Justice for Sale - Wall Street money to Obama pays big dividends - All the rhetoric a big lie? - VIDEOS

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    May 15, 2012 8:57 AM GMT


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    May 15, 2012 9:02 AM GMT
    Considering the fact that lots of people like Romney's budget over Obama's and are voting accordingly, "justice" really is for sale. Too bad they won't be able to reap the benefits of their vote if they're out of the closet or black cause Romney will make it where only straight/closeted/self-loathing white people can enjoy the better economy.
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    May 15, 2012 9:10 AM GMT
    paulflexes saidConsidering the fact that lots of people like Romney's budget over Obama's and are voting accordingly, "justice" really is for sale. Too bad they won't be able to reap the benefits of their vote if they're out of the closet or black cause Romney will make it where only straight/closeted/self-loathing white people can enjoy the better economy.

    That makes no sense at all. If the economy improves and unemployment rate goes down for the right reasons, then everyone benefits.
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    May 15, 2012 9:13 AM GMT
    socalfitness said
    paulflexes saidConsidering the fact that lots of people like Romney's budget over Obama's and are voting accordingly, "justice" really is for sale. Too bad they won't be able to reap the benefits of their vote if they're out of the closet or black cause Romney will make it where only straight/closeted/self-loathing white people can enjoy the better economy.

    That makes no sense at all. If the economy improves and unemployment rate goes down for the right reasons, then everyone benefits.
    Just wait till a study is done. I've met plenty of people (in real life) who are unemployed as a direct result of their sexuality.

    And it's legal to do that. Romney will make sure it stays that way. Obama will work to rectify it.
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    May 15, 2012 10:11 AM GMT
    Now one understands why a section of the liberals here at RJ, want RJ to be a conservative free zone, so they can fool themselves everyone agrees with them, and see things their way.
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    May 15, 2012 1:59 PM GMT
    tru_blu_auzzie saidNow one understands why a section of the liberals here at RJ, want RJ to be a conservative free zone, so they can fool themselves everyone agrees with them, and see things their way.

    It certainly indicates corruption rampant in this Administration.
  • GQjock

    Posts: 11649

    May 15, 2012 4:52 PM GMT
    Who do you think your kidding SoCal?

    While I think Obama should do more and throw a few banker asses in jail
    he's the only thing that is putting ANY form of regulatory pressure on theses guys who are playing high stakes poker WITH OUR MONEY

    Wheree do you think the Wall St money is going this election cycle ?
    Cause it certainly isn't going Obamas way

    You talk about Justice for sale you don't need to look any further than your own party

    Romneys plan is to deregulate these thieves even more so they can do JUST what you saw JP Morgan do and get their asses Whooped Good

    Because you know the republican Montra ....... Capitalist gains but Socialist Losses
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    May 15, 2012 4:56 PM GMT
    Aside from prosecutions, his constant railing against the Fat Cats when he is in bed with them via financial support and jobs in his administration is proof of his blatant dishonesty.
  • roadbikeRob

    Posts: 14305

    May 15, 2012 5:04 PM GMT
    Both democrats and republicans have been bought by the highest, wealthiest bidders. What else is newicon_question.gif
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    May 15, 2012 5:09 PM GMT
    socalfitness saidAside from prosecutions, his constant railing against the Fat Cats when he is in bed with them via financial support and jobs in his administration is proof of his blatant dishonesty.


    Right... When will we get the transcript of the Cheney Energy Task Force meetings?
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    May 15, 2012 5:13 PM GMT
    Christian73 said
    socalfitness saidAside from prosecutions, his constant railing against the Fat Cats when he is in bed with them via financial support and jobs in his administration is proof of his blatant dishonesty.


    Right... When will we get the transcript of the Cheney Energy Task Force meetings?

    Always try to find other examples to justify his behavior. Tell you what, I won't be voting for Cheney or Obama this fall. Vladimir will be upset. icon_lol.gif
  • CuriousJockAZ

    Posts: 19119

    May 15, 2012 5:49 PM GMT
    Christian73 said
    socalfitness saidAside from prosecutions, his constant railing against the Fat Cats when he is in bed with them via financial support and jobs in his administration is proof of his blatant dishonesty.


    Right... When will we get the transcript of the Cheney Energy Task Force meetings?



    Still living in "The Bush Years" I see. Grasping...grasping...grasping at one straw after another. I wonder when you're going to start getting what a good part of the country already knows. Regardless, take comfort in the fact that the ladies on THE VIEW gave him a VERY warm welcome this morning. icon_lol.gif


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    May 15, 2012 6:35 PM GMT
    Wall Street’s immunity
    Why has the Obama administration so aggressively protected the financial industry from legal accountability?
    BY GLENN GREENWALD

    obama_holder2-460x307.jpg

    Of all the ignominious actions of the Obama administration, the steadfast, systematic shielding of Wall Street from criminal liability is probably the most corrupt in the traditional sense of that word. In Newsweek this week, Peter Boyer and Peter Schweizer have an excellent examination of what happened and why, tying together crucial threads. First they lay out the basic facts, including the core deceit of the President’s campaigning for re-election like he’s some sort of populist crusader:

    With the Occupy protesters resuming battle stations, and Mitt Romney in place as the presumptive Republican nominee, President Obama has begun to fashion his campaign as a crusade for the 99 percent–a fight against, as one Obama ad puts it, “a guy who had a Swiss bank account.” Casting Romney as a plutocrat will be easy enough. But the president’s claim as avenging populist may prove trickier, given his own deeply complicated, even conflicted, relationship with Big Finance.

    Obama came into office vowing to end business as usual, and, in the gray post-crash dawn of 2009, nowhere did a reckoning with justice seem more due than in the financial sector. . . . Two months into his presidency, Obama summoned the titans of finance to the White House, where he told them, “My administration is the only thing between you and the pitchforks.” . . .

    Candidate Obama had been their guy, accepting vast amounts of Wall Street campaign money for his victories over Hillary Clinton and John McCain (Goldman Sachs executives ponied up $1 million, more than any other private source of funding in 200icon_cool.gif. Obama far outraised his Republican rival, John McCain, on Wall Street–around $16 million to $9 million. As it turned out, Obama apparently actually meant what he said at that White House meeting–his administration effectively would stand between Big Finance and anything like a severe accounting. To the dismay of many of Obama’s supporters, nearly four years after the disaster, there has not been a single criminal charge filed by the federal government against any top executive of the elite financial institutions.

    “It’s perplexing at best,” says Phil Angelides, the Democratic former California treasurer who chaired the bipartisan Financial Crisis Inquiry Commission. “It’s deeply troubling at worst.”

    The Newsweek reporters note that “financial-fraud prosecutions by the Department of Justice are at 20-year lows”; in fact, such prosecutions under Obama “are just one third of what they were during the Clinton administration” — even though the 2008 financial crisis was drowning in financial fraud. Contrast that with the reaction of George H.W. Bush to the much less severe Savings & Loan crisis of the 1980s:

    “There hasn’t been any serious investigation of any of the large financial entities by the Justice Department, which includes the FBI,” says William Black, an associate professor of economics and law at the University of Missouri, Kansas City, who, as a government regulator in the 1980s, helped clean up the S&L mess. Black, who is a Democrat, notes that the feds dealt with the S&L crisis with harsh justice, bringing more than a thousand prosecutions, and securing a 90 percent conviction rate. The difference between the government’s response to the two crises, Black says, is a matter of will, and priorities. “You need heads on the pike,” he says. “The first President Bush’s orders were to get the most prominent, nastiest frauds, and put their heads on pikes as a demonstration that there’s a new sheriff in town.”

    The Newsweek article offers two well-grounded theories for why Wall Street has been so aggressively protected by the DOJ. The first is that Obama filled his highest level Cabinet positions with Wall Street-subservient officials, beginning with Attorney General Eric Holder, who had been working as a highly-paid corporate lawyer for the law firm Covington & Burling, which represents “Goldman Sachs, JPMorgan Chase, Citigroup, Bank of America, Wells Fargo, and Deutsche Bank.” The other top-tier DOJ positions were similarly filled with corporate lawyers from large law firms closely tied to and depended upon the financial industry. The problem is obvious:

    Some suggest there is also the potential for conflicting interest when the department’s top officials come from lucrative law practices representing the very financial institutions that Justice is supposed to be investigating. “And that’s where they’re going back to,” says Black. “Everybody knows there is a problem with that.” (Two members of Holder’s team have already returned to Covington.)

    Why would top DOJ officials — with bulging bank accounts from prior Wall Street service and, with their elevated status as top DOJ officials, future plans for even more bulging bank accounts upon returning — possibly alienate the very industry that will enrich them by prosecuting its top-level criminals? The full-scale immunity bestowed on Wall Street provides the answer.

    Then there’s the reliance on Wall Street money for President Obama’s re-election effort. Newsweek notes the multiple investigations that documented numerous criminal acts leading to the financial crisis, including some explicitly incriminating top Wall Street firms such as Goldman Sachs. Anticipating possible indictments, “Goldman executives, including the firm’s chief executive officer, Lloyd Blankfein, started hiring defense lawyers.” Moreover, Black “says the conduct could well have violated federal fraud statutes–’securities fraud for false disclosures, wire and mail fraud for making false representations about the quality of the loans and derivatives they were selling, bank fraud for false representations to the regulators.’” Beyond the Wall-Street-subservient officials, why have those led to no prosecutions?

    Meanwhile, Obama’s political operation continued to ask Wall Street for campaign money. A curious pattern developed. A Newsweek examination of campaign finance records shows that, in the weeks before and after last year’s scathing Senate report, several Goldman executives and their families made large donations to Obama’s Victory Fund and related entities, some of them maxing out at the highest individual donation allowed, $35,800, even though 2011 was an electoral off-year. Some of these executives were giving to Obama for the first time.

    Justice insists that political operations such as fundraising are kept strictly distanced from the department, in order to avoid even the appearance of political influence. But the attorney general and his team are not unfamiliar with the process; Holder was himself an Obama bundler–a fundraiser who collected large sums from various donors–in 2008, as were several other lawyers who joined him at Justice.

    It would be a leap to infer these Goldman contributions were made–or received–as quid pro quo for dropping a criminal investigation. Still, the situation constitutes what one Justice veteran acknowledged is a “bad set of facts.”

    The article goes on to detail the pressure that was continuously placed by the Obama administration on state attorneys general to agree to a lax settlement with banks regarding foreclosure fraud, and how they ultimately co-opted the holdouts to agree to the deal. It notes that while Obama, through last fall, “had collected more donations from Wall Street than any of the Republican candidates” (even “employees of Bain Capital donated more than twice as much to Obama as they did to Romney, who founded the firm”), Wall Street money is now beginning to flock to Romney. That’s almost certainly because Wall Street dislikes some of Obama’s populist rhetoric (financial industry executi
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    May 15, 2012 9:24 PM GMT
    The trickle of facts is starting to become a steady stream.
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    May 15, 2012 10:24 PM GMT
    socalfitness saidThe trickle of facts is starting to become a steady stream.


    They sure are. Mass layoffs at Bain companies, millions to the Mormon Church to outlaw gay marriage, John Bolton as Romney's chief foreign policy adviser, 100,000 jobs "downgraded" to "thousands", viciously attacking his gay classmate.

    It's practically a river!
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    May 15, 2012 11:15 PM GMT
    Christian73 said
    socalfitness saidThe trickle of facts is starting to become a steady stream.


    They sure are. Mass layoffs at Bain companies, millions to the Mormon Church to outlaw gay marriage, John Bolton as Romney's chief foreign policy adviser, 100,000 jobs "downgraded" to "thousands", viciously attacking his gay classmate.
    It's practically a river!

    As Obama's poll numbers continue going down.
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    May 15, 2012 11:18 PM GMT
    socalfitness said
    Christian73 said
    socalfitness saidThe trickle of facts is starting to become a steady stream.


    They sure are. Mass layoffs at Bain companies, millions to the Mormon Church to outlaw gay marriage, John Bolton as Romney's chief foreign policy adviser, 100,000 jobs "downgraded" to "thousands", viciously attacking his gay classmate.
    It's practically a river!

    As Obama's poll numbers continue going down.


    One poll. That's all.
  • GQjock

    Posts: 11649

    May 16, 2012 12:38 AM GMT
    Ahem icon_wink.gif

    Wall Street Money Continues to Flow to Republican Mitt Romney

    https://www.opensecrets.org/news/2012/02/wall-street-money-continues-to-flow-romney.html
    Republican Mitt Romney relied on the finance, insurance and real estate sector for roughly $2 out of every $11 he raised during the fourth quarter of 2011, according to a new analysis by the Center for Responsive Politics of campaign finance documents submitted Tuesday to the Federal Election Commission.

    These interests doled out more than $4.3 million to Romney in the final three months of the year, a period during which Romney raised about $24 million. As of the end of December, Romney has now collected a total of $12.2 million from the people and political action committees within the finance, insurance and real estate sector -- or about 22 percent of the $56 million he has raised.

    People associated with the securities and investment industry have been particularly generous, contributing nearly $6 million to Romney's campaign coffers, according to the Center's research. That includes more than $2.1 million given during the fourth q


    Unified GOP To Block Senate From Debating Wall Street Reform
    Mitch McConnell has rounded up the necessary votes to block Democrats from bringing Wall Street reform to the Senate floor
    http://www.huffingtonpost.com/2010/04/16/unified-gop-to-block-sena_n_540823.html

    Republicans Block Wall Street Reform in the Senate
    All Republican senators and two Democrats voted Monday to block the Senate from considering a bill to add significant new regulations to Wall Street firms, banks and other financial institutions. The vote, 57 to 41, fell short of the 60 votes the Democrats needed to shut off a filibuster and begin debating the measure, which now will go back for additional changes to win at least some Republican support.
    ....... Now let's see what KINDA changes were made You know Scott Brown? Yeah you know Scott Brown well he pushed an amendment that changed the Implementing fees that Wall Street reform had the banks pay ... and he changed that so WE ... you know the people who pay taxes ... Yeah US ... We have to pay for those fees now icon_biggrin.gif

    Dodd-Frank Act a Favorite Target for Republicans Laying Blame
    By EDWARD WYATT
    Published: September 20, 2011
    http://www.nytimes.com/2011/09/21/business/dodd-frank-act-is-a-target-on-gop-campaign-trail.html?pagewanted=all

    Republicans Want to ‘Protect’ Wall Street
    November 16, 2011, 2:04 AM EST
    http://www.businessweek.com/news/2011-11-16/republicans-want-to-protect-wall-street-levin-says.html

    Published on Wednesday, May 19, 2010 by The Huffington Post
    GOP Running Out Clock on Wall Street Reform
    by Ryan Grim
    http://www.commondreams.org/headline/2010/05/19-5

    GOP Blocks Three Key Anti-Wall Street Amendments
    http://www.huffingtonpost.com/2010/05/18/gop-blocks-two-key-anti-w_n_580747.html
    Senate Republicans blocked Democrats from voting on three amendments Tuesday that are strongly opposed by Wall Street.
    Sen. Richard Shelby of Alabama, the top-ranking Republican on the Banking Committee, rose to object to a vote on one of the most talked-about amendments, cosponsored by Sens. Carl Levin (D-Mich.) and Jeff Merkley (D-Ore.). Levin-Merkley would ban commercial banks from trading for their own benefit with taxpayer-backed money.
    Shelby also objected to an amendment from Sen. Kay Hagan (D-N.C.) that would rein in predatory practices of payday lenders and one from Sen. Byron Dorgan (D-N.D.) that would have banned naked credit default swaps, which were at the heart of the financial crisis.
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    May 16, 2012 12:47 AM GMT
    socalfitness saidThe trickle of facts is starting to become a steady stream.
    Yep.. that you arent welcome as a gay man by the GOP..........icon_wink.gif

    Actually the stream/creek is beginning to be a torrent!
  • GQjock

    Posts: 11649

    May 16, 2012 12:48 AM GMT
    You were sayin SoCal ? icon_biggrin.gif
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    May 16, 2012 1:21 AM GMT
    Great that Wall Street money is going to Romney.

    Major facts:

    1) Obama is vilifying Wall Street as part of his campaign strategy, while getting money and having many in his administration. His words are dishonest because his actions are different.

    2) Evidence mounting that the Obama DOJ is corrupt. Will see how this continues to play out.
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    May 16, 2012 1:22 AM GMT
    socalfitness saidGreat that Wall Street money is going to Romney.

    Major facts:

    1) Obama is vilifying Wall Street as part of his campaign strategy, while getting money and having many in his administration. His words are dishonest because his actions are different.

    2) Evidence mounting that the Obama DOJ is corrupt. Will see how this continues to play out.
    LOL and Romney supports the gays right?

    Dont make us all laugh at the irony!
  • Webster666

    Posts: 9217

    May 16, 2012 7:26 AM GMT
    socalfitness said
    tru_blu_auzzie saidNow one understands why a section of the liberals here at RJ, want RJ to be a conservative free zone, so they can fool themselves everyone agrees with them, and see things their way.

    It certainly indicates corruption rampant in this Administration.



    LOL.
    Rampant corruption ?
    How so ?
    Since it's so "rampant," please provide a lengthy list of examples.
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    May 16, 2012 1:26 PM GMT
    Webster666 said
    socalfitness said
    tru_blu_auzzie saidNow one understands why a section of the liberals here at RJ, want RJ to be a conservative free zone, so they can fool themselves everyone agrees with them, and see things their way.

    It certainly indicates corruption rampant in this Administration.



    LOL.
    Rampant corruption ?
    How so ?
    Since it's so "rampant," please provide a lengthy list of examples.







    Isn't this about the most Hypocritical bullshit from SoCal yet ?

    If it wasn't so obviously pathetic, it would be hillarious. Here we have SoCal and other conservs, upset and pointing fingers at Obama for doing a little colluding with big business/Wall Street and the Banks which has up to this time been the primary Republican MO. The last 'Cheney' administration broke all records for collusion and conflict of interest no bid contracts to chronies etc, etc. and more etc.

    SoCal try finding a 'tune' that will 'play' because this one is obviously way off Key, and most reasonable people plug their ears to shut out such obvious base noise.