Thursday, June 21, 2012

The Scam Wall Street Learned From the Mafia

The Rumor Mill News Reading Room 

CGI's BillsBest: The Scam Wall Street Learned From the Mafia
Posted By: Susoni
Date: Thursday, 21-Jun-2012 18:58:34

How America's biggest banks took part in a nationwide bid-rigging conspiracy - until they were caught on tape
by: Matt Taibbi
national affairsSomeday, it will go down in history as the first trial of the modern American mafia. Of course, you won't hear the recent financial corruption case, United States of America v. Carollo, Goldberg and Grimm, called anything like that. If you heard about it at all, you're probably either in the municipal bond business or married to an antitrust lawyer. Even then, all you probably heard was that a threesome of bit players on Wall Street got convicted of obscure antitrust violations in one of the most inscrutable, jargon-packed legal snoozefests since the government's massive case against Microsoft in the Nineties – not exactly the thrilling courtroom drama offered by the famed trials of old-school mobsters like Al Capone or Anthony "Tony Ducks" Corallo.
But this just-completed trial in downtown New York against three faceless financial executives really was historic. Over 10 years in the making, the case allowed federal prosecutors to make public for the first time the astonishing inner workings of the reigning American crime syndicate, which now operates not out of Little Italy and Las Vegas, but out of Wall Street.
The defendants in the case – Dominick Carollo, Steven Goldberg and Peter Grimm – worked for GE Capital, the finance arm of General Electric. Along with virtually every major bank and finance company on Wall Street – not just GE, but J.P. Morgan Chase, Bank of America, UBS, Lehman Brothers, Bear Stearns, Wachovia and more – these three Wall Street wiseguys spent the past decade taking part in a breathtakingly broad scheme to skim billions of dollars from the coffers of cities and small towns across America. The banks achieved this gigantic rip-off by secretly colluding to rig the public bids on municipal bonds, a business worth $3.7 trillion. By conspiring to lower the interest rates that towns earn on these investments, the banks systematically stole from schools, hospitals, libraries and nursing homes – from "virtually every state, district and territory in the United States," according to one settlement.
And they did it so cleverly that the victims never even knew they were being ­cheated. No thumbs were broken, and nobody ended up in a landfill in New Jersey, but money disappeared, lots and lots of it, and its manner of disappearance had a familiar name: organized crime.
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http://chasvoice.blogspot.com/2012/06/scam-wall-street-learned-from-mafia.html

3 comments:

Anonymous said...

Just because a thing is "legal" does absolutely not make it "lawful". The truth has been criminalized in order for you to live a complete lie from hell, in a fiction construction made to look, seem, feel and appear very real, when it really isn't.

The joke is on you, but you don't believe it. That is how well designed, engineered and orchestrated your fake existence has tricked your intelligence.

So much so, that so called educated grown adults are going to be insulted, when they learn how their lives have been scammed, because they have been led to be under the distinct "impression" to think they were in complete control of everything, when they really weren't.

The humble pie is going to be the main dish on the menu in the coming days for most people. All of the smart ass comedians are about to be out of business, quite literally, they will not find what they learn to be funny, to make jokes for laughing out loud, when they will be crying inside at how brain dead stupid they have behaved.

The illuminati have taken the mafias tactics and made them "legal" using legalized mafia tactics against we the people, since they worked so well for the mafia.

The all capital letter name you have been answering to for your entire life is a dead fiction corporation name listed on a piece of white paper, it is not you personally reading this message. But unfortunately, you are made to take the all capital letter name you answer for, very personal indeed.

Most people reading this message are not US citizens. But you think you are - and that is the dilemma you find yourself in and how you have been screwed over beyond belief.

You never spoke up and challenged the ghost corporation that is intimidating and scarring you, to prove to you that they were contracting with the right entity, so you could get paid instead of laid.

Since your sovereign identity was stolen from you by clever deception, you never saw it coming and you never knew you had a choice, because the mafia tactics distracted you with speed, footwork and science, in exchange for certain privileges not knowing you already had everything you ever needed, without a fiction ghost corporations approval, who absolutely cannot deal with real live people.

That is why they brought you into a fiction world that you can't seem to understand, in spite of your very bright intellect you remain confused and uncertain, cautious and careless all at the same time.

Anonymous said...

Film
The Establishment feature film project http://www.indiegogo.com/projects/144470?a=777535

Film Dedicated to: Victims of Criminal Anti-trust, Dominance, Monopoly, and Collusion (Canada/United States public at large outrage - see Occupy Wall Street)
Feature Film Option/Rights Fee: $ 1MM (launched in 2002 - seven years prior to Wall Street financial meltdown of 2008/09)
LOG LINE: A journalist must run for his life from the powerful Freemasons when he uncovers their centuries-old conspiracy to gain political control of the entire world.
BUDGET: Action/Political Thriller titled, "The Establishment" (estimated budget: 15MM)

Indiegogo lead entertainment investor Replies:

Shawn McAteer, Feature Film Producer
Telephone: 1. 613.552.9147
Email: shawn.mcateer@live.ca
2777 Jamieson Street Ottawa, Ontario CANADA K2B 6P3

Note: Screenplay available upon request. "The Establishment" feature film project has expressed interest from both identified feature film investors (Longtale, New York Film-Group) including 'A' level actors (Alec Baldwin, David Bowles).. "The Establishment" will have the same international audience awareness of subject matter and attract large box office feature film sales as Ian Fleming James Bond 007 garnered over decades (Billion $$ Brand potential) , and with the success of this first release future sales may be obtained through multiple releases, books, merchandising, music artist sound track release, product placement, ecetera. People throughout North America and Europe have heard about 'The Establishment', now they can see the movie. I am available for a conference call to discuss the aforementioned Option/Rights offer, and follow-up through ratification of a contract agreement with Indiegogo lead entertainment investor

Shawn McAteer - Profile: following graduation from Carleton University with a Bachelor of Commerce, Shawn jumped into the world of consulting founding and successfully growing a management consulting company to over 250 employees and $20 MM in annual billings managing sales quota of $3MM annually. He has more than fourteen years senior management consulting and market research experience securing engagements with medium to large private/public companies across North America. Shawn is the author of the best-selling book titled, “Business Dynamics Equals Business Success" that can be sourced at numerous college and university libraries across Canada; attended book signings at national association conferences with International Association of Business Communicators (San Francisco, CA + St. John, NB) and Canadian Public Relations Society (Toronto). Shawn continues to be published within trade journals and industry magazines on subjects related to Change Management, Knowledge Management, Strategy Implementation, and Leadership Development.

Anonymous said...

Film
The Establishment feature film project http://www.indiegogo.com/projects/144470?a=777535

Film Dedicated to: Victims of Criminal Anti-trust, Dominance, Monopoly, and Collusion (Canada/United States public at large outrage - see Occupy Wall Street)
Feature Film Option/Rights Fee: $ 1MM (launched in 2002 - seven years prior to Wall Street financial meltdown of 2008/09)
LOG LINE: A journalist must run for his life from the powerful Freemasons when he uncovers their centuries-old conspiracy to gain political control of the entire world.
BUDGET: Action/Political Thriller titled, "The Establishment" (estimated budget: 15MM)

Indiegogo lead entertainment investor Replies:

Shawn McAteer, Feature Film Producer
Telephone: 1. 613.552.9147
Email: shawn.mcateer@live.ca
2777 Jamieson Street Ottawa, Ontario CANADA K2B 6P3

Note: Screenplay available upon request. "The Establishment" feature film project has expressed interest from both identified feature film investors (Longtale, New York Film-Group) including 'A' level actors (Alec Baldwin, David Bowles).. "The Establishment" will have the same international audience awareness of subject matter and attract large box office feature film sales as Ian Fleming James Bond 007 garnered over decades (Billion $$ Brand potential) , and with the success of this first release future sales may be obtained through multiple releases, books, merchandising, music artist sound track release, product placement, ecetera. People throughout North America and Europe have heard about 'The Establishment', now they can see the movie. I am available for a conference call to discuss the aforementioned Option/Rights offer, and follow-up through ratification of a contract agreement with Indiegogo lead entertainment investor

Shawn McAteer - Profile: following graduation from Carleton University with a Bachelor of Commerce, Shawn jumped into the world of consulting founding and successfully growing a management consulting company to over 250 employees and $20 MM in annual billings managing sales quota of $3MM annually. He has more than fourteen years senior management consulting and market research experience securing engagements with medium to large private/public companies across North America. Shawn is the author of the best-selling book titled, “Business Dynamics Equals Business Success" that can be sourced at numerous college and university libraries across Canada; attended book signings at national association conferences with International Association of Business Communicators (San Francisco, CA + St. John, NB) and Canadian Public Relations Society (Toronto). Shawn continues to be published within trade journals and industry magazines on subjects related to Change Management, Knowledge Management, Strategy Implementation, and Leadership Development.