Category: CORRUPTION

POLITICAL: Trump’s Last-Minute Pardons Highlight the Problem of Staggering Medicare & Medicaid Fraud | Cato @ Liberty

Published on by reinkefjLeave a comment

https://www.cato.org/blog/trumps-last-minute-pardons-problem-medicare-medicaid-fraud

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President Trump granted full pardons to Todd Farha, Thaddeus Bereday, William Kale, Paul Behrens, and Peter Clay, former executives of a healthcare maintenance organization….In 2008, Messrs. Farha, Bereday, Kale, Behrens, and Clay were criminally prosecuted for a state regulatory matter involving the reporting of expenditures to a state health agency. The expenditures reported were based on actual monies spent, and the reporting methodology was reviewed and endorsed by those with expertise in the state regulatory scheme. Notably, there was no evidence that any of the individuals were motivated by greed…

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Inexcusable!

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CORRUPTION: What a surprise buying a politician

Published on by reinkefjLeave a comment

http://www.againstcronycapitalism.org/2013/03/radioactive-fraud-company-overcharged-taxpayers-for-cleanup-of-hazardous-waste-gave-big-money-to-senator/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+againstcronycapitalism+%28AgainstCronyCapitalism.org%29

Posted on March 10, 2013 by Editor

Radioactive Fraud: Company overcharged taxpayers for cleanup of hazardous waste, Gave big money to Senator.

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A story of nuclear waste and tax dollar waste, a company which was contracted to clean up radioactive refuse has been overcharging taxpayers (by a lot) for over a decade. In 2009 however the times got particularly good when the stimulus train came through town. It dropped off $1.9 billion, with a little help from friends in high places.

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Yeah, just billions from the taxpayer’s pocket!

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CORRUPTION: BoA and USA with US Treasury incest

Published on by reinkefjLeave a comment

http://www.lewrockwell.com/blog/lewrw/archives/73468.html

December 18, 2010
RE: Bank of America Cuts Off WikiLeaks

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“How many times and for how long can an ostensibly private organization behave like an adjunct of the state before it ceases to be private?” Bank of America is a corrupt, bloated, and poorly run organization. They’d be out of business now if not for their easy access to the US Treasury and for their untrammeled access to favors from the Fed and from people like Geithner.

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Corporations are a creation of the Gooferment.

Politicians and bureaucrats use their “creation” (i.e., corporations) to bribe themselves in exchange for favorable tax, regulatory, or franchise benefits.

Politicians and bureaucrats also use “corporations” as tax collectors. Only real people pay taxes. Corporate taxes are really just pass throughs to real people. Makes the calculation of how much you are really paying in “taxes” incalculable.

For example, on that can of beans you have in your hand, (pretend you can actually afford beans), how much of the purchase price is taxes? How much did Campbells or BushBeans pay in taxes? And, how much tax is in every component of that can and contents? And don’t forget the gas tax to deliver the components and the can of beans itself to where ever! It’s incalculable!!!

Finally, don’t forget what passes for “money” in this country. There’s a hidden tax in that as well. Every paper dollar is backed by the “full faith and credit of the United States”. We know what that is worth. There’s no limit on the number of dollars that the Gooferment via its enabler the Federal Reserve Bank, which itself is a corrupt banking cartel for the benefit of the elite bankers, can print.

So, “We, The Sheeple” are fooled by the meme of “government” and “corporations”. These are just “costumes” worn by men to oppress other men. The “Gooferment” is like your thumb and “corporations” are the fingers. How can you say they are not workign together.

To all our detriment!

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CORRUPTION: Shills for the gooferment shilling the party line

Published on by reinkefj1 Comment

http://www.ncc-1776.org/tle2009/tle537-20090920-05.html

That Sinking GM Feeling
by Jim Davidson
Special to The Libertarian Enterprise

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Later he lies again, “So we’re putting our money where our mouth is.” No, you bastard, you stinking lackey of big government, you filthy thief, you aren’t. GM tried putting their money where their mouth is, and they lost. They went under. So now they are putting our money where their mouth is. He isn’t a nice old man, he’s an evil old liar.

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Absolutely correct.

This gooferment stooge ADMITTED he know nothing about cars. Didn’t do much for AT&T either. Guess he contributed big and get his reward.

Special place in eternity for all of them!

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CORRUPTION: The SEC is “captured”

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http://www.cato-at-liberty.org/2009/07/02/sec-favors-special-interests-in-new-corporate-elections-rule/

SEC Favors Special Interests in New Corporate Elections Rule
Posted by Mark A. Calabria

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Yesterday, the SEC repealed a long-standing rule which allowed brokers to vote shares on behalf of their investors, unless they obtained written directions from each individual investors. While investors have long been able to direct the voting of their shares, many do not take the time to. In these cases, the brokers vote those shares, after all they are the agents of the investors and are hired to act on their behalf.

The direct effect of the rule will be to reduce the voting weight of retail investors, as represented by their brokers. In voting against the rule, SEC Commissioner Kathy Casey raised the point that the rule would skew voting toward large institutional investors and away from little retail investors.

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Then one should not be too surprised to see pension funds be allowed to cast their “uninstructed” votes while brokers cannot. The largest pension funds manage the retirement of unionized state and local employees, often with the fund management itself representing the interests of the unions. We witnessed this same favoring of union interests over the common good in the auto bailouts.

The rule once again illustrates that the new bosses in Washington are busy rewarding their allies at the expense of everyone else.

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I’m shocked — “I’m shocked, shocked to find that gambling is going on in here!” Captain Renault in Casablanca — that there is politics going on in regulation. Ever heard of “regulatory capture” or as a normal human being would call it: “The inmates are running the asylum”!

The SEC did so well in the Made-Off scandal. Never did reimpose the uptick rule. Never did figure out the “ratings agency” problem.

But they can sure pay off contributors fast!

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CORRUPTION: Barney Frank directing bailout funds

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http://online.wsj.com/article/SB123258284337504295.html

JANUARY 22, 2009, 2:45 P.M. ET
Political Interference Seen in Bank Bailout Decisions
Barney Frank Goes to Bat for Lender, and It Gets an Infusion
By DAMIAN PALETTA and DAVID ENRICH

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Troubled OneUnited Bank in Boston didn’t look much like a candidate for aid from the Treasury Department’s bank bailout fund last fall.

The Treasury had said it would give money only to healthy banks, to jump-start lending. But OneUnited had seen most of its capital evaporate. Moreover, it was under attack from its regulators for allegations of poor lending practices and executive-pay abuses, including owning a Porsche for its executives’ use.

Nonetheless, in December OneUnited got a $12 million injection from the Treasury’s Troubled Asset Relief Program, or TARP. One apparent factor: the intercession of Rep. Barney Frank, the powerful head of the House Financial Services Committee.

Mr. Frank, by his own account, wrote into the TARP bill a provision specifically aimed at helping this particular home-state bank. And later, he acknowledges, he spoke to regulators urging that OneUnited be considered for a cash injection.

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Maybe they will give you are ride in the “taxpayer’s” Porsche!

How do we have Barney Frank still in politics?

Gay prostitute. Community Reinvestment Act. Banking system abuse. Now this.

I don’t understand?

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