OBAMANOMICS:
THE ASSAULT ON THE AMERICAN MIDDLE-CLASS CONTINUES - The insider trading fix
and class justice in America
THE COURTS
UPHOLD DICTATOR OBAMA'S POLICIES OF CRIMINAL BANKSTER CRONIES ABOVE THE LAW!
CRIMES
AGAINST AMERICA: Barack Obama, His Criminal
Banksters
and the Mexican drug cartels
“I’m not here to punish banks!” Barack Obama
in the faces of the American People his bankster donors looted – State of the
Union Message
“Records show that four out of Obama's top
five contributors are employees of financial industry giants - Goldman Sachs
($571,330), UBS AG ($364,806), JPMorgan Chase ($362,207) and Citigroup
($358,054).”
OBAMA’S
PROMISE TO CRONY
BANKSTERS:
Not one day in prison!
“Nearly five
years after the greatest financial crash since the
Great
Depression, triggered by rampant illegality and fraud
on the part
of the major banks, not a single major institution
or leading
bank executive has been indicted, let alone tried,
convicted
and jailed.”
http://mexicanoccupation.blogspot.com/2014/01/barack-obama-and-jamie-dimon-americas.html
Hillary has
declared bankster looting will see even greater rewards from her
administration!
“In reality,
the settlement falls far short of holding JPMorgan
accountable
for its fraudulent sale of mortgage-backed assets,
which netted
the bank tens of billions of dollars in profits
while
exacerbating the sub-prime mortgage crash that led to
over ten
million foreclosures in the US and a global economic
downturn that
thrust many millions more into
unemployment
and poverty.”
“Nearly five
years after the greatest financial crash since the
Great
Depression, triggered by rampant illegality and fraud
on the part
of the major banks, not a single major institution
or leading
bank executive has been indicted, let alone tried,
convicted
and jailed.”
Hillary has
declared bankster looting will see even greater rewards from her
administration!
“In reality,
the settlement falls far short of holding JPMorgan accountable for its
fraudulent sale of mortgage-backed assets, which netted the bank tens of
billions of dollars in profits while exacerbating the sub-prime mortgage crash
that led to over ten million foreclosures in the US and a global economic
downturn that thrust many millions more into unemployment and poverty.”
The insider
trading fix and class justice in America
Every day in
America, workers and young people are set upon by the police. On most days, at
least one is killed.
Over the
seven days between March 27 and April 3, 28 people were killed by police
officers across the US. Christopher Prevatt, 38, of Winchester, Virginia became
the 28th fatality of the week, and the 298th of 2015, when he was shot and
killed in his home at about 5 PM on April 3 by a Frederick County Sheriff’s
deputy.
The same
week, 11 educators in Atlanta, Georgia, including four former teachers, were
convicted on state racketeering charges for inflating the results on standardized
tests. An investigation by the governor’s office had concluded that the
educators were threatened with the loss of their jobs or demotion if they
failed to meet student achievement targets. Nevertheless, they were led away to
prison in handcuffs to face sentences of 20 years or more. The judge denied
their requests for bail, vindictively declaring that they had made their beds
and now had to lie in them.
Also that
week, a judge in Indiana sentenced a 33-year-old woman to a 20-year prison term
for feticide. The woman, who had a miscarriage in 2013, was arrested after her
doctor informed police that she might have used medication to terminate her
pregnancy.
In America,
“justice” for the working class and poor is remorseless, brutal and final.
Millions are caught up in the vast gulag known as the prison system—the largest
in the world. They are overwhelmingly poor and disproportionately black and
Latino. According to the American Bar Association, 360 people are serving life
sentences for shoplifting in California alone.
Occasionally,
workers who have been imprisoned for years or decades on the basis of false
evidence are released. Last November, Rickey Jackson, then 57, was exonerated
of murder charges after spending more than 39 years in prison, several of them
on death row. Such rare exceptions to the rule of permanent entombment for
victims of police frame-ups provide a glimpse into the cesspool of injustice
and cruelty for millions that is the American justice system.
It is
entirely different for the rich and well connected, especially the denizens of
Wall Street. On April 3, the last day of Christopher Prevatt’s life, the US
Court of Appeals for the Second Circuit turned down a motion by the US Attorney
for the district covering Wall Street to reconsider the court’s December ruling
overturning the conviction on insider trading charges of two hedge fund
executives.
Legal
experts were surprised that the appeals court refused to accept the
prosecutor’s motion, which included a request that the entire court review the
ruling handed down in December by a three-judge panel. They were surprised
because the December ruling sharply broke with judicial precedent to impose a
novel and highly restrictive standard for prosecuting and convicting financial
criminals who use insider information not available to the public to rig the
markets for their personal gain.
The court
brushed aside the prosecutor’s argument that its ruling “will dramatically
limit the government’s ability to prosecute some of the most common culpable
and market-threatening forms of insider trading.” The judges knew that, which
is precisely why they ruled in the way they did.
The December
ruling overturned the convictions of Anthony Chiasson, founder of Level Global
Investors, and Todd Newman, a former trader at Diamondback Capital Management.
Newman and Chiasson had received prison sentences of four-and-a-half and
six-and-a-half years, respectively, after allegedly taking in $72 million by
soliciting insider information about technology firms Nvidia and Dell.
In the wake
of the December ruling, the Obama Justice Department has already dropped
charges against several defendants it had accused of trading on insider
information, including some who had pleaded guilty. The department said
prosecutors could not prove allegations under the new legal framework.
It is
believed that the ruling has set the stage for a reversal of the 2013 jury
trial conviction of former SAC Capital Advisors portfolio manager Michael
Steinberg. A longtime confidant of the multibillionaire manager of the SAC
hedge fund, Steven A. Cohen, Steinberg was sentenced to three-and-a-half years
in prison last May.
In 2013, the
Justice Department arranged a settlement with SAC and Cohen under which the
firm pleaded guilty and paid $1.2 billion in penalties for operating what
prosecutors called insider trading “on a scale without known precedent.” No
charges were brought against Cohen himself, who was allowed to keep the vast
bulk of his $9 billion-plus fortune, obtained, according to the government, by
criminal means.
These cases
typify American class justice as applied to the financial aristocracy. The
parasites who make their fortunes by speculating with other people’s money,
playing fast and loose with securities and fraud laws, are shielded from any
criminal accountability by the Obama administration, Congress and the courts.
The media does its part by covering up or downplaying their crimes.
The new
aristocrats, like the lords of old, are not bound by the laws that apply to the
lower orders. Voluminous reports have been issued by Congress and government
panels documenting systematic fraud and lawbreaking carried out by the biggest
banks both before and after the Wall Street crash of 2008.
OBAMA CRONY DONORS Goldman Sachs, JPMorgan Chase, Bank of
America and every other major US bank have been implicated in a web of
scandals, including the sale of toxic mortgage securities on false pretenses,
the rigging of international interest rates and global foreign exchange
markets, the laundering of Mexican drug money, accounting fraud and lying to
bank regulators, illegally foreclosing on the homes of delinquent borrowers,
credit card fraud, illegal debt-collection practices, rigging of energy
markets, and complicity in the Bernie Madoff Ponzi scheme.
One
government-organized settlement has followed another,
utilizing
“deferred prosecution” deals and other gimmicks to allow
Wall Street
CEOs to get off scot-free. All the banks have had to do
is pay
largely fictitious fines, much of the nominal amount written
off as tax
credits.
Not a single
top bank executive has been criminally prosecuted, let alone convicted or
jailed, for illegal practices that led to the collapse of the financial system
and a global depression. On the contrary, they have been rewarded by their
bribed flunkies in government. They have seen their profits and personal
fortunes soar on the basis of government bailouts and an endless stream of cash
from the Federal Reserve.
Their
plundering of the economy has continued unabated, while the
working
class has been made to pay the cost through layoffs, wage
cuts and a
ruthless assault on social programs and services.
The same
week as the appeals court’s refusal to reconsider its
December
ruling on insider trading, Barron’s magazine
emblazoned
its March 30 edition with a photo of JPMorgan CEO
Jamie Dimon
(known as “Obama’s favorite banker”) and the
headline
“Back on Top.” The caption read: “After five years of
regulatory
tumult, JPMorgan has emerged as the No. 1 US bank in
assets,
credit cards, and investment banking. But CEO Jamie
Dimon is not
finished yet. Why shares could rise 30 percent in a
year.”
Describing
the bank’s annual investor day event, held in February,
the article
quoted a banking analyst as saying, “If there was a theme
to investor
day, it was Taylor Swift’s song, ‘Shake it off.’”
BASIC COURSE
IN OBAMANOMICS: WHILE
THE LOOTING
FOR OBAMA'S CRONY BANKSTERS ONLY
GETS BETTER
AND BIGGER, HERE'S WHAT'S LEFT FOR
THE VICTIMS-
THE AMERICAN PEOPLE...
* Nine
million workers are officially unemployed, another six
million have
dropped out of the labor force, eight million work
part-time
when they want full-time jobs and 12 million work for
temporary
employment agencies.
* Real wages
have fallen steadily for American workers since
2007,
dropping another five cents an hour in December 2014. The
real income
of the average working-class family is now back to the
level of
2000—15 years of stagnation in living standards.
* The US
poverty rate has risen from 12.6 percent in 2007 to 14.5
percent in
2013. Nearly half of all Americans and more than half of
all US
school children are poor or near poor.
* One fifth
of American children do not get enough to eat, while
the overall
rate of food insecurity has jumped from 11 percent in
2007 to 16
percent in 2013. One million Americans will be cut off
food stamp
benefits this year.
The (real)
state of American society as 2015 begins
6 January 2015
As the New
Year begins, the social crisis gripping tens of millions of working people in
the United States is worsening. Hunger, poverty and long-term joblessness
remain at the highest levels in decades, while vital social services continue
to be slashed.
http://mexicanoccupation.blogspot.com/2015/01/the-state-of-american-society-as-2015.html
The constant
of domestic
policy—enthusiastically
pursued by both big-
business
parties—is an unrelenting assault on
the working
class.
CRONY
CAPITALISM: How Obama’s Crony Capitalism destroyed the American Middle-Class
and made his virtual dictatorship possible.
"Upon
coming to office, however, Obama pursued the most right-wing agenda in US
history. It quickly emerged that
whatever vague promises he made were insincere, and that his administration was
committed to an acceleration of the policies of the Bush administration—
overseeing a historic transfer of wealth to the rich, escalating military violence
abroad, and deepening the attacks on democratic rights within the United
States."
“That
President Obama would lawlessly bring in more cheap labor at the request of
corporate interests at a time when tens of millions of Americans are unemployed
speaks volumes.”
THE OBAMA
YEARS – THE GOLDEN AGE OF BANKSTER LOOTING AND BANKSTER WELFARE…
Obama and crony Jamie Dimon of JP
MORGAN… their looting continues!
OBAMA’S
CRONY BANKSTERS PARTY UP AND STILL
GIVE THE
AMERICAN PEOPLE THE MIDDLE FINGER
http://mexicanoccupation.blogspot.com/2014/02/obamas-crony-banksters-give-american.html
'Not when
those foibles had resulted in real harm to millions of people in the form of
foreclosures, wrecked 401(k)s, and a devastating unemployment crisis.'
SOARING
INCREASE IN WEALTH FOR BILLIONAIRES….
soaring
poverty, joblessness for LEGALS as billionaires push for
Obama’s
AMNESTY to legalize Mexico’s looting and keep wages
depressed.
http://mexicanoccupation.blogspot.com/2015/01/amnesty-and-billionaires-wealth-of.html
“The
American political system is not a democracy; it is a plutocracy—a government
of, by and for the rich. The financial aristocracy of bankers and financial
parasites runs the country by means of the CIA, the military and a thoroughly
bribed retinue of politicians from the White House and Congress down to City
Hall.”
Income
inequality grows FOUR TIMES
FASTER under
Obama than Bush.
http://mexicanoccupation.blogspot.com/2014/12/obamanomics-at-work-depressed-wages-and.html
STAGGERING
ACCUMULATION OF WEALTH BY THE WEALTHY UNDER BARACK OBAMA.
The American
middle-class pays the cost!
http://mexicanoccupation.blogspot.com/2014/12/omamanomics-works-for-1-us-wealth-gap.html
OBAMANOMICS
AT WORK: SOARING
POVERTY
http://mexicanoccupation.blogspot.com/2014/12/obamanomics-at-work-depressed-wages-and.html
POVERTY –
HALF OF AMERICA HITS BOTTOM!
OBAMANOMICS:
HALF or NEARLY HALF OF AMERICA TEETERS ON THE EDGE OF POVERTY… and yet the
Democrat party is determined to legalize Mexico’s looting and hand millions
more jobs to Mexicans… simply to keep wages depressed for their campaign
contributing paymasters!
http://mexicanoccupation.blogspot.com/2014/10/as-millions-of-illegals-loot-our-jobs.html
OBAMA’S
BANKSTERS TO THE MEXICAN GET OFF –
BUT THEN
UNDER OBAMA ALL BANKSTERS GET OFF!
BUILDING THE
OBAMA DICTATORSHIP: BANKSTERS, LA RAZA FASCIST and the MEXICAN … business is
good for them under the Obamanation!
“Not one
banker was prosecuted for illegal involvement in the drugs trade.”
http://mexicanoccupation.blogspot.com/2013/05/the-case-for-impeachment-barack-obama.html
HSBC
documents reveal criminal conspiracy of banks and governments
BANKSTERS TO
THE MEXICAN DRUG CARTELS: Obama’s crony banksters at work for
the 1%,
crooked politicians and the 1% - CALL IT OBAMANOMICS!
http://mexicanoccupation.blogspot.com/2015/02/obama-and-his-crony-criminal-banksters.html
BANKSTER
RAHM’S VICTORY FOR HIS 1% CRONIES –
FIRST ON THE
RAHM AGENDA: CUT PENSIONS, MORE “BAILOUTS” FOR CRONY BANKSTERS.
http://mexicanoccupation.blogspot.com/2015/04/right-wing-democrat-reelected-as.html
RAHM
EMANUEL…. only one more of Obama’s dirty crony banksters implementing
OBAMANOMICS: loot from the middle-class and hand it to the 1%!
http://mexicanoccupation.blogspot.com/2015/04/mayor-rahm-emanuel-obamas-bankster.html
OBAMA
BANKSTER CRONY RAHM EMANUEL:
“Mayor
Emanuel embodies the foulest
characteristics
of American politics in general
and the
Democratic Party in particular. An
operative in
the Clinton administration,
Emanuel made
millions as an investment
banker
before returning to the White House
as Obama’s
chief of staff.”
TO WORK IN
THE OBAMA ADMINISTRATION, ONE NEEDS TO BE CONNECTED AND ACTIVELY SERVING
OBAMA’S CRONY BANKSTERS, or be a member of the MEXICAN FASCIST PARTY of LA
RAZA, as both Obama’s Sec. of Labors, DHS Saldana, and Judge Sotomayor are!
Mayor
Emanuel embodies the foulest characteristics of American politics in general
and the Democratic Party in particular. An operative in the Clinton
administration, Emanuel made millions as an investment banker before returning
to the White House as Obama’s chief of staff.
http://mexicanoccupation.blogspot.com/2015/04/obamaland-chicago-and-assault-of.html
As mayor,
Emanuel has pursued the same policies in Chicago as Obama on the national
level. He has presided over the closure of 50 schools, attacks on the jobs and
pensions of teachers and public employees, and a wave of police violence
against youth and working people. The money siphoned from essential services
has funded tax cuts and other subsidies for corporations and wealthy investors.
The
Democratic and Republican politicians endlessly proclaim that there is no money
to meet pressing social needs. But the ranks of multi-millionaires and
billionaires continue to grow, along with the obscene levels of wealth they
control. These are the paymasters of both corporate-controlled parties.
HILLARY
CLINTON VOWS THAT OBAMA’S CRONY CRIMINAL BANKSTERS WILL TAKE OUT ELIZABETH
WARREN!
…. Hillary
has filled her pockets with dirty Obama bankster money!!!!
http://mexicanoccupation.blogspot.com/2015/04/clinton-vs-warren-and-winner-among.html
CRONY
CAPITALISM… predicated on keeping wages depressed to third world levels for his
billionaire donors!
Obamanomics:
How Barack Obama Is Bankrupting You and Enriching His Wall Street Friends,
Corporate Lobbyists, and Union Bosses…and Muslim Dictators
http://mexicanoccupation.blogspot.com/2012/11/obamas-crony-capitalism-obama-was.html
MEX DRUG
ADDICTED AMERICA – BUILDING THE LA RAZA
OCCUPATION
AND OBAMA DICTATORSHIP
THE OBAMA –
LA RAZA CONSPIRACY: Will the Mexican Drug Cartels Help Obama finish off the
American Middle-Class and advance his designs on being America’s first
dictator?
From his
first day in office, Barack Obama has sabotaged America’s borders and laws to
facilitate Mexico’s invasion and wholesale looting of the American economy!
http://mexicanoccupation.blogspot.com/2015/04/the-obama-conspiracy-for-mexican-drug.html
NOT ONE OF
OBAMA’S CRONY BANKSTERS THAT LAUDER MEX DRUG CARTEL MONEY WAS EVER
PROSECUTED!!!
TAKING DOWN
AMERICA:
Obama and
the LA RAZA Mexican Drug Cartels Hit Chicago!
http://mexicanoccupation.blogspot.com/2015/04/why-barack-obama-says-he-will-never.html
THE RISE OF
BARACK OBAMA and the
FALL of
AMERICA
HOW A
SOCIOPATH CONNED A NATION CALLING IT “HOPE & CHANGE” AND THEN BECAME GEORGE
BUSH’S THIRD & FORTH TERMS ON STEROIDS.
http://mexicanoccupation.blogspot.com/2014/06/the-rise-of-barack-obama-and-fall-of.html
THE OBAMA
SUPER DEPRESSION AT HAND: Crony
capitalism
and the Obama administration at work for the 1%
Global
financial markets are on the road to another crash, with consequences even more
serious than the collapse of September 2008. There have been a series of dire
warnings from within the ruling class itself that present monetary policies
have created massive financial bubbles with devastating consequences.
http://mexicanoccupation.blogspot.com/2015/03/obamanomics-did-his-crony-bansters.html
OBAMANOMICS:
Did Obama’s Crony Banksters Destroy the Global Economy after sucking up
trillions in tax payer-paid welfare?
You bet!
That’s why they invested in Obama!
http://mexicanoccupation.blogspot.com/2015/03/obamanomics-did-his-crony-bansters.html
CRONY
OBAMANOMICS – HOW OBAMA
SQUANDERED
AMERICA FOR HIS
LOOTING WALL
STREET BANKSTERS!
http://mexicanoccupation.blogspot.com/2013/09/the-reality-of-obamas-crony-capitalism.html
$3.39T
Quantitative Explosion: Fed Owns More Treasuries and MBSs Than Publicly Held
Debt Amassed From Washington Through Clinton.
OBAMA, HIS
WALL STREET CRONIES, THE DEMOCRAT PARTY, BILLIONAIRES,
UNIONS and
the U.S. CHAMBER of COMMERCE CONSPIRE TO END THE AMERICAN
MIDDLE-CLASS….
they call it amnesty!
http://mexicanoccupation.blogspot.com/2015/03/obamas-assault-on-american-middle-class.html
WILL OBAMA
CAUSE THE IMPENDING GLOBAL ECONOMIC
MELTDOWN?
http://mexicanoccupation.blogspot.com/2015/02/the-obama-depression-is-here-record.html
"Notwithstanding
these powerful trends, the stock markets continue to power on, providing a
graphic demonstration of the degree to which the accumulation of wealth by
global financial elites has become divorced from the actual process of
production."
POVERTY...
Obama destroys the American middle-class and builds his bankster-funded
dictatorship.
STAGGERING
EXPLOSION OF POVERTY IN AMERICA … as Obama eases millions of illegals into our
jobs and hands them billions in welfare!
http://mexicanoccupation.blogspot.com/2015/02/poverty-soars-under-obama-as-he-eases.html
THE
IMPENDING GLOBAL DEPRESSION –
OBAMANOMICS
AT WORK… even as his crony banksters
loot trillions.
http://mexicanoccupation.blogspot.com/2015/02/did-obamas-crony-banksters-destroy.html
HE SERVES
HIS PAYMASTERS!
OBAMANOMICS:
CLOSET REPUBLICAN BARACK OBAMA’S GIFT TO THE 1% and WALL STREET LOOTERS!
http://mexicanoccupation.blogspot.com/2015/02/closet-republican-barack-obamas-assault.html
“As Obama
and the Democrats know perfectly well, the supposedly “progressive”
elements of
his budget will be rejected by the Republican Congress, while the pro-
corporate
and militarist meat of the proposal will be enacted.”
Obama’s
State of Delusion ... OR JUST ANOTHER "Hope & Change" HOAX?
22 January
2015
”The
delusional character of Obama’s State of the Union
address on
Tuesday—presenting an America of rising living
standards
and a booming economy, capped by his declaration
that the
“shadow of crisis has passed”—is perhaps matched
only in its
presentation by the media and supporters of the
Democratic
Party.”
http://mexicanoccupation.blogspot.com/2015/01/oxfam-richest-one-percent-set-to.html
“The general
tone was set by the New York Times in its lead editorial on Wednesday, which
described the speech as a “simple, dramatic message about economic fairness,
about the fact that the well-off—the top earners, the big banks, Silicon
Valley—have done just great, while middle and working classes remain dead in
the water.”
OBAMANOMICS:
The report
observes that while the wealth of the world’s 80 richest people doubled between
2009 and 2014, the wealth of the poorest half of the world’s population (3.5
billion people) was lower in 2014 than it was in 2009.
http://mexicanoccupation.blogspot.com/2015/01/oxfam-richest-one-percent-set-to.html
In 2010, it
took 388 billionaires to match the wealth of the bottom half of the earth’s
population; by 2013, the figure had fallen to just 92 billionaires. It fell to
80 in 2014.
THE OBAMA
ASSAULT ON THE AMERICAN MIDDLE-CLASS
“The goal of
the Obama administration, working with the Republicans and local governments,
is to roll back the living conditions of the vast majority of the population to
levels not seen since the 19th century, prior to the advent of the eight-hour
day, child labor laws, comprehensive public education, pensions, health
benefits, workplace health and safety regulations, etc.”
http://mexicanoccupation.blogspot.com/2015/01/oxfam-richest-one-percent-set-to.html
“In response
to the ruthless assault of the financial oligarchy, spearheaded by Obama, the
working class must advance, no less ruthlessly, its own policy.”
HILLARY
CLINTON: CONFESSED CLOSET REPUBLICAN
Hillary
Clinton’s vow to protect the 1%, banksters and buy the illegals’ votes with
Obama’s amnesty hoax to legalize Mexico’s looting.
Her record
speaks for itself!
http://mexicanoccupation.blogspot.com/2014/09/hillary-clinton-and-1-billionaire-class.html
HILLARY – A
DEDICATED SERVANT OF WALL STREET MONSTERS and a CLONE of BARACK OBAMA!
http://fortune.com/2014/06/13/hillary-clinton-dealmaker-business/
HOW WELL DID
JP MORGAN DO WITH
THEIR
INVESTMENTS IN BARACK OBAMA,
THE HUCKSTER
FROM CHICAGO???
CRONY
CAPITALISM: OBAMA PROTECTS JP MORGAN, THE BIGGEST BANKSTER CRIMINALS IN
AMERICAN HISTORY, AND ONE OF OBAMA’S BIGGEST BANKSTER DONORS!
http://mexicanoccupation.blogspot.com/2014/01/barack-obama-and-jamie-dimon-americas.html
Nearly five
years after the greatest financial crash since the Great Depression, triggered
by rampant illegality and fraud on the part of the major banks, not a single
major institution or leading bank executive has been indicted, let alone tried,
convicted and jailed.
Why aren’t
the Wall Street criminals prosecuted?
By Barry
Grey
7 January
2014
In May 2012,
only days after JPMorgan Chase’s Jamie Dimon revealed that his bank had lost
billions of dollars in speculative bets, President Barack Obama publicly
defended the multi-millionaire CEO, calling him “one of the smartest bankers
we’ve got.” What Obama did not mention is that Dimon is a criminal.
http://mexicanoccupation.blogspot.com/2014/01/why-arent-wall-street-criminals.html
JPMorgan is
not the exception; it is the rule. Virtually every major bank that operates on
Wall Street has settled charges of fraud and criminality on a staggering scale.
In 2011, the Senate Permanent Subcommittee on Investigations released a
630-page report on the financial crash of 2008 documenting what the committee
chairman called “a financial snake pit rife with greed, conflicts of interest
and wrongdoing.”
These multiple
crimes by serial lawbreakers have had very real and very destructive
consequences. The entire world has been plunged into an economic slump that has
already lasted more than five years and shows no signs of abating. Tens of
millions of families have lost their homes as a result of predatory mortgages
pushed by JPMorgan and other Wall Street banks.
OBAMANOMICS:
How Barack Obama Is Bankrupting You and Enriching His Wall Street Friends,
Corporate Lobbyists, and Union Bosses…and Muslim Dictators
http://mexicanoccupation.blogspot.com/2012/11/obamas-crony-capitalism-obama-was.html
OBAMA’S
HAREM OF CORRUPT BANKSTERS… DO A
GOOGLE FOR
HOW MANY ENDED UP WORKING IN HIS
ADMINISTRATION.
“Records
show that four out of Obama's top five contributors are employees of financial
industry giants - Goldman Sachs ($571,330), UBS AG ($364,806), JPMorgan Chase
($362,207) and Citigroup ($358,054).”
Obama now
looting the American student
while he
hands billions in DEM DREAM
ACTS of
WELFARE to illegals… his bankster
cronies at
JPMorgan cleaning up on students
also!
“But as the
Federal Reserve attempts to lower borrowing costs for everyone from households
and small businesses to large corporations and Wall Street banks, student
borrowers have not been able to benefit.”
http://mexicanoccupation.blogspot.com/2013/05/student-loan-profiteering-by-obama-on.html
OBAMA and
his bankster J P MORGAN LOOT AMERICA
It’s
corporate welfare and regulatory robbery—it’s Obamanomics.
In reality,
the settlement falls far short of holding JPMorgan accountable for its
fraudulent sale of mortgage-backed assets, which netted the bank tens of
billions of dollars in profits while exacerbating the sub-prime mortgage crash
that led to over ten million foreclosures in the US and a global economic
downturn that thrust many millions more into unemployment and poverty.
http://mexicanoccupation.blogspot.com/2013/11/crony-capitalismd-obamas-looting.html
Rather than
Hope and Change, Obama is delivering corporate socialism to America, all while
claiming he’s battling corporate America. It’s corporate welfare and regulatory
robbery—it’s Obamanomics.
“Records
show that four out of Obama's top five contributors are employees of financial
industry giants - Goldman Sachs ($571,330), UBS AG ($364,806), JPMorgan Chase
($362,207) and Citigroup ($358,054).”
JP MORGAN:
Obama's fave criminal crony bankster donor!
BARACK
OBAMA’S BANKSTER-BOUGHT REGIME of CORRUPTION SERVING CRIMINAL BANKSTER DONORS,
BILLIONAIRES, the 1% and LA RAZA ILLEGALS!
…..the rest of us get the tax bills for their crimes and looting!
more here:
http://mexicanoccupation.blogspot.com/2013/10/crony-capitalism-holder-reminds-jp_7240.html
Rather than
Hope and Change, Obama is
delivering
corporate socialism to America, all
while
claiming he’s battling corporate
America.
It’s corporate welfare and regulatory
robbery—it’s
Obamanomics.
BARACK OBAMA
– JP MORGAN’S RENT BOY? OR SIMPLY
A SERVANT OF
WALL STREET’S BIGGEST CRIMINAL
BANKSTERS,
ALL OF WHICH END UP WORKING IN THE
CORRUPT
OBAMA WHITE HOUSE!
http://mexicanoccupation.blogspot.com/2013/08/barack-obama-criminal-banksters-rent-boy.html
THE OBAMA
ASSAULT on AMERICANS for WALL STREET - Obama lays out program to slash higher
education funding - WHILE HIS CRONY CRIMINAL BANKSTERS at JP MORGAN LOOT
STUDENTS
http://mexicanoccupation.blogspot.com/2013/08/the-obama-assault-on-americans-for-wall.html
PROBABLY THE
ONLY TRUTH OBAMA EVER TOLD THE AMERICAN PEOPLE WAS THAT HE WAS “NOT HERE TO PUNISH
BANKS!”… NOPE, AND HE NEVER HAS. THEIR CRIMES, LOOTING AND PROFITS HAVE SOARED
UNDER OBAMA.
YOU WOULD
NOT HAVE FOUND OBAMA’S DOJ GOING AFTER OBAMA’S PALS AT JP MORGAN. HOLDER IS TOO
BUSY HISPANDERING FOR LA RAZA, SUING AMERICAN STATES AND SABOTAGING OUR LAWS
AND BORDERS SO THE OBAMANATION CAN BUILD HIS LA RAZA PARTY BASE of ILLEGALS.
“Records
show that four out of Obama's top five contributors are employees of financial
industry giants - Goldman Sachs ($571,330), UBS AG ($364,806), JPMorgan Chase
($362,207) and Citigroup ($358,054).”
http://mexicanoccupation.blogspot.com/2013/05/obamas-crony-donors-at-jp-morgan-still.html
OBAMA’S OLD
PALS J.P.MORGAN STILL mUCKING OVER CONSUMERS…
IT’S LIKE
OLD TIMES FOR THE BANKSTERS!
Headline: California
lawsuit alleges illegal collection practices by JPMorgan Chase
THE LONG
HISTORY of BARACK OBAMA and HIS
CRIMINAL
BANKSTER DONORS JP MORGAN…
STILL
LOOTING AMERICA AND THE WORLD!
more at this
link –
http://mexicanoccupation.blogspot.com/2013/06/president-barack-obamas-crony-bankster.html
This is the
unadulterated voice of finance capital speaking. It
should be
recalled that JPMorgan is deeply implicated in the
speculative
operations that have devastated the lives of
hundreds of
millions of workers around the world. In March
of this
year, a US Senate committee released a 300-page
report
documenting the criminal practices and fraud carried
out by
JPMorgan, the largest bank in the US and the world’s
biggest
dealer in derivatives. Despite the detailed revelations
in the
report, no action will be taken against the bank’s CEO,
Jamie who
enjoys the personal confidence of the US
president.
… now
expanded to pillaging of AMERICAN STUDENTS
more at this
link
IMF PREDICTS
THAT OBAMANOMICS and the GLOBAL LOOTING BY OBAMA’S CRIMINAL CRONY BANKSTERS
WILL SOON DESTROY THE AMERICAN ECONOMY.
The
International Monetary Fund warned Wednesday that the world economy would
remain locked in a pattern of slow growth, high unemployment and high debt for
a prolonged period. The forecast, contained in the organization’s updated World
Economic Outlook (WEO), marks a shift from previous economic projections in
acknowledging that there is little prospect of a return to the growth levels
that prevailed prior to the 2008 Wall Street crash.
http://mexicanoccupation.blogspot.com/2015/04/the-obama-depression-high-unemployment.html
The
document’s grim analysis amounts to a tacit acknowledgement that the crisis
ushered in nearly seven years ago by the financial meltdown is of a historical
and fundamental character, and that the underlying problems in the global
capitalist system have not been resolved.
Barack Obama is rather typical of the
Wall Street insiders who comprise a cabinet and White House team that is filled
with multi-millionaires, presided over by a president who parlayed his own
political career into a multi-million-dollar fortune.
Banks, hedge funds and other financial
firms lavishly backed Barack Obama his presidential bid, giving him
considerably more than they gave to his Republican opponent, Senator John
McCain.
Trump criticized Dimon in
2013 for supposedly contributing to the country’s economic
downturn. “I’m not Jamie Dimon, who pays $13 billion to settle a case
and then pays $11 billion to settle a case and who I think is the worst
banker in the United States,” he told reporters.
“The response of the
administration was to rush to the defense of the banks. Even before coming to
power, Obama expressed his unconditional support for the bailouts, which he
subsequently expanded. He assembled an administration dominated by the
interests of finance capital, symbolized by economic adviser Lawrence Summers
and Treasury Secretary Timothy Geithner.”
Practically every cabinet appointee of Obama’s has close
personal connections to the ruling class, many having come directly from
corporate boardrooms. Under Obama’s watch not a single executive at a major
financial firm has been criminally tried, much less sent to jail, for their
role in the financial crisis.
“Attorney General Eric
Holder's tenure was a low point even within the disgraceful scandal-ridden
Obama years.” DANIEL GREENFIELD / FRONTPAGE MAG
"One of the premier institutions of
big business, JP Morgan Chase, issued an internal report on the
eve of the 10th anniversary of the 2008 crash, which warned that
another “great liquidity crisis” was possible, and that a
government bailout on the scale of that effected by Bush and Obama
will produce social unrest, “in light of the potential impact
of central bank actions in driving inequality between
asset owners and labor."
This manufactured crisis has, in turn, been exploited by the
Obama administration and both big business parties to hand over trillions in
pension funds and other public assets to the financial kleptocracy that rules America.
“Our entire crony capitalist system, Democrat and Republican
alike, has become a kleptocracy approaching par with third-world
hell-holes. This is the way a great country is raided by its elite.”
---- Karen McQuillan THEAMERICAN THINKER.com
“This was not because of difficulties in securing indictments or
convictions. On the contrary, Attorney General Eric Holder told a Senate
committee in March of 2013 that the Obama administration chose not to prosecute
the big banks or their CEOs because to do so might “have a negative impact on
the national economy.”
"One of the
premier institutions of big business, JP Morgan Chase, issued
an internal report on the eve of the 10th anniversary of the 2008
crash, which warned that another “great liquidity crisis”
was possible, and that a government bailout on the scale of that
effected by Bush and Obama will produce social unrest, “in light of
the potential impact of central bank actions in driving
inequality between asset owners and labor."
Why
aren’t the Wall Street criminals prosecuted?
In
May 2012, only days after JPMorgan Chase’s Jamie Dimon revealed that his bank
had lost billions of dollars in speculative bets, President Barack Obama
publicly defended the multi-millionaire CEO, calling him “one of the smartest
bankers we’ve got.” What Obama did not mention is that Dimon is a criminal.
JPMorgan
is not the exception; it is the rule. Virtually every major bank that operates
on Wall Street has settled charges of fraud and criminality on a staggering
scale. In 2011, the Senate Permanent Subcommittee on Investigations released a
630-page report on the financial crash of 2008 documenting what the committee
chairman called “a financial snake pit rife with greed, conflicts of interest
and wrongdoing.”
These
multiple crimes by serial lawbreakers have had very real and very destructive
consequences. The entire world has been plunged into an economic slump that has
already lasted more than five years and shows no signs of abating. Tens of
millions of families have lost their homes as a result of predatory mortgages
pushed by JPMorgan and other Wall Street banks.
Biden Bashes Influence of Billionaires While Relying on
their Money
JOSEPH
PREZIOSO/AFP/Getty Images.
Former Vice President Joe Biden is
bashing the outsize influence billionaires are having on the race for the 2020
Democrat nomination, despite his own campaign relying heavily upon their money.
In a fundraising email sent to
supporters on Thursday, Biden’s campaign excoriated two of his Democrat rivals
for using their personal fortunes to underwrite their presidential ambitions.
The email, titled “the billionaires are coming,” took direct aim at Tom Steyer
and former New York City Mayor Michael Bloomberg for spending heavily to
“saturate your airwaves and news feeds.”
In particular, Biden’s campaign
lambasted Steyer for using his fortune to gain access to the Democrat debates,
while attacking Bloomberg for skipping early primaries and spending $100
million in delegate-heavy Super Tuesday states.
“One billionaire is buying his way
onto the Democrat debate stage, and one is buying his way out of it,” Biden’s
campaign wrote, before proceeding to argue both billionaires were undermining
“how democracy is supposed to work.”
The former vice president’s attack
on the influence Steyer and Bloomberg are having is surprising given the fact
his own campaign has relied heavily on billionaires to underwrite his White
House hopes.
A recent report by Forbes
The money rolled in from Silicon
Valley titans, Wall Street elites, and some of the country’s largest real
estate tycoons.
Among the donors was Eric Schmidt,
the former CEO of Google who stirred controversy in January 2017 when claiming
President Donald Trump would do “ evil things ” in office.
Schmidt donated $2,800 to Biden’s
campaign in May, less than a week after the former vice president entered the
race. In the past the former Google executive has heavily backed Democrat
candidates up and down the ballot, including House Speaker Nancy Pelosi (D-CA).
Employees from Google’s parent
company, Alphabet Inc., have donated more than $37,000 to Biden’s campaign to
date, according to the Center
for Responsive Politics. The hefty contributions have ensured Alphabet is one
of the former vice president’s top 20 contributors. Joining a list that
includes another Silicon Valley giant, Microsoft Corp.
Biden’s support in Silicon Valley
has not been confined to traditional Democrats. Former eBay CEO Meg
Whitman, a one time Republican nominee for governor of California,
donated $2,800 in September.
In 2016, Whitman broke ranks by endorsing former
Secretary of State Hillary Clinton over Trump. Since that time, the former eBay
executive has become a consistent ‘Never
Trumper.’
On America’s other coast, the former
vice president has elicited prime backing from Wall Street and the real estate
industry.
Topping the list of Biden’s Wall
Street backers is Judy Dimon, the wife of JPMorgan Chase CEO Jamie Dimon. Although
her husband, himself, has not donated, Dimon maxed out to Biden in
mid-September.
The contribution comes with its own
controversial history. In 2008, then-Sen. Joe Biden supported the Troubled Asset Relief Program, which granted large
financial institutions bailouts to survive the recession. JPMorgan was one such
institution, taking more than $25 billion in taxpayer money—one of largest bailouts granted to any company under the program.
The bailout came even though
JPMorgan’s mortgage lending practices helped create the housing bubble that,
when it burst, ultimately led the to the recession. In 2013, the bank agreed to
pay a civil fine of $13 billion for its
unscrupulous lending practices.
Apart from Dimon,
Biden received maxed out contributions from private equity executives,
like Blackstone President Jonathan Gray . Blackstone
recently made a $250 million investment in a
startup that helps outsource American jobs overseas.
In total, the former vice president
has filled a significant portion of his campaign account from Wall Street
donors, including nearly a million dollars from the securities and investment sector.
Wall Street’s contributions,
however, paled in comparison to the amount of money real estate tycoons have
donated to Biden. In between April and the end of September, the former vice
president garnered more than one million from real estate interests.
The funds poured in from longtime
allies like Neil Bluhm, a casino and real estate magnate, and George Marcus,
the leader of America’s largest commercial property brokerage firms.
Although Bluhm and Marcu s have only donated $2,800
each, both men have hosted lavish
fundraisers on Biden’s behalf that have raised unknown amounts.
Biden’s reliance on such
billionaires is one of the reasons his campaign has struggled to compete
financially with the likes of Sens. Bernie Sanders (I-VT) and Elizabeth Warren
(D-MA).
Although Biden started the race with
a strong funding advantage, thanks to support from high-dollar donors, he ended
the most recent fundraising period well behind his competitors. In between July
and the end of September, Biden only raised $15.2 million. The sum was dwarfed
by that raised by Sanders ($25.3 million), Warren ($24.6 million), and South
Bend Mayor Pete Buttigieg ($19.1 million).
The former vice president’s
fundraising troubles stem from an inability to make in-roads with small-dollar
donors. Unlike Warren or Sanders, more than 2,900 donors have
already maxed out to Biden’s campaign.
In fact, top-dollar donors make up a
far higher percentage of Biden’s campaign coffers than those of his
competitors. In comparison, only 38 percent of the campaign’s funds to date
have come from individuals donating less than $200. Such a ratio poses a long
term issue, especially when top contributors are prohibited by law from
donating again until after the primary.
The disparate support between
billionaires and small donors was seen as a primary motivator for Biden’s
decision to jettison opposing outside help from Super PACs. Since such groups can raise and spend unlimited funds, the
former vice president’s billionaire donors are no longer subject to
contribution limits when supporting his campaign.
Biden, though, did not mention any
of this in his email to supporters on Thursday. Instead, the former vice
president kept his fire aimed at Steyer and Bloomberg, while downplaying his
own support from the billionaire donor class.
“Since the day that this campaign
launched, we have relied on grassroots support to power this campaign,” Biden’s
team wrote.
JPMorgan
shares climb after the bank posts record earnings and revenue
Jamie Dimon arriving to testify before
Congress. Aaron P. Bernstein/Reuters
· JPMorgan reported first-quarter earnings
results on Friday, kicking off another earnings season for the largest US
banks.
JPMorgan
Chase reported record first-quarter results on both the top and bottom lines
Friday morning. Shares climbed 2.3% in early trading to $108.68.
Here's how
the results stacked up with Wall Street's expectations as compiled by
Bloomberg.
· Adjusted net income: $9.18 billion versus $7.7 billion
expected
· Earnings per share: $2.65 versus $2.34 expected
· Revenue: $29.85 billion versus $28.4 billion
expected
· Expenses: $16.4 billion versus $16.7 billion
expected
"In
the first quarter of 2019, we had record revenue and net income, strong
performance across each of our major businesses, and a more constructive
environment," CEO Jamie Dimon said in the earnings
release .
"Even amid some global geopolitical uncertainty, the US economy continues
to grow, employment and wages are going up, inflation is moderate, financial
markets are healthy, and consumer and business confidence remains strong."
A deeper
look into the numbers showed the trading and investment-banking businesses
exceeded expectations, though trading declined 17% from the year earlier:
· FICC sales & trading revenue: $3.73 billion versus $3.67 billion
expected
· Equity sales & trading revenue: $1.74 billion versus $1.73 billion
expected
· Investment-banking revenue: $1.75 billion versus $1.63 billion
expected
Obama's Wall
Street cabinet
6 April 2009
A series of articles published over the
weekend, based on financial disclosure reports released by the Obama
administration last Friday concerning top White House officials, documents the
extent to which the administration, in both its personnel and policies, is a
political instrument of Wall Street.
Policies that are extraordinarily
favorable to the financial elite that were put in place over the past month by
the Obama administration have fed a surge in share values on Wall Street. These include the scheme to use hundreds of billions of dollars in
public funds to pay hedge funds to buy up the banks’ toxic assets at inflated
prices, the Auto Task Force’s rejection of the
recovery plans of Chrysler and General Motors and its demand for even more
brutal layoffs, wage cuts and attacks on workers’ health benefits and pensions,
and the decision by the Financial Accounting Standards Board (FASB) to weaken
“mark-to-market” accounting rules and permit banks to inflate the value of
their toxic assets.
At the same time, Obama has campaigned
against restrictions on bonuses paid to executives at insurance giant American
International Group (AIG) and other bailed-out firms, and repeatedly assured
Wall Street that he will slash social spending, including Medicare, Medicaid
and Social Security.
The new financial disclosures reveal that
top Obama advisors directly involved in setting these policies have received
millions from Wall Street firms, including those that have received huge
taxpayer bailouts.
The case of Lawrence Summers, director of
the National Economic Council and Obama’s top economic adviser, highlights the
politically incestuous character of relations between the Obama administration
and the American financial elite.
Last year, Summers pocketed $5 million as
a managing director of D.E. Shaw, one of the biggest hedge funds in the world,
and another $2.7 million for speeches delivered to Wall Street firms that have
received government bailout money. This includes $45,000 from Citigroup and
$67,500 each from JPMorgan Chase and the now-liquidated Lehman Brothers.
For a speech to Goldman Sachs executives,
Summers walked away with $135,000. This is substantially more than double the
earnings for an entire year of high-seniority auto workers, who have been
pilloried by the Obama administration and the media for their supposedly
exorbitant and “unsustainable” wages.
Alluding diplomatically to the flagrant
conflict of interest revealed by these disclosures, the New York Times noted on
Saturday: “Mr. Summers, the director of the National Economic Council, wields
important influence over Mr. Obama’s policy decisions for the troubled
financial industry, including firms from which he recently received payments.”
Summers was a leading advocate of banking
deregulation. As treasury secretary in the second Clinton administration, he
oversaw the lifting of basic financial regulations dating from the 1930s. The
Times article notes that among his current responsibilities is deciding
“whether—and how—to tighten regulation of hedge funds.”
Summers is not an exception. He
is rather typical of the Wall Street insiders who comprise a cabinet and White
House team that is filled with multi-millionaires, presided over by a president
who parlayed his own political career into a multi-million-dollar fortune.
Michael Froman, deputy national security
adviser for international economic affairs, worked for Citigroup and received
more than $7.4 million from the bank from January of 2008 until he entered the
Obama administration this year. This included a $2.25 million year-end bonus
handed him this past January, within weeks of his joining the Obama
administration.
Citigroup has thus far been the
beneficiary of $45 billion in cash and over $300 billion in government
guarantees of its bad debts.
David Axelrod, the Obama campaign’s top
strategist and now senior adviser to the president, was paid $1.55 million last
year from two consulting firms he controls. He has agreed to buyouts that will
garner him another $3 million over the next five years. His disclosure claims
personal assets of between $7 and $10 million.
Obama’s deputy national security adviser,
Thomas E. Donilon, was paid $3.9 million by a Washington law firm whose major
clients include Citigroup, Goldman Sachs and the private equity firm Apollo
Management.
Louis Caldera, director of the White
House Military Office, made $227,155 last year from IndyMac Bancorp, the California
bank that heavily promoted subprime mortgages. It collapsed last summer and was
placed under federal receivership.
The presence of multi-millionaire Wall
Street insiders extends to second- and third-tier positions in the Obama
administration as well. David Stevens, who has been tapped by Obama to head the
Federal Housing Administration, is the president and chief operating officer of
Long and Foster Cos., a real estate brokerage firm. From 1999 to 2005, Stevens
served as a top executive for Freddie Mac, the federally-backed mortgage
lending giant that was bailed out and seized by federal regulators in
September.
Neal Wolin, Obama’s selection for deputy
counsel to the president for economic policy, is a top executive at the
insurance giant Hartford Financial Services, where his salary was $4.5 million.
Obama’s Auto Task Force has as its top
advisers two investment bankers with a long resume in corporate downsizing and
asset-stripping.
It is not new for leading figures from
finance to be named to high posts in a US administration. However, there has
traditionally been an effort to demonstrate a degree of independence from Wall
Street in the selection of cabinet officials and high-ranking presidential
aides, often through the appointment of figures from academia or the public
sector. In previous decades, moreover, representatives of the corporate elite
were more likely to come from industry than from finance.
In the Obama administration such
considerations have largely been abandoned.
This will not come as a surprise to those
who critically followed Obama’s election campaign. While he postured before the
electorate as a critic of the war in Iraq and a quasi-populist force for
“change,” he was from the first heavily dependent on the financial and
political backing of powerful financiers in Chicago. Banks, hedge funds
and other financial firms lavishly backed his presidential bid, giving him
considerably more than they gave to his Republican opponent, Senator John
McCain.
Friday’s financial disclosures further
expose the bankruptcy of American democracy. Elections have no real effect on
government policy, which is determined by the interests of the financial
aristocracy that dominates both political parties. The working class can fight
for its own interests—for jobs, decent living standards, health care,
education, housing and an end to war.
“Records show that four out of Obama's
top five
contributors are employees of financial
industry giants –
Goldman Sachs ($571,330), UBS AG
($364,806),
JPMorgan Chase ($362,207) and Citigroup
($358,054).”
OBAMA and HIS BANKS: THEIR PROFITS,
CRIMES and LOOTING SOAR
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