The big banks have committed massive crimes and manipulated virtually every market.
The failure to prosecute fraud is preventing a sustainable economic recovery.
As such, prosecuting Wall Street fraud is arguably an issue of national security.
The government is collecting everything ... and spying on just about everything we do.
We are passionately opposed to mass surveillance. But - if the government is doing so - why can't it gather info on the crimes of the big banks ... so we can prosecute them?
You might assume that spying is only used to stop terrorism.
But the government has - in fact - often invoked national security powers in regards to the financial system. For example, Business Week reported on May 23, 2006:
President George W. Bush has bestowed on his intelligence czar, John Negroponte, broad authority, in the name of national security, to excuse publicly traded companies from their usual accounting and securities-disclosure obligations.Reuters noted in 2010:
U.S. securities regulators originally treated the New York Federal Reserve's bid to keep secret many of the details of the American International Group bailout like a request to protect matters of national security, according to emails obtained by Reuters.This is especially true given that some of the biggest banks have been caught actively assisting terrorists.
Unfortunately, spying is being used to crush dissent ... and specifically to protect the banks and target those who are trying to hold the banks accountable.
Reader Comments
And how smart would it be to 'bite the hand that feeds you?'
This government is the best that the banksters money could buy.
It is doing exactly what they want it to do, and when the banksters' masters desire a command reversal, the order will be sent to the chiefs.
Surveillance of banksters possible, but only for John Nash's Game Theory, since they might not - possibly cannot trust each other.
It is within reason that if in a rare case a bankster turns out not to be trusted, is dealt with silently / non-public way.
Currently however all banksters have only one sandbox = Earth. So have to live in the shared space & play in their own area for cabal interests.
Q: Why doesn't that serial rapist stalker killer use his dick to fuck himself and that butcher knife he's holding to cut his own throat?
A: The movie producer won't let him, it would be the end of the show as we know it.
What a shame. All this advanced civilized notions are built on competition (which will supposedly save us all), survival of the fittest etc... I guess we have not changed much in the millions of years of evolution. The fear of natural predators has been replaced with fear of each other by our own acceptance of the BS fed to us by those in power and access... we do not need new phones every year, the clothes we have should last more than a year. the cars we drive do not need to be replaced for a new one because of some new gadgets......you get the idea.
If they have all this surveillance capability, why can't they protect the internet from phishers, Identity Thieves, and rogue ware?
Instead they claim to go after a handful of Ideological Terrorist while we waste millions of hours trying to keep our computers clean.
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It's all been planned.