60 Minutes tonight sealed it for me. The banking industry is a criminal enterprise.

If we had a justice department that ACTUALLY PROSECUTED people other than pot smokers, we may actually have a chance.
But we don't, so we are surely fucked.

Bank Of America, Wells Fargo, US Bank, Citi, HSBC and others farmed out their property ownership departments to criminals who forged millions of ownership documents.
Apparently, if you could sign the name Linda Green 300 times an hour, you had a job and you got 10.00 bucks a hour for those signatures.

And to think that the Republicans say there is "too much regulation" and that Elizabeth Warren can go pound sand.

If only we had someone to stick up for us.
I really thought that maybe, just maybe...

Well, never mind.

Another reason to be afraid. :scared:

The end of America has happened and we're just now figuring it out.

the more I think Obama was intentionally setup to fail. It seems like the GOP and the teabaggers won.

...not the war. Americans haven't even begun to fight yet.

He chose not to.

If so, why didn't he? Why would he leave a bunch of undereducated nutjobs at DOJ?

Except for Obama. They purge the previous DOJ starting with the Attorney General.

Obama chose not to replace the United States Attorney as was his right and as in the past had every other president (see the Judiciary Act of 1789)

The only explanation that I can see for keeping on "the Bushie" USAs was that he was scared he'd be criticized after the stink made when Dubya fired some of his USA's in the middle of their term.
A United States Attorney is appointed for a term of 4 years, subject to Congress' approval of course. The only firings previously made were because of criminal, ethical or other violations (there was one USA & who was a big fan of strip clubs -- that got a lot of press and cluck-clucking).


However, as far as each president's DOJ, of course there are some posts which are appointed for that presidents term but I'm sure there is not a mass firing & rehiring of every DOJ employee every 4 or 8 years -- I'm a bit pressed for time today to read up on that, does anyone know?


But yeah, at least for the United States Attorneys, President Obama would have been entirely within his rights to appoint his own choices -- and he chose to leave Regent Universities (University's?) lawyers on board, in his administration.

That's been one of the things that started me disliking Obama's presidency right at the beginning. With the exception of his own personal advisors, he made no serious effort to clear Bush appointees from the government. Neither Republicans nor Democrats used to make THAT mistake.

Today, the boss of the justice dept is Obama.

The process was moving along quite nicely until consigliere Paulson intervened.

but Obama made it policy not to prosecute any one for anything.

That is textbook socialism (public ownership of the means of production).

And those assholes call Obama a socialist.

"Socialism (pronounced /ˈsoʊ̯ʃəɫɪzm̩/) is an economic system in which the means of production are publicly or commonly owned and controlled cooperatively, or a political philosophy advocating such a system." (Wiki)

You know if Bushy-Boy had bought 100% of the banks you would have approved.

Let them fail, please.

It's from author George R. R. Martins book A Game of Thrones.
I thought it appropriate for what's ahead of us.

All four, or is there a fifth?

Winter is coming, agreed.

And a Lannister always pays their debts. (bankers = Lannisters)

:thumbsup:

Louis McFadden on the Federal Reserve
Speech by Rep. Louis T. McFadden denouncing the Federal Reserve System
-- by: Louis McFadden, 1932-06-10, source: Congressional Record, June 1932, pg 12595-12603

Mr. Chairman, we have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks. The Federal Reserve Board, a Government board, has cheated the Government of the United States and the people of the United States out of enough money to pay the national debt. The depredations and iniquities of the Federal Reserve Board has cost this country enough money to pay the national debt several times over. This evil institution has impoverished and ruined the people of the United States, has bankrupted itself, and has practically bankrupted our Government. It has done this through the defects of the law under which it operates, through the maladministration of that law by the Federal Reserve Board, and through the corrupt practices of the moneyed vultures who control it.

Some people think the Federal Reserve banks are United States Government institutions. They are not Government institutions. They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders. In that dark crew of financial pirates there are those who would cut a man's throat to get a dollar out of his pocket; there are those who send money into States to buy votes to control our legislation; and there are those who maintain international propaganda for the purpose of deceiving us and of wheedling us into the granting of new concessions which will permit them to cover up their past misdeeds and set again in motion their gigantic train of crime.



And if that wasn't enough to convince you:
http://modernhistoryproject.org/mhp?Article=McFadden1932&E=FedResBoard

Thanks for the thread, givemebackmycountry.

via Naked Capitalism:


Galbraith on How Fraud and Bad Economic Thinking Got Us in This Mess


I strongly urge you to read the entire piece; non-economists may want to skim the first third and focus on the crisis material and what follows. This is the key paragraph:

"This is the diagnosis of an irreversible disease. The corruption and collapse of the rule of law, in the financial sphere, is basically irreparable. It’s not just that restoring trust takes a long time. It’s that under the new technological order in this field, it can not be done. The technologies are designed to sow and foster distrust and that is the consequence of using them. The recent experience proves this, it seems to me. And therefore there can be no return to the way things were before. In other words, we are at the end of the illusion of a market place in the financial sphere."

:patriot:

your link gives a 404...where else might we get this info?

http://www.nakedcapitalism.com/2011/08/james-galbraith-on-fraud-and-how-bad-economic-thinking-got-us-in-this-mess.html

:hi:

James Galbraith on How Fraud and Bad Economic Thinking Got Us in This Mess


http://www.nakedcapitalism.com/2011/08/james-galbraith-on-fraud-and-how-bad-economic-thinking-got-us-in-this-mess.html

http://www.nakedcapitalism.com/2011/08/james-galbraith-on-fraud-and-how-bad-economic-thinking-got-us-in-this-mess.html

or this


http://www.ruc.dk/fileadmin/assets/isg/02_samarbejde/Kienet/Galbraith_James_-_Keynote_speech.pdf

the cable television industry. Criminals one and all.

I agree with you completely, but until people are willing to make PERSONAL sacrifices and stop doing business with banks and big investment firms, nothing's going to change.

If you found out that the church you attend every Sunday was using your donation money to pay for evil deeds, would you keep giving them money? It's insanity.

Barack Obama can't do a goddamned thing to change this country, and neither can any other politician. They're part of That World...and we're not. We're never GOING to be. Change has nothing to do with Obama, and EVERYTHING to do with you and me and all of the other unimportant people in this nation who are neglected at best, and often abused.

Close your bank accounts--all of them. Transfer the funds to small credit unions. Stop applying for credit cards. Stop USING credit cards. Drop out of the system as much as you can. Some people will be stuck there for a while, under the yoke of mortgages and loan repayments, and that's fine...but let the debt that you have right now be the END of your business with the predator class. If you want or need to take on new debt, do it through a credit union. Every time you do business with a big bank, you're basically paying for your own financial execution.

I only spend money in my local economy now. Love my credit union!!

Anyone in authority that does not prosecute the hell out of this is aiding and abetting.

and war crimes purposely.

POTUS Obama got too be POTUS but ignored the basic rot and has been passive rather than taking a strong stand on core Democrtaic Party policy post WWII.

I do not hate the man and want him to do better but geez.....

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=385x607337

.

That doesn't even have the same return as a casino

left the last two words out: ". . . with liberty, injustice for all (working people)."

REC.

Since they felt it necessary to add 'under God' to the pledge, I think it's appropriate that in this pledge, it's clear exactly who their God is.

There is SO MUCH, out there exposing the industry it's insane that US citizens haven't stormed every Wall Street firm and branch out there.

Where is the DOJ? Why haven't these criminals been thrown in jail?

and turned banking into something as boring as the post office during the first crash.

we no longer are a country of laws.

I wonder how many here can plainly see that the DOJ is out to lunch here...
No accountability again for one of the Biggest Banks in America...

Congress, and the courts.

You do realise that it was Gov backed Fanny and Freddy that made most of the housing fiasco possible by buying up and guaranteeing billions in loans without any due diligence nor even any requirement for standardisation of the process. Then Bush and Co convinces the Congress and the American people that the world will come to an end if we don't bail out the bankers. Absolutely disgusting! What we need first is not more oversight but for the government to stop actively encouraging stupidity. If the bankers actually had to eat their own loses you can bet they'd be a lot more careful with their paperwork. I don't agree with the president on everything but I at least thought he'd be a lot smarter than Bush and put a stop to some of this nonsense.

That's why usury has been banned so much through human history. We are lucky enough to live at a time and in a place where it is worshiped like a god.

:sarcasm:

Like in politics the corporate world is filled with psychopaths:

http://www.youtube.com/watch?v=_MZCHjGkTPg&feature=related

And anyone who has seen this documentary knows that this is a non-partisan issue:

http://www.youtube.com/watch?v=FzrBurlJUNk

This horrible monster that is attacking America is basically a crazy religious cult underpinned by criminality on a massive scale. They. Are. Killing. Us.

About paying those outrageous bonuses for retaining the 'talent' . It is hush money for keeping mouths shut about legalized Rico enterprises.

the outrageous bonuses being hush money. That makes a lot of sense.