Government And Court Capture Confirmed...

[Toto deVeer]

Got a beef with the CFTC? Forget it. Government/Judicial/Finance collusion confirmed in this letter. They're not even bashful about it any more. Is there any doubt that the system needs to be brought down?

[corevalue]

That's the Wendy Gramm who was at Enron, apparently.

[Tiger Woods?]

That is about as blatant as it gets.

[Timm]

Does it not demonstrate that 50% of the examined system is 100% corrupt, and the other half fighting that corruption?

[Tiger Woods?]

Does it not demonstrate that 50% of the examined system is 100% corrupt, and the other half fighting that corruption?

(1) 3 people working for the CFTC are mentioned. 2 of them are clearly 100% corrupt.

(2) We only have evidence that they have made their concerns publically known 3 months before they retire.

(3) The corruption was exposed by a journalist 10 years ago, and it doesn't appear that anything was changed.

So our best evidence is that 2/3rds of the examined system is corrupt and the other 1/3rd doesn't have much traction and was either willing to go along with it for 20 years or was powerless to do anything significant about it for 20 years, ergo the system is more or less completely corrupt.

[billybong]

No wonder fraudclosure robosigning took off.

Edited December 12, 2010 by billybong

[Timm]

(1) 3 people working for the CFTC are mentioned. 2 of them are clearly 100% corrupt.

(2) We only have evidence that they have made their concerns publically known 3 months before they retire.

(3) The corruption was exposed by a journalist 10 years ago, and it doesn't appear that anything was changed.

So our best evidence is that 2/3rds of the examined system is corrupt and the other 1/3rd doesn't have much traction and was either willing to go along with it for 20 years or was powerless to do anything significant about it for 20 years, ergo the system is more or less completely corrupt.

Yes, that's much more accurate.

How depressing.

[porca misèria]

(3) The corruption was exposed by a journalist 10 years ago, and it doesn't appear that anything was changed.

Story? What exactly was exposed?

A journalist has to be very circumspect. If (s)he actually points out corruption in the judiciary it's likely to be jail time for contempt of court. And even if a young-not-yet-disillusioned journo with a burning passion for justice thinks it a price worth paying, the editor will know better.

[Toto deVeer]

When the CFTC were interviewed by the press about this letter, I understand that the official response was 'We have no comment, it is a personal matter'.

[Errol]

TAKE DELIVERY OF SILVER, PEOPLE!

Yep. Simple advice but very true.

[Tiger Woods?]

Story? What exactly was exposed?

A journalist has to be very circumspect. If (s)he actually points out corruption in the judiciary it's likely to be jail time for contempt of court. And even if a young-not-yet-disillusioned journo with a burning passion for justice thinks it a price worth paying, the editor will know better.

He was, of course, circumspect. This is the WSJ we are talking about. The text of the quoted article can be found here by the way.

Worth a quick read. It seems that there were some people who thought that Levine's actions were at least unfair and capricious. I suspect, especially given the mention of Wendy Gramm in the article that lots of people believed more was going on.

Edited to add: Oh boy, this gets even muckier. The judge who wrote the note in the OP is 83 and he is divorcing his wife and she has made counter claims that he has dementia. More can be found here.

As per usual, the truth is never simple. Humanity...don't you just love it?!

(Though given Wendy Gramm's role in the whole matter and her involvement in clearing the way for Enron's unregulated energy derivative trading while at the CFTC, and then leaving for a position on Enron's board, I'm still in favour of institutional corruption as the verdict.)

He added that Levine is the kind of judge who applies both the law and economics to his decisions, calling his opinions “intellectual works of art.”

Personally, I'd hope any judge I was in front of applied just the law, and perhaps a bit of common sense.

The following is a quote on one of the article about this story. Prima facie it looks like someone who knows Painter:

The truth about his soon-to-be ex-wife of only seven years is that she knew that if he retired, half of his pension would go to his EX wife (mother of their son). If he were committed to a mental health facility, for life, he would remain on salary till he died, and she would receive his paycheck. The doctor who diagnosed him never even saw him & went on word of mouth from the evil wife. From what i understand, she hasn't even been living with him. People should take a look at the amazing & brave rulings George has made. For a 'crazy old man' as she alleges, this guy is smart as a whip.

Edited December 12, 2010 by Tiger Woods?