When it comes to prosecuting the lead players involved in the fraudulent financial activities that have led to the destruction of our economy, the Obama Administration, loaded with Wall Street campaign contributions and led by major financial firm operatives such as Tim Geithner and Bill Daley, has delivered empty rhetoric and minimal action. In the absence of leadership on this critical issue, it may come down to a new proposed OccupyWallStreet Department of Justice Working Group to restore the rule of law. The proposed group will feature members such as Bill Black, a man who has a strong track record of successfully prosecuting and jailing bankers during the S&L crisis. In this video, David DeGraw joins Bill Black on the Dylan Ratigan Show to discuss the "epidemic of fraud" and the people who need to be held personally responsible for the destruction of our economic system. – AmpedStatus
Dominant Social Theme: We need to use the might of the US, its terrific RICO laws and the dedicated servants of intelligence agencies to bring justice to the American people.
Free-Market Analysis: It's getting surreal out there. David DeGraw, the self-titled founder of the Occupy Wall Street movement has now announced his intention to bring on board William Black, an American lawyer, academic, author and a former bank regulator, to serve as Occupy Wall Street's litigation arm. Black has seemingly agreed.
Are we correct to wonder about this "arrangement?" It's beginning to seem like some sort of a sub-dominant OWS theme, that Wall Street tycoons should be "brought to justice." Yet when it comes to America, this assumption involves the endorsement of the judicial system as it is, a strange stance for a movement like OWS to take. We've written about the US system here: No Justice in the West.
EDITOR'S ALERT: Brietbart's Big Government website is reporting on an email data dump exchanged by "leaders" of the Occupy Wall Street movement that "make[s] it clear that MSNBC host Dylan Ratigan has been directly involved with [a group of journalists apparently including Matt Taibbi and David DeGraw]." According to Dan Riehl, this aid "included helping them to draft statements and offering revisions to a statement David DeGraw might later discuss on NBC News with Brian Williams." Taibbi himself has poured cold-water on the emails, saying, "There is nothing terribly interesting in any of these exchanges. Most all of the things written were things all of us ended up saying publicly in our various media forums."
In fact, the real agenda of those behind Occupy Wall Street evidently and obviously continues to emerge, even as we read articles about libertarian and free-market involvement in the movement – involvement that for increasingly obvious reasons does not influence those at the top.
These self-appointed "leaders" (who do not exist, they say) such as DeGraw and Assange seem to have outsized clout in a movement that is supposed to be grass-roots and consultative. The non-leadership of OWS seems intent on focusing the movement directly on Wall Street and its captains of greed, despite dissenting voices and libertarian involvement.
Zero Hedge carried an article yesterday warning about the scapegoating of Wall Street as a "catalyst for class warfare." The article cited a new poll commissioned by The Hill concluding that, "in the minds of likely voters, Washington, not Wall Street, is primarily to blame for the financial crisis and the subsequent recession."
The movement appears to have struck a chord with progressive voters, but it does not seem to represent the feelings of the wider public. The Hill poll found that only one in three likely voters blames Wall Street for the country's financial troubles, whereas more than half — 56 percent — blame Washington.
This does not seem to bother DeGraw who merrily soldiers forward as the scourge of Wall Street. Talk of guillotines, of the French Revolution and class warfare (that inevitably ends in the bloodshed of the middle class that DeGraw is supposedly avenging) seem not to bother him.
The man, for all his erudition, energy and apparent genius, seems oblivious to history. He is determined, he says, to help America "restore the rule of law." He takes for granted the "lawfulness" of the American system of justice and its judicial methodologies. Perhaps he shouldn't.
We note that Julian Assange the other day in his now-famous speech on the steps of St. Paul's in London explained (somehow he is another self-identified spokesperson of this "movement") that the protests were about "building" the rule of law rather than tearing it down.
Strange that DeGraw and Assange should seemingly be reading from the same playbook, but perhaps it is just coincidence. On the other hand, as we have mentioned many times now, this entire, vast movement can also be seen as an exercise in controlled history with people playing their assigned roles within the organizational ambit of Money Power.
This administration has been investigating the crash since they came into office. One could make the case that they wouldn't prosecute even if their investigation found criminality to keep the donations flowing. An outside lawyer would need a staff of thousands even to figure out what happened let alone whether it was illegal. For Black to have any actual effect he'd need years to make cases. Bringing him on board is just another ploy.
ReplyDeleteAgreed. I don't trust a single thing this administration does or a word out of it's mouth.
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