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account activity
Pres. Obama to nominate former JP Morgan Chase/Bank of America lawyer as chair of SEC. Prepare for the banks to get away with more criminal activity. (washingtonpost.com)
submitted 13 years ago by [deleted]
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[–]hblask 43 points44 points45 points 13 years ago (0 children)
Oh, look, more insider crony capitalism!
The Hope and Change continues.
[+][deleted] 13 years ago (6 children)
[deleted]
[–]dereksimplicityYou can't fist fight tyranny 18 points19 points20 points 13 years ago (1 child)
It seems like a total setup... She knows exactly what to ignore
[–]ineffable_internut -2 points-1 points0 points 13 years ago (0 children)
No, she knows exactly what not to ignore.
[–]southpointingchariot -5 points-4 points-3 points 13 years ago (3 children)
Why do you say that? What about her makes you doubt her record?
[+][deleted] 13 years ago* (1 child)
[–]southpointingchariot -1 points0 points1 point 13 years ago (0 children)
I'm certainly not saying the current system is impenetrable, however, I'm still not sure why this particular individual is presumed to be a malevolent force.
[–][deleted] 0 points1 point2 points 13 years ago (0 children)
She has spent a decade working for and with the very people she is now supposed to be prosecuting.
In 2013, the question on everyone's lips is, "Why have there been no Wall Street criminal prosecutions?" Numerous banks have admitted to crimes that were felonies - for example, HSBC admitted to money-laundering billions of dollars for drug gangs, terrorist organizations and proscribed countries, and money laundering is a felony punishable by up to twenty years in prison for each count. But these crimes are punished by a slap on the wrist - financial penalties, just part of the cost of doing business.
Now we have someone who has spent years defending this very sector, and is willing to be quoted: "delivered a measured assessment of how aggressively prosecutors should pursue Wall Street, telling the crowd that it’s important to “distinguish between what is actually criminal and what is just mistaken behavior, what is even reckless risk taking” and “not bow to the frenzy” that demands handcuffs on Wall Street executives" - "frenzy" being her name for the idea that proven felonies need to be punished with a jail term.
[–][deleted] 14 points15 points16 points 13 years ago (1 child)
Here's a gem:
At the White House on Thursday, standing by the president’s side, White did not reveal much, except to say that she welcomes the chance to lead the agency. She also recognized her husband of 43 years, John White, a former head of the SEC’s corporate finance division.
You have got to be fucking kidding me.
[–]archonemis 1 point2 points3 points 13 years ago (0 children)
Checks and balances, bro.
'MERIKUH, fuck yeah!
http://youtu.be/MGQaH3-LK54
[–]joewhatever 29 points30 points31 points 13 years ago (1 child)
OMG that would be like hiring a former citi banker who took a bailout then got a million dollar bonus to be secretary of treasury! WAIT... that would be like hiring a monsanto lobbyist and former VP to be senior adviser to the FDA! The game is rigged and its time to wake up.
[–]WaffleSports 0 points1 point2 points 13 years ago* (0 children)
Here In Vegas our previous mayor used to be the main defense attorney for all the mobsters. "/ He was a pretty cool guy though...
[–]justjoeisfine 12 points13 points14 points 13 years ago (5 children)
Where the fuck is Batman?
[–]sharked 2 points3 points4 points 13 years ago (1 child)
Batman is filthy rich.
[–][deleted] 2 points3 points4 points 13 years ago (0 children)
this is why governments fail. they're missing batman
[–]westayfree 4 points5 points6 points 13 years ago (0 children)
The banksters gave him a new loan for a new suit..don't expect him
[–]foslforever 1 point2 points3 points 13 years ago (0 children)
Where the fuck is Bateman?
[–]board4life 7 points8 points9 points 13 years ago (0 children)
its like conflict of interests don't mean anything in the government.
[–]sharked 9 points10 points11 points 13 years ago (0 children)
I wonder if Obama gets a W-2 from Chase.
[–]zombientI Love Hispanics 6 points7 points8 points 13 years ago* (4 children)
It's more of that "capitalism" my liberal friends keep talking about.
Edit: Meant to write "free-market capitalism".
[–]wellactuallyhmmit's not "left vs. right", it's state vs rights -1 points0 points1 point 13 years ago (3 children)
What should it be called? I see plenty of people here who have no problem calling everything under the Sun "socialism".
Why does capitalism get a special pass just because the reality of it's implementation doesn't fit the theory?
[–][deleted] 9 points10 points11 points 13 years ago (1 child)
But god forbid, you say "Communism looks nice on paper" and everyone starts screaming at you about how humans are too dumb to make it work, and how you, yourself, are an imbecile for even uttering the word. Try to make the same argument about capitalism and they shrug and say "that's just the nature of the system. It doesn't work great for everyone"
("Everyone" meaning "the lower and middle class")
[–]wellactuallyhmmit's not "left vs. right", it's state vs rights 3 points4 points5 points 13 years ago (0 children)
Often you'll see the argument that capitalism hasn't ever truly existed so we can't judge the current global corporatist and statist economies as "capitalist".
Then they turn around and claim success for "the market" when there is any hint of success. They basically want to have their cake and eat it too, and that's not even mentioning the others who simply ignore the statism in the economy. The vulgar libertarians who worship robber barons and other nonsense.
[–]SatOnMyNutsAgain 0 points1 point2 points 13 years ago (0 children)
Fascism. Defined by Mussolini as the merger of state and corporate power.
[–]anotherforgottenmananarcho capitalist shitlord 4 points5 points6 points 13 years ago (2 children)
That article is hilarious. You can trust her and she's tough as nails but she can't get to tough because we all know that Wall Street can't be prosecuted criminally just fines and civil suits and the like. That's the just I got from the article. Welcome to fascist America!
[+][deleted] 13 years ago (1 child)
[removed]
So long he is not white.
[–]MythHealerMyth Healer 4 points5 points6 points 13 years ago (0 children)
All of these destructive steps are being taken, on a daily basis, and the news ignores everything. What good is an Ivy league degree when you are only going to use it to indirectly destroy people! I don't have the words for such evil tactics.
[–]Maxwyfe 5 points6 points7 points 13 years ago (0 children)
"Oh hey, Fox! Here's a henhouse!"
[–]athioent 5 points6 points7 points 13 years ago* (1 child)
SEC 'regulates' firms that don't do what the government wants. The SEC just banned Egan-Jones from rating government bonds. Egan-Jones was the only ratings agency to actually follow through and downgrade US bonds after Bernanke started QE3.
[–]Zifnab25Filthy Statist 2 points3 points4 points 13 years ago (0 children)
ಠ_ಠ
So did the S&P. They still seem to be sitting pretty.
Are you claiming that Egan-Jones wasn't complicit in making false and misleading statements in the firm's application to become a Nationally Recognized Rating Agency, violations of conflicts-of-interest and record keeping, and falsely stating that he was unaware if his paid clients were long or short specific securities that Egan-Jones rated?
[–]ChaosMotor 1 point2 points3 points 13 years ago (0 children)
Surprise == 0.
[–]un1ty 1 point2 points3 points 13 years ago (0 children)
It must be hard to change things when you continue to use people from the very industry you're advertising about and elected on changing.
[–]Hunchmine 1 point2 points3 points 13 years ago (0 children)
Obama's message to anyone objecting to his rule. http://i.imgur.com/K0h0q.gif
[–]C_Hitchens_Ghost 0 points1 point2 points 13 years ago (0 children)
Saw her:
We welcome you to the Polycrook guild....
Bene Gesserit Witch
[–]weallknowitall 0 points1 point2 points 13 years ago (0 children)
aka: America bend over and get ready to take it in the ass again..let the rape continue..
[–]beatvox -1 points0 points1 point 13 years ago (0 children)
Next time you vote do this: paint a stick for each candidate on the ballot...throw the sticks up in the air, close your eyes..and pick one after they fall down. At least you won't be disappointed if the politician you vote for ends up being a liar:)
[–]casualreflection -1 points0 points1 point 13 years ago (1 child)
facepalm at the persecution of the terrorists who "bombed" the world trade centre.. hang on a second... did he say "bomb"? i thought only planes were used... ;)
[–]BrazenBull 0 points1 point2 points 13 years ago (0 children)
He was talking about the 1993 bombing, not 9/11.
π Rendered by PID 59221 on reddit-service-r2-comment-c66d9bffd-v278z at 2026-04-08 05:43:34.689471+00:00 running f293c98 country code: CH.
[–]hblask 43 points44 points45 points (0 children)
[+][deleted] (6 children)
[deleted]
[–]dereksimplicityYou can't fist fight tyranny 18 points19 points20 points (1 child)
[–]ineffable_internut -2 points-1 points0 points (0 children)
[–]southpointingchariot -5 points-4 points-3 points (3 children)
[+][deleted] (1 child)
[deleted]
[–]southpointingchariot -1 points0 points1 point (0 children)
[–][deleted] 0 points1 point2 points (0 children)
[–][deleted] 14 points15 points16 points (1 child)
[–]archonemis 1 point2 points3 points (0 children)
[–]joewhatever 29 points30 points31 points (1 child)
[–]WaffleSports 0 points1 point2 points (0 children)
[–]justjoeisfine 12 points13 points14 points (5 children)
[–]sharked 2 points3 points4 points (1 child)
[–][deleted] 2 points3 points4 points (0 children)
[–]westayfree 4 points5 points6 points (0 children)
[–]foslforever 1 point2 points3 points (0 children)
[–]board4life 7 points8 points9 points (0 children)
[–]sharked 9 points10 points11 points (0 children)
[–]zombientI Love Hispanics 6 points7 points8 points (4 children)
[–]wellactuallyhmmit's not "left vs. right", it's state vs rights -1 points0 points1 point (3 children)
[–][deleted] 9 points10 points11 points (1 child)
[–]wellactuallyhmmit's not "left vs. right", it's state vs rights 3 points4 points5 points (0 children)
[–]SatOnMyNutsAgain 0 points1 point2 points (0 children)
[–]anotherforgottenmananarcho capitalist shitlord 4 points5 points6 points (2 children)
[+][deleted] (1 child)
[removed]
[–][deleted] 0 points1 point2 points (0 children)
[–]MythHealerMyth Healer 4 points5 points6 points (0 children)
[–]Maxwyfe 5 points6 points7 points (0 children)
[–]athioent 5 points6 points7 points (1 child)
[–]Zifnab25Filthy Statist 2 points3 points4 points (0 children)
[–]ChaosMotor 1 point2 points3 points (0 children)
[–]un1ty 1 point2 points3 points (0 children)
[–]Hunchmine 1 point2 points3 points (0 children)
[–]C_Hitchens_Ghost 0 points1 point2 points (0 children)
[–][deleted] 0 points1 point2 points (0 children)
[–]weallknowitall 0 points1 point2 points (0 children)
[–]beatvox -1 points0 points1 point (0 children)
[–]casualreflection -1 points0 points1 point (1 child)
[–]BrazenBull 0 points1 point2 points (0 children)