SEC busy destroying evidence regarding Wall Street crooks

In this month's Rolling Stone, Matt Taibbi reports that the SEC is busy erasing the past, intentionally destroying entire files from past investigations, many of which would be relevant to investigating recent Wall Street misconduct:

The widespread destruction of records was brought to the attention of Congress in July, when an SEC attorney named Darcy Flynn decided to blow the whistle. According to Flynn, who was responsible for helping to manage the commission's records, the SEC has been destroying records of preliminary investigations since at least 1993. After he alerted NARA to the problem, Flynn reports, senior staff at the SEC scrambled to hide the commission's improprieties. As a federally protected whistle-blower, Flynn is not permitted to speak to the press. But in evidence he presented to the SEC's inspector general and three congressional committees earlier this summer, the 13-year veteran of the agency paints a startling picture of a federal police force that has effectively been conquered by the financial criminals it is charged with investigating. . . . [T]o date, federal and state prosecutors have yet to put a single senior Wall Street executive behind bars for any of the many well-documented crimes related to the financial crisis. Indeed, Flynn's accusations dovetail with a recent series of damaging critiques of the SEC made by reporters, watchdog groups and members of Congress, all of which seem to indicate that top federal regulators spend more time lunching, schmoozing and job-interviewing with Wall Street crooks than they do catching them. As one former SEC staffer describes it, the agency is now filled with so many Wall Street hotshots from oft-investigated banks that it has been "infected with the Goldman mindset from within."

Continue ReadingSEC busy destroying evidence regarding Wall Street crooks

Dylan Ratigan explodes with common sense

Finally, I've discovered a prominent media spokesperson who has the guts to acknowledge that America is faced with a dangerous problem based on mathematical facts, a problem that is fueled by systemic financial industry corruption that thoroughly permeates both major political parties. He argues, loudly, that the first step to deal with this danger is for the President of the United States to take to the bully pulpit and to clearly acknowledge our problem rather than suggesting that the debate is between cutting $2 trillion or $4 trillion, both of which are merely kicking the can a few feet down the road (to 2017). I literally stood up to applauded to my computer monitor after hearing Dylan Ratigan cut through the bullshit and nail this critical issue.

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Finally, someone is out there forcefully saying what needs to be said, with the right idea for a first step. Obama could make up for many of his previous sins if he dared to throw the Hail Mary pass Dylan Ratigan suggests. He needs to tell himself "screw 2017," and begin a campaign based on getting into the faces of all politicians, Democrats and Republicans. He should shout from the highest pulpit to root out electoral/banking/trade/taxation/media corruption and he shouldn't stop talking about this issue of monied political corruption, because there will not be any meaningful debate on any other issue until we dare to admit that private money in politics has completely perverted the political process. As Ratigan states, we shouldn't be talking about $2 or $4 trillion. At least nine trillion, (and see here) and arguably dozens of trillions, as much as $70 trillion, are being siphoned out of the system thanks to the complicity of powerful people and entities that couldn't care less about the future of the United States. During his speeches, Obama should hold up traditional grade school civics textbooks and and then set them on fire because they are full of lies. They do not describe how the system works. Not even closely. The predominant political truth is that Congress is bought and paid for by big monied companies that currently control all three branches of government. Consequently, there are two Americas, and you are not part of the America that pulls any meaningful strings. Your vote is severely limited to support only members of the club of which you are not a member. Skip writing emails to your representatives, because those emails just annoy them. They are trying to work in a whirlwind of D.C. money that turns them into functional psychopaths. Good luck getting any federal agency to pay any attention to the needs of ordinary Americans, whether it be the FCC, the FDA or the SEC. The politicians who treasure the somewhat elevated stature of their jobs know deep down that they need to keep voting to further powerful corporations or else they will be swiftly boated from their jobs. We are in the era of Citizens United, where yes, you have a vote, but your choices have both been pre-ordained, pre-approved. I wish I didn't believe the things I've just written, but I've seen far too much evidence establishing that this country is not run by you and me, despite the popular rhetoric to the contrary. Let's take that first step to force our politicians, especially the President, to admit that we absolutely need to discuss and deal with systemic corruption caused by private money drenching politics. Until then, everything we hear is merely a bunch of hot air dressed up to sound like meaningful conversation.

Continue ReadingDylan Ratigan explodes with common sense

Lt. Dan Choi prosecuted vigorously for protesting

Perhaps you already know the story about Lt. Dan Choi, a gay man with specialized training in Arabic who, for more than a decade, served honorably with the U.S. military, including service in Iraq from 2006-2008. After transferring to the New York National Guard, however, he announced that he was gay on Rachel Maddow's show. He came out very much aware that the law of the land was Don't Ask, Don't Tell, which he appropriately described as "an immoral law and policy that forces American soldiers to deceive and lie about their sexual orientation." After coming out on Maddow's show, Choi received a discharge letter from the military. Choi publicly stated, "It is a slap in the face to my soldiers, peers and leaders who have demonstrated that an infantry unit can be professional enough to accept diversity, to accept capable leaders, to accept skilled soldiers." In 2010, Choi was arrested for demonstrating, as described by Jane Hamsher of Fire Dog Lake:

Choi chained himself to the White House fence on November 10, 2010 to protest DADT. He and 12 others activists were arrested and charged with violating a federal regulation prohibiting “interfering with agency functions,” in this case refusing to obey an order from the National Park Service.
In the eyes of the Federal government, even a man who has given a great deal of his life for his country should never be allowed to embarrass the government by serving as a reminder that a law on the books is evil. Therefore, the trial is about to commence, despite the fact that the judge is perplexed by the severity of the charges. In the meantime, Dan Choi is facing ignominy from another front, set forth in a mass mailing I just received from FDL:

Collection agencies are now demanding Dan pay over $3,000 to the Department of Defense to "make up" for the portion of his enlistment he did not serve after he was thrown out of the Army for disclosing his sexual orientation. That includes seizing his veterans disability checks that he depends on to treat his Post Traumatic Stress Disorder from his service in the Iraq War.

Welcome to modern day America. If this prosecution outrages you as much as it does me, sign the petition at FDL. I'd bet that President Obama, who has severely wavered on his commitment to gay rights, has sufficient political clout to grab a front row seat to Choi's trial, if he would like to become visibly associated with Choi's upcoming trial and punishment. After all, isn't that what Choi deserves for daring to speak out about an injustice? this makes me wonder . . . If Martin Luther King magically returned and was put on trial for civil disobedience in 2011, would Barack Obama stand by in that case too and allow the feds make even more of a mockery of civil liberties? Note: DADT is scheduled to be deemed unenforceable as of September 20, 2011.

Continue ReadingLt. Dan Choi prosecuted vigorously for protesting

Scary News from the Christian Coalition

I did not opt out of the Christian Coalition newsletter mailing list that someone unknown signed me up for some months ago. It helps to keep an eye on what the other side is up to. The Aug 5, 2011 issue includes the following scary observation:

"Critics and supporters of the Budget Control Act ... agree that the Tea Party now controls the agenda in Washington D.C. As one who attended Glenn Beck's Tea Party event last August -- along with over a half million other Tea Party supporters -- when looking at the hundreds of thousands of families near the Lincoln Memorial on Washington D.C.'s Mall, I realized that those families represent the large majority of the American people, as anyone with any kind of commonsense would.

Why in particular do I find this scary?
  • Open admission that The Tea Party (not even an official political party) controls the actions of our legislature. This group is a powerful vocal minority, arguably smaller but richer than the 1980's "Moral Majority."
  • Lack of fact checking: The attendance of the Glen Beck event is well established by several independent sources. They range from Beck's hopeful "300,000 to 600,000" and Michelle Bachman's "at least a million" to several actual counts from aerial photos between 60,000 and 87,000.
  • The massive innumeracy that equates "thousands of families" with "large majority of the American people." Please divide several thousand by hundreds of millions and show that this is somehow more than half. 87,000 / 330,000,000 = 0.00026 or somewhat less than a majority, however you massage it.
  • The implication that the openly theocratic ideals of the Tea Party are somehow related to common sense. Even Thomas Paine's "Common Sense" argued against a government supported by the church (as is England's).
  • And in totality, the tone that says that the oddball ideals of this group are somehow mainstream. They seem hopeful about Lenin's maxim that a lie told often enough becomes the truth. And the Christian Coalition is all about The Truth.

Continue ReadingScary News from the Christian Coalition