Home » Posts tagged '2008 economic collapse'
Tag Archives: 2008 economic collapse
Civilization and its Rise and Fall
QUESTION: Concerning 911, you said the people in Guantanamo Bay are innocent so they never bring them to trial. Was that the break which set in motion the decline of our civilization?
KJ
ANSWER: That is certainly possible. Ahmed Khalfan Ghailani was the terrorist they put on trial in New York and was supposed to be their best case. On November 17, 2010, a US jury in New York found him guilty of one count of conspiracy but acquitted him of 284 other charges including all murder counts. Basically, the jury found he may have “agreed” with the bombing of the US embassies in Kenya and Tanzania, but that he did NOT participate himself. Nevertheless, he was sentenced to life imprisonment by Judge Lewis Kaplan for the one count when he was acquitted of any murders. Under US law, the judge has “discretion” to sentence you to whatever he desires, for he is not nullifying the jury’s decision, but “increas[ing] his sentence because of the manner in which he committed the crime of conviction.”
They put him on trial in NYC, assuming the people would give him the death penalty. When they acquitted him of 284 charges, they could no longer put people on trial, for he was their BEST case. The others have languished in prison with no trial because they are not guilty. If they had the evidence of anything, they would have put them on trial for the publicity. When the government lost 284 counts, they would not dare put anyone else on trial and face a jury who might acquit them.
…click on the above link to read the rest of the article…
Iceland’s Bankers Face 74 Years in Prison While US Banks Profit After Your Bailout
Iceland’s Bankers Face 74 Years in Prison While US Banks Profit After Your Bailout
You could ice skate in Hell sooner than see the United States follow in Iceland’s footsteps with this move: the 26th banker was just sentenced to prison for a combined 74 years between them — each of them jailed for their roles in the 2008 economic collapse.
Five top bankers from Iceland’s two largest banks — Landsbankinn and Kaupþing — were found guilty of embezzlement, market manipulation, and breach of fiduciary duties. Though the country’s maximum penalty for financial crimes currently stands at six years, the Supreme Court is currently hearing arguments to extend the limit. Most of those convicted have so far been sentenced to between two and five years.
Do those sentences sound light to you? Perhaps. Until you consider the curious method of punishment the U.S. employed for its thieving bankers.
While Iceland allowed its government to take total financial control when the 2008 crisis took hold, American bankers — in likely the only bail handout given to criminals of mass destruction — received $700 billion in Troubled Asset Relief Program (TARP) funds.
Thank you, Congress American taxpayer.
Iceland certainly didn’t make it through the crisis unscathed. It repaid the IMF (the final $332 million owed was paid in full, ahead of schedule, earlier this month) and other lenders for funds needed to prevent a complete financial meltdown nearly eight years ago. Icelandic bankers are still being held to task for their illegal market legerdemain that nearly brought down the financial planet.
In contrast, not one banker in America has ever (nor will ever?) be held responsible for their criminal acts. Instead, essentially in addition to the $700 billion windfall — Big Banks are now raking in over $160 billion in profit every year.
Iceland’s president, Olafur Ragnar Grimmson, described how his country not only weathered the storm, but has been labeled the first European country to fully recover from the crisis:
…click on the above link to read the rest of the article…