They Got Away With It AGAIN!

“Fight Against Stupidity And Bureaucracy”

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Last week several of the ‘BIG’ banks – you remember, the ones that are too big to let go bust – were fined in the region of $5.7 billion for illegal manipulation of the currency markets.

The usual suspects were included, J P Morgan, Citibank, Barclays  and RBS all pleading guilty – but only after they were sure what the medicine they would be getting would be.

It’s a huge amount of money, there’s no denying that. And losing it will make the banksters hurt a bit. But only a bit.

And that’s the problem.

Yet again the United States government has failed to bring these criminals to justice after more of their deliberate fraud and theft.

In other words, they let them get away with it AGAIN!

Now, if I walk into a branch of, for example, Citibank and try to steal the money that their customers have deposited with them for safe-keeping, I would be videoed, photographed, and if I was lucky enough to get out of the premises, pursued by the police and even the FBI for as long as it took to capture me.

And I couldn’t have any complaints because that’s the way it should be. Thieves should be sought out, captured and after due process thrown into jail.

However, if I am a bankster, have good government contacts, and ply money and favors to those in government, then I am treated very differently.

I can embark on insider trading (which is essentially what the banksters were doing when they were illegally manipulating the currency markets), I can sell loans to people that clearly can’t afford them, then take their houses away or sell on their debt wrapped up in a ‘AAA’ bundle to my richer customers, and after all that steal even more of the money my customers have entrusted to me by awarding myself and my collaborators big bonuses that none of us have earned or are entitled to.

In this scenario am I pursued by the police and FBI?

Nope.

Am I thrown in jail to be the bitch of Skull-cracker Jones or Scarface Smith?

Nope.

Will I have to personally pay back the money I stole?

Nope, again.

So what will happen to me if I am a bankster?

At worst I will get a slap on the wrist and told not to do it again. Even though recent history has proved that this is no deterrent and I will do it again at the first opportunity I get.

And, of course, I don’t have to personally pay the government’s fine no matter how big it may be. Instead my company has to cough up on my behalf.

Not that the company is much bothered either because when it runs out of money it goes back to the government which hands it back at least the value of the fine and usually much, much more.

Think this system is fair?

Neither do I.

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J.F.K.

“Fight Against Stupidity And Bureaucracy”

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Fifty-one years ago today the United States 35th President, John F Kennedy, was assassinated at Dealy Plaza, in Dallas, Texas. We all know the story and the various conspiracy theories that have been written about ad nauseam over the past half century so this post is not about that.

Rather it is about one of the legacies of the JFK name, the USS John F Kennedy, the only ship of her class (a variant of the Kitty Hawk class of aircraft carrier) and the last conventionally powered carrier built for the United States Navy.

Although it was retired in 2007 after nearly 40 years of service in the United States Navy, the Kennedy was a very impressive ship. For those who like the details it measures 1,052 feet long, has a beam of 130 feet, and draws 37 feet of water. The flight deck is 1,046 feet by 252 feet.

The JFK displaces 81,430 tons at full load and her compliment is 155 officers, 2,775 enlisted (ship’s company), and 2,160 enlisted and 320 officers (embarked air wing).

it’s top speed is 32 knots, and her cruising speed is 20 knots. The operational range at 30 knots is 4,000 miles while the maximum cruising range is 12,000 miles.

USS JFK is equipped with 4 aircraft elevators and features 4 steam-powered catapults and 4 arresting wires. The carrier was capable of launching and recovering aircraft simultaneously and could embark 80+ aircraft, depending on mission requirements.

Aircraft on board included 56 F/A-18 hornet strike fighters, 6 S-3B Viking ASW aircraft, 4 EA-6B Prowler offensive electronic warfare aircraft, 4 E-2C Hawkeye electronic early warning aircraft, 2 ES-3A Shadow electronic warfare (SIGINT) aircraft, 4 SH-60F Seahawk ASW helicopters, and 2 HH-60H Seahawk combat search and rescue aircraft.

Its armaments included two Mk 29 Sea Sparrow Guided Missile Launch Systems, two RAM (Rolling Airframe Missile) systems, and two Mk 15 Phalanx 20mm CIWS (Close In Weapon System.)

During it’s service it was stationed some of the time in the Mediterranean area.

If you have never seen one of these babies up close and personal and wanted to get an idea of just how big and impressive they are have a look at the aeriel photograph below, taken as the JFK berthed at the island of Malta.

Compared to the houses, cars and people you can see in the shot I’m not sure the word ‘big’ is big enough to describe it.

I mean I wouldn’t want to mess with it. Would you?

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Did You Know? Another Fact Finding Mission Is Underway!

“Fight Against Stupidity And Bureaucracy”

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Another fact finding mission has been undertaken on your behalf and here are this week’s results.

The usual random mixture, so hopefully something interesting will be in there for you.

Enjoy.

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Cashews are actually a fleshy fruit.

The nut that we eat is the seed that

grows on the outside of the fruit.

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There have been 14 vice presidents who have

become President of the United States.

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Thamsanqa Jantjie, the embarrassing sign language interpreter

at the Mandela Memorial who doesn’t know any sign language,

is also alleged to be a murderer.

He was among a group of people who accosted two men found

with a stolen television and burned them to death

by setting fire to tires placed around their necks.

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Outside North and South America,

the only alligators found in the wild are in China.

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Thomas Edison was a great inventor,

but not so good at putting his inventions into practical business use.

For example, despite having the contract to supply cement

for the original Yankee Stadium,

the Edison Portland Cement Company went bust

because it insisted on producing concrete everything,

including cabinets, pianos, and even entire houses!

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Gureng-gureng, Gabi-Gabi, Waga-Waga, Wemba-Wemba, and Yitha-Yitha

are all names of native Australian languages.

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Some Americans disagreed with the United States’ initial refusal

to enter WWI and so they joined the French Foreign Legion

or the British or Canadian armies.

A group of U.S. pilots formed the Lafayette Escadrille,

which was part of the French air force and became

one of the top fighting units on the Western Front.

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The horse race normally called the Belmont Stakes

also goes by name of the Run for the Carnations.

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Golf legend Jack Nicklaus didn’t earn his nickname,

the Golden Bear,

because of his size, his demeanor, or his hair.

It was the name of his high school mascot.

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The term “Continental breakfast” was coined to

differentiate itself from an English breakfast.

The fried eggs, bacon, and beans of an English morning

are quite distinct from the dainty pastries, coffee, and juice

offered throughout the rest of Europe.

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Beowulf is the longest Old English manuscript in existence

and contains about a tenth of all known Anglo-Saxon poetry.

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After Leonardo da Vinci’s death,

King Francis I of France hung the Mona Lisa in his bathroom.

(There’s critics everywhere!)

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One type of hummingbird weighs less than a penny.

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The letter “J” was the last letter added to the English Alphabet.

Before that, the letter “L” was used in its place.

“U” was the second to last letter added,

and was usually replaced by V.

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Norman Mailer coined the word “factoid” in his 1973 biography Marilyn,

BUT it wasn’t just another word for “trivia”

– he actually meant something that seems like a fact but isn’t actually factual

– and that’s a fact….. or a factoid…. or…. er.

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