Replies to post #483276 on Tornado Alley (PROG)

[janice shell]

Tell it to the Norwegians.

[fuagf]

B402, Every time a idiot part of me thinks umm, maybe he isn't as bad as he appears
you, thank you, slam the door in that idiot part of me's face. Thank you.

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"What and who started off the the out sourcing -

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INSERT: stop .. ok, about outsourcing, which. B402. sees as happening because Dems 'got out of the way.' Little to do with Republicans. See:

B402, Your link is about outsourcing. That's capitalism, not politics. Republican policies favor business and CEOs outsource.
Well, Ive posted credible sources to this, and here is AI saying the same, even down to political discontent....
I'd say the working class has credible reasons for wanting anything different than what dems have to offer......I don't think its a matter of conspiracy theories.....More later
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174577083
In the UK the conservatives are in political trouble. Why is that do you think.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174577377

of American industry and the global race to the bottom......Nafta,...

B402, Pretty sure we've been down the Clinton/NAFTA road before too. Yet you just repeat your it's the dems role - roll.
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taken up by Clinton and pushed through for a political win.......Been hearing that sucking sound perot sp oke of ever since...Clinton also started dems taking corporate cash, remember soft money....Now Friedman's Shareholder Theory runs unabated haven taken about 50 trillion dollars from the working and middle and given to the rich, which still is on going...https://time.com/5888024/50-trillion-income-inequality-america/

But hey, now you have all the new tech in your dem cities like San Fran and you represent the rich.....So dems are doing ok, just not the working and middle class now........Now you flood the country with cheap labor and call anyone who disagrees with you a bigot, lol....You've just about given the states back.

But you'll deny it, probably give some think tank answers,,,Anyhoot, why should you dems care, You are now good and unscrupulous business people, just like the ones you used to fight against ;)

Here are your think tank talking points and the map you've created to keep that cheap labor coming in, since outsourcing didn't give enough profit...Dems do love cheap labor, wherever they can find it...

So, its simple really, but that's just a taste....
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B402, the link of yours is a good one. What i don't understand is, why would a guy who
claims to be a political independent post all that stuff above while posting a link like that.

Why not just post the link, it would go well with say heaps here. Say:

Why Only One Top Banker Went to Jail for the Financial Crisis
By JESSE EISINGER APRIL 30, 2014
[...]
In a matter of months, the markets plummeted in a financial crisis that made Enron look like small-time pilfering. And as tens of millions of Americans lost their jobs or homes, an inchoate but palpable demand for justice — for a crackdown — emerged. Breuer may have come with the right pedigree, but he now faced troubles that hurt as much as the debacles of Arthur Andersen and KPMG, or the retreat from the Thompson memo: austerity. The department faced periodic hiring freezes. The F.B.I., which assigned dozens of agents to Enron, had shifted resources to terrorism. The Postal Service wound down an elite unit that had specialized in complex financial investigations. President Obama’s Fraud Enforcement and Recovery Act, which was designed to give hundreds of millions to prosecute financial criminals, was able to deliver only $65 million in 2010 and 2011. Prosecutors reporting to Breuer proposed setting up a mortgage-fraud initiative, a “Prosecutorial Strike Force,” as one July 2009 memo put it, but the Justice Department dithered. Finally it set up the Financial Fraud Enforcement Task Force, an enormous coordinating committee with essentially no investigative operation. One former Justice Department official derided it as “the turtle.”

Resources aside, the erosion of the department’s actual trial skills would soon become apparent. In November 2009, the U.S. attorney’s office in Brooklyn lost the first criminal case of the crisis against two Bear Stearns executives accused of misleading investors. The prosecutors rushed into trial, failing to prepare for the exculpatory emails uncovered by the defense team. After two days, the jury acquitted the two money managers. “For sure,” one former federal prosecutor told me, “it put a chill” on investigations. “Politicos care about winning and losing.”

The fear first wrought by the Andersen case, meanwhile, ossified around financial firms. In early 2009, the Obama administration deliberated over serious tax misconduct by UBS, the Swiss bank, but top Treasury and Justice department officials worried about the effects criminal charges could have on the financial system. UBS settled with the government. Breuer had another shot, in 2012, when the department was moving toward a resolution of a six-year investigation into HSBC, which had become the preferred bank for Mexican and Colombian drug cartels and conducted transactions with countries under American sanctions, including Iran and Libya. Breuer surveyed Washington and London regulators and policy hands and sought assurance that the system could weather an indictment. A top Treasury Department official told Breuer, in carefully couched language, that an indictment could cause broader problems in the financial system. Breuer even went as far as discussing whether banks were too big to indict with H. Rodgin Cohen, a partner at Sullivan & Cromwell, who was representing HSBC in his very own case. Cohen told Breuer that while the Justice Department can’t have a rule not to indict a large bank, prosecutors should, well, take into account how the target has cooperated and what changes it has made to fix the problems. Of course, HSBC happened to have taken those very measures. The Justice Department blinked again. That December, the bank was fined $650 million and forfeited almost $1.3 billion in profits. No one went to jail.

It would be easy to blame the Justice Department’s ineptitude on past mistakes alone. But again, the very ambitions of its prosecutors played a prominent role. Top governmental lawyers generally don’t want to spend their entire careers in the public sector. Many want to score marquee victories and avoid mistakes and eventually leave for prominent corporate firms with starting salaries at 10 times what they make at the Department of Justice. According to numerous former criminal-division employees, Breuer almost immediately signaled his interest in bigger things. In October 2009, Steven Fagell, his deputy chief of staff and former Covington colleague, sent an email to the division. “Do you like giving toasts? Do you think it should have been you accepting the writing Emmy for ‘30 Rock?’ ” Fagell wrote. “If so, we need your wit, smarts and gift for the written word! We’re putting together a speechwriting team for the assistant attorney general.” Prosecutors developing cases against Mexican drug cartels and Al Qaeda members found it more than a little tone deaf. (Fagell says the email request was intended “both to foster internal morale and to send a message of deterrence to the public.”)

According to numerous sources from the Justice Department, the Breu Crew instilled a careerist culture that was fearful of sullying its reputation by losing cases. Kathy Ruemmler, who worked on the Enron task force and later became Obama’s counsel, would needle Breuer: “How many cases are you dismissing this week?” Later Ruemmler was upset when the Justice Department decided against retrying a case against Merrill Lynch executives who helped Enron boost its earnings with an infamous transaction involving a Nigerian barge. (Breuer was recused from the barge case.) A former prosecutor at the Justice Department in Washington concurred that Breuer’s staff didn’t “want to pursue cases where they feel the person is 100 percent guilty but they are only 70 percent sure they can win at trial.” Prosecutors contrasted that with previous eras, some fondly recalling a line favored by James Comey, who served as one of George W. Bush’s deputy attorneys general and emphasized the need for “real-time” white-collar prosecutions. “We have a name for prosecutors who have never lost — the ‘Chicken(expletive) Club.’ ” (In a statement, Breuer said he had a strong record of white-collar enforcement: “Where there were cases to bring, we brought them, and where there were not, we took a pass.”)

But given that Washington rejected a unified national task force, these career motivations would prove particularly relevant. When Preet Bharara, former chief counsel for Senator Charles E. Schumer, arrived in the Southern District of New York in 2009, he had a decision to make. There were cases arising from the financial crisis, which could take years to investigate and, after all that, never make it to a jury. Or there were insider-trading cases, which were far more straightforward. Someone improperly learns nonpublic details about a company and makes a killing on the stock market. “You do have a tough choice,” one former Southern District prosecutor says. “Am I going to chase after crimes I don’t know were committed and don’t know who by, or do we go after crimes we do know were committed and by whom?”

Bharara focused on insider trading, and his office has amassed a stunning 80-0 record of prosecutions, locking up the hedge-fund titan Raj Rajaratnam and Rajat Gupta, the former managing director of McKinsey & Company and a director at Goldman Sachs. They took down eight former employees of Steven A. Cohen’s notorious SAC Capital hedge fund. (Notably, however, they haven’t been able to bring charges against the man himself.) Time magazine put Bharara on its cover, with the bold headline: “This Man Is Busting Wall Street.” Yet Bharara didn’t touch Wall Street’s real players — top bankers. The former prosecutor was almost sheepish about the insider-trading cases when I spoke to him: “They made our careers, but they don’t change the world.” In fact, several former prosecutors in the office told me that going after bankers was never a real priority. “The government failed,” another former prosecutor said. “We didn’t do what we needed to do.”

As a result, Bharara and his team neglected seemingly winnable cases in their own backyard, including one particularly big one. After Lehman imploded, the Justice Department’s Washington headquarters split responsibility investigating what the bank’s executives knew among three U.S. attorney’s offices: the Southern and Eastern districts of New York and the New Jersey operation. But for all of that manpower, to those closest to the Lehman probe, the government’s case was seemingly conducted by one lawyer, Bonnie Jonas, an assistant U.S. attorney for the Southern District. She would make pilgrimages to the offices of Jenner & Block, a prestigious law firm that had been assigned to investigate the Lehman bankruptcy. Jonas would pore over the 40 million-odd pages of Lehman documents the firm assembled. (The Southern District says it devoted multiple people and ample resources to the investigation.)

November, 2015 - https://investorshub.advfn.com/boards/read_msg.aspx?message_id=118767106&txt2find=Gupta

It's always good to read stuff again. My question is why did you not post your article without comment ever on the Republican's role.

Ok, because it's all just because 'the dems got out of the way." Might slip you one of our old NAFTA exchanges sometime again too. Maybe.

You have a choice between two

[janice shell]

You have something against hispanics? How do you feel about blacks? Asians?

[SoxFan]

you're so full of shit my brain hurts from just reading some of your posts. Raygun started it with some of his tax breaks while it accelerated under HW Bush. But jobs were going to China instead as they were the low cost option. Walmart was practically forcing suppliers to move to China. Rubbermaid said no and within two years practically went out of business as Walmart got a company in China to make alternatives.

[sortagreen]

Shut your suck, and stop you're whining... That's first.

Second. It is kind of weird how we have more Hispanic population in the states with the Spanish names though, huh? I wonder how that happened.

I was just telling the wife, we should chuck our middle class lifestyle and move to the southwest. I could pick beans and watermelons, and she could clean hotel rooms... but darn it. The damn Mexicans had taken all the jobs. I couldn't even get a job slaughtering chickens or hogs.

Yeah. You're not a bigot.