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Documents are largely from what is referenced by interesting films, Prison Planet/Infowars and the Corbett Report. This database is a quick reference and for your analysis, more independent from others' interpretations. The database includes almost all source documents and articles from these films: Loose Change (Final Cut & 2nd Edition), Fabled Enemies, The Obama Deception, End Game, Martial Law 9/11, American Dictators, Matrix of Evil, Zeitgeist: Addendum, Who Killed The Electric Car?, The World According To Monsanto, Mind The Gap, and 7/7 Ripple Effect.
Why Isn't Wall Street in Jail? Financial crooks brought down the world's economy -- but the feds are doing more to protect them than to prosecute them By Matt Taibbi. Over drinks at a bar on a dreary, snowy night in Washington this past month, a former Senate investigator laughed as he polished off his beer.
"Everything's fucked up, and nobody goes to jail," he said. "That's your whole story right there. Hell, you don't even have to write the rest of it. Just write that."
I put down my notebook. "Just that?"
"That's right," he said, signaling to the waitress for the check. "Everything's fucked up, and nobody goes to jail. You can end the piece right there."
Nobody goes to jail. This is the mantra of the financial-crisis era, one that saw virtually every major bank and financial company on Wall Street embroiled in obscene criminal scandals that impoverished millions and collectively destroyed hundreds of billions, in fact, trillions of dollars of the world's wealth — and nobody went to jail. Nobody, that is, except Bernie Madoff, a flamboyant and pathological celebrity con artist, whose victims happened to be other rich and famous people.
This article appears in the March 3, 2011 issue of Rolling Stone. The issue is available now on newsstands and will appear in the online archive February 18.
The rest of them, all of them, got off. Not a single executive who ran the companies that cooked up and cashed in on the phony financial boom — an industrywide scam that involved the mass sale of mismarked, fraudulent mortgage-backed securities — has ever been convicted. Their names by now are familiar to even the most casual Middle American news consumer: companies like AIG, Goldman Sachs, Lehman Brothers, JP Morgan Chase, Bank of America and Morgan Stanley. Most of these firms were directly involved in elaborate fraud and theft. Lehman Brothers hid billions in loans from its investors. Bank of America lied about billions in bonuses. Goldman Sachs failed to tell clients how it put together the born-to-lose toxic mortgage deals it was selling. What's more, many of these companies had corporate chieftains whose actions cost investors billions — from AIG derivatives chief Joe Cassano, who assured investors they would not lose even "one dollar" just months before his unit imploded, to the $263 million in compensation that former Lehman chief Dick "The Gorilla" Fuld conveniently failed to disclose. Yet not one of them has faced time behind bars.
"You put Lloyd Blankfein in pound-me-in-the-ass prison for one six-month term, and all this bullshit would stop, all over Wall Street," says a former congressional aide. "That's all it would take. Just once." (Rolling Stone)
EXCLUSIVE-Cyber bill would give U.S. emergency powers * Tech companies skeptical of costs, requirements
* Senate majority leader pushing cybersecurity proposal
* Cybersecurity expert says bill is "pretty vanilla stuff"
Proposed cybersecurity legislation circulating on Capitol Hill would give the president the power to declare an emergency in the case of big online attacks and force some businesses to beef up their cyber defenses and submit to scrutiny.
The draft bill, a copy of which was obtained by Reuters, allows the president to declare an emergency if there is an imminent threat to the U.S. electrical grid or other critical infrastructure such as the water supply or financial network because of a cyber attack.
Industries, companies or portions of companies could be temporarily shut down, or be required to take other steps to address threats.
The emergency declaration would last for 30 days, unless the president renews it. It cannot last more than 90 days without action from Congress.
The draft is a combination of two cybersecurity bills which were merged into one at the urging of Senate Majority Leader Harry Reid. "It (the draft bill) is something that we hope to be able to pass before the end of the year, if we can," Reid spokeswoman Regan Lachapelle told Reuters. (Reuters)
Did market manipulation cause Wall Street ‘flash crash?’ The Securities and Exchange Commission is keeping a close eye on a stock market practice that may violate rules against market manipulation, the Wall Street Journal reported yesterday. The practice, called quote stuffing, happens when stock exchanges are flooded and, at times, clogged by huge numbers of buy and sell orders orders that are ultimately cancelled.
Regulators are trying to determine if traders are using rapid-fire computerized trading systems to cause the inundation by design, purposefully gumming up the exchanges and giving traders an information advantage on small price movements in stocks.
The Journal reported that the SEC is investigating whether quote stuffing may have been one of the causes of the May 6 flash crash, when the Dow briefly plunged 1,000 points in a matter of minutes.
To get an idea of the volume of quotes produced by high-speed, computerized trading, consider this: During the day of the flash crash, there were hundreds of times that a single stock had over 1,000 quotes from one exchange in a single second, according to Nanex, a ticker of quotes and trades. (The Raw Story)
A List of Goldman Sachs People in the Obama Government: Names Attached to the Giant Squid’s Tentacles Here you will find, I believe, the most comprehensive list of people-groups yet available to show how Obama’s administration has really become the Goldman Sachs administration. The Obama administration is not the first administration that Goldman has infiltrated, although it is perhaps the one that has been most completely co-opted from top to bottom. (Fire Dog Lake)
The Great American Bubble Machine From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression — and they're about to do it again
But then, any attempt to construct a narrative around all the former Goldmanites in influential positions quickly becomes an absurd and pointless exercise, like trying to make a list of everything. What you need to know is the big picture: If America is circling the drain, Goldman Sachs has found a way to be that drain — an extremely unfortunate loophole in the system of Western democratic capitalism, which never foresaw that in a society governed passively by free markets and free elections, organized greed always defeats disorganized democracy. (Rolling Stone)
Since leaving the Clinton White House in 1997, Panetta has remained active in public life. He is codirector of a think tank, the Leon and Sylvia Panetta Institute for Public Policy at California State University—Monterey Bay. He also served on the Iraq Study Group and the Board of Directors for the New York Stock Exchange and has taught at Santa Clara University. (US News & World Report)
Taking unprecedented steps, the Fed and other major central banks on Monday poured hundreds of billions of dollars of added liquidity into money markets left paralyzed by fears of further bank failures in the United States and Europe. (Wall Street Journal)
The sell off is the largest percentage drop for the S&P 500 since Oct. 26, 1987. It also translates into a $700 billion loss for the day for the S&P, according to Howard Silverblatt, senior index analyst at Standard & Poor's. (CBS, Market Watch)
Until 1997 A.B. "Buzzy" Krongard had been Chairman of the investment bank A.B. Brown. A.B. Brown was acquired by Banker's Trust in 1997. Krongard then became, as part of the merger, Vice Chairman of Banker's Trust-AB Brown, one of 20 major U.S. banks named by Senator Carl Levin this year as being connected to money laundering.
The levels of put options purchased above were more than six times higher than normal. (From the Wilderness)
NYSE Chief Meets Rebel in Colombia The chairman of the New York Stock Exchange explained markets to a senior leftist guerrilla commander Saturday in Colombia's steamy southern savanna--and invited him to Wall Street for a firsthand look.
Richard Grasso met for 1 1/2 hours with Raul Reyes of the Revolutionary Armed Forces of Colombia, or FARC, in the remote hamlet of La Machaca.
Grasso told reporters afterward that the surprise meeting, his first with a rebel chief, was intended to demonstrate to FARC leaders the support of the world financial community for Colombia's fledgling peace process.
Stressing that his talks with a group that is on the State Department's terrorist list were strictly private, Grasso said he hoped his visit "will mark the beginning of a new relationship between the FARC and the United States."
He said he explained how Colombia would benefit from the increased global investment it could expect if nearly four decades of civil conflict can be ended. (Associated Press)
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Most links are to significant information 'validated' as 'true' by the Mainstream Media, sometimes buried in the final paragraphs,
which are directly referenced by the Alternative Media/New Media in creating controversial alternative analysis.
So check out some mainstream evidence and see if you naturally end up agreeing with an alternate analysis.
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