William Black: The U.S. is turning a blind eye to bank fraud

William Black is a white-collar criminologist, former financial regulator, and author of "The Best Way to Rob a Bank is to Own One." He teaches economics and law at the University of Missouri-Kansas City and recently took part in Occupy Kansas City.  Black was recently interviewed by Amy Goodman of Democracy Now, and offer some shocking statistics indicating why we are not seeing bank executives carted down to prison:

It all starts with the regulators, which is why it’s all not started here, because we have, of course, the wrecking crew, Bush’s wrecking crew, what Tom Frank called them, in charge, and they stopped making criminal referrals. So our agency, in the savings and loan crisis, made over 10,000 criminal referrals to the FBI. That same agency, in this crisis, made zero criminal referrals. If you don’t get people pointing the way and pointing to the top of the organization, you don’t get effective prosecutions. So, in the peak of the savings and loan crisis, we had a thousand FBI agents. This crisis has losses 70 times larger than the savings and loan crisis. And the savings and loan crisis, when it happened, was considered the largest financial scandal in U.S. history. So we’re now 70 times worse. And as recently as 2007, we had 120 FBI agents—one-eighth as many FBIagents for a crisis 70 times larger. And they looked not at the big folks, but almost exclusively at the little folks.
Black also offered the following on the themes that are developing as a result of the Occupy protests:
[I]f you look, not just nationwide, but worldwide, you will see some pretty consistent themes developing. And those themes include: we have to deal with the systemically dangerous institutions, the 20 biggest banks that the administration is saying are ticking time bombs, that as soon as one of them fails, we go back into a global crisis. Well, we should fix that. Right? There’s no reason to have institutions that large. That’s a theme. That accountability is a theme, that we should keep—put these felons in prison, and there’s no action on that. That we should get jobs now, and that we should deal with the foreclosure crisis. So those are four very common themes that you can see in virtually any of these protest sites. And they have asked me, for example, to come to New York to talk about some of these things. So, I think, over time, you won’t necessarily have some grand written agenda, but you’ll have, as I say, increasing consensus. And it’s a very broad consensus. It’s not left, it’s not right; it’s not Republican, it’s not Democrat.
For additional observations by William Black, visit these other DI posts.

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Dealing with Microsoft PowersHell

Why, one may wonder, would I be delving into something that ubiquitous Microsoft decides unabashedly to call PowersHell? To start with, and in full disclosure, they capitalize it as PowerShell, a new and improved version of the command line interface that we old timers sometimes still call the DOS prompt. But why would I use this, when the Gooey does so much? It has to do with too many cameras and too many memory chips. You see, I just went on vacation, a two week, 3,550 mile drive to Yellowstone, the Tetons, and many places in between. I brought home over 4,000 snapshots and video clips taken with 4 cameras. Why would anyone need 4 cameras? Well, I have a SuperZoom 12Mp, and a pocket camera (the SD1100 that we've raved about), and my new Droid. That's three? Well, I also got a back-up SD1100, that I've also rigged up with my first to use as a stereo camera. So with three of the four cameras all of the same brand, and so many pictures, eventually the 8 character file names (the first four of which are fixed in 3 cameras at "IMG_") began to overlap. And when I filled up a memory chip, each camera decided to reset to IMG_0001, so I have many overlaps in the lower numbers. Very clumsy. Also it is hard to match up the images from the left and right cameras (each eye stored in its own folder) without looking at each enlarged, and the Windows Photo Viewer doesn't let me look at two files from different folders side-by-side. So I decided to rename all the images to use longer names, and decided to use the picture date and time to rename them. My former XP machine had use a nice re-namer that would do this. But now I have Win7, and the old Win95 app won't run. But I keep in mind that "Every O/S Sucks" So I Googled for a new renamer that could handle the task, and stumbled on to this post: Rename multiple files as “Modified Date/Time” using cmd or Powershell. Yee, I thought, Haw! Why install another utility when the O/S does it for me. But it can't be done with the old command line. One has to figure out how to use the new, powerful, dangerous PowerShell. I could have just used the code snippet in the Super User post linked above. But I wanted to, a) Know how it works, and b) Do it a little differently. So once I returned, I did some reading, and playing. But after a minimum of profanity, I got it working on a test folder, and then ran my new script on all my files. Now I can tell at a glance when each picture was taken, and therefore easily glean the where and why. Just for a laff, here's a bit about the code name Microsoft used while developing this new shell:

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George Lakoff frames American conservatism versus OWS

Linguist George Lakoff has set forth frames for American conservatism:

Conservatives have figured out their moral basis and you see it on Wall Street: It includes: The primacy of self-interest. Individual responsibility, but not social responsibility. Hierarchical authority based on wealth or other forms of power. A moral hierarchy of who is "deserving," defined by success. And the highest principle is the primacy of this moral system itself, which goes beyond Wall Street and the economy to other arenas: family life, social life, religion, foreign policy, and especially government. Conservative "democracy" is seen as a system of governance and elections that fits this model.
Versus that which appears to be the frame of the Occupy Wall Street movement:
Democracy starts with citizens caring about one another and acting responsibly on that sense of care, taking responsibility both for oneself and for one's family, community, country, people in general, and the planet. The role of government is to protect and empower all citizens equally via The Public: public infrastructure, laws and enforcement, health, education, scientific research, protection, public lands, transportation, resources, art and culture, trade policies, safety nets, and on and on. Nobody makes it one their own. If you got wealthy, you depended on The Public, and you have a responsibility to contribute significantly to The Public so that others can benefit in the future. Moreover, the wealthy depend on those who work, and who deserve a fair return for their contribution to our national life. Corporations exist to make life better for most people. Their reason for existing is as public as it is private.

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