California Democrats clueless about their corruption scandals


Apparently California Democrats view their escalating corruption problems as just some danged PR problem they can spin or ignore. Good luck with that. Three Democratic state senators are in serious legal problems. Yet the Senate merely voted to suspend them with pay. Yeah, that’s really sending a message to the California populace that the Senate genuinely cares about cleaning up the cesspool they live in.

One state senator was charged with conspiring to traffic in arms from the Philippines, and taking bribes from undercover F.B.I. agents including one who posed as a marijuana dealer. Another was accused of taking bribes from federal agents impersonating Hollywood film executives. And a third was convicted of perjury and voter fraud after lying about where he lived when he ran for office.

California Democrats in denial about burgeoning corruption scandals


Semi-retired CA Democratic kingmaker Willie Brown says suspension (with pay!) of three corrupt members by State Senate will stop all that icky bad PR and embarrassment. He’s in denial, if not outright delusional.

All three will continue to draw paychecks. All a suspension does is get them out of the Capitol.

Plus, expelling the three would risk the prospect of potentially embarrassing hearings.

It may get them out of the Capitol. However it does not get them out of the headlines, especially since one of the three has already been convicted and the other two face serious corruption charges. Arranging to sell weapons from Muslim separatists to US organized crime, as Leland Yee is charged with, is not run of the mill corruption. Californians are outraged by this and by the tepid suspension with pay from the Democrat-controlled Senate against three Democrat senators.

Also the coming federal court trials will be way beyond embarrassing for Democrats. Republicans of course will launch blistering attacks against Democrats.

CA Democratic legislators quiet about fraud, corruption among their own


Two high profile corruption and fraud cases involving California Democratic legislators would, you might think, make fellow Democrats do the right thing and force them to resign. Ha!

Rod Wright of Inglewood was convicted last month of voter fraud. Ron Calderon of Montebello just got wallpapered with multiple federal corruption and money laundering charges. His brother, a former member of the Assembly, was also charged.

The charges stem from a scheme in which Ronald Calderon allegedly solicited and accepted nearly $100,000 in cash bribes, as well as gourmet meals and golf outings, in exchange for his influence as a lawmaker. His actions, prosecutors say, helped facilitate a half-billion-dollar healthcare fraud — one of the largest such scams in the state’s history.

Democratic Senate President Darryl Steinberg says Wright can take an indefinite paid leave of absence but can come back if he is needed. As for Calderon, Steinberg called for him to resign then backed off and gave him time to think about it.

Calderon and his brothers are known for operating a Los Angeles-area political machine similar to what one would find in Chicago or Philly – and for championing bills from various special-interest groups. As that Bee report noted, the flamboyant, cigar-chomping Calderon brothers “treat Capitol politics as a family business.” No one can be the slightest bit surprised that this business caught the attention of the feds. Steinberg is known as a Calderon ally.

EU plans savings confiscation, redistribution to help banksters


In a perfect example of the merger of governments and corrupt banks against the rest of us, the EU executive wants to grab personal pension savings to provide ‘long-term financing’ to, you guessed it, those very same corrupt and mostly insolvent banks. This is savings confiscation to aid the wealthy organized by governments.

“The Commission will ask the bloc’s insurance watchdog in the second half of this year for advice on a possible draft law “to mobilize more personal pension savings for long-term financing”, the document said.” Mobilize, once again, is a more palatable word than, say, confiscate.

The banks are going boo-hoo, harsh new rules prevent us from lending. No, actually those rules force banks to have adequate reserves. This is a good thing for everyone except the corrupt few at the top. So, obligingly, the EU plans to change those tedious rules. Instead of following GAAP, banks can go back to their previous MSU method of accounting, Making Shit Up. It’s important to realize this redistribution of money will not go from the rich to the poor but rather from everyone else to the already rich. It’s socialism for the wealthy. The Fed has been doing this for years in the US, shoveling trillions to the banksters, ostensibly to jump-start the economy.. The banksters keep the money, don’t loan it out, use it for speculation, all the while whining about government interference.

Precious metals manipulation worse than LIBOR rigging, says top German regulator

gold bars

Whoa, apparently Germany has financial regulators who take their jobs seriously. Their top regulator says price rigging in precious metals is worse than the appalling LIBOR corruption. No word yet when he will be found dead, with his death ruled a suicide, after being shot ten times in the back with incontrovertible proof linking him to child porn, drug cartels, Satanism, and most damningly, refusing to ignore the corruption at the heart of our financial system.

It may be time to shift yet another conspiracy “theory” into the “fact” bin, thanks to Elke Koenig, the president of Germany’s top financial regulator, Bafin, which apparently is not as corrupt, complicit and clueless as its US equivalent, and who said that in addition to currency rates, manipulation of precious metals “is worse than the Libor-rigging scandal.”