Frontline This Week

http://www.pbs.org/wgbh/pages/frontline/untouchables/
Just a very good one to watch:

And this news: THE LATEST
Report: DOJ Criminal Chief Lanny Breuer Stepping Down
January 23, 2013, 6:04 pm ET · by Sarah Childress
Lanny Breuer is leaving his position as head of the Justice Department’s criminal division, The Washington Post reported Wednesday. As assistant attorney … Continue reading →

Did Wall St. Get Away With It? Live Chat Wed. 2 pm ET
January 22, 2013, 10:52 pm ET · by Nathan Tobey
Join us for a live chat on “The Untouchables” with producer Martin Smith and New York Times DealBook reporter Peter Eavis at 2pm ET on Wednesday, January 23rd. You can leave a question now.
Blowing the Whistle on the Mortgage Bubble
January 22, 2013, 9:44 pm ET · by Azmat Khan
Well before the 2008 financial meltdown, mortgage industry insiders discovered a ticking time-bomb that they say went up to the very top of Wall Street. What did they find? Who did they warn? And what happened to their warnings?

Too Big To Jail? The Top 10 Civil Cases Against the Banks
January 22, 2013, 9:44 pm ET · by Jason M. Breslow
In nearly every major legal case to emerge from the crisis, government prosecutors have won multi-million dollar settlements, but companies and officials have not been required to admit wrongdoing.

Were Bankers Jailed In Past Financial Crises?
January 22, 2013, 9:43 pm ET · by Jason M. Breslow
Not one Wall Street executive has been prosecuted for fraud related to the subprime crisis. How does that compare to past downturns?

Phil Angelides: Enforcement of Wall St. is “Woefully Broken”
January 22, 2013, 9:42 pm ET
The current system of enforcement in the financial services industry has done little to deter pervasive fraud, says the former chairman of the Financial Crisis Inquiry Commission.

Lanny Breuer: Financial Fraud Has Not Gone Unpunished
January 22, 2013, 9:42 pm ET
Prosecutors are holding Wall Street to account for the financial crisis, but success should not be measured solely by the number of convictions to date, says the head of the Justice Department’s criminal division.

Ted Kaufman: Wall Street Prosecutions Never Made a Priority
January 22, 2013, 9:41 pm ET
The lack of high-level prosecutions from the financial crisis can be traced to the Obama administration’s ambivalence to upset the banks, the former U.S. senator told FRONTLINE.

As Deadlines Loom for Financial Crisis Cases, Prosecutors Weigh Their Options
January 22, 2013, 9:40 pm ET · by Jason M. Breslow
For more than four years, regulators have struggled to successfully prosecute a Wall Street bank or its executives for alleged misconduct during the financial crisis. Now, time may be running out.

“Fraud Was … the F-Bomb”
January 22, 2013, 10:29 am ET · by Jason M. Breslow
Well before the housing bubble burst, alarm bells were beginning to sound among key players in the mortgage industry: due diligence underwriters.

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  1. Uniformityville_horror’s avatar

    Banks Confuse Uncertainty, Risk
    http://www.sciencenews.org/view/generic/id/345625/description/Banks_err_by_confusing_risk_uncertainty

    Quote from article:
    It’s hard to predict currency values worse than the banks did,” Gigerenzer said. “Highly paid people produced worthless predictions.”
    ————-

    Meanwhile, having watched frontline for the third time, I am seeing phrases from the bad guys like Breuer phrases and and others’words like “Don’t think….”, “trust me….”, “believe me….”. Very nice Bush and Obama words but words that make me massively distrust in a very immediate way. Anyone who says those words trigger alarm bells in my head, telling me to pull back and really take a look at this person from afar and don’t believe anything until you know.

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      1. Uniformityville_horror’s avatar

        WOW.
        (major pause)
        WOW

        Russia was my immediate thinking regarding this. But there are massive power-mongers out there linked to banking that could have done it too. All my prayers go to “their” dissimination and demise. I have read that the Russians also funded the Tea Party movement. Stands to reason. What goes around (decades ago in Afghanistan) comes around. I just hope the Russia knows that there are rogue factions in the USA government and above them even, people who do not represent the sentiments of The People.
        (I used to date a Russian, from St. Petersberg, a couple of decades ago in Lawrence, He was in love…, or in something else).

        Reminds me of the withdrawl that sent Argentina spiraling down, down, down. Something is going on.
        Better put your savings in S. American currency, since they have already had their crashes, and are one solid footing,… kind of. Brazil has some strange problems just now tho.

        Then there is THIS today, not about banking, but about the DOJ: A WHOPPER!!

        Anonymous avenges death of Aaron Swartz with takeover of US government judicial website and message of freedom
        http://www.naturalnews.com/038829_Anonymous_Aaron_Swartz_secret_documents.html
        “Citizens of the world,

        Anonymous has observed for some time now the trajectory of justice in the United States with growing concern. We have marked the departure of this system from the noble ideals in which it was born and enshrined. We have seen the erosion of due process, the dilution of constitutional rights, the usurpation of the rightful authority of courts by the “discretion” or prosecutors. We have seen how the law is wielded less and less to uphold justice, and more and more to exercise control, authority and power in the interests of oppression or personal gain.

        Learn more: http://www.naturalnews.com/038829_Anonymous_Aaron_Swartz_secret_documents.html#ixzz2JK4Am2kx

        Mike Adams is fun to follow. He has an agenda, no doubt about it. And so does Anonymous, perhaps the greatest heroes of the information age. I would just LOVE, love, love to fund them. But all things pure eventually corrupt.

        It is time to see the egotistical, corporate-purchased, anti-Constitution, evil people in our glorious US government on their knees, in front of The People, begging our forgiveness.

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  2. Uniformityville_horror’s avatar

    Record withdrawals at U.S. banks as Americans lose trust in financial system

    Thursday, January 31, 2013 by: Ethan A. Huff, staff writer

    Learn more: http://www.naturalnews.com/038902_fractional_reserve_banking_withdrawals_economic_collapse.html#ixzz2JfRZnTap

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  3. Timbuk3’s avatar

    U.S. Stocks Rally for Fifth Straight Week on Jobs Report.

    Stocks rally; Dow closes over 14,000

    Reality can be such a bitch, sometimes.

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    1. Uniformityville_horror’s avatar

      How long you think that will last?
      How abstract are you wanting us to take this?

      I sold some of my stock, then it fell in price. And now, once the target goal is met, I am taking it all out and buying wind turbines and solar panels. I want off the grid completely.

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      1. Timbuk3’s avatar

        I don’t know how long it will last. I do know that the stock market does best when we have a Democratic President. The numbers are something like 5-7% growth under Democrats and 1-3% under odious Repiglican Presidents. That’s from memory so may not be perfectly accurate, but it really is that big of a difference.

        Wind turbines and solar panels are great investments. I have enough solar panels that I only pay an electric bill in January, when the days are the shortest. Considering my income will be fixed when I retire, it’s nice to know that no one can raise my electric rates. They’ve been raised at least 3 times since I installed my panels, and I’m sure some of my neighbors are now paying up to $400/month during the hot summer months. Bills probably average $150-200/month over the full year, so once the panels are paid for I can count that much as “income” every month.

        I feel good about my electric use not putting even more carbon into the atmosphere, but economically it’s a great deal for us.

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        1. Uniformityville_horror’s avatar

          Yeah, aren’t democrats such great guys??!!

          If Guilty, Menendez Could Face 30 Years in Prison
          3:28 PM, Jan 31, 2013

          If Senator Bob Menendez of New Jersey is found guilty of traveling to the Dominican Republic to engage in sexual intercourse with underage prostitutes, he could face up to 30 years prison. The appropriate law, which would seem to apply in this instance, is the Prosecutorial Remedies And Other Tools To End The Exploitation Of Children Today (or the Protect Act).

          Menendez voted for the law when he was a member of the House of Representatives.
          continued

          http://www.weeklystandard.com/blogs/if-guilty-menendez-could-face-30-years-prison_699084.html


          Wow, you rock. Other than the passive solar, hot H2O heater on demand, and the woodburning stove, which I have only used on days when temps are in the teens or less, which have not been too many, I have not gotten the solar panels. Would like to see every household in the USA to have a small turbine or two on their rooftops to ease the national use of coal.

          Just got a letter from those horrible energby people who forced us to put horrible, unhealthful smart meters on the house, saying they would love to put in a thermostat for me. I told them it would be a cold day in hell before I allowed an energy company in my house to do something like that. Didn’t tell them I already have one. LOL. Told them that they day they force those thermostats in this household, their goods and services are no longer needed. Said IOW, you will be fired if you insist, that I will not buy their product. Also said that it may well be that they have to pay me for the energy I generate.

          Once I even went down to the rail road tracks and picked up what coal I could for personal use. Not much there.

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          1. Timbuk3’s avatar

            If Guilty, Menendez All Democrats Could Face 30 Years in Prison
            3:28 PM, Jan 31, 2013

            If Senator Bob Menendez of New Jersey is all Democrats are found guilty of…

            There. Fixed it for ya.

            Oh, wait…

            If Guilty, Menendez All Democrats Could Face 30 Years in Prison
            3:28 PM, Jan 31, 2013

            If Senator Bob Menendez of New Jersey is all Democrats are found guilty of…

            Wait a minnit…

            “If”?

            Wow. I’m convinced. “Democrats are just like Republicans”™.

            Not.

            “Wow, you rock.”

            Yeah. I kinda do. :-)

            Seriously, we need to push our reps to help everyone get access to solar power. Easy in the suburbs; a combination of multi-year tax breaks and subsidies, but not so easy in cities, where so many live in apartments, but there’s still gotta be a way, even if it’s just to supplement their electrical needs by putting a few on the roof, for starters. Maybe cities could build “solar farms” to feed the apartment dwellers. Then there’s wind

            Seriously, if you want to know more about this let me know. I’ve done a LOT of research into what it takes to get off the grid, including the advantages of “on the grid” vs “grid-tied” vs “off-the-grid”.

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            1. Uniformityville_horror’s avatar

              I once asked our city commission to make a ordinance that all new home starts have at least two difference sources of alternative energy built into the homes. But you know city commissions, and their need to invite ghastly urban sprawl, while condemning properties in the heart of Lawrence, you know, the Quantrill’s killing zone.

              It used to be that I lived in a big, very old house on the hill west of Lawrence, with my bedroom overlooking the lights of Lawrence. However, that peaceful, humble spot is now filled with $400,000 houses that really are worth somewhere around $200,000, given the low quality of building materials these days and the lack of craftsmanship in them. I have fond memories of that old house. Local bands used to rent it, and all the band members would bunk there. While I lived there, a pianist waiter at the free state brewery and a bass player for Common Ground lived there.

              Just reflecting:
              One day, I came home from working at the hospital, to head up the servant stairs to my room, when I came face-to-face with a decent-sized snake slithering down the stairs. Bastet (the Egyptian cat goddess) the well-loved cat belonging to the house, perched at the upper landing of the stairs, was chasing the snake down the stairs, towards me. I got up on the kitchen table and let the snake find his way to the basement. Then I took the grand, front stairs up to my room. That house was said to be haunted. I never sensed a thing while there. Funny tho, I have a real affinity to the symbol of snakes and love cats.

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