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Gen. Petraeus: Too Big to Jail
Gen. Petraeus: Too Big to Jail
From the Archive: Retired Gen. David Petraeus confessed on Thursday to giving sensitive government secrets to his mistress and then lying about it to the FBI, but will get no jail time, only two years probation and a fine, showing that he is too big to jail, as ex -CIA analyst Ray McGovern predicted in March.
By Ray McGovern (Originally published on March 5, 2015)
The leniency shown former CIA Director (and retired General) David Petraeus by the Justice Department in sparing him prison time for the serious crimes that he has committed puts him in the same preferential, immune-from-incarceration category as those running the financial institutions of Wall Street, where, incidentally, Petraeus now makes millions. By contrast, “lesser” folks – and particularly the brave men and women who disclose government crimes – get to serve time, even decades, in jail.
Petraeus is now a partner at KKR, a firm specializing in large leveraged buyouts, and his hand-slap guilty plea to a misdemeanor for mishandling government secrets should not interfere with his continued service at the firm. KKR’s founders originally worked at Bear Stearns, the institution that failed in early 2008 at the beginning of the meltdown of the investment banking industry later that year.
Despite manifestly corrupt practices like those of subprime mortgage lenders, none of those responsible went to jail after the 2008-09 financial collapse which cost millions of Americans their jobs and homes. The bailed-out banks were judged “too big to fail” and the bankers “too big to jail.”
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Justice Department Rolls Out An Early Form Of Capital Controls In America
Justice Department Rolls Out An Early Form Of Capital Controls In America
Something stunning took place earlier this week, and it quietly snuck by, unnoticed by anyone as the “all important” FOMC meeting was looming. That something could have been taken straight out of the playbook of either Cyprus, or Greece, or the USSR “evil empire”, or all three.
This is how the WSJ explained it:
The U.S. Justice Department’s criminal head said banks may need to go beyond filing suspicious activity reports when they encounter a risky customer“The vast majority of financial institutions file suspicious activity reports when they suspect that an account is connected to nefarious activity,” said assistant attorney general Leslie Caldwell in a Monday speech, according to prepared remarks. “But, in appropriate cases, we encourage those institutions to consider whether to take more action: specifically, to alert law enforcement authorities about the problem.”The remarks indicate that banks may be expected to do more than just file SARs, a responsibility that itself can be expensive and time-consuming.
Some banks already have close relationships with law enforcement, said Kevin Rosenberg, chair of Goldberg Lowenstein & Weatherwax LLP’s government investigation and white collar litigation group. Ms. Caldwell’s remarks “speak to moving forward in a more collaborative way,” said Mr. Rosenberg.
A tip-off from a bank about a suspicious customer could lead law enforcement to seize funds or start an investigation, Ms. Caldwell said.
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Talking to James Risen About “Pay Any Price,” the War on Terror and Press Freedoms – The Intercept
Talking to James Risen About “Pay Any Price,” the War on Terror and Press Freedoms – The Intercept.
Jim Risen, who won the Pulitzer Prize in 2005 for exposing the NSA warrantless eavesdropping program, has long been one of the nation’s most aggressive and adversarial investigative journalists. Over the past several years, he has received at least as much attention for being threatened with prison by the Obama Justice Department (ostensibly) for refusing to reveal the source of one of his stories, a persecution that, in reality, is almost certainly the vindictive by-product of the U.S. Government’s anger over his NSA reporting.
He has published a new book on the War on Terror entitled “Pay Any Price: Greed, Power and Endless War.” There have been lots of critiques of the War on Terror on its own terms, but Risen’s is one of the first to offer large amounts of original reporting on what is almost certainly the most overlooked aspect of this war: the role corporate profiteering plays in ensuring its endless continuation, and how the beneficiaries use rank fear-mongering to sustain it.
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