cost money. Just ask BAC.
it was the best thing to do.
yeah...and isn't that like, tradition or something?
And how else are SEC employees going to keep warm on cold winter afternoons? ... no, don't answer that.
The greatest good for the greatest number; it was for stock holder values; you mean we were supposed to keep all that stuff?
EXACTLY!!!
IT'S LIKE BIRTHCERTIFICATES!! NOBODY KEEPS THOSE RIGHT?!
why would you if you can order a new one online for a few bucks?
I imagine that a year or so from now this post will be resurrected as another example of ZH presicence
prison
shit might be getting real !!!!!!!!!!!!
where have you been these last 3 years?!
IT'S EVEN GOING TO RUN FOR A SECOND TERM IN 2012!!
If this is true I am going to be so Freaking happy! I hate the ugly useless bitch!
Woot! Finally, something to break up the two year long meetings between M. Schapiro and Jamie Dimon and Lloyd Blankfien about which SEC laws she should enforce and which SEC laws she should ignore.
Time for M. Schaprio to start meetings with attorneys.
This story really matters.
Sweet!
Trying to find someone honest in Gubment is like trying to find a virgin in a whore house......
I'n just having a hard time wrapping my head around how the SEC could have even had time to destroy documents, considering all of the quality HD Tranny porn freely available online and iPads.
Time for Mary to start spilling the beans on everyone....she'll do anything to stay out of gauche orange coveralls.
Schapiro says "Goodbye Yellow Brick Road"
http://www.youtube.com/watch?v=U7wwZVB4yMI
Just some collateral damage in maintaining the PONZI...but seriously, somebody go to jail? More in your face evidence of how America is sooooo 3rd world.
Obama has her back... lol
He's welcome to it. But seriously, a week from now no-one in t he MSN will even know how to spell Shapiro. There's a book in the public library detailing the Bernie Madorff scam, the whole thing, the whole twenty years. As a side line, for completness it includes a sub-plot of the wall-street pro. full time analyst, who got three appointments with the SEC over a three year period, came complete with charts and records and audited statements from CPA;s, and used the exact phrase, 'Ponzi Scheme"; result. Don't call us, we'll call you. His impression; the attorneys at the SEC don't even know how the stock market works. It's horrifying. And it's a giant, expensive government money hole.
But, but, but, we need MORE government regulation! Based on all of the recent posts on ZH, I say we start a Federal Water Preservation Agency next. It will do for water what the DOE did for energy scarcity
great idea! i need the federal government to tell me what to order for lunch. maybe gold but i can't eat that worthless shit.
Nah, she might have the docs to show that Americans are either paying their mortgages or buying groceries rather than iPads, and Tyler will shit enough golf bricks to balance Greece's budget rather than admit it.
If you think about all the shit that's happened and been posted about (mostly here at ZH) none of this could have happened without the willing complicity of our regulators regardless of party.
http://www.pbs.org/moyers/journal/04032009/watch.html
April 3, 2009
BILL MOYERS: Welcome to the Journal.
For months now, revelations of the wholesale greed and blatant transgressions of Wall Street have reminded us that "The Best Way to Rob a Bank Is to Own One." In fact, the man you're about to meet wrote a book with just that title. It was based upon his experience as a tough regulator during one of the darkest chapters in our financial history: the savings and loan scandal in the late 1980s.
WILLIAM K. BLACK: These numbers as large as they are, vastly understate the problem of fraud.
BILL MOYERS: Bill Black was in New York this week for a conference at the John Jay College of Criminal Justice where scholars and journalists gathered to ask the question, "How do they get away with it?" Well, no one has asked that question more often than Bill Black.
It's not exactly complicity; didn't you get the news release about the sec watching porn all day on their government computers? They're government employees, they don't DO anything. Nothing. People in the Financial Industry are well aware of this.
I bet they masturbate. A lot.
I think they might be too lazy.......
...this kind of thing is regular order when it comes to government pukes. Anyone that has ever spent time around them knows this and trying to correct them is impossible, usually. Kinda like that last line http://www.youtube.com/watch?v=Eovei355l4o
Plenty of underlings for her to blame.
Whistle blower better move fast in crosswalks!
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3 days ago – Thomas Drake originally faced 35 years jail for leaking ... US President Barack Obama's war on whistleblowers has suffered several setbacks. ... was arrested for illegally downloading more than 4 million articles from ...
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President Obama's War on Whistleblowers | Change.org News
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War on whistle-blowers intensifies - Glenn Greenwald - Salon.com
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Dude's goin to come up like that banker in Australia a few years ago that committed suicide by shooting himself in the head with a rifle, which his arm wasn't long enough to reach the trigger. This was while he was seated behind the wheel of his car; he had goine to "meet somebody". The rifle was dropped in the passenger side foot well. Declared a suicide immediately.
WHISTLEBLOWER
Sorry but you all seem to have forgotten who the potus is. In 0s world the whistleblower goes to jail and everyone else gets a raise.
http://www.youtube.com/watch?v=kUyutryL_SY&feature=feedlik
This week Max Keiser and co-host, Stacy Herbert, observe the British shock that there is no society. In the second half of the show Max talks to former bank regulator, William K. Black about the absence of justice for banking crimes and whether or not the population plays a role in demanding this justice.
What WHISTLEBLOWER? The next thing you know, they will force the whistleblower to swallow the whistle or worse....2 bullet holes at the back of the head and proclaim it a case of suicide.
"...the whistleblower goes to jail and everyone else gets a raise."
Well, for the benefit of the younger folks here, not much has changed at the SEC. When Ray Dirks blew the whistle on Equity Funding (one of the bigger scams) the SEC tried to roosecute him for having told his clients before coming to them...of course he was not an employee of the SEC and he was being paid by those clients to do the work the SEC should have been doing.
If Mary Schapiro indeed willingly destroyed docs that exposed SAC as a criminal organization, she is going to prison.
Nobody's going anywhere. Forgetting for a moment that the SEC's boss will likely be shielded by the executive immunity (remember Vollmer's defence during the Maddoff investigation?), I am sure her lawyers, normally paid for by taxpayers as part of her "hold free and harmless" indemnity contract, will aptly demonstrate that she had no actual knowledge and could not have reasonably anticipated something so appalling. And the whisleblower will turn out to be a fired (or deserving to be fired) rank-and-file personally motivated by vengence, avarice or disappointed ambitions.
So you are saying that my maximum downside on this one is...that Mary Schapiro will be fired? Excellent!
I feel a disruption in the criminal syndicate Wall Street banker force.
Suddenly everything isnt so rosy is the Masters of the Universe land it seems....
Suddenly everything isnt so rosy in the Monsters of the Universe land it seems....
Fixed that for you.
Yep. They're literally above the law. And they don't even have to show up. All they have to do is direct deposit their paychecks and pension checks.
Add to that the fact that the SEC has been shredding for almost 20 years now, so it's next to impossible for someone to argue that she wasn't just doing what they always did.
As always, plausible deniability is a politico's best friend.
Darcy Flynn is the one who's life is at real risk here...
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Her ass is Grassley.
lol
do you think she bleeched it?
You know, that's a mental image I just didn't need.
She should have stuck to 24 hour porn viewing like the rest of the SEC staff
A little OT but maybe related -
I haven't seen a day where the 10yr T has gone down and remained down like today...it almost always recovers after the Equity sell off abates!?! Not today...just sitting there at 2.16%...very bad omen??? Bond market is saying evacuate and don't walk, RUN!!!
Schapiro indeed willingly destroyed docs that exposed SAC as a criminal organization...
Schapiro indeed willingly destroyed docs that exposed the SEC as a criminal organization...
FIXED IT
Whistleblower will be the first to find out where Jimmy Hoffa and Judge Crata are. Too bad they won't be able to share this info.
OOH, that's harsh. I understand Jimmy is holding up a concrete pier of a building in New Jersey; but there's new construction all the time.
Somebody needs to start going to prison and harsh examples must be made, not house arrest. These criminals do what they do and undermine the entire monetary system because they have no fear of the criminal justice system. There is no deterrent.
"If the battle for civilization comes down to the wimps versus the barbarians, the barbarians are going to win." --- Thomas Sowell
When the elite of a society develop a Morality of Plundering.. it will be thrust upon the people of that society... not only by permitting Plundering but as well the valorizing Plundering.. and it will be perpetuated at all costs.. for fear of losing power over society.
http://www.bloomberg.com/video/65536926/
University of Missouri Economist William Black Interview
Dec. 27 (Bloomberg) -- William Black, associate professor of economics and law at the University of Missouri-Kansas City, talks about the outlook for the U.S., European and Chinese economies. Black speaks with Carol Massar on Bloomberg Television's "Fast Forward." (Source: Bloomberg)
The Bible says the Meek will inherit the Earth; but that ain't no way to bet your own money.
The Meek Shall Inherit.
and if I had my way sooner than later.
The Meek can get a LOT done with the right kind of Security.
Cockroaches are meek, and radiation resistant. That's what I thought that line implied.
Right on! Of course we'll need to send Mary some company, she has so many friends close to the same situation that need attention Let's not forget them, remember, they're criminals too.
Do left-liberals just blank out whenever the SEC is brought up? It's pretty embarrassing. I mean if I lived my life claiming that you need government to tame the "unfrettered free market" and I saw these articles, I wouldn't be able to cope. It's like telling a kid that Santa doesn't exist: the government doesn't regulate anything. They create the privledges, not ensure an equal playing field.
...EXACTLY and why liberals are idiots. they do not understand human nature and believe government is a benevolent institution.
Corporates bought off government more than ever in the last 10-20 years. The much smaller S&L scandal saw over a thousand bankers jailed ASAP.
These days, the Federal Gubbermint is just another operating division of Banksters Inc., indoctrinated by hands-off Ayn Rand libertarianism and unwilling to act on behalf of the people.
Schapiro is only going down because you have one Senator who is actually doing his job instead of chasing his next Fortune 500 campaign donation.
Obviously the Republicans have a clear-eyed view.
"O" my Rocky.. I dont know what to say..
Love You.. Hang in there.. all we can do ist try to get them away from the two devils.. that really are the same devil.
Try this.. it may not take the first time.. it is an aquired taste.. to be sure.. so no hurt feelings if it misses you.
http://www.youtube.com/watch?v=tXFpJrlgd7A&feature=autoplay&list=PL0442BCED7088535E&index=94&playnext=3
Don't stock regulators full of free market libertarian types who fundamentally don't believe in regulation. That's pretty simple, right?
Who will replace her? Bozo the Clown?
Potted plant.
She will join Rove, North and others and become a contributor on Faux News.
Crime pays
No, she thinks she's more important than that level of hired help. She thinks she should be cruising the country clubhouse bar looking for young golfers with Wendy Gramm and Cindy McCain.
If she's not in jail.
The other line up:
Impeached/disbarred Bill Clinton; AGW fraudster and woman molester and green ejaculator, AL Gore; Whitewater crook and lesbian coat tail rider, Hillary Clinton; convicted client #9 Eliot Spitzer; Currency manipulator and marxist propagandist George Soros; Clinton's abused woman wrangler George Stephanopolous; Carter's 'malaise' speech writer and albino race baiter, Chris Matthews; tax cheat Tawana Brawley racist fraudster Al Sharpton; tax cheat Geithner; tax cheat Rangel; tax cheat crooked land deal Obama; plagiarist and countrywide sweet heart boy Joe Biden; gay prostitutes and boyfriends with franking priveleges Barney Frank; cancer wife cheater and wiccan love child maker John Edwards; Fijian offshore Trust tax cheater and manslaughtering coward Ted Kennedy; crooked hedge funder, NYT, former Car Czar, Steve Ratner; .......
Nary a conservative on the list? Did it just flit by me in a blur? Are you pouring the kool-aid today? A prime example of the Faux News "fair and balanced" approach to problem solving.
State Of Rhode Island Foreclosure Moratorium?
This is what you get when you're a judge who isn't very "judgey". This Order came down yesterday. Stop what your doing and eat your peas you swine.
OT: Unrest spreading to Germany?
http://www.bloomberg.com/news/2011-08-16/luxury-cars-burned-in-berlin-pr...
There must be a list of corporations out there, and if you're on the list, you will not get prosecuted. I can't think of any other way to put it. If we took the fraud out of the banking cartel's day-to-day operations, and put a stop to US Government protection, there would be no more banking cartel.
The system stinks and is one huge RICO case waiting to happen.
"I can't think of any other way to put it.---" I can't either. Plus 100.
dont forget Chris Coxsucker
But But But they paid their protection fees to the SEC?!?!?! What is the world coming to?
I find the notion that she had any knowledge of this unlikely.
Given the track record of the SEC in recent times, this looks a lot more like incompetence than criminality. I mean, do they strike you as having the initiative to come up with this?
On the other hand, they clearly Are That Dumb.
Incompetence is a wonderful excuse for those who are complicit throughout history.
This is like my standard line; but in this case I have what amounts to testimony from a guy in Brooklyn; and I'm not sayin another word about this. Let's just say; "in my opinion"; this was done as a reccomended legal procedure. If you get my drift.
The following is the text of Andrew Gavin Marshall's presentation at the book launch of The Global Economic Crisis: The Great Depression of the XXI Century", Michel Chossudovsky and Andrew Gavin Marshall (Editors). September 29, 2010, Montreal, Canada.
We now stand at the edge of the global financial abyss of a ‘Great Global Debt Depression,’ where nations, mired in extreme debt, are beginning to implement ‘fiscal austerity’ measures to reduce their deficits, which will ultimately result in systematic global social genocide, as the middle classes vanish and the social foundations upon which our nations rest are swept away. How did we get here? Who brought us here? Where is this road leading? These are questions I will briefly attempt to answer.
At the heart of the global political economy is the central banking system. Central banks are responsible for printing a nation’s currency and setting interest rates, thus determining the value of the currency. This should no doubt be the prerogative of a national government, however, central banks are of a particularly deceptive nature, in which while being imbued with governmental authority, they are in fact privately owned by the world’s major global banks, and are thus profit-seeking institutions. How do central banks make a profit? The answer is simple: how do all banks make a profit? Interest on debt. Loans are made, interest rates are set, and profits are made. It is a system of debt, imperial economics at its finest.
In the United States, President Woodrow Wilson signed the Federal Reserve Act in 1913, creating the Federal Reserve System, with the Board located in Washington, appointed by the President, but where true power rested in the 12 regional banks, most notably among them, the Federal Reserve Bank of New York. The regional Fed banks were private banks, owned in shares by the major banks in each region, which elected the board members to represent them, and who would then share power with the Federal Reserve Board in Washington.
In the early 1920s, the Council on Foreign Relations was formed in the United States as the premier foreign policy think tank, dominated by powerful banking interests. In 1930, the Bank for International Settlements (BIS) was created to manage German reparations payments, but it also had another role, which was much less known, but much more significant. It was to act as a “coordinator of the operations of central banks around the world.” Essentially, it is the central bank for the world’s central banks, whose operations are kept ‘strictly confidential.’ As historian Carroll Quigley wrote:
"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations."
Anyone notice that the whistleblower indicates this has been going on since @1993?
Great to hate on Schapiro and want SAC exposed, but this has been going on for a long time. Much bigger than one political appointee.
When big business complains they need "business-friendly" leadership they are simply asking for their corruption to be overlooked.
Absolutely; it would be inconvenient to find documents to the effect that they knew certain things at certain times; so they t ake preventative action; so that can't happen.
The thing that comes to mind is she may go to jail, but those she was destroying documents for will get off scott-free.
It seems the worse of these crooks always get off, especially when there are Madoffs and Schapiro's to throw to the wolves.
Its good, but will the deepest layers of this criminal cartel be exposed and also do time for what they have done?
Unless she sings like a bird! Dont need documents when youre turned over to the FED's. Anyway, have fun in the big house Mary. Maybe you can manipulate the cigarette trade in there.
Ron Brown threatened to sing. All it got him was an airplane ride and a hole in his head.
Well, the CFO of Freddie Mac shot himself in the head too....shit happens. Weird shit.
Nope...he hung himself in the basement of his mansion, boiler.
Dude, there's a reason why Madorf surrendered and copped a plea; it was a specific case that involved other people; who could not be compromised, so he had to take the bullet. Only enough is done to put the story to sleep on the editorial page; then it;s over.
Did Grasslet address his letter:
Ms. Mary Schapiro
% Goldman Sachs
Wall Street
NYC, NY
After all, the SEC is nothing more then a Branch Office.
A simple lesson to all:
PAPER CAN ALWAYS BE SHREDDED; INCLUDING THE ONES IN YOUR WALLET!
Being held accountable is so unamerican these days, we can only hope....
Prison is for Peasants.
So don't be a silly rabbit.
You know May has CONnectios.
There is so much corruption in our current economic system that I'm surprised it hasn't collapsed yet. This is yet another reason we need a cleansing. The shit that was uncovered during the 07/08 crisis is just the tip of the iceburg. And even with that crisis, the financial institutions that were proved to have taken part in the fraud were bailed out. The people who have bled the system for its wealth will eventually pay for their misdeeds, one way or another. If the regulators refuse to do their jobs, then people will simply find out the truth in the aftermath of an apocalyptic crash. Either way, those who have done the looting will eventually have to pay their toll.
But this story about the SEC not doing its job only supports what I've been saying all along. The current regulatory system is adequate IF IT IS PROPERLY ENFORCED. Hell, even less regulation would be adequate if it were enforced. The problem isn't with the regulations, it's with the enforcement of said regulations. And corruption of the US government at every level is the culprit. Corruption is the reason we see a lack of enforcement.