The Market Ticker
Saturday, April 25. 2009
Posted by
Karl Denninger in
Editorial at
11:16
(Page 1 of 306, totaling 918 entries)
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Oh, You Wanted Change? 100 Days And....
It's change you got.
We got more corruption.
We got more abrogation of The Constitution.
We got more bailouts.
And you think the Tea Parties were some "right wing hackery" eh?
This video is clearly
NOT "right wing" hackery. To the contrary, it contains plenty of complaints about
both Democrats and Republicans.
No, I did not produce this video.
The last 45 seconds is where I hope we do not need to go. That people are
thinking we might, however, tells me that
The Tea Parties are indeed not some sort of "political right-wing hackery", and that Americans' patience with both political parties is running very short.
We have:
- 535 in Washington, the majority criminals conspiring to violate The Constitution with wild and wanton abandon.
- 535 in Washington who not only have refused to demand the prosecution of tens of thousands of bankers, mortgage brokers, and those in the securities industry that caused this mess, but in fact actively conspired with them (e.g. "Bankruptcy Reform") in a (successful) attempt to force millions of Americans into debt slavery.
- 535 in Washington, the majority of whom refuse to rein in The Federal Reserve, an organization that has wantonly, deliberately and repeatedly acted vastly in excess of its legal authority.
- 535 in Washington, the majority of whom refuse to rein in, investigate and punish Treasury, who along with The Federal Reserve now stand accused by a CEO in sworn testimony before the NY State Attorney General of conspiring (with him) to violate securities laws and through that process the rights of Americans who owned Bank America stock, along with every American who is now saddled with the debt created to bail both Bank of America and others out.
- 535 in Washington, allegedly "representing" Americans, who violated the letter and spirit and letter of that representation in September and October of 2008, passing a bill opposed 300:1 by Americans, and then did it again by releasing the second half of the funds.
- 535 in Washington, who confirmed and still back a man nominated to be the head of the IRS - a man who admitted to cheating on his taxes.
And one President, Barack Obama, who ran on a message of "change."
I voted for him.
It appears that I am not the only person who has figured out that we got "change" all right. But the change we got wasn't the change we voted for.
We got more corruption, more (proposed) taxes in the form of a Carbon Tax, admitted tax cheats spread through the Cabinet, a Treasury and Federal Reserve that have continued to wantonly violate
black letter statute and an executive that has continued to claim that we must "move on."
Note this well: We have a major bank CEO who appears to have alleged to the NY State Attorney General a conspiracy in which he participated at alleged (monetary) "gunpoint", the central act of which was the embezzlement of tens of billions of dollars from The American People performed not only by him but also by and with The Chairman of The Federal Reserve and The Head of Treasury - two high government officials.
Lynn Turner, former chief accountant of the SEC, says:
"If these allegations are proven true both Bernanke and Paulson should be prosecuted to the fullest extent of the law."
This is a scandal that makes
Watergate look like a common everyday burglary where a TV set was stolen, and I am willing to bet that
it does not begin or end with Bank of America.
It in fact goes back to the original "23A" exemption letters which I started yelling about nearly two years ago, and have continued since.
Last spring (April 2008) I said this (original emphasis removed):
Why didn't you care back in August, September, October and November of last year about systemic risk? Why didn't you ACT back then to force the revocation of those 23A exemption letters and force the deleveraging of balance sheets so that this risk would not have been realized in the form of the meltdown of Bear Stearns? Why did you willfully and intentionally turn your head the other way, despite the hollering of many thousands of Americans who, over the months, signed multiple petitions that were faxed to your offices demanding investigation of these matters so that stability of our financial system could be maintained?
Barack Obama
says he is not going to try to impose firearms restrictions; that he recognizes "political realities." Oh? What's this? (click for a full-size copy)
Let me ask just one question:
Would you "move on" if your wife, daughter or niece was savagely robbed and raped by a gang of hoodlums?
Then why should you "move on" when your children, grandchildren and those not yet born are saddled with over
one hundred thousand dollars in debt that they will be
required to pay so that criminals can not only go free, but don't lose their fancy homes and cars?
The acts that led us here were not mistakes. They were deliberate acts; willful blindness and even fraud.
Fraud is a crime, and crimes of such monetary import are arguably just as serious as violent criminal offenses.
The longer the cops refuse to come to the people's aid, instead conspiring with and becoming the criminals themselves, the more we will see views like the below spread - perhaps to the point where America will cry.
Stop the madness.