Friday, March 18, 2011

11-03-18 New efforts by the US to restore banking regulation are doomed // Los nuevos esfuerzos por los EE.UU. para restaurar la regulación bancaria están condenados // 美国新的努力,恢复银行监管,是注定



Ex-Goldman Banker Behind WSJ 'Smear Campaign' Against Elizabeth Warren

WASHINGTON -- A Wall Street Journal editorial writer who has been closely involved with the paper's recent attacks on Elizabeth Warren is a former Goldman Sachs banker. The same editorial writer, Mary Kissel, is readying another piece critical of Warren and the new consumer agency, according to a source familiar with the coming article.

...
The headline of Thursday's Journal editorial is "President Warren's Empire," which goes on to say, "The consumer bureau is essentially a bureaucratic rogue. We'd like to see Congress kill the agency entirely. But at the very least Congress should remove it from the Fed, make it part of the Treasury and subject it to annual appropriations."
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Read the full story:
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Comment 
by Joseph Zernik:
The true concern should be whether the new agency has a chance at all to act any different than the existing 5 agencies that are supposed to engage in Banking Regulation in the US.
The true problem is two-fold:
  • Widespread criminality in US banking operations, most notably at Bank of America. [1-4]
  • Inability to prosecute banks and bankers today due to US court corruption. [5-7]
Therefore, no matter what the name or authority of the new agency would be, it is unlikely to be able to enforce the law.

LINKS:

[1] 10-05-05 Countrywide Bank of America NYSE BAC and its President Brian Moynihan Compilation of Records Evidence of Racketeering
http://www.scribd.com/doc/30975368/
[2] 10-05-05 Chairs of US Congress Committees of the Judiciary and Banking Are Requested to Join Senator Feinstein's Inquiries on Comptroller of the Currency
http://www.scribd.com/doc/30979882/
[3] 10-07-06 Complaint Filed with US Attorney Office Los Angeles Against Moynihan Bank of America [NYSE:BAC] Bryan Cave LLP Alleging Racketeering
http://www.scribd.com/doc/33971099/
[4] 10-07-06 Complaint Filed with US Attorney Office, Los Angeles, Against Brian Moynihan, Bank of America (NYSE:BAC), Bryan Cave LLP, Alleging Racketeering and Large Scale Financial Institution Fraud s
http://www.scribd.com/doc/33971099/
[5]  Zernik, Joseph: Securities and Exchange Commission v Bank of America Corporation - Pretense Litigation and Pretense Banking Regulation in the United States (filed in support of Request No 1 for impeachment of US Judge JED RAKOFF and Clerk RUBY KRAJICK, US District Court, Southern District of New York)
http://www.scribd.com/doc/44663232/
[6]  10-12-19 RE: Securities and Exchange Commission v Bank of America Corporation (1:09-cv-06829) - Addendum to Request No 1 for Investigation-impeachment of Judge Rakoff and Clerk Krajick
http://www.scribd.com/doc/45644678/
[7] 11-02-05 Request No 2 for Impeachment of Judge JED RAKOFF Clerk RUBY KRAJICK, US District Court, Southern District of New York, in Re Conduct of Lindner v Amex (1:10-cv-02228) s
http://www.scribd.com/doc/48244479/


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