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Monthly Archives: February 2014
O.OOO13% TOP EXECUTIVES = HOW THEY HAVE FUN MAKING FUN OF OTHERS
EXTRACTORS + PARASITES = O.OOO13% TOP EXECUTIVES = HOW THEY HAVE FUN MAKING FUN OF OTHERS
SOURCE: Kevin Roose’s book Young Money, New from Grand Central Publishing.
Kappa Beta Phi = Executives whose firms had collectively wrecked the global economy in 2008 to 2014.
1% Jokes and Plutocrats In Drag: What I Saw When I Crashed a Wall Street Secret Society
MULTINATIONAL financial chieftains = Feel unloved = Vulture c”R”apitalists
POOR RICH PEOPLE = SO PERSECUTED = LIVING IN SPLENDOR AS THEY SUCK DRY THE BONES OF THE MIDDLE CLASS
“the 1% is being picked on for political reasons.”
— Wilbur Ross – TOP SCAMMER OF WALL STREET!
IT IS NOT POLITICS ROSS = IT IS HATE FOR WHAT YOU HAVE DONE TO AMERICA AND AMERICANS!
1% = CORPORATIONS PAY NO TAXES = $35+ TRILLION HIDDEN CAYMAN-STYLE OFF-SHORE!
WALL STREET AND LONDON BEAT THE CHIOT OUT OF THE MIDDLE CLASS AND 99% AROUND THE WORLD AND WILBUR ADMITS IT!
“We are in the MlDST of what will turn out to be by future economic historians to have been an EPlC moment, namely the most MASSlVE transfer of LlABlLlTlES (DEBTS) from the PRlVATE SECTOR (Banking and CORPORATlONS) to the PUBLlC SECTOR (the AMERICAN MlDDLE CLASS taxpayers) that the WORLD has ever seen.
— WlLBUR ROSS Famous WS $BlLLlONAlRE SCAMMER – In a MOMENT OF COMPLETE HONESTY
In a MOMENT OF COMPLETE HONESTY – Skip to 7:58 mark – GOOGLE: “Ross 1174574949”
CLICK TO SEE WILBUR AT 7:58 MARK SAY THE ABOVE
“Good evening, Exalted High Council, former Grand Swipes, Grand Swipes-in-waiting, fellow Wall Street Kappas, Kappas from the Spring Street and Montgomery Street chapters, and worthless neophytes!”
— WILBUR ROSS welcoming the 200 SWIPERS while wearing a tuxedo and purple velvet moccasins embroidered with the fraternity’s Greek letters at Annual black-tie induction ceremony of a secret Wall Street fraternity called Kappa Beta Phi = single-handedly explain why the rest of the country still hates financial tycoons – January 2012
HOW APPROPRIATE = GRAND SWIPES!
THAT IS WHAT THEY DO FOR A LIVING!
IF WE LOST EVERY LAST ONE OF THEM OUR ECONOMY WOULD BOOM!
WILBUR ROSS = LEADING GRAND SWIPER IN THE SECRET FRATERNITY
SWIPERS = Executives of too-big-to-fail banks, VULTURE CAPITALISTS, and Major Hedge HOGS.
- SWIPER = AIG CEO Bob Benmosche
- SWIPER = Wall Street superlawyer Marty Lipton
- SWIPER = Alan “Ace” Greenberg, the former chairman of Bear Sterns
- SWIPER = Marc Lasry, Hedge fund billionaire and major Obama donor
- SWIPER = Joe Reece, a high-ranking dealmaker at Credit Suisse.
- SWIPER = EX-Mayor Michael Bloomberg
- SWIPER = Former Goldman Sachs chairman John Whitehead
- SWIPER = Hedge-fund billionaire Paul Tudor Jones
- SWIPER = Lehman Brothers CEO Dick Fuld
- SWIPER = Bear Stearns CEO Jimmy Cayne
- SWIPER = Former New Jersey governor and MF Global flameout Jon Corzine
- SWIPER = Citigroup CEO Vikram Pandit
- SWIPER = BlackRock CEO Larry Fink
- SWIPER = Home Depot billionaire Ken Langone
- SWIPER = Morgan Stanley bigwig Greg Fleming
- SWIPER = JPM vice chairman Jimmy Lee
- SWIPER = Paul Queally = executive with Welsh, Carson, Anderson, & Stowe
- SWIPER = Ted Virtue private-equity MidOcean Partners.
- SWIPER = BILL MULROW Executive Blackstone Group = Chair NYS Housing Finance
- SWIPER = Emil Henry hedge fund manager with Tiger Infrastructure Partners
- SWIPER = DAVID MOORE holding company CEO
- SWIPER = MARC LASRY billionaire hedge-fund manager
- SWIPER = LEITH MEISTER an activist investor
- SWIPER = WARREN STEPHENS an investment banking CEO = “In Wall Street land we’ll take our stand, said Morgan and Goldman. But first we better get some loans, so quick, get to the Fed, man.”
http://nymag.com/daily/intelligencer/2014/02/revealed-members-of-kappa-beta-phi.html
QUOTE:
“Concentrated in the St. Regis” = “if you had dropped a bomb on the roof, global finance as we know it might have ceased to exist.”
AMERICANS WOULD SEE GDP JUMP 30% IN A MONTH!
Ross spoke about the legend of Kappa Beta Phi founded during the DEPRESSION with motto, “Dum vivamus edimus et biberimus,” was Latin for “While we live, we eat and drink.” = O.O1% FRIARS CLUB = “What happens at the St. Regis stays at the St. Regis.”
Several Kappas = Discussed the coming plutocracy
Young Wall Street bankers – the 22-year-olds toiling at the bottom of the financial sector’s food chain.
What happened to Wall Streeters as they climbed the ladder to adulthood?
New inductees = Dressed in leotards and gold-sequined skirts, with costume wigs – began their variety-show acts.
AWFUL JOKES = Q: “What’s the biggest difference between Hillary Clinton and a catfish?” A: “One has whiskers and stinks, and the other is a fish”
AWFUL JOKES = Q: “What’s the biggest difference between Barney Frank and a Fenway Frank?” A: “Barney Frank comes in different-size buns”
Pretend Debate between the 99% and 1% = “Bill, look at you! You’re pathetic, you liberal! You need a bath!”
“My God, you callow, insensitive Republican! Don’t you know what we need to do? We need to create jobs.
SWIPER = MICHAEL NOVOGRATZ Fortress Investment Group
Ross and Lebenthal = reassured me that what I’d just seen wasn’t really a group of wealthy and powerful financiers making homophobic jokes, making light of the financial crisis, and bragging about their business conquests at Main Street’s expense.
Ross offered himself up as a source for future stories in exchange for my cooperation.
“I’ll pick up the phone anytime, get you any help you need,” he said.
“Yeah, the people in this group could be very helpful,” Lebenthal chimed in. “If you could just keep their privacy in mind.”
SWIPERS = Amounted to a gigantic middle finger to Main Street and the Public
EXECUTIVES in Kappa Beta Phi = a fear-based organization of executives who would never have the courage to voice those opinions in a public setting
CONCLUSION = Upper ranks of finance = People completely divorced from reality = No self-awareness and no social conscious = Wall Street executives making light of the financial sector’s destruction of MAIN STREET and real harm to millions of peoples’ foreclosures, wrecked 401(k)s, and a devastating unemployment crisis.
CONCLUSION = Kappa Beta Phi was a fear-based organization of executives who would never have the courage to voice those opinions in a public setting = on politics, on society, and on what they do = Cowardice reduced them to sniping at their perceived enemies.
CONCLUSION = ISOLATION = Many of these self-righteous FINANCIERS pursuit of money and power removed them from the larger world in the prime of their careers and they could be truly themselves around a few other prominent financiers = FEELINGS OF PERSECUTION
“AFTER THE MELTDOWN” THE CRIMINALS RUN RAMPANT LIVE IN LUXURY
“AFTER THE MELTDOWN” THE CRIMINALS RUN RAMPANT – STILL LIVE IN LUXURY
“After the Meltdown” revealed many of the major players responsible for the 2008 financial crisis faced few consequences for their FRAUD actions = Project manager John Dunbar; team leader and senior reporter Alison Fitzgerald; reporter Dan Wagner; and former Center intern Lauran Kyger = CENTER FOR PUBLIC INTEGRITY!‘After the Meltdown’ series = 6-month investigation on the subprime 25 = ‘Who’s Behind the Financial Meltdown?’ = published five years after Lehman Brothers Holdings Inc. went bankrupt.Key findings = Mortgage executives at Bear Stearns led that firm down a path to its own destruction, are now doing similar work for Bear’s former competitors.Key findings = CEOs of five of the major Wall Street banks in most financial trouble in 2008 are all living in luxury = ZERO faced any criminal or even civil liability for their mismanagement.
Key findings = Top executives of every one of the 25 largest subprime lenders from the boom years 2005 through 2007 are back in the mortgage lending business.
Key findings = Majority of the regulators RESPONSIBLE for preventing or cleaning up the meltdown are back in the private sector, earning big fees from writing books and lecturing about their experience.
SOURCES = Court records + SEC filings + Real estate records + Mortgage term sheets + National Mortgage Licensing System + Reporters tracked down the principals in each story- interviewed friends + former colleagues + business associates + bridge partners + golf caddies
Key findings = SHOWED the nation’s regulators and prosecutors failed to hold those most responsible for the financial crisis accountable for damage to the economy and the Great Depression = Loss of millions of jobs and trillions in wealth.
Key findings = GOV’s lack of action against major banks and executives BY DOJ AND SEC against corporate wrongdoing.
JPM = FINALLY ADMITTED GUILT AND PAID $Multi-Billion settlements.
Banks manipulate critical GAO report = Lobbyists manipulate CRITICAL report by USA’s internal watchdog that determines how banks are regulated in the future.
GAO = Government Accountability Office asked by Congress to determine whether BIG BANKS SHOULD BE ABLE TO BORROW AT NEAR 0% WHEN PEOPLE, BUSINESSES, SMALLER BANKS, AND AMERICANS PAY USURY RATES.
GAO = ASKED TO DECIDE IF BIG BANKSTER CROOKS SHOULD BE BAILED OUT FOR THEIR OWN FRAUD AND GREED.
BIG BANKSTERS + THEIR LOBBYISTS have been building an arsenal of FAKED reports and academic studies AGAINST NEW Regulations ARGUE FOR PROTECTION AS “systemically important” that DESERVE SPECIAL TREATMENT AND MIDDLE CLASS BAILOUTS = WELFARE NOT TO THE RICH BUT THE CRIMINAL RICH.
http://www.publicintegrity.org/2014/01/17/14099/banks-seek-sway-critical-gao-report
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