Italian investigators have said the Vatican Bank operated in a way that facilitated money laundering, according to a leaked inquiry.
The disclosed report followed a three-year inquiry into the bank, officially known as the Institute for the Works of Religion (IOR), and was recently quoted by two Italian newspapers, Corriere della Sera and La Repubblica.
According to the report, IOR did not carry out enough checks on its clients and the bank allowed account holders to transfer large sums on behalf of others.
“There is a high risk that the way the IOR operates, without specifying its real clients, can be used as a screen to hide illegal operations,” the report read.
00:06 GMT: At least 28 people have been injured in clashes with police in Rio de Janeiro. Most of the wounded were hit by rubber bullets, pepper spray and stones, officials at the Souza Aguiar hospital said.
Friday, June 21
23:47 GMT: In the city of Porto Alegre military police used a helicopter and tear gas to disperse protesters that approached the headquarters of RBS Group, a media conglomerate that publishes numerous newspapers along with radio and television stations.
23:13 GMT: Riot police in the capital Brasilia have prevented a group of protesters from breaking through the police cordon towards the Congress.
More than 20,000 are rallying in front of the Congress in the capital, Brasilia. Some 3,500 police officers were deployed to the area to respond, with clashes erupting after a group of protesters reportedly started throwing Molotov cocktails and attempted to break through the police cordon. Officers responded with tear gas.
22:45 GMT: Police fired large rounds of tear gas against protesters in the city of Campinas in Sao Paulo state in a confrontation adjacent to government buildings.
22:03 GMT: Police in Rio de Janeiro have already resorted to tear gas early Thursday evening to disperse a crowd making its way to city hall. Plumes of smoke could be seen on video broadcast by local TV.
Authorities in Brazil’s cultural capital expect as many as a million protesters to converge on the city, despite recent announcements by state governments to scrap plans to increase public transportation costs. Protesters intended to march on Maracana Stadium just as a Confederations cup football game was to kick off.
21:32 GMT: A huge demonstration is currently taking place in the Candelaria neighborhood of downtown Rio de Janeiro. At least 300,000 people have marched towards town hall, according to estimates by the police, who expect as many as a million protesters to gather later in the day.
Brazil’s biggest protests in two decades intensified on Thursday despite government concessions meant to quell the demonstrations, as 300,000 people took to the streets of Rio de Janeiro and hundreds of thousands more flooded other cities.
Undeterred by the reversal of transport fare hikes that sparked the protests, and promises of better public services, marchers demonstrated around two international soccer matches and in locales as diverse as the Amazon capital of Manaus and the prosperous southern city of Florianopolis.
“Twenty cents was just the start,” read signs held by many converging along the Avenida Paulista, the broad avenue in central Sao Paulo, referring to the bus fare reductions.
In the capital, Brasilia, tens of thousands of protesters by early evening marched around the landmark modernist buildings that house Congress, the Supreme Court and presidential offices.
The swelling tide of protests prompted President Dilma Rousseff to cancel a trip next week to Japan, her office said.
The targets of the protests, now in their second week, have broadened to include high taxes, inflation, corruption and poor public services ranging from hospitals and schools to roads and police forces.
With an international soccer tournament as a backdrop, demonstrators are also denouncing the more than $26 billion of public money that will be spent on the 2014 World Cup and 2016 Olympics, two events meant to showcase a modern, developed Brazil.
In the private prison industry, longer sentences earn more money from the state.
Since 2003, Ciavarella received millions of dollars in bribes for condemning minors to maximum prison sentences. In one case, Ciavarella sentenced a 10-year-old to two years in a detention facility for accidentally bottoming out his mother’s car.
According to the Pennsylvania Supreme Court, over 5,000 young men and women were unjustly sentenced to prison and denied their constitutional rights. Many of them have now been released and cleared of their charges.
The world’s leading Scientists, Physicians, Attorneys, Politicians and Environmental Activists expose the corruption and dangers surrounding the widespread use of Genetically Modified Organisms in the new feature length documentary, “Seeds of Death: Unveiling the Lies of GMOs”.
Senior Executive Producer / Writer / Director: Gary Null PhD
Executive Producer/Writer/Co-Director: Richard Polonetsky
Producers: Paola Bossola, Richard Gale, James Spruill, Patrick Thompson, Valerie Van Cleve
Editors: James Spruill, Patrick Thompson, Richie Williamson, Nick Palm
Music: Kevin MacLeod (Incompetech.com), Armando Guarnera
Graphics: Jay Graygor
This article from the New York Times further solidifies the notion that we clearly have no idea what we are doing anywhere, whether it relates to the domestic economy or foreign policy. While the American citizenry remains unemployed and increasingly on food stamps, we are paying tens of millions of dollars to Afghan warlords and drug dealers so that they can build their “dream homes.” My favorite line is: “the cash has fueled corruption and empowered warlords, undermining Washington’s exit strategy from Afghanistan.” Makes sense. We are simply exporting our domestic economic model abroad.
KABUL, Afghanistan — For more than a decade, wads of American dollars packed into suitcases, backpacks and, on occasion, plastic shopping bags have been dropped off every month or so at the offices of Afghanistan’s president — courtesy of the Central Intelligence Agency.
“We called it ‘ghost money,’ ” said Khalil Roman, who served as Mr. Karzai’s deputy chief of staff from 2002 until 2005. “It came in secret, and it left in secret.”
Kind of like Corzine at MF Global!
Moreover, there is little evidence that the payments bought the influence the C.I.A. sought. Instead, some American officials said, the cash has fueled corruption and empowered warlords, undermining Washington’s exit strategy from Afghanistan.
One of the many things holding the nation back at the moment is the complete lack of incentive to be a creative, productive and honest member of society versus the tremendous incentive to be a corrupt, thieving, lackey for the establishment. In a free market system, with a strict set of rules governing the game that is applied to everyone equally, market signals and incentives exist for companies to create a great product and to meet customer needs with great service. In contrast, within a crony capitalist system, the primary incentive is to get as close as possible to political and corporate power in order to financially benefit from their oligarchical ownership of the controlled economy.
It is only within a completely disconnected from reality, crony, fraudulent economy where you could have a situation in which hospitals actually earn much larger profit margins from making mistakes and harming their patients, than from providing excellent care. We learn from the New York Times that:
Hospitals make money from their own mistakes because insurers pay them for the longer stays and extra care that patients need to treat surgical complications that could have been prevented, a new study finds.
Changing the payment system, to stop rewarding poor care, may help to bring down surgical complication rates, the researchers say. If the system does not change, hospitals have little incentive to improve: in fact, some will wind up losing money if they take better care of patients.
On Saturday, Popular Party Secretary-General María Dolores de Cospedal, number two of the governing party in Spain, said that she knew she was going to get criticized, “but this is pure Nazism.” On Sunday, rather than resigning, she repeated it. For more precision, she added that going to someone’s house to “harass” him “is a totalitarian attitude comparable to what occurred in the thirties in a European country.” A reference to Nazis marking the homes of Jews.
But these “Nazis” are folks who are standing up to the banks and draconian mortgage laws that the government is hell-bent on protecting. And they have a special word for their action: escrache. It had become popular in Argentina in 1995 after President Carlos Menem pardoned collaborators of the Junta. Activists with banners would gather in front of the home or office of a pardoned perpetrator. They’d chant and play music to let neighbors know. While Junta members were beyond the law, they could still be publicly humiliated.
With a week to go until the Italian elections, things are getting a little odd to say the least. The somewhat scandal prone Berlusconi, who self-declared himself leading in the polls just recently, has come out swinging in defense of his fellow business leaders’ ethical egressions. The Bunga party banner-man defends bribery, “These are not crimes,” he notes, as The FT reports, “bribes are a phenomenon that exists and it’s useless to deny the existence of these necessary situations…” This apparently on the heels of the Finmeccanica CEO’s Indian helicopter deal bribes and Monte Paschi’s derivative debacle. It would appear his argument lies somewhere betweeen, ‘if everyone’s doing it – then it’s ok’, and ‘everyone’s been doing it forever so why stop now?’ One Italian paper, though, disgusted at the state of their nation, describes the entire political and elite establishment of ‘guilty inertia’ – calling for an end to what Berlusconi appears to be saying is corrupt business-as-usual. And yet we are to trust these technocrats when they say ‘crisis over’, all is well, recovery is here? Continue reading »
More than 100 police officers were going door-to-door and searching for new tracks in the snow in hopes of catching suspected cop-killer Christopher Dorner overnight in Big Bear Lake, Calif., before he strikes again, as laid out in his rambling online manifesto.
Police late Thursday night alerted the residents near Big Bear Lake that Dorner was still on the loose after finding his truck burning earlier in the day.
San Bernardino County Sheriff’s spokeswoman Cindy Bachman said authorities can’t say for certain that he’s not in the area. More than half of the 400 homes in the area had been searched by police as of late Thursday. Police traveled in two-man teams.
Bachman urged people in the area not to answer the door, unless they know the person or see a law enforcement officer in uniform.
BIG BEAR LAKE, Calif. — A police officer and a pair of soon-to-be newlyweds were dead.
Another officer, riddled with bullets, was in intensive care.
Two more police were shot at but got away, one of them grazed by gunfire. Two innocent and uninvolved women were shot by police who feared a dangerous suspect.
And despite a massive manhunt that touched three states and Mexico, the heavily armed ex-Los Angeles police officer believed behind the rampage, who promised in his rambling writings to bring “warfare” to police and their families, remained free.
Regarding CF# 07-004281
Christopher Dorner w/ Chief William Bratton
Christopher Dorner w/ Chief William Bratton
I know most of you who personally know me are in disbelief to hear from media reports that I am suspected of committing such horrendous murders and have taken drastic and shocking actions in the last couple of days. You are saying to yourself that this is completely out of character of the man you knew who always wore a smile wherever he was seen. I know I will be villified by the LAPD and the media.
Unfortunately, this is a necessary evil that I do not enjoy but must partake and complete for substantial change to occur within the LAPD and reclaim my name. The department has not changed since the Rampart and Rodney King days. It has gotten worse. The consent decree should never have been lifted. The only thing that has evolved from the consent decree is those officers involved in the Rampart scandal and Rodney King incidents have since promoted to supervisor, commanders, and command staff, and executive positions. Continue reading »
One half of the reason why the “market” has finally been reacquainted with gravity is its realization that the previously reported Spanish kickback scandal, which incidentally has been known for over two weeks to most if not the algos that push stocks higher, is refusing to go away. As El Pais summarized below, the graft revealed in this ongoing political fiasco threatens to take down everyone in the Spanish ruling PP, from PM Rajoy, who received more than €300,000 over the years, and on to the lowest rungs of political corruption. Continue reading »
During a week in which Americans are supposed to give thanks, we thought this inside look at the reality on the streets of Greece was worthwhile comprehending. From the May 2011 Syntagma Square uprising to “the ‘firesale’ of their country, their labor rights, and their livelihoods to corrupt domestic elites and foreign financial interests” the brief documentary follows the dramatic portrait of a country veering to the brink of collapse – and the people who choose to struggle to build a new world from the ruins of the old. “For [the elites] Greece is a guinea pig, to find out up to what point they can ‘milk’ [us]” is how one narrator describes the situation, adding that “they are refusing to see the reality [saying] it’s not happening, it’s not happening, it’s not happening, everything is gonna be alright; Nothing is gonna be alright” as “loans enslave people.” Utopia remains on the horizon…
The Greek people are suffering from two contradictory collective feelings: Fear and Rage.
Some disturbing images and deep introspection here…
I have often said and written that in some important respects America is the least democratic country in the world because what passes for democracy there is for sale to the highest bidders (the Zionist lobby being one of them). It’s now apparent that former President Jimmy Carter agrees.In his latest Conversation at the Carter Center, he said:
“You know how much I raised to run against Gerald Ford? Zero. You know how much I raised to run against Ronald Reagan? Zero. You know how much will be raised this year by all presidential, Senate and House campaigns? $6 billion. That’s 6,000 millions.” (It was “zero” from private donors, corporates and individuals, because Carter accepted public funding).
That was part of his devastating indictment of the U.S. electoral process which, he said, “is shot through withfinancial corruption that threatens American democracy.” He added: We have one of the worst election processes in the world right here in the United States of America, and it’s almost entirely because of the excessive influx of money.”
While The Brits are about to tax their Super-Rich, it appears one of the old colonies remains in full anti-Robin-Hood mode. Nothing surprises us much anymore but this note from Bloomberg too the proverbial biscuit. In the “most mean-spirited, ruthlessly executed corruption,” India’s politicians and their criminal syndicates have looted as much as $14.5bn in food from one province alone. 57,000 tons of food meant for the devastatingly poor of the Uttar Pradesh region is sat in a government storage facility five football fields long. The ‘theft’ has blunted the nation’s only weapon against mass starvation and as Supreme Court commissioner Naresh Saxena notes: “What I find even more shocking is the lack of willingness in trying to stop it,” as the Minister for Food, who stands charged with attempted murder, kidnapping, armed robbery and electoral fraud, has diverted more than 80 percent of the food. “Who is a person who holds a below poverty line ration card? A person of no influence; you can just tell him to buzz off.” But there is growing tension “We could just storm the place, and every one of us could get a bag of rice each. Who would stop us?”
India has run the world’s largest public food distribution system for the poor since the failure of two successive monsoons led to the creation of the Food Corporation of India in 1965.
This scam, like many others involving politicians in India, remains unpunished. A state police force beholden to corrupt lawmakers, an underfunded federal anti-graft agency and a sluggish court system have resulted in five overlapping investigations over seven years — and zero convictions.
It is often said that when an agency or department is failing, it’s because there is a failure at the top, that there is something wrong with the leadership. Nowhere is that more evident than at the beleaguered Department of Homeland Security where, under the tutelage of former Arizona Gov. Janet Napolitano, an agency with an already dubious resume has gone from bad to worse to despicable.
A new federal audit of the monstrous agency, created in the heat and passion of the moment in the weeks following the 9/11 attacks, 2,527 DHS employees and co-conspirators have been convicted of either being corrupt or engaging in outright criminality since 2004, CNSNews.com reported, citing written testimony submitted to Congress recently by the department’s inspector general, Charles Edwards.
The Deputy Governor of the Bank of England encouraged Barclays to try to lower interest rates after coming under pressure from senior members of the last Labour government, documents have disclosed.
A memo published by Barclays suggested that Paul Tucker gave a hint to Bob Diamond, the bank’s chief executive, in 2008 that the rate it was claiming to be paying to borrow money from other banks could be lowered.
His suggestion followed questions from “senior figures within Whitehall” about why Barclays was having to pay so much interest on its borrowings, the memo states.
Barclays and other banks have been accused of artificially manipulating the Libor rate, which is used to set the borrowing costs for millions of consumers, businesses and investors, by falsely stating how much they were paying to borrow money.
The bank claimed yesterday that one of its most senior executives cut the Libor rate only at the height of the credit crisis after intervention from the Bank of England.
The former head of the Vatican Bank has become the Papacy’s Enemy Number One, after police discovered a trove of documents exposing financial misdeeds in the Holy See. The banker now reportedly fears for his life.
Earlier this week police conducted a dawn raid on the house and office of Ettore Gotti Tedeschi. Investigators say they were looking for evidence in a graft case against defense and aerospace firm Finmeccanica, which was formerly run by a close friend of Gotti Tedeschi.
Instead, as it turns out, police stumbled upon an entirely different find.
They discovered 47 binders containing private communication exposing the opaque inner workings of the secretive Holy See. They included financial documents, details of money transfers and confidential internal reports – all prepared by Gotti Tedeschi to build a convincing expose of corruption in the Vatican.
VATICAN CITY (Reuters) – Paolo Gabriele was always a reserved, almost shy man, as his position required. He had access to the most private rooms in the Vatican’s Apostolic Palace – Pope Benedict’s apartment.
But what could have prompted the pope’s butler, who was formally charged by Vatican magistrates on Saturday with illegal possession of secret documents, to betray the man who trusted him?
Was it money? Probably not.
Gianluigi Nuzzi, the Italian journalist who revealed some of the leaked documents alleging corruption in the Vatican and internal conflict over the role of the Vatican bank, declines to reveal his sources but insists he gave no money to them.
Nuzzi, a respected journalist with a good track record whose book “His Holiness” contains some of the allegations, says those who gave him the documents were devout people “genuinely concerned about the Catholic Church” who wanted to expose corruption.
The 46-year-old Gabriele, facing up to 30 years in prison if convicted, lives in a comfortable apartment in the Vatican with his wife and three children, and is said by all who knew him to be very religious.
While Vatican employees do not receive large salaries, they do enjoy benefits such as low rent, no income tax, and cheap food and petrol at the commissaries of the 108-acre city-state.
In a huge anti-mafia bust, 16 judges have been arrested near Naples, Italy, according to the BBC, for allegedly being in cahoots with Italy’s notorious Camorra crime syndicate. Corriere della Sera reports that assets seized as part of the raid are worth more than $1.3 billion including financial assets, stock holdings, bank accounts, land, real estate and vehicles.
Police allege that the judges accepted bribes to rule in favor of the Camorra in financial cases, the Australian Broadcasting Company reports, and one judge is said to have worked as an accountant for the crime family.
Barrett Brown, who has taken on the (seemingly lucrative) role of the public face of hacker group Anonymous, best known recently for breaking into Stratfor’s servers, speaks about the logic behind the hacking of 2.7 million email accounts which will likely very soon be made public, in addition to the tens of thousands of credit card numbers and full client details (including home addresses) of Stratfor clients that Anonymous has already released.
Gadzhimurat Kamalov is shot eight times outside offices of Chernovik, a newspaper known for investigating corruption
The founder of a newspaper that investigated government corruption has been shot dead outside the newspaper’s office in Russia’s North Caucasus region, police say.
A gunman shot Gadzhimurat Kamalov as he was leaving the offices of the newspaper Chernovik in Makhachkala, the capital of Dagestan province, shortly before midnight on Thursday, the regional interior ministry said.
Police said Kamalov was shot eight times and pronounced dead on the way to hospital.
Governor Jan Brewer continues to ignore the international attention paid to Quartzsite, Arizona over $5 million in corruption charges, while the Chief of Police suspended nine of the city’s 14 police officers with pay, ordering them not to leave their homes between the hours of 8 am and 5 pm.
All of the suspended officers blew the whistle on the chief, calling for an independent investigation into several serious charges, including false arrests and violating federal medical privacy laws.
PHOENIX (AP) — The far western Arizona town of Quartzsite was in a state of upheaval Monday after the town council ousted the mayor from power and declared a state of emergency, all over an online video that shows a woman being arrested.
Mayor Ed Foster told The Associated Press on Monday that the town council held a last-minute meeting that was closed to the public Sunday night, declaring a state of emergency in the 3,600-person town just east of the California city of Blythe.
The council’s declaration put police Chief Jeff Gilbert in charge, making Foster the “deputy chief executive of nothing right now,” he said. It also allows the five-member council to meet without public notice and suspend all public comment at the meetings until they declare the state of emergency over.
“I’m going to tell you frankly, this council is out of control,” Foster said. “The chief has been out of control for some time and I’ve asked the state government to help a number of times,” to no avail.
Foster described the government and Gilbert as corrupt and abusive of their power, and said all their recent actions are frantic efforts to cover up millions of dollars of money from lining some of their pockets.
Both Gilbert’s and the town hall’s phone numbers rang busy most of the day Monday, and all five council members and the town manager did not immediately return email requests for comment.
1. Michael Chertoff was part of prosecution team that helped blow the 1993 World Trade Center investigation
2. Patrick Fitzgerald who was Chertoff’s boss on the WTC non-investigation is now in Illinois prosecuting political opponents of Rahm Emmanuel and Barack Obama
3. Rahm Emanuel’s father was an Israeli terrorist who specialized in bombing buses and killing British troops in Palestine
4. Emanuel and Obama both used a Washington DC townhouse provided to them by a BP lobbyist when Emanuel was a Congressman and Obama was a Senator
5. Barack Obama and Rahm Emanuel were members of the same gay bath house in Chicago
6. A former staffer of the woman who rented Emanuel the townhouse just died…in a fire…in her garage…behind her house. Her husband is a top Obama staffer Dan Turton.
7. Larry Silverstein – leasee of the World Trade Center – is now the owner of the Chicago Sears Tower
And that’s just the tip of the iceberg.
If you ever wondered why Obama is carrying out the corporate-fascist agenda of the Bush family, you’ll understand everything after watching this video
Source: Brasscheck TV
Obama is now the worst President in the history of the United States of America, because not only did Obama approve and extend all Bush policies, but he also added even more unconstitutional laws and policies to them.
Obama like Bush (and all the other elite puppet criminals)is a traitor.
A man pockets money at a market in Lagos, Nigeria. One person in four worldwide paid a bribe during the past year, according to a study released Thursday to mark International Anti-Corruption Day (AFP/File/Pius Utomi Ekpei)
BERLIN (AFP) – One person in four worldwide paid a bribe during the past year, according to a study released Thursday to mark International Anti-Corruption Day.
The study, by the Berlin-based non-governmental agency Transparency International, focuses on small-scale bribery and was put together from polls conducted among more than 91,000 people in 86 countries and territories.
In the past 12 months, one in four paid a bribe to one of nine institutions, such as health, education or tax authorities, according to the 2010 Global Corruption Barometer.
But it was the police who proved most corrupt, according to the study which reported that 29 percent of those having dealings with police said they had paid a bribe.
(Reuters) – U.S. inspectors found thick dust and contaminated ingredients at the Johnson & Johnson plant that produces Children’s Tylenol and dozens of other products that were recalled last week.
(NaturalNews) The other day I wrote a story about the massive recall by McNeil Consumer Healthcare, a subsidiary of Johnson & Johnson, of its infants’ and children’s line of Tylenol products. An FDA inspection report found these drugs to be contaminated with dangerous bacteria (they did not disclose the actual type) as well as “foreign materials” that were visible as “dark or black specks”. But a recent story published by USA Today has revealed that McNeil actually knew about the bacterial contamination and kept shipping the products anyway.
Only the drug industry could get away with this type of careless, reckless behavior with nothing more than a slap on the wrist from the FDA. In fact, the FDA did not even require McNeil to issue a recall after discovering the problem; McNeil did so voluntarily over “theoretical concerns” that were expressed by Deborah Autor, an FDA official who was quick to emphasize that the risk to consumers from the tainted products “is remote”.
So let me get this straight. An FDA report finds that a pharmaceutical company is knowingly using contaminated raw materials to make children’s and infants’ medicines in a factory that is failing to maintain its equipment, properly train its employees and correctly measure and weigh drug ingredients, and FDA officials consider the problem to be “theoretical”?
Can you imagine what would happen if an herbal product manufacturer were found to engage in the same behavior? The FDA would pounce on them, seize their products, issue a public warning and probably fine the company for its reckless behavior. But when Big Pharma pulls the same stunt, it’s just business as usual. Continue reading »
“I love vaccines,” Gates stated at a TED conference in February, 2010, while lecturing on ways to reduce global populations to stem environmental pollution.
Now connect that to this:
Bill Gates administers an oral polio vaccine (LIFE VIRUS!) in New Delhi in 2000. As he turns his full focus to the Bill & Melinda Gates Foundation, he plans to visit China, India and Africa in the coming year.
Health Science Communication for People Around the World
Date Mailed: April 29, 2010
A medical investigation into suspicious outbreaks and propaganda used to sell drugs and vaccines has exposed investment bankers at JP Morgan-Chase (JPMC) and Goldman Sachs (GS) for plotting to shock/stress, frighten, poison, and kill billions of people most profitably-pharmaceutically-according to the Editor-in-Chief of Medical Veritas journal.
While researching a powerful Partnership for New York City (PFNYC), Wall Street’s wealthiest industrialists, Harvard-trained public health expert, Dr. Leonard Horowitz, and investigative journalist, Sherri Kane, discovered shocking evidence of a conspiracy to commit global genocide by generating diseases and death to advance profitable pharmaceutical depopulation.
Population planners at the highest levels of government and industry conspired to spread diseases, vaccines, drugs, and death most profitably, according to research published in the latest issue of Medical Veritas.
In a related Special Report posted on YouTube, (see below) Dr. Horowitz urged humanitarian organizations and activist groups worldwide to issue investigations, alerts, civil complaints, and criminal charges to stop the pharmaceutical depopulation plot because it risks genetic inheritance, new pandemics, and the possible extinction of the human race.
“Corruption in the drug industry is rampant and transparent,” Dr. Horowitz explains, “Investment bankers at JPMC and GS, who acquired controlling interests in the largest drug firms during mergers and acquisitions, have placed ‘depopulation’ near the top of their list of geopolitical priorites. Their depopulation agents are now in top positions of government, finance, and industry.
The depopulation plan is supported by the world’s wealthiest people, including Bill Gates, who admittedly funds vaccinations to reduce global populations by 10-15%. Leading population planners and economic developers advance identical plans to cull the world’s population to 1 billion. Continue reading »
A law allowing Russia’s secret service agents to arrest people without a warrant is soon to be put before the Russian Duma by Prime Minister Vladmir Putin, „Kommersant“ reported Monday.
The law will allow agents of the Federal Security Service (FSB) to imprison government critics with impunity and obtain “unlimited power,” writer Eduard Limonov told the news agency Interfax.
Putin is facing growing social unrest fuelled by the corruption of the Globalist-controlled Moscow government.
Also, Putin has recently come under criticism from a group of Russian journalists and civil rights campaigners for his potential role in the Polish plane crash that killed President Lech Kaczynski and the Polish elite two weeks ago in western Russia. The head of the investigation, Putin has been conspicuous so far for failing to produce any results.
Ria Novosti reports on the new draft law:
New bill may give Russia’s FSB power to persecute dissidents – paper
A new bill submitted to the Russian parliament that allows “preventive measures” against individuals committing extremist actions has fuelled fears among opposition parties of a revival of Soviet-era practices, a Russian business daily said on Monday.
Existing legislation allows the Russian Federal Security Service (FSB) to impose preventive measures, such as official warnings and fines, on organizations whose activities could be considered extremist, but does not allow these measures to be applied to individuals.
The government said in an explanatory note the new law is needed to “consolidate the establishment of special prevention measures.”
Kommersant daily said opposition parties fear the new initiative could precede a major campaign against political dissidents.
“This is a Soviet-era practice that was used against dissidents and those who distributed ideologically harmful literature and engaged in similarly harmful conversations,” Kommersant quoted Fair Russia party Chairman Gennady Gudkov as saying.
He said officers of the Soviet security service, the KGB, used “warnings” when “there was insufficient evidence for criminal persecution”.
The pro-government United Russia party has more than two thirds of the seats in the State Duma, the lower house of the Russian parliament, enough to pass any bill.
“How can we not be scared?” Kommersant daily quoted member of the Communist faction, Viktor Ilyukhin as saying. “The new bill regards ‘stoking social hatred’ as an extremist action, so a warning can be given to anyone who criticizes the authorities.” Continue reading »
Russian blogger Alexander Malyutin as he speaks in his office in Moscow in 2009
MOSCOW — It started with a golden bed and African drummers and led to Russia’s latest, surprising, political duel pitting tenacious bloggers against bureaucrats whose excesses went a step too far.
Russians typically shrug their shoulders at the lavish lifestyles of government officials, assuming nothing can be done about bureaucrats who take bribes and pocket state funds.
But when Russia’s interior ministry announced plans to buy a golden bed, it raised an outcry — and revealed the potential of the Internet for stirring up outrage against entrenched corruption.
While the docile, state-dominated media looks the other way, a small but determined group of Russian bloggers is challenging corrupt bureaucrats, rallying public opinion and goading prosecutors into action.
Their blogs have attracted unanticipated popularity, reflecting deep-seated anger at the high-handed behavior of officials in Prime Minister Vladimir Putin’s government.
“I didn’t expect the blog to become so popular,” said Alexander Malyutin, who runs a blog devoted to exposing suspicious government tenders, including the interior ministry’s infamous golden bed purchase.
Last August, the ministry announced plans to buy 24 million rubles (800,000 dollars) worth of furniture, including a bed “covered with a thin layer of 24-carat gold,” according to the official tender documents.
The documents were posted deep within a website where all the government’s purchases must be published, under a law passed in 2005 during one of the Kremlin’s periodic efforts to root out corruption.
After bloggers and journalists exposed the plans, the ministry defended itself from ridicule by saying the bed was needed for a special VIP guesthouse in Moscow where it hosts foreign officials. Continue reading »
Lehman employed off-balance sheet devices, known within Lehman as “Repo 105” and “Repo 108” transactions, to temporarily remove securities inventory from its balance sheet, usually for a period of seven to ten days, and to create a materially misleading picture of the firm’s financial condition in late 2007 and 2008.2847
Oh yeah, that’s legal? It’s not supposed to be!
Lehman regularly increased its use of Repo 105 transactions in the days prior to reporting periods to reduce its publicly reported net leverage and balance sheet.2850 Lehman’s periodic reports did not disclose the cash borrowing from the Repo 105 transaction – i.e., although Lehman had in effect borrowed tens of billions of dollars in these transactions, Lehman did not disclose the known obligation to repay the debt.2851 Lehman used the cash from the Repo 105 transaction to pay down other liabilities, thereby reducing both the total liabilities and the total assets reported on its balance sheet and lowering its leverage ratios.
Isn’t that special?
It gets better, as you might expect.
The Examiner concludes that colorable claims of breach of fiduciary duty exist against Richard Fuld, Chris O’Meara, Erin Callan, and Ian Lowitt, and that a colorable claim of professional malpractice exists against Arthur Anderson Ernst & Young.2915 (strikethrough mine, not in the original)
It is stated that Government Regulators (FRBNY and The SEC) had “no knowledge” of these practices. Perhaps true. But this calls into question why we’re hearing of this just now, and whether other firms have or are at present doing the same sort of thing.
There also appears to be a colorable claim that Lehman Management was fully-aware of what was going on: Continue reading »