Posts filed under “Legal”
War Crimes and 9/11: Why Dick and Don Are Suspects
Richard Clarke, the former counterterrorism official, has recently come out suggesting that George W. Bush, Dick Cheney, and Donald Rumsfeld should be charged with war crimes. Unfortunately, media outlets reporting this story have failed to examine Clarke’s long relationship to Cheney and Rumsfeld and his record of having prevented the capture of Osama bin Laden. These omissions highlight that, although Cheney and Rumsfeld undoubtedly are guilty of post-9/11 war crimes, suspicions that they helped create the pretext for those crimes go unreported.
The Criminology of the “Sure Thing” Portrayed as “Risk” John Coates, a former derivatives trader at Goldman Sachs is now a researcher. He wrote a column in the New York Times entitled “The Biology of Risk” that I hope will be widely read. In this column I explain why his most important conclusions cannot follow…Read More
Government Treated Peaceful Boycott As Terrorism Anyone Who Questions the Powers-That-Be May Be Labelled a “Terrorist” The Partnership for Civil Justice (a public interest legal organization which the Washington Post called “the constitutional sheriffs for a new protest generation”) reported this week that the Obama administration treated a peaceful boycott as a terrorist threat: 4,000…Read More
click for larger version Source: BV, FT This morning we discussed the danger that arises from merely fining banks instead of prosecuting them for violating laws. Since the news cycle is focusing on the potential multibillion-dollar fines for BNP Paribas SA and Bank of America Corp., let’s have a look at the amount of…Read More
Since 2008, the U.S. authorities have meted out $87.53 billion in fines to global banks. That number comes from data complied by the Financial Times. Some people believe that bankers are finally getting their due, being hit with billion-dollar penalties for their recklessness. I don’t see it that way; rather, it looks like little more…Read More
“I don’t know what all these banks did to deserve all this but once again, when you are fining the bank, you are fining the shareholders of the bank who had nothing to with what management did. So if management did something egregious or criminal go after the people that did it and stop…Read More
Banksters Pretend that Prosecuting Wall Street Crime Will Blow Up the Economy Banksters Pretend that Prosecuting Wall Street Crime Will Blow Up the EconomyThe Department of Justice is “considering” initiating criminal charges against 2 banks. In response, the normal cast of characters is saying – as they have for years – that prosecuting…Read More
Wall Street Manipulates Energy Prices … and Every Other Market The U.S. Federal Energy Regulatory Commission says that JP Morgan has massively manipulated energy markets in California and the Midwest, obtaining tens of millions of dollars in overpayments from grid operators between September 2010 and June 2011. Pulitzer prize-winning reporter David Cay Johnston notes today…Read More
Bloomberg’s Keri Geiger, Richard Farley, partner at Paul Hastings, and Bloomberg View columnist Barry Ritholtz break down the guilty plea by Credit Suisse that ends a three-year probe on tax evasion by the U.S. Justice Department and how the outcome could potentially impact the banking industry.
Source: Bloomberg Television’s “Market Makers.”