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Forum Post: An open letter. You have the majority of the public Hoodwinked - Completely in the Dark. 8/17/2012

Posted 11 years ago on Aug. 17, 2012, 3:37 p.m. EST by DKAtoday (33802) from Coon Rapids, MN
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Sent this day 8/17/2012 An Open Letter Addressed to The President of the United States of America and to all of the currently seated members of Government and to all of the citizens of the USA to the people of the world and to all governments. Please Handle and deliver/share as you would a letter delivered by the USPS.

Mr. President and all currently seated members of Government and to all the citizens of the USA, to the governments and people of the world.

1st let me state that these letters I send to you I also send out on social media to all of the citizens of the USA to read as well - and I suppose it could be considered as open letters to the world also.

Anyway today's subject: You have the majority of the public Hoodwinked - Living Completely In The Dark. Bravo on your support of the news blackout/spin/misinformation that is keeping the majority of the Public in this condition. Just don't count on it lasting - as word/truth is getting out - just not as fast as it might.

To The Public :

To get the wheels of justice moving - it is gonna take public outcry - in the streets - in the mail ( USPS ) and over the internet - a real firestorm of protest - the Message(?) = Prosecute the Economic Bankster Criminals - Kick them out of the White House - This Is Not And Will Not Be a Country Of Criminals.

Why Should there be a Fire Storm of Public Protest and Outrage? The following gives one example - one very good reason why.

On August 9, the Justice Department dropped criminal fraud charges. Evidence the equivalent of enough firepower to sink a carrier battle group was buried and forgotten. More on what happened below.

Black's Law Dictionary says: "Fraud consists of some deceitful practice or willful device, resorted to with intent to deprive another of his right, or in some manner to do him an injury."

It includes "all acts, omissions, and concealments which involve a breach of legal or equitable duty, trust, or confidence justly reposed, and are injurious to another, or by which an undue and unconscientious advantage is taken of another."

The legal dictionary calls fraud: "A false representation of a matter of fact - whether by words or by conduct, by false or misleading allegations, or by concealment of what should have been disclosed - that deceives and is intended to deceive another so that the individual will act upon it to her or his legal injury."

Criminal and civil frauds differ by level of proof required. The former needs a "preponderance of evidence." The latter must prove intent and be "beyond a reasonable doubt."

In April 2010, the SEC filed civil, not criminal, fraud charges. Goldman and one of its vice presidents was accused of defrauding investors by misstating and omitting key facts about junk assets tied to subprime mortgages.

Huge profits were made as the housing market faced collapsed. Structured and marketed synthetic collateralized debt obligations (CDOs) paid off big. Their performance depended on subprime residential mortgage-backed securities (RMBS).

Charges involved violations of Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934, and Exchange Act Rule 10b-5. The SEC sought "injunctive relief, disgorgement of profits, prejudgment interest, and financial penalties."

In April 2011, the Senate Permanent Subcommittee on Investigations released a report on how banking giants, federal regulators, and credit rating agencies conspired to crash the subprime mortgage market.

Around 40% of it discussed Goldman. It sold an alphabet soup of securitized junk. Garbage included mortgaged-backed securities (MBSs), collateralized mortgage obligations (CMOs), and various other assets structured to fail.

Combined, they sliced, diced, packaged, repackaged, and sold them in tranches to sophisticated and ordinary investors. Many bought them unwittingly through mutual funds, 401(k)s, pensions, and other investments.

The Senate listed federal security law violations. Goldman wasn't alone. Other major Wall Street banks conspired with financial partners to steal and get away with it. Justice Department officials and prosecutors got enough evidence to hang them.

Committee chairman Carl Levin said the panel's two-year probe found "a financial snake pit rife with greed, conflicts of interest and wrongdoing." He recommended prosecution. He added:

"In my judgment, Goldman clearly misled their clients and they misled Congress."

On August 9, the Justice Department said it conducted "an exhaustive review of the report." It concluded that "based on the law and evidence as they exist at this time, there is not a viable basis to bring a criminal prosecution with respect to Goldman Sachs or its employees in regard to the allegations set forth in the report."

In other words, fraud charges don't matter. Whatever Goldman does is OK. Stealing is how it does business. Obama officials find no fault. Goldman expressed relief it's all over.

It knows Justice Department prosecutors won't lay a glove on them. It's free to make money by stealing it.

Its only obligation is regular campaign contribution kickbacks, insider trading tips, other ways for pols to profit and get rich, and financial officials like Bernanke, Geithner, and others at Treasury and the Fed getting sweet revolving door jobs out of Washington when or if they plan to leave.

Each side helps the other. Political and Wall Street crooks conspire to keep a sweet racket going. Corruption is a way of life. Congress, administrations, the judiciary, and scoundrel media go along. Laws are only for ordinary people. Predators are free to prey.

Mr. President and the Seated Government of the USA. You have my fervent Hope and Prayer - that you will be hearing from the Public - and that you will pay attention to the Public - May the Public's contact with their ( "THEIR" ) government come fast and furious and in a great deluge.

If you would like to contact the President:

http://www.barackobama.com/contact-us/ or email info2012@barackobama.com

You can also make contact here:




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[-] 1 points by DebtNEUTRALITYpetition (647) 11 years ago

lol, I told you Obama is was and probably always will be a Banker. Yes, Romney probably is one as well.

Missing a Hillary Clinton presidency. Too bad the younger feminists clashed with the older feminists in 2008. Too bad the top female power mongers, Oprah Winfrey, Arianna Huffington, Nancy Pelosi, even Maria Shriver, chose Obama well before it was necessary, well before democrats had voted their choice for the nomination.

I guess they didn't want to drop in power in relation to having a women president.

[-] 0 points by VQkag2 (16478) 11 years ago

Well said.

Was there no republicans responsible for the laws that allow these bankers to get off scott free?. I mean this is also a problem of weak regulations that allow individual execs to avoid prosecution.

The law must be strengthened as well. This problem is not a new one, criminal prosecution of individual execs has been almost impossible for decades.

[-] 0 points by DKAtoday (33802) from Coon Rapids, MN 11 years ago

This letter is a reprimand to ALL who are in office.

This letter is mainly to the People for consideration and hopefully inspiration to get involved and have their voice heard.

[-] 0 points by VQkag2 (16478) 11 years ago

Many bank scandals have occured in our lives, Always some people get a few years but mostly no one gets jail. It's an old problem. This admin may have let them off as a favor for the money Wall st gave them. I actually don't see that evidence. But that may be a reality.

It just doesn't change the fact that the laws have been written to let these guys get off.

I mean we've already said repeatedly the 1% have rigged the system. They have bought pols in both parties and you know they have had laws changed to protect themselves.

Limited Liability baby. The laws must be strengthened. They have to go away for 20 years.

It's the only way to be sure.