Wall Street Banks Already Breaking Law Again, Violating Settlements With Prosecutors

By: Thursday October 30, 2014 9:46 am

Brace yourself for an epic shock – Wall Street is breaking the law again.

After a couple of years of questionable compliance with legal settlements the banksters are now straight up violating the terms of the deals prosecutors and regulators struck as an alternative to criminal charges. Apparently, as has been argued by everyone not dim or bought, settlements do not work to stop criminal behavior. Something prosecutors seem genuinely surprised by as they are having to reopen old settlements because the banks are back to their old tricks.

 

After Corruption Scandal Federal Reserve Says It May Start Enforcing Law

By: Tuesday October 21, 2014 11:20 am

In the aftermath of the exposure of the Federal Reserve collaborating with Goldman Sachs to prevent the bank from being accountable for breaking the law, Fed officials warned Wall Street that if banks did not cut back on reckless and criminal behavior they might finally face penalties including being broken up. The warnings were issued by Federal Reserve Governor Daniel Tarullo and Federal Reserve Bank of New York President William Dudley in speeches behind closed doors. The prepared remarks were published and appear to indicate an attempt to change the corrupt culture at the Federal Reserve.

Eric Holder’s Legacy To Be Failing To Hold Wall Street Accountable

By: Tuesday July 1, 2014 2:25 pm

Attorney General Eric Holder, appointed in the beginning of Barack Obama’s presidency, is beginning to have his legacy evaluated and it is not looking good. A creature of Wall Street who helped represent some of the culprits of the mortgage crisis in private practice, Holder never made an honest or substantive efforts to go after his former clients who helped crash the economy in 2008.

Credit Suisse Pleads Guilty To Conspiring To Aid Tax Evasion

By: Tuesday May 20, 2014 12:10 pm

It has finally happened, a Wall Street firm has pleaded guilty to a felony. Credit Suisse, to address criminal activity that occurred for decades, pleaded guilty to one count of conspiring to aid tax evasion. The firm will also pay a fine of $2.6 billion and have an independent monitor for two years.

Same as It Ever Was: War, Peace, Wall Street, and the Smothers Brothers

By: Wednesday April 16, 2014 4:37 pm

Censored for years, the Smothers Brothers kept on satirizing. In the end their uncompromising political message drove them off the air, with CBS firing the duo and the rest of their comedy ensemble under pressure from the White House. Though the Brothers and the ACLU fought a successful legal battle in response, their careers were effectively over. A documentary, Smothered, tells the whole story — but only clips seem to be available online.

SEC Was Colluding With Banks On CDO Prosecutions

By: Monday April 14, 2014 12:05 pm

A story by The American Lawyer seems to provide serious evidence that the SEC essentially planned to ensure that Wall Street firms would never be held fully accountable for their crimes. That there was collusion between the banksters and the SEC that CDO prosecutions would be limited in number and impact.

NSA Swaps Information on You With Private Companies for More Information on You

By: Friday June 14, 2013 8:55 am

Freedom isn’t free. The National Security Agency along with the CIA, FBI and other intelligence agencies of the U.S. government has been swapping information with private companies. In exchange for private companies giving the intelligence agencies information on their users, the private companies receive access to classified intelligence.

Occupy Our Homes Activists Arrested at Justice Department Headquarters

By: Tuesday May 21, 2013 12:10 pm

Members of one of Occupy Wall Street’s offshoots, Occupy Our Homes, were arrested Monday and Tuesday demonstrating outside the headquarters of the Department of Justice in Washington.

Attorney General Holder Says Banks Are Too Big To Prosecute

By: Friday March 8, 2013 8:48 am

In the same hearing where he publicly endorsed the Aaron Swartz prosecution, Attorney General Eric Holder admitted that the reason he has not done his job the last five or so years is because he can’t.

Too Big to Jail: America’s Theft Inflection Point

By: Thursday March 17, 2011 2:30 pm

Treasury Secretary Tim Geithner is pushing the state attorneys general to quickly as possible “bring to bed” their investigations of the wide-scale systematic violations of law by the nation’s largest financial institutions–it is a great reminder that, in America, there is a very important theft-to-punishment inflection point for the super rich and powerful.

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