Why is the New Jersey corruption case even news?
Larken RoseThe smart politician realizes that, if he wants to avoid accusations of "corruption," all he has to do is commit his crimes out in the open, after declaring them to be "legal."
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Corruption
More On High-Frequency Trading
• CNBC.com & Karl DenningerIt is stealing pennies from each share you buy or sell due to an unfair advantage that only certain people have, and what's worse, it certainly appears that in addition to perfectly-legal strategies there are unlawful ones being run as well...
High Frequency Trading Is A Scam
• Market-ticker.denninger.net & NYtimes.comIf you're wondering how Goldman Sachs and other "big banks and hedge funds" made all their money this last quarter, now you know.
Citigroup names former banking regulator to board
• AP[nice work if you can get it] Citi hopes naming of former banking regulator Diana Taylor, Timothy Collins and Robert Joss — which bring the board's total to 17 — will be enough to satisfy critics. CEO Vikram Pandit, who has faced heavy scrutiny, is the only executive remaining on the expanded board.
Treasury Gives Three Major Banks Sweetheart Deals
• Huffington PostLess than two weeks after a congressional watchdog called attention to backroom deals in which the Treasury Department repurchased stock warrants from bailed-out banks at well below market value, three more such transactions have now been reported. The big loser: The US taxpayer.
Jersey Mayors Stung in Graft Probe
• APFN MessageboardMayors, rabbis among 44 held in NJ corruption probe Detroit Free Press - Rick Hampson - 1 hour ago NEWARK, NJ — It's one of the biggest corruption cases in the history of a state that's famous for them: Three mayors, two state legislators and several rabbis were among those charged Thursday in what ...
44 Are Charged in New Jersey-Focused Corruption Inquiry
• The New York TimesThe case apparently began with bank fraud charges against a member of an insular Syrian Jewish enclave centered in the seaside town of Deal, N.J. Eventually, stemming from that arrest, a federal informant posed as a crooked real estate developer offering cash bribes to obtain government approvals — and the case mushroomed into a political scandal that could rival any of the most explosive and sleazy episodes in New Jersey’s recent past.
Michael Hudson interview with Max Keiser: An Epoch of Debt Peonage
• YouTube.com"Well it's indentured servitude, and millions of folks here in America, it looks like they are going to be permanently in debt to Goldman Sachs and these other bankers." Max Keiser
Audit: Abstinence program steered money to director's company
• The AdvertiserThe former chief of the Louisiana Governor’s Program on Abstinence steered thousands of dollars in contracts to an organization she created, and some of the money was paid to her son, according to an audit released Monday.
The $23.7 Trillion Backstop Heist
• ZeroHedge.comRead between the lines and find out just how you, dear taxpayer, are being robbed by the Too Big To Fails and the Reserve Banking System.
Career Suicide for Cap and Trade "Yes" Votes? (Summary of Passage)
• Shelly Rochehttp://bytestyle.tv/node/62
It
comes down to this: Each "representative" that voted to pass Cap and
Trade has violated their Congressional Oath of Office to "well and
faithfully discharge the duties of the office." How on earth can
you--in good faith--fulfill the duties of the office by voting to pass
1500 pages of legislation YOU HAVEN'T READ?!
So here's my own
personal Oath: I do hereby solemnly swear to remove from office every
representative who thinks it's ok to pass 1500 pages of ill-conceived
legislation without knowing what's in it.
Seriously. The gloves are coming off. Who's with me?
TAKE ACTION NOW:
http://bytestyle.tv/node/62
Treasury 'failed' to adopt bailout safeguards for $23.7 trillion
• theHill.com/Neil Barofsky, the special inspector general over the Troubled Asset Relief Program (TARP), will tell lawmakers on Tuesday that taxpayers are being left in the dark about what banks are doing with bailout money...
Denninger: Taxpayers on the Hook for Twenty Four Trillion Dollars?
• Market-ticker.denninger.netBarofsky said that while the TARP program that Congress passed amounts to $700 billion, the total federal government support since 2007 for the economy and the financial sector could reach a far higher figure of $23.7 trillion.
Denninger Savages WaPo Defense of Goldman
• NakedCapitalism.comGoldman and these other banks forced the taxpayer to eat their bad bet - that is, their loss. That $13 billion was in fact unearned - they had no right to it, as AIG was in fact insolvent and they would have collected zero...
D.C. Area Officers Subject of FBI Probe
• Washington Post
Federal authorities are investigating whether a group of Washington area police officers took money to protect a high-stakes gambling ring frequented by some of the region's most powerful drug dealers over the past two years, according to internal police documents and law enforcement sources.
The officers include five veterans in Prince George's County, a District police official and a former D.C. Housing Authority officer. Two under investigation have been spotted on police surveillance outside gambling sites, including one providing security in tactical gear. Witnesses have alleged that others wore police uniforms and drove marked cruisers to gatherings. One was arrested in a police raid outside a game with a handgun.
NOFX SONG - The Decline (VIDEO)
• Youtube User - encer00Great 3 part video produced to the NOFX song, The Decline. If you don't already know, NOFX is a political punk rock band. The video offers many great references illustrating why so much hate (or blowback) is directed at the US. After watching the video ask yourself, if we were in their position would we not react exactly the same?
Max Kaiser slashes Goldman Sachs on French TV (Publisher recommended)
• Ritholtz.com/blog"You can't have a bunch of bankers going to congress for example and saying, we can't audit the Fed, because if you audit the Fed we're going to crash the system so we're holding it hostage. You can't allow that"
Human Traffickers Get Paid By The U.S. Government- May they ROT IN HELL!!!
• American Resistance MovementAt the time of the murders, Melanie Billings and her daughter Ashley Markham owned a used car lot and he owned a company called Worldco Financial Services.
Conservative group offers to sell endorsement for $2M
• Politico
The American Conservative Union asked FedEx for a check for $2 million to $3 million in return for the group’s endorsement in a bitter legislative dispute, then the group’s president flipped and sided with UPS after FedEx refused to pay.
For the $2 million plus, ACU offered a range of services that included: “Producing op-eds and articles written by ACU’s Chairman David Keene and/or other members of the ACU’s board of directors.
Market Manipulation: Goldman's domination of the Principal Program Trading
• Zerohedge.blogspot.com/There is intervention, there is manipulation going on. No one has exact proof of what is going on but it's out there, and the real liquidity has been gone for a while. People don't understand, the liquidity is not coming back."
Denninger: Conspiracy To Hide Bubble-Formation
• Market-ticker.denninger.netShould the public come to believe that the NYSE has turned into nothing more than a gigantic pump-and-dump scheme operated by a handful of banks trading between themselves the consequences could be catastrophic.
Treason? What is that?
• Linda HunnicuttTREASON: A crime that undermines the offenders government disloyalty by virtue of subversive behavior treachery: an act of deliberate betrayal Treason is an act of disloyalty or betrayal of trust to your own government. Examples of treason include assassination of a state figure, fighting against your own nation in a war, assisting enemy combatants, or passing vital government information to the enemy. Historically, treason has been severely punished, because an act of treason can destroy a nation. In the modern day, a conviction of treason is accompanied at a minimum by a long jail sentence and a heavy fine, and may merit the death penalty under certain circumstances.
After Call From Senator's Office, Small Hawaii Bank Got U.S. Aid
• Washington PostSen. Daniel K. Inouye's staff contacted federal regulators last fall to ask about the bailout application of an ailing Hawaii bank that he had helped to establish and where he has invested the bulk of his personal wealth. The bank, Central Pacific Financial, was an unlikely candidate for a program designed by the Treasury Department to bolster healthy banks. The firm's losses were depleting its capital reserves. Its primary regulator, the Federal Deposit Insurance Corp., already had decided that it didn't meet the criteria for receiving a favorable recommendation and had forwarded the applica
Lawsuits Filed After Individuals Wrongly Suspected/Convicted Based On False Dog Alerts
• USA TodayTwo federal lawsuits are casting a harsh spotlight on an investigative tool long beloved by American law enforcement: a bloodhound's nose.
Much like in traditional lineups, the dogs (allegedly) link human scents left at crime scenes to samples from suspects.
In each case, the suits allege, Pikett's dogs called attention to the wrong person. Both former suspects have been cleared.
"This Market Continues to be Propped Up by Govt. Intervention"
• Zerohedge.blogspot.com/Amusing to see the biggest propaganda voice for the administration and General Electric let this one slip. At 2:22 in the video below, Larry Levin discloses the truth about ongoing flagrant market manipulation.
James Howard Kunstler: The Man in the Mirror
• kunstler.com/blog/We were distracted for a while by visions of a pale death angel moonwalking across the deck of collective consciousness. Eerie parallels resound between the sordid demise of pop singer Michael Jackson and the fate of the nation.
Bailout Boondoggle: Goldman Sachs to make record bonus payout
• guardian.co.uk/business/Staff at Goldman Sachs staff can look forward to the biggest bonus payouts in the firm's 140-year history after a spectacular first half of the year...
House Impeaches Federal Judge From Texas
• AP
The House on Friday impeached a federal judge imprisoned for lying about sexual assaults of two women in the first such vote since impeaching former President Bill Clinton a decade ago.
The impeachment of U.S. District Judge Samuel Kent of Texas sets up a trial in the Senate. Kent is the first federal judge impeached in 20 years.
The House approved four articles
Sen. Burris won't face perjury charge
• Washington PostIllinois Sen. Roland Burris will not be charged with perjury for
statements he made before an Illinois House impeachment committee
because there isn't enough evidence to support the charge, the state
prosecutor investigating the case said
Britain Releases Censored List of Their Politician's Expenses
• NY TimesAfter weeks of newspaper disclosures and political turmoil swirling around the expense accounts of legislators, the British authorities finally published their own version of the accounts, but with crucial data blacked out. The dubious expense claims have forced a string of legislators and ministers to quit
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