Tag Archives | Plunder

Democrats and Republicans Won’t Return Ponzi Payoffs From A Convicted Criminal

Robert Allen Stanford Mugshot

Robert Allen Stanford Mugshot

Michael Winship reports on TruthOut:

On Tuesday, Texas financier Robert Allen Stanford was convicted in a Houston federal court on 13 out of 14 criminal counts of fraud. As the New York Times reported:

The jury decision followed a six-week trial and came three years after Mr. Stanford was accused of defrauding nearly 30,000 investors in 113 countries in a Ponzi scheme involving $7 billion in fraudulent high-interest certificates of deposit at the Stanford International Bank, which was based on the Caribbean island of Antigua.

Media accounts of Stanford’s conviction were filled with stories of his excesses — mansions, private yachts and jets, and so much money invested in Antigua — including bribes — the small island awarded him a knighthood. Among his other indulgences, noted the Reuters news service: “He bought a castle in Florida for one of his girlfriends and his oldest daughter lived in a million-dollar condominium in Houston.

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Matt Taibbi: Bank of America is a “Raging Hurricane of Theft and Fraud”

HurricaneVia F The Banks:

Matt Taibbi speaking at an Occupy Wall Street day of action, February 29th, 2012. He wrote this article for OWS, and passed it out to the crowd.  It’s an informative and urgent call to action for Americans from all walks of life.  We are happy to be the first to publish it.

There are two things every American needs to know about Bank of America.

The first is that it’s corrupt. This bank has systematically defrauded almost everyone with whom it has a significant business relationship, cheating investors, insurers, homeowners, shareholders, depositors, and the state. It is a giant, raging hurricane of theft and fraud, spinning its way through America and leaving a massive trail of wiped-out retirees and foreclosed-upon families in its wake.

The second is that all of us, as taxpayers, are keeping that hurricane raging. Bank of America is not just a private company that systematically steals from American citizens: it’s a de facto ward of the state that depends heavily upon public support to stay in business.

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Bank of America To Charge Customers Fees Unless They Buy More Products, Have Enough Money

Bank Of OpportunityReports the Week via Yahoo News:

The banking giant is attracting criticism once again, with a plan to make checking accounts a whole lot more expensive Bank of America is working on “sweeping changes” that would levy new fees on customers with checking accounts, The Wall Street Journal reports. Proposed fees, ranging from $6 to $25 a month, could only be waived if customers meet certain requirements that favor the bank — by keeping a minimum balance, taking out a mortgage, or switching to online banking. The report comes months after Bank of America withdrew a proposed $5 monthly fee for using debit cards, after suffering a backlash from customers and lawmakers alike. Unsurprisingly, the new fee plan is already being slammed: Sen. Richard Durbin (D-Ill.) calls it “a challenge that cannot go unanswered.” Is the bank’s scheme outrageous?

Of course. Banks are extorting customers: It’s bad enough that BofA tried to instate the $5 fee for debit card users, says Hamilton Nolan at Gawker.

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‘We Are Drowning’ On A Road To Nowhere

240px-Frederick_Douglass_portraitFrom Military Resistance: “At a time like this, scorching irony, not convincing argument, is needed. Oh had I the ability, and could reach the nation’s ear, I would, pour out a fiery stream of biting ridicule, blasting reproach, withering sarcasm, and stern rebuke.” —Frederick Douglass, 1852 Oil prices are rocketing. Iranian warships are moving into the Mediterranean to shadow the US warships already there. Propaganda news is growing with rumors of Al Qaeda links with Iran, and, then, less speculative news about real links between the terror groups and the armed opposition in Syria. As Rolling Stone’s Matt Taibbi puts it, the smell of war is in the air and on the air,
“You can just feel it: many of the same newspapers and TV stations we saw leading the charge in the Bush years have gone back to the attic and are dusting off their war pom-poms.”
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Can’t Pay Your Mortgage? Turn Your House Into An Ad

The latest manifestation of the broken housing market and the thousands of homeowners who can’t afford their mortgage payments is an eye-grabbing advertising scheme from marketing company Brainiacs From Mars. If you let them paint your house like this…

brainiacsfrommarshome

… they’ll pay you up to $2,000 a month. Here’s the deal:

We’re looking for houses to paint. In fact, paint is an understatement. We’re looking for homes to
turn into billboards. In exchange, we’ll pay your mortgage every month for as long as your house remains painted.

Here are a few things we’re looking for. You must own your home. It cannot be rented or leased. We’ll paint the entire outside of the house, minus the roof, the windows and any awnings. Painting will take approximately 3 – 5 days. Your house must remain painted for at least one month and may be extended up to a year. If, for any reason, you decide to cancel after one month or if we cancel the agreement with you, we’ll repaint your house back to the original colors.

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Remember Rousseau: Property Rights And Human Rights Are Still At War

File:Jean-Jacques_Rousseau_(painted_portrait)The conflict between property rights and human rights has entered a new chapter. It is a debate that goes back to the challenge by landowners and merchants behind the American Revolution’s war on British control over the colonial economy.

Only today, as those speaking in the name of the 99% challenge the super wealthy of the 1% (actually the .001 %) there is a new battleground in what’s known as the housing market with as many as 14 million Americans in or facing foreclosure.

The defense of property rights is the holy of the holies for the propertied classes with a whole industry set up to enforce their claims of ownership.

We have seen how this plays out with the courts, run by often bought off and complicit judges rubberstamping claims by banks and realty interests even when laws are disregarded amidst fraudulent filings, biased contracts, and phony robot signings. They control the marshals who seize your property, and constantly denigrate the real victims as “irresponsible.”

It’s not surprising any more to read about banks foreclosing on properties they don’t even own.… Read the rest

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Iceland Declares Independence From International Banks

Parliament Building in Reykjavík, Iceland.

Parliament Building in Reykjavík, Iceland.

Bill Wilson writes at NetRightDaily:

Iceland is free. And it will remain so, so long as her people wish to remain autonomous of the foreign domination of her would-be masters — in this case, international bankers.

On April 9, the fiercely independent people of island-nation defeated a referendum that would have bailed out the UK and the Netherlands who had covered the deposits of British and Dutch investors who had lost funds in Icesave bank in 2008.

At the time of the bank’s failure, Iceland refused to cover the losses. But the UK and Netherlands nonetheless have demanded that Iceland repay them for the “loan” as a condition for admission into the European Union.

In response, the Icelandic people have told Europe to go pound sand. The final vote was 103,207 to 69,462, or 58.9 percent to 39.7 percent. “Taxpayers should not be responsible for paying the debts of a private institution,” said Sigriur Andersen, a spokeswoman for the Advice group that opposed the bailout.

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Living In A Real World House Of Lies

House of LiesIf you go to the corner of 8th Avenue and 42nd Street near Times Square in Manhattan, just down from the Wax Museum and around the corner from the bus station, and look up, you’ll see an oversized billboard for Showtime’s fast -paced “House of Lies,” a new cable TV series that is more like a realistic docudrama about the world of hard-charging management consultants.

Don Cheadle stars in this tightly written challenge to the popular “Mad Men” glorification of Madison Avenue in the 1950’s, spiced with the insertion of pretty graphic hot sex that makes Janet Jackson’s Superbowl moment seem like it belonged on the Disney Channel. An actor on the series laughingly downplays the explicit physical grappling as “naughty.”

At a time when Mitt Romney, a former management consultant himself in his years at Bain, is running for president, this show offers insight into just how vulgar vulgar capitalism can be.… Read the rest

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