Wake-up Call

Resist the Corporate State

Posts Tagged ‘Accounting fraud

Accounting Fraud- evidently now legal, bankers above the law

with 2 comments

“Where are the Handcuffs?” Why Aren’t Bankers in Jail?

MSNBC—Feb. 17, 2011—Dylan Ratigan discusses recent subpoenas and what else needs to happen to hold Wall Street accountable.

Cenk Uygur speaks with Rolling Stone’s Matt Taibbi on why crooks on Wall Street go unpunished (often while taking home enormous sums of money).

and here’s Matt’s Rolling Stone article: 

Why Isn’t Wall Street in Jail?

By Matt Taibbi      RollingStone Feb 16, 2011

Financial crooks brought down the world’s economy — but the feds are doing more to protect them than to prosecute them

Over drinks at a bar on a dreary, snowy night in Washington this past month, a former Senate investigator laughed as he polished off his beer.

“Everything’s fucked up, and nobody goes to jail,” he said. “That’s your whole story right there. Hell, you don’t even have to write the rest of it. Just write that.”

I put down my notebook. “Just that?”

Read the rest of this entry »

Revisiting 2001- $2.3 TRILLION missing and unaccounted for

with 4 comments

military spending

Yes, that was September 10th, 2001. The day before 9-11…..What’s so special about that day?

That was the day Secretary of Defense Donald Rumsfeld held a press conference to disclose that over $2 Trillion in Pentagon funds could not be accounted for. Rumsfeld stated: “According to some estimates we cannot track $2.3 trillion in transactions.”

More info and references available here.  Video here .

Other people’s money (our tax dollars) gone- with no explanation or reason to believe the fraud, waste and abuse does not continue today.