Sunday, December 25, 2011

11-12-20 Why is Wall Street not jailed? Geithner and Obama shield them! // ¿Por qué no es Wall Street encarcelados? Geithner y Obama protegerlos! // 华尔街为什么不被判入狱?盖特纳和奥巴马保护他们!


Obama and Geithner: Government, Enron-Style


What makes Obama's statements so dangerous is that they suggest an ongoing strategy of covering up the Wall Street crimewave. There is ample evidence out there that the Obama administration has eased up on prosecutions of Wall Street as part of a conscious strategy to prevent a collapse of confidence in our financial system, with the expected 50-state foreclosure settlement being the landmark effort in the cover-up, intended mainly to bury a generation of fraud. Here's how Jeff puts it:

In Ron Suskind's book, Confidence Men, he quotes Treasury Secretary Timothy Geithner as saying, "The confidence in the system is so fragile still... a disclosure of a fraud... could result in a run, just like Lehman." The Obama Administration is pushing hard for a 50-state settlement with the major banks for their fraudulent foreclosure practices, even though several state attorneys general have rejected this approach because, in their view, it would shield too much wrongdoing. Regrettably, Obama's top officials and lawyers seem more eager to restore the financial sector to health than establish criminal accountability among the executives who were in charge.
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11-12-25 Florida: Corruption of the Courts and the Legal Profession // Florida: La corrupción de los Tribunales y la Profesión Legal // 佛罗里达州:法院和法律界人士的腐败

Business as usual - corruption of the courts and the legal profession...

Erin Collins Cullaro

Florida Bar Appoints Robo-Signer to Position of Power
She worked at Florida Default Law Group, a fraudclosure mill. She then got a job at the Florida Attorney General's office. She moonlighted as a document executor (notary) at the mill. She was involved in investigating Florida Default Law Group, her previous and current employer during her tenor as an Assistant Attorney General. After this corruption was exposed in Florida media, it took a FULL YEAR for her to be fired from the FL AG's office. She unsuccessfully threw her hat in the ring to be chosen as a candidate for a Florida judgeship. Then, she took a job at another fraudclosure mill, Shapiro Fishman Gache.
Now, the Florida Bar has appointed her to 'oversee' attorney disciplinary actions.


Foreclosure Fraud and The Florida Bar

Erin Collins Cullaro Caught Lying To The Court... Again?

11-12-25 Homeless in New York // Personas sin hogar en Nueva York // 纽约无家可归

Queens, New York City

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11-12-25 Bankers Seize Europe // Aproveche los banqueros de Europa // 银行家们抓住欧洲

This article is interesting, particularly because of the credentials of its author -
Paul Craig Roberts was an editor of the Wall Street Journal and an Assistant Secretary of the U.S. Treasury. 

NOVEMBER 28, 2011
Bankers Seize Europe 

Just Another Goldman Sachs Take Over

On November 25, two days after a failed German government bond auction in which Germany was unable to sell 35 per cent of its offerings of 10-year bonds, the German finance minister, Wolfgang Schaeuble said that Germany might retreat from its demands that the private banks that hold the troubled sovereign debt from Greece, Italy, and Spain must accept part of the cost of their bailout by writing off some of the debt. The private banks want to avoid any losses, either by forcing the Greek, Italian, and Spanish governments to make good on the bonds by imposing extreme austerity on their citizens, or by having the European Central Bank print euros with which to buy the sovereign debt from the private banks. Printing money to make good on debt is contrary to the ECB’s charter and especially frightens Germans, because of the Weimar experience with hyperinflation.

Obviously, the German government got the message from the orchestrated failed bond auction. As I wrote at the time, there is no reason for Germany, with its relatively low debt to GDP ratio compared to the troubled countries, not to be able to sell its bonds.  If Germany’s creditworthiness is in doubt, how can Germany be expected to bail out other countries?  Evidence that Germany’s failed bond auction was orchestrated is provided by troubled Italy’s successful bond auction two days later.

Strange, isn’t it. Italy, the largest EU country that requires a bailout of its debt, can still sell its bonds, but Germany, which requires no bailout and which is expected to bear a disproportionate cost of Italy’s, Greece’s and Spain’s bailout, could not sell its bonds.

In my opinion, the failed German bond auction was orchestrated by the US Treasury, by the European Central Bank and EU authorities, and by the private banks that own the troubled sovereign debt.

My opinion is based on the following facts. Goldman Sachs and US banks have guaranteed perhaps one trillion dollars or more of European sovereign debt by selling swaps or insurance against which they have not reserved. The fees the US banks received for guaranteeing the values of European sovereign debt instruments simply went into profits and executive bonuses. This, of course, is what ruined the American insurance giant, AIG, leading to the TARP bailout at US taxpayers’ expense and Goldman Sachs’ enormous profits.


11-12-23 #Occupy Saudi Arabia //# Ocupar Arabia Saudita // #据沙特阿拉伯

Saudis begin nationwide mosque sit-in

Saudi troops stand outside al-Rajhi mosque in the capital to deter a planned day of protests, March 11, 2011.
Saudi police have surrounded several mosques across the country, including in the capital Riyadh, as activists begin a nationwide mosque sit-in.

Activists say the sit-ins were staged to demand the immediate release of thousands of political prisoners held by the regime without trial or legitimate charges. 

Footage released by activists show heavy police presence in the capital and the city of Jeddah. 


11-12-22 Venezuela helps US poor with heating fuel // Venezuela ayuda a EE.UU. pobres con combustible para calefacción // 委内瑞拉与取暖燃料的帮助美国穷人

Venezuela helps US poor's with energy
Venezuela has launched its energy assistance program for the seventh consecutive year, which helps poor Americans to pay for their home heating oil during the winter,Press TV reports.