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Forum Post: Wall st Criminal bastards. Don't let anyone claim the crash was because of borrowers

Posted 2 years ago on Dec. 17, 2012, 8:59 p.m. EST by VQkag2 (16478)
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293 Comments

293 Comments


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[-] 4 points by VQkag2 (16478) 1 year ago

This is partisanship! By the wall st banksters who are running the planet into the ground.

http://www.opensecrets.org/news/2013/01/wall-street-republicans.html

[-] 4 points by VQkag2 (16478) 1 year ago

Skank of America settles. Slap on the wrist! No jail time. Just illustrates Who is in charge!! Not the people, the Wall st Banksters

http://www.politico.com/story/2013/01/bank-of-america-to-pay-fannie-mae-36b-buy-back-68b-in-loans-to-settle-85830.html

[Removed]

[-] 3 points by JackPot (87) 3 months ago

Hyenas guarding the hen house.

Untouchables on Wall Street

https://www.youtube.com/watch?v=GqmyrWDQljw

Wall Street Fraud Enabler Lanny Breuer Steps Down (with Eliot Spitzer)

https://www.youtube.com/watch?v=MxjOR0zBg5U

[-] 1 points by 99nproud (2697) 2 months ago

Petition "investigate the banks"

http://act.credoaction.com/sign/warren_goldman_sachs_tapes?t=1&akid=11862.3424571.l-Gagp

"Senators Elizabeth Warren and Sherrod Brown are calling for immediate oversight hearings as soon as Congress returns to work after the elections.2 We need to echo their call right now to make sure Wall Street can’t sweep these reports under the rug.

Tell Congress: Hold hearings on the Goldman Sachs tapes."

Perp walks, jail time, & financial restitution to the people.

[-] 1 points by 99nproud (2697) 2 months ago

"5 bank bailouts we didn't know about"

http://www.nationofchange.org/2014/10/04/top-five-bank-bailouts-never-heard/

"Nobody at the top has faced criminal prosecution. Executive compensation and bonuses have rebounded nicely. And while taxpayers committed trillions to keeping those “too-big-to-fail” institutions afloat, the foreclosure crisis persists six years after the crash."

Bastards!! Banksters, NOT borrowers were to blame for the world wide economic crash!!

Perp walks, & jailtime. Long overdue.

[-] 0 points by 99nproud (2697) 2 months ago

Pressure ALL pols to prosecute banksters!

"In the wake of the release of 46 hours of secretly recorded tapes revealing that the Federal Reserve Bank of New York consciously backed off regulating Wall Street, Sen. Elizabeth Warren is calling for the Senate to investigate. The tapes were released to NPR's "This American Life" host Ira Glass, and unveiled on a show that aired September 26."

http://www.truth-out.org/buzzflash/commentary/elizabeth-warren-urges-senate-to-investigate-federal-reserve-about-lax-enforcement

Increase the heat!!!! Perp walks & jail time for the banksters!

[-] -1 points by 99nproud (2697) 2 months ago

AIG obscene bailout didn't file proper docs!

http://www.crainsnewyork.com/article/20141002/FINANCE/141009951/ny-fed-lawyer-aig-got-billions-without-bailout-docs#utm_source=Daily%20Alert&utm_medium=alert-html&utm_campaign=Newsletters

"The Federal Reserve Bank of New York attorney said the appropriate documents were not filed because the Fed hastened the deal to prevent a renegotiation of the terms."

"File documents? Who needs to file documents!"

Naturally this just happens to benefit the corp (AIG)

I said "Wall st criminal bastards!"

[-] -1 points by 99nproud (2697) 3 months ago

Action Alert!! #Floodwallstreet

http://interoccupy.net/blog/time-to-flood-wall-street/

FYI Still fighting

[+] -5 points by 99nproud (2697) 2 months ago

Repubs, blocking fin reform, targeting CFPB

http://www.salon.com/2014/10/12/exclusive_elizabeth_warren_on_barack_obama_they_protected_wall_street_not_families_who_were_losing_their_homes_not_people_who_lost_their_jobs_and_it_happened_over_and_over_and_over/

“They protected Wall Street. Not families who were losing their homes. Not people who lost their jobs. And it happened over and over and over”

http://www.motherjones.com/politics/2014/09/republican-senate-would-gut-elizabeth-warren-consumer-protection-bureau

"If the GOP wins the Senate, they'll no doubt use the opportunity to push through a range of measures that are kryptonite to Democratic voters—new abortion restrictions, limits on the ability of the Environmental Protection Agency to combat climate change, a relaxation of the rules reining in Wall Street's worst excesses.

But Republicans are particularly keen on handicapping one particular federal watchdog: the Consumer Financial Protection Bureau (CFPB), the three-year-old agency that Sen. Elizabeth Warren (D-Mass.) devised and helped build in the wake of the financial crisis."

Retire ALL anti fin reform pols.

[-] 3 points by nomdeguerre (1775) from Brooklyn, NY 1 year ago

No kidding. Keep this post alive (which I see you a doing, LOL).

[-] 4 points by inclusionman (7064) 1 year ago

Europe has the right idea on how to punish the criminal banksters.

http://www.nationofchange.org/fixing-bankers-pay-save-economy-1362757467

When are we gonna start talkin about these things.

[-] 4 points by inclusionman (7064) 1 year ago
[-] 4 points by inclusionman (7064) 1 year ago

Ratings agencies have gotten off scott free. Like the rest of the wall st conspirators. This civil suit shows THEY are to blame for the crash. NOT borrowers.!!

Civil suits are inadequate. Perp walk for the execs, & board members will serve as a deterrent in the future.

http://news.yahoo.com/u-launches-civil-action-against-p-over-pre-063053000--finance.html

[-] 0 points by nomdeguerre (1775) from Brooklyn, NY 1 year ago

The criminal rating agencies deserve even worse than that. They should be nationalized, reorganized as non-profits and sold off. Currently they are a built-in conflict of interest. We have a criminogenic economic structure.

And of course, the individual executives and employees who carried out the crimes should be held responsible and jailed (fair jail terms after fair criminal trials).

[-] 4 points by inclusionman (7064) 1 year ago

Destroying pension funds was a high priority target when the wall st corps crashed the world economy in 2008.

http://www.huffingtonpost.com/2013/03/18/citigroup-class-action_n_2903745.html?utm_hp_ref=business

[-] 3 points by inclusionman (7064) 1 year ago

Occupy letter to SEC!!!! Read it here.

http://www.occupythesec.org/files/Whiteletter.pdf

We ain't dead yet!!!

[-] 3 points by inclusionman (7064) 1 year ago

Occupy the SEC making slow progress.

http://www.reuters.com/article/2013/02/21/us-sec-moneyfunds-idUSBRE91K13A20130221

Years of hard work lie ahead of us.

[-] 3 points by inclusionman (7064) 1 year ago

I suppose we should be fair. Not that they were.

Christ the execs should at least be fired

[-] -2 points by nomdeguerre (1775) from Brooklyn, NY 1 year ago

Must support rule of law, even if they don't.

[-] 4 points by inclusionman (7064) 1 year ago

Aiiight!. Of course for 30 years the corp 1% right wing has watered down the law to make much of these actions legal, andto remove individual liability.

This is part of the reason why the criminal prosecutions have been non existent. )Mostly corruption and govt protection)

[+] -4 points by nomdeguerre (1775) from Brooklyn, NY 1 year ago

The laws are there, just not enforced.

[-] 5 points by inclusionman (7064) 1 year ago

I agree laws ARE there, I agree they aren't enforced (or prosecuted).

I also KNOW:

That the laws have been weakened and perverted to allow criminal activities, and minimize individual liability for corp executes.

[-] 4 points by VQkag2 (16478) 1 year ago

And yet another bank settlement. Too small. no jail time.

http://bigstory.ap.org/article/10-banks-agree-pay-85b-foreclosure-abuse

[-] 4 points by VQkag2 (16478) 1 year ago

Wall st Bankers are still getting off easy. Both parties are giving them slaps on the wrist.

Money out of politics. Support movetoamend.org

[-] 1 points by nomdeguerre (1775) from Brooklyn, NY 1 year ago

Wall St. banksters still in need of jailout. Of course they'll just start a cigarette looting racket in jail -- they can't change their criminal nature. Too bad for the other prisoners, but at least they'd be kept away from the larger economy.

[-] 4 points by VQkag2 (16478) 1 year ago

None of them are goin to jail. We gotta agitate for real prosecution. We also should get congress to put back the money they took from white collar prosecution, and get congress to strengthen white collar criminal penalties and create more individual liabilities.

[-] 0 points by nomdeguerre (1775) from Brooklyn, NY 1 year ago

The laws are there. They just aren't being enforced. Eric Holder is actually the Official-after-the-fact-accessory-to-assorted-felonies firewall of protection, not the Attorney General. As Attorney General he is a criminal fraud.

[-] 4 points by VQkag2 (16478) 1 year ago

Nah the laws have been weakened over many years to provide corp execs much freedom from prosecution.

New stronger fin regulations with real teeth and personal liability are required.

Holders weakness/mistakes not withstanding.

[-] -1 points by nomdeguerre (1775) from Brooklyn, NY 1 year ago

Absolutely. Banksters = looters run wild / con artists. But the corpoRAT bought and sold MSM newsliars put the blame on the borrowers. It's a hideous indictment of the newsliarsmedia.

The banksters thought they had distributed the risk so thoroughly that there was no risk. Wall St. believed it had invented riskfree capitalism and inflated the housing bubble -- banksters become predatory lenders, there was no risk to them. Rule 1 of capitalism, the one going for the profit, takes the risk.

Derivatives are the main problem (casino banking) but back to the housing bubble -- it is human nature to jump on economic bubbles, practically irresistible. Further the buyers were told that in the worst case, that they might simply have to sell out for a profit -- in otherwords, they couldn't lose.

Wall St. became a carnival of lies, deceit and fraud. Where's the jail time?

[-] 1 points by repubsRtheprob (1209) 1 year ago

no jail time because they own our govt. They have convinced their political puppets that "the system" will collapse if they are jailed or broken up.

Or at least convinced their pol puppets to push that lie anyway.

[-] -1 points by nomdeguerre (1775) from Brooklyn, NY 1 year ago

Plus the criminal AG Eric Holder is their inside man.

[-] 1 points by repubsRtheprob (1209) 1 year ago

Just another bought and paid for commodity for TPTB.

Money out of politics, elect pro 99% politicians.

[-] -1 points by nomdeguerre (1775) from Brooklyn, NY 1 year ago

We have to hope that their arrogance leads to such overreach that the 99% vomit them out of the body politic.

[-] 1 points by repubsRtheprob (1209) 1 year ago

That's about what It will take.

[-] 1 points by 99nproud (2697) 3 months ago

Borrowers were victims!

http://msue.anr.msu.edu/news/mortgage_loan_scams_hurt_homeowners

Bankster, bastards

[-] 1 points by repubsRtheprob (1209) 1 year ago

Update: DOJ prosecutions adding guilty plea.

SO WHAT!!!!??? Still not sending any banksters to jail!

Prosecutors, Shifting Strategy, Build New Wall Street Cases By BEN PROTESS Lanny A. Breuer, the head of the Justice Department's criminal division.Richard Drew/Associated PressLanny A. Breuer, the head of the Justice Department’s criminal division.

Criticized for letting Wall Street off the hook after the financial crisis, the Justice Department is building a new model for prosecuting big banks.

In a recent round of actions that shook the financial industry, the government pushed for guilty pleas, rather than just the usual fines and reforms. Prosecutors now aim to apply the approach broadly to financial fraud cases, according to officials involved in the investigations.

Lawyers for several big banks, who spoke on the condition of anonymity, said they were already adjusting their defenses and urging banks to fire employees suspected of wrongdoing in the hope of appeasing authorities.

But critics question whether the new strategy amounts to a symbolic reprimand rather than a sweeping rebuke. So far, the Justice Department has extracted guilty pleas only from remote subsidiaries of big foreign banks, a move that has inflicted reputational damage but little else.

The new strategy first materialized in recent settlements with UBS and the Royal Bank of Scotland, which were accused of manipulating interest rates to bolster profit. As part of a broader deal, the banks’ Japanese subsidiaries pleaded guilty to felony wire fraud. Senator Carl Levin of Michigan has criticized prosecutors for not doing more to hold banks accountable for their actions.J. Scott Applewhite/Associated PressSenator Carl Levin of Michigan has criticized prosecutors for not doing more to hold banks accountable for their actions.

The settlements present a significant shift. Authorities have long avoided guilty pleas over fears they will destroy the banks and imperil the broader economy. By going after a subsidiary, prosecutors shield the parent company from losing its license, but still send a warning to the financial industry.

The Justice Department plans to continue the campaign as it pursues guilty pleas from other bank subsidiaries suspected of reporting false interest rates, according to the prosecutors and the lawyers who requested anonymity to discuss the cases. Authorities are scrutinizing Citigroup, whose Japanese unit is suspected of rate manipulation, and prosecutors recently accused one former trader there of colluding with other banks in a vast rate-rigging conspiracy.

Prosecutors want the rate-rigging investigation to serve as a template for other financial fraud cases. Two officials, who spoke on condition of anonymity, described a plan to eventually wring an admission of guilt from an entire bank.

“This Department of Justice will continue to hold financial institutions that break the law criminally responsible,” Lanny A. Breuer, the departing head of the agency’s criminal division, said in an interview.

The strategy will face significant roadblocks.

For one, banking regulators are likely to sound alarms about the economy. HSBC avoided charges in a money laundering case last year after concerns arose that an indictment could put the bank out of business. In the first interest rate-rigging case, prosecutors briefly considered criminal charges against an arm of Barclays, but they hesitated given the bank’s cooperation and its importance to the financial system, two people close to the case said.

The Justice Department will also face resistance from Wall Street. In meetings with authorities, banks are trying to distinguish their activities from the bad behavior at UBS and Barclays, according to the industry lawyers. One lawyer who represents Deutsche Bank acknowledged that Wall Street was girding for battle over the push for guilty pleas.

Some lawyers posit that the new approach amounts to a government shakedown, because institutions may plead guilty to dodge an indictment. “I think it’s a step in the wrong direction,” said James R. Copland, the director of the Center for Legal Policy at the Manhattan Institute.

Complicating matters, lawmakers and consumer advocates will continue to complain that banks get off too easily. In the rate manipulation cases, critics have clamored for more potent penalties, seeking convictions against parent companies.

The problems “should provide motivation to prosecutors, regulators and Congress to do more to ensure that this type of behavior is stopped, and that banks and their executives who manipulate markets are held accountable,” said Senator Carl Levin, Democrat of Michigan.

Critics point to the UBS case. Before UBS signed the deal, Japanese authorities assured the bank that a guilty plea would not cost the subsidiary its license, a person involved in the case said. While the case has weighed on the stock price, the subsidiary is operating normally and clients have stayed put, according to people with direct knowledge of the case.

Prosecutors defend their effort, saying it was born from painful experiences over the last decade.

After Arthur Andersen was convicted in 2002, the accounting firm went out of business, taking 28,000 jobs with it. The Supreme Court later overturned the case, prompting the government to alter its approach.

Prosecutors then turned to deferred-prosecution agreements, which suspend charges against corporations in exchange for certain concessions and a promise to behave. But the Justice Department took heat for prosecuting few top bank executives after the financial crisis. A recent “Frontline” documentary portrayed prosecutors as Wall Street apologists.

So the government is seeking a balanced approach, aiming to hold banks accountable without shutting them down. Prosecutors consulted federal policies that required them to weigh action with “collateral consequences” like job losses. Mr. Breuer also collected input from staff, including the head of his fraud unit, Denis J. McInerney, a former defense lawyer who represented Arthur Andersen.

Mr. Breuer eventually deployed a strategy built on guilty pleas for subsidiaries. He imported the model, in part, from his foreign bribery actions and pharmaceutical cases.

“Extracting a guilty plea from a wholly owned subsidiary finally enables the Justice Department to look tough on financial institutions while sparing them from the corporate death penalty,” said Evan T. Barr, a former federal prosecutor who now defends white-collar cases as a partner at Steptoe & Johnson.

As the Arthur Andersen cases fades from memory, some prosecutors say their new approach will lay the groundwork for parent companies to plead guilty.

But first, officials say, they are testing the strategy in the interest rate-rigging case. Authorities suspect that more than a dozen banks falsified reports to influence benchmark interest rates like the London interbank offered rate, or Libor, which underpins the costs for trillions of dollars in financial products like mortgages and credit cards.

Prosecutors focused on Japanese units because e-mail traffic exposed how traders there had routinely manipulated rates to increase profits, officials say. The units also have few ties to American arms of the banks, containing any threat to the economy.

After the Barclays case, authorities shifted to UBS, given the scope of the evidence and the bank’s past brushes with authorities, according to officials. The bank’s Japanese subsidiary was also a hub of rate-rigging activity. “The Justice Department had a clear view on the past of this institution,” said one executive who met with government officials.

Along with paying $1.5 billion in fines, the bank agreed to bolster its controls and have its Japanese unit plead guilty. It was the first big global bank subsidiary to plead guilty in more than two decades.

The Royal Bank of Scotland met a similar fate. The bank’s conduct was less severe than the actions of UBS, but it too had a rogue Japanese subsidiary. The bank announced a $612 million settlement with authorities this month, including a guilty plea in Japan.

Using the settlements as a template, prosecutors are building cases against other banks ensnared in the investigation, people involved in the case said, and guilty pleas are likely. Deutsche Bank is expected to settle with authorities by late 2013, the people said.

Citigroup and JPMorgan Chase, two American banks under scrutiny, pose a thornier challenge. So far, authorities have flexed their newfound muscle with foreign banks.

American regulators may warn that extending the campaign to Citigroup would threaten the company’s stock and prompt an exodus of clients. Japan’s regulators, some feeling upstaged by the recent actions, might raise similar concerns. Citigroup’s lawyers will also push back, people involved in the case said, citing the bank’s cooperation with investigators and emphasizing that wrongdoing never reached upper levels of management. The bank fired the trader recently charged by the Justice Department.

Authorities could counter that Citigroup’s Japanese unit is a repeat offender. It butted heads with Japanese regulators three times over the last decade.

“This is hard-nosed negotiation,” said Samuel W. Buell, a former prosecutor who is now a professor at Duke Law School. “It’s a game of chicken.”

Mark Scott contributed reporting from London and Hiroko Tabuchi from Tokyo

[-] -2 points by nomdeguerre (1775) from Brooklyn, NY 1 year ago

I just want to add that Carl Levin seems to be playing both sides of the street. He talks a good line, but what about his actions. Lloyd Blankfein of Goldman Sachs almost certainly committed perjury (he & the whistle blower contradicted each other under oath) before his committee. Why wasn't Blankfein indicted?

[-] 1 points by inclusionman (7064) 1 year ago

British banksters caught!!

http://www.dailymail.co.uk/news/article-2297283/Bank-grovelling-apology-US-watchdog-claiming-415million-fine-clerical-errors.html

But no one will get a perp walk, no one will be jailed.!

Outrageous!! Break up the banks

[-] 1 points by repubsRtheprob (1209) 1 year ago

The banksters own our govt. Congress has provided no oversight., DOJ has imprisoned no execs.

WE must pressure all pols for stronger laws, for real prosecution, and for breaking up the too big to fail banks.

[-] 1 points by peacehurricane (293) 1 year ago

Actually they may own washinton dc and that is not The United States of America. We are the Government and can get out of that place instead of play that way. Much more fun for everyone is available, ready and awaiting this transition and until then which is now I AM We In Solidarity Worldwide FREEDOM...

[-] 3 points by inclusionman (7064) 1 year ago

break up the banks!

Pressure Pres Obama

http://signon.org/sign/action-tell-obama-to?source=c.url&r_by=7254994

Please sign the petition.

[-] -1 points by vaprosvyeh (-400) 1 year ago

The "report" generated by "Pay up Now" doesn't take into consideration legitimate tax deductions and write offs that all companies can legally utilize and just spits out raw data in a 5 year block that someone with an agenda can surely use to make things appear worse than they actually are.

This report from the Huff Po is far more current and relevant (covers 2012 and not various combinations of years like the Pay Up Now information).

http://www.huffingtonpost.com/2013/03/18/10-companies-paying-the-l_n_2900672.html?utm_hp_ref=business#slide=more286885

[-] 3 points by inclusionman (7064) 1 year ago

Pressure Pres Obama to break up the banks

http://signon.org/sign/action-tell-obama-to?source=c.url&r_by=7254994

Please sign the petition.

[-] 2 points by inclusionman (7064) 1 year ago

You don't have to like the source but the point is too many corps get away with paying little to no taxes, precisely BECAUSE of the write offs, deductions that YOU characterize as legitimate and I call unnecessary gifts from corrupt pols repaying big campaign contributions.

Close the loopholes, end the deductions for the wealthy corps.(and individuals)

[-] -1 points by vaprosvyeh (-400) 1 year ago

What I mean by legitimate are the actual things that all businesses, large and small, CAN and SHOULD write off that involve the cost of doing business etc, NOT political gifts.

[-] 3 points by inclusionman (7064) 1 year ago

Plague of Wall st explained

http://www.nationofchange.org/plague-wall-street-banking-1363793165

FYI

Thx for all you good posts

[-] 3 points by inclusionman (7064) 1 year ago

Yeah i know all deductions are legitimate because they have been written into the law and therefore legal.

I say enough already. The deductions are pols repaying corp campaign contributions.

Let's cut the deductions for exec compensation, corp jets, to start.

We can go from there.

They gotta start paying their fair share.

[-] -1 points by vaprosvyeh (-400) 1 year ago

GE.....evil corporation that avoids paying taxes....also makes wind turbines. What if they get that government contract to build all those turbines for the NYS project?

[-] 2 points by inclusionman (7064) 1 year ago

bankster illegal foreclosure, not borrowers irresponsibility is the problem.

http://news.yahoo.com/us-banks-send-checks-foreclosure-184343686.html

[-] 2 points by inclusionman (7064) 1 year ago

Obviously we will need large corps to implement the new green economy.

That doesn't change the need to get corps to pay their fair share of taxes. Even GE, who also gets away with paying no taxes.

Ok?

[-] 1 points by repubsRtheprob (1209) 1 year ago

Yeah man. Cool.

[-] -1 points by peacehurricane (293) 1 year ago

I am not a man and I like it hot for once one gets cool enough they may become coo-coo at least in these parts. Really there is not such a thing as problem for these are opportunity with lesson in hand once we choose to do this with them.

[-] 2 points by inclusionman (7064) 1 year ago

And what is the opportunity here?

[Removed]

[-] -1 points by 99nproud (2697) 2 months ago

Wall st avoiding regs!

http://www.bloomberg.com/news/2014-09-16/sifma-claims-on-cross-border-action-and-large-traders-rejected.html

"Wall st's bid to rein in U.S. derivatives regulation was rejected by a federal judge in a significant victory for the government’s ability to police trading outside the country."

Rare, & small victory that might reign in some tax evasion.

Years of hard work in the streets, courts, voting booth, & media are required.

Peace

[-] -1 points by nomdeguerre (1775) from Brooklyn, NY 1 year ago

It's all one gigantic control fraud. The enterprise of government used to deliver private profit rather than honest service to the citizens/voters/taxpayers.

[-] 2 points by inclusionman (7064) 1 year ago

More proof of bankster guilt. But a pathetically small punishment without jail time.

http://www.nationofchange.org/bank-america-pay-368-million-military-members-improper-foreclosures-1365432131

Whatta joke.

[-] 1 points by repubsRtheprob (1209) 1 year ago

Real change can only come when we have politicians that truly serve the 99%. Not the corp 1%.

money out of politics 1st step!

https://www.commondreams.org/view/2013/02/17-5

[-] -1 points by nomdeguerre (1775) from Brooklyn, NY 1 year ago

So how come Occupy Wall Street, while still occupying, couldn't come up with a list of demands and make that the first?

[-] 1 points by repubsRtheprob (1209) 1 year ago

I can't answer that but I am satisfied that OWS has changed the national discussion on all the issues I care about. (corp crime, Citizens United, and more).

I am satisfied that Occupy has managed to present the opposite ideology of the tea party and as a result contributed to the current disarray, weakness, and self destruction of the tea party/right wing.

I am pleased that numerous progressive groups have been empowered to speak up, and demand change, We have shown the way to fight the system, and many groups have been resurrected as a result.

Including movetoamend.org.

Whatever mistakes OWS made 18 months ago pale in comparison to the slow progress that we initiated in the country.

We have along way to go. There is no guarantee of success. The powers that be have overwhelming political power against us.

But still the power of the people (which has only begun to stir) is greater than the people in power.

[-] 0 points by nomdeguerre (1775) from Brooklyn, NY 1 year ago

I'm with you.

[-] 2 points by inclusionman (7064) 1 year ago

Sen Warren deal maker? or Dragon Slayer?

http://www.motherjones.com/politics/2013/04/elizabeth-warren-senate-wall-street

You decide

[-] 1 points by repubsRtheprob (1209) 1 year ago

And many others are with us as well. And everyday this movement and other progressive movements are growing.

And that is what we need right now. Growing the progressive movements will take time, when we are large enough no corp oligarchs can stand against us.

[-] 3 points by inclusionman (7064) 1 year ago

I'm tryin

[-] 3 points by inclusionman (7064) 1 year ago

Pressure ALL pols for more prosecution, Agitate ALL pols to break up the banks

http://www.crainsnewyork.com/article/20130321/FINANCE/130329966

Too little, too late!!

[-] 3 points by inclusionman (7064) 1 year ago

Richard Wolff a great guide on these economic issues.

http://truth-out.org/news/item/14568-lessons-from-megabanks-megascandals

[-] 2 points by repubsRtheprob (1209) 1 year ago

Heres a good idea to control bankers obscene compensation

http://uk.reuters.com/article/2013/02/19/uk-eu-banks-bonuses-idUKBRE91I00H20130219

[-] -1 points by nomdeguerre (1775) from Brooklyn, NY 1 year ago

How about breaking the banks into such small units that obscene compensation levels are uneconomic?

[-] 1 points by repubsRtheprob (1209) 1 year ago

I definitely support breaking up banks.

[-] 1 points by 99nproud (2697) 4 months ago

That banksters wind up with foreclosed homes after creating the world financial crises is must offensive.

http://truth-out.org/opinion/item/25132-the-rise-of-the-bankster-landlord

Bastards

[-] -1 points by 99nproud (2697) 2 months ago

Fin regs must be stronger!

http://ourfinancialsecurity.org/wall-street-regulation-still-needs-to-be-tougher-americans-overwhelmingly-agree-in-new-crlafr-poll/

"A sweeping majority of voters (78%) believe that financial rules and enforcement need to be strengthened, and that Wall Street’s bad practices have not changed enough. The survey was conducted at the end of June 2014 by Lake Research Partners on behalf of Americans for Financial Reform and the Center for Responsible Lending."

A new Glass Steagall is needed.

http://ourfinancialsecurity.org/senator-warren-makes-the-case-for-the-21st-century-glass-steagall-act/

"Now Senators Elizabeth Warren, John McCain, Maria Cantwell, and Angus King have introduced a bill that would make the biggest banks simpler and smaller and once again end the public subsidy to Wall Street speculation. By requiring banks to focus on lending to the real economy, the 21st Century Glass-Steagall Act would point the way toward a financial system that better serves consumers, small businesses and the nation as a whole."

Solidarity

[-] -2 points by DKAtoday (23978) from Coon Rapids, MN 2 months ago
[-] -1 points by 99nproud (2697) 2 months ago

Warren has it right on this.

http://www.npr.org/blogs/thetwo-way/2014/10/01/352852976/sen-warren-we-need-regulators-who-work-for-the-american-people

""You really do, for a moment, get to be the fly on the wall that watches all of it, and there it is to be exposed to everyone: the cozy relationship, the fact that the Fed is more concerned about its relationship with a too-big-to-fail bank than it is with protecting the American public," Warren says."

Their job is working for the people.

The change we need has not come yet.

The fight continues

[-] -2 points by DKAtoday (23978) from Coon Rapids, MN 2 months ago

Unfortunately - if government and the public protection institutions keep fucking-up - fucking around - the fight may very soon be with pitchforks put in play by the public.

[-] -1 points by 99nproud (2697) 2 months ago

Indeed. We are working to avoid that eventuality.

"Swords into plowshares" (Pitchforks for hay) & all that good stuff.

Peace.

[-] -1 points by DKAtoday (23978) from Coon Rapids, MN 2 months ago

Health through "Natural" processes - one of which would be - mulching not synthetic fertilizer.

[-] 0 points by 99nproud (2697) 2 months ago

Ok. I'm with that. Not much of a farmer myself (greenroof excluded) but have great respect & support for the species.

I absolutely support natural, organic processes.

I apply that logic to fin reg (thread topic) in preferring easy to understand agreements (natural,organic) with fin institutions.

Soon as it gets complicated, legaleze, exotic, small print I see it as unnatural, processed, & toxic.

How's that for goin full circle.?

(bit of a reach but hopefully understood)

[-] -2 points by DKAtoday (23978) from Coon Rapids, MN 2 months ago

Yep = Understood

To lawyers and politicians and everyone who makes things purposely complicated - I recommend the KISSH principal = Keep It Simple Shit Heads.

[-] -1 points by 99nproud (2697) 2 months ago

To the point & easily textable.!

[+] -5 points by 99nproud (2697) 2 months ago

Repubs boughtoff to kill fin reform

http://www.scnow.com/news/business/article_d774131c-499b-11e4-abfb-001a4bcf6878.html

"Wall Street is pumping more money into Republican campaigns this election cycle, betting that a flip in the Senate could usher in revisions to a key financial reform law. In past cycles, aside from the last presidential election, securities and investment firms have hedged their bets by donating roughly the same amount to both parties. But this time Wall Street has handed Republicans nearly two-thirds of the $115 million it has contributed to 2014 campaigns, according to the Center for Responsive Politics."

Retire ALL pols in wall st pocket

[-] 3 points by Nevada1 (4849) 2 years ago

Good Post

[-] 4 points by VQkag2 (16478) 2 years ago

And now UBS as well jumps on the LIBOR rigging "fine" bandwagon.

http://worldnews.nbcnews.com/_news/2012/12/19/16010272-swiss-bank-ubs-hit-with-15-billion-fine-after-admitting-fraud-paying-bribes?lite . Whatta joke. Let's see some arrests

[-] 2 points by WSmith (1634) from Cornelius, OR 1 year ago

It was Bank Fraud you brain dead righties, BANK FRAUD!!

[-] 4 points by inclusionman (7064) 1 year ago

Action : Wall st must pay to fix Main st

Robin hood tax rally

https://www.facebook.com/events/304925762966633/

[-] 2 points by WSmith (1634) from Cornelius, OR 1 year ago

I think the DOJ prosecutor for the WS heist resigned!

I wish they would give the position to NADER!!!!

[-] 3 points by inclusionman (7064) 1 year ago

That would momentous. Even Spitzer would do a good job.

[-] 2 points by WSmith (1634) from Cornelius, OR 1 year ago

That's why they took Spitzer out, he would be great, and he seems to have left his media shows for "another" project... hmmm

[-] 3 points by inclusionman (7064) 1 year ago

Something like that. Specifically, Spitzer was so thorough in going after Wall st oligarchs he investigated personal lives. As such they felt he went beyond a line & went after his personal life.

So....... there you go.

[-] 2 points by WSmith (1634) from Cornelius, OR 1 year ago

Spitzer went after WS criminals so they "Clintoned" him. http://www.client9themovie.com/

[-] 3 points by inclusionman (7064) 1 year ago

Exactly. Spitz should have known they would cross the line. They are ruthless.

[-] 2 points by WSmith (1634) from Cornelius, OR 1 year ago

Political push-back from the 1% criminal right is of course expected. It's the IMPUNITY and PUBLIC DECEPTION that continues to surprise opponents to the 1% Cons. If they committed a fraction of the transgressions, atrocities, corruption and scandals the Cons commit, it would be covered by the MSM ad nauseum and they'd be shipped to GITMO! Cons commit fraud, theft and murder in plain sight, and go on to elect and exalt their criminals as heroes.

[-] 4 points by inclusionman (7064) 1 year ago

It's true. Hypocrites, holier than thou lyin fucks.

[-] 2 points by WSmith (1634) from Cornelius, OR 1 year ago

There's still time, I think, to prosecute the Cheney Administration!!

[-] 4 points by inclusionman (7064) 1 year ago

But time IS running out.

[-] 2 points by WSmith (1634) from Cornelius, OR 1 year ago

Unfortunately

[-] 4 points by WSmith (1634) from Cornelius, OR 1 year ago

I hear you've been twinkling yourself. You know you'll grow hair on your palms if you continue?

Flaming Lips on Letterman!!!!!!!!!!!!

[-] 4 points by inclusionman (7064) 1 year ago

You hear incorrectly, I am not twinkling myself, but there are some who watch for excessive stinkle (or respond to alerts) and readjust as necessary.

I won't mention names as it opens them up to vicious attacks but if you ever want to annoy the number counting, libertarian closet repubs I'm sure something can be arranged.

[-] 1 points by WSmith (1634) from Cornelius, OR 1 year ago

Open them up to attacks!!

[-] 3 points by inclusionman (7064) 1 year ago

I guess they don't like my constant support for progressive/occupy issues, and continued challenging of libertarian/conservative ideology.

[-] 0 points by WSmith (1634) from Cornelius, OR 1 year ago

I think libertarianism was developed by the John Birch Society: http://en.wikipedia.org/wiki/John_Birch_Society , which was totally disgraced by the 70s.

And the Koch Bros are the product.

[-] 3 points by inclusionman (7064) 1 year ago

Oh yeah, one of those Kochs ran for vice president as a libertarian in the 80's, lost of course, then refocused their energies/money on creating astro turf groups to further the cutting govt, cutting taxes on the wealthy, cutting regulation ideology.

We all know that resulted in the crash of 2007/8.

They are corp 1% oligarchs working hard to help the corp 1% oligarchs.

[-] 0 points by WSmith (1634) from Cornelius, OR 1 year ago

Out of sight out of mind. In the 70s the JBS was a punch line, and totally disgraced.

[-] 3 points by inclusionman (7064) 1 year ago

I still think of them as a punch line.

[-] 0 points by WSmith (1634) from Cornelius, OR 1 year ago

They used Raygun as a Trojan Horse into OUR government... not very funny.

[-] 3 points by inclusionman (7064) 1 year ago

He was an excellent salesman.

unfortunately he sold trickle down & weak regulations.

[+] -5 points by OTP (-203) from Tampa, FL 1 year ago

you really like isms dontcha?

[-] 3 points by inclusionman (7064) 1 year ago

You offering a defense for the Kochs and libertarianism? Or just Koch blocking for cover?

LOL

[-] -3 points by OTP (-203) from Tampa, FL 1 year ago

I just get a kick out of you guys comparing libertarianism to the actions of people like the Kochs. Like comparing liberalism to the actions of Obama. Doesnt make much sense, and really just makes the site look like amatuer hour.

Have fun debating with yourself (inclusionman/wsmith) for the next couple hours.

[-] 4 points by inclusionman (7064) 1 year ago

David Koch ran for vice president on the Liertarian ticket against Reagan in 1980.

http://kochwatch.org/?q=node/1625

David Grimm-Koch’s Run For Vice-President! The Platform? All Social Programs Will Destroy Freedom!

The Grimm-Koch brothers used to work behind the scenes, until 1980, when David Koch ran for vice-president on a ticket that included Ed Clark as the Libertarian presidential candidate. They ran against Ronald Reagan and their ticket promised to abolish:

Social Security the Federal Reserve Board welfare the minimum wage corporate taxes the SEC the EPA the FTC OSHA the FBI the CIA the Dept of Energy public schools

You should stop protecting the enemies of the 99%. The are unashamed Libertarians.No one who has any knowledge is gonna believe your dishonest distractions on this fact.

And trying to twist Kochs and/or Libertarianism into your usual Obama bashing is laughable.

What mistakes/failures/compromises with conservatives he has made the Pres is not pretending to be a liberal..

LOL

[+] -4 points by OTP (-203) from Tampa, FL 1 year ago

No shit he;s not a liberal. But he ran as one.

David Koch is about as much of a libertarian as Obama is a liberal. Both are simply using an ism for their own gain, while the real libertarians and liberals dont want anyhting to do with either of em.

Are you a bit slow? Are you really not seeing this?

And your effort in occupy is appropriate, because there are a lot of anarchist/libertarian views in occupy, and you shouldnt write people off so easily who slept out in the cold to draw attention to the banking cartel and bought out politicians. They showed they are down for the cause, and should be treated as such.

[-] 4 points by inclusionman (7064) 1 year ago

Oh Please. I've been fightin the good fight for 40 years. I don't need to prove anything to anyone, and I don't use my efforts as a means to get respect.

Our position on the issues is ALL that matters. Our claims of action is not provable on an anonymous forum.

In so far as Occupiers go. I salute all. As I have personally. I embrace the progressive goals that I continue to see this great movement nurture and fight for.

What Libertarian views or goals do you think occupy holds or pushes.?

[+] -4 points by OTP (-203) from Tampa, FL 1 year ago

Wow, you are one dumb freak.

Where on earth did anyone make the comparison of the Kochs to Obama?

The kochs are about as close to the libertarians I met in occupy as Obama is to the liberals I met in occupy.

In other words, each claims to be something, when in reality, they are perverted versions of each.

But then again, you didnt really do too much in terms of occupy, so I dont expect much thought on these things.

Keep reacting.

[-] 3 points by inclusionman (7064) 1 year ago

My personal effort in occupy is not an appropriate subject.

The Kochs ARE the Libertarian movement in this country. Your weak pathetic efforts to cover that up with ignorant distractions is transparent and laughable.

Pres Obama is NOT a liberal, what moron thinks that. YOU?

More ignorance. you just never get it right.

[-] 3 points by WSmith (1634) from Cornelius, OR 1 year ago

Koch Sucker-ism!

A failure in humanity!

[+] -5 points by OTP (-203) from Tampa, FL 1 year ago

A bit early for all this handle switching dontcha think?

[-] 2 points by WSmith (1634) from Cornelius, OR 1 year ago

Don't you have sidewalks to chalk?

[-] -3 points by Builder (4202) 1 year ago

There's a river somewhere with your name on it, imagine40/VQ

It's called denial. Keep voting yourself up. and there will be repurcussions.

[-] 4 points by inclusionman (7064) 1 year ago

Is that a threat you homophobic, states rights, pro nuke little shit?

You gonna engineer another childish, unfounded, personal attack against me.?

Your lies don't phase me motherfucker!! And you cannot stop me from posting honest, pro occupy, info/action items everyday, by the dozens!!!!

Resistance is futile, jealous, little spoiled brat.

BTW this thread compiles all the stories of bankster criminality.

http://www.bizjournals.com/southflorida/blog/picking_up_the_pieces/2013/04/td-banks-rothstein-ponzi-settlements.html

http://articles.economictimes.indiatimes.com/2013-04-02/news/38218155_1_credit-union-regulator-royal-bank-deutsche-bank

There are constant settlements (no perp walks!). I post as many as possible amongst my frequently hundreds of posts a day. THAT is why my karma points go up.! You jealous little moron!

Try to stay on topic. Or is it that you support the banksters over the decent hard working American borrowers who were defrauded?

I seem to remember we were at different sides on that argument.

Well take the time to read through the excellent links that prove it wasn't the borrowers but your bankster fucks who created the crash.

And then take a stand you shallow, vain little child!!

[+] -4 points by Builder (4202) 1 year ago

With every post, you nail yourself to the ground, VQ.

Try and get a handle on your anger management.

And remember, if you feel like going wild with upvoting your spam, we are all watching you.

[-] 4 points by inclusionman (7064) 1 year ago

Who are you speaking for?

MY anger management? MY spam???? You spent 2 hours yesterday ranting against me with Spam and lies. You didn't stop until the mods started removing your inappropriate, offensive, angry comments.

They're still working on removing the rest. They have not removed mine.

So yeah someone is watching. So far they see clearly. I will continue posting honest on topic info/action items that supports the 99%.

You will continue with your dishonest, childish, spam harassment because that's why you come here. Not to contribute but to attack & divide.

Heres another nugget of bankster criminal evidence.

http://www.charlotteobserver.com/2013/04/04/3957728/judge-to-consider-24b-bofamerrill.html

You never discuss the topic. You support the bankster fucks?. Is that who is watching? Your bankster paymasters?. Is that why you never comment against the banks.? Are you here to engineer support for banksters?

[+] -5 points by Builder (4202) 1 year ago

Careful buddy. That heart might pop a valve.

[-] 4 points by inclusionman (7064) 1 year ago

Why? You think this is exciting me.? No. You justcan't address the issues I brought up so you engage in weak, pathetic distraction.

banksters criminality!!!???? Borrowers innocent????

You lack of comment on bankster crimes indicative of you engineering support for your paymasters.??

And yet another bit of bankster crime.

http://www.forbes.com/sites/halahtouryalai/2013/03/08/bank-of-americas-mortgage-tab-42b-and-counting/

Forget me, take a stand on your friend skank of America.

[-] -2 points by Builder (4202) 1 year ago

Your "issues" are attention seeking garbage.

Your raison d'etre is more attention seeking.

I shudder to imagine what kind of upbringing you suffered.

I'd feel sympathy for you, if only you'd admit that you are suffering.

[-] 3 points by inclusionman (7064) 1 year ago

You are still avoiding the issues, and instead you try to twist the conversation to inappropriate personal attacks.

Why can't you understand that this forum is not a social networking facebook type site.

The serious people should be focused on disseminating honest information, discussing the pros and cons, and encouraging action.

Not engineering personal attacks designed to divide and stop those good efforts.

Are you outraged or pleased that banksters haven't done time.?

http://thehill.com/blogs/regwatch/finance/286809-lawmakers-grill-regulators-on-lacking-bank-prosecutions

Put your illogical, unfounded hate aside and take a stand.

[-] 1 points by 99nproud (2697) 3 months ago
[-] 3 points by inclusionman (7064) 1 year ago

Study Prof Wolff He rules

http://rdwolff.com/

[-] 1 points by WSmith (1634) from Cornelius, OR 1 year ago

Good stuff.

[-] 4 points by inclusionman (7064) 1 year ago

yes

[-] 0 points by WSmith (1634) from Cornelius, OR 1 year ago

Copy that

[-] 2 points by inclusionman (7064) 1 year ago

Bumpin' up a great post!

[-] -1 points by WSmith (1634) from Cornelius, OR 1 year ago

Some yappers on the Nevada 1 post are talking smack about VQ, the usual peanut gallery mutual masturbation.

[-] 2 points by inclusionman (7064) 1 year ago

Small minded people who prefer fighting over login names rather than discussing the issues that affect the 99%.

Comic relief at the very least.

[-] -1 points by WSmith (1634) from Cornelius, OR 1 year ago

puny!!

[-] 2 points by inclusionman (7064) 1 year ago

"Puny humans!" H

[-] 0 points by WSmith (1634) from Cornelius, OR 1 year ago

Gremlins!

[-] 2 points by inclusionman (7064) 1 year ago

LOL! Gremlins in guccis!

http://www.creators.com/opinion/froma-harrop/the-volcker-rule-beware-gremlins-in-guccis.html

Great choice of words. I remembered this anti bankster fin reform story that relates to the thread AND equates repubs (& their bankster lobbyists) as Gremlins.

What fun.

LOL.

[-] 3 points by VQkag2 (16478) 1 year ago

And the banksters are still walking around like they did us a favor.

I suppose they are very proud that they got away with it.

And they did.

[-] 0 points by WSmith (1634) from Cornelius, OR 1 year ago

They know that their MSM will never reveal their abject guilt!!

If people knew, things would change!

[-] 3 points by VQkag2 (16478) 1 year ago

If ENOUGH people knew.!

And that's what we are doin, tryin to inform more and more people.

THAT is what the good fight is right now. Informing the masses of this crime against the 99%

[-] 1 points by WSmith (1634) from Cornelius, OR 1 year ago

Tweet that shit mother fucker!!

We have 1% of 1% of 1% of America paying even the slightest bit of attention here. But it's free, international, and somewhere along the line it went Google, so it's not chopped liver! I Google and find my shit, I don't need to Google for that, he he...

[-] 3 points by VQkag2 (16478) 1 year ago

LOL. You're outta control.

[-] 0 points by WSmith (1634) from Cornelius, OR 1 year ago
[-] 2 points by inclusionman (7064) 1 year ago

And the greedy, selfish, mentality of libe(R)tarians/conservatives.

Bastards!

[-] 2 points by inclusionman (7064) 1 year ago

Here are the prosecutors providing their weak defense for NOT criminally prosecuting wall st criminals.

http://articles.washingtonpost.com/2013-01-30/politics/36623843_1_criminal-cases-hsbc-case-prosecution-agreement

[-] 1 points by WSmith (1634) from Cornelius, OR 1 year ago

Lets hope his replacement has justice as a priority. If you saw him on TV, you have to wonder how he lasted this long. Sleaze incarnate!

Let's also go after the Credit Reporting Agencies who are screwing us all the time:

http://www.cbsnews.com/video/watch/?id=50140748n

[-] 3 points by inclusionman (7064) 1 year ago

Cr agency abuse is a huge issue. A bludgeon used against the 99% by the monied interests.

End that scam now!

[-] 1 points by WSmith (1634) from Cornelius, OR 1 year ago

Check: 40 Million Mistakes...

[-] 2 points by inclusionman (7064) 1 year ago

They should be fined for every mistake.

[-] 2 points by WSmith (1634) from Cornelius, OR 1 year ago

These are just the reported ones.

Most people don't know why they didn't get the Sears Card, the apartment, or the job!!!

[-] 3 points by inclusionman (7064) 1 year ago

Indeed. It is a powerful tool against the working/middle class 99%.

[-] 0 points by WSmith (1634) from Cornelius, OR 1 year ago

The peonage of our times.

[-] 3 points by inclusionman (7064) 1 year ago

Agreed.

[-] 3 points by inclusionman (7064) 1 year ago

You are correct republ obstruction remains. I think the best way for us to battle them is to contribute to the tea party/Rove rift that has emerged.

[-] 1 points by WSmith (1634) from Cornelius, OR 1 year ago

Can't hurt.

We need to enlarge our electorate and our pathetic turnout, petition our reps and institute Instant Runoff Voting. This will make Third Parties viable, and make the RepubliCons UN-viable (correction). Cons only win by cheating and it would be next to impossible with three parties.

[-] 3 points by inclusionman (7064) 1 year ago

exactly. We don't here about solutions that might alleviate this burden on the 99%.

Force banks to abolish 1/2 the principle of old cr card debt ofthe 99%. Anolish fees and penalties previously charged, cap interest rates at 9% for working class, cut fees & penalties .

Or create a govt, non profit banking system for the working class and refinance all that crippling cr card debt we are burdened with.

Just throwin ideas out there. Don't wanna be accused of not proposing solutions.

[-] 1 points by WSmith (1634) from Cornelius, OR 1 year ago

How about a massive Re-Empolyment Plan ala FDR?!l

See Frontline "Cliffhanger" on now.

[-] 2 points by inclusionman (7064) 1 year ago

Massive re employment plan is needed.

I heard infrastructure jobs, Green jobs, Housing efficiency jobs, I remember a veterans jobs bill, There is a min wage increase proposal which will create economicgrowth, and I heard tax reform to bring jobs back to America.

These proposals would be an excellent 1st step.

Republicans will fight tooth and nail & obstruct every item.

[-] 0 points by WSmith (1634) from Cornelius, OR 1 year ago

The path to progress lies before us, but there are deliberate GOP obstructions. We must remove the GOP obstructions in order to proceed!

LET'S GET BUSY!!

[-] 2 points by inclusionman (7064) 1 year ago

The victims of bankster crimes victimized again.

http://truth-out.org/news/item/15826-on-the-news-with-thom-hartmann

[-] 0 points by WSmith (1634) from Cornelius, OR 1 year ago

Another excellent article by Thom Hartmann ( http://www.thomhartmann.com/ )!

[-] 2 points by inclusionman (7064) 1 year ago

Thom Hartman always spot on.

[-] 2 points by inclusionman (7064) 1 year ago

Dimon perp walk! Dimon perp walk!!

http://www.reuters.com/article/2013/04/15/us-jpmorgan-madoff-idUSBRE93E11E20130415

I can dream, can't I?

[-] 2 points by inclusionman (7064) 1 year ago

More bankster giveaways.

http://www.truth-out.org/opinion/item/15718-wall-streets-climate-finance-bonanza

And these are climate finance related.

[-] 2 points by inclusionman (7064) 1 year ago

Occupy sues SEC TODAY, See the brief here.

http://www.occupythesec.org/files/Complaintpressrelease.pdf

[-] 2 points by DKAtoday (23978) from Coon Rapids, MN 1 year ago

SWEET - a rolling jubilee to support such things would be gr8.

http://www.occupythesec.org/files/Complaintpressrelease.pdf

TWEETED

http://www.occupythesec.org/files/Complaintpressrelease.pdf SEC being sued? What do you think of this? Pls - SHARE/CIRCULATE

[-] 2 points by inclusionman (7064) 1 year ago

Ii think also emails to news papers/channels as well!

Maybe they will get off their fat lazy asses and print/run the story.

[-] 2 points by DKAtoday (23978) from Coon Rapids, MN 1 year ago

They will - with their own spin of course - if enough people shame them for non-coverage.

[-] 3 points by inclusionman (7064) 1 year ago

Time to at least implement the approved Volcker rule.

I have to be honest and say that it is weak fin reform, but it has to be implemented and then the effort to build on it can continue.

[-] 2 points by DKAtoday (23978) from Coon Rapids, MN 1 year ago

Yep - they repealed the real teeth - Glass/Stegal - and replaced it with the very watered down Volcker BS - the least they could do is enforce the weak pathetic thing.

[-] 2 points by inclusionman (7064) 1 year ago

The banksters have succeeded at delaying because there is something to it. Just a little bit of something, but we gotta move on. get past this delay. Build real Glass Steagalish reform.

The govt agencies involved should be shown to be submitting to those bankster forces. That may be the best part of this suit.

Proof to more people that the govt is bought and paid for.

I assume the case is weak, but news coverage could spur opposition and activism.

It's a long shot. But it IS action, on the street, and this forum can serve the role of annoying the newsservices, or politicians.

A bridge if you will.

[-] 1 points by DKAtoday (23978) from Coon Rapids, MN 1 year ago

A bridge if you will.

LOL

The Banksters are in a position of blackmail for good behavior ( not completing the crash ).

That is what the wallstreet & government would like the public to believe anyway.

Nope they could be taken over today and the chief operators given the Bernie Madoff Makeover. And never once be shut down from trading.

[-] 3 points by inclusionman (7064) 1 year ago

That's right. The banksters are still at the top of the pyramid that has created a population of indentured servants.

They must be broken up. They are a collusionary monopoly, a 'trust' as it were. We need to loosen their control. Minimize their power, and create real competition with consumer unions/state public banks.

[-] 2 points by DKAtoday (23978) from Coon Rapids, MN 1 year ago

Break em up ( down ) reorganize the toxic debt and eliminate it ( vanish/cancel the toxic product ) as that money never was - just the initial payments made on it were ever real. The surviving pieces can remain in operation under supervision until restructured and operating as they should always have been.

[-] 3 points by inclusionman (7064) 1 year ago

Without a doubt whenever elections occur we must retire pols not responding to our demands.

We got 20 months until the next one.

I propose we, protest, sue, petition, call, letter write, strike, boycott, agitate existing pols for change until then.

All these actions will make us a force to be reckoned with when the election rolls around.

[-] 1 points by DKAtoday (23978) from Coon Rapids, MN 1 year ago

Communications are essential - nothing happens in a vacuum.

[-] 3 points by inclusionman (7064) 1 year ago

Seems to me that proves they knew, and that is the measure of fraud.

But you and I always knew that the banks OWN our govt. That is why they aren't charged.

WE must show through massive protests that we are more powerful than bankster campaign contributions.

https://www.facebook.com/events/430103790398641/?ref=14

[-] 1 points by DKAtoday (23978) from Coon Rapids, MN 1 year ago

We must unite and remove from office all who are not doing their elected duty to the constitution - we need to unite and support such movements as The Move To Amend campaign. The people need to get involved and stay involved.

[-] 3 points by inclusionman (7064) 1 year ago

And just today I saw something about chase mtg emails showing they knew the "products" were toxic.

http://www.aol.com/video/emails-suggest-jpmorgan-chase-hid-mortgage-flaws/517666713/

[-] 1 points by DKAtoday (23978) from Coon Rapids, MN 1 year ago

Exactly why the president is wrong in stating that they did nothing illegal - fraud and collusion are not new items - they already exist in the law books.

[-] 3 points by inclusionman (7064) 1 year ago

Something! anything!. Instead of the same old shit we've been subjected to.

[-] 1 points by DKAtoday (23978) from Coon Rapids, MN 1 year ago

Consider - each toxic bundle sold was a bundle of fraud charges for the seller of the toxic instrument.

Consider the full value of said toxic instrument/bundel is only realized as each property in the bundle matures ( is successfully paid for by the initiator/customer of the loan ).

So if these instruments are canceled as far as to any future value or payment - then the only thing the customer who was sold the fradulent bundle/instrument is out - is the purchase money that was actually transferred for the purchase. This purchase money can be repaid to the defrauded customers by the defrauding Banksters. Not money given to the criminals by the government to keep em afloat.

[-] 0 points by DKAtoday (23978) from Coon Rapids, MN 1 year ago

And gasoline is the new power health drink. HAH

That is part of how Greenspan and others got this mess launched in the 1st place - self regulating - F'n assholes and chumps who went along with it.

[-] 2 points by inclusionman (7064) 1 year ago

We should sue them. Oop, I guess we are. heh heh.

[-] -1 points by DKAtoday (23978) from Coon Rapids, MN 1 year ago

Sue Every department/institution that is not doing it's mandated job.

[-] 2 points by inclusionman (7064) 1 year ago

Just for the publicity.

[-] 0 points by DKAtoday (23978) from Coon Rapids, MN 1 year ago

Yep - if all it ever gets - in the 1st place - is publicity - that will be a step forward in getting the public aware of vast problems that they need to unite and confront/address.

[-] 2 points by inclusionman (7064) 1 year ago

I swear it is something. Slow progress. Awareness, informing people.

Even a failed lawsuit can incite outrage and protests, anything can be the pebble that starts an avalanche.

[-] 0 points by DKAtoday (23978) from Coon Rapids, MN 1 year ago

Yep - and the avalanche has been building and the idiots in office and in MSM have shown a tendency to shoot themselves in the foot. The avalanche will happen the dam will burst - I just am working to see that happen ASAP before the environment is totally fucked and most all life ( above the level of bacterial or cockroach ) is irrevocably screwed unto death.

[-] 3 points by inclusionman (7064) 1 year ago

And allow me to be so bold as to suggest that Occupy itself (as a group) is the leader that millions of people, & many progressive groups are following.

No one person. We as a radical group are leading the country back towards the agenda that serves the 99%.

[-] 0 points by DKAtoday (23978) from Coon Rapids, MN 1 year ago

Many people are looking to OWS and all of Occupy for direction and the GR8 thing is - no one is trying to be the power - nope - just trying to shine a light in the darkness.

[-] -1 points by DKAtoday (23978) from Coon Rapids, MN 1 year ago

Yes - we need not have a leader - unless that leader is the ideal - the ideal of a country that supports it's population environment and the world in which all live. Getting out the truth is the leadership all the leadership OWS Occupy needs - that as well as showing healthy viable alternatives that can be instituted today - then let the public join us in our protest. With a healthy path for change and growth available to put in place.

[-] 0 points by WSmith (1634) from Cornelius, OR 1 year ago

Not a lawyer but, I would want to sue the deep pockets who are pushing these delays via K-Street! But I'm not a lawyer.

[-] 2 points by inclusionman (7064) 1 year ago

Blacks targeted by Criminal banksters in the subprime scam that crashed the world economy.

http://truth-out.org/buzzflash/commentary/item/17830-blacks-decimated-by-wall-street-subprime-mortgage-scam-income-disparity-with-whites-triples

Banksters not borrowers are the criminals

FYI

[-] -1 points by WSmith (1634) from Cornelius, OR 1 year ago

The Sub-prime scheme, distant relative to the old Red-line Practice. Dirty filthy bigoted exploitative robbery and fraud, just the same. Unfortunately, in most of these cases, they changed the laws to make these crimes legal.

[-] 2 points by inclusionman (7064) 1 year ago

And that is the real power the 1% wield! Owning the govt, rigging the laws/system to benefit them & hurt the 99%.

Strong regulation. Real fin reform (not this weak crap repubs have been delaying)

[-] 0 points by WSmith (1634) from Cornelius, OR 1 year ago

And an informed, active and participating 99%, or the 1% will continue to exploit, harvest and defeat our government and us!!

[-] 3 points by inclusionman (7064) 1 year ago

An informed, activist citizenry is definitely required. Without it we are doomed to failure and eternal subjugation by the corp 1% oligarchs.

[-] -1 points by WSmith (1634) from Cornelius, OR 1 year ago

Let's push for standards, regs and the end of monopoly in News Media!!

[-] 3 points by inclusionman (7064) 1 year ago

I support breaking up news conglomerates and removing the advertizing model from the equation. And certainly stronger standards, regs and end of monopoly as well.

[-] 2 points by inclusionman (7064) 1 year ago

Even if the suit is weak or fails, if we can get real publicity we will add to the outrage and hopefully incite more activism.

[-] 0 points by WSmith (1634) from Cornelius, OR 1 year ago

Anti-1% publicity?? Where, on 1%-owned MSM?? .000002% followed OWS Forum?? On 9% followed PBS?? Where???

[-] 2 points by inclusionman (7064) 1 year ago

not a peep so far, & I emailed many msm newssources.

I think critical mass emails to news sources/politicians etc might create a buzz.

that's something we could do.

activism in coordination with the street.

the much vaunted 'bridge to the street'

[-] 0 points by WSmith (1634) from Cornelius, OR 1 year ago

I'm still looking for a webmaster to help me do the Occupy Congress Mail site.

[-] 2 points by inclusionman (7064) 1 year ago

Would that be an email list of all congresspeople.?

[-] 0 points by WSmith (1634) from Cornelius, OR 1 year ago

They don't read emails, they delete them.

Postcards, remember?

[-] 2 points by inclusionman (7064) 1 year ago

Oh yes. Good idea. I wouldn't doubt the delete or ignore emails, but I usually get a response.

I do support any correspondence w/ Congress. Usually the numbers aren't enough but every so often something gives band there is an affect.

[-] 1 points by WSmith (1634) from Cornelius, OR 1 year ago

Floods of postcards!

[-] 3 points by inclusionman (7064) 1 year ago

That can have an affect. After almost a year of opposition house repubs will put the senate version of VAWA up for a vote today. I'm sure the massive pressure campaign by many progressive groups contributed to their cave in.

It matters.

http://www.washingtonpost.com/politics/house-to-vote-on-violence-against-women-act-measures/2013/02/27/53837910-8121-11e2-a350-49866afab584_story.html

[-] 1 points by WSmith (1634) from Cornelius, OR 1 year ago

The RepubliCon War on Women! ~ Class War on the Gender Front!

[-] 2 points by inclusionman (7064) 1 year ago

True "The RepubliCon War on Women! ~ Class War on the Gender Front!"

But they are losing this battle and women and ALL the 99% win.

[-] 0 points by WSmith (1634) from Cornelius, OR 1 year ago

Let's hope so. Got to remember, conventional, and even better, wisdom always thinks these wacky RW causes/attacks/hysterics are loss leaders until all of a sudden they capture congress, the WH or SCOTUS or all three!! And then we have to waste a couple of decades fixing all their mess instead of advancing into progress with the rest of the world!

[-] 2 points by repubsRtheprob (1209) 1 year ago

New Bank strategies to make us indentured servants.

http://www.nytimes.com/2013/02/24/business/major-banks-aid-in-payday-loans-banned-by-states.html?partner=yahoofinance&_r=0

There is a reason payday loans are banned. It's Criminal.

FYI

[-] 0 points by WSmith (1634) from Cornelius, OR 1 year ago

Say it ain't so!! The "loansters" were backed by the "Banksters" and they went ONLINE!!! They wouldn't do that... Would they??

[-] 2 points by repubsRtheprob (1209) 1 year ago

Yeah they would, & they have.

here they claim they're gonna stop. (jus' one mo hit man! I cn stop anytime)

http://www.nytimes.com/2013/02/27/business/jpmorgan-chase-vows-to-fix-payday-loan-practices.html?_r=0

[-] 1 points by WSmith (1634) from Cornelius, OR 1 year ago

When can we get JD and friends rooms with views of Bernie Madoff??

[-] 2 points by repubsRtheprob (1209) 1 year ago

The banksters still own our govt. I think it is unlikely but all we can do is pressure all pols to criminally prosecute them.

[-] 1 points by MattLHolck (16833) from San Diego, CA 1 year ago

Federal regulators have reached settlements with two major Wall Street firms and a British lender requiring the companies to pay more than three-quarters of a billion dollars to resolve claims over “deficient practices in mortgage loan servicing and foreclosure processing.”

The agreements settle enforcement actions brought by the Federal Reserve and the Office of the Comptroller of the Currency and are similar to the $8.5 billion in settlements reached earlier this month with ten other mortgage servicing companies. With the latest agreements, mortgage companies have been hit with more than $35 billion in fines and settlement costs related to the types of improper notarization and document signing practices at the heart of the “robo-signing” crisis.

2012 US budget 3,800 billion (enacted)

private industries have much more

[-] 2 points by MattLHolck (16833) from San Diego, CA 1 year ago

those numbers are real

they didn't make them up

[-] 2 points by repubsRtheprob (1209) 1 year ago

Disgusting and outrageous.

[-] 1 points by MattLHolck (16833) from San Diego, CA 1 year ago

that site requires login to read

[-] 3 points by inclusionman (7064) 1 year ago

Damn paywalls. I will search for a free version. Couldn't here is the cut n paste version.

By CHAD BRAY

Prosecutors have reached tentative agreements with five former stock brokers and day traders who were facing a criminal trial for the third time on allegations they misused brokerage-firm "squawk boxes" to gain an improper advantage in trading, according to people familiar with the negotiations.

The group, which included three former brokers who worked for Merrill Lynch & Co., Smith Barney and Lehman Brothers Holdings Inc., were facing a third criminal trial after winning last year a reversal of criminal convictions from a federal appeals court that ruled the government withheld important witness testimony from the defendants. They had been convicted of criminal conspiracy at a second trial in 2009 after the first trial two years earlier ended in a partial verdict.

The case, which was originally brought by federal prosecutors in 2005, was an important one at the time when regulators were scrutinizing possible "front running" on Wall Street, when traders improperly trade ahead of big-market- moving orders from clients, including institutional clients.

In a court filing earlier this week, federal prosecutors in Brooklyn indicated they had agreed to resolve the criminal cases against at least four of six defendants and were waiting for the Securities and Exchange Commission to approve a settlement in a separate civil case before finalizing a deal with a fifth defendant.

Prosecutors said they hope to "fully" resolve the case within the next 45 days, according to their letter.

The defendants would enter into deferred-prosecution agreements, in which they would avoid criminal prosecution if they stay out of trouble for three years, according to people familiar with the discussions as well as a copy of one defendant's proposed agreement reviewed by The Wall Street Journal.

It would have been unusual for prosecutors to seek a third trial in the matter, particularly given the allegations of government misconduct in the case.

For example, federal prosecutors in Manhattan reached a deferred-prosecution pact with former star technology banker Frank Quattrone in 2006 after his first trial ended in a mistrial, and his conviction following a second trial was reversed.

The defendants are: Robert Malin, former president of defunct day-trading firm A.B. Watley Inc.; Kenneth Mahaffy, a former broker at Merrill Lynch and Smith Barney; David Ghysels Jr., a former Lehman Brothers broker; Linus Nwaigwe, Watley's ex-director of compliance; Keevin H. Leonard, who at one time supervised and trained Watley's day traders; and Timothy O'Connell, a former Merrill broker.

Mr. Malin is the one defendant who hasn't reached a deal with the government. "Mr. Malin hopes to resolve his open case with the government on terms comparable with his co-defendants," said Roland Riopelle, a lawyer for Mr. Malin.

The government alleged that the former securities brokers and former managers at Watley conspired to use information about pending client orders broadcast internally over speaker systems, known as squawk boxes, to make improper trades.

Prosecutors alleged the brokers placed open telephone lines next to the internal speaker systems at their firms so day traders could secretly eavesdrop on large orders by institutional clients and profit by jumping ahead of those trades.

A separate conviction of Mr. O'Connell for witness tampering and making a false statement remains in place

[-] 2 points by repubsRtheprob (1209) 1 year ago

Ain't it the truth

[-] 0 points by WSmith (1634) from Cornelius, OR 1 year ago

Interesting. It seems like the Feds are very quietly and softly clawing a lot of what was stolen by the Wall Street heist back.

[-] -1 points by WSmith (1634) from Cornelius, OR 1 year ago

What he said!!

[-] 2 points by inclusionman (7064) 1 year ago

More financial crimes resulting in slap on the wrist.

http://www.businessinsider.com/sac-settlement-2013-3

We need more pols willing to break up the banks

[-] 0 points by WSmith (1634) from Cornelius, OR 1 year ago

We need more public knowledge.

[-] 3 points by inclusionman (7064) 1 year ago

Agreed

[-] 1 points by repubsRtheprob (1209) 1 year ago

Not nearly enough money. I'm sure they will come up with a total soon and push it like they've done something.

Until we see dozens of banksters being perp walked all efforts fall short.

[-] -1 points by WSmith (1634) from Cornelius, OR 1 year ago

You have to remember, these Banksters are the retarded nephews and sons in law of the Power Elite, so there won't be any Jamie Dimons perp walking anytime soon unless it could be done under the jurisdiction of a Con who would pardon them.

Like the Feds do with any other bank that screws up and goes tits up, they should have swept in and taken over Wall Street offenders, seized all their assets (domestic and Swiss or Cayman), liquified their brick and mortar (steel and glass) digs, reinstated them in FEMA trailers until all the money was recovered with interest and penalties, then dormitoried them with Bernie Madoff. Meanwhile moving all of Wall Street to Main street strip malls with monitors and auditors implanted permanently.

But instead we got "too big to fail," reminded me of the "National Security Secrets" we got during the Iran-Contra Scandal hearings.

[-] 1 points by MattLHolck (16833) from San Diego, CA 1 year ago

there is no security in secrets

[-] 1 points by repubsRtheprob (1209) 1 year ago

It's disgusting.

[-] -3 points by WSmith (1634) from Cornelius, OR 1 year ago

A lot of stuff is. If there was no bad, there would no good!

Buck up and spread the word.

Silence is the worst betrayal!

[-] 1 points by repubsRtheprob (1209) 1 year ago

This thread has many great links to the settlements we've made with the criminal banksters. I'll keep it up as a small effort to spread the word.

[-] 0 points by WSmith (1634) from Cornelius, OR 1 year ago

Small individually, strong in numbers!

[-] 2 points by inclusionman (7064) 1 year ago

Another criminal wall st corp. Kinda small but indicative of where the problem is, Who the enemies ofthe 99%is. Andwho crashed the world economy.

http://www.ft.com/cms/s/0/82c0097e-d11c-11e1-8957-00144feabdc0.html

And who has yet to go to jail!

[-] -1 points by 99nproud (2697) 3 months ago

Latest wrist slap of banksters

http://www.theguardian.com/money/2014/aug/21/bank-america-settlement-homeowners-help-deal-wait

Perp walks & debt forgiveness for bankster victims required

[-] 2 points by MattHolck0 (1886) 3 months ago

the banks are losing money eyeroll

when will the people get it ?

[-] -1 points by 99nproud (2697) 3 months ago

Bankster Pensions after crashing world economy.

http://www.telegraph.co.uk/finance/financetopics/lehman-brothers/11043795/Lehman-bankers-pensions-to-paid-after-six-year-legal-battle.html

Outrageous. Perp walks, & debt absolution for victims of corrupt banksters.

[-] -1 points by WSmith (1634) from Cornelius, OR 3 months ago

This is what happens when the judiciary get's stacked with CONS!

[-] 0 points by 99nproud (2697) 3 months ago

And when we cede too much power to corps. More pressure on all pols is required.

[-] 1 points by 99nproud (2697) 4 months ago

Latest wrist slap on bankster crimes against the people

http://www.nationofchange.org/citigroup-s-7-billion-wrist-slap-1406209047

Offensive.

Perp walk & jail time,

[-] 1 points by Nevada1 (4849) 4 months ago

Not enough of the USG remaining, to protect the people.

[-] 2 points by 99nproud (2697) 4 months ago

Taking back the peoples government is long overdue.

[-] 1 points by owsarmy (271) 1 year ago

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[-] -1 points by libman (3) 1 year ago

hey vq how is the welfare thing working out for you?

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