I paste this incredible Richard Engel report below on the above referenced programming. The invasion of Iraq, historians will no doubt say, was the greatest blunder in US History. Go ahead, put another nationalist know nothing Republican, say a Jeb Bush, into office or put a whole Congress of Republican know nothings into high office and see what you get. You will get and probably now have eternal war; never ending, trillions of bucks war killing thousands more as far into the future as the eye can see capturing your children and even your children's children for a "mission UNACCOMPLISHED" Bush did not envision. As Engel says "No Iraq, No ISIS" it is as simple as that. He destabilized an entire region. The forces of slaughter that George W. Bush and his henchmen unleashed has engaged this nation in an eternal war we better win.
Richard Engel's reporting is UNBELIEVABLE about the war against ISIS which I have linked below. It is well worth your time not to stay ignorant of that which your country has done in your name. Weep, America, because you do not know enough to keep ignorant Cretans out of office. As Engel says "The US stayed in Iraq and it did no good; the US left Iraq and it did no good." Now as the president ups the forces again turning it into probably another ground war the US will be there in perpetuity way beyond Obama's term in office. The president really has no other choice.
If we stay out ISIS may surely establish their caliphate. They are strong and getting stronger drawing religious fanatical converts by the hundreds from even the west and making alliances with even Al Qaeda and other groups; establishing their own currency. It is truly amazing. Can they do it with the many disparate groups with whom they have often fought? Who knows? Do you want to risk turning the clock back to the 8th century to find out?
Watch this hour long program which I link here and below learn what your country has done to you!
Friday, November 14, 2014
Matt Taibbi and Bank Whistleblower on How JPMorgan Chase Helped Wreck the Economy, Avoid Prosecution
If you want to know why it is important to get the gd vote out across the nation. Scroll down. You get the government you deserve if you don't!
Alayne Fleischmann, JPMorgan Chase whistleblower. She was a deal manager at the bank, where she says she witnessed "massive criminal securities fraud" in its mortgage operations during the period leading up to the financial crisis.
Matt Taibbi, award-winning journalist with Rolling Stone magazine. His latest article is headlined "The $9 Billion Witness." He is author of the book The Divide: American Injustice in the Age of the Wealth Gap.
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A year ago this month the U.S. Department of Justice announced that the banking giant JPMorgan Chase would avoid criminal charges by agreeing to pay $13 billion to settle claims that it had routinely overstated the quality of mortgages it was selling to investors. But how did the bank avoid prosecution for committing fraud that helped cause the 2008 financial crisis? Today we speak to JPMorgan Chase whistleblower Alayne Fleischmann in her first televised interview discussing how she witnessed "massive criminal securities fraud" in the bank’s mortgage operations. She is profiled in Matt Taibbi’s new Rolling Stone investigation, "The $9 Billion Witness: Meet the woman JPMorgan Chase paid one of the largest fines in American history to keep from talking."
This is a rush transcript. Copy may not be in its final form.
JUAN GONZÁLEZ: A year ago this month, the Justice Department announced the banking giant JPMorgan Chase would avoid criminal charges by agreeing to pay $13 billion to settle claims that it had routinely overstated the quality of mortgages it was selling to investors. When the toxic mortgage securities started turning bad, investors lost faith in the banking system, and a housing crisis turned into the 2008 financial crisis that led to millions of home foreclosures. New York Attorney General Eric Schneiderman unveiled the settlement last November.
ATTORNEY GENERAL ERIC SCHNEIDERMAN: Not only will Chase have to pay the largest settlement ever levied against a financial institution, but it has admitted in our statement of facts that its own employees, employees of Bear Stearns and employees of Washington Mutual made material misrepresentations to the investing public about a large number of residential mortgage-backed securities that they issued prior to the crash in 2008. This settlement is a major victory in the fight to hold accountable those who were responsible for that crash.
AMY GOODMAN: Soon after the JPMorgan Chase deal was reached, U.S. Attorney General Eric Holder discussed the bank’s misdeeds during an interview with NBC News’ Pete Williams.
ATTORNEY GENERAL ERIC HOLDER: It packaged loans that it knew did not pass its own stated due diligence test. We have a whistleblower who indicated that she expressed concerns about what the strength of these mortgage-backed securities were, and they put them out there to the market and said that they were perfectly fine, when in fact they were not.
PETE WILLIAMS: So, to be clear, you’re saying that JPMorgan’s conduct here contributed to the housing collapse?
Show Full TranscriptATTORNEY GENERAL ERIC HOLDER: Not only the conduct of JPMorgan, it was the conduct of other banks doing similar kinds of things that led directly to the collapse of our economy in 2008 and in 2009.