HONEST QUESTION: About these two ongoing investigations of Wall St, and their relevance to OWS???

[99th_Monkey]

Despite Holder's apparent case of amnesia re: Wall St. crimes, there are reportedly two
concurrent & ongoing investigations of Wall St. crooks underway,

One by Cy Vance, the District Attorney in Manhattan (Business Insider - Sept. 2011)
http://www.businessinsider.com/manhattan-da-widens-probe-of-goldman-sachs-issuing-more-subpoenas-in-recent-weeks-2011-9?comments=all#comment-4e6800b669bedd362f000060#ixzz1ZqZMZf3a

and the other by New York City DA, Eric Schneiderman (NYT - May 2011)
http://www.nytimes.com/2011/05/17/business/17bank.html

__________________________________________________________________________________________
So, assuming these investigations (however quietly) are still underway, my question is this:

On the face of it, there is an obvious and compelling connection between these investigations
and what's going down at Occupy Wall St.; but no one -- neither inside nor outside of OWS --
is making this connection, as far as I know.

I've been struggling with how I feel about this. Admittedly, I'm not familiar with the customary
protocols about how information about such "ongoing" investigations is handled, restricted, etc.
before any actual charges have been made. So I've wondered if this is the reason no one's talking
about these investigations in the press or at OWS.

I'm wondering aloud too about if there are any constructive connections that we could be making,
between the OWS phenomenon and these two quiet investigations of the Banksters. Would making
these connections be wise? It feels to me like it's one of those situations where timing would
be of paramount import.

Anyone have any thoughts on any of this? If so, I'd love to hear them, either here or via
private message.

[burrowowl]

1. Kick!

Good question

[99th_Monkey]

3. thanks. I maybe should have posted it at higher traffic time. oh well. but thanx 4 kickin' nt

[truedelphi]

2. If I remember correctly, Schneiderman's has been derailed.

Although Connecticut, State OF Washington and other states had joined him.

But there is just a lot of political pull from the Highest Places so that our Attorney Generals cannot penalize the banks -they're just too "integral" to our lifestyle. (In other words, the Big Bankers have bought and paid for their elected officials - so we 99%ersneed to learn to live with them, no matter how fraudulent and destructive they are.

[99th_Monkey]

4. Thanks for the update on Schneiderman.

Too bad. But hopefully Cy Vance will have better "luck", if that what you can call it.

[truedelphi]

6. Here is a decent article, dated October 2nd '11, from NYT

http://www.nytimes.com/2011/10/02/nyregion/for-eric-schneiderman-new-york-attorney-general-some-notice.html?pagewanted=all
areas in italics are from the article:
But then came August, when Mr. Schneiderman, 56, rejected a proposed nationwide settlement releasing some of the country’s biggest banks from a lawsuit brought by the states claiming misconduct in the mortgage markets. Almost overnight, he found his own name mentioned in a series of laudatory articles in publications as varied as Rolling Stone, The Rochester Democrat and Chronicle and the Web site Gawker.

Adding fuel to the profile-raising fire were the phone calls Mr. Schneiderman received this summer from officials in the Obama administration who pressured him to smarten up and join his counterparts in other states in settling the case. There were reports that a Federal Reserve official, Kathryn S. Wylde, had harangued him in public for his stubbornness (at the funeral for Hugh L. Carey, the former New York governor, no less). At the end of August, an unrepentant Mr. Schneiderman was kicked off the executive committee of attorneys general in charge of the case by its leader, Tom Miller, the attorney general of Iowa.

<snip>
Still, New York State’s attorney general, armed with weapons like the Martin Act, a powerful state securities law, has always been a first among equals and has conventionally held a second, if informal, title as the Sheriff of Wall Street. Some, like Mr. Cuomo and Mr. Spitzer, have parlayed prosecutions of the banks into successful campaigns for governor. Mr. Schneiderman, who has not expressed interest in higher office, has not let his close-up moment go unused. While he was in negotiations with the banks, his political fund-raising committee sent an e-mail to supporters trumpeting his “tough fight” against the industry. The e-mail was titled “Standing Up for You."

My comment - so what has happened is this - the action Schneiderman was undertaking became a matter for other states to join up with. Then people from those other states pushed him off the executive committee.

Now Schneiderman is fighting this lawsuit on behalf of New York state - apart from most of the other states.

[99th_Monkey]

7. ah, yes. I remember that now. thanks for the article. nt

[dmosh42]

5. I would say the investigation by the fed, Vance, is just bullshit....

Just like the commodities investigation. These administrations have given them 'free' passes on any criminal activities. They make these announcements for political reasons, but we know the feds only prosecute the Calif. pot smokers.

[truedelphi]

8. Well, we have all heard all the excuses -

The Middle Class shouldn't have expected a pony.

And we in the Middle Class need to give them time - they have only been in the White House - three months, ten months, fifteen months, thirty six months...

The nineteen levels of incomparable Kung Fu Chess played out by game masters Rahm/Obama - it's beyond our understanding as mere mortals, but someday we will certainly all comprehend.

But now Push comes to Shove, as we have had more than three years of this, and anyone aware of the issues can understand that the real situation is that Obama is working for those he has appointed, and not the other way around. And that explains fully why his DOJ is so uninterested in really making the Biggest Banking Firms in the nation pay for their fraud.

As Michael Hudson has been saying "Obama is de-criminalizing Bank Fraud." And he has to. That was his agreement the day after the Nov 2008 election.