Showing posts with label corruption. Show all posts
Showing posts with label corruption. Show all posts

Wednesday, July 31, 2013

@NYTimes reports on how JPMorgan can, effectively, bribe the USG to avoid trials or, you know, consequences.


via Instagram http://instagram.com/p/cb69_wyrmx/


From the article:

JPMorgan Chase is pulling out its checkbook to help mend frayed relationships with the government.


More:

The hefty payouts started on Tuesday when JPMorgan struck a $410 million settlement with the nation’s top energy regulator, which had accused the bank of devising “manipulative schemes” to transform “money-losing power plants into powerful profit centers.” The agreement was a record fine for the Federal Energy Regulatory Commission, whose most recent settlement with a big bank totaled only $1.6 million.


More:

The bank’s new approach comes down, at least in part, to dollars and cents. While the settlements are expensive, they pale in comparison to the sort of legal bills that come with long — and embarrassing — legal battles.


More:

The conciliatory tack also reflects a growing recognition among bank executives that JPMorgan was swiftly losing credibility in Washington. At least eight federal agencies are investigating the bank, and some regulators have portrayed JPMorgan as something of a bully.


Wow. Seems like bribing the government is a great way to avoid accountability--not to mention a jail term!

Life is so much easier when you're rich!

Read the whole article: http://dealbook.nytimes.com/2013/07/30/jpmorgan-to-pay-410-million-in-power-market-manipulation-case/

Monday, February 13, 2012

Draw Every Day 2/13/12: $2012 An Economic Odyssey



Feeling a little preachy today, I am. :)

See a progress shot of this illustration.

Ballpoint Adventures for February 13, 2012: JPMorgan and Martin Luther King Sitting in a Tree

I SERIOUSLY doubt that MLK Jr would have been cool with JPMorgan supporting his cause.  Banks are largely to blame for our current economic state and I just don't think Dr. King would look kindly on the way banks have behaved on the last ten years or more.

Check out how supportive the banking giant JPMorgan Chase is of King's cause: http://www.jpmorganchase.com/Corportate-Responsibility/mlk-event.htm

Tuesday, April 7, 2009

All of Your Paranoia about Government and Corporations is Accurate (and then some)


Above: money doesn't make the world go 'round--but it does keep the system moving.


Yeah, pretty sad when things in the real world happen like they would in a novel--you know when the people you trust betray you in a way you would never have expected? Let me get more specific.

Remember that thing called "government" that's supposed to protect your rights and help organize society in a way that allows humanity to have an easier, more enjoyable time?

How about corporations? Remember them? They're the groups of smaller businesses that team up to help better provide for the communities they exist in.

Well, that's the way both were originally supposed to work, anyway. Alas, they've supplanted those wonderful ideals with concerns only for themselves. Corporations have the same rights as we individuals and, while they can't vote, politicians make sure big businesses are more than equally represented in government.

Capitalism is dead and probably has been for years--it's only recently that we've discovered its body. See, Capitalism too, has been supplanted by the system of Corruptionism.

The basic idea is that our leaders (both political and corporate) tell us that they care about all humans, our rights, the environment and our morals, but all they really care about is taking from us and giving to themselves. We give our money to corporations in exchange for products and services we don't need (but are literally brainwashed to believe are necessary) and the corporations take that money and pay off politicians to make laws that make it easier for corporations to make even more money off of us.

Politicians are corrupt because they take money for favors. We are corrupt because our money comes from corporations that we then use for things we don't bother realizing we don't need. Corporations are corrupt because the people who run the corporations take money, ignore their own morals, and keep the corporate interests going.

Everyone is corrupt in this system.

Maybe the Corruptionist system (like most systems) can actually function to make life easier for us. However, take it to the extreme and we get what we have now.

Last month Matt Taibbi wrote an amazingly in-depth piece that you can find at RollingStone.com that covers the bail-out, the AIG mess, corrupt politicians and most importantly how this whole thing has functioned as a non-violent coup meant to wrest control of government (and therefore us) from our elected leaders. Of course, I'd suggest that our elected officials haven't had any substantive power for years. Regardless, the reality seems to be that now they don't. Here's a bit from Taibbi's article:

People are pissed off about this financial crisis, and about this bailout, but they're not pissed off enough. The reality is that the worldwide economic meltdown and the bailout that followed were together a kind of revolution, a coup d'état. They cemented and formalized a political trend that has been snowballing for decades: the gradual takeover of the government by a small class of connected insiders, who used money to control elections, buy influence and systematically weaken financial regulations.

The crisis was the coup de grâce: Given virtually free rein over the economy, these same insiders first wrecked the financial world, then cunningly granted themselves nearly unlimited emergency powers to clean up their own mess. And so the gambling-addict leaders of companies like AIG end up not penniless and in jail, but with an Alien-style death grip on the Treasury and the Federal Reserve — "our partners in the government," as Liddy put it with a shockingly casual matter-of-factness after the most recent bailout.

The mistake most people make in looking at the financial crisis is thinking of it in terms of money, a habit that might lead you to look at the unfolding mess as a huge bonus-killing downer for the Wall Street class. But if you look at it in purely Machiavellian terms, what you see is a colossal power grab that threatens to turn the federal government into a kind of giant Enron — a huge, impenetrable black box filled with self-dealing insiders whose scheme is the securing of individual profits at the expense of an ocean of unwitting involuntary shareholders, previously known as taxpayers.


That article has been sitting in a tab in Firefox since last month and is so incredibly long I still haven't finished reading the whole thing. It's a pretty good read, so far, though.

As much as I'd like to be wrong about this, the moral of the story seems to be that, ultimately, every ounce of stereotypical paranoia any of us have had about politicians and businessmen being liars has been accurate.

Politicians and businessmen are all lying--all the time. They may not even be aware of their own dishonesty, but the reality sure seems to be that eventually, any corporation and every politician will sacrifice what ever it/he/she needs to in order to make as much money as it/he/she can.


Click here to see visit my Disgusting People (Magazine)
page which I set up just days after 911.
One good example of this is when People Magazine put out their 911 Memorial Issue, just a few days after 911. They ran ads opposite pictures of the disaster. My "favorite" was a picture of a man on his knees, mouth agape, seemingly staring across the gap between the page his picture was on and the page facing him which featured an ad for State Farm life insurance.

I emailed the editor and complained. She replied with a bunch of rationalizations and apologized only for my offense. Members of an email list I was subscribed to at the time seemed nonplussed by my offense at People Magazine's behavior.

"They have to make a living don't they?" said one person on the list.

Here we are 8 years later and things have only gotten worse. We're all just fodder for the machine of Corruptionism--we seem generally OK with that and so do our political leaders. So much so that, morals are put aside in favor of bringing in the cash so we can buy our iPods, pay our bills, and feed our kids. Our government takes our money (both directly through taxes and indirectly by having the Fed inject new cash into the system) and gives it to these corporations to keep them going and to quite literally reward them for their horrible behavior.

Just keep doing what you're doing, the government seems to be saying.

But "corruption" is the right word for it, isn't it?

Monday, March 10, 2008

Eliot Spitzer: Pro-Choice Advocate, Hooker Hirer





So, this morning, when I woke up, I started listening to today's podcast from http://DemocracyNow.org/ to learn that today is "Abortion Provider Appreciation Day" and not only does it mark the 31st year the day has been celebrated in the city of Albany, New York, it's also the day, according to the DN broadcast (transcript here: http://www.democracynow.org/…e_abortion ): "Governor Eliot Spitzer is addressing the Family Planning Advocates of New York State. Shortly after taking office last year, Spitzer introduced a bill that would declare abortion a fundamental right for women. The bill would also ensure abortion remains legal in New York should the Supreme Court overturn Roe v. Wade."

Bad news, ladies!

Turns out that Eliot has *also* been caught red-handed setting up a meeting with what the New York Times calls "a high-priced prostitute." So, maybe my headline, claiming Spitzer "hired" a hooker, isn't entirely accurate, but I hardly think you set up a doctor's appointment if you're not planning on getting, uh, some work done--if youknowwhatImean.

So, isn't that great? He's all set to protect a woman's right to choose when he gets caught encouraging a woman's right to charge.

Another "great" thing is that America doesn't get to have another discussion about women's rights--instead we get another discussion about how politicians suck.

Ah, women. Won't you ever learn?

I'm just Mr. Sarcastic today!

Read more about Spitzer's troubles in an article from NYTimes.com here: http://www.nytimes.com/…itzer.html

Read more about women's troubles with protecting their right to choose here:
http://www.democracynow.org/…e_abortion

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