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Archive for the 'Malefactors of Great Wealth' Category

QUOTE OF THE DAY

{Posted in America, General Fucked-Up-Edness, Malefactors of Great Wealth, Quote of the Day on February 16th, 2013 by Scott }

“Incomes rose more than 11 percent for the top 1 percent of earners during the economic recovery, but not at all for everybody else, according to new data.”

The New York Times  yesterday.

 

TOO BIG TO JAIL

{Posted in America, Assholes, General Fucked-Up-Edness, Malefactors of Great Wealth on December 12th, 2012 by Scott }

This grotesquerie of loathsome criminals will not be getting ass raped in prison any time soon. Mores the pity.

These are some of the guys whom the government of the United States has said are responsible for setting up and managing an ongoing criminal enterprise and who knowingly funneled laundered drug money through their bank — HSBC the third largest bank in the world — and to Iranian backed terrorist organizations.

But the DOJ has, in its wisdom, determined that HSBC should simply pay a fine and that the criminals pictured above will not be subject to prosecution and will thus be able to collect their multi-million dollar year end bonuses.

So the lesson here is that if you’re a guy growing a little weed in your home to sell to the nice lady with glaucoma down the street, you will get your door kicked in and have the full weight of the law brought down upon your head and shoulders.

But if you’re a financial parasite who launders Mexican drug cartel money and funnels it through to middle eastern terror organizations – hey!  No harm no foul.

And if that weren’t bad enough, the guys responsible aren’t even the ones paying the fine that HSBC agreed to pay as part of the deal to keep them from being criminally prosecuted.

That falls to HSBC’s shareholders.

Who did nothing wrong except, of course, to unknowingly invest their money in a criminal enterprise.

There really are two systems of justice in this country.

Here’s Glenn Greenwald on the harshness of the criminal justice system that the rest of us are subjected to:

“Not everyone is subjected to that system of penal harshness. It all changes radically when the nation’s most powerful actors are caught breaking the law. With few exceptions, they are gifted not merely with leniency, but full-scale immunity from criminal punishment. Thus have the most egregious crimes of the last decade been fully shielded from prosecution when committed by those with the greatest political and economic power: the construction of a worldwide torture regime, spying on Americans’ communications without the warrants required by criminal law by government agencies and the telecom industry, an aggressive war launched on false pretenses, and massive, systemic financial fraud in the banking and credit industry that triggered the 2008 financial crisis.

The US government is expressly saying that banking giants reside outside of – above – the rule of law, that they will not be punished when they get caught red-handed committing criminal offenses for which ordinary people are imprisoned for decades. Aside from the grotesque injustice, the signal it sends is as clear as it is destructive: you are free to commit whatever crimes you want without fear of prosecution.”

 

PLEASE GOD, LET ME FAIL LIKE THIS

{Posted in America, Malefactors of Great Wealth on October 17th, 2012 by Scott }

Here’s a graph showing Citigroup’s stock performance during the reign of its just fired CEO Vikram Pandit.  A man who helped bring the world economy to the brink of destruction and who’s bank engaged in some of the most egregious malfeasance of any of the “too big to fail” banks.

And yet Mr. Pandit just walked away with a cool $260 million golden parachute for his endeavors.

That’s right — more than a quarter BILLION dollar bonus for destroying billions of dollars worth of shareholder wealth.

If I were to fail my business the way Pandit failed his my business partner would take me out in a field and put a bullet in my head — not pay me hundreds of millions of dollars as a bonus for going away.

KILL ‘EM ALL — LET GOD SORT THEM OUT

{Posted in #OccupyWallStreet, Assholes, Malefactors of Great Wealth, News/Current Events, OCCUPY AMERICA, OCCUPY EVERYWHERE, Video on July 13th, 2012 by Scott }

This is the single best discussion and explanation of the LIBOR scandal you’re likely to get.

Simply put, LIBOR — the London Interbank Offered Rate — is the rate that banks lend money to each other and it directly impacts virtually everyone in the world.

The 16 banks that set the LIBOR have been gaming a system worth literally hundreds of trillions of dollars and their fraud and criminality has cost people with home loans, business loans, student loans, credit cards . . . you name it, quite literally trillions of dollars in losses.

I’ve said it before and I’ll say it again — this shit isn’t going to stop until some of these motherfuckers are hanging from a gibbet in the middle of the town square.

QUOTE OF THE DAY

{Posted in Assholes, Malefactors of Great Wealth, Quote of the Day, The Republican Clown Car on July 11th, 2012 by Scott }

“I believe that if you understood who I truly am in my heart, and if it were possible to fully communicate what I believe is in the real, enduring best interest of African American families, you would vote for me for president.”

Mitt Romney addressing the NAACP just moments ago this morning.

WOW!  Just fucking WOW!

Sooooo lemme see if I’ve got this right — a white guy who grew up the son of wealth and privilege, who was once a bishop of the Mormon church {a church that excluded blacks until the late 70s} who is currently estimated to be worth more than a quarter billion dollars — most of which is kept in secret Swiss or Cayman Island bank accounts, and whose father was the governor of Michigan and a presidential candidate – knows what the average African-American family needs and what’s in their best interest.

This guy either has brass balls the size of Texas or he’s the stupidest motherfucker on the face of the Earth.

Given is past performances over the years — I vote for the latter.

QUOTE OF THE DAY

{Posted in America, Assholes, Malefactors of Great Wealth, Quote of the Day, The Republican Clown Car on July 10th, 2012 by Scott }

“I don’t think the common person is getting it.  Nobody understands why Obama is hurting them.

We’ve got the message, but my college kid, the baby sitters, the nails ladies — everybody who’s got the right to vote – they don’t understand what’s going on. I just think if you’re lower income — one, you’re not as educated, two, they don’t understand how it works, they don’t understand how the systems work, they don’t understand the impact.”

A Romney supporter speaking on the condition of anonymity at the big $50,000 a couple fundraiser held for Mittens at the Hamptons home of billionaire plutocrat Ron Pearlman this weekend.

Aside from the contemptible attitude held by this despicable woman that people who are not as rich as she is are, therefore, not as educated {read that to mean smart}, the thing that strikes me here with her thinking is just how fucking correct she is.

Because the kids who go to college, and the nails ladies, and the babysitters, along with the overwhelming mass of the booboisie who watch Fox News would be arming themselves to the tits and shooting these fucking 1 Percenters down in the streets like rabid dogs if they did know how the system actually works.

HELP SAVE THE WORLD — KILL A BANKER

{Posted in #OccupyWallStreet, America, Malefactors of Great Wealth, Video on June 28th, 2012 by Scott }

If you watch this segment from Bill Moyers’ show featuring Yves Smith from Naked Capitalism and Matt Taibbi from Rolling Stoneon the criminal behavior perpetrated by America’s banks on the U.S. public and don’t want to go out and shoot one of these motherfucking bankers right in the face then you’re a much better person than I.