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Obama To Pursue ‘Financial Crimes’

From a positively giddy Associated Press:

Panel to hear about effort against financial crime

By Daniel Wagner, AP Business Writer

January 14, 2010

WASHINGTON – Attorney General Eric Holder told a bipartisan panel exploring the roots of the financial crisis that the Justice Department is using "every tool at its disposal" to fight the financial crimes that contributed to the meltdown and could cause another.

Holder said fighting financial crime will foster confidence in the system. He is appearing before the Financial Crisis Inquiry Commission in its second day of hearings.

Securities and Exchange Commission Chairman Mary Schapiro will tell the panel her agency has been reviewing its operations in light of crimes exposed by the crisis, according to prepared remarks.

The panel also is hearing from Federal Deposit Insurance Corp. Chairman Sheila Bair and other regulators and law enforcement officials…

Holder highlighted the work of a new interagency Financial Fraud Enforcement Task Force created by President Barack Obama to coordinate efforts between the Justice Department and other agencies.

The regulators and officials are expecting to discuss investigations into crimes that became known during the crisis, including mortgage fraud and the large financial crimes like the landmark Ponzi scheme perpetrated by Bernard Madoff

If only the Obama administration would go after terrorists with the same zeal that they pursue (evil) capitalists.

Mr. Obama and the Democrats are criminalizing the making of money. Capitalism itself. They are persecuting the very people who do so much to help create investment and wealth in our country — and around the world.

But speaking of terrorists, will these bank CEOs and other financial criminals be afforded the same presumption of innocence and other rights that we are now extending to those confused innocents who have been captured red-handed on the battlefield?

Will the CEOs and bankers be able to retract any and all statements they have made that might have appeared to be an admission of guilt?

Will they be provided a dramatic forum where they can present their side of the story to the world without any fear of future retribution?

Probably not.

After all, these banks and mortgage lenders were following the mandates of previous Congresses and Presidents. They should be shown no mercy.

“La guillotine! La guillotine!”

This article was posted by Steve on Thursday, January 14th, 2010. Comments are currently closed.

14 Responses to “Obama To Pursue ‘Financial Crimes’”

  1. Rusty Shackleford says:

    Drumhead trials for all. Kangaroo courts will do the job!!!

    How close will they come to the finding that the democrat-run congress forced banks to make bad loans or face reprisals and accusations of racism? (rhetorical)

  2. proreason says:

    “Mr. Obama and the Democrats are criminalizing the making of money. Capitalism itself.”

    Actually, they are criminalizing freedom itself.

    Freedom interferes with their plans to be in power forever.

  3. Tater Salad says:



    Re Barack Hussein Obama: I Told You So – Yes I Did

    By Howard Galganov

    Montreal, Quebec, Canada

    23 July 2009

    When Obama won the Presidency with the help of the LEFTIST Media, Hollywood And Entertainment Liberals, Ethnic Socialists (ACORN), Stupid Non-Business Professionals and Bush Haters, I wrote: It won’t take six months until the People figure this guy out and realize how horrible a mistake they’ve made. And when they come to that realization, the damage to the United States of America will be so great it will take a generation or more to repair – IF EVER.

    The IDIOTS who not only voted for the Messiah, but also worked [hard] to promote his Lordship, are now left holding the bag.

    Here are two things they will NEVER do: They will NEVER admit to making a Blunder out of all proportion by electing a snake-oil salesman with no Positive social history or management experience of any kind.. They will NEVER take responsibility for the curse they’ve imposed upon the immediate and long-term future of their country.

    In essence, the people responsible for putting this horror show in
    power are themselves responsible for every cataclysmic decision he makes and the Consequences thereof.

    In just six months, the Messiah’s polls are showing the following: On Healthcare Reform – He’s going under for the third time with polling well Under 50 percent, even within his own Party. Even though he might be able to Muscle a Healthcare Reform Bill by using Chicago BULLY tactics against his Fellow Democrats, it will just make things worse. On Cap and Trade (Cap and Tax) – The Fat-Lady is already singing.. On the Stimulus Package (Tax and Spend) – His popularity is in FREE-FALL. On the TARP package he took and ran With from President Bush -It’s all but Good-Night Irene. On the closing of GITMO and “HIS” war on what he no longer wants called the War On Terrorism – He’s standing in quicksand with his head just about to go under. On a Comparison between himself and George W Bush at the same six months into Their respective first term Presidencies – Bush is ahead of him in the Polls. On a comparison between He Who Walks On Water and the 12 preceding Presidents between WW II and now – Obama ranks 10th. On a Poll just Conducted, that asks who would you vote for today between Obama and Mitt Romney – It’s a dead heat. Between Obama and Palin – Obama’s ONLY ahead by 8 Points and she hasn’t even begun to campaign. It seems to me that Obama Wants to be everywhere where he shouldn’t be.

    He’s personally invested in [totally insulting] America ‘s ONLY REAL Middle Eastern ally ( Israel ) in favor of Palestinian Despots and Murderers. He’s traveling the world apologizing for the USA while lecturing others on how to do it right, when in fact and truth he has no experience at doing anything other than getting elected.

    He went to the Muslim world in Egypt to declare that America IS NOT A CHRISTIAN NATION while he heaped praises on Islam, where he compared the “plight” of the Palestinians to the Holocaust.

    The Russians think he’s a putz, The French think he’s rude.

    The Germans want him to stop spending.

    The Indians want him to mix his nose out of their environmental business.

    The North Koreans think he’s a joke, The Iranians won’t acknowledge his calls.

    And the British can’t even come up with a comprehensive opinion of him.

    As for the Chinese, he’s too frightened to even glance their way. [After All, China now owns a large portion of the United States .]

    Maybe if America ‘s first Emperor would stay home more, travel less, and work A little bit instead of being on television just about
    everyday (or forget About his Wednesday Date Nights with his Amazon Wife) or stop running to “papered” Town Hall Meetings, perhaps he would have a little bit of time to Do the work of the nation.

    In all fairness, it wasn’t HARD to be RIGHT in my prediction concerning Obama’s presidency, even in its first six months, so I’m going to make yet another prediction:

    He is such a political HORROR SHOW, and so detrimental to the USA and his Own Democratic Party, that the Democrats themselves will either FORCE him to Resign or figure out a way to have him thrown out.

    Who knows, maybe he really isn’t a BORN US Citizen and that’s a way the Democrats will be able to get rid of him. [He is a citizen, but not a naturalized citizen with both mother and father being US citizens.]

    Or – MORE LIKELY THAN NOT, the Democrats will make Obama THEIR OWN LAME DUCK PRESIDENT.

    I don’t believe the Democrats have nearly as much love for their
    country as they do for their own political fortunes. And with Obama, their fortunes are rapidly becoming toast.

    The Democrats can keep on blaming Bush for EVERYTHING, but that game’s already begun to wear real thin.

    Their mantra was “WE DON’T WANT 4 MORE YEARS,” which the STUPID people bought, since McCain was nothing at all like George W Bush.

    The new mantra will soon become: “WE DON’T WANT 6 MORE MONTHS.”

    And remember folks, he wrote this several months ago . .

    Time to tell the Democrats STOP GIVING AWAY THIS COUNTRY to ILLEGAL IMMIGRANTS and Putting a Snake Oil Salesman as PRESIDENT



    ” The most foolish mistake we could possibly make would be to let the subjected people carry arms.” Adolph Hitler, Mar. 18, 1938

  4. Tater Salad says:

    Does our country want to have these loons running this country? Looks like they got voted in. Look who is in the picture down in the right hand corner? Heather Booth (google) and your eyes will open!


  5. MinnesotaRush says:

    What a great day in America when these criminals that reside in this administration (and their sidekicks – Reid, Pelosi, Frank, Dodd, etc, etc) are charged , tried, convicted, and their assets siezed and returned to the Treasury for their crimes against Americans.

  6. chestnutt says:

    “Financial Crimes” !!!

    Geez, the system would collapse under the pressure of the sheer volume starting with Blarney Flank and Chris (I Used to Be) Dodd. Start cooking the popcorn! Where can I buy tickets?

    • Reality Bytes says:

      Not to mention – Geithner (tax evasion), Rangle (ditto + misrepresntation of congressional & IRS filings), Frank (illegal home grown marajuana production), Obama (real estate fraud), Reid (ditto), Pelosi (well actually I don’t know about this one but I gotta tell you her & her husband’s Ravenswood wine is the worst swill I’ve ever tasted).

  7. canary says:

    Obama’s lip service never stops. He always does the opposite.

  8. Rusty Shackleford says:

    I seem to recall that in the 1940’s, congress brought Howard Hughes before a hearing to explain himself under the charge of “war profiteering”. Since he was the most well-off financially, and an easy target, they tried to rally class hatred around him.

    He took them on and explained it in plain terms. He also explained that he had years of his own life as well as his own money invested in the many projects the war department was interested in.

    However, I doubt that anyone brought before congress these days is going to stand up for themselves under threats made behind closed doors. Mostly these investigations are to gin up class hatred and get the middle class to hate the very rich bankers, etc.

    They have been partially successful so far and are therefore reaching farther.

    They will most likely overreach and I hope so. I definitely hope that if it gets ugly enough, the “nasty, evil, rich” bankers etc, will pop a lawsuit on the whole thing of their own and demand to be heard. But…unlikely. GovCo won’t let it happen.

    • proreason says:

      “I definitely hope that if it gets ugly enough, the “nasty, evil, rich” bankers etc, will pop a lawsuit on the whole thing of their own and demand to be heard. ”

      It won’t happen.

      There’s a substantial history of big business grovelling to government, in the 1930’s and recently, and probably before then as well.

      Rather than fight Big Brother, they choose to ingratiate themselves with the government to try to grab as much of the goodies as they can. Big business is just as corrupt and contemptable as Big government. The only reason they are better is Big business doesn’t have the power to ruin the lives of generations.

      Government wants you to think they do, but that little thing that government hates comes into play, no matter how big the business is…..competition.

      Government, of course, has no competition. So it is free to be completely evil. As you can easily see.

    • Rusty Shackleford says:

      Yes, Pro, I know. But there once was a time when there were principled people who would stand up against tyranny. Nowadays, if you do, somehow you’re considered “uncivilized” a “nutjob” or “violent”. We’ve painted ourselves into a corner intellectually, and with political correctness and though nothing’s really new here, it’s just gotten so very bad that I see my dinner sliding off the table and there’s nothing I can do about it.

      Helpless=anger in this case.

  9. wirenut says:

    PRO, don’t you think some of the captains of industry have seen what going to bed with big gov does? I know the hammer an sickle is out there, Big time !!! I’m just a small cog in a big wheel, but others strive for the next horizon.
    They can not/nor will be restrained by over regulation. If capitalism is to fail, it must be made nonprofitable. I guess I just answered my next question. Nice see’n ya Pro.

    • proreason says:

      wirenut, I agree not only that “some” captains of industry have seen what is going on, but that “all” captains of industry have seen it.

      But my point is that they will still act in their own, and their company’s interest, rather than the country’s interest. How can I be so sure? Because that is what has always happened in the overwhelming number of similar situations, from Nazi Germany to the recent GM / Chrysler situations.

      Big Business caves in to Big Government. They grab what they can in the short term and try to make alliances that will protect them long term.

      Don’t expect anything different now.

      It’s on us brother. We are the only hope.

      Lock and load.

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