Agencies & Systems

U.S. government agencies and systems

Not with a Bang but a Whimper – the SEC Enforcement Team’s Propaganda Campaign

Posted by on September 10, 2013 in Agencies & Systems, Government, Politics with 0 Comments
Not with a Bang but a Whimper – the SEC Enforcement Team’s Propaganda Campaign

By William K. Black

“Justice” became an oxymoron in the Bush and Obama administration. It now means that the elite frauds that became wealthy through their crimes that drove our financial crisis should enjoy de facto immunity from prosecution. The NYT, however, pictures the SEC as an ultra-aggressive enforcer that virtually never fails to take on the elite CEOs leading the control frauds.

[…]

The SEC data demonstrate its epic failure in preventing the current crisis (the SEC was useless) and deterring future crises (the SEC leaves the fraudulent wealthy officers immensely wealthy). The SEC has tried to bring enforcement actions against the senior officers of only three of the elite financial institutions (banks). It has sued twelve senior officers of those three banks (or four if we depart from the SEC’s practice and call Fannie and Freddie different cases). Its biggest “success” left the former CEO of Countrywide with virtually all of the vast wealth that the SEC claims to be the product of fraud. It obtained $80,000 (also almost certainly paid by an insurer) from the CEO of IndyMac, the largest fraudulent seller of fraudulent mortgage loans. That is it for the senior officers of the elite banks whose frauds the SEC says drove the financial crisis.

The SEC, as always, focuses its enforcement on non-elite corporations where it is far easier for its enforcers to rack up higher numbers of “successes.” The “66 senior” individual defendants were overwhelmingly employed by non-elite banks. The SEC’s own data demonstrate that it is a paper tiger when it comes to the elite banksters who grew wealthy by leading the frauds that caused the mortgage fraud crisis.

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Obama Warned on Syrian Intel

Posted by on September 7, 2013 in Agencies & Systems, Government, Military, Politics with 0 Comments
Obama Warned on Syrian Intel

We regret to inform you that some of our former co-workers are telling us, categorically, that contrary to the claims of your administration, the most reliable intelligence shows that Bashar al-Assad was NOT responsible for the chemical incident that killed and injured Syrian civilians on August 21, and that British intelligence officials also know this. In writing this brief report, we choose to assume that you have not been fully informed because your advisers decided to afford you the opportunity for what is commonly known as “plausible denial.”

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How Fed Policy Has Devastated Three Generations of Retirees

Posted by on September 5, 2013 in Agencies & Systems with 0 Comments
How Fed Policy Has Devastated Three Generations of Retirees

The recent, unprecedented changes in the Fed’s fiscal policy have proved to be a virtual wrecking ball to Americans’ retirement dreams.

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US stops jailed activist Barrett Brown from discussing leaks prosecution

US stops jailed activist Barrett Brown from discussing leaks prosecution

A federal court in Dallas, Texas has imposed a gag order on the jailed activist-journalist Barrett Brown and his legal team that prevents them from talking to the media about his prosecution in which he faces up to 100 years in prison for alleged offences relating to his work exposing online surveillance.

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The Last Chance to Stop the NDAA

Posted by on September 3, 2013 in Agencies & Systems, Government, Military, Politics with 0 Comments
The Last Chance to Stop the NDAA

“First the terrorism-industrial complex assured Americans that they were only spying on foreigners, not U.S. citizens,” [attorney Carl] Mayer said to me recently. “Then they assured us that they were only spying on phone calls, not electronic communications. Then they assured us that they were not spying on American journalists. And now both [major political] parties and the Obama administration have assured us that they will not detain journalists, citizens and activists. Well, they detained journalist Chris Hedges without a lawyer, they detained journalist Laura Poitras without due process and if allowed to stand this law will permit the military to target activists, journalists and citizens in an unprecedented assault on freedom in America.”

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U.S. spy network’s successes, failures and objectives detailed in ‘black budget’ summary

U.S. spy network’s successes, failures and objectives detailed in ‘black budget’ summary

U.S. spy agencies have built an intelligence-gathering colossus since the attacks of Sept. 11, 2001, but remain unable to provide critical information to the president on a range of national security threats, according to the government’s top-secret budget.

The $52.6 billion “black budget” for fiscal 2013, obtained by The Washington Post from former ­intelligence contractor Edward Snowden, maps a bureaucratic and operational landscape that has never been subject to public scrutiny. Although the government has annually released its overall level of intelligence spending since 2007, it has not divulged how it uses the money or how it performs against the goals set by the president and Congress.

The 178-page budget summary for the National Intelligence Program details the successes, failures and objectives of the 16 spy agencies that make up the U.S. intelligence community, which has 107,035 employees.

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Zero Prosecutions of Elite Banksters is too many Prosecutions for the Wall Street Journal

Posted by on August 29, 2013 in Agencies & Systems, Government, Politics with 0 Comments
Zero Prosecutions of Elite Banksters is too many Prosecutions for the Wall Street Journal

Unintentional self-parody was the result to a coordinated effort by the systemically dangerous institutions’ (SDIs) press flacks to gin up outrage that the Department of Justice (DOJ) would have the audacity to sue the SDIs’ for their manifold violations of the law. The Wall Street Journal recalled one of its former opinion page pundits to active duty as a shill for the Street. George Melloan’s August 25 column warned:

“If dubious prosecutions continue to mount, they could backfire on the regulatory agencies and further diminish sinking public confidence in government. Ask the folks at the IRS.”

Given the fact that there are zero prosecutions of any of the elite bankers whose frauds drove the crisis the phrase “if dubious prosecutions continue to mount” is surreal. Melloan’s IRS reference is a threat aimed at the banking regulators. If they ever emerge from their torpor and begin make criminal referrals and demand that DOJ prosecute the banksters Melloan is threatening to reprise the kneecapping that that Republicans members of Congress inflicted on the IRS at Senate hearings in 1997. Senator Roth (R. Del.) staged the hearing quite brilliantly as a series of alleged “horror stories” often told by alleged IRS “whistleblowers”

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Judicial Lynching: Bradley Manning and the Gangster State

Judicial Lynching: Bradley Manning and the Gangster State

The swift and brutal verdict read out by Army Col. Judge Denise Lind in sentencing Pfc. Bradley Manning to 35 years in prison means we have become a nation run by gangsters. It signals the inversion of our moral and legal order, the death of an independent media, and the open and flagrant misuse of the law to prevent any oversight or investigation of official abuses of power, including war crimes. The passivity of most of the nation’s citizens—the most spied upon, monitored and controlled population in human history—to the judicial lynching of Manning means they will be next.

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FBI Channels the Tea Party: Partner with the Banks and Blame the Poor for the Crisis

Posted by on August 24, 2013 in Agencies & Systems, Government, Politics with 0 Comments
FBI Channels the Tea Party: Partner with the Banks and Blame the Poor for the Crisis

By William K. Black. This is the third column in my series discussing why the FBI and the Department of Justice (DOJ) have failed to investigate and prosecute successfully the largest and most destructive financial fraud epidemic in history. The series uses the FBI’s 2010 Mortgage Fraud report to tease out how the FBI and DOJ suffered such a defeat.

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Reality Check on the New World Order – Foster Gamble with Lilou Mace

Posted by on August 24, 2013 in Agencies & Systems, Bankers & Wall St., Corruption with 0 Comments
Reality Check on the New World Order – Foster Gamble with Lilou Mace

Foster Gamble: The goal of the New World Order elite is to create a one-world government with a one-world currency and a one-world police force – ALL under the control of the international bankers.

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Laura Poitras: The Wiz Behind Snowden’s Surveillance Relevations

Laura Poitras: The Wiz Behind Snowden’s Surveillance Relevations

If anyone could be designated the media architect behind the Edward Snowden revelations about the extent of NSA surveillance, it would be photojournalist Laura Poitras. When David Miranda, domestic partner of Guardian journalist Glenn Greenwald, was recently detained in London’s Heathrow Airport under the UK’s Terrorism Act, he was in transit from Berlin, where he had been visiting Poitras. This article provides context for Miranda’s detention, as well as background on events relating to the media coverage of Edward Snowden’s revelations in Hong Kong.

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CIA Admits It Was Behind Iran’s Coup

Posted by on August 19, 2013 in Agencies & Systems with 0 Comments
CIA Admits It Was Behind Iran’s Coup

On August 19, 1953, a U.S.- and British-backed coup overthrew the country’s prime minister, Mohammed Mossadegh. But it has taken almost six decades for the U.S. intelligence community to acknowledge openly that it was behind the controversial overthrow.

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New York’s Stop-and-Frisk Policy is Unconstitutional, Judge Rules

Posted by on August 12, 2013 in Agencies & Systems, Government with 0 Comments
New York’s Stop-and-Frisk Policy is Unconstitutional, Judge Rules

In a major victory for civil rights activists who have long contended that stop-and-frisk amounts to racial profiling, US district court judge Shira Scheindlin said the stops violated individuals’ right to privacy and equal treatment under the law.

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CNN Report: CIA Engaged In Massive Intimidation Campaign To Keep Benghazi A Secret

Posted by on August 2, 2013 in Agencies & Systems, Military with 1 Comment
CNN Report: CIA Engaged In Massive Intimidation Campaign To Keep Benghazi A Secret

Sources have revealed to CNN that dozens of people were working for the CIA on the ground in Benghazi the night of the attacks, and that the agency is going to great lengths to make sure whatever it was doing, remains a secret. CNN has learned the CIA is involved in what one source calls an unprecedented attempt to keep the spy agency’s Benghazi secrets from ever leaking out. …

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The Top 10 Most Startling Facts About People of Color and Criminal Justice in the United States

Posted by on July 21, 2013 in Agencies & Systems with 0 Comments
The Top 10 Most Startling Facts About People of Color and Criminal Justice in the United States

Eliminating the racial disparities inherent to our nation’s criminal-justice policies and practices must be at the heart of a renewed, refocused, and reenergized movement for racial justice in America.

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