How Corrupt Is the American Government? See For Yourself...

[Octafish]

How Corrupt Is the American Government?

See For Yourself

Posted on January 5, 2016 by WashingtonsBlog

Government corruption has become rampant:

Senior SEC employees spent up to 8 hours a day surfing porn sites instead of cracking down on financial crimes

Nuclear Regulatory Commission workers watch porn instead of cracking down on unsafe conditions at nuclear plants

SNIP...

A high-level Federal Reserve official says quantitative easing is “the greatest backdoor Wall Street bailout of all time”

SNIP...

Congress recently told the courts that Congress can’t be investigated for insider trading

SNIP...

The Bush White House worked hard to smear CIA officers, bloggers and anyone else who criticized the Iraq war

CONTINUED...

http://www.washingtonsblog.com/2016/01/corrupt-american-government.html

[wildbilln864]

1. and a big K & R! n/t

[Octafish]

6. I started to read through them...

...and after the second item stopped to share.

Wow!

[valerief]

2. Another K&R. "Why do criminals steal from the U.S. Treasury? Because that's where the money is." nt

[Octafish]

7. That IS Willie Sutton of Wall Street-on-the-Potomac Banking fame...

Good eye, valerief. The official on the right may hold the entire Gross National Product of 1931 on his hair.

[Smarmie Doofus]

3. That's quite a collection. K and R n/t

[Octafish]

16. The links are current...

Best part is the author names names, put events in context and places dates.

I had to share, Smarmie Doofus.

[Smarmie Doofus]

20. Glad you did.

*Share* that is.

Morning kick for exposure.

People need to know about this stuff.

[Hotler]

4. Another great post. Thank you Octafish. n/t

[Octafish]

21. You are most welcome, Hotler! THIS one about the SEC bothers me a lot...

The SEC has been shredding Wall Street documents for decades to help the big banks cover up their fraud

Seeing how the Have-Mores get to cheat when they already got enough to get ahead makes me really angry.

He said for those without integrity, a pot of gold awaits...

Neil Barofsky Gave Us The Best Explanation For Washington's Dysfunction We've Ever Heard

Linette Lopez
Business Insider, Aug. 1, 2012, 2:57 PM

Neil Barofsky was the Inspector General for TARP, and just wrote a book about his time in D.C. called Bailout: An Insider Account of How Washington Abandoned Main Street While Rescuing Wall Street.

SNIP...

Bottom line: Barofsky said the incentive structure in our nation's capitol is all wrong. There's a revolving door between bureaucrats in Washington and Wall Street banks, and politicians just want to keep their jobs.

For regulators it's something like this:

[font color="green"]"You can play ball and good things can happen to you get a big pot of gold at the end of the Wall Street rainbow or you can do your job be aggressive and face personal ruin...We really need to rethink how we govern and how regulate," Barofsky said.[/font color]

CONTINUED... http://www.businessinsider.com/neil-barofsky-2012-8

...For those with integrity, along for the rest of us who try to do an honest day's work, it's Austerity Time. For. Ever.

[7wo7rees]

5. Thanks! Really great collection! You are one of the best! n/t

[Octafish]

22. Thanks, 7wo7rees! Right back at ya! Does your bank offer this service for you?

The D.C. politicians said that the giant failed banks couldn’t be nationalized, because that would be socialism. Instead of temporarily nationalizing them and then spinning them off to the private sector – or breaking them up – the politicians have bailed them out to the tune of many tens of billions of dollars each year, and created a system where all of the profits are privatized, and all of the losses socialized

I know bank finds it so odd when I uh a depositor writes a check that doesn't have money in my uh their account that they report it to the cops.

[840high]

8. k/r

[Octafish]

23. The article just surveys what we know. And what it means for the USA is TRAGIC.

For example:

Indeed, America is no longer a democracy or republic … it’s officially an oligarchy. And the allowance of unlimited campaign spending allows the oligarchs to purchase politicians more directly than ever.

One can only speculate that the stuff hidden from public view is worse. Like lying America into war.

[WillyT]

9. HUGE K & R !!! - Thank You !!! - Did You Catch THIS:

DULink: http://www.democraticunderground.com/1016141294

[Octafish]

12. WOW!!! THAT explains the sudden concern!

http://www.democraticunderground.com/?com=view_post&forum=1002&pid=7502988

Great article, that. We are seeing the cockroaches exposed, WiilyT.

[WillyT]

13. Yes We Are !!!

And to think...

It was the military the developed the Internet.

[daleanime]

10. Massive K&R.....

[qwlauren35]

11. Interesting.

No idea why the first 20 line items focused on sex. Yes, there's corruption, but I don't see how that's related to watching porn.

[Octafish]

14. INTEGRITY.

From Line 1 down is absent.

Missed the lines regarding the Banksters? No problemo.

Yeah, see.



Feb. 28, 2008:

Know your BFEE: They Looted Your Nation’s S&Ls for Power and Profit

Then, after the Bankstershitstorm in September 21, 2008, I asked them who stole it to put it back:

Know your BFEE: Phil Gramm, the Meyer Lansky of the War Party, Set-Up the Biggest Bank Heist Ever.

What's weird is how, rather than the jail cell he so richly deserved, Phil Gramm ended up as Vice Chairman of UBS -- the Swiss Bank that received about $59 Billion with a Billion in TARP funds -- from where Gramm hired Bill Clinton, who signed into law the repeal of Glass Steagall. Since then, they've also brought in George W Bush to specialize in Wealth Management:

http://financialservicesinc.ubs.com/revitalizingamerica/SenatorPhilGramm.html

Like a bonus.

[Scuba]

15. Gee, ya think?

Goldman Sachs only earned $2.3 billion last year, grabbed $10 billion in TARP, then paid out $4.8 billion in bonuses in 2008 — more than double its net income.

Morgan Stanley (Stock Quote: MS) only earned $1.7 billion last year, received $10 billion in bailout funds, then paid $4.475 billion in bonuses, nearly three times their net income.

JPMorgan Chase (Stock Quote: JPM) only earned $5.6 billion in 2008 and received $25 billion from the government, but it paid out $8.69 billion in bonus money.

Citigroup (Stock Quote: C) and Merrill Lynch suffered a combined $54 billion in losses in 2008. The banks received a total of $55 billion in bailouts and paid out $9 billion in combined bonuses.


Source

We know that Citigroup received $1.6 trillion in loans, and Morgan Stanley $2 trillion, and Goldman Sachs – the same Goldman Sachs that bragged about how quickly it paid back its $10 billion TARP bailout – over $600 billion. We know that hedge fund billionaires who moved their corporate addresses to the Cayman Islands to avoid U.S. taxes were rewarded by their buddies in government with huge Fed loans; we know that the U.S. government likewise has been extending massive loans to a variety of Japanese car companies at a time when many American auto workers in Detroit have seen their wages cut in half, to $14 an hour. There’s that and there’s more on the outrage front, and we know it all because Sanders kicked and screamed and stamped his feet about Fed secrecy until just enough other members of the Senate decided to go along with him."

Source

[Octafish]

24. Funny how that works.

We know that Citigroup received $1.6 trillion in loans, and Morgan Stanley $2 trillion, and Goldman Sachs – the same Goldman Sachs that bragged about how quickly it paid back its $10 billion TARP bailout – over $600 billion. We know that hedge fund billionaires who moved their corporate addresses to the Cayman Islands to avoid U.S. taxes were rewarded by their buddies in government with huge Fed loans; we know that the U.S. government likewise has been extending massive loans to a variety of Japanese car companies at a time when many American auto workers in Detroit have seen their wages cut in half, to $14 an hour. There’s that and there’s more on the outrage front, and we know it all because Sanders kicked and screamed and stamped his feet about Fed secrecy until just enough other members of the Senate decided to go along with him."

SOURCE

UBS received $287 Billion bailout...and Phil Gramm still talks slow.

Remember how fast Bushler distanced himself from Kenny Boy? That was when all that HARKEN SEC brouhaha was bubbling up, again. Then, just before sentencing, Kenny left this mortal toil? Too sad.

Federal Reserve Directors' Banks and Businesses Took $4 Trillion in Bailouts -- Sanders FED Audit

PS: Here's the Buy-partisan ENRON angle:

Lieberman in ENRON Land

PPS: I know it's old news to you, Scoob. Must think of future generations...

[Scuba]

25. Yet some still argue we are not an oligarchy. Weird, eh?

[Octafish]

35. Supporting the banksters & warmongers must be its own reward.

Plus the capital letters for added effect while showing the colors and bleating without a single source for the plausible denial.

http://www.democraticunderground.com/?com=view_post&forum=1002&pid=7489637

Just don't call them "Wall Street."

[Paka]

17. K&R

[mrdmk]

18. Thank you very much for a weeks worth of reading

Most of this is remember after glancing at the one sentence introductions.

Now there is pondering on my part has too why people want to question the government and their corporate cronies.

The time is now to get money out of electing our public officials. That would be a good start...

K & R

[JEB]

19. K&R&bookmark

Quite the list all with links to recent articles.

[arcane1]

26. Bookmarking, this will take a while to digest.

[Uncle Joe]

27. Kicked and recommended.

Thanks for the thread, Octafish.

[steve2470]

28. that's Willie Sutton in the pic

https://charlespaolino.wordpress.com/2015/07/01/go-where-the-money-is-and-go-often/

[Enthusiast]

29. K&R! This post should have hundreds of recommendations!

Way to go, Octafish!

[Duppers]

30. Excellent. Excellent. Excellent.

I've several links pulled up and am still reading.

You're a treasure, Octafish!

[niyad]

31. k and r

[Ivan Kaputski]

32. I'm a mob boss and I approve of "my" government.

[AzDar]

33. K & R

[rhett o rick]

34. k & r. Thanks for posting. We need a change from the corrupt government that the big banks have

brought us.