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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

Sunday, August 28, 2011

Let's Get Political...Government Should UPHOLD the Law NOT Help Break It.

Larry's Corner

Politics and our government specifically has, in my opinion, done more to break and circumvent laws.  This complete disregard for our laws and the protection of our people has been led by the leaders of our government from the President on down to our Congressmen, Senators, Governors, Mayors and even Judges.  This has been gong on for quite some time but became blatantly evident during the George W. Bush administration.  It matters not Republican or Democrat.  Both sides are guilty and seem to work from the same play book in what I have called a Democratic Dictatorship.

From illegal wiretapping to allowing white collar crime (for a select group of elite primarily in the finance industry), our government - past and present - continue to violate our Constitution and our constitutional rights if it works to their advantage.

Is anyone paying attention out there?  It seems not as their is little outcry from the masses.  Yes, there are those like New York Attorney General Schneiderman who would see justice done and there are those main street reporters like Matt Taibbi and Gretchen Morgenson who are not afraid to speak out.  Yet, you will not hear this type of criticism from Anderson Cooper of CNN.  How about putting some of these politicians on your Ridiculist?  You won't hear about this on the NBC, CBS or ABC evening news.  How about it "high profile" news anchors?  Your job is to report the news. Is this continued attempt by government to cover up and condone the breaking of law and our Constitution not news?  You should all be on the "Ridiculist".

How about it FOX News.  Where are you?  We all know what side of the political spectrum you stand on. What a great opportunity for you to voice your opinion on this topic and serve your own needs at the same time.  Just expose the current tidal wave of this administration, you don't even have to go near the previous one.

And my fellow Americans.  Where are you?  You are losing your jobs, your homes, your retirement savings and most of all your dignity.  You need to be seen and heard.  Yes, you comment on the various blogs on cyberspace but to no avail.  We need to write our politicians, call them and do so consistently.  We need them to hear us not ignore us.  As in my previous post, they are our servants not our masters and too many of us allow them to enslave us and be our masters.

Now let's hear from two journalists who are not afraid to speak out publicly, Matt Taibbi of The Rolling Stone and Gretchen Morgenson of the New York Times.  In a recent post on line -  Obama Goes All Out For Dirty Banker Deal - he references another article by journalist Gretchen Morgenson of the New York Times - Attorney General of N.Y. Is Said to Face Pressure on Bank Foreclosure Deal (the topic of one of my previous posts).  Note:  click underlined to link to original articles by each.
A power play is underway in the foreclosure arena, according to the New York Times.

On the one side is Eric Schneiderman, the New York Attorney General, who is conducting his own investigation into the era of securitizations – the practice of chopping up assets like mortgages and converting them into saleable securities – that led up to the financial crisis of 2007-2008.

On the other side is the Obama administration, the banks, and all the other state attorneys general.
This second camp has cooked up a deal that would allow the banks to walk away with just a seriously discounted fine from a generation of fraud that led to millions of people losing their homes.
Not that Matt does not express himself well, but, what he is saying is that there is a power play here between Justice and Injustice.  A power play between selective distribution and dispensation of our laws.  In other words, selective enforcement.  If you are in the select group of elite then our laws will not and do not apply.  You may commit atrocities against your fellow citizens and even citizens of the world without fear of capture, prosecution and punishment.  In deed, should you be discovered of such illicit practices by mountains of real evidence, the government will either look the other way or take its' own illegal action to let you go.

We have a government gone wild.  A government reminiscent of many other oppresive regimes past and present.  Regimes we sacrifice our kids for in the name of JUSTICE and DEMOCRACY.  How hypocritical we are.
This is all about protecting the banks from future enforcement actions on both the civil and criminal sides. The plan is to provide year-after-year, repeat-offending banks like Bank of America with cost certainty, so that they know exactly how much they’ll have to pay in fines (trust me, it will end up being a tiny fraction of what they made off the fraudulent practices) and will also get to know for sure that there are no more criminal investigations in the pipeline. 
"...all about protecting the banks...".  Is it not the job of government to protect the people?  Is that not the oath they all take when sworn in to their respective offices?
Oath of Office for President

US Constitution, Article II, Section 1
Before he enter on the execution of his office, he shall take the following oath or affirmation: "I do solemnly swear (or affirm) that I will faithfully execute the office of President of the United States, and will to the best of my ability, preserve, protect, and defend the Constitution of the United States."
I do solemnly swear (or affirm) that I will support and defend the Constitution of the United States against all enemies, foreign and domestic; that I will bear true faith and allegiance to the same; that I take this obligation freely, without any mental reservation or purpose of evasion; and that I will well and faithfully discharge the duties of the office on which I am about to enter: So help me God.
Solemn Oath of Justices and Judges
Each justice or judge of the United States shall take the following oath or affirmation before performing the duties of his office
"I, ________, do solemnly swear (or affirm) that I will administer justice without respect to persons, and do equal right to the poor and to the rich, and that I will faithfully and impartially discharge and perform all the duties incumbent upon me as ________ under the Constitution and laws of the United States.  So help me God."
I believe to preserve, protect and defend the Constitution of the United States, is meant to protect the people who are guided and protected by it.  I do not believe that the Constitution allows government to select which of the people it is to protect and which of the people it is to allow to pillage and plunder, rob and thieve.

Even amongst thieves there is now two classes.  The common thief who can walk into a bank and rob it and the elite financial industry thief who can walk into your life and rob it.  The first will be apprehended by the law, charged, prosecuted and in all probability face many years of prison.  The latter group - the elites - can openly rob us and never face any charges.  Only a few the government uses as scapegoats - like Bernie Madoff or recent times and Michael Milken of years gone by - ever do the time.  Neither of them could ever have done what they were accused of without the knowledge and sanction of government.

In fact, Milken - who created the junk bond, unlike mortgage backed securities and CDO's, had SEC approval.  Milken, unlike the Wall Streeters today, called his paper exactly what it was - junk - and did not give them exotic, colorful names like MBS's, CDO's or Credit Default Swaps.  Junk Bonds, by the way, are very heavily traded legally today.  Go figure!

To fully understand the total impact of governments attempt to forcefully get AG's to agree to only fine and not prosecute banks(ters) read Taibbi's description.
This deal will also submarine efforts by both defrauded investors in MBS and unfairly foreclosed-upon homeowners and borrowers to obtain any kind of relief in the civil court system. The AGs initially talked about $20 billion as a settlement number, money that would “toward loan modifications and possibly counseling for homeowners,” as Gretchen Morgenson reported the other day. (emphasis added)
Constitutional?  Lawful? Protection of the people?  Fair?
Simply dictatorial with a plan to transfer wealth to the elite and annihilate everyone else forcing all into financial slavery.
So this deal being cooked up is the ultimate Papal indulgence. By the time that $20 billion (if it even ends up being that high) gets divvied up between all the major players, the broadest and most destructive fraud scheme in American history, one that makes the S&L crisis look like a cheap liquor store holdup, will be safely reduced to a single painful but eminently survivable one-time line item for all the major perpetrators.
Read all of Matt Taibbi's here
Read all of Gretchen Morgenson's article in here

I wish to personally thank Gretchen Morgenson and Matt Taibbi for having the guts to publish the truth and expose those guilty of violations against us...even the government.  Gretchen and Matt are not afraid to do their jobs of reporting facts and truth.  Both are true Americans and REAL journalists.

If we allow this injustice to occur and do not stand up and back up our public servants like Schneiderman then this country and all it stands for will be lost forever.  If you think we have it bad now, just wait and see how much worse our children and grandchildren will have it.

We are seeing history repeat itself of governments overpowering the people, creating an elite class of mega rich, an elite class of mega powerful turning this small hand full of people into the very privileged.  The HAVE's and all the rest of us The HAVE NOT's.

Ever wonder how tyrants and dictatorships take hold of populations without force or gunfire? 
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