Showing posts with label ponzi scheme. Show all posts
Showing posts with label ponzi scheme. Show all posts

Wednesday, February 10, 2010

Don't Let The Senate Chamber Door Hit You On The Ass, Monserrate!

Despite the fact that New York City wakes up to a blizzard, I woke up quite exuberant today...can you guess as to why?

I'll bet that you have some idea.

ALBANY – A state senator, convicted of assaulting his girlfriend, was expelled from the State Senate, late Tuesday night.

The vote was 53 to 8, to kick out Sen. Hiram Monserrate, a Queens Democrat.

Monserrate was convicted of misdemeanor assault, following a trial last fall. He had been accused of assaulting Karla Giraldo, then dragging her through the lobby of their apartment building, in December 2008.

The senate had the option of censure. A felony conviction would have meant mandatory expulsion.

In a statement, Monserrate claims the expulsion disenfranchises the voters who elected him.

“There is no question those of us fortunate enough to hold a position of public trust must be held to a higher standard befitting the privilege of representing the people of New York”, said Senate Majority Conference Leader John Sampson. “Today, the Senate acted to protect the best interests of the people we serve and preserve the dignity of our body.”

Marcia Pappas, President of NOW-NYS stated, "For over a year The National Organization for Women-New York State has repeatedly sent the message that anything less than expulsion was not acceptable. Any form of violence against women is not acceptable. We hope that this serves as a wakeup call to all law makers. Whether you are a candidate or a sitting elected official, if you are violent towards another person, you are not fit to hold office."

I want the thank the members of the Senate who finally did the right thing and removed this sub-human piece of garbage from his position of power.

His arrogance in continuing to maintain that he was performing the will of the people would have continued to delegitimize the Senate, had he been allowed to retain his seat. Let's examine his conduct:

The committee criticized Monserrate for refusing to cooperate with its investigation. Its report noted that he was convicted of dragging his girlfriend in a domestic incident and told a judge he took full responsibility for his actions. But in later media interviews, he didn't acknowledge that, the report said.

If you'll recall, Monserrate was reportedly "enraged" at finding a PBA card in the possession of his girlfriend, Karla Giraldo. He reportedly was "bringing her a glass of water" when the glass somehow came to cut her face. He then insisted on dragging her to the hospital, which was caught on surveillance video (courtesy of Huffington Post) - click link to go to page.

He absolutely lied in regards to his accountability in this incident, and refused to take any responsibility. Add to this the shenanigans that he and fellow senator Pedro Espada engaged in last year which brought the Senate to a halt for over a month, and I think you'll agree with me that Monserrate had to go.

See ya!

In other news...I am interested in knowing if the New York Post is engaging in a smear campaign to induce current New York Governor David Paterson not to seek a full, elected term of office. Considering former governor Eliot Spitzer's untimely fall from grace, and the hard decisions Paterson has been forced to enact, he deserves the chance to see if New Yorkers will allow him to run for a full term. I believe that challenger Andrew Cuomo has a great chance; he is working to curb the daily malfeasance that occurs behind the scenes daily in New York, and I think the last thing New York needs now is yet another financial Ponzi scheme on the order of the Madoff scandal. The New York Times has not yet put out their story, and they are playing the old "follow the leader" game, stating that they're only following the story as the Post has reported. The one thing that really hit hard was the quote used on the cover of the Post yesterday: "I did NOT have sex with that woman". Don't you all remember where and from whom you heard that quote previously? That's right - it was our former whoremaster president, William Jefferson Clinton. You've been placed in great company, Paterson.


Let's see...and, if there isn't any merit at all to this story, let's see how large the apology to Paterson will be.

Monday, August 3, 2009

The Entire Monetary System Is A Ponzi Scheme

From: Freedom is truth in action (397063550)
To: (443289640)
Date: 8/3/2009 11:17:06 AM
Subject: The Entire Monetary System is a Ponzi Scheme...

-..-..-------------- Bulletin Message -..-..---------------
From: Orwellian Bob (405851800)
To: (462124578)
Date: 8/3/2009 10:43:28 AM
Subject: Entire Monetary System is a Ponzi Scheme...


-........-........-........-------------- Bulletin Message -........-........---------------
From: ♪♫URiAH♫♪ (171649204)
To: (405851800)
Date: 7/27/2009 8:46:25 AM
Subject: Spitzer: Federal Reserve is ‘a Ponzi scheme, an inside job’


Spitzer: Federal Reserve is ‘a Ponzi scheme, an inside job’



By Daniel Tencer

Published: July 25, 2009
Updated 2 days ago

The Federal Reserve — the quasi-..​autonomous body that controls the US’s money supply — is a “Ponzi scheme” that created “bubble after bubble” in the US economy and needs to be held accountable for its actions, says Eliot Spitzer, the former governor and attorney-..​general of New York.

In a wide-ranging discussion of the bank bailouts on MSNBC’s Morning Meeting, host Dylan Ratigan described the process by which the Federal Reserve exchanged $13.9 trillion of bad bank debt for cash that it gave to the struggling banks.

Spitzer — who built a reputation as “the Sheriff of Wall Street” for his zealous prosecutions of corporate crime as New York’s attorney-..​general and then resigned as the state’s governor over revelations he had paid for prostitutes — seemed to agree with Ratigan that the bank bailout amounts to “America’s greatest theft and cover-up ever.”

Advocating in favor of a House bill to audit the Federal Reserve, Spitzer said: “The Federal Reserve has benefited for decades from the notion that it is quasi-..​autonomous,​ it’s supposed to be independent. Let me tell you a dirty secret: The Fed has done an absolutely disastrous job since [former Fed Chairman] Paul Volcker left.

“The reality is the Fed has blown it. Time and time again, they blew it. Bubble after bubble, they failed to understand what they were doing to the economy.

“The most poignant example for me is the AIG bailout, where they gave tens of billions of dollars that went right through — conduit payments — to the investment banks that are now solvent. We [taxpayers] didn’t get stock in those banks, they didn’t ask what was going on — this begs and cries out for hard, tough examination.

“You look at the governing structure of the New York [Federal Reserve], it was run by the very banks that got the money. This is a Ponzi scheme, an inside job. It is outrageous, it is time for Congress to say enough of this. And to give them more power now is crazy.

“The Fed needs to be examined carefully.”

Spitzer resigned as governor of New York in March, 2008, after news reports stated he had paid for a $1,000-an-hour New York City call girl.

At the time, Spitzer had been raising the alarm about sub-prime mortgages. In the wake of the economic meltdown triggered last fall by sub-prime loans, some observers have suggested that Spitzer may have been targeted by law enforcement because of his high-profile opposition to Wall Street financial policies.

Investigative reporter Greg Palast wrote that federal agents’ revealing of Spitzer’s identity as a call-girl customer was no coincidence.

Palast wrote that the principle of “prosecutorial discretion” is often used to keep the names of high-profile persons out of the media when they are tangentially linked to a criminal investigation. In the case of Spitzer, the Justice Department chose not to invoke prosecutorial discretion.

Funny thing, this ‘discretion.’ For example, Senator David Vitter, Republican of Louisiana, paid Washington DC prostitutes to put him in diapers (ewww!), yet the Senator was not exposed by the US prosecutors busting the pimp-ring that pampered him.

Naming and shaming and ruining Spitzer – rarely done in these cases - was made at the ‘discretion’ of Bush’s Justice Department.

Spitzer recently told Bloomberg News that President Obama’s regulatory reforms of the financial sector are “irrelevant” because regulatory agencies have not been enforcing corporate laws to begin with.

“Regulatory agencies already had the power to do everything they needed to do,” he said. “They just affirmatively chose not to do it.”

– Daniel Tencer

The following video was broadcast on MSNBC’s Morning Meeting, Friday, July 24, 2009, and uploaded to YouTube July 25, 2009
:




http:​/​/rawstory.com/​08/news/2009/07/25/​spitzer-federal-reserve-is-​a-ponzi-scheme-an-​inside-​job/​

Friday, January 9, 2009

Life savings gone, 'Madoff-ed' best-selling writer back at work - CNN

That's right...the fallout isn't even halfway done in regards to the Bernard Madoff scandal - read this: Life savings gone, 'Madoff-ed' best-selling writer back at work - now tell me that his "home arrest" is a deterrent to anyone wishing to further defraud investors.

Apparently, there is no appreciable downside to ripping off people en masse, besides a negligible amount of public humiliation, and either a stay in a country club prison, or, better yet, home confinement!

Why rob a bank and risk having your tuchis ruptured by Bubba, who couldn't wait to lube up...just pull a "Madoff"!