Thursday, April 10, 2014

How banksters got away with fraud

Retiring White House prosecutor says SEC is corrupt

SEC officials in the US are 'more focused on getting high-paying jobs after their govt service than on (prosecuting) difficult cases' according to a retiring SEC official whose own investigations were squashed. Then the SEC used misleading statistics to 'show' that it was taking action. But this cover-up goes right to the top; Obama lied when he said he would go after those involved in 'abusive lending and packaging of risky mortgages that led to the housing crisis' and 'return to the American values of fair play and (cont p 94)'. Privately he told top Wall Street officials he would protect them, saying 'my administration is the only thing between you and the pitchforks' and 'if I'm going to shield you from public and congressional anger you have to give me something to work with'.

Posted by icarus @ 10:16 AM (1353 views)
Please complete the required fields.

Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>