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Member since: Fri Sep 17, 2004, 03:59 PM
Number of posts: 50,717

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Federal Reserve Admits To Keeping Bankers Out Of Jail

Federal Reserve Admits To Keeping Bankers Out Of Jail
by Richard Lyon

Ever since the financial crash of 2008 there has been a running controversy about the criminal responsibility of the executives of the major banks who had carefully constructed the house of cards that suddenly collapsed creating a chain reaction that created a global recession. When one looked at their elaborate schemes to create and peddle exotic securities that rested on junk debt, it was pretty difficult to swallow the line that nobody could have known that this would happen.

The Fed Just Acknowledged Its Too Big To Jail Policy

The federal government until recently shielded big banks from criminal prosecution out of concern that convictions may damage the financial system, a top Federal Reserve official said Friday, explicitly acknowledging a policy long denied by the Obama administration.

The admission came during a tense exchange between William Dudley, president of the Federal Reserve Bank of New York, and Sen. Sherrod Brown (D-Ohio) at a Senate Banking Committee hearing meant to explore the cozy relations between federal regulators and the banks they supervise.

Until May, large financial institutions investigated for wrongdoing had dodged criminal prosecution under the Obama administration, despite evidence from federal regulators and prosecutors showing that big banks had, for instance, laundered money for suspected terrorists and drug cartels; manipulated interest rate benchmarks; rigged various commodities markets; mislead investors in mortgage-linked securities; duped homeowners into taking out expensive mortgages; manipulated municipal debt markets; and broke state and federal rules when attempting to seize homes after borrowers fell behind on their payments, a scandal that became known as "robosigning."

Both Republican and Democratic lawmakers have long suspected that federal prosecutors didn’t pursue guilty pleas because they were afraid the consequences -- a potential unraveling of a giant bank -- would endanger the global economy. Attorney General Eric Holder suggested that was the case in March 2013, but quickly walked back his comments after a public outcry.



One of these is NOT like the other

Indianapolis newspaper alters, then deletes racist Thanksgiving cartoon following complaints

Gary Varvel cartoon original (Indy Star)

Gary Varvel edited cartoon (Indy Star)

LOL: answer here:

Journalistic Malpractice-Fox "News" story on House Benghazi report ignores the entire report

It's not news. It's Fox News:


First, take a look at how the Associated Press covered the House report on Benghazi released Friday. The AP's headline is "House intel panel debunks many Benghazi theories." What follows are the first three paragraphs of their article:

WASHINGTON (AP) — A two-year investigation by the Republican-controlled House Intelligence Committee has found that the CIA and the military acted properly in responding to the 2012 attack on a U.S. diplomatic compound in Benghazi, Libya, and asserted no wrongdoing by Obama administration appointees.

Debunking a series of persistent allegations hinting at dark conspiracies, the investigation of the politically charged incident determined that there was no intelligence failure, no delay in sending a CIA rescue team, no missed opportunity for a military rescue, and no evidence the CIA was covertly shipping arms from Libya to Syria.

In the immediate aftermath of the attack, intelligence about who carried it out and why was contradictory, the report found. That led Susan Rice, then U.S. ambassador to the United Nations, to inaccurately assert that the attack had evolved from a protest, when in fact there had been no protest. But it was intelligence analysts, not political appointees, who made the wrong call, the committee found. The report did not conclude that Rice or any other government official acted in bad faith or intentionally misled the American people.


How, exactly, did Fox News cover the House Benghazi report? Fox's headline is "CIA gathered intelligence on weapons to Syria: Benghazi report." What the hell does that even mean? That's not burying the lede. That's changing the lede into a word salad. Here are the first three paragraphs from the Fox News article online:

A leading Republican wants to expand the House investigation into the 2012 Benghazi terrorist attack by adding a Senate probe, as a new House Intelligence Committee report Friday concluded that the initial CIA assessment found no demonstrations prior to the assault and a primary purpose of the CIA operation in eastern Libya was to track the movement of weapons to Syria.

The report described the attack as "complex" with the attackers affiliated with Al Qaeda. It also said the initial CIA assessment concluded there were no demonstrations outside the State Department Consulate in Eastern Libya.

Referring to the House Select committee Chairman, and the Democratic ranking member, Sen. Lindsey Graham, R-SC, said the current House investigation should be expanded.

You can read the whole Fox story for yourselves. Nowhere in it does it say anything about the report's main findings regarding a lack of wrongdoing by the Administration or the State Department, as reported not only by the AP but by NPR, ("House Panel Finds 'No Intelligence Failure' Before Benghazi Attack"), CNN ("Republican-led report debunks Benghazi theories and accusations"), the Wall Street Journal ("House Report Finds No Attempt to Mislead Public Over Benghazi"), and every other article on the report I could find. Oh, and Fox News' TV coverage of the report also ignored the report, unsurprisingly.

more, plus links:

NY Magazine: Republicans Hand Obama an Immigration Political Triumph

Immediately after the election, when John Boehner asked Obama to hold off on unilateral action, reporters asked if he would promise to bring an immigration bill to the House floor. He refused. A senior administration official pinpointed this as the moment when any chance of delay ended. For all the drama surrounding President Obama’s announcement that he would ease immigration enforcement, the decision was always a very easy one to make. It was not even a decision Obama made so much as one that was made for him. Nor was the choice especially difficult to grapple with. The humanitarian and political logic all point in the same direction.


This rather mild form of vengeance, though, is probably not what furious tea partiers have in mind. And here is where Obama’s announcement will leave its deepest imprint. The emotional momentum in the Republican Party now falls to its most furious, deranged voices. Michele Bachmann has denounced what she calls “millions of unskilled, illiterate, foreign nationals coming into the United States who can’t speak the English language.” Rep. Mo Brooks of Alabama has even presented the most sympathetic slice of the immigrant community — the ones serving in the military — as a source of insidious competition and even treason. (“I don’t want American citizens having to compete with illegal immigrants for jobs in our military … These individuals have to be absolutely 100 percent loyal and trustworthy.” Steve King, a regular font of nativist outbursts, is setting himself up as a power broker in Iowa, which will command center stage in the GOP primary for months and months on end.

This is the point of contrast that Obama drew out clearly and effectively. After years of legislative muddle, he was able to detach himself completely from Congress and articulate his own values. His remarks, met with rapt attention in immigrant communities, continued his rhetorical tradition of expanding the American family, accurately presenting himself (and, by extension, his party) as an ally to marginalized Americans. Speaking with evident passion, the president deemed the children of undocumented immigrants “as American as Malia or Sasha.” He cited scripture: “We shall not oppress a stranger, for we know the heart of a stranger — we were strangers once, too.” He drew an emotional bond between immigrant communities and the Democratic Party’s ideal of compassion and tolerance. That bond will be his announcement’s most enduring legacy.


wash, rinse, repeat...

Reagan: 381
Clinton: 364
Nixon: 346
Bush43: 291
Black Tyrant: 193


You might be a Republican if...

You might be a Republican if you're frantically tweeting your disapproval of immigration reform while undocumented people mow your lawn.

CHEERS! This Is What I Like To Hear, Mr. President!


A+ New Yorker cover for Thanksgiving.


Benghazi & What Fair & Balanced Would Look Like - by BooMan

I am but a lowly blogger, bereft of my parents' basement since they traded suburban bliss for the retirement home. My jammies are torn and frayed and I'm running dangerously low on Cheetos. Who am I, then, to take on the laborious task of countering the six trillion hours of media coverage that aired on the "Benghazi Scandal" with an equal and countervailing amount of coverage on the now established fact that it was ALL bullshit from the start? This is clearly not my job.

It won't be anyone's job, of course. But it should be. Any media outlet that lent credence to this "debate" ought to spend the next three-plus years publishing articles and airing pieces on the extent to which this was all a cynical and spiteful lie from the beginning. They should keep doing these pieces no matter how much it outrages and annoys their audiences. They should do it long after it has any potential to edify the public. They should beat it like a dead horse until people do parodies of the media for beating dead horses, and then should keep doing it for several years after that.

Every day should be Susan Rice Vindication Day. We should wake every morning to mockery of Darrell Issa and go to sleep each night to ridicule of Mitt Romney. This should go on until all decent people have long ago given up and stopped begging for it to stop.

And, sometime in late 2017, we will have reached Fair & Balanced coverage of the tragedy in Benghazi.

the rest:

John Boehner Gets SLAMMED - On His Own His Facebook Page

John Boehner Gets Slammed On His Own His Facebook Page
by Leslie Salzillo

Republican House Speaker John Boehner delivered a pathetic 25-second video quip on his Facebook page, in response to President Obama's Thursday night's immigration speech. In his awkward video, Boehner downright embarrasses himself. I kept waiting to hear hiccups, between each slightly slurred sentence. (Was it me?) To view Boehner's video/page, visit here. Bad timing. Bad governing. Bad speaker.
The text from Boehner's video is short, manipulative, and stupid:

"Instead of working together to fix our broken immigration system, the president says he’s acting on his own. But that is just not how our democracy works. The president has said before that ‘he’s not king’ and he’s ‘not an emperor,’ but he sure is acting like one. And he's doing it at a time when the American people want nothing more than for us to work together. "

While typing that, my fingers tried to bolt from the keys. I had to call them back. They didn't want to come. This man is a conniving pompous ass who continues to guzzle up our time, energy, and tax dollars. But let me step aside, and let other Americans tell Boehner how they feel:

Mike F. Stop talking and do something!
Like · Reply · 507 · Yesterday at 4:10pm
21 Replies · 4 hours ago

Jan Crowley G. Send him a bill, Boehner. There's been one sitting on your desk waiting for House action for quite a while, now. The DEMOCRATIC SENATE already passed the bipartisan bill - how about you bring it up for action and a vote, too?? Hmmmmmm???
Unlike · Reply · 437 · Yesterday at 4:10pm
84 Replies · 2 hours ago

Mike S. The President TRIED several times over .... unsuccessfully to work with the most obstructive and dysfunctional Congress in U.S. history. You know that old definition of insanity John Boehner?? Well the President has learned that in order to get a different result he can no longer try working with the most obstructive and dysfunctional Congress in U.S. history. He has no choice but to go it alone. Congrats Mr. Speaker....you preside over a colossal joke of a House of Representatives.
Unlike · Reply · 257 · Yesterday at 4:33pm
49 Replies · 3 hours ago

Juan N. You refused to act so someone has to do your job, I'm so proud that our president is taking action.
Unlike · Reply · 243 · Yesterday at 4:19pm
54 Replies · 7 hours ago

Sharon M. Oh Boehner! And there you are, sitting on that bi-partisan Senate bill you refused to bring to the floor even for a debate. He gave you more than a YEAR! You refused. You went on vacation and told Obama to fix it himself. So he did. Rot in h$!! for your obstruction of the American people's business. A hypocrite is the kindess word I can find for you and your partym
Unlike · Reply · 151 · Yesterday at 4:24pm
15 Replies · 4 hours ago

Brett A. Instead of impeaching the President, we should be impeaching John Speaker John Boehner regarding his bribery on the House Floor:
Like · Reply · 119 · Yesterday at 4:14pm
5 Replies · 7 hours ago

Jeff N. Blah, blah, blah. You've presided over the least useful Congress in recent history. The president can't work with a body which doesn't show up to work. You - and Reid with you - should resign in ignominy over the lack of leadership you've shown in the past six years.
Like · Reply · 116 · Yesterday at 4:10pm
14 Replies · 4 hours ago

Jeff D. You got a bill on the floor of the house and you won't put it up for a vote! We aren't all as dumb as you want.
Like · Reply · 48 · Yesterday at 4:16pm · Edited

Brain S. When have you ever, EVER worked with the President?
Like · Reply · 38 · Yesterday at 4:20pm

Donnie H. Boehner...You make me sick. lie, lie, lie.
Like · Reply · 38 · Yesterday at 4:15pm

Shirley G. President Obama was elected TWICE by the American people. We want him as our President --- get over it!
Like · Reply · 37 · Yesterday at 4:46pm
11 Replies · about an hour ago

Melanie N. Yes, it is precisely how our democracy works. Thats why it works. When Congress fails... the democratically elected President must act under his EO powers.
Like · Reply · 35 · Yesterday at 4:50pm

Patricia R. Boehner, we know what you're doing and we do not approve. Nothing will change your mind to act like a decent political leader. You're out to get the president come hell or high water, and that's the bottom line.
Like · Reply · 35 · Yesterday at 4:31pm
10 Replies · about an hour ago

Brett L. Look here you douche bag he's been trying to work with you guys for 6 freaking years go Obama go you know most presidents in their last two years of their last term do kick it up a notch and start doing things on their own so this is not unprecedented ...See More
Like · Reply · 34 · Yesterday at 4:12pm

Brian W. Grow a spine and quit whining Boehner. You are a disgrace to public office! PS the American people have been waiting for you to work together for the last 6yrs. Shut up & lead!
Like · Reply · 33 · Yesterday at 4:56pm · Edited

Carlos A. He is beyond clown, he is just an idiot who cant fight his way out of a paper bag. Republicans have had the option to pass legislation to resolve the immigration crisis and they have failed for over 10 years. Its time to push them to act. So good for Obama let him exercise his authority and start to repair our broken immigration system.
Like · Reply · 32 · Yesterday at 5:16pm
4 Replies

Adolfo P. That's a PATHETIC statement Mr. Speaker. Of course you must work together. But your INACTION leads to this and you have the audacity to punch the president for doing something about it. Let the voice of your representatives be heard!! Call for a vote or SHUT UP!
Like · Reply · 31 · Yesterday at 4:26pm
2 Replies

Linda B. then do your job bonehead! congress makes the laws, so far in six years since Obama is President, you have done nothing. let me rephrase for sixty years you have done nothing..
Like · Reply · 19 · Yesterday at 4:43pm · Edited

I love this:

Michael T. I will never vote republican again…
Like · Reply · 11 · Yesterday at 7:21pm

My personal favorite:
Nesti G. shut up!!
Like · Reply · 8 · November 20 at 4:37pm

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