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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

Monday, May 9, 2011

The Injustice of Justice: Why Goldman Sachs and Others Go Free

I have for many years now asked why no criminal charges have been brought against the "banksters" that run or ran those criminal banks(ter) operations.  Yes, The Goldman Sachses of the organized bank(ster) organizations.  The Deutche Banksters, the Bansters of America, the J.P. Morgan - Chase gang along with so many more.

Financial criminal activity is so prevalent in our society it is almost as if - no it is - an accepted and seemingly normal condition.  The American public has obviously learned to live with the fact that we can get "robbed" at our local bank and our local gas station.

What is even worse in our so called Democratic Republic is that our Democrats and Republicans all promote and protect this criminal behavior and activity.  Indeed, the "Republocrats" are an integral part of this very well organized and criminal enterprise.  Without their aiding and abetting through their intentional lack of oversight and enforcement, most of this activity could not occur.  Again, I say, if anyone believes that Madoff pulled off his scam without Republocarat assistance then I have a crumbling bridge somewhere in American I would like to sell you.

Others feel the same as I do.  I know many of our readers based on their comments do.  There are a handfull of main stream reporters who do and there are even a few -albeit a very few - who do.

One in particular who does is New York Tijmes op ed columnist Joe Nocera.  In an article he published on May 6th, You Call That Tough?, he says,
Are there any lies that amount to crimes? When it comes to financial executives, it sure doesn’t look that way.
He is basically saying the samething I am saying.  When it comes to criminal behavior of the bankster gang, our laws are interpreted differently.  A lie that defrauds someone lands some in prison.  Lies that bring down an entire economy, wipe out a majority of middle class, create a RRecession (yes it was a double capital R recession) causing more foreclosures, unemployment, hunger and homelessness then we have seen in decades.  Even more by sheer numbers of people (not percentages) the what we call the Great Depression.

Nocera, in his article talks about the actions taken by New York U. S. Attorney, Baharara against Deutsche  Bank.  Along the way he touches upon some others in the Organized Crime Family of Banksters.

I am not sure what it would take for Justice to be truly dispensed in this country anymore.  It seems that the "Scales of Justice" have been electronically modified so that when a certain amount of wealth is placed on them they remain level.  Yet place a lower economic element on them and they will surely tip strongly against.

I know those of us who blog, read and comment on blogs such as this one are a very small fragmented voice.  Even Joe Nocera's voice is muted.  The powers of the justice system that we somehow are responsible for putting in place do not and will not listen.  Some are elected, some are appointed and all of them are deaf to those of us whom they serve.  All are public servants - servants of the people.  We must break the rule of lawlessness in this country, bring back justice.  As it says in our Pledge of Allegiance (does anyone remember that?) "With Liberty and Justice For All".

Here is a clip of the first few paragraphs of Joe Nocera's column. The link to the full article is below.

It was Tuesday, and the U.S. attorney in Manhattan was proudly unveiling a lawsuit against Deutsche Bank that his office had filed that morning. As he took reporters through the legal complaint, Bharara spoke sternly about how the bank had defrauded the Federal Housing Administration, which had insured hundreds of millions of dollars’ worth of bad loans that the bank then sold to investors, reaping handsome fees.

Listening to Bharara, one could easily think that prosecutors were finally — finally! — getting tough on the bad behavior that helped bring about the financial crisis. Alas, it was mainly an illusion.
Upon closer inspection, it turns out that the main target of Bharara’s wrath was MortgageIT, a smallish division that Deutsche Bank bought in 2007 — eight years into an alleged fraud that ended in 2009. In the complaint itself, not one MortgageIT executive was singled out as a wrongdoer; it was as if this faceless corporation had somehow defrauded the government without human help.
Read the full here

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Anonymous said...

Do you really think we'll get justice from the top-down?..think again...

The Unwisdom of Elites

So this seems like a good time to point out that this blame-the-public view isn’t just self-serving, it’s dead wrong.

The fact is that what we’re experiencing right now is a top-down disaster. The policies that got us into this mess weren’t responses to public demand. They were, with few exceptions, policies championed by small groups of influential people — in many cases, the same people now lecturing the rest of us on the need to get serious. And by trying to shift the blame to the general populace, elites are ducking some much-needed reflection on their own catastrophic mistakes.

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