Matt Taibbi asks: “Why isn’t Wall Street in jail?”

At DemocracyNow, Matt Taibbi discusses why, on Wall Street, Nobody goes to jail."

Every single former investigator or current investigator that I talked to said the same thing: Madoff went to jail because the wrong people suffered. You know, it was famous actors. It was, you know, the glitterati in New York. If these were teachers and firemen and all the usual suspects—you know, look at the—we have a million people in foreclosure in this country right now, and a lot of them are there because of predatory lending and because of this fraud scheme, but there are no criminal prosecutions. I think that’s the reality now, is that we don’t see anybody being criminally targeted unless their victims were powerful people themselves. We have two-and-a-half million people in jail this country, you know, more than a million who are in jail for nonviolent crimes. And yet, we couldn’t find a single person on Wall Street to do even a day in jail for losing 40 percent of the world’s wealth in a criminal fraud scheme? And that tells you that we have—this goes beyond the cliché that rich people have better lawyers and they have an advantage. This is a step beyond that. This is a situation where the system is completely corrupted, and it’s true regulatory capture. The SEC and the Justice Department are essentially subsidiaries of Wall Street.

Continue ReadingMatt Taibbi asks: “Why isn’t Wall Street in jail?”

We Are Not Parts

I’ll admit up front that I’m shooting from the hip here. There are many aspects to what is happening in Wisconsin right now with parallels to several past instances in the country in the fight over workers’ rights, unions, and moneyed interests, but I frankly don’t have the time to research them all right now and get something up before it all comes to a head. Isn’t it interesting, though, that we are collectively cheering what is happening in the Middle East right now and something similar is happening right here and people don’t seem to be paying attention to what’s at stake? I grant you, it’s a stretch. But on principles, not so much. We’re talking about who has the right to speak to power and over what. The protesters in Madison aren’t having their internet access and phone service pulled and it’s doubtful the military will be called in, but on the other hand the Wisconsin state police are being asked to go get the now-labeled Wisconsin 14 and bring them back to the state capitol to vote on something that is clearly a stripping of the right of petition and assembly. So this can become very quickly a constitutional issue and that’s scary, because right now the Supreme Court has been decidedly against workers’ rights. Governor Scott is at least being clear. I’ll give him credit, he’s not ducking questions about what he’s trying to do. Wisconsin, like many states, has a budget crisis. He’s already gotten concessions from the unions, a lot of money. The unions have not balked at doing their civic duty in terms of agreeing to pay cuts, freezes on raises, and some concessions on benefits to help the state meet its budgetary responsibilities. But he’s going further and asking that all these unions be stripped of their collective bargaining abilities in order to make sure they never again demand something from the state that the legislature or the governor believes they don’t deserve. In other words, Governor Scott doesn’t ever want to have to sit down and ask them for concessions ever again—he wants to be able to just take what he wants. [More . . . ]

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The sordid details of the NBC and Comcast merger

Here's how it happened. If you read the entire account by Peter White, you'll be dismayed, though not surprised:

Comcast met behind closed doors with the FCC to map out the future of broadband service and video streaming over the Internet. Anyone who wonders how federal banking regulators got captured by the financial industry, or how lawmakers got neutered by the insurance companies on the health care bill, or how big money is going to buy the next presidential election, should study the Comcast merger. It is a cautionary tale of things gone awry in Washington, where corporate speech is heard and heeded and the voices of actual citizens are ignored.

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Hillary Clinton’s thugs

The following is reprinted with permission from DemocracyNow: This week, U.S. Secretary of State Hillary Clinton gave a major address calling for Internet freedom around the world. As Clinton condemned the Egyptian and Iranian governments for arresting and beating protesters, former U.S. Army and CIA officer Ray McGovern was violently ejected from the audience and arrested after he stood up and turned his back in a silent protest of America’s foreign policy. Ray McGovern joins us from Washington, D.C. [includes rush transcript] Ray McGovern, former senior CIA analyst whose duties included preparing the President’s Daily Brief and chairing National Intelligence Estimates. He was beaten and arrested while silently protesting a speech by U.S. Secretary of State Hillary Clinton this week. He is a member of the group, Veterans for Peace.

JUAN GONZALEZ: On Tuesday, Hillary Clinton gave a major address calling for Internet freedom around the world. Speaking at George-–Washington University, Clinton condemned the Egyptian and Iranian governments for arresting and beating protesters.
HILARY CLINTON: What happened in Egypt and what happened in Iran, which this week is once again using violence against protesters seeking basic freedoms, was about a great deal more than the Internet. In each case, people protested because of the frustration with the political and economic conditions of their lives. They stood and marched and chanted and the authorities tracked and blocked and arrested them.
AMY GOODMAN: Just moments before Hillary Clinton spoke those words, a 71-year-old man was violently ejected from Clinton’s own event and arrested for turning his back on the Secretary of State. TV cameras caught part of what happened.
HILARY CLINTON: Than the government pulled the plug. So phone service was cut off. A TV satellite signals were jammed. Internet access was blocked for nearly the entire—
RAY McGOVERN: [Screaming]This is America! This is America! Who are you? Who are you?
JUAN GONZALEZ: The voice you heard screaming was that of Ray McGovern as he was dragged away by security guard that left him bruised and bloodied. He was then arrested. McGovern is a former Army intelligence officer and a 27-year veteran of the CIA. He was one of the daily briefers for President George H.W. Bush. He has since become a vocal critic of US foreign policy. He joins us in Washington, D.C. Ray, you were seriously hurt. Tell us what happened. RAY McGOVERN: I was pounced upon. I was blindsided, really. I was looking straight to the back, minding my own business. The only offense was standing up when everyone else was sitting down. Without any warning, I was pounced upon by and, what I call large manhandled by a fellow that looked like an NFL football player in plain dress. I don’t know who he was, that is why you hear me screaming, "Who are you? Who are you?" And I never did get the answer to that. So it was quite abrupt, quite violent. And the supreme irony, of course, sounds like something right out of Franz Kafka, four paragraphs later, Hillary Clinton is saying what you just quoted her as saying. You know, one has to keep one’s sense of humor in all of this, especially when one bears these kinds of bruises. I cannot show you the ones down below. I was listening on the way in, I tuned in a little late to your show. And when I heard Clinton say, that little clip, "We strongly oppose the use of violence," this is yesterday. We have deep concern over the actions of security forces. And I’m saying, yes! She is going to apologize. Like my Veterans for Peace colleagues asked her to do. Then I realized, she is talking about Bahrain. Straight out of Kafka. AMY GOODMAN: So, you were seriously hurt. What parts of your body? What did they do to you? RAY McGOVERN: Well, they put two sets of handcuffs on me roughly. They were the iron or steel handcuffs. They dug into my wrists. You can see some of the stuff right here. They put them behind my back of course and I started—bleeding profusely over my pants. We have the pants, they are full of blood. When somebody said, "Is that his blood?" One of the cops said, "No, no I pricked my finger". Right. The whole back seat of the pants is surfused with blood. They throw me-–well they didn’t throw me, they placed me in a patrol car—I try not to exagerate here—and I was taken up to one of the police headquarters in D.C. Mugshotted, fingerprinted to a fair thee well, and put in a cell of the size of Bradley Manning now occupies in Quantico. AMY GOODMAN: Ray we only have a minute but why were you there? Why did-–were you standing up? RAY McGOVERN: I was standing up in silent witness to the fact that Hillary Clinton is responsible or partly responsible for the countless thousands of Iraqis, Americans, Afghans, and God help was, Iranians—I hope not—and that she should not get the idea that everyone is going to sit down and applauded politely when there are so many of us that are usually excluded from these sessions who are feeling very, very sad and very angry at the foreign policy of our government. Very seldom do have a chance to express that. I thought that I expressed that in a most nonviolent way by simply quietly with my back to her with a T-shirt that said "Veterans for Peace." AMY GOODMAN: Well Ray McGovern, we want to thank you for being with us, former top briefer of Vice President George H.W. Bush. Ray worked for the CIA for more than a quarter of a century.

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Republicans Poised to Reap Huge Gains Because of Illegal Aliens Counted in the 2010 Census

In one of the most ironic twists of the political fates of the Century, the Republican Party stands to gain additional seats in the U.S. House of Representatives because the law apparently requires the Census Bureau to count illegal aliens. Those numbers are to be included in the final count which determines the allocation of the nation’s 435 US House of Representatives seats in the U.S. Congress, the allocation of Electors to the Electoral College and the allocation of federal tax dollars to the various states. The 435 U.S. House of Representatives districts will all be re-drawn in the next year or so as a result of the 2010 census results. Texas and Florida will gain four new seats, Arizona two. New York and Pennsylvania will be the big losers. Missouri will lose one seat. The new lines and districts will remain in place until the next decennial census in 2020. The recently completed Census data includes the numbers of illegal aliens in US, estimated at 10.8 million, down by over a million since the Bush administration left office. The average population of US House districts is around 700,000. You are invited to do the math if you have any doubts. States with largest numbers of illegal aliens have shown the largest growth in population and will get larger numbers of US House seats, including Texas, Arizona and Florida. [More . . . ]

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