Tag: Dimon

THE ONLY THING SYSTEMATIC IS THE DESTRUCTION OF AMERICA

“It is difficult to get a man to understand something, when his salary depends upon his not understanding it!” – Upton Sinclair

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Upton Sinclair was describing willful ignorance based upon who butters your bread. The rampant corruption of our society, as power has been consolidated into fewer and fewer hands, has resulted in our political, financial, cultural and economic systems being captured by a billionaire class who use their wealth to dictate the path we are forced to follow – or lose everything.

The sociopath class include the Silicon Valley social media titans, the billionaires running the six mainstream media companies, the rogue billionaires like Soros and Bloomberg who fund chaos and foment insurrection, the Deep State surveillance agency operatives like Clapper, Brennan, Comey and Mueller doing the bidding of the oligarchy, Wall Street criminals like Dimon, Paulson, and Blankfein doing god’s work, and last but certainly not least – Powell, Yellen, Bernanke and slimy Kashkari priming the pump for the never ending systematic pillaging of the nation’s wealth.

Continue reading “THE ONLY THING SYSTEMATIC IS THE DESTRUCTION OF AMERICA”

WALL STREET JUSTICE IN THE SURVEILLANCE STATES OF AMERICA

Cecily McMillan was sentenced yesterday to 90 days in prison for assaulting a police officer who was trying to clear Zuccotti Park in lower Manhattan, where Occupy Wall Street protesters had gathered. McMillan, 25, denied the second-degree assault charge.

 

Thank God for our justice system. Look at that face. She is truly a dangerous criminal and a menace to society. I can’t believe they only locked her up for 3 months. Exercising your First Amendment rights in a public park is a dangerous example of freedom. We can’t stand for this. She is clearly a violent thug. The NYPD police officer that was manhandling her was most certainly in danger. Look at those lethal elbows that inadvertently hit one of Bloomberg’s security state thugs in the face. I understand they were considering a firing squad from the NYPD, but they couldn’t find 10 of these bozo thugs who could shoot straight. 

We are now in the sixth year since the criminal CEOs and executives of the biggest Wall Street banks committed the largest financial fraud in human history and not one of these fuckers has been prosecuted, let alone sentenced to jail. Dimon has used shareholder money to pay tens of billions in fines as their payoff to their fellow government cronies without admitting they did anything wrong. These motherfuckers created the fraudulent mortgage products that blew up the worldwide financial system. They reaped hundreds of billions in dirty profits and the judicial system bought off by Wall Street is still throwing young protestors in jail. The police thugs brutalized and bloodied hundreds of protestors during the Occupy protests. None of them went to jail because the establishment is not here to protect the rights of citizens. They will protect the rights of the oligarchs to fuck you over.

 

KNOW YOUR ENEMY

 

She fought Wall Street, and now she’s off to jail

Opinion: Unlike CEOs, this ‘Occupy’ protestor couldn’t avoid prosecution

By David Weidner, MarketWatch

SAN FRANCISCO (MarketWatch) — The last few days have been a busy one for the Wall Street crime blotter. But as you review the following cases, you might find the scales of justice are more than just a little off-kilter.

Credit Suisse (NYSE:CS) Chief Executive Officer Brady Dougan will keep his job — one that paid him $9 million last year after a 26% raise— even thought the bank will pay a $2.6 billion settlement and plead guilty to criminal charges for helping its U.S. clients evade taxes.

SAC Capital Advisors LLC founder Steven A. Cohen spent the weekend free as a bird, perhaps counting the sum of what had been years of an annual compensation package of $1 billion. He did so after another one of his lieutenants, Michael Steinberg, was sentenced Friday to 3 1/2 years in prison for his role in a firm-wide insider-trading scheme.

Steinberg was the latest in a string of former SAC traders and managers who have been ratting out one another and receiving prison sentences.

And after walking around Italy for a few months, former Societe Generale trader Jérôme Kerviel surrendered to police Sunday . He will spend three years in prison for making unauthorized trades at the bank that led to more than $8 billion in losses. At least, that’s if you believe he wasn’t making the trades with tacit approval from his bosses or negligence on their part.

Lest you think these cases suggest that it’s just the small fish who meet the hook of justice, consider the 90-day jail term just handed out to Cecily McMillan for second-degree assault.

McMillan is the last Occupy Wall Street protestor to be sentenced for her role in the 2010 and 2011 protests in New York that were ultimately swept away by a city police raid ordered by then-Mayor Michael Bloomberg.

McMillan, now a 25-year-old graduate student, was in Zuccotti Park in lower Manhattan on March 17, 2012, celebrating the six-month anniversary of Occupy Wall Street, which was evicted from the park in November 2011. The police were ordered to clear the park. Scuffles ensued. Chaos. An officer claims McMillian elbowed him in the face. McMillan said someone grabbed her breast.

There is a grainy video of the elbowing that was reviewed by The Wall Street Journal reporter covering the case. It “doesn’t definitively show if it was intentional or not,” the Journal reported . During the trial, McMillan’s lawyers were barred from cross-examining the officer.

Her case received unusual attention. There were protests at the courthouse. After her conviction May 5, city council members called for leniency in her sentencing. Councilman Ydanis Rodriguez was also arrested at Zuccotti Park. His charges were dismissed.

Jail time for McMillan, he said, would send “a message that if you join a protest, if you defend your rights, you will be charged with assaulting a police officer.”

That’s one message. Another possible one: better to be at the top of a multi-billion-dollar institution that helps people hide from the Internal Revenue Service or disguises ill-gotten gains or takes no responsibility for the conduct of its employees.

The list doesn’t end with SAC Capital and Credit Suisse. Since the financial crisis, companies including Goldman Sachs Group Inc. (NYSE:GS) , J.P. Morgan Chase & Co. (NYSE:JPM) , Bank of America Corp. (NYSE:BAC) and Citigroup Inc. (NYSE:C) all have been investigated for fraud perpetrated on customers and investors — including taxpayers. In most cases they’ve settled without admitting wrongdoing or copping to criminal charges.

That last part about criminal charges has changed recently after U.S. Attorney General Eric Holder came under fire a year ago when he testified that “the size of some of these institutions becomes so large that it does become difficult for us to prosecute them when we are hit with indications that if you do prosecute, if you do bring a criminal charge, it will have a negative impact on the national economy, perhaps even the world economy.”

Many observers took his statement as a concession that some banks were “too big to jail.”

Holder is trying to walk his statement back . “No company, no matter how large or how profitable, is above the law,” he said in a video posted on the Justice Department website early this month.

Individuals aren’t exempt either, it appears, as long as they are low ranking and don’t have the political and financial means to put up a fight.

Cecily McMillan, on the other hand, doesn’t pose a threat to anyone except maybe a police officer who may or may have not been too aggressive or in the wrong place at the wrong time. Not many seem to be questioning if city officials had the authority to break up a peaceable assembly as guaranteed under the Bill of Rights.

This isn’t to excuse McMillan’s elbow or any injury it may have caused. But if a peaceful protestor who if forcibly evicted from a protest can get jail time and a permanent criminal record, why can’t the leaders of firms accused of or admitted to chronic insider trading, tax-evasion schemes or mortgage-securities fraud get their 90 days in lockup?

A woman gives an officer a black eye, but a justice system where money and influence rob us of inequality is life- — and liberty- — threatening.

ONLY ABOUT 10,000 TO GO

I guess these bankers had a conscience. It’s the psychopaths like Dimon, Corzine, Blankfein, and Schwarzman that have absolutely no conscience and will never kill themselves. They will need a little help.

Third Banker, Former Fed Member, “Found Dead” Inside A Week

Tyler Durden's picture

Submitted by Tyler Durden on 01/31/2014 10:16 -0500

If the stock market were already crashing then it would be simple to blame the dismally sad rash of dead bankers in the last week on that – certainly that was reflected in 1929. However, for the third time in the last week, a senior financial executive has died in what appears to be a suicide. As Bloomberg reports, following the deaths of a JPMorgan senior manager (Tuesday) and a Deutsche Bank executive (Sunday), Russell Investments’ Chief Economist (and former Fed economist) Mike Dueker was found dead at the side of a highway in Washington State. Police said the death appeared to be a suicide.

 

Via Bloomberg,

Mike Dueker, the chief economist at Russell Investments, was found dead at the side of a highway that leads to the Tacoma Narrows Bridge in Washington state, according to the Pierce County Sheriff’s Department. He was 50.

 

He may have jumped over a 4-foot (1.2-meter) fence before falling down a 40- to 50-foot embankment, Pierce County Detective Ed Troyer said yesterday. He said the death appeared to be a suicide.

 

Dueker was reported missing on Jan. 29, and a group of friends had been searching for him along with law enforcement. Troyer said Dueker was having problems at work, without elaborating.

 

Dueker was in good standing at Russell, said Jennifer Tice, a company spokeswoman. She declined to comment on Troyer’s statement about Dueker’s work issues.

But as Michael Snyder noted recently, if the stock market was already crashing, it would be easy to blame the suicides on that.  The world certainly remembers what happened during the crash of 1929…

Historically, bankers have been stereotyped as the most likely to commit suicide. This has a lot to do with the famous 1929 stock market crash, which resulted in 1,616 banks failing and more than 20,000 businesses going bankrupt.

 

The number of bankers committing suicide directly after the crash is thought to have been only around 20, with another 100 people connected to the financial industry dying at their own hand within the year.

Dueker had also been a research economist at the St. Louis Fed:

He published dozens of research papers over the past two decades, many on monetary policy, according to the St. Louis Fed’s website, which ranks him among the top 5 percent of economists by number of works published. His most-cited work was a 1997 paper titled “Strengthening the case for the yield curve as a predictor of U.S. recessions,” published by the reserve bank while he was a researcher there.

So, with stocks a mere 4% off their highs, are so many high ranking and well respected bankers committing suicide?

IT’S A BIG CLUB & YOU AIN’T IN IT

 

Jamie Dimon JP Morgan Chase CEO Jamie Dimon (L) and Goldman Sachs CEO Lloyd Blankfein leave the White House after they and 13 other bank heads met with President Barack Obama March 27, 2009 in Washington, DC. Obama used the meeting to tell the bankers that they must look beyond short-term interests toward obligations each person has in order to make it through the current economic troubles. (Photo by Chip Somodevilla/Getty Images) *** Local Caption *** Jamie Dimon;Lloyd Blankfein

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Robert Rubin Chuck Prince (L), former chairman of the board and CEO at Citigroup Inc. and Robert Rubin, former chairman of the Executive Committee of the Board of Directors at Citigroup Inc., are sworn in before testifying before the Financial Crisis Inquiry Commission on Capitol Hill April 8, 2010 in Washington, DC. The inquiry commission is investigating the causes, including subprime lending, that lead to the global financial collapse that began in the fall of 2008.

 

There’s a reason that education sucks, and it’s the same reason it will never ever ever be fixed. It’s never going to get any better, don’t look for it. Be happy with what you’ve got. Because the owners of this country don’t want that. I’m talking about the real owners now, the big, wealthy, business interests that control all things and make the big decisions.

Forget the politicians, they’re irrelevant.

Politicians are put there to give you that idea that you have freedom of choice. You don’t. You have no choice. You have owners. They own you. They own everything. They own all the important land, they own and control the corporations, and they’ve long since bought and paid for the Senate, the Congress, the State Houses, and the City Halls. They’ve got the judges in their back pockets. And they own all the big media companies so they control just about all the news and information you get to hear.

They’ve got you by the balls.

They spend billions of dollars every year lobbying to get what they want. Well, we know what they want; they want more for themselves and less for everybody else. But I’ll tell you what they don’t want—they don’t want a population of citizens capable of critical thinking. They don’t want well informed, well educated people capable of critical thinking. They’re not interested in that. That doesn’t help them. That’s against their interest. You know something, they don’t want people that are smart enough to sit around their kitchen table and figure out how badly they’re getting fucked by a system that threw them overboard 30 fucking years ago.

They don’t want that, you know what they want?

They want obedient workers, obedient workers. People who are just smart enough to run the machines and do the paperwork and just dumb enough to passively accept all these increasingly shittier jobs with the lower pay, the longer hours, the reduced benefits, the end of overtime and the vanishing pension that disappears the minute you go to collect it.

And now they’re coming for your social security money.

They want your fucking retirement money; they want it back so they can give it to their criminal friends on Wall Street. And you know something? They’ll get it. They’ll get it all from you sooner or later because they own this fucking place. It’s a big club and you ain’t in it! You and I are not in the Big Club. By the way, it’s the same big club they use to beat you in the head with all day long when they tell you what to believe. All day long beating you over the head with their media telling you what to believe, what to believe, what to think and what to buy.

The table is tilted folks, the game is rigged.

Nobody seems to notice, nobody seems to care. Good honest hard working people, white collar, blue collar, it doesn’t matter what color shirt you have on. Good honest hard working people continue, these are people of modest means, continue to elect these rich cocksuckers who don’t give a fuck about them. They don’t give a fuck about you. They don’t give a fuck about…give a fuck about you! They don’t care about you at all, at all, at all.

And nobody seems to notice, nobody seems to care.

That’s what the owners count on, the fact that Americans are and will probably remain willfully ignorant of the big red, white, and blue dick that’s being jammed up their assholes everyday. Because the owners of this country know the truth, it’s called the American Dream, because you have to be asleep to believe it.

George Carlin