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"Criminal and Civil Charges" possible for NY Fed
Prosecuting those who caused the financial crisis would lead to the next logical step: confiscating all the ill gotten gains and returning them to the people. The market went down and the people lost a bundle. The market is now back up and those losses are still in place. But guess who made a bundle on the fluctuation? This must be corrected.
Neal Barofsky dropped a bombshell in an interview with Richard Teitelbaum of Bloomberg.com yesterday. He indicated that individuals at the New York Federal Reserve Bank may be liable for criminal or civil charges. Barofsky is the Special Inspector General of the Troubled Assets Relief Program (SIGTARP).
POWER AND PRIVILEGE VERSUS TRUTH AND JUSTICE
Allen L Roland
The dilemma of today's world is that the pursuit of power and privilege is usually at the expense of truth and justice and therein lies the achilles heal of the power elite and the myths they perpetuate:
A new Rasmussen Reports national telephone survey shows that 54% of Americans lack confidence in the U.S. banking system ~ and rightfully so ! Unfortunately, we have an out of control credit-based financial system whereas power and privilege have prevailed and most certainly at the expense of truth and justice. As to the current SEC indictment, it will most likely result in a whitewash of Goldman and its executives or, at the most, a financial slap on the wrist ~ and, interestingly enough, Goldman hired former Obama White house legal counsel, Gregory Craig, to represent or more likely lobby on behalf of Goldman. Do remember, that Goldman was one of the two top contributors towards Obama's presidential campaign.
Gates’ ”Slavery Blame Game” Misses the Point
Written by Frederick Alexander Meade
In recent days an enormous discussion has taken form within many American quarters, as Dr. Henry Louis Gates has once again weighed in on the question of reparations for African Americans.
The Harvard Professor’s most recent article entitled, “Ending the Slavery Blame Game”, in which Gates produces information regarding those African nations which actively aided European slave merchants during the Trans-Atlantic Slave Trade has functioned to not only broaden the lens in which this tragic event may be viewed, but has also served to explain the complexity in which culpability may be assessed.
National Public Radio's (NPR) Pro-Israeli Bias
by Stephen Lendman
Since established in 1970, NPR ignored its public trust in favor of privilege, corporatism, militarism, imperial wars, and Israel's vilest crimes, including collective punishment, illegal occupation, targeted killings, land theft, dispossessions, home demolitions, crop destruction, mass incarcerations, torture, violence, and the 2008 - 09 Gaza war inflicting mass deaths, permanent injuries, vast devastation, and human misery against defenseless civilians, imprisoned under siege since June 2007, and afflicted by a dire humanitarian crisis as a result - exacerbated by conflict and intermittent attacks, issues NPR ignores or understates.
It's notorious for its biased, shoddy reporting, pseudo-journalism, creeping commercialism, distracting non-news, and deceiving listeners it's public, non-profit, and impartial. Savvy media consumers know better and tune them out for delivering the same slanted coverage found on major networks and in broadsheets like The New York Times, Washington Post, and others - grossly favoring power, and when it comes to Israel it's interests matter. Palestinian ones don't, so news is carefully filtered to distort facts, and report lies that when repeated enough become truths.
Growing Public Anger in America
by Stephen Lendman
The Pew Research Center (PRC) for the People & the Press is "an independent, non-partisan public opinion research organization that studies attitudes toward politics, the press and public policy issues."
On April 18, it published a report titled, "Distrust, Discontent, Anger and Partisan Rancor," saying:
"By almost every conceivable measure Americans are less positive and more critical of government these days." A new PRC survey confirms it, and why not under a "perfect storm of conditions" - a wrecked economy for millions fueling distrust and an "epic discontent with Congress and elected officials" who betrayed them.
Iraq Today: Afflicted by Violence, Devastation, Corruption, and Desperation
by Stephen Lendman
Seven years under occupation, Iraqis still cope with what Refugees International calls "a dire humanitarian crisis that sees huge numbers of displaced (and other Iraqis) struggl(ing) to survive," a situation "for which the US bears special responsibility" but does nothing to correct.
Recent UNHCR figures estimate around 4.5 million refugees, nearly 2.8 million internal ones (IDPs), a third of these in squatter slums in Baghdad, Diyala and Salah al-Din. Many fear returning home. Most are impoverished. Settlements lack basic services, including water, sanitation, electricity, and health care. Education is difficult where available.
Camps are built in precarious places - under bridges, alongside railroad tracks, and near garbage dumps. In 2009, they were ordered to vacate. They remain. The directive was postponed, but they fear eviction with nowhere else to go, and little help for their needs and welfare.
Our Commander-in-Chief Needs Our Support
Jeff Gates
Forget your opinion of Barack Obama. Love him or loathe him, the reality remains unchanged:
we have but one president at a time. And but one commander-in-chief. U.S. national security is endangered—perhaps now more than at any time in history. Both the president and our military leaders are bound by an oath to defend this nation from all enemies, both foreign and domestic. Recent events suggest that, in cooperation with senior military officers, President Obama is battling a cunning and committed adversary. To prevail, he needs public support. Be clear on this point: we were deceived to wage war in Iraq on fabricated intelligence. Only one nation had the means, motive, opportunity and stable nation state intelligence to succeed with such an operation inside the U.S. That same state now seeks to induce our invasion of Iran. Or Pakistan.
Isn’t it About Time to Learn the Lessons of the My Lai Massacre?
Gary G. Kohls, MD
Forty-two years ago this week, on March 16,1968, a company of green, battle-untested US Army combat soldiers from the Americal Division, swept into the Vietnamese hamlet of My Lai, rounded up the 500+ unarmed residents, all unarmed women, children and old men, and efficiently executed them in cold blood, Nazi-style. No weapons or Viet Cong soldiers were found in the village, and the whole operation took only 4 hours.
Although there was a serious attempt to cover-up this operation (which involved a young up-and-coming US Army Major named Colin Powell), those who participated in this “business-as-usual” war zone event did not deny the details of the slaughter when the case came to trial several years later. But the story did eventually filter back to the Western news media, thanks to a couple of courageous eye-witnesses whose consciences were still intact. An Army court-marital trial eventually convened against a handful of the soldiers, including Lt. William Calley and Company C commanding officer, Ernest Medina.
COMPUTERIZED FRONT RUNNING: ANOTHER GOLDMAN-DOMINATED FRAUD
Ellen Brown
While the SEC is busy investigating Goldman Sachs, it might want to look into another Goldman-dominated fraud: computerized front running using high-frequency trading programs.
Market commentators are fond of talking about “free market capitalism,” but according to Wall Street commentator Max Keiser, it is no more. It has morphed into what his TV co-host Stacy Herbert calls “rigged market capitalism”: all markets today are subject to manipulation for private gain.
Keiser isn’t just speculating about this. He claims to have invented one of the most widely used programs for doing the rigging. Not that that’s what he meant to invent. His patented program was designed to take the manipulation out of markets. It would do this by matching buyers with sellers automatically, eliminating “front running” – brokers buying or selling ahead of large orders coming in from their clients. The computer program was intended to remove the conflict of interest that exists when brokers who match buyers with sellers are also selling from their own accounts. But the program fell into the wrong hands and became the prototype for automated trading programs that actually facilitate front running.
Arizona - The hate state?
Mary Shaw
In the past, I never imagined that Arizona was a state full of xenophobic right-wing extremists. But recent events seem to suggest that it is -- at least inside the State Capitol and law enforcement circles.
It was bad enough recently when the State House of Representatives passed a bill that would require all U.S. presidential candidates to show their birth certificates in order to appear on the ballot in Arizona. This was obviously inspired by the long-since-debunked myth that President Obama is not a natural-born U.S. citizen and therefore not eligible for the presidency. Even if that bill were to pass the State Senate and be signed into law by the governor, it would amount to little more than a waste of time and taxpayer money.
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