Posts filed under “Legal”

Government Shutdown Caused By Bad Policy By Both Parties

The Real Cause of the Crisis: Forget Partisan Rhetoric … The Threatened Government Shutdown Is Caused By Bad Policy By BOTH PARTIES

Preface: Remember what the Founding Fathers said about partisan soap operas.

While partisans focus on specific things the other side is doing – “Obamacare” and the “debt ceiling” are the buzzwords of the day – the truth is that we wouldn’t be in this budget crisis in the first place if the government hadn’t engaged in bipartisan idiocy by:

  • Fighting a series of wars – which are horrible for the economy – when not absolutely vital to protect against an imminent attack

Category: Bailouts, Legal, Think Tank, War/Defense

Time to Tame the NSA

Word: “We have learned that in pursuit of its bureaucratic mission to obtain signals intelligence in a pervasively networked world, the NSA has mounted a systematic campaign against the foundations of American power: constitutional checks and balances, technological leadership, and market entrepreneurship. The NSA scandal is no longer about privacy, or a particular violation of…Read More

Category: Legal, Really, really bad calls, War/Defense

New NSA Revelations Are Breaking Every Day

Spy Agencies Are Doing WHAT? Revelations about the breathtaking scope of government spying are coming so fast that it’s time for an updated roundup: The government is spying on essentially everything we do. It is not just “metadata” … although that is enough to destroy your privacy The government has adopted a secret interpretation of…Read More

Category: Legal, Think Tank, War/Defense

BofA Moynihan Deposition

Category: Legal, Think Tank

Take a Peek at How Widespread Spying Has Become

The Government Is Spying On Us Through Our Computers, Phones, Cars, Buses, Streetlights, At Airports And On The Street, Via Mobile Scanners And Drones, Through Our Smart Meters, And In Many Other Ways   Even now – after all of the revelations by Edward Snowden and other whistleblowers – spying apologists say that the reports…Read More

Category: Legal, Think Tank, War/Defense

Screwed By SCRIE Screed

@TBPInvictus I recently got an education on a loophole in a NYC program that is designed to protect seniors on fixed incomes from rising rents. The Senior Citizen Rent Increase Exemption Program claims that: “Tenants who qualify for the Senior Citizen Rent Increase Exemption (SCRIE) Program can have their rent frozen at their current level and…Read More

Category: Legal, Politics, Really, really bad calls, Taxes and Policy

5 Years After Financial Crisis, Big Banks Are Still Committing Crimes

Preface: Not all banks are criminal enterprises. The wrongdoing of a particular bank cannot be attributed to other banks without proof. But – as documented below – many of the biggest banks have engaged in unimaginably bad behavior. You Won’t Believe What They’ve Done … Here are just some of the improprieties by big banks…Read More

Category: Bailouts, Legal

Open Thread: Who Should Have Been Prosecuted ?

It is the 5th anniversary of the collapse of Lehman, AIG, and the GSEs. At this time 5 years ago, my assumption was that by today, legions of people would have already been prosecuted for their financial crimes. That never happened. I want to open the floor to discuss 3 very specific things: 1. What…Read More

Category: Bailouts, Legal

JP Morgan Fines Now More Than $8 Billion Dollars

Time to update the tally: Each year, JPM has profits of about $25 billion dollars on revenues well over $100 billion dollars. Part of the cost of generating that revenue in a variety of dubious and even extra-legal ways are fines. Since 2011, JPM has been fined $8B: $56 million (April 2011) $153.6 million (June…Read More

Category: Corporate Management, Legal, Regulation

Banks Are Manipulating Gold and Silver Markets

Gold and Silver Are Manipulated The Guardian and Telegraph report that gold and silver prices are “fixed” in the same way as interest rates and derivatives – in daily conference calls by the powers-that-be. Long-time trader Andrew Maguire told told King World News this week that 2 JP Morgan whistleblowers have handed over evidence of…Read More

Category: Bailouts, Gold & Precious Metals, Legal, Think Tank