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Barry Walters
Barry Walters
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| 8/17/2011 |
Is the SEC Covering Up Wall Street Crimes? Matt Taibbi: A whistle blower says the agency has illegally destroyed thousands of documents, letting financial crooks off the hook. Imagine a world in which a man who is repeatedly investigated for a string of serious crimes, but never prosecuted, has his slate wiped clean every time the cops fail to make a case. No more Lifetime channel specials where the murderer is unveiled after police stumble upon past intrigues in some old file – "Hey, chief, didja know this guy had two wives die falling down the stairs?" No more burglary sprees cracked when some sharp cop sees the same name pop up in one too many witness statements. This is a different world, one far friendlier to lawbreakers, where even the suspicion of wrongdoing gets wiped from the record. That, it now appears, is exactly how the Securities and Exchange Commission has been treating the Wall Street criminals who cratered the global economy a few years back. For the past two decades, according to a whistle-blower at the SEC who recently came forward to Congress, the agency has been systematically destroying records of its preliminary investigations once they are closed. By whitewashing the files of some of the nation's worst financial criminals, the SEC has kept an entire generation of federal investigators in the dark about past inquiries into insider trading, fraud and market manipulation against companies like Goldman Sachs, Deutsche Bank and AIG. With a few strokes of the keyboard, the evidence gathered during thousands of investigations – "18,000 ... including Madoff," as one high-ranking SEC official put it during a panicked meeting about the destruction – has apparently disappeared forever into the wormhole of history. Under a deal the SEC worked out with the National Archives and Records Administration, all of the agency's records – "including case files relating to preliminary investigations" – are supposed to be maintained for at least 25 years. But the SEC, using history-altering practices that for once actually deserve the overused and usually hysterical term "Orwellian," devised an elaborate and possibly illegal system under which staffers were directed to dispose of the documents from any preliminary inquiry that did not receive approval from senior staff to become a full-blown, formal investigation. Amazingly, the wholesale destruction of the cases – known as MUIs, or "Matters Under Inquiry" – was not something done on the sly, in secret. The enforcement division of the SEC even spelled out the procedure in writing, on the commission's internal website. "After you have closed a MUI that has not become an investigation," the site advised staffers, "you should dispose of any documents obtained in connection with the MUI." (Rolling Stone) | |||
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keywords: Adam Storch, American International Group, Andrew Tong, Bank Of America, Bankers Trust, Barry Walters, Bear Stearns, Bernie Madoff, Bill Laufer, Charles Grassley, Christopher Cox, Citigroup, Daniel Indiviglio, Darcy Flynn, Davis Polk, Der Spiegel, Deutsche Bank, Financial Crisis, Gary Aguirre, Gary Lynch, George Orwell, George W Bush, Germany, Goldman Sachs, Harry Markopolos, JP Morgan Chase, Jacqueline Millan, Joel Sauer, John Mack, John Nester, Julie Preuitt, Ken Hall, Laurence Brewer, Lehman Brothers, Linda Chatman Thomsen, Lynn Turner, Mary Schapiro, Morgan Stanley, National Archives And Records Administration, Paul Wester, Pequot Capital, Ping Jiang, Police, R Allen Stanford, Richard Walker, Robert Khuzami, Rolf Breuer, Sac Capital, Seaboard, Securities And Exchange Commission, Stephen Cutler, Texas, The Atlantic, US Congress, University Of Pennsylvania, Untied States, Wall Street, Whistleblowers, William Mclucas, Wilmerhale
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| 12/10/2007 |
Put carbon tax on babies: academic While carbon trading will no doubt play a key role in curbing emissions, environmental scientists say the politically sensitive issue of population growth also needs to be given more consideration in the climate change debate. Now a radical proposal to reduce population growth has been published in the Medical Journal of Australia a carbon tax on babies. The parents of any baby born today in Australia will receive a Federal Government bonus of $4,187. In July next year, that'll go up to $5,000. It's a controversial policy but the argument that it is environmentally unfriendly hasn't often been raised. Now though writing in the Medical Journal of Australia Barry Walters, an associate professor of obstetric medicine at the University of Western Australia, is making that case. Dr Walters says every family choosing to have more than a defined number of children should be charged a carbon tax. He goes on to argue that those purchasing condoms or undergoing sterilisation procedures should be awarded carbon credits. (Australian Broadcasting Corporation) | |||
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keywords: Australia, Australian National University, Barry Walters, Cam Walker, Carbon Dioxide, Climate Change, Eugenics, Friends Of The Earth Australia, Garry Egger, Indonesia, Jack Pezzey, Kyoto Protocol, Medical Journal Of Australia, New South Wales, Southern Cross University, University Of Western Australia
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| 12/10/2007 |
Tax babies 'to save planet' COUPLES who have more than two children should be charged a lifelong tax to offset their extra offspring's carbon dioxide emissions, a medical expert says. The report in an Australian medical journal called for parents to be charged $5000 a head for every child after their second, and an annual tax of up to $800. (News.au.com) | |||
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keywords: Australia, Barry Walters, Carbon Dioxide, China, Climate Change, Eugenics, Garry Eggers, India, Medical Journal Of Australia, Nsw Centre For Health Promotion And Research, Peter Costello
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