Home › Forums › Financial Markets/Economics › The Real Story Of How ‘Untouchable’ Wall Street Execs Avoided Prosecution
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January 23, 2013 at 9:10 AM #20483January 23, 2013 at 9:27 AM #758297The-ShovelerParticipant
What part of
“This is the way TPTB planned it”
Don’t you understand ?January 23, 2013 at 10:30 AM #758305SD RealtorParticipantIt was Bushes fault. Can’t you see, this administration is different.
January 23, 2013 at 10:44 AM #758306no_such_realityParticipantActually, IMHO, if someone really simplified conveying the complexity of the CDO fiasco, bailout and beneficiaries so that the average, barely able to balance their checkbook American could understand, we’d have riots in the street.
The only problem is when you start drawing the lines the audacity of the fleecing, sheer ineptitude of all the checkpoints and brazen cronyism leaves any one explaining it looking two belt loops short of being as crazy as a tin foil hat Area-51 conspiracy whackjob.
January 24, 2013 at 1:23 AM #758403CA renterParticipant[quote=no_such_reality]Actually, IMHO, if someone really simplified conveying the complexity of the CDO fiasco, bailout and beneficiaries so that the average, barely able to balance their checkbook American could understand, we’d have riots in the street.
The only problem is when you start drawing the lines the audacity of the fleecing, sheer ineptitude of all the checkpoints and brazen cronyism leaves any one explaining it looking two belt loops short of being as crazy as a tin foil hat Area-51 conspiracy whackjob.[/quote]
People did get it, and many tried to stir the masses to action. As the article notes, both the Tea Party and the Occupy movement began as the same thing: opposition to the bailouts and favors going to the elite at the expense of the masses.
Unfortunately, the counterintelligence community (yes, tin-foil-hat, but true) quickly mobilized and co-opted the Tea Party. They were aided and abetted by Obama who threw the Obamacare chum over the rails at a time when Tea Party anger was clearly directed at the bankers…thereby diverting attention from the original goals of the TP and turning it into an “anti-Obamacare” right-wing movement (it did not start out as anything close to being right-wing). Note that the insurance industry is what benefited most from Obamacare; the FIRE sector winning, once again.
The Occupy movement, started by many of the same people initially involved with the Tea Party, was co-opted, once again, but this time they used “left-wing” diversions. It went from being “Occupy Wall Street” with very clear goals about what they wanted to accomplish (contrary to other, later claims), and turned into some hippie anti-war, pro-immigration, anti-debt/favoring govt bailouts of deadbeats, pro-homesquatter nonsense that very few of the original members could get behind.
With both the Tea Party and the OWS movement, the FBI, DHS, CIA, and other intelligence agencies were on high alert. In the case of the Tea Party, they were preparing emergency procedures to deal with “domestic terrorism.” In both cases, people were brought in from the outside who were paid to disrupt the movements.
http://www.economist.com/blogs/democracyinamerica/2012/08/domestic-terrorism
http://www.cnn.com/2012/12/26/us/fbi-occupy/index.html
And possibly planned to assassinate leaders of the Occupy movement:
————It is clear that our law enforcement agencies are NOT here to protect average American citizens. They work for the same bosses that most of our politicians do: the elite who seek to preserve and grow their control of the world’s resources and, as a result, their control over the people.
This is why police officers (and military personnel) are oddly left out of any anti-pension/anti-govt-worker bashing.
January 29, 2013 at 1:54 AM #758656CA renterParticipantMore “entitlement culture”:
“Top executives at three major companies that received taxpayer-financed bailouts received excessively generous pay packages last year, in an apparent violation of Treasury guidelines aimed at restricting their compensation, a government watchdog asserted in a report Monday.
…Kenneth Feinberg, who preceded Geoghegan at the post, noted the pay czar was “under the constraint that his most important goal was to get the companies to repay and exit TARP” — and often those companies argued limiting executive pay would lead to desertion, delaying the turn-around process. Throughout its tenure, Geoghegan said in her letter, “OSM has sought the appropriate balance between these sometimes competing considerations in making all our determinations.”’
http://www.huffingtonpost.com/2013/01/28/tarp-pay-czar-executive-pay_n_2569328.html?icid=maing-grid7|main5|dl1|sec3_lnk2%26pLid%3D262855
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You know what’s sad? Look at the number of comments responding to the many excellent threads posted by sjk…maybe 3-5, sometimes zero. Yet, when the subject matter is about cops, firefighters, teachers, senior citizens with their pitiful pensions or SS/Medicare benefits, etc. — people who had absolutely nothing to do with the economic crisis, and those who perform services for the community that are far more valuable than what these Wall Street parasites do — we get hundreds of ignorant, nonsensical posts trying to lay the blame on working people instead of where it belongs: at the top.
Time to wake up to what’s really been going on, and start paying attention to who is behind the anti-worker message we’ve been bombarded with over the past few years and understand why they are doing it. It’s a diversion tactic meant to divide and conquer. If we allow the elites who control our government to continue down the path we’re on, there will come a point when it will be too late for a peaceful resolution to our nation’s problems.
January 29, 2013 at 6:51 AM #758657livinincaliParticipant[quote=CA renter]
You know what’s sad? Look at the number of comments responding to the many excellent threads posted by sjk…maybe 3-5, sometimes zero. Yet, when the subject matter is about cops, firefighters, teachers, senior citizens with their pitiful pensions or SS/Medicare benefits, etc. — people who had absolutely nothing to do with the economic crisis, and those who perform services for the community that are far more valuable than what these Wall Street parasites do — we get hundreds of ignorant, nonsensical posts trying to lay the blame on working people instead of where it belongs: at the top.Time to wake up to what’s really been going on, and start paying attention to who is behind the anti-worker message we’ve been bombarded with over the past few years and understand why they are doing it. It’s a diversion tactic meant to divide and conquer. If we allow the elites who control our government to continue down the path we’re on, there will come a point when it will be too late for a peaceful resolution to our nation’s problems.[/quote]
The reality is nobody disagrees with this article. Nobody is saying we shouldn’t prosecute the bankers so there’s really nothing to debate and therefore it gets low interest. The issues where there are actually multiple view points are going to get comments and debate.
I suppose I could post yeah, I agree. Obama administration is exactly the same as Bush’s see how republicans aren’t different from democrats. Wee political thread jack, this should get interesting.
January 29, 2013 at 8:51 AM #758661allParticipant[quote=CA renter]
You know what’s sad? Look at the number of comments responding to the many excellent threads posted by sjk…maybe 3-5, sometimes zero….[/quote]tl;dr?
Also, often from zerohedge. That place is in ‘the world ends in 15 minutes’ mode since at least 2007.
January 29, 2013 at 9:12 AM #758662SK in CVParticipant[quote=craptcha]
Also, often from zerohedge. That place is in ‘the world ends in 15 minutes’ mode since at least 2007.[/quote]Apologize for the thread jack….but yeah, they can find the turd in every silver lining.
Article this morning at theskyisfalling.com (zerohedge)
Case-Shiller Home Price Index Posts Second Consecutive Monthly Decline, Average Home Prices Back To Fall 2003 Levels
and referencing the exact same report 1 minute earlier at Calculated Risk:
Case-Shiller: House Prices increased 5.5% year-over-year in November
http://www.calculatedriskblog.com/2013/01/case-shiller-house-prices-increased-55.html
January 29, 2013 at 9:21 PM #758687paramountParticipant[quote=craptcha]
Also, often from zerohedge. That place is in ‘the world ends in 15 minutes’ mode since at least 2007.[/quote]I don’t think zerohedge is that bad…
Let’s revisit this statement in 5 years, besides I suspect many piggs are FIRE industries cronies anyway.
January 29, 2013 at 9:32 PM #758688paramountParticipantI have a feeling the markets are in for a steep correction sometime soon, at which time Obamamania should fade away.
January 31, 2013 at 10:21 AM #758722SD RealtorParticipantDisagree entirely. Markets will stay strong with minor corrections here and there. Nothing changes until the reality of our national insolvency comes to pass. It will start with the bond markets and go from there.
January 31, 2013 at 1:31 PM #758731no_such_realityParticipantBut we’re not insolvent. We’re just irrational.
We’re having our cake and eating it too.
In essence, we’re blithely consuming away while we’re running our credit card on the introductory rate.
When that rate ends, we’ll have to make a choice of cutting 35% of everything, or increasing collected taxes by 50% or a combination thereof.
Meanwhile, we’re putting 5 Apollo Moon Programs on the credit card a year with I’m not sure what to show for it.
January 31, 2013 at 1:44 PM #758732The-ShovelerParticipantThe Game can go on for a long time.
well at least until resources dry up.
Hint, the U.S.A. will be close to last on the list of insolvent countries that go BK if they start to call in the loans. there are a lot more countries a lot more insolvent than the usa (it is in no one’s interest to end the game).
Actually inflation and technology will most likely make this a non-event type of thing.
January 31, 2013 at 2:03 PM #758733SD RealtorParticipantThat is the point, the game can go on a long time. How long? Who knows. However I do not see it tipping over soon.
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