The Market Ticker
Commentary on The Capital Markets- Category [Corruption]

Our government is hopelessly corrupt, top to bottom.

It turns out that Hillary was not a "singular example" of government officials breaking the rules for email and the record trail they generate. Caroline Kennedy also had a private account she was using for official business, as well as other official staff at the embassy in Japan -- including for traffic containing sensitive, although not classified, data.

And then there's Lois Lerner, who apparently set up an account in the name of her dog (along with a second personal account under her own name) -- and that evaded public record-keeping and FOIA regulations too.

When do we, as a nation, stop putting up with this crap?

I already know the answer from the last seven years, given the blatant "in your face" criminality that has been displayed -- you, dear reader, are going to do exactly nothing about this revelation just as you haven't before.

I know what I'm going to do -- go have a nice run and further turn my back on any desire to innovate or engage in entrepreneurial activity.  Why would I, when all that does is fund this sort of outrageous crap?

View this entry with comments (registration required to post)
 

From the WSJ's Opinion Page:

Congratulations to state Sen. Eric Schmitt from Missouri for “‘Taxation by Citation’ Undermines Trust Between Cops and Citizens” (Cross Country, Aug. 8) on the despicable practice of targeting “speeders” and other vehicular “felons” as funding sources. I am also a citizen of St. Louis and have seen this practice institutionalized in our communities. This has been an unspoken secret that we all knew, feared and detested and that even law enforcement lovers hated with a passion.

The policy forces professional law enforcers to pimp themselves for the cowardly politicians and bureaucrats too weak to take a simple budgeting stand, a main reason for their election. The results have been devastating to police integrity and the public’s perception of an unfair, arbitrary and discriminatory application of the law.

Forces?

I don't recall politicians stuffing guns up the noses of the so-called honorable law enforcement professionals and "forcing" them to do anything at all.

Rather this sort of policy is one that is born out of collusion between the politicians and law enforcement personnel and, as it is predicated on a lie (it is not about safety but rather about revenue) and the funds are extracted from the citizens through the threat of use of armed force it quite-easily meets the definition of racketeering.

Then there's this report -- which, given what police departments have turned into, is hardly surprising:

Philadelphia Police Commissioner Charles Ramsey told Action News that Internal Affairs is investigating the incident involving the officer, 32-year-old Matthew Zagursky.

He's a nine year veteran of the force assigned to the 24th District.

In the video, Zagursky is heard asking the driver if he has money to buy tickets to the Police and Fire Hero Thrill Show fundraiser. Money from the show is used to pay college tuition for children of Philadelphia police officers and firefighters killed in the line of duty.

In the video, Zagursky is heard to say, "You and your friend got any money to buy these thrill show tickets? Support your police department. Ten bucks each, man."

The incident was part of what police call a "live stop," part of crackdown on unregistered and uninsured vehicles.

Zagursky continues, "Either you buy these, or I take your car because it's unregistered. Ten bucks each man."

....

Commissioner Charles Ramsey said Zagursky appears to have a good record, but says the officer's behavior is inexcusable.

Inexcusable?  How about felonious?  What the hell do you call a threat of either armed robbery or grand theft auto (both by extortion) -- take your pick?  This sort of crap is straight out of the "protection money" racket playbook run by the mob!  No, an "internal investigation" will not do, and since that's all there is happening in response Commissioner Ramsey ought to be indicted as a co-conspirator!

Mother Jones calls the same sort of conduct out:

When you ask why such "bad" cops are nevertheless armed and allowed to patrol the streets, one begins to see that lurking beneath this violence is a fiscal menace: police departments forced to assist city officials in raising revenue, in many cases funding their own salaries—redirecting the very concept of keeping the peace into underwriting the budget.

....

"Essentially, these small towns in urban areas have municipal infrastructure that can't be supported by the tax base, and so they ticket everything in sight to keep the town functioning," said William Maurer, a lawyer with the Institute for Justice who has been studying the sudden rise in "nontraffic-related fines."

....

In Alabama, a circuit court judge, Hub Harrington, wrote a blistering opinion three years ago asserting that the Shelby County Jail had become a kind of "debtors' prison" and that the court system had devolved into a "judicially sanctioned extortion racket."

Well now there it is, in plain English -- and what is an extortion racket when multiple people collude to put it together and operate it?

It's got a name folks, and it's a name everyone recognizes too: RACKETEERING.

The only way issues are ever resolved politically is when you call things what they are, and treat those who engage in same as ANYone engaged in that act deserves to be treated.

View this entry with comments (registration required to post)
 

.... needs to be (politically) burned to the ground and the remains put in the (political) wood chipper.

You want to know why Trump is growing, is in the lead, and you're ****ed?

This is why, you treasonous jackasses.

View this entry with comments (registration required to post)
 

Oh this is rich..... it appears that a gun "walked" in Fast-n-Furious was used in the Garland Texas assault on the cartoon contest..... and the Fibbies are trying to bury the lede.

Five years before he was shot to death in the failed terrorist attack in Garland, Texas, Nadir Soofi walked into a suburban Phoenix gun shop to buy a 9-millimeter pistol.

At the time, Lone Wolf Trading Co. was known among gun smugglers for selling illegal firearms. And with Soofi's history of misdemeanor drug and assault charges, there was a chance his purchase might raise red flags in the federal screening process.

While a misdemeanor conviction won't (generally; there are exceptions) disqualify you from buying a gun lying on the form, if detected, will.  It appears that said lying was detected and a hold issued originally (to allow investigation) but was released a day later.

While this (now dead) attempted (and poor excuse for a) terrorist is now dead and he failed to manage to kill anyone else with his weapon, the fact remains that there have still been no federal prosecutions of the people responsible for Fast-N-Furious, including Eric (Place)Holder.

There is no longer a "rule of law" when anyone with a sufficient degree of political influence can simply ignore said law. Instead what you have is, quite effectively, this:

View this entry with comments (registration required to post)
 

You still want her to be the Democrat nominee eh?

Donations to the Clinton Foundation by Swiss bank UBS increased tenfold after Hillary Clinton intervened to settle a dispute with the IRS early in her tenure as secretary of state, according to a published report.

According to the Wall Street Journal, total donations by UBS to the foundation grew from less than $60,000 at the end of 2008 to approximately $600,000 by the end of 2014. The Journal reports that the bank also lent $32 million through entrepreneurship and inner-city loan programs it launched in association with the foundation, while paying former President Bill Clinton $1.5 million to participate in a series of corporate question-and-answer sessions with UBS Chief Executive Bob McCann.

Ah, so you think you're a "progressive" and electing Hillary will somehow help the "poor" and alleviate all the screwing that the financial industry does to people who are "not rich" - right?

Uh, you might want to rethink that and stop fawning over people who have a decades-long history of being all cozy-like with those very same folks who have been screwing you blind.

PS: This particular "issue" related to UBS hiding the identities of very rich people who were not, it was alleged, paying their taxes..... ain't that convenient that she'd intervene and her "family foundation" would be so-richly rewarded?

View this entry with comments (registration required to post)
 

Main Navigation
MUST-READ Selection:
Why I Find It Hard To Give A F**k

Full-Text Search & Archives
Archive Access
Legal Disclaimer

The content on this site is provided without any warranty, express or implied. All opinions expressed on this site are those of the author and may contain errors or omissions.

NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, OPTIONS, BONDS OR FUTURES.

The author may have a position in any company or security mentioned herein. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.

Market charts, when present, used with permission of TD Ameritrade/ThinkOrSwim Inc. Neither TD Ameritrade or ThinkOrSwim have reviewed, approved or disapproved any content herein.

The Market Ticker content may be reproduced or excerpted online for non-commercial purposes provided full attribution is given and the original article source is linked to. Please contact Karl Denninger for reprint permission in other media or for commercial use.

Submissions or tips on matters of economic or political interest may be sent "over the transom" to The Editor at any time. To be considered for publication your submission must include full and correct contact information and be related to an economic or political matter of the day. All submissions become the property of The Market Ticker.