CLICK HERE LARGE PRINT EDITION: ALL IN THE FAMILY V « Culture of Life News 2
I goofed yesterday and had ‘All in the Family VI’ by accident. Well, today, we get to see part V so I assume that tomorrow will be part VI. This Madoff business is exposing some pretty nasty Mafioso business that intertwines across time and space. When following trails in the internet, one finds all kinds of INTERESTING junk which illuminates very well, how the Jewish Mafia operates in NYC. Aside from my own, personal knowledge, we can prove this case here via legitimate news sources. So here we go:
(Bloomberg) — Bernard Madoff, accused in a $50 billion investment fraud, was placed under 24-hour house arrest in his $7 million New York City apartment after prosecutors warned of his “harm or flight.”
I decided to track down the Jewish judge to see how he operates. It was quite difficult but in the end, I found what I knew from the beginning: he is part of the Jewish Mafia. He should have NEVER allowed this huge criminal to go free! Not in the SLIGHTEST. Not only that, the mercy he showed to this criminal is shown ONLY TO JEWS.
For this reason, I call for this judge to be removed not only from the Madoff case but removed from his bench! First, I will lay out my case step by step before delivering the final bits of information that thoroughly indites this man.
First off, it is plainly obvious that Madoff is a flight risk. Normally, he might want to rush off to Israel and live there with impunity. Now that Argentina and Brazil ship people like him back here for trial, the number of places open for thieves to flee are cut down. Perhaps, he might flee to Dubai. The real problem is, he is troublesome to everyone right now and in NORMAL cases, he would have been locked up.
(Bloomberg) — Now it’s Bernard Madoff’s mailman who is suffering from what is being called the largest investment fraud in history.
“It’s only on this corner where I have a problem,” Perry Pecorino, the letter carrier for 133 East 64th Street, said yesterday. “You gotta fight through the people, going in and out of the building. Everybody’s in the way….”
“They’re there 24 hours, it’s really despicable” said Jay Bolusa, who lives one block east of Madoff, and walks her dog past Madoff’s building every day. “Imagine going out of your apartment and you see all the media. It’s terrible! You’re not free.”
Residents walking in and out of Madoff’s building Friday picked up speed if they sensed a reporter was approaching. One woman pulled her child close as she stepped into the lobby.
Madoff’s doormen did double duty as security guards and traffic police. Two doormen yesterday stood sentry behind the lobby’s glass doors, preventing any media from crossing the threshold. A third directed traffic, as media cars tried to park out front, along a sidewalk where signs say “No Standing Anytime.”
He is a public menace. He is causing traffic problems. He is a suicide risk??? What the hell? In normal society, when a man accused of crimes is also a suicide risk, he is put in jail and put under suicide watch. He isn’t allowed to muck around the neighborhood from dawn to dusk.
The obvious ludicrousness of this business was so glaring, the Jewish judge had to change his rules so there was slightly more surveillance of this Jewish crook. But bless him, the judge thought one of the richest scam artists on the planet should be able to park his ass in his extremely expensive apartment! HAHAHA. Talk about generous.
And it was generous because the judge is unfair and unreasonable. He is a judge who openly enables Jewish criminals. While throwing the book at non-Jews. Before I make my case here, I want to visit another news story from today. The gang of thieves at the heart of the Madoff affair have ties to other scandals of the past.
The Madoff scandal is proving so big that even some large charities will not recover. One of the nation’s leading philanthropies, the Picower Foundation, announced on Friday that it was shutting down.
The foundation has given $268 million to groups like the Picower Institute for Learning and Memory at the Massachusetts Institute of Technology, Human Rights First, the New York Public Library and the Children’s Health Fund since it was established in 1989 by Barbara Picower and her husband, the investor Jeffry M. Picower, in Palm Beach, Fla.
Mr. Picower appears to have made a fortune in a 2004 deal struck by Cardinal Health to acquire Alaris Medical Systems for $1.6 billion. Mr. Picower owned 65 percent of Alaris.
He was said to have been friends with Mr. Madoff for 30 years. But he has brushed up against other financiers whose conduct caused him losses. In 1990, Mr. Picower recovered some of the money he had invested in Ivan Boesky’s biggest arbitrage fund. Mr. Boesky pleaded guilty to securities fraud charges in 1986.
So, this guy who had to shut down his charity was a buddy of Boesky! Am I not shocked. Mr. Picower benefitted from the flood of Japanese carry trade funny money and its mania for buy-ups and buy-outs. He took his share of the pie after loading Alaris with debt, off he trotted to Palm Beach to have fun in the sun and make an eternal 10%+ profit off of the proceedings.
What this is, in real terms, was money lent by the Bank of Japan to an offshore tax haven hedge fund which then passed this loot to Picower and the debt was laid on a corporation that had a real function in the real world. The money passing through various hands stuck to greedy fingers as everyone got their fees and charges and Mr. Picower got the final loot. He then wanted it to ‘grow’ while he produced nothing.
This is the ‘coupon-clipping’ society that is often a leech on society since what they are demanding is interest, not on ‘profits’ but on deals based on debt. So the debt mountain grows rapidly. The people ‘buying’ Alaris were not investing profits, they were investing Japanese debts! Which, incidentally, are now violently unwinding and this is why there is no ‘liquidity’.
Most of this ‘liquidity’ was pure poison to capitalism. All it did was pile debts on businesses while players ran off with all the loot. This desiccated commerce even as it flooded the world with ‘liquidity’. Boesky helped invent the system that is now destroying the entire planet’s capitalist economic systems.
was notable for his prominent role in aWall Street insider trading scandal that occurred in the United States in the mid-1980s. He is a graduate of Detroit’s Mumford High School and the Detroit College of Law, class of 1964.
By 1986, Ivan Boesky had become an arbitrageur who had amassed a fortune of about US$200 million by betting on corporate takeovers. He was investigated by the U.S. Securities and Exchange Commission for making investments based on tips received from corporate insiders. These stock acquisitions were sometimes brazen, with massive purchases occurring only a few days before a corporation announced a takeover. Boesky was on the cover of TIME December 1, 1986.
Although insider trading of this kind was illegal, laws prohibiting it were rarely enforced until Boesky was prosecuted. Boesky cooperated with the SEC and informed on several of his insiders, including junk bond trader Michael Milken. As a result of a plea bargain Boesky received a prison sentence of 3.5 years and was fined US$100 million. Although he was released after two years, he was barred from working in the securities business for the remainder of his life. He served his prison sentence at Lompoc Federal Prison Camp near Vandenberg Air Force Base in California.
Note the line, ‘Although insider trading…was illegal…it was rarely enforced’. HAHAHA. Guess why? The people guarding the public were in the pockets of the people doing insider trading! Only when things get totally out of control and the stock market falls off the cliff due to all the insider trading and people are ‘exposed naked as the tide goes out,’ does anyone get arrested.
I happen to know how the judges in NYC get into office: first, you join a political club. Then, the guys at the top, if you please them and your rulings help them and their all-important donors to the election funds, then they put your name on the ballot and people vote party-line and voila! You get to be a judge! This is a corrupt system.
If one works hard to please the various interlocking or rival ‘Mafias’ in NYC and boy, there are a lot of these, and if one’s political club gets enough power to club people senseless, you can move upwards, fast, on this magic carpet. I used to lurk in court rooms, checking out judicial candidates, looking either for dirt or for bias. Then, I would raise a ruckus if rival political clubs try to move a bad judge upwards.
Now, the above article mentions Milken. He leads us back to Judge Katz, so here we go:
After he was sent to prison on finance-related charges, his detractors cited him as the epitome of Wall Street greed during the 1980s, and nicknamed him the Junk Bond King. Admirers, like George Gilder in his book, Telecosm, note that “Milken was a key source of the organizational changes that have impelled economic growth over the last twenty years. Most striking was the productivity surge in capital, as Milken … and others took the vast sums trapped in old-line businesses and put them back into the markets.”
Milken was indicted on 98 counts of racketeering and securities fraud in 1989 as the result of an insider trading investigation. After a plea bargain, Milken pled guilty to six securities and reporting violations; he was not guilty of racketeering or insider trading. He was sentenced to ten years in prison, but was released after less than two years. Critics have suggested he then launched a public relations campaign to highlight his role as a financial innovator, particularly with regard to popularizing higher-risk alternative investments.
Milken has also devoted much time and money to charity over the past three decades:
- He co-founded the Milken Family Foundation in 1982 to support education and medical research;
- He is chairman of the Milken Institute, which hosts the annual Global Conference, which is attended by more than 3,000 thought leaders and decision makers from nearly 60 nations; and
- He is the founder of the Melanoma Research Alliance, FasterCures (Center for Accelerating Medical Solutions), and the Prostate Cancer Foundation.
Cute, isn’t it? Both of these criminals got their sentences greatly reduced. HAHAHA. No lifetime in prison like Muslims caught up in the persecution of anyone who donated to Hamas or other Muslim organizations! This guy CREATED the present mess! None of the odious systems he put into motion were rendered illegal and terminated.
It is no wonder, obvious Ponzi schemes flourished in this forest of scams! the ‘productivity surge in capital’ was never a surge in capital. It was a SURGE IN DEBTS. This is a very important distinction. Throughout this whole tragic mess, the deliberate confusion over what is capital and what is debt is a key issue.
Just like the US is told, we have a strong economy when it is patently obvious, the economy is very weak since it takes on more and more debt, the more it grows. And at a much, much faster rate than the rate of growth of the GNP.
Without question, many leading entrepreneurs of the 1980s owe their success at least partly to Milken’s perception of this market opportunity. One of his favorite sayings: “There is no shortage of capital; there is only a shortage of management talent”.
This money-raising ability also facilitated the activities of leveraged buyout (LBO) firms like Kohlberg Kravis Roberts, and of so-called “greenmailers.” Armed with a “highly confident letter” from Drexel (in which Drexel promised to get the necessary debt in time to fulfill the buyer’s obligations), were able to profit by merely threatening LBOs of large, blue-chip companies in which they had built up equity positions. Milken’s task was perhaps made easier by the fact that the top-tier Wall St investment banks were unwilling to compete with him for fear of jeopardizing their longstanding and lucrative relationships with many of these blue-chip companies who were potentially his targets, although latterly companies like Salomon Brothers, Morgan Stanley and First Boston did (metaphorically holding their noses, perhaps) enter the high-yield market. Notable buyouts financed by Drexel of companies previously thought invulnerable included Beatrice Companies and the cosmetics firm,Revlon.
Back then, the buy-out business was considered a criminal operation. The guy who launched this business was put in prison. Briefly. But by the time he got out, everyone was imitating him. ‘Holding their noses,’ these financiers in the top banks proceeded to dump immense amounts of debt on top of all the corporations on earth. They also held their dainty noses while driving up the value of housing, using the same systems they set in motion.
Using DEBT, Milken was able to threaten companies with him dumping this debt on them if they didn’t pay him off. Today, the dumping has been accepted as a great revenue stream by all the banks. WHO ARE NOW BANKRUPT. Because this is the fundamental basis of the lending mess, I say, arrest everyone involved! Including any judges who enable this by being nice to obvious criminals.
From Wikipedia, we learn about the judges involved in today’s story:
At Milken’s sentencing, Judge Kimba Wood told him:
- You were willing to commit only crimes that were unlikely to be detected…. When a man of your power in the financial world… repeatedly conspires to violate, and violates, securities and tax business in order to achieve more power and wealth for himself… a significant prison term is required.
Wood recommended a 10-year prison sentence, of which, in her opinion, Milken should have served at least 36 to 40 months. However, Milken hired Alan Dershowitz to help reduce his sentence. Milken served only about 22 months (from March 1991 until January 1993) before being released. Wood was picked by President Bill Clinton to be attorney general in what some called a reward for reducing Milken’s sentence. She was forced to withdraw because she had hired an illegal alien as her nanny.
I remember that scandal! HAHAHA. Well, the smooth transition from talking tough and then giving goodies to obvious criminals didn’t pave her path to total control of the entire US justice system! Way back then, I was entirely against Bill Clinton and even backed Ross Perot who ran against him.
Clinton is very corrupt. Bush is even worse. We have now had 25+ years of nonstop corruption at the top. And now our entire banking and economic systems lies in ruins. This is directly due to rampant corruption in the public arena. Well, Kimba the Lioness is still around. She supervises this court:
Judge Katz works for this corrupt judge. I looked at a number of his cases in the past and found THIS one:
Pakistani Credit Suisse banker held without bail
NEW YORK: A Credit Suisse investment banker from Pakistan, charged in a multimillion-dollar insider trading plot, was ordered to be held without bail on Friday as a flight risk.
Hafiz Muhammad Zubair Naseem of Rye Brook, New York, could face more than 30 years in prison and has no significant ties to the US, Assistant US Attorney Joshua Klein told US Magistrate Judge Theodore H Katz in Manhattan. Katz said the case against Naseem was solid and his ties to Pakistan were stronger than ties to the United States………
Naseem’s lawyer, Marc Mukasey, asked that his client to be freed on $1 million bail, because one of Naseem’s young daughters was scheduled for spinal surgery at a Manhattan hospital in July. Mukasey said Naseem’s wife and children created an emotional tie to America………..
Mukasey said that the suggestion that his client could face up to 33 years in prison was “ludicrous”. He said his client, “a Westchester family man, plain and simple,” was innocent. Klein said Naseem told investigators after his arrest that, “One thing you guys should know is had I been guilty, I would have never come back.”……….
Naseem was arrested at work on Thursday on charges of conspiracy to commit securities fraud and 25 counts of securities fraud. He wore a rumpled blue shirt and suit pants to court Friday. The charges carry potential fines of up to $15 million. ap
He didn’t let this poor man out even for his daughter’s surgery????
THIS IS A CRIME. Showing mercy to a Jewish fraudster who bilked over $50 billion dollars in the biggest Ponzi scam on earth while being utterly and totally unnecessarily cruel to a Muslim: this is criminal. I call up on this judge to resign. The scales of justice are totally tipped to one side. There are two laws in his illegal court: one for Muslims and one for Jews! This is totally wrong! Arrest Judge Katz. And don’t let him have sun rise to sunset freedom in the heart of NYC. Send him to Gitmo.
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