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According to the Collins English Dictionary 10th Edition fraud can be defined as: "deceit, trickery, sharp practice, or breach of confidence, perpetrated for profit or to gain some unfair or dishonest advantage".[1] In the broadest sense, a fraud is an intentional deception made for personal gain or to damage another individual; the related adjective is fraudulent. The specific legal definition varies by legal jurisdiction. Fraud is a crime, and also a civil law violation. Defrauding people or entities of money or valuables is a common purpose of fraud, but there have also been fraudulent "discoveries", e.g. in science, to gain prestige rather than immediate monetary gain
*As defined in Wikipedia

Thursday, August 12, 2010

LARRY'S CORNER: The Latest Folk Hero Cries Out -ENOUGH IS ENOUGH

Seems like Jet Blue's flight attendant has become a folk hero for getting "mad as hell" and not taking it anymore.  After a 20 year career he cursed back at a belligerent passenger who cursed at him after being told to follow the rules and stay seated until the air craft reached the gate and the pilot turned off the Fasten Your Seat belt sign.

Flight attendants do have a hard time with the flying public as do many airline employees.  The stress level of flying is always high and given these hard and harsh economic times, the stress levels are even higher and more spontaneous.

All people - not only passengers - have a breaking point - and like in the movie Network, become "mad as hell" and don't take it any more.  The Jet Blue flight attendant is one of them.

Another notable is Representative Charlie Rangel, (D, N.Y.) who said "Enough is Enough" wanting to put an end to a two year ethics committee investigation.  He simply wants to stop dragging this out, have the committee bring forth the charges and evidence, allow him to defend those charges and allegations and get a ruling one way or the other.  In other words, he is "mad as hell" and he doesn't want to take it any more. He wants it settled once and for all.
Representative Rangel has been a Democratic member of the United States House of Representatives since 1971, representing the Fifteenth Congressional District of New York, and is the most senior member of that state's congressional delegation. He is a founding member of the Congressional Black Caucus. In January 2007, Rangel became chairman of the powerful House Ways and Means Committee, the first African-American to do so.(Source:Wikipedia)  
After serving 39 years in Congress, he too has had enough but he, in contrast to our flight attendant is not ready to just "grab two beers" and "slide down the ramp" leaving his career behind.  Rep. Rangel wants his "day in court" sort of speak and let the cards fall where they will after that.  He is asking that the Congressional Ethics Committee not wait until they reconvene in November - just before the elections - in which Rangel is running for re election.

Regardless of how or what you feel about Rangel, he is entitled to a speedy  "hearing" and a speedy opportunity of presenting his case.  However, our political process functions soley on its own behalf with no regard to right or wrong or who it may harm.  It serves only for the purpose of its own interests for whoever is in control and needs to benefit.  As Rangel put it, "the system isn't working for him, it may not work for others".

So too is the case with Maxine Waters.  
A Democratic member of the United States House of Representatives since 1991, representing California's 29th congressional district and later California's 35th congressional district (map). She is the most senior of the 12 black women currently serving in the United States Congress, and is a member and former chair of the Congressional Black Caucus. Before Congress she served in the California Assembly, where she was first elected in 1976.(Source: Wikipedia)
According to a New York Times report Rep. Waters (D, CA), is also asking for a "speedy trial" on her alleged ethics violations being investigatged by the same Congressional Ethics Committee as is investigating Rep. Charlie Rangel.

The NYT article in part reads:
Representative Maxine Waters, Democrat of California, frustrated that the start of her ethics trial has not even been scheduled, urged the House ethics committee on Wednesday to formally release a list of charges that have been filed against her and to accelerate any trial so that her case can be resolved before the November election.

Ms. Waters, the ethics committee announced on Monday, has been charged with a still unannounced set of ethics violations, following a nine-month investigation into allegations that she had improper communications with executives from OneUnited Bank, a Massachusetts-based institution that her husband owned stock in and had once served on the board of directors, as the bank sought bailout funds from the federal government in late 2008.
But when the ethics committee on Monday announced the eight members who will make up a special panel to hold this trial, it declined to set a date for its first meeting, as it is already busy preparing for a separate trial of Representative Charles B. Rangel, Democrat of New York, who is also facing an unrelated set of ethics charges. One committee official said last week that the committee would not likely be able to handle two trials at once, so it is unclear when Ms. Waters’s trial might start. The ethics committee even put off to an undetermined date the release of a formal list of charges against Ms. Waters.
Read the full here

Again, regardless of how or what you think about Rep. Waters, she is right to be "mad as hell" and want a speedy ethics review bringing or dismissing any allegations for charges yet to be brought out.  She too is basically saying "Enough is Enough, I'm mad as hell and I'm not going to take it anymore."

So what does all of this have to do with our focus on Goldman Sachs?  Plenty, especially when you ask yourselves when is "Enough" - Enough?  Are we "mad as hell" about the actions and the consequences of those actions taken by Goldman Sachs that befell and harmed the world?  Is it time to say ENOUGH IS ENOUGH?

Some of us are "mad as hell" and are trying to do something about it.  Mike Morgan, our founder, was "mad as hell" and wasn't going to take it anymore when he started this blog.  Remember, they tried to beat him down and prevent this blog form being published but he stood up to them and beat them.

I was "mad as hell" when the actions of Goldman Sachs along with their band of merry banksters destroyed the mortgage industry, then the real estate industry then our entire economy along with the economies of many other nations.  I founded TheMortgageFORUM to voice the truth amid all the lies coming from Wall Street and our Government.  I began writing for another blog - - dedicated to exposing those committing fraud in the real estate and mortgage industries.  My focus however, was to expose the banks and Wall Street, something everyone seems - to this day - to be afraid to do.  Then I stepped up to take over this site as well as the other 666 sites after Mike's health forced him to remove himself.  You see, I am still "mad as hell" and I am NOT going to take it any more.

RobertM, who you see posting almost daily from the very beginning of this site is "mad as hell" and is showing it through his participation here. He is doing something about it but are any of us doing enough?  Our individual efforts are commendable.  The individual efforts of so many other publishing blogs on this and related topics are also very commendable.  However, to be successful in this effort our voices must be unified and numerous.  We must stand together and shout ENOUGH IS ENOUGH, We are mad as hell and we aren't going to take it any more. 

The sins - no, the crimes - of Wall Street led by Goldman Sachs have been exposed yet no one, not the government, not any states, not any legislator, not anyone has cried out - ENOUGH, I'M MAD AS HELL AND I'M NOT GOING TO TAKE IT ANY MORE.

We all seem to be fed up.  We comment on blogs like this and others, we complain to our friends, relatives and neighbors and we applaud meaningless actions like that taken by the SEC against Goldman Sachs.

Many of us follow the behaviors of Goldman the company as well as the many Goldmanites that work there starting with their CEO, Lloyd Blankfein and working our way down the ladder.  We seem to revel in the idea that they are a "vampire squid". We love to hate them for the attitude that they are above us all including the government.  We hate them for the money they make which they take from the economies of nations (the people) and we hate them for their justifications for doing so (doing God's work).

But hating them is simply not enough.  We all need to  get "mad as hell" and say we are not going to take it any more.  We need to DEMAND of our elected politicians and our law enforcement system to stop giving us lip service and begin serving us justice.

Folks, it is time for all of us to say ENOUGH IS ENOUGH, demand that the law work as it should.  We need to bring those responsible for our current miseries - the Recession, the unemployment and the transfer of wealth out of the middle class - to justice.  It is time we stand up -united - and say ENOUGH,  grab those two cans of beer and leap off that jet not fearing the consequences.  After all how much worse can it get?

If you are one of the 16% unemployed and/or underemployed then haven't you had ENOUGH?  If you are one of the 40.8 million receiving food stamps, have you not had ENOUGH?  If you are amongst the millions who have lost their homes or are about to lose your home to foreclosure from the banksters that put you in that position in the first place, haven't you had ENOUGH?

And most important, if you are the parent of one of the 12 million children that go to bed hungry in this country, haven't you had ENOUGH?  And more important, if you are not the parents of those 12 million children aren't you "mad as hell" that there are so many hungry children here while the bonuses at Goldman Sachs are paid out in the billions of dollars.  How much of those bonuses could feed all of those children?  Source of information on numbers of hungry children taken from  who makes the following statement...
  ...we need to clean up our side of the street, and should feed the estimated 12 million children in the United States that go to bed hungry every night.)
We need to put an end to the corruption that exists in corporate American - specifically on Wall Street.  We need to put an end to the favorite status of Goldman Sachs as Too Big To Fail, along with all of the other guilty TBTF's of Wall Street.  We need to put an end to the political influence that exists by these banksters and put an end to the continuous revolving door form their board room to places of high importance in our government.


We must also put an end to our government working on behalf of "them" and not US, the people of the U.S.


 Our Jet Blue flight attendant may just have given a wake up call to all Americans.  We are mad as hell and we are not going to take it any more. 

Charlie Rangel - be he innocent or guilty - displayed and verbalized his attitude of being "mad as hell" and not going to take it any more.  His unprecedented address to Congress on Tuesday was a testimony to that.  And Maxine Waters, again, be she right or wrong we don't know, but she is "mad as hell" because "they" won't bring allegations or charges openly or timely.

I applaud all three of these individuals for their guts in taking the actions and making the statements they did.  

Now is your time and here is your opportunity to cry out - ENOUGH!


Anonymous said...

Goldman: New Reform Law Can Kiss Our Ass

Anonymous said...

Guess we haven't had enough....

The Rubin Con Goes On

Rubin and Summers were responsible for forcing Brooksley Born out of the Clinton administration because as chair of the Commodity Futures Trading Commission she had the temerity to suggest regulating the mortgage-backed securities that eventually proved to be so toxic. Instead, Rubin and Summers pushed the Commodity Futures Modernization Act, which Clinton signed into law in his last month in office, categorically exempting those suspect derivatives from any government regulation.

Anonymous said...

Forget Rangel and the rest...they place us violins

Charlie Rangel Charged With Numerous Ethics Violations, Among Them
Offshore Drilling Tax-Related Kickbacks

If the fourth most senior democrat is guilty of this (and possibly
much more), one wonders why America still tolerate a class of
politicians which is certainly the most corrupt group of humans to
have ever existed, and where a full blown court trial of each and
every one would reveal so much dirt, it would be sufficient to put
normal citizens behind bars for thousands of years. But then again,
when the entire nation is based on the same principle that got Barney
Frank behind bars for 150 years, and where hypocrisy knows no bounds,
there is little that can surprise one any more and nothing short of a
revolution likely has any hope of any remedial action.

Rep. Charlie Rangel swears at Jason Mattera over scandal questions

Anonymous said...


Anonymous said...

Is enough ever enough?...that's really the question...

"Are You Ready for the Next Crisis?"

By Paul Craig Roberts

Millions of Americans have lost their homes and half of their retirement savings while being loaded up with government debt to bail out the banksters who created the derivative crisis.

Frontline’s October 21 broadcast, “The Warning,” documents how Federal Reserve Chairman Alan Greenspan, Treasury Secretary Robert Rubin, Deputy Treasury Secretary Larry Summers, and Securities and Exchange Commission Chairman Arthur Levitt blocked Brooksley Born, head of the Commodity Futures Trading Commission, from performing her statutory duties and regulating OTC derivatives.

After the worst crisis in US financial history struck, just as Brooksley Born said it would, a disgraced Alan Greenspan was summoned out of retirement to explain to Congress his unequivocal assurances that no regulation of derivatives was necessary. Greenspan had even told Congress that regulation of derivatives would be harmful. A pathetic Greenspan had to admit that the free market ideology on which he had relied turned out to have a flaw.

Greenspan may have bet our country on his free market ideology, but does anyone believe that Rubin and Summers were doing anything other than protecting the enormous fraud-based profits that derivatives were bringing Wall Street? As Brooksley Born stressed, OTC derivatives are a “dark market.” There is no transparency. Regulators have no information on them and neither do purchasers.

Anonymous said...

Anonymous (third above), in para two I think you mean Bernard Madoff rather than Barney Frank. (But maybe you are prescient!)

JR said...

For those of you readers who would like to understand the present financial crisis and the possible remedies, you may want to read the following on-line book:

Anonymous said...

Key phrase....
Gresham's dynamics....

Fraud factories.....

Max talks to former banking regulator William K. Black about rackets and fraud in the financial sector.

Anonymous said...

Our U.S. Constitution is nothing but a GD piece of paper and the truth has been set free on this.

First, the POLICE in America can WARRANTLESS ARREST. Go figure.

Why? GLOBALISM. This is the key to America's stupidity. It refuses to believe that the whole planet is not signing up for Goldman Sach's fraud!

How un-slave-like!!

What to do? When A FEDERAL STATUTE (see American Free Press), allows for huge profit margins on top of greater ones and the retirement portfolios are absolutely bursting at the seams with the debt Americans' have been saddled with as more pretty baubles for the crime class of attorneys running the country ...

... it is time to see the BIG O for an icon to the criminals who are "government" and know that colonialism was sold as globalism to be sure modern times were in a love fest with the private-public partnerships of China, et al.

Those who are enjoying this period of colonialism found willing partnerships with other governments who also think freedom is only for those who type the digits on computers and sell as "money."

Time to impeach all the colors of the rule of law which continue to place globalism above the US Constitution.

That simple.

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