Hiding Behind Madoff
The History Channel had a new documentary - Ripped Off: Madoff and the Scamming of America
I did not watch the whole thing. I was farely disgusted as numbers were thrown around....as one commenter on the show wrote, "The stock market imploded in the blink of an eye, while we all watched as more than 800 trillion dollars of our collective savings vanish."
My point is that Madoff was at most, 50 billion of that. And he is not the described "Insider" much of the media would have us believe. He was an Ex-Insider. He really was not part of the Good Old Boys White Collar racket. He was a stand-alone operation that really did not partake of any of the normal Financial World. He was hiding funds, pyramid-ing funds, stashing funds, wasting funds, and lying to folks. Not even making the trades and investments he was purporting to make.
Well, who was responsible for the other 799.95 Trillion in evaporated wealth? The 800 Trillion number has me miffed, not sure if it is accurate, but what IS accurate is Bernie Madoff was an almost insignificant player in what shit went down. He affected an almost miniscule spectrum of the country...rich Jewish investors, and mainly Jewish Institutional investments. My condolences to those who lost with him.
The rest of us are left to deal with TRUE INSTITUTIONAL malfeasance and crimes. Built right into our systems....tax codes, savings, retirement plans, employment benefits....all being rigged to pour money into the Financial Sugar Daddies pockets and leave us empty handed. Legal, Massive, Institutionalized Grand Larceny.
The point is, Madoff is GLADLY being made the Poster Boy for this whole affair. My feeling is the vast majority of Americans don't know the names or companies of any of the REAL PRINCIPLE actors in this calamity. And our Corporate Media is happy to keep it that way.
AIG is now on the lips of some Americans. I bet most of them know nothing of AIG, what it's core business is, or even why THEIR name, above all others, has bubbled to the surface.
My feeling is that AIG was at the center of such a huge web that they escaped the LID the Corporate Media has placed on this story. They were so tied in, and at the crossroads of such HUGE malfeasance, and the biggest recipient of Bailout Money....that they just could NOT escape some name recognition in this whole Grand Theft America. However, the Corporate Titans have done an excellent job shielding themselves, along with their Financial Sympathizers like Paulsen, GoldmanSachs, Geithner, Summers, et al....from any real scrutiny that is commensurate with their crimes.
Bernie Madoff is being held out like a rag-doll Human Shield by the Corporate Media. Madoff was never a big player on the national scene. He does not have ties to GE, ABC, Disney, CBS, ViaCom, NBC, FOX......and he was not an advertiser. Letting him burn in effigy is an easy way to scapegoat a "bad apple" and let the rest off relatively Scot Free.
I live by the motto that our "Media" has increasingly become the Keeper of Secrets rather than an illuminating investigative force. They are busier burying the truth and spinning distractions...and almost never uncovering the important crimes and malefactors. Because basically, they are the prime malefactors, and what they are doing is criminal and inhuman and anti-Constitutional. They are guilty of the largest Betrayal of Americans that can be fathomed....yet they base their whole approach as being "The Most Trusted" news sources. They are now in full Cover Up Mode, running their own Ponzi Scheme of Truth.
I did not watch the whole thing. I was farely disgusted as numbers were thrown around....as one commenter on the show wrote, "The stock market imploded in the blink of an eye, while we all watched as more than 800 trillion dollars of our collective savings vanish."
My point is that Madoff was at most, 50 billion of that. And he is not the described "Insider" much of the media would have us believe. He was an Ex-Insider. He really was not part of the Good Old Boys White Collar racket. He was a stand-alone operation that really did not partake of any of the normal Financial World. He was hiding funds, pyramid-ing funds, stashing funds, wasting funds, and lying to folks. Not even making the trades and investments he was purporting to make.
Well, who was responsible for the other 799.95 Trillion in evaporated wealth? The 800 Trillion number has me miffed, not sure if it is accurate, but what IS accurate is Bernie Madoff was an almost insignificant player in what shit went down. He affected an almost miniscule spectrum of the country...rich Jewish investors, and mainly Jewish Institutional investments. My condolences to those who lost with him.
The rest of us are left to deal with TRUE INSTITUTIONAL malfeasance and crimes. Built right into our systems....tax codes, savings, retirement plans, employment benefits....all being rigged to pour money into the Financial Sugar Daddies pockets and leave us empty handed. Legal, Massive, Institutionalized Grand Larceny.
The point is, Madoff is GLADLY being made the Poster Boy for this whole affair. My feeling is the vast majority of Americans don't know the names or companies of any of the REAL PRINCIPLE actors in this calamity. And our Corporate Media is happy to keep it that way.
AIG is now on the lips of some Americans. I bet most of them know nothing of AIG, what it's core business is, or even why THEIR name, above all others, has bubbled to the surface.
My feeling is that AIG was at the center of such a huge web that they escaped the LID the Corporate Media has placed on this story. They were so tied in, and at the crossroads of such HUGE malfeasance, and the biggest recipient of Bailout Money....that they just could NOT escape some name recognition in this whole Grand Theft America. However, the Corporate Titans have done an excellent job shielding themselves, along with their Financial Sympathizers like Paulsen, GoldmanSachs, Geithner, Summers, et al....from any real scrutiny that is commensurate with their crimes.
Bernie Madoff is being held out like a rag-doll Human Shield by the Corporate Media. Madoff was never a big player on the national scene. He does not have ties to GE, ABC, Disney, CBS, ViaCom, NBC, FOX......and he was not an advertiser. Letting him burn in effigy is an easy way to scapegoat a "bad apple" and let the rest off relatively Scot Free.
I live by the motto that our "Media" has increasingly become the Keeper of Secrets rather than an illuminating investigative force. They are busier burying the truth and spinning distractions...and almost never uncovering the important crimes and malefactors. Because basically, they are the prime malefactors, and what they are doing is criminal and inhuman and anti-Constitutional. They are guilty of the largest Betrayal of Americans that can be fathomed....yet they base their whole approach as being "The Most Trusted" news sources. They are now in full Cover Up Mode, running their own Ponzi Scheme of Truth.
