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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Playing With Statistics

“Fight Against Stupidity And Bureaucracy”

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It’s Sunday so time for another Sunday Sermon.

There’s a famous quote from US President Abraham Lincoln that goes something like, “you can fool some of the people all of the time, and all of the people some of the time, but not all of the people all of the time”.

On the face of it Lincoln’s words seem rather clever and profound – and true. And so they are.

Up to a point.

But what Lincoln didn’t say (and he was a politician after all) is that you don’t have to fool ALL of the people ALL of the time.

What you have to do is fool them long enough to do what you need to do – for example, in the case of a politician, to get yourself elected.  

 

Which brings me to statistics.

Because the best people in the world at playing with statistics are politicians and governments.

Some people believe everything they are told. Others call the figures governments produce ‘disingenuous’ which is being very kind. And some don’t believe a word or a number that they produce. (Take a wild guess at which camp I am in.)

Government statistical results are in effect lies. You can’t call them that – although I just did – because they can find figures to back up what they say, it’s just that they choose the figures that tell the story they want to promote and ignore all the rest that tell a different story.

For example, to get on to one of my favorite rant subjects, there is a thing which I am sure most of you have never heard of called the ‘Special Inspector General for the Troubled Asset Relief Program’ or ‘SIGTARP’ for short.

When the government is challenged about what is has been doing to bring to justice the banksters, who stole and recklessly gambled away our money, they can quote you a statistic or two saying that over the last few years, SIGTARP has put over 100 senior bank executives in jail, each of whom was convicted of stealing from taxpayers.

Although that fact is ‘technically’ or ‘statistically’ true, what they don’t tell you is that the people they have gone after and convicted are all small time crooks, guilty of small time frauds that are seldom above $1m or $1.5 million in value.

All the super crooks who embezzled hundreds of $ billions and almost brought down the entire financial system aren’t even being seriously pursued. More than six years into the SIGTARP investigations there are literally still hundreds of billions of outstanding ‘loans’, from banks including Citi, JP Morgan, Wells Fargo, and Bank of America.

They can quote figures all day long to try to mislead the people and make themselves look good, but a few small time crooks thrown in jail for stealing a million or two dollars here and there isn’t ever going to make much of a dent in the $ billions that were stolen. The politicians know that as well as anyone.

Perhaps Mark Twain’s “There are three kinds of lies: lies, damned lies, and statistics,” might have been a better quote!

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Pierre-Joseph Proudhon – What It Means To Be Governed.

“Fight Against Stupidity And Bureaucracy”

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I had intended to indulge myself today with a bit of a Sunday Sermon about the increasing intrusiveness of government.

But then I found a quote from a Frenchman named Pierre-Joseph Proudhon and I decided to let him use my pulpit on this occasion.

He didn’t know about the “En ess a” snoopers who have been listening to our phone calls, reading our emails, and spying on the leaders of nations that are supposed to be friends and allies of the United States, because he was speaking about what it means to be governed more than two hundred years ago.

Nevertheless, his words ring eerily true.

Nothing, it seems, has changed.

In fact today’s technology has made things far worse.

This is what he had to say all those years ago….

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To be governed is to be

watched over,

inspected,

spied on,

directed,

legislated at,

regulated,

docketed,

indoctrinated,

preached at,

controlled,

assessed,

weighed,

censored,

(and) ordered about,

by men who have neither the right, nor the knowledge, nor the virtue.

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To be governed is to be at every operation, at every transaction,

noted,

registered,

enrolled,

taxed,

stamped,

measured,

numbered,

assessed,

licensed,

authorized,

admonished,

forbidden,

reformed,

corrected,

(and) punished.

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It is, under the pretext of public utility, and in the name of the general interest, to be

placed under contribution,

trained,

ransomed,

exploited,

monopolized,

extorted,

squeezed,

mystified,

(and) robbed;

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Then, at the slightest resistance, the first word of complaint, to be

repressed,

fined,

despised,

harassed,

tracked,

abused,

clubbed,

disarmed,

choked,

imprisoned,

judged,

condemned,

shot,

deported,

sacrificed,

sold,

betrayed;

and, to crown all,

mocked,

ridiculed,

outraged,

(and) dishonoured.

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That is government; that is its justice; that is its morality.

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The man knew what he was talking about.

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Pierre-Joseph Proudhon, (1809 – 1865) was a French politician, the founder of Mutualist philosophy, an economist and a libertarian socialist. He was the first person to declare himself an anarchist and is among its most influential theorists. He is considered by many to be the “father of anarchism”. He became a member of the French Parliament after the revolution of 1848, whereupon and thereafter he referred to himself as a federalist.

(Bio source http://en.wikipedia.org/wiki/Pierre-Joseph_Proudhon )

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Guns Don’t Kill People, People Kill People – And Some People Deserve To Be Killed

“Fight Against Stupidity And Bureaucracy”

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Strong headline? Probably so.

As I write this post I am sitting here at my desk with my laptop and a toasted bagel with a little Philadelphia cheese topped with some black olives (well, I like them) plus of course the inevitable cup of coffee.

Not for the first time, what you are about to read bears no resemblance to the post I had in my head to write when I sat down here, because as I was enjoying my breakfast the thought came into my head that James Holmes may well be enjoying his breakfast too – and that annoyed me.

For those readers who have been in a coma for the past few days, James Holmes is the piece of excrement who opened fire in a movie theater in Colorado, murdering twelve innocent people, including a six year old child, who were there to enjoy a screening of the new Batman movie.

What also annoyed me is the knowledge that for months into the future we are going to be subjected to the publicity given to this evil man as he is needlessly paraded through the courts and analyzed by newspapers and tv stations eager to gain a cheap headline or two. Demented scumbags like Holmes will relish that publicity too. It will even be an encouragement to other equally demented morons to plan more of the same.

Even now I can see forming a queue of bleeding heart liberals who never miss an opportunity for jumping on the misery of others for a bit of easy publicity for themselves. They will try to ‘understand and excuse’ and will also try to shift the focus of the debate from where it should be to gun control and other spurious issues that are not the cause of the problem.

It may be a bit of a cliché these days, but guns really don’t kill people, people kill people. I have had guns and been around guns practically all of my life. A lot of my friends are likewise. Some carry them with them all the time. And in all those years not one of us has used them to kill a six year old child, nor for any illegal purpose whatsoever.

Due process and all the safeguards built into the justice system are obviously a good thing. But they are only necessary where there is, or may be, a reasonable doubt as to the guilt or innocent of the person concerned. In cases like this Colorado tragedy there is no doubt. Holmes is guilty. He was caught with the literal smoking gun in his possession and as far as I know he has made no attempt to deny his guilt.

Like the headline of this post says, some people deserve to be killed, and Holmes is one of them. The policemen on duty that night did the country a great disservice when they chose not to end the life of this mass murderer at the scene of his crime.

I really do not care to share this planet with, or breathe the same air, as people like Holmes. I don’t want to understand him. I don’t want to have to pay for his trial or incarceration. I just don’t want him around – period.

I deserve to be able to enjoy my breakfast without thoughts of people like that in my head. So do you.