Sen. Kaufman’s speech. More excerpts
Mr. President, it is high time that we return the rule of law to Wall Street, which has been seriously eroded by the deregulatory mindset that captured our regulatory agencies over the past 30 years, a process I described at length in my speech on the floor last Thursday. We [...]
Posts Tagged ‘corruption’
Return the Rule of Law to Wall Street says Sen. Kaufman
Size doesn’t matter: Missing the point of ISAF’s failure in Marja
The problem is not the population of Marja, or it’s strategic significance. As long as we continue using military force and propping up a corrupt, illegitimate government, we will continue to fail.
Corrupt Politics and imprudent bailouts are two peas in same pod
Mish
In a study that confirms what anyone with common sense already knew, Banks with political ties got bailouts.
DC police arrest fellow officer on murder charges related to drug robbery
The officer allegedly helped plot a drug robbery then drove his squad car through the area with lights flashing to scare off rival gang members. But the ripoff went went bad and in the ensuing gun battle one of the robbers accidentally shot and killed his father. That makes it murder for anyone participating in [...]
Maybe we could shoot the banksters into the air instead of anvils?
Paulson and Goldman met in secret in Moscow
This is rocketing around the web and it’s awesome and horrible at the same time and, of course, nothing will be done about it.
It goes without saying that when the Treasury Secretary meets privately with the board of a company like Goldman there are all sorts of improprieties [...]
Tired of the slime and corruption? Let’s have a Showdown in Chicago
Join us on October 25-27 for a series of demonstrations when thousands of Americans – retirees, farmers, workers, homeowners, renters, students, clergy, and small business owners – come together on the streets of Chicago to demand a banking system that puts the American people first and a Congress that makes it happen!
PIMCO dumps $80 billion [...]
Wall Street corruption and crime round-up
Something quite extraordinary is happening. The mainstream, regular business people and moderates, are speaking out. They are furious about the corruption on Wall Street and death grip the banks have on DC. The banks won’t win this time.
Quiet Coup. A former chief economist of the International Monetary Fund says the finance industry has effectively captured [...]
Total campaign contributions / lobbying by TARP recipients AKA open corruption
The Big Picture has the data and a downloadable spreadsheet. This just shows the first 7, there are 175 listed online.
We need public financing of elections and a complete end to campaign “contributions” like these as well as new and severe limitations on what lobbyists can do.
Unless of course you think TARP recipients didn’t spend [...]
Even the pond scum got up and moved away
From NJ corruption bust news
One rabbi, Levy Izhak Rosenbaum, was also charged with conspiring to broker the sale of a human kidney for transplant.
Marra said that Rosenbaum’s “business was to entice vulnerable people to give up a kidney for 10,000 dollars which he would turn around and sell for 160,000 dollars.”
The kidneys came from [...]
Drug corruption is on both sides of the border
President Calderon of Mexico.
“There is trafficking in Mexico because there is corruption in Mexico”
“But by the same argument if there is trafficking in the United States it is because there is some corruption in the United States… It is impossible to pass tonnes of cocaine to the United States without the complicity of some American [...]
Another Stanford employee told SEC it was a Ponzi scheme…in 2003
By our count, at least five former Stanford employees told the SEC they thought Stanford was running a Ponzi scheme, from 2003 on.
Yet the SEC resolutely did nothing, just like with Madoff.
Look folks, if this happened in some little banana republic we’d have no problem saying it was obvious and blatant corruption. Does anyone think [...]
You think Illinois is corrupt? Try Connecticut
So says DemfromCT in DailyKos, and I must concur. I grew up in Connecticut and Sue and I moved back there for 14 months starting Feb. 2007. (We live in the SF Bay area now.)
Um, I was appalled at the obvious level of corruption in Connecticut. It wasn’t even subtle. In California, politicians might be [...]
Is open corruption the rule or the exception?
Given the amount of corporate and financial sleaze being uncovered lately, it is clear that bribery and corruption must be a major part of it. Yet many still want to believe this is just a few bad apples or that the real problem was incompetence. Not likely. There’s way too much money involved for that.
Corruption [...]
How corrupt is Russia?
This corrupt.. Government-connected raiders use police to arrest business owners on bogus charges then force the owner to sign over their business to them else in return for being released. This happens “thousands” of times a year in Moscow, according to the Moscow Times.
Robert Amsterdam, lawyer for jailed oligarch Mikhail Khodorkovsky, posted this video showing [...]
Defense contracting. Hide the money
The Spy Who Billed Me questions why DoD is claiming national security in withholding data about their outsourced contracts.
Well, lookie here.
22% of the $537 million of unclassified DIA contracts were subject to “full and open competition.” 30.6% of their unclassified contracts had only one bidder.
The situation at the NGA is similar, although their $6 [...]
