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This is a complete list of Wall Street CEOs prosecuted for their role in the financial crisis

By Neil Irwin, Published: September 12 at 9:54 amE-mail the writer
Five years after Lehman fell, taking the global economy along with it, a roll call of Wall Street CEOs serving time for their role in the crisis looks something like this:

So, yeah. Zero Wall Street CEOs are in jail. And that’s not because the federal government tried to prosecute a bunch of them but lost the cases. There were no serious effortsat criminal prosecutions at all.

Which isn’t to say nobody is in jail. There have been prosecutions of various mortgage brokers and other small fish who lied or encouraged clients to lie on their applications for a home loan. The crisis exposed some outright fraudsters who are now in the slammer, such as Bernie Madoff and Allen Stanford. And, yes, major banks have been working through billions of dollars in civil settlements for shady behavior in the runup to the crisis.

But it’s shocking that for a crisis that drove the global economy off a cliff, caused millions of people to lose their homes and generally spread mass human misery to almost every corner of the earth there is no defining prosecution. No man or woman who led one of the firms directly culpable for the catastrophe has been put in a prison-orange jumpsuit. You might think that by now we could say that orange is the new charcoal pinstripes. But we can’t.



Mo. Legislature Override Veto on Lead Lawsuit Bill

JEFFERSON CITY, Mo. (AP) — A lead mining company won a legal shield against the potential for large-dollar judgments in some liability lawsuits as the Missouri Legislature voted Wednesday to override a gubernatorial veto of the measure.

The bill is crafted to benefit The Doe Run Co., which is facing numerous lawsuits, including one scheduled for trial in October alleging that contamination from old lead mining operations caused mental and behavioral health problems for children in St. Francois County.

Officials at Doe Run had asserted that a costly jury judgment could drive it out of business, resulting in the loss of hundreds of jobs in eastern Missouri. The company even offered tours of its facilities to lawmakers in the weeks leading up to the veto override. The company’s lobbying effort appeared to pay off.

“This company — Doe Run — is destroyed if we don’t take action,” Sen. Dan Brown, a Republican from Rolla, said Wednesday while urging colleagues to support the veto override.

“This bill is not about jobs — this bill is just about money,” said Rep. John Wright, D-Rocheport.



Shale criminal charges stun fracking industry

Andrew Maykuth, Inquirer Staff Writer POSTED: Thursday, September 12, 2013, 1:08 AM
Pennsylvania Attorney General Kathleen Kane's decision to prosecute a major Marcellus Shale natural-gas driller for a 2010 wastewater spill has sent shock waves through the industry.

But environmentalists Wednesday hailed the prosecution of the Exxon Mobil Corp. subsidiary as a departure from the soft treatment they say the industry has received from Pennsylvania regulators.

"We have been very concerned about enforcement in the Marcellus, and we welcome the attorney general's taking an active role," said Myron Arnowitt, Pennsylvania director of Clean Water Action.

Kane's office announced charges Tuesday against XTO Energy Inc. for discharging more than 50,000 gallons of toxic wastewater from storage tanks at a gas-well site in Lycoming County. XTO in July settled federal civil charges over the incident by agreeing to pay a $100,000 fine and deploy a plan to improve wastewater-management practices. The consent decree included no admissions of liability.

Read more at http://www.philly.com/philly/business/20130912_AG_s_criminal_charges_stun_drilling_industry.html#Rs6ShQ4gzlpSkopO.99

Yes, weird Christian beliefs do influence America


Does it really matter that America is home to a bunch of religious fanatics who constantly spin lurid and offensive ideas about how the world works? It’s an interesting question, in light of the inevitable fundamentalist wankery that has risen up in response to discussion over the United States intervening in the civil war in Syria. USA Today published an article about the various Christian “end times” fanatics who are latching onto the Syrian conflict as evidence for their apocalypse that never quite comes.

Hamilton Nolan of Gawker was skeptical, noting that the article was vague about which Christian websites were making these connections and that the only named Christians cautioned against making these connections. After a bit of quick digging, Nolan discovered that one of the most mainstream conduits of the Syria = Apocalypse theory is the Blaze, Glenn Beck’s website. “Fear not, humanity,” Nolan wrote, “all remains in equilibrium.” The implication being that Glenn Beck and the Blaze are understood as marginal characters, so their rantings shouldn’t be of any concern to the average Gawker reader.

It’s a common refrain aimed at any journalist who covers the religious right and its weird, paranoid mindset, as I did recently on AlterNet with a list of 10 Christian conspiracy theories. The idea is that by giving these marginal characters attention, you actually make the problem worse. A recent Cracked article flirted with that idea, describing Robertson’s show as “a fundamentalist Christian slant that lost its cultural cachet years ago” and suggesting that by giving attention to the crazy things Robertson says, the media lets the 700 Club “pretend to be relevant again.”


The problem with that theory is that right-wing, apocalypse-obsessed Christians are not marginal characters who have little power in the world. They constitute a huge percentage of Americans, and just as disturbingly, they have influence over another huge number of Americans. They actually don’t want attention drawn to their wacky beliefs a good deal of the time. On the contrary, the preferred fundamentalist right-wing communication strategy is to use their own spaces—spaces that are often far from the prying eyes of the larger world—to talk about their lurid fantasies, and they prefer to show a more sensible, moderate face to the larger world.


Take his guns away, already: Why the George Zimmermans are so protected


Exactly what happened on Monday between George Zimmerman and his estranged wife, Shellie, in Lake Mary, Fla., is still in doubt — but seeing the words “Zimmerman,” “gun” and “altercation” strung together once again has turned Zimmerman into a lightning rod for questions regarding gun violence and domestic abuse in the United States.

Based on the initial report, Shellie called the police that day claiming Zimmerman, brandishing his firearm, was threatening her, daring her to “step closer” to him. “I don’t know what he’s capable of. I’m really, really scared,” she told the emergency dispatcher. He violently destroyed her iPad, she said, allegedly cutting through the device with his pocketknife. He also apparently came to blows with her father, and allegedly exhibited the complete lack of self-control and dangerously poor judgment for which the public has come to know him.

But because Shellie changed her story only hours later — saying she never saw a firearm, and that she wouldn’t press charges — there was no domestic violence report filed. Absent that, the police didn’t pursue a warrant to search Zimmerman’s vehicle for the gun he may or may not have used to threaten Shellie.

Whether or not Zimmerman had a gun on him that day, one thing remains clear: The gun he used to kill Trayvon Martin was lawfully returned to him following his acquittal. And he is, according to recent reports, looking to buy more.

Which invites the question: What does a person have to do in this country to get a gun taken away? Or lose the right to a concealed carry permit? And, more specifically, what does a man with a noted history of both domestic violence complaints and a willingness to use deadly force, who is currently in the news for what may still turn out to be another such incident, have to do?



Government shutdown inches closer as GOP leaders delay vote in House

The federal government moved closer to the brink of a shutdown on Wednesday as House Republicans failed to quell a conservative rebellion and were forced to delay a vote on a stopgap spending bill.

The party leadership said it needed more time to build support for a complex legislative proposal it presented to its members on Tuesday. But senior Republicans acknowledged that the plan lacked support from conservatives who are demanding the GOP take a harder line against President Obama’s signature healthcare law.

“Obviously we don’t have 218 or we wouldn’t have pulled it,” said Rep. Tom Cole (R-Okla.), a member of the whip team who is close to leadership.

The plan devised by Majority Leader Eric Cantor (R-Va.) would link a resolution withholding funds for the healthcare reform law with a bill to keep the government running through mid-December.

Read more: http://thehill.com/blogs/on-the-money/domestic-taxes/321655-house-gop-to-delay-vote-on-government-funding-measure

Elizabeth Warren, the Voice of Outrage Wall Street Couldn't Squelch

By Sheelah Kolhatkar

When Harry Reid summoned Elizabeth Warren to Washington in November 2008 to run the Congressional Oversight Panel monitoring the federal bank bailout program, it was as if the Oklahoma plains had risen up and found a voice. The country was reeling from economic collapse, bank bonuses were about to be paid, and Warren, a polite, politically astute Harvard University bankruptcy scholar, applied her academic skills to building an intellectual case against Wall Street. It came out like a war cry. “People are angry because they are paying for programs that haven’t been fully explained, and that have no apparent benefit for their families or the economy as a whole, but still seem to leave enough cash in the system for lavish bonuses and golf outings,” Warren complained to Treasury Secretary Timothy Geithner at a May 2009 hearing. “None of this seems fair.”

Democrats celebrated her arrival in Washington. Finally someone had come on the scene who could argue for the suffering middle class. Warren gave life to the hopes and frustrations of Obama supporters who felt burned as they watched him continue the no-consequences support of the megabanks started under his predecessor, even while foreclosures and unemployment shot up. But her bluntness made her a political liability. Obama backed away from nominating Warren to head the Consumer Financial Protection Bureau she’d created; he was fearful she couldn’t win Senate confirmation and intimidated by massive opposition from the financial industry, which loathed her.

So Warren packed up her bags, her staff, and her outrage and returned to Massachusetts, where she launched the most expensive Senate campaign of 2012, spending $42 million to defeat Scott Brown. Her defining posture might have been captured best in a 2011 campaign appearance that went viral on YouTube: “There is nobody in this country who got rich on his own. Nobody!” she told a group of supporters in Andover while jabbing her finger in the air. “You built a factory out there? Good for you. But I want to be clear: You moved your goods to market on the roads the rest of us paid for. You hired workers the rest of us paid to educate. … You built a factory and it turned into something terrific or a great idea, God bless. Keep a big hunk of it. But part of the underlying social contract is you take a hunk of that and pay forward for the next kid who comes along.” After she won, Christopher Whalen, of Carrington Holding, described her on TV as an “angry Calvinist.”



Thursday TOON Roundup 3- The Rest








Thursday TOON Roundup 2- Syrian issues

Thursday Toon Roundup 1- Syria deal

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