Nobody Committed Any Crimes (Except Treasury and Obama)
The Market Ticker ® - Commentary on The Capital Markets
Posted 2012-08-07 13:41
by Karl Denninger
in Editorial
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Nobody Committed Any Crimes (Except Treasury and Obama)
 

Where are the cops?  Oh yeah, I know --- Eric (Place)Holder is right on it.... sitting on it, that is.

Emails obtained by The Daily Caller show that the U.S. Treasury Department,  led by Timothy Geithner, was the driving force behind terminating the pensions  of 20,000 salaried retirees at the Delphi auto parts manufacturing company.

The move, made in 2009 while the Obama administration implemented its auto  bailout plan, appears to have been made solely because those retirees were not  members of labor unions.

....

One email dated Thursday, April 2, 2009 shows PBGC staffer Joseph House  discussing a meeting he and his colleagues were anticipating with the entire  auto bailout team the following day.

House emailed PBGC colleagues Karen Morris and Michael Rae that during the  Friday morning meeting, the “agenda is everything — lead off with Chrysler, then  we’ll get into GM/Delphi.”

....

But after the Friday meeting, House emailed PBGC staffers Karen Morris and  John Menke. “We’ve been disinvited,” he wrote. “It’s for the best.”

“Who uninvited us?” Morris replied.

“Treasury,” House responded.

It’s unclear how many additional meetings about the Delphi pensions took place,  and whether PBGC staff were invited to participate in them. But Treasury excluded them from the meeting during which the discussions began, which is  likely a violation of 29 U.S.C. §1342. Without a PBGC representative in the  room, Treasury officials were legally prohibited from making decision about  pensions — or even from moving toward them.

It also appears that perjury was committed:

The internal government emails contradict sworn testimony, in federal court and  before Congress, given by several Obama administration figures. They also  indicate that the administration misled lawmakers and the courts about the  sequence of events surrounding the termination of those non-union pensions, and  that administration figures violated federal law.

Does anyone care about the rule of law any more?

We already know, for example, that the administration wantonly violated contract rights when it "re-ordered" priority so that union health benefits would be funded while bondholders who had a contractually senior position got screwed.  The bondholders sued and lost, incidentally, effectively giving the government plenary authority to seize their money -- but that doesn't make it right.

It does, however, make crystal clear exactly how the Federal Government and its instrumentalities treat "laws." 

Unfortunately this must extend to candidates, including specifically Gary Johnson and Mitt(ens) Romoney, who still refuse to stand up and take a position on these matters.

Quite succintly, since both are trying to get the job of chief law enforcer (law enforcement rests with the Executive) their silence must be taken to indicate consent to the blatant lawless behavior found in government generally, and these instances specifically.

If they'd like to change my opinion on that they're free to take the microphone in hand and issue a press release calling for the responsible parties to be investigated, indicted and if convicted, imprisoned any time they'd like.

I won't hold my breath; after all, nobody committed any crimes, right?

What we continue to see examples of, day after day, is evidence for why this nation and her people are fully-justified in believing that the rule of law doesn't matter any more.  We have essentially completed a transition from the "Golden Rule" to the "Rule of Gold" -- that is, Do unto others then get the hell out of there, and if caught simply say "but nobody committed any crimes" -- after you duct-taped the cops eyes closed!

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User Info Nobody Committed Any Crimes (Except Treasury and Obama) in forum [Market-Ticker]
Ct1977
Posts: 231
Incept: 2009-08-13

East Hartford, CT
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This stuff just sickens me. I get caught stealing a candy bar from 7-11 and I get led out in handcuffs. I wind up in court and have to spend hundreds, if not thousands going through the legal "process". But it remains A-Okay for the current administration to bend, break and change every law that doesn't suit them. It just makes me sick that this is the direction we're moving in. But I do believe it is a clear sign that an all out collapse of our country is well underway. It shows the desperation our government is in when they have a blatant disregard for the laws of the land.

I hope some day these people are made to pay. Preferably swinging from lamp posts.

Hate to say it but it looks more and more like the only way to turn the tide at this point is for the whole nation of citizens to rise up in revolt and physically remove these people, or better yet, criminals from office.
Preidt2
Posts: 552
Incept: 2009-07-31
Green
spokane/wash
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welcome to communism........death

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Puppets Under Destruction
Oldno7
Posts: 2138
Incept: 2008-11-14
Gold
RECALL STATE USA
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I hope the people in this country are REAL sick come November and throw the bums (criminals) out. Yea I know there isn't an honest man running but I will still have some satisfaction when Obummer is defeated.

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IT'S THE SPENDING STUPID The US must become less a government of men, and more a government of LAW.
When people lose everything and have nothing left to lose they lose it -Gerald Celente
Mgpacher
Posts: 141
Incept: 2011-03-03

Indiana
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I do not think it makes any sense for Romney to talk about an issue that voters are unaware of and which would probably confuse most of them.

All we can hope is that Romney is a good man and will do the right thing after he is elected. Were Romney to fight all the good fights as a candidate, he most likely would not get elected. What good would it do to fight fights that might only serve to trip him up and cost him the election?

It is hard to accept that a candidate does not want to lead a crusade on the issues that you personally are hot and bothered about. I believe it is not so much what a candidate talks about as what he actually does in office.

Character is what matters. Honesty and integrity, and doing what one says he will do. If you want talk, there is always Obama. Lots and lots of high sounding empty talk. Almost all of it lies and other fantasies.
Genesis
Posts: 130662
Incept: 2007-06-26
Admin A True American Patriot!
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Yes, that worked out really well with Bush who, after promising integrity and good works, in fact sued to prevent the states from enforcing laws against predatory lending.

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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
2dogs
Posts: 2931
Incept: 2009-03-25
Gold
Land of the Lost
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Quote:
Yea I know there isn't an honest man running but I will still have some satisfaction when Obummer is defeated.
Bittersweet, to say the least. Romney isn't much better.

Things are so ****ed up, BOTH of my daughters have SWORN OFF having any children. They REFUSE to bring any more life into this ****ed up world.

I'm looking forward to spoiling grandpets. smiley

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You can't defeat the combined effects of massive voter fraud, the Free **** Army, and the entire bought and paid for media complex. This nation is done.
Azengrcat
Posts: 184
Incept: 2010-05-31

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Place Holder does not know the meaning of "Perp Walk". To him it means letting the perpetrators walk freely in public as if they did not commit any crimes. Someone should send him a note about that.
Steelhead23
Posts: 2037
Incept: 2008-09-09
Green
Portland OR
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2dogs: People and times change. Children are the embodiment of hope- a belief in the future. Can't say as I would blame your daughters for saying nyet - now. Give it time.

This post infuriates me. Not so much because Geithner pulled the strings - but because Obama spent my children's money to enrich the UAW while simultaneously eviscerating the retirements of many other GM workers. Whatever happened to "equal protection under the law?" Oh, I know, if the king can identify and put to death any enemy of the state, we should care about how he treats pensioners? Still, this smells of quid pro quo and yes, Obama's opponents would do well to point that out. How much did/will UAW give Mr. Obama's campaign? One might guess that it is a tad more than the non-union employees of Delphi will be shelling out.

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"Give me control of a nation's money and I care not who makes it's laws" —Mayer Amschel Bauer Rothschild Benjamin Bernanke
For-profit commercial banks are a menace and should be eradicated
Flaps10
Posts: 5144
Incept: 2008-10-17
Silver
seattle
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2dogs, there will be plenty of underprivileged FSA giving birth in their stead.

Oldno,
I'm sure your enthusiasm will be short lived when it becomes business as usual on January 21

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"Better to die on your feet than live on your knees"
Irishblues
Posts: 278
Incept: 2010-12-18
Gold
Wisconsin
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Really, is anyone surprised TurboTax Timmy would be involved in the screwing of more American citizens for the benefit of a few? It's his m.o., any time he opens his mouth and says he supports something you know either he's straight-up lying or there's an ulterior motive behind him supporting it.

What really*****es me off more is that for 3 1/2 years we've had an Attorney General in name only. Holder et. al. have steadfastly refused to uphold the rule of law in any substantive form, at most electing to let defendants plead out to minor fines even when there's been red-letter violations of federal law. He should be facing criminal charges for for being complicit in allowing numerous criminal acts to take place either with the consent and assistance of the Department of Justice or via his failure to discharge the duties which he has been charged with carrying out.

Hell, I'd love for someone in law enforcement to use RICO to get around the 5-year statute of limitations to go after the major banks for their involvement in mortgage fraud and tie the federal government in as a co-conspirator.
Djloche
Posts: 3268
Incept: 2008-07-07
Silver
In the Mountains
Online
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Quote:
All we can hope is that Romney is a good man and will do the right thing after he is elected.


smiley Romney will NOT do the right thing. He has a track record of banning guns. That alone should be evidence of his true colors. He is WORSE than obama.


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"If we wish to be free, we must fight! I repeat it, sir, we must fight! An appeal to arms and to the God of Hosts is all that is left us! Gentlemen may cry, "Peace! Peace!" -- but there is no peace. The war is actually begun! Our brethren are already in the field! Why stand we here idle?"
Mgpacher
Posts: 141
Incept: 2011-03-03

Indiana
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It is all we got. Sorry that we do not live in a perfect world with perfect people.

Any candidate, even a Libertarian, can talk a 100 percent line of issues. In other words you candidate perfect, whatever that may be in your mind. Once he is elected it could turn out all wrong.

Obama was the perfect candidate for many people. He possessed glamor, looks, star appeal, intelligence, the best education and all the best abstract ideas. There was equality, fairness and social justice. He was the embodiment of Ivy League excellence . So evident was his superiority, that he need not even need to furnish evidence. What did he lack? Honesty, truthfulness, personal integrity, competence, love of America, etc.

Romney possesses every quality of virtue lacking in Obama. Romney has a proven record of success in business and in leadership. He lacks Obama's glamor and celebrity aura. He also lacks Obama's proclivity for totalitarianism.

It is Romney or Obama. Directly or indirectly.
Duc888
Posts: 7368
Incept: 2008-11-06
Gold
CT, the UNconstitution State
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Quote:
Obama was the perfect candidate for many people. He possessed glamor, looks, star appeal, intelligence, the best education and all the best abstract ideas. There was equality, fairness and social justice. He was the embodiment of Ivy League excellence . So evident was his superiority, that he need not even need to furnish evidence.



.....wow, hook, line and sinker. I saw a junior Senator who never held a meaningful job in his life and had everything handed to him.

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...burp
Genesis
Posts: 130662
Incept: 2007-06-26
Admin A True American Patriot!
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Hook, line, sinker, spool of line and the rod, butt-end first.

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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
Oldpool
Posts: 873
Incept: 2010-06-23
Silver
LI NY
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However he (the Emperor) has no clothes.

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Liberty, Comrade!
Genesis
Posts: 130662
Incept: 2007-06-26
Admin A True American Patriot!
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... and a tiny little weenie.

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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
Flaps10
Posts: 5144
Incept: 2008-10-17
Silver
seattle
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Quote:
He possessed glamor, looks, star appeal, intelligence, the best education


Which has exactly what do with being an effective leader?

I'm not saying Romney is morally bankrupt, but he's been "allowed" to accept the nomination by a good old boys club.

Wear out the knees on your three piece suit and get elected. That's our current system, run by sociopath lawyers.

Voting for the lesser of two evils is still voting for evil.

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"Better to die on your feet than live on your knees"
Morla
Posts: 815
Incept: 2009-11-09
Green
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Mgpacher wrote..
Romney possesses every quality of virtue lacking in Obama.
Evidence? At first glance that looks like a pretty wild claim..

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Fear of govt IS the government.. Statism is a pack of unbacked threats; If govt gets out of control, ignore it and go about life as you see fit. Where's your crown, King Nothing?
Asimov
Posts: 103848
Incept: 2007-08-26
Gold
East Tennessee Eastern Time
Online
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Considering neither have any virtue, I guess it's technically correct.

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It's justifiably immoral to deal morally with an immoral entity.
If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente.
Mgpacher
Posts: 141
Incept: 2011-03-03

Indiana
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Wow! Lots of name-calling and smart-ass comments. Have fun guys.
Genesis
Posts: 130662
Incept: 2007-06-26
Admin A True American Patriot!
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Right, we should not require those interviewing for a law enforcement job (Executive is where this rests) to put their marker on the line as to their position on, well, law enforcement.

You vote for a Sheriff based on his haircut, right?

And you hire cops based on whether they're cute? Or whether they have a big penis? Or whether they speak good English?

Whether they believe in enforcing the law isn't a qualification, right?

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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?

Lowbeyond
Posts: 16864
Incept: 2008-02-11
Green A True American Patriot!
CO aka West NJ/East CA
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Mgpacher is a perfect example of your standard kool-aid drinking voting idiot.

Get your flag ready in Nov Mgpacher ! Practice waving it.

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Maybe it was a birdy bread-bomber from the future?!
Brian_cali
Posts: 182
Incept: 2011-10-22
Green
San Francisco
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Quote:
All we can hope is that Romney is a good man and will do the right thing after he is elected.


Not sure what's funnier -- the idea of Romney being a "good man" or the idea of Romney winning the election.
Etz
Posts: 13888
Incept: 2007-06-26
Silver
LA
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Obama, Holder, Geithner.

You'd have to look real hard to assemble a more corrupt trio.

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Legal chicanery and beneficent darkness are the banker's stoutest allies - F.Pecora.

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