Saturday, July 28, 2012

Inspector General Neil Barofsky: The BAILOUTS for Goddamn-Sachs, JP Morgan, Citi-bank, & other Wall Street Banks "WAS A HUGE BOONDOGGLE for Taxpayers," SOLD ON THE BAIT-&-SWITCH of HELPING Homeowners hold on to their mortgages, when in fact the banks did the OPPOSITE: going on a JIHAD to EXPEL thousands of American families from their foreclosed homes....

edited/updated  7-29-2012

  “'TARP Was Even Worse Than You Think: An Abysmal Failure,'Barofsky Says”
Fri, Jul 27, 2012
 
In the below video,  The Daily Ticker financial correspondent Aaron Task interviews Neil Barofsky,   the U.S. government Inspector General over the "T.A.R.P."  bailouts:


Mr. Barofsky states that the bank "bailouts" were basically sold to Con-gress as a BAIT-and-SWITCH - Con-gress authorized the "T.A.R.P. bailouts" requested by President George W. Bush's then Treasury Secretary (and former Goddamn-Sachs Chairman) Hank Paulson,  with the understanding that the bailout money would be used to assist home owners - mortgage holders - hold on to their homes, which would prevent those homeowners defaulting on their mortgages and ruining the big banks which would, without the 'bailouts,' take the losses and go bankrupt.

     Instead, the Big Banks kept the loot from Con-gress, and went on a virtual jihad to expell as many American homeowners from their oversold, "underwater" homes as they possibly could, ofen using FRAUD and DECIET to do so... 
    "How Washington [D.C.] ABANDONED MAIN STREET while RESCUING Wall St."

  "It was somewhat shocking... to find out just how much control the Big Banks had OVER THEIR OWN BAILOUTS... how much deference was show by Treasury [Department] official over the big banks."

  "From 2008 to 2011, I was told constantly by Treasury officials that we didn't have to worry about those things, because the banks would never embarrass themselves, they would never risk their reputation  [by perpetrating frauds or other financial crimes]."   
"There was no difference on core issues between Bush and Obama.."   
below:  Tim Geithner, on the left, today's so-called "Democrat" President Barack Obama's TREASURY SECRETARY,   was working as George W. BUSH'S    APPOINTEE as President of the  New York 'Federal' Reserve bank, where he  was working hand-in-glove with Hank Paulson to first HIDE the TITANIC ACCOUNTING FRAUD that made the September 2008 financial meltdown inevitable,  then working with Paulson to  make the bailouts a "BLANK CHECK" for the failed, bankrupt, insolvent, corrupt, but Con-gress, presidents,  and other politicians bribing bankers - now empowered to bribe more politicians, with tens of billions upon trillions of dollars of looted-from-taxpayer 'bailouts' money....

 
  

bonus:   With  REPUBLICAN and "Democrat" administrations, and Con-gressional 'leaders,'   often indistinguishable when it comes to providing a WHITEWASH for FINANCIAL CRIMES perpetrated by Wall Street bankers... 

  ...it is beyond tragic that millions of Americans have been conned and deluded, to not realize that the "BAILOUTS"  are nothing but SOCIALISM ,
  SOCIAL WELFARE   for the wealthy and their failed, con-gress bribing banksters...  

 .....a transfer of trillions of dollars,  FROM American working families, to those families who own "paper assets" - stocks, bonds, and other 'securitized' claims on wealth that, in the wake of  the orgy of Wall Street's 'deregulation' era,  were often revealed to be  nothing but worthless, garbage, 'toxic' assets...

  Says not only innumerable financial writers (and here, here, here, and here,  with former Golddamn-Sachs Managing Director Nomi Prins recently totaling the "bailouts" handed over to Wall Street at a more modest $9.2 trillion... but see her "PILLAGE PEOPLE"  pdf  for names, dates, bailouts amounts, and how much the bailouts-taking banksters paid themselves in 'bonuses" !! ).... but  also the same Mr. Neil Barofsky, way back in 2009, in his landmark  survey of the "bailouts" comment written up in this July 2009 Bloomberg financial news story:

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aY0tX8UysIaM






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Bailouts - $16 TRILLION, ACCORDING TO a GAO government survey,  sixteen trillion American worker, consumer, and taxpayer obligated dollars just  handed from the Bernanke Fed, to the member/owner banks behind the so-called 'Federal' Reserve very privately owned fiat money printing, con-gress bribing, economy wrecking, treasonous kleptocratic debt extotion banking cartel: 
http://theeconomiccollapseblog.com/archives/have-you-heard-about-the-16-trillion-dollar-bailout-the-federal-reserve-handed-to-the-too-big-to-fail-banks

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Private Equity’s Public Subsidy Is a Tragedy 
by  William D. Cohan, Bloomberg financial news
 By William D. Cohan Jan 22, 2012
http://www.bloomberg.com/news/2012-01-23/private-equity-s-public-subsidy-is-a-tragedy-william-d-cohan.html


  "...The real reason the tax loophole for private equity mavens must be closed once and for all is that American taxpayers subsidize the private-equity industry -- and its outsize paychecks -- and simple fairness demands that they don’t also get an additional break in the form of lower tax rates.
Mitt Romney, the co-founder of Bain Capital LLC and the leading contender for the Republican presidential nomination, got blindingly rich because of this taxpayer subsidy, and it isn’t right that he and his cohort can also pay taxes at a 20- percentage-point discount compared with the rest of us.

Here is how the subsidy works: The Internal Revenue Service allows for the tax-deductibility of interest expense on corporate debt. Since corporate debt is the mother’s milk of a leveraged buyout, there would be no private-equity/LBO industry without this huge tax benefit. Indeed, anyone who has used an Excel spreadsheet to model a leveraged-buyout -- you know who you are! -- knows that the magic of the entire industry depends almost solely on the interest-expense provision in the tax code..."   (cont'd)     =======================================


SOCIALISM FOR THE RICH - taxpayer extorted trillions of dollars, for the treasonous, larcenous, economy-wrecking, Con-gress bribing plutocrats and kleptocrat traitors.... 

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Saturday, July 21, 2012

Jewish Hollywood Makes an Honest Man of Adolf Hitler: PIMPS & PROMOTES VIOLENCE, MURDER, MAYHEM, and SADISTIC BRUTALITY as "entertainment." The Bloodthirsty Pigs at Warner Brothers WORSHIP BLOOD & MONEY....

Jewish Hollywood Makes an Honest Man of Adolf Hitler: Hollywood exec's PIMP,  PROMOTE, and sell VIOLENCE, MURDER, MAYHEM, and SADISTIC BRUTALITY to millions of Americans as "entertainment"....

   The Bloodthirsty Pigs at Warner Brothers  WORSHIP BLOOD & MONEY....  their motto is  "F*** our American host society..."  who are good only for the money (and blood) that can  be extracted from them.

  These bloodthirsty parasites are turning America back into a hate-ridden criminal gangland.... just like Chicago, New York, and other American cities and towns  were during the gangster era of the Depression ridden 1930s....

         ....and just as the jewish state (israeli)  warmongers are turning the entire Mideast, from Gaza to Libya to Syria to Afghanistan,  into a gigantic concentration camp  ruled by the Neo-Con's tyranical, mass-murderous proxy dictators
    (including the Saudi royals, the Kuwaiti royals, the bloody Bahrain regime, the other Gulf State sheiks, and all the other Sunni Muslim dictators who have the support of Washington and Tel Aviv, and are now  using "Sunni FUNDAMENTALIST FREEDOM FIGHTERS,"  aka "Al QAEDA TERRORISTS,"   waging wars of slow-burn genocide in Libya, Sudan, Somalia, Syria, Afghanistan, Iraq... just as at one time the Wolfowitz, Rumsfeld, Cheney, Bush Neo-Con elites sponsored Saddam Hussein's killing of Iranians, Shiites, Kurds and other resistance groups when the United States supplied Saddam's Iraq during the long Iran-Iraq war, 1980-1988.) 

Death-Obsessed Culture, Not Gun Rights, To Blame For ‘Batman’ Movie Theater Mass-Shooting
Political opportunists seize upon tragedy to attack second amendment
Paul Joseph Watson,   Prison Planet.com,  Friday, July 20, 2012
http://www.prisonplanet.com/death-obsessed-culture-not-gun-rights-to-blame-for-batman-shooting.html 

Within hours of the tragic ‘Batman’ shooting in Aurora, Colorado, political opportunists have seized upon the incident to push for gun control, with New York Mayor Michael Bloomberg demanding that both Mitt Romney and Barack Obama “stand up and tell us what they’re going to do about” mass shootings....  
As numerous observers have noted, the recent Batman films have contained unnerving amounts of violence that seem to serve little purpose other than to appease a bloodthirsty craving for gore and brutality amongst young people, who have had such sickness foisted upon them through movies, entertainment, video games and popular music.
As Jenny McCartney notes in the Telegraph, we have been turned into a society seduced by sadism.
This sadism is also more accessible to children and young people than ever before. Many people today are asking what a 6-year-old child was doing at a midnight screening of a movie?
In addition, the fact that these kind of movies are able to generate such a level of suspended disbelief that victims thought the shooting was initially part of the movie, is a shocking example of how much power the big screen has to warp minds....
Once again, before we even know anything about the 24-year-old shooter James Holmes, the establishment media and leftist political operatives are rushing to denounce gun rights as the culprit behind the tragedy, once again failing to address the underlying root cause – a sadistic, death obsessed culture that allows young men to be drawn into bizarre fantasy worlds where violence is seen as an alluring adventure.     (cont'd)

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  Warner Bros Executives PAIRED ‘Dark Knight Rises’ With Trailer [preview] Of Gangster SHOOTING UP a Movie Theater...

by NIKKI FINKE  at  Deadline.com   July 20, 2012      h/t  PrisonPlanet.com
http://www.prisonplanet.com/warner-bros-paired-%E2%80%98dark-knight-rises%E2%80%99-with-trailer-of-gangster-shooting-up-movie-theater.html

         This was truly terrible decision-making by Warner Bros – both to release a trailer like this and then not to pull it immediately after today’s tragedy. I have confirmed that the studio which released The Dark Knight Rises paired it with the official movie trailer for Gangster Squad, an upcoming pic set in 1949 about a ruthless Mafia Godfather who runs Los Angeles. One of the scenes in the trailer that’s been playing all morning today shows a gangster with a machine gun shooting up people in a movie theater from behind the big screen.
Full story here.   
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  The above two news stories reporting on the mass-murder shooting at a Colorado movie theater are only the tip of the iceberg of Hollwood's demonic obsession with murder, violence, and brutality.  


  Here's the story of what these evil Hollywood executives are really selling:  SADISM and RELENTLESS BRUTALITY,  masquerading as "entertainment."     


Just as slave traders once sold slaves to the Roman elites... slaves who would be put on display in the colloseum,  to die grisly deaths by savage animal attacks,  or be forced fight to the death, to satiate the Roman public's sadistic blood lust....  

 below,  h/t Max Keiser,   who  catches this critic's review (quote) 


But the greatest surprise of all – even for me, after eight years spent working as a film critic – has been the sustained level of intensely sadistic brutality throughout the film.“       


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What Will “Hunger Games” Do To Top The Colorado Stunt?



A white guy commits mass slaughter, and it [is]  ‘the show must go on.’ Some non-white guys commit slaughter on 9/11, and it’s’ ‘the end of the world.’ But that’s another story…As I predicted, the box office gross was increased by the massacre. Heath Ledger’s death for Batman 2 increased worldwide gross by over $100 million. The massacre and popcorn stunt in Colorado should add twice that amount. Had the slaughter happened in an abandoned parking lot a few blocks from the theater it’s doubtful we would have ever heard about it. But since it was ‘part of the movie’ it’s a cause celebre and a reason to get off the couch and enjoy yourself at the cineplex . . . who knows, you might end up ‘in the movie’ with a bullet in your chest and blood spattered on your face. Wouldn’t that be cool!
Here’s an example of the color issue:
So what we can conclude here is that American libertarian race-based crypto-fascism encourages mass shootings at movie theaters if it helps media conglomerates make money – as long as the shooter is white. Got it?  [end comment]  
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 Yes,  American boys and girls - the war profiteers, financial saboteurs, and Hollywood purveyors of violence and sadism ARE ALL WORKING TOGETHER, to DEMOLISH America's society of mutual respect, mutual cooperation, and sane and sober finance & economics...  to turn us all in to dehumanized wage-slaves, cannon-fodder, and despised peons & serfs...

         ....and bloodthirsty consumerite ghouls...

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 update 7/23 (our highlights) -
    More on the PERVASIVE SATURATION of VIOLENCE, SADISM, and BRUTALITY in visual media (TV and movies) on American culture: 
   "The Man Who COUNTS [TV] KILLINGS"
   by Scott Stossel
     http://www.theatlantic.com/past/docs/issues/97may/gerbner.htm

George Gerbner, who thirty years ago founded the Cultural Indicators project, which is best known for its estimate that the average American child will have watched 8,000 murders on television by the age of twelve, is so alarmed about the baneful effects of TV that he describes them in terms of "fascism."
...Although few anti-television activists would agree that excessive television viewing can exculpate a murderer, a huge body of evidence -- including 3,000 studies before 1971 alone -- suggests a strong connection between television watching and aggression. "There is no longer any serious debate about whether violence in the media is a legitimate problem," Reed Hundt, the chairman of the Federal Communications Commission, said in a speech last year. "Science and commonsense judgments of parents agree. As stated in a year-long effort, funded by the cable-TV industry . . . 'there are substantial risks of harmful effects from viewing violence throughout the television environment.'"
The study cited by Hundt reveals nothing new. Researchers have been churning out studies indicating links between television [and MOVIE] violence and real-life violence for as long as television has been a prominent feature of American culture. Just a few examples demonstrate the range of the investigations... (cont'd) 
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See also -  How widespread drug profiteering in schools and at home, the wholesale use of anti-depressants to "solve" personality issues, contributes to a culture where explosions of violence are far from uncommon:

http://www.ssristories.com
"This website is a collection of 4,800+ news stories with the full media article available, mainly criminal in nature, that have appeared in the media (newspapers, TV, scientific journals)  or that were part of FDA testimony in either 1991, 2004 or 2006, in which antidepressants are mentioned." 
   
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update 7/25:  
  An Open Letter to [Batman/Dark Knight Rises movie director] Christorpher Nolan... and Warner Brothers:
 http://www.washingtontimes.com/news/2012/jul/24/hurt-letter-christopher-nolan-sean-penn-warner-bro/
 
     "...Which brings us to Warner Brothers, those titans of decency. You bankrolled “The Dark Knight Rises” and so many other pointlessly violent movies that infect feeble minds and bring hatred upon America. You, it is reported, are feeling really sad about those poor saps who paid to see your wicked movies — only to have the very scenes come alive and kill them in the dark, sticky rows between seats of a movie theater.
Out of your “respect” for these people, you declared you would not announce box-office receipts from this weekend’s snuff film. Instead, you will count your $150 million in bloody money — privately..." (cont'd)