Insitutional Corruption is America’s Main Problem

The Cop Is On the Take

Government corruption has become rampant:

  • Senior SEC employees spent up to 8 hours a day surfing porn sites instead of cracking down on financial crimes
  • NSA spies pass around homemade sexual videos and pictures they’ve collected from spying on the American people
  • Investigators from the Treasury’s Office of the Inspector General found that some of the regulator’s employees surfed erotic websites, hired prostitutes and accepted gifts from bank executives … instead of actually working to help the economy
  • The Minerals Management Service – the regulator charged with overseeing BP and other oil companies to ensure that oil spills don’t occur – was riddled with “a culture of substance abuse and promiscuity”, which included “sex with industry contacts
  • Agents for the Drug Enforcement Agency had dozens of sex parties with prostitutes hired by the drug cartels they were supposed to stop (they also received moneygifts and weapons from drug cartel members)

  • The government-sponsored rating agencies committed massive fraud (and see this)
  • The former chief accountant for the SEC says that Bernanke and Paulson broke the law and should be prosecuted
  • The government knew about mortgage fraud a long time ago. For example, the FBI warned of an “epidemic” of mortgage fraud in 2004. However, the FBI, DOJ and other government agencies then stood down and did nothing. See this and this. For example, the Federal Reserve turned its cheek and allowed massive fraud, and the SEC has repeatedly ignored accounting fraud. Indeed, Alan Greenspan took the position that fraud could never happen
  • Paulson and Bernanke falsely stated that the big banks receiving Tarp money were healthy, when they were not. The Treasury Secretary also falsely told Congress that the bailouts would be used to dispose of toxic assets … but then used the money for something else entirely
  • Warmongerers in the U.S. government knowingly and intentionally lied us into a war of aggression in Iraq. The former head of the Joint Chiefs of Staff – the highest ranking military officer in the United States – said that the Iraq war was “based on a series of lies”. The same is true in Libya and other wars
  • In an effort to protect Bank of America from the threatened Wikileaks expose of wrongdoing – theDepartment of Justice told Bank of America to a hire a specific hardball-playing law firm to assemble a team to take down WikiLeaks (and see this)
  • The Bush White House worked hard to smear CIA officersbloggers and anyone else who criticized the Iraq war

The biggest companies own the D.C. politicians. Indeed, the head of the economics department at George Mason University has pointed out that it is unfair to call politicians “prostitutes”. They are in factpimps … selling out the American people for a price.

Government regulators have become so corrupted and “captured” by those they regulate that Americansknow that the cop is on the take. Institutional corruption is killing people’s trust in our government and our institutions.

Indeed, America is no longer a democracy or republic … it’s officially an oligarchy.

The allowance of unlimited campaign spending allows the oligarchs to purchase politicians more directly than ever. Moreover, there are two systems of justice in America … one for the big banks and other fatcats, and one for everyone else.

Big Corporations Are Also Thoroughly Corrupt

But the private sector is no better … for example, the big banks have literally turned into criminal syndicates.

Wall Street and giant corporations are literally manipulating every single market.

And the big corporations are cutting corners to make an extra penny … wrecking havoc with their carelessness. For example:

We’ve Forgotten the Lessons of History

The real problem is that we need to learn a little history:

  • We’ve known for thousands of years that – when criminals are not punished – crime spreads
  • We’ve known for centuries that powerful people – unless held to account – will get together and steal from everyone else

Beyond Partisan Politics

Liberals and conservatives tend to blame our country’s problems on different factors … but they are all connected.

The real problem is the malignant, symbiotic relationship between big corporations and big government.

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What's been said:

Discussions found on the web:
  1. VennData commented on May 8

    America’s main problems is nuts saying what America’s main problems is using his anecdotal nonsense like some Alien-spotting late night talk show host.

  2. Low Budget Dave commented on May 8

    So how would you invest in a situation like this? My first reaction is that this gives some credibility to gold bugs.

  3. lucas commented on May 8

    Long lists are always very effective. Make a list of miracles from the Bible and people will conclude that miracles were commonplace events. Lists always need to be carefully evaluated. We need to be careful about letting lists like this leading us to conclude that all cops are bad. A bigger problem is that Internal Affairs often finds itself stonewalled in the name of loyalty. People also need to be careful of Monday morning quarterbacking. “Why did they shoot the gun out of his hand?”

    Like they do in the movies.

  4. jbegan commented on May 8

    Unbelievable. I see these stories every day, but haven’t seen it presented in such an overwhelming fashion. This is plainly terrible and a horrible indictment of our Democracy. God save us all. He’s the only hope we have left.

  5. jlj commented on May 9

    Quite horrible and awe filling. But not sure how this is any different from the US in the 1800’s or early 1900’s. At least there is more bread and circuses for many of us.

  6. swag commented on May 9

    The porn jerkoffs I’ve seen in the Wall St racket have generally been worse than the porn jerkoffs I’ve seen in government.

    But I’m appalled by the lack of basic web filtering I see in all offices.

    Well, really, I don’t give a shit anymore: I’m old and almost retired.

  7. jcallip commented on May 9

    Wow I almost thought I was on zerohedge for minute!!!!

  8. Winchupuata commented on May 9

    It makes you wonder how anything keeps on functioning day after day.

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