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ROT OF WALL STREET = SO DEEP IT MUST BE REBUILT FROM GROUND UP WITH NEW STANDARDS

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ROT OF WALL STREET = SO DEEP IT MUST BE REBUILT FROM GROUND UP WITH NEW STANDARDS

“How Deep is the Rot on Wall Street?” by Bill Black interviewed by Sharmini Peries of The Real News Network Nov 14, 2014

Click for Video and Text of Interview of William Black by Sharmini Peries on The Real News Network

Define “control frauds” = CEO or head of state uses the entity it controls as a “weapon” = Causes GREATER financial losses than all other property crimes combined.

Bill Black Reports = “Zero Prosecutions Aren’t Few Enough–Wall Street Wants SEC Sanctions Reduced to DMV Points” says Joseph Fichera, head of a Wall Street advisory firm, ranked with Top 10% of Wall Street CEOs.

Joseph Fichera = USA is treating Wall Street too harshly = ZERO Convictions of any senior officers who led the fraud epidemics that caused the crisis.

Joseph Fichera = Not sufficiently weak = SEC should not have POWER to remove an investment bank’s license to sell securities

Joseph Fichera = Sees $TRILLIONS in a spat of FRAUD as a MINOR CRIME like a seat best violtion getting a FEW POINTS toward losing your BANKSTER LICENSE.

Joseph Fichera = Massive fraud = Follows a schedule of points like DMV = Appraisal fraud for thousands of victims = 4 Points

Joseph Fichera = If over 6 Years you get say 16 points, then and only then could your license be removed.

Joseph Fichera = Idea that fraud is a minor FRAUD even though it MIGHT ROB $BILLIONS from Americans = NO moral element to defrauding others but only if you’re in finance.

Joseph Fichera = After enough NUMBER OF BATCHES of felonies can you lose your BANKSTER LICENSE

Joseph Fichera = Explicitly says the SEC should have NO POWER to remove your license for committing one series of felonies of 10,000 to 1 million people defrauded.

Joseph Fichera = Only if your caught again and again over 6 years will you lose your SEC License to COMMIT FRAUD = After 6 years you can commit your new frauds with impunity until you build up 16 points.

Joseph Fichera = BELIEVES in this too-big-to-jail and too-big-to-sanction BS for SEC

Joseph Fichera = He says Justice = Bad Regulation that causes CRIMINALS TO FAIL = Leave the FRAUDSTERS in power NEVER prosecuted.

Joseph Fichera = Is absolutely dead-on serious that FRAUD IS TO BE EXPECTED AND ACCEPTED = NO ZERO TOLERANCE

Joseph Fichera = Morally Blind = SYMPTOM OF THE DEEP ROT ON WALL STREET.

FACT: The best way to keep WALL STREET from falling is to insist on Justice + Accountability = Bad ethics drives good ethics out of the marketplace

Joseph Fichera = LOVES THE Immensely Wealthy and Politically Powerful FRAUD DELIVERS TO BANKSTERS AND OTHER FINANCIAL CRIMINALS.

Joseph Fichera = Admits the repeal of Glass-Steagall separating commercial investment banking = Was a DISASTER BY CLINTON AND GOP = The rule for hundreds of years

GLASS-STEAGALL PREVENTED = BANKSTERS FROM LEVERAGING CONSUMMER DEPOSITS TO MULTIPLY THE POWER OF THEIR GAMBLING BETS. = ENDED AT SAME TIME DERVATIVES WERE LEGALIZED AND EXPANDED TO MULTIPLY BETS BY 100s of TIMES = MAJOR CAUSE OF CRASH.

OLD RELIABLE INVESTMENT BANKING SYSTEM = Investment banks were owned as partnerships with a general partner responsible for all the debts of the company, whether he caused them and not. As a partner in these investment banks you had an overwhelming incentive to police your fellow partners and making sure that they didn’t take advantage of people = Enormous incentive to have partners with the highest level of integrity = Because screw ups could lose your entire wealth. = NOW GONE AS MIDDLE CLASS AMERICANS ARE LIABLE FOR THEIR SCREW YUP FRAUDS!

SEC & DOJ = Has not held people accountable = NO BIG BANK CEOS OR HIGH RANKING FRAUDSTERS ARE IN PRISON AFTER 6 YEARS OF KNOWN FRAUDS = COMPLETE FAILURES TO ENFORCE LAWS.

FACT: Self-regulation under this NEW UNACCOUNTABLE LEVERAGED DERIVATIVES SYSTEM = WORTHLESS = DEMERIT POINTS ALSO WORTHLESS AND LEGITIMIZES FRAUD.

BLACK’S Solution = GLASS-STEAGALL SEPARATION OF COMMERCIAL BANKS FROM INVESTMENT BANKS

BLACK’S Solution = Reinstate real partnerships with a GENERAL PARTNER with incentives to HIRE ETHICAL PEOPLE OR DIE from your losses due to FRAUD. = Create the right incentive structures in the first place

BLACK’S Solution = Good financial regulation to enforce the principles of justice = Hold the most powerful people on Wall Street responsible for their crimes

BLACK’S Solution = Fix modern executive and professional compensation = Incentive to extreme FRAUD CRIMES = REWARDS FRAUD MASSIVELY.

BLACK’S Solution = End the international race to the bottom of financial regulation = WON SO FAR BY UK = Big banksters try to put nations in competition with each other for who is willing to offer the weakest regulation.

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WARREN = AIPAC NAILS 100% CONTROL OF THE US SENATE = FAVORS ISRAEL’S MURDER OF 2,200+ PALESTINIANS

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WARREN = AIPAC NAILS 100% CONTROL OF THE US SENATE = FAVORS ISRAEL’S MURDER OF 2,200+ PALESTINIANS

Elizabeth Warren Sides With Israel = LOSE MASSIVE SUPPORT AS MANY ARE REPULSED BY HER POSITION!

Click for Source Slate Article

Elizabeth Warren was ready to be a challenge for Hillary Clinton for president

BUT: CLINTON = WARREN = SUPPORT ISRAELIS MURDERING 2,200 PALESTINIANS IN AN APARTHEID PRISON.

Where is Warren on foreign policy? Answer: IT IS JUST FINE FOR JEWS TO BOMB UN SCHOOLS and HOSPITALS IF THEY THINK THERE IS A ONE PERSON THREAT IN A BUILDING CONTAINING 300 to 30,000 PEOPLE.

FACT: Elizabeth Warren Defends Israeli Shelling of Gaza Schools, Hospitals

Clinton = NEOCON/Neoliberal hawkishness = WILLING AIPAC PAWN

WARREN = TOTALLY AN AIPAC PAWN

Warren recently vote to fully fund Israel’s Iron Dome

Warren agrees with Israel using their guns against innocents.

Democrats are AGAINST Israel’s operation in Gaza by a 47-31 + Independents opposed the operation by a 46-36 margin.

WARREN = “America has a very special relationship with Israel. Israel lives in a very dangerous part of the world, and a part of the world where there aren’t many liberal democracies and democracies that are controlled by the rule of law. And we very much need an ally in that part of the world.” = SHE NEVER MENTIONED THE ISRAELI RUN APARTHEID PRISON ISRAEL RUNS IN GAZA.

AIPAC TALKINGPOINT: Warren said Hamas has attacked Israel “indiscriminately,” but with the Iron Dome defense system, the missiles have “not had the terrorist effect Hamas hoped for.” When pressed by another member of the crowd about civilian casualties from Israel’s attacks, Warren said she believes those casualties are the “last thing Israel wants.” WARREN NEVER MENTIONED THE MURDER OF 2,200 PALESTINIANS 80+% INNOCENT WOMEN + CHILDREN + ELDERLY

AIPAC LIES AND ANTHER TALKINGPOINT: “But when Hamas puts its rocket launchers next to hospitals, next to schools, they’re using their civilian population to protect their military assets. And I believe Israel has a right, at that point, to defend itself,” Warren said, drawing applause. SO IF SOMEONE BAD IS AT THE CHURCH YOU TAKE OUT THE WHOLE CHURCH…SAME THING WITH THE MALL…SAME THING AT AND FACILITY = TAKE DOWN THE WHOLE BUILDING!

Warren announced a post-midterms trip to Israel for MORE BRAIN-WASHING AND BRIBERY! = CONVERT HER TO A CLINTON CLONE! = COLLECTING JEWISH CREDIT TO RUN FOR PRESIDENT IN 2016

Warren’s foreign policy views = What you expect from a registered Republican during much of the Clinton presidency = WAR MONGERING NEOCON!

WARREN = DID A GOOD FAKE OUT WHILE IT LASTED.

WARREN = Israeli military has right to BOMB Palestinian hospitals if Hamas is around

WARREN = Israel has right to BOMB UN schools in self defense if Hamas is around

WARREN = Voted to send MORE $MILLIONS in WEAPONS AND AMMO to Israel PAID FOR BY USA MIDDLE CLASS.

WARREN LIES = She says civilian casualties are the “last thing Israel wants.”

WARREN: If Israel has Suspicion of a ineffective rocket in a hospitals = FLATTEN THE HOSPITAL

WARREN: Israel has Suspicion of a ineffective rocket next to schools = FLATTEN THE SCHOOL AND THE CHILDREN

WARREN = WONDER IF KILLING CHILDREN PLAYING SOCCER ON THE BEACH IS OK WITH HER?

WARREN = IS EFFECTIVELY CONDEMNING The United Nations Relief and Works Agency that sharply criticized Israeli attacks on schools and hospitals. = VIOLATES Geneva Convention relative to the Protection of Civilian Persons in Time of War prohibits attacks on hospitals.

WARREN = IGNORING WORLD’S LARGEST APARTHEID PRISON = Argued that Israel’s use of force was justified by the violence in the region. = “Israel lives in a very dangerous part of the world. And we very much need an ally in that part of the world.” = SHE IS A SICK PUPPET!

WARREN = SAYS FUND ISRAEL $3+ BILLION/YEAR NO MATTER HOW MANY MURDERS THEY COMMIT OR NO MATTER HOW MANY SETTLEMENTS THEY BUILD = AIPAC PUPPET

WARREN = CALLS THE RACIST APARTHEID UNDEMOCRATIC STATE OF ISRAEL A DEMOCRATIC STATE WHEN 50% OF ITS PEOPLE HAVE NO FREEDOMS OR RIGHTS.

WARREN = NO PROBLEM WITH Netanyahu and the Likud Party’s founding charter calling for the destruction of any Palestinian state. Palestinians now recognize Israel’s right to exist even though they are NO DEMOCRACY.

Warren is hawkish on foreign policy and prefers to avoid it in favor of domestic economic policy.

Sen. Bernie Sanders (I-VT) = ANOTHER MASSIVE DISAPPOINTMENT for his defense of Israel. = HIS constituents HATE HIS POLICIES AND DESPISED HIS EFFORT TO SHIFT THE FOCUS TO ISIS(L) FROM ISRAEL.

THIS LEAVES ALL AMERICANS WITH NO CHOICES IN 2016 = JUST MORE ISRAEL + AIPAC RUN AMERICA!

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Ex-Im bank stand betrays Warren’s populist roots

Click for Source Article on USA Today

WARREN = Ends up backing corporations = JUST LIKE OBAMA

WARREN = BACKED MASS MURDER IN ISRAEL = JUST LIKE HILLARY

WARREN = Promised “to work for the middle class and working families every chance I get” + “we don’t run this country for corporations, we run it for people.”

WARREN = FOR the government-funded Export-Import bank that even Obama described as “little more than … corporate welfare.”

WARREN = On the side of the bank’s corporate beneficiaries = A hotbed of corruption = Employees removed for allegedly accepting bribes and kickbacks, Numerous times doled out financial assistance to companies filing fraudulent applications +

WARREN = SUPPORT EX-IM BANK because it “helps create American jobs and spur economic growth.” = Bank does no such thing = It is the essence of crony capitalism = Socialism “for rich people.”

USA AIPAC-WALL STREET OWNED AND OPERATED Senate = FUNDS arming of AQ + ISIS(L) rebels in Middle East + Includes extension for the bank until 2015.

1934 FDR created EX-IM bank to financing trade with by offering sweet loans to foreign companies to purchase American goods and create American jobs. = Extended financing to FILTHY OIL RICH Dubai-based Arab Emirates Air to buy Boeing planes.

EX-IM Bank = Supposed to help all exporters — big and small — equally.

EX-IM Bank = 75+% supported a FEW large corporations = BOENG got 30% in 2013 = $8.3 billion = Nicknamed “Boeing’s Bank.”

WARREN = Gently queried Ex-Im President Fred Hochberg amiably accepting his assurance that the bank would redouble its efforts to help small businesses going forward.

FACT: EX-IM Bank’s record = NEEDS to help small businesses but it FAILED.

WARREN + Ex-House Barney Frank = Want to have Corporate America BRIBE DEMS instead of GOP.