CLICK HERE LARGE PRINT EDITION: ALL IN THE FAMILY III « Culture of Life News 2
A huge percentage of the US media is mostly owned, run and often written by members of the Jewish community. The Madoff affair has exposed this community to a lot of obvious scrutiny and it is equally obvious that the community wants to end this scrutiny. In Israel, where the Jewish community can chat with each other openly, they are worried that the world might notice the wealth accumulated in this story and how it was abused and are worried about anti-semitism growing.
So the selection of Ms. Schapiro, who is one of the ‘family’ is greeted with relief and joy in the Jewish financial community. She will not expose them to any more scrutiny and they collectively hope they can find some way to bury the mess they made with interlayered swindles and wretched, obvious schemes and scams. First, here is an email I got that is very much related to all this. I deleted some of the personal business in it to protect the writer, who is Jewish:
So I get a call early this morning from my dad, waking me up from a deep sleep.
“Do you know who Mary Schapiro is?” he asks me
“Yeah. Of course I know who she is. What about her?”
“Obama has picked her to run the SEC.”
“Oh shit! Mary Schapiro! She’s going to head the SEC? He couldn’t have found a person more corrupt than her! Oh no!”
My voice still sounded groggy and my father said he’d call later, apologizing for waking me up. But this news left me wide awake. No, going back to sleep wasn’t an option for me.
Mary Schapiro was in the background of the Dispute Resolution forum from the time I started in 1998. She had recently left the SEC to head up NASD’s Regulatory Division. At the time Schapiro took over, Deborah Massuci had been the Director of Arbitration for NASD Dispute Resolution for about 18 years. She had fully expected to become the President of Dispute Resolution but it didn’t happen that way.
Schapiro instead named Linda D. Fienberg, a colleague from the SEC, as President of DR. Fienberg forced Massuci out. When I came to temp for them in April 1998, there was no Director of Arbitration. Massuci was gone and nobody had been named. In December 1998, after I had already been hired full-time, George Friedman was hired as Director. He had previously been in charge of the American Arbitration Association. I came in at just about the same time the old-guard of NASD Regulation was being replaced by an all Zionist new-guard.
(An aside – a leftover of the old-guard was Executive Assistant, Eleanor LoBianco Benrubi. Eleanor was a sex goddess well past her prime who was forever cursed/blessed to look in the mirror and see a 20-year-old beauty. Eleanor was a close personal friend of many infamous mobsters and was very indiscrete about these associations. I personally had a “six-degrees of separation” type connection to infamous mobster, John Gotti, when my father advised his terrified then-friend Romual Piecyk, to save his life against constant threats – including tampering with his brakes – by urging him to state under oath that he could not identify Gotti as the man who roughed him and stole money from him in a parking dispute. This story would go down in history as one of the incidents that made John Gotti Teh Totally Awesome Mafia Don! and a legend among thugs. Living in Mafia cities like NY and NJ, we’re all connected to them in some way. Some little boys get to dress up and play real-life gangster as they pull their triggers for them; some play the roles of their hanger-ons who grovel at their feet while basking in their reflected glory; and others, those of us at the lowest level, cower before them in terror and swear our eternal silence in return for allowing us to keep our little lives.)
I should make clear that I didn’t work directly for Mary Schapiro. I did a lot of work for Fienberg who is one of Schapiro’s direct subordinates. I could tell you some things about Fienberg – she was a mean-spirited, senile old coot. She was famous for nodding out during important industry meetings – she would even snore loudly until she was poked awake!
All I really know about Mary Schapiro is that the organization became even more corrupt during her tenure at the top. She forced through an unpopular consolidation with the NYSE. The small firms were very opposed to the merger and they kept trying to sue to stop it from happening, but the courts would throw out their cases. I also noticed that when she took over, the entire New York Human Resources Department got replaced with new super-corrupt HR department that was committed to crushing employee rights and thwarting those pesky labor laws at every turn.
I also think she strengthened the hand of the Office of the Ombudsman. After she took over, employees were always being steered to bring their complaints to them. Since either 2005 or 2006, ten DR employees, including me, followed this advice. One, a manager who worked for Dispute Resolution for over 25 years, took a demotion and was transferred to another department. Another one is currently recovering from a work-related disability and is on Workman’s Compensation (they wanted to fire her, but she’s too clever in her knowledge of the law, so they just told the other employees to never speak with her because she was a “troublemaker”). The rest of us were fired or forced to quit. I’m aware that two young woman in low-level administrative positions who had been with the organization for many years, filed a complaint with the Ombudsman and immediately had their timesheets pored over by DR management, going back for years, until they could find a discrepancy in their time reporting that would warrant their firings. The Office of the Ombudsman was FINRA’s version of the roach motel – roaches (a/k/a “employees”) checked in but we never checked out.
Mary Schapiro ran the joint like a dime store version of Stalin. All troublemakers would be dealt with. All traitors purged. The HR Department would find ways around the law and the Office of the Ombudsman would pretend to be a sympathetic ear while sending the little lambs off to their slaughter at the hands of their enraged supervisors. And Obama is appointing her to run the SEC? Now that’s change you CAN’T believe in!
The likely reason Gary Weiss saw fit to start his expose, Wall Street Versus America, with a story about an arbitration administered by the then NASD’s Dispute Resolution forum is because even by the corrupt standards of securities regulation, they are special. They are so brazen in their corruption, I suspect Mr. Weiss thought their wacky antics would be a good way to suck people into a story about the fixed game of regulation. Almost nobody talks about them, this is because securities arbitration isn’t a sexy topic. This serves them well, because as long as they stay out of the news, the only people who become painfully aware of their existence are the poor suckers who are robbed blind by their stock brokers and realize that they unwittingly signed away their Constitutional right to a court trial when they started their securities account. Mary Schapiro was behind this shadowy kangaroo court for years, and the thought of her being rewarded as the new top cop of the SEC should send chills down the spine of any American who still believes the Constitution is worth a damn!
In light of this depressing turn of events, I feel a renewed commitment to finding a way to be at least a tiny thorn in their side. FINRA is worth looking at more carefully, and I believe I can be helpful, even if it’s in a small way, because I know who they are – they were my “family” (the the Mafia sense of the word) for over ten years. And nobody understands the ways of the wicked better than family does.
Certainly, not all Jewish people are elated with this criminal business. Painting the entire community with a broad brush is racism. The Jewish people worked hard for civil rights in America. I warned them all, back when I was Mrs. Levy, that they should also have the Bill of Rights and civil rights in Palestine. And if they didn’t do this, they would lose their own civil rights, here in America, some hideous day. The level of dissension in the Jewish community in Israel is much stronger than here, by the way. There are many brave Jewish activists who risk life and limb to expose the crimes against the Palestinian people.
I call upon the Jewish community to fight the Mafia-type criminals, the smooth con artists who use the Jewish community as a castle out of which they operate. Just like the Italian community used to protect the Mafia with group silence whenever the authorities would try to figure out, what was going on. This is bad! So of course, the important story below doesn’t show up in America:
Mary Schapiro, Barack Obama’s choice to lead the Securities and Exchange Commission (SEC), previously appointed one of Bernard Madoff’s sons to a regulatory body that oversees American securities firms.
It has emerged that in 2001, Ms Schapiro, currently chief executive of the Financial Industry Regulatory Authority (Finra), employed Mark Madoff to serve on the board of the National Adjudicatory Council — the division that reviews disciplinary decisions made by Finra.
She knew this when Obama was told by his handler, Rahm Emanuel, to install her in this important office. The President isn’t even in office and his Jewish advisors are all increasingly involved in scandals. Since they are all members of what I call ‘The Jewish Mafia’, they are all complicit in joint criminal actions. Here is a shining example:
Rahm Emanuel, President-elect Obama’s chief of staff, had direct discussions with Illinois Gov. Rod Blagojevich about Obama’s vacant Senate seat, the Chicago Sun-Times reported.
Sources with knowledge of the conversations told the Sun- Times Emanuel spoke with the governor and pushed for the appointment of Valerie Jarrett in the days after the presidential election and asked that it be done by a certain date.
Just as Schapiro should have told Obama that she was entangled deep inside the web of the Madoff community, so Emanuel should have resigned when he got his own dick caught in the gears in Illinois. Like Caesar’s wife, he has to be ‘virtuous’. I greatly dislike this guy because he is a double agent and an AIPAC tool as well as an Israeli-Firster so I want him out of power.
He is probably the one who advised Obama to pick this compromised female tool. Now, he is destroying Obama before he even gets a chance to walk into the front door of the White House. Shame on him. And not only him! Here is Bloomberg News talking about Schapiro:
(Bloomberg) — Mary Schapiro has escaped the criticism that followed U.S. Securities and Exchange Commission Chairman Christopher Cox as subprime mortgage securities brought down investment banks and Bernard Madoffwas charged with a $50 billion fraud buffeting investors around the world.
The 53-year-old head of the Financial Industry Regulatory Authority, who was nominated yesterday by President-electBarack Obama to succeed Cox, earned a reputation for political independence during almost three decades in public service, David Martin, co-head of the corporate and securities practice at Washington-based Covington & Burling, said in an interview.
“You don’t survive in Washington for that many years by being colorful,” he said. “She is quite independent. She doesn’t bring much of any agenda other than sensible regulation.”
Schapiro, who joined the Commodity Futures Trading Commission after graduating from George Washington University Law School, will “crack down on the culture of greed and scheming” on Wall Street, Obama said announcing her nomination at a press conference in Chicago.
All immigrant groups should know that circling the wagons and protecting each other while committing crimes is not a very good idea. Especially Jewish immigrants. They know that there is the flaming danger of anti-semitism flaring up in other religious communities. So protecting criminals within their own community is suicidal. Bloomberg News is NOT carrying the explosive London Times story.
Schapiro Can’t Channel ‘Romper Room’ to Fix SEC: Susan Antilla
The U.S. president-elect said it all during a press conference yesterday announcing his choice to run the Securities and Exchange Commission:
The American public is frustrated that “there’s not a lot of adult supervision out there” when it comes to things political or financial.
As any haggard parent of a teenager can tell you — I’ve been one, so I know — whipping rule-breakers into shape is often best done by dictatorship, not democracy. The parent who seeks out the kids’ views when empty beer bottles are rolling around on the basement floor is the parent destined for a rap session at the local police station.
Wall Street’s beer bottles have been piling up in the basement so long that you can’t see out the windows. Yet we continue to consult with financial industry powers-that-be to get their thoughts about how the rules should work.
Schapiro, 53, has had a lifetime of experience in the financial industry’s version of the family rap session, better known as self-regulation. She was chairman of the U.S. Commodity Futures Trading Commission, and president, then vice chairman, of NASD Regulation, a predecessor to Finra.
Schapiro is one of the ‘romper room’ kiddies! She is the mom that gets drunk and then lets the children run amok. Note that Bloomberg is touting her, not tearing her down. Reporters should be examining this woman closely, not making up stories praising her! So I am immensely relieved that Bloomberg is examining her more closely.
Hundreds of Israelis who invested their money in the funds managed by Bernard Madoff and won’t have nice returns to look forward to anymore, may soon be required to report to the Israel Tax Authority on where they got their money from.
The trustee appointed by the court in New York to protect the investors’ money, Irving Picard, will likely reveal the complete list of investors in Madoff’s funds, as well as the amounts they put in over the years, and the Israeli taxman may take a serious interest in the information.
A number of quite worried clients have shown up at the doors of the best-known Israeli law firms specializing in tax law in the past few days asking for an urgent consultation. The fears that Picard will reveal the names and amounts, or be forced to reveal them as the result of a lawsuit, has caused the large number of requests.
“Already at this stage it is possible to say that large sums of money reached Madoff’s funds from Swiss banks and various tax havens,” said Dr. Avi Nov, a lawyer specializing in tax planning. “Usually the money there is not money that the owners are interested in reporting to the authorities.
“Here there was an excellent linkup of sophisticated investors who knew how to avoid paying taxes in Israel, and funds specializing in hiding their true purposes. Private investors in Israel always spoke about Madoff’s returns. European banks recommended investing with him and when they heard the success stories, they asked to increase their investment,” said Nov.
Even if the investors get back only a small part of their money from Madoff, the original sums and all profits still are taxable income, said attorney Jack Balanga.
Bloomberg hasn’t covered this story, either. As I note all the time, the Jewish community in Israel openly talk about things they hide, here. This is why I read the Jerusalem Post or Haaretz, for example. The tax cheating going on here is EPIDEMIC. And a lot of it passes through those Queen Elizabethan pirate coves. There is little to no call for shutting down these criminal island operations.
Yet they lie at the heart of the matter. Throughout history, Jewish financiers make inside deals with sovereigns whereby both get richer, playing these sorts of games. When things crash, the sovereign feeds the Jews to the enraged mobs who tear them apart. While the sovereign walks free. I would think, the Jewish community would learn that this game is very stupid and even suicidal. But the guys who do this seem unable to learn the lesson.
Instead, they claim this is due to anti-semitism. Self-examination is eliminated. Former follies are repeated. Here is yet another story Bloomberg news is ignoring:
(AP) — The fraud investigation of Wall Street money manager Bernard L. Madoff took unusual twists Wednesday as the U.S. attorney general removed himself from the criminal probe and the Securities and Exchange Commission looked into the relationship between Madoff’s niece and a former SEC attorney who reviewed Madoff’s business.
Now, our AG, Zionist torturer, Mukasey, is entangled! He should be ARRESTED. His violations of our great Constitution is more than enough reason to send him to the Hague to be tried for war crimes. He fainted recently while vigorously defending his unconstitutional activities. Yet, this clown is still in office. He is obviously falling apart. But like all the others, he is now very desperate to cling to power so he can control who is not punished by this unfolding, gigantic scandal.
Enron, by the way, was a Texan Christian mess. Bush tossed his best friends to the wolves and even denied KNOWING them. The media didn’t go after Bush for this obvious lie just like the media, owned by mostly Jewish financiers, didn’t go after Bush about a host of lies, deceptions and criminal actions and still protects him from his criminal actions…note how the DNC leaders refuse to prosecute him for war crimes as well as money crimes!
Indeed, Pelosi and her gang have viciously rebuffed Democrats calling for investigations and trials! And this is because she is a criminal, too. At Daily Kos, the people there bemoan all of this and are told to raise more money and run more Democrats and thus, all will be well. This is patently false! But I suppose, the honest, good people who gather there will finally, in the bitter end, figure out, they have been conned.
Back to the pirate islands and why we must arrest the Queen of England:
Bank takes $10 billion bailout, then cuts tax rate 33 percent
Say you got a ten billion dollar loan to shore up your finances, and you paid your employees $10.9 billion, and you raked in $2.3 billion for the year.
What would you say you owed in taxes? One percent?
That’s what you’d pay if you were Goldman Sachs, Inc. The high-flying brokerage — and former home of Bush Treasury Secretary Henry Paulson — has announced it’s paying just $14 million in taxes this year.
Last year, their tax bill was $6 billion, or 34.1 percent. That represents a year-over-year drop of 33.1 percent.
Goldman attributed its lower tax rate to “more tax credits as a percentage of earnings” and “changes in geographic earnings mix.”
Why did the US government sit idle for 20 years while one pirate cove after another opened its maw and sucked down all our tax revenues? I have been screaming about this for YEARS!!!! It is totally insane! And how insane is it, to have in charge of our Treasury, one of these pirates???? Paulson should be arrested and charged with TREASON. And indeed, all the people responsible for preventing tax evasion, violations of the Constitution, all those involved in torture, theft, double agents for Israel and Saudi Arabia…more about THAT matter later today as I write the scorching analysis of corrupt Clinton!—we have a lot of people to arrest, don’t we?
But Madoff, the allegedly rogue investor who managed to pilfer some $50 billion of investor’s cash, destroyed the trust of so many.
Sure, you’ve read about those boldfaced names who hired Madoff to run their investments. But there are plenty of regular people who had money with him, too, including a member of my extended family in Philadelphia. He is a father of three who left his native South Africa more than three decades ago with nothing and brought his family to the U.S. for a better life. He poured everything into his career and his family. His $1 million investment with Madoff-part of his retirement savings-is probably gone forever.
And then there is the New York lawyer who had three-quarters of his net worth tied up with Madoff. (“He invested with Madoff because his father invested with Madoff. That’s what you are supposed to do in his family,” a friend confided in me.) On Sunday the attorney took his young children to see Santa Claus in Westchester. I can only imagine what was going through his head as he watched his children on Santa’s knee, sharing their own hopes and dreams. We all know what happens to a dream deferred…
Businessweek, of course, won’t probe what is going on, obviously. Any more than Bloomberg will. Immigrants from South Africa [who were probably whites fleeing it] can come to our great nation and become millionaires. This intricate folds of the Madoff scam depended on immigrants, in particular. Trusting ‘their own’, of course.
Instead of examining this honestly, it is the untold story, except in Israel, of course. Madoff was Santa Claus. And who is Santa Claus?
HAHAHA. He is of course, a true demonic personality, the embodiment of greed. He is fat, for example. He rides the night skies like Wotan. He can enter houses. In older days, people feared him and left food for him to placate this demonic character. He was fused into a Christian bishop who gave three sisters gold so they would not be sold into sexual slavery by their poor father. The whole business of Santa Claus has many dark corners.
As for the lawyer who lost everything: screw him! What sort of lawyer was he? If you read the comments to this story, some of Madoff’s victims wail about how they couldn’t know his 10% returns in good and bad times was due to it being a scam! Savings accounts at banks don’t give 10% a year for over a dozen years! Nothing gives this amount! That, alone, is a major warning sign! If markets are good and it has a 10% return and when markets fall, it has 10%, this is impossible not to mention, a very odd rate of return.
Running a scam that uses a formula of ‘give them 10% in ‘growth’ no matter what means the scam artist doesn’t have to reprogram all of his computers that tracked all this loot and spat out the right 10% amount for each investor! See? 10% is much easier than the NY state sales tax which is 8.45%. Try figuring that! Madoff would need more computers and Josh would be swamped!
Here are two comments I found interesting:
December 16, 2008 01:05 PM
Its hard to believe Bernie Madoff’s lifetime investors did not know he was somehow a crook. Better returns that everyone else, and how hard it was to get into the club. Most of these investors thought Bernie had a main track to inside information. They all thought Bernie was the best source of all good inside info, how the hell could he get these returns. With a country club of participants.. at the exchange, the SEC.. This would have gone on forever… Bernie just ran out of money.
Look into the SEC… there must be a group who protected Bernie. You know some SEC guys grandmother who has all her money with Madoff.
“He gives such great returns, it helps so many people and charities”
It’s a country club! They’re all guilty! Bernie, the SEC, and investors.
December 16, 2008 01:30 PM
Bernie was such a good man – it is hard to fathom. He gave money to charity and to many Democrats like Schumer, Lautenberg, Spitzer, Hillary and Barrack. Bernie was such a good Democrat. I never thought his donations would get the Senators to make sure the SEC never regulated hedge funds. Chelsea has a job at a hedge fund and she my be NY’s next senator.
We were on such a cgolden ride with Bernie. We all knew Bernie was front running his investments through his market making firm but the returns were so steady and good. It makes me so sad. I know people who have lost everything. Bernie please give the money back.
HAHAHA. One group thought they were getting insider deals! Um, from a guy heading the stock market! Fuck them! The other thing is how puzzled people are that the SEC and Wall Street were utterly entangled? HAHAHA. Note that the story that Mary Schapiro hired Madoff’s brat is only just beginning to dawn! This is all INSIDER stuff! Everyone is corrupt especially the fox hired to clean up this mess!
Then there is the second comment: HAHAHA again! Bernie was conspiring with all those people to prevent anyone from examining him closely! Duh! In the Godfather, a mobster demands Marlon Brando share his pocketful of corrupt political elected and appointed officials. The Jewish Mafia is no different.
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