White Collar Thuggery

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PostSun Nov 13, 2011 5:52 pm » by Ishumble

Neil, George Jr., George Sr., and Jeb Bush

(Excerpt)Date unknown
The Bush family and the S&L Scandal

In the early 1980s, under Reagan, regulatory changes took place that gave the S&L industry new powers and for the first time in history measures were taken to increase the profitability of S&Ls at the expense of promoting home ownership.................
There are several ways in which the Bush family plays into the Savings and Loan scandal, which involves not only many members of the Bush family but also many other politicians that are still in office and still part of the Bush Jr. administration today. Jeb Bush, George Bush Sr., and his son Neil Bush have all been implicated in the Savings and Loan Scandal, which cost American tax payers over $1.4 TRILLION dollars (note that this is about one quarter of our national debt).
Between 1981 and 1989, when George Bush finally announced that there was a Savings and Loan Crisis to the world, the Reagan/Bush administration worked to cover up Savings and Loan problems by reducing the number and depth of examinations required of S&Ls as well as attacking political opponents who were sounding early alarms about the S&L industry. Industry insiders were aware of significant S&L problems as early 1986 that they felt would require a bailout. This information was kept from the media until after Bush had won the 1988 elections.
Jeb Bush defaulted on a $4.56 million loan from Broward Federal Savings in Sunrise, Florida. After federal regulators closed the S&L, the office building that Jeb used the $4.56 million to finance was reappraised by the regulators at $500,000, which Bush and his partners paid. The taxpayers had to pay back the remaining 4 million plus dollars.

Neil Bush was the most widely targeted member of the Bush family by the press in the S&L scandal. Neil became director of Silverado Savings and Loan at the age of 30 in 1985. Three years later the institution was belly up at a cost of $1.6 billion to tax payers to bail out.

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PostSun Nov 13, 2011 6:28 pm » by Ishumble

Criminal Bankers rarely prosecuted: Source:http://online.wsj.com/article/SB10001424052748703628204575619000289073686.html

NOVEMBER 17, 2010, 10:53 A.M. ET
U.S. Sets 50 Bank Probes (excerpt)

The agency responsible for dealing with bank failures is stepping up its effort to punish alleged recklessness, fraud and other criminal behavior, as U.S. officials did in the wake of the savings-and-loan crisis a generation ago. More than 300 banks and savings institutions have failed since the start of 2008, but just a few have led to criminal charges being filed against bank officials.
TUESDAY, OCTOBER 13, 2009 (excerpt)
Richard Belzer exposes criminal bankers behind the unconstitutional and private Federal Reserve to Bill Maher

................By creating the Federal Reserve, they convinced the Congress and the people that the Federal Reserve is a government arm. It’s not. They borrow money from private banks. We’re owned by banks, and you can’t alter that. John Kennedy wanted to stop borrowing, wanted to stop using the Federal Reserve, use silver certificates to determine the value of the dollar and print money through the treasury….so they exploded his head. The point is…..”

Maher interrupts and says, “Well, that’s quite a connection you made” [with a disgusted “oh no, another damned conspiracy theorist” look on his face].

Belzer continues, “Forget the Kennedy part, he did want to do that, he did want to…[unintelligible]…”

Maher then says, “I’ve heard a lot of reasons why he got shot; I’ve never heard that one.”

Belzer responds, “Well, that’s thee reason, and that’s the scam. It’s..it’s not billions of dollars the banks control, it’s trillions. You don’t mess with the banks.”

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PostSun Nov 13, 2011 7:14 pm » by Chronicnerd

ishumble wrote:Image

How did Bernie make off with so much estimate losses are close to 65 billion,ENRON, WORLDCOM, TYCO, now Jon Corzine 600 million gone, how much have they costed us? Who really knows.

White collar crimes are just as violent as street crimes,though some like to focus on the street punks,the white collar criminals(corporate thugs with suits) are much worse economically and are punished less often.All criminals need to be punished and when they are not the results are devastating.

A 2007 report ( it's much worse now) Excerpt:
Twenty Things You Should Know About Corporate Crime
Did you know that corporate crime inflicts far more damage on society than all street crime combined? This and 19 more amazing facts about the state of corporations in America.


This might be true...depending upon how you look at it...
Everything has a + and - to it bro...

Let's look at some numbers:

What country donates the most through non-profit (as in those people with the money...they give the money to non-profits, who in turn give it to other countries or locally...)

Huh...that's funny...while I don't disagree that we have some corporate greed...I also don't think you are showing the entire picture...

Because...the math doesn't work out in my head... if we donate way more than any other country to help those in *need*...then there has to be some counter-balance action happening...

We also happen to be the one country, with a population of over 300 Million people, who happen to be in the top list for Human Development (improvement of human life):

Of course, if you were to look at the Wiki site you might say "AHA!" it isn't so...look at the WIKI statistics:
But if you bypass the first one, which is based on population and GDI, which the US has way more people than the other countries and we do make the *most* money...as in if *you* make $30,000 or more in the U.S... you are in the top 1% *wealthiest* people in the *WORLD*... that first table....yeah that is based on *all donations*...meaning if you make money...what % of your income do *you* donate to help others?

There are plenty of places:

So...that first table is based on total population's earnings and how much of the population versus their income actually donate...

However, lucky for us, since if you are in the top 1% of the most wealthy people in the world... you are safe...because you know...those "Greedy" top 1% here in America with their "tax deductions" (as in they donate and they get a deduction from their taxes)...yeah that happens to throws us in the #1 category for the most actual money donated to other countries...(second table from the wiki references).

However, our corporations do have problems...a good one is the use of Child labor...

We don't even have a rating in the "Child Labor" statistics... as in countries that allow their young to work in the labor force:
Of course, this is a bit deceptive...because many of the U.S. Corporations use companies with child labor...

Pretty much every country that the Democrats/Progressives have been in bed with today...use forced child labor...

Yeah...Chavez... he is all up in that...whole thing about allowing Jaun, age 8, to work in a sweat shop so you can wear your nifty blue jeans, shirt, or whatever...

But don't worry... our corporate greed is *WAY* bigger of a problem than some kid in a sweat shop...right?

Hmm... what products do you use today that could have ended up in you supporting some kid in the middle of no where working themselves to the bone because their government really just "doesn't give a crap"?
Coco...yep...Hersheys...if you have eaten chocolate in your life...chances are... you supported the very concept of child labor...
Coffee... like starbucks? Have that cup of Joe in the morning?
Chances are... it was collected by a minor...under very dire conditions...
Here are the items broken down for you:

Now, you are in America...you run a business...someone comes and wants to sell you something... say coffee... they swear up and down they don't use child labor... you build a business around it...and next thing you know? You business model...all of the margins you have worked out and balanced over the years... end up...partially being due to "cheaper" costs...as in goods...as in child labor.

Now, you can just shut the doors...because when you look at the difference of "pure" coffee that follow all of the "politically correct" guides...the margin for profit will drive your company into the ground...so you can't keep all of the workers you currently pay...and thus you are faced with a "no win" scenario:
Your damned if you keep buying from the same source...
Your damned if you shut your doors or have a heavy layoff...because all profits up to date...shareholders...retired employees...are made from the child labor...and all people *depending* upon you keeping the doors open so they can *eat*...

Being in the hot seat of the "global economy" as a CEO is not a job I personally would want...because you always end up in these really weird "no win" situations...

Of course...there is *MOST DEFINITELY* corrupt assholes in large scale corporations that need the punt...because they *knew* things like this from the start...or they specifically shopped for it, due to the low pricing, or they are doing something else with 100% full knowledge that they are "screwing" someone...and those jerks...need to go!

Regarding knowing what to buy and what not to buy?
Well...if you want someone, who is out to make a "buck", to inform you their products are built with the sweat and blood of little habeeb sitting in a sweat shop someone...they won't... as well... whether you like it or not...many of the companies you probably shop at...are no longer "American" companies...as in the shareholders, i.e. majority, are foreign investors... you know folks like Soros... or China...or Taiwan...etc...they can do this through, yes here is the "Wall Street" flaw, buying stocks...and if you got enough...well you now can vote who you want to run the "show".
So, while it appears to be "corporate greed in America"...the puppet masters behind the scenes... typically are the very ones who allow children to work in the sweat shops...

However, you can go to places like this:

And find your alternate choice... of course...these items...cost MUCH more than the other ones...because they have to pay the "full" price to get them made...which then brings us to places like:


Two of the most "China Centric" shopping centers in America... and the majority of their products are made in ???


And who leads the way in Child labor?


Wee... this is fun isn't it? If you have been buying from these places...then you have most definitely supported child labor...under very crappy and unhealthy conditions.

Now... why do I say this? Because...here in America... you know the place that DOESN'T allow that type of thing? Yeah... we don't allow child labor...or perhaps making of plastics with no real regard for the environment...because we have *REGULATIONS*... that make it too costly...

But wait... there's more!

You see... there has been this whole debate going on for about 2 decades now... as to whether it is a good idea to allow companies to "outsource" their manufacturing...

You know... like that whole Obama supporting the idea...concept...of moving our companies...over to...China thing????

Oh yeah... and I 100% will bet that somewhere in those production lines...little XenChi, age 10, will be sweating away to produce a cheep product just for YOU to consume!

Isn't that cool!? The same man who is supporting the OWS...who is all "high and mighty"... who has been "Pointing the finger"...at all these "Evil" corporations...is doing exactly...that...and not only that...he is building legislative processes and relations with China for even MORE...oh yeah...it is going to get FUN!

Here is just one link of many links that talks about how Obama is all up in the business of "Social Justice"...as in...giving other countries a "chance" to make more money...child labor...no worries...no bias...it would go against the very "moral fiber" of the "social justice" concept to not allow some 10 year old to have a job...right?


However, our "corrupt" system here in America...is not as bad as most would think...

Here is a great article that covers communist countries and how much death has occurred due to an intentional act by their very own government (communism is typically referred to a a socially "just" society...or the term "socialism" is typically bound to the very definition of communist government):

Here is another view... various means of death for the 20th century... whether it is war, disease, or even...their very own government:
So..there is a term used here... called "Democide"...it has a *very* interesting definition:

Democide is a term revived and redefined by the political scientist R. J. Rummel as "the murder of any person or people by a government, including genocide, politicide, and mass murder." Rummel created the term as an extended concept to include forms of government murder that are not covered by the legal definition of genocide, and it has become accepted among other scholars.[1][2][3] Rummel presents his definition without referencing any previous uses, but the term democide was defined and used in English more than 40 years earlier by Theodore Abel.[4]

Source: http://en.wikipedia.org/wiki/Democide

Here is a good link that gives you a pretty good historic run down on Democides around the world:

So...we are straight here...Democratic countries...around the world...some of them Obama is all sorts of "up in their business" and all happy with them...

Have killed MILLIONS of people... not through some chemical that might have been allowed through by the FDA...due to either corrupt politicians, lobbyists, or the like...but just walk out into the street with guns and start killing people on purpose types of deaths...

All in the name of "Social Democratic Justice"...

Yeah but it is all about America's Corporate Greed right?

We got a problem all right... the problem is that we, all of us, here in America... would rather pay $4 for a widget made in China or Taiwan...than $10 to $15 for one made in America...because "we can't afford it"...

We also got a problem because only 33% of Americans pay taxes...and that number is only for the *known* people here in America...there are TENS OF MILLIONS of illegals here...flooding hospitals...causing crimes...but that all gets "taken care of" by the 33% who pay for EVERYTHING... and 5% of that 33% pay over 85% of 100% of what the FED collects in total every year...

So there are some interesting numbers you can look at... I personally think our taxes, as a whole, are screwed...

A flat consumption tax... take the average 8.25% and slap an additional 12% onto that for every transaction...buy and selling... if you come into America...and do ANYTHING... you pay...

We get rid of the IRS...well the income tax side...it is pointless...why only collect for those who "follow the rules" and actually do pay? Is that "Social Justice" for the win or the complete opposite?

This way...corporations or *rich* people who consume a ton or buy really "fancy" things...they pay...and they pay right then and there...their "fair share"...

The issue with this trend is then people would stop giving to other countries because now there is no form of "tax break"...but there are ways to handle that too...based on your receipts and your donations you would be eligible for an end of year tax refund.

But...we still have this whole...issue with the "Greedy" corporations...when really...it is the OTHER COUNTRIES THAT ALLOW BULLSHIT TO HAPPEN THAT YOU JUST CAN'T COMPETE WITH ECONOMICALLY OR LEGALLY HERE IN THE U.S.

So... when people bitch about "Wall Street" or "White Collar Thuggery"... it kind of ticks me off... because you posted one article... that really...is generated from a source that is KNOWN to be HEAVILY INVOLVED with LOBBYISTS...

Man.. seriously... it ticks me off too about those assholes who take the 30 to 100 Million dollar salary... I think that is a form of "gluttony"... I mean really... do you need 100 Million a YEAR?

No... just like FOOTBALL PLAYERS, BASEBALL PLAYERS, MOVIE STARS... you see my point...?

They are ALL being greedy... you think how their deals go down is like:
"Hey, Tom Cruise...we *want* to give you 50 Million for doing this movie...you cool with that?"

Or more like:
"Hey, Tom Cruise...how much will it cost to do this movie?"
"50 Million"

Same with the sports "stars"... all of them...EVERY SINGLE MOVIE STAR AND ATHLETE WE KNOW... is part of the problem...

Why? Well... they are all part of the "Top 1%"... and that leads us to...what are they going to do WITH that money?

Invest it...of course!

Who do they invest it with? Corporations...

Who do the Corporations have to compete with?
Places like China...Taiwan...all of the countries that don't have to "play by the same rules" as we do here in the U.S....

But yeah... let's just blame it on White Collar Thuggery... because the white collar workers are obviously not following protocols and doing what their Board of Directors...are dictating...right?

Here is the flow:
Majority Stock Holders: The people who own the majority of stocks in a company. They vote in the Board of Directors. The stock holders own the stock...and as such are the ones with *the money* and the power to elect who they want on their board of directors through voting.

Board of Directors: These people are elected by the majority shareholders and their votes. These people hire and fire the CEO, CTO, COO, and all other relevant officers of the company. The officers of the company report *directly* to the Board of Directors. If a company screws something up...everyone always points the finger at the CEO...when, as far as we know, the Board of Directors specifically told the CEO that is what they wanted him or her to do...

Officers of the Company: They are elected by the Board of Directors. They hire and fire everyone else in the corporate totem pole. They also hold the burden of what we now call "Fiduciary Responsibility"...which means they are "Bound by law to make decisions that are *only* good for the company as an entity...all other considerations take second seat."

So... while I think there is rampant corruption around the world... and there is white collar crazy crazy going on... I also think that many people in America are 100% OBLIVIOUS to what is really happening...who is playing what games with who...how decisions are *actually* made in corporations...who holds who's reigns... and finally... an inability to actually see that our laws...that are predominantly "Democratic Left Wing" driven laws...

You know... the whole global warming thing forced a legislation that increased chemical production plant's costs by a ludicrous amount...Obama recently passed "Energy" bills that made the claim of reducing emissions...while sending our very own companies over to China where they have no regulations?

Yeah... it is a total mess... and that one example you pointed out... sure...he is corrupt...yeah...but who are the board members? Who are the majority share holders?

I mean...after all...they really are the "boss"... so...I duno... it just seems like people want to go on a witch hunt and point the finger at someone...when the answer is there...right there...in front of their faces...and they prefer to want to hate an individual...as opposed to say...a country? Especially if the current administration is all snuggle buddies with them?

Why else would the Democrats be pointing at "Wall Street"? It has no head...is a fictitious entity now days...more of an Iconic symbol...and really just diverts people from the "real" issues...

Why not write articles about CEO's and COO's who "were corrupt"...when the Board of Directors dictate their salaries?

I mean...when you hear of a CEO getting a 300 Million dollar salary or bonus or whatever...that is a bribe...from the BOARD OF DIRECTORS...which very well...could have taken orders...from...


See my point? Not saying he isn't guilty...oh yeah...corrupt to the bone...but...he is the fall guy...not the real target... and this is why I rant on many of these threads with the same tone...

Not anyone's fault they don't really understand the process...but hopefully...one day...people will start to see where the real problems are *originating* from...

Until then... we will be treating the symptom...not the true problem(s).

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PostSun Nov 13, 2011 7:50 pm » by Ishumble

Chronicnerd I appreciate what you have pointed out. I actually do have an understanding of how corruption on a scale as large as this works(read the S&L scandal).The layers are placed to protect the real criminals, and confuse the citizens.If you follow the money in most cases the whole truth is revealed.The Penn state scandal is proof of this.Penn state's money was the issue who really cared about the abused kids? Penn state? For more information see news on the credit status of Penn state.The district attorney in 1998 knew about Sandusky's sex crimes and so did the board of dis-trustees. Sandusky will be the fall guy for them all, he is the alleged abuser,and pimp,but the entire board along with everyone who knew,and participated in the sexual abuse of these kids should be prosecuted.

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PostSun Nov 13, 2011 8:38 pm » by Chronicnerd

ishumble wrote:Chronicnerd I appreciate what you have pointed out. I actually do have an understanding of how corruption on a scale as large as this works(read the S&L scandal).The layers are placed to protect the real criminals, and confuse the citizens.If you follow the money in most cases the whole truth is revealed.The Penn state scandal is proof of this.Penn state's money was the issue who really cared about the abused kids? Penn state? For more information see news on the credit status of Penn state.The district attorney in 1998 knew about Sandusky's sex crimes and so did the board of dis-trustees. Sandusky will be the fall guy for them all, he is the alleged abuser,and pimp,but the entire board along with everyone who knew,and participated in the sexual abuse of these kids should be prosecuted.

Yep... :clapper:

Glad to know there are folks out there who "get it"...
Obviously...I am on a rant as of recently...I might have hit my head in the frontal lobe region one too many times when reading some of the posts here..

Heh...but yeah...the point you just made is a *perfect* example of the issue... people need someone to point the finger at...I mean...what are you going to do...fire everyone that knew? How would that impact things?

Dunno...one side of me says "yes...yes please get rid of anyone who turns their head their other way"... and another part of me says: "But...then what happens to that entity they are currently running?"

I mean...you just can't pull a mass of people from high level positions, who basically know how the "machine" works, and expect new people to just pick up where they left off...

Or can we?

Dunno... but there is one thing for sure... people need to start looking at the real sources of the problem...even if it points back to themselves... making a choice to ignore it...is still making a choice...

Making a choice to point blame at "generalized" entities (i.e. greedy corporations)...where if you did some research (10k filings...tell all about companies)... you can see who is behind the curtain...who the majority shareholders are...and then just look at those folks and what they stand for...

A good example would be:
George Soros:
Look at the companies he has stock in... look at the amount of stocks he owns...

Look at who owns our debt:

Then look at the world politics...

It is pretty simple to see who is telling who what to do...

Either case... we need to get people in our government who will turn this boat around...otherwise...if we keep going down this "social justice" path we will end up like this:

Mind you... they have 1.5(+) billion people vs our 300 million...
481 Million of their people live on $2 a day...

And we got all sorts of cuddly with them over the past three years with the current administration... and now the very same administration who can't get enough of US work pushed over to China...is pointing fingers inside America due to "Wall Street" and "Top 1%" not paying their fair share... when in fact...some reports are stating that China's wealth to poverty ratio is far worse than in America...

It is nuts... if people are going to be protesting or bitching about something...it is allowing other countries to "get away" with the very same thing we are penalizing and accusing our very own of doing...but since that is "their government"...it seems that it doesn't really matter... to them.

And so now we got these people...young people...who really don't have a clue...good intentions...wanting equality for all...a "fair" world... but somehow they have allowed these people to literally "trick" them into some weird political game...all endorsed by the left wing "figures"...who happen to be part of the problem...

Sort of like... "uh...don't look here...look...uh... Wall Street! Yeah... the 'fat cats'....go get em!"

No real names...just "generalized" terms that don't call out the specific entities...when they are the government...they *know* what the deal is...who is doing what...heck...homeland security has become even more intrusive since Bush...with Obama...and so I *know* for a fact they *know* who is doing what...

And so...we end up in this weird mish-mash of finger pointing...confusion...and people wanting blood...with ignorance as their guide and hatred as their fuel...

Always a bad combination...

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PostMon Nov 14, 2011 12:36 am » by Ishumble

Chronicnerd,recently ATL had an education scandal(search the news)you know what happended to everyone involved? close to 200 where fired if not more, yes everyone at Penn with knowledge of the incident,and did not call the police or DCF or FBI should be fired.Those who egaged in the abomination Sandusky and the others he pimped the kids too, should be raped anally by an elephant until they are dead.

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PostFri Nov 18, 2011 6:17 am » by Ishumble

Notice who the criminals are
Image Image

Boehner,Pelosi and Bachus no they won't ever be prosecuted.
In justice anywhere is a threat to justice everywhere...........MLK

Feature Stories | Published 17 Nov 2011, 11:50 am(excerpt)

Insider Trading In Congress Under Scrutiny

The public uproar in response to Sunday’s 60 minutes investigation into legalized Congressional insider trading has rattled Washington DC. Senator Scott Brown of Massachusetts yesterday introduced the Stop Trading on Congressional Knowledge, or STOCK Act. The STOCK Act would prohibit elected officials and staff from trading stock based on information gleaned on pending legislation in meetings and from each other. Government officials can currently trade using non-public information, but so far none will admit to doing so.



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