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."
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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!
www.greenleft.org.au/node/48522 - CachedUnited States: Obama's war on whistleblowers suffers setback ...
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 ...
?
President Obama's War on Whistleblowers | Change.org News
news.change.org/stories/president-obamas-war-on-whistleblowers - Cached
Oct 28, 2010 – Thomas Drake is a whistleblower, a former senior official with ... So why then is the Obama administration threatening to put him in jail for the rest ... Obama has prosecuted more whistleblowers for leaking information ...
Inside Obama's “Orwellian World” Where Whistleblowing Has Become ...
theoldspeakjournal.wordpress.com/.../inside-obama’s-orwellian-wor... - Cached
May 23, 2011 – Why has the Obama Administration prosecuted more whistleblowers (who've dutifully .... But more than that, it's the clanging of jail doors, ...
War on whistle-blowers intensifies - Glenn Greenwald - Salon.com
www.salon.com/news/opinion/glenn_greenwald/.../whistleblowers - CachedSimilar
May 25, 2010 – Yet another prosecution from the Obama DOJ for an act the president ... "If Thomas Drake is convicted and sentenced to jail, this will be ... Most of what our Government does of any real significance happens in the dark. ...
Judge Slams Feds For Its Attempt To Punish Another Whistleblower ...
www.techdirt.com/.../judge-slams-feds-its-attempt-to-punish-another... - Cached
Aug 5, 2011 – Part of President Obama's campaign promise was more transparency and more encouragement of whistleblowing. And yet, as we've noted, ...
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.