Corporate Corruption
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Corporate Corruption
American highlights of corporate corruption within the United States government. Who's controlling this so-called big government?
Curated by Shane Brooks
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Facts have become fiction and fiction has become fact

Facts have become fiction and fiction has become fact | Corporate Corruption | Scoop.it

by JOHN CASHON

 

In a time where facts have become fiction and fiction has become fact, the last Presidential debate did not disappoint. Governor Romney once again has changed on another position. With dizzying effect, this constant switching of positions, during the debates, shows a total disregard to the recent history of his own statements.

 

Concerning the auto bailout change of Governor Romney's statements saying that he would have supported government help to cover the loans to the companies, this appears to be in conflict with what he had been saying, especially in the Governor's Op-ed in the New York Times called Let Detroit go bankrupt.

 

One of the most interesting statements is the beginning of the article:

 

"IF General Motors, Ford and Chrysler get the bailout that their chief executives asked for yesterday, you can kiss the American automotive industry goodbye. It won’t go overnight, but its demise will be virtually guaranteed."

 

History has shown this was incorrect since the American automotive industry is thriving today. Governor Romney also states in the article:

 

"But don’t ask Washington to give shareholders and bondholders a free pass — they bet on management and they lost.

 

The American auto industry is vital to our national interest as an employer and as a hub for manufacturing. A managed bankruptcy may be the only path to the fundamental restructuring the industry needs. It would permit the companies to shed excess labor, pension and real estate costs. The federal government should provide guarantees for post-bankruptcy financing and assure car buyers that their warranties are not at risk.

 

In a managed bankruptcy, the federal government would propel newly competitive and viable automakers, rather than seal their fate with a bailout check."

 

While it mentions that the government should provide guarantees for post-bankruptcy financing and assure car buyers that their warranties are not at risk, the question remains how the government could have provided guarantees for post-bankruptcy financing if there wasn't anyone able to loan money to them in the first place. Everyone, in the private sector marketplace, was holding onto their money because of the uncertainty caused by the 'Great Recession', and credit was not available, so the only way possible was for the government to provide the loans, to be paid back, to the auto companies.

 

As Governor Romney stated in the beginning of his article that a bailout should not be given to the American automotive industry, his assertions today that he would have supported giving government loans does not make sense. Would these loans be considered a bailout as well?

 

Also, permitting the companies to shed excess labor would have lost a large number of jobs, and the shedding of pensions would have hurt millions of workers by taking their retirement funds. All of these were saved by the President's actions.

 

In the earlier debates, Governor Romney has been steadily moving to the middle on his positions regarding abortion, contraception, women's equality, medicare vouchers, Obamacare, along with taxes and the budget.

 

What do Governor Romney's supporters think when they hear him state completely different policy positions in the debates to the ones they have been hearing on the campaign trail, and by all the Republicans backing his candidacy?

 

His supporters have been talking among friends, family and around the water cooler at work about the positions of the Governor and the Republicans, and now, they will have to change to a different position altogether, again.

 

Do they recognize these changes? These are such conspicuous and blatant changes that many Democrats have been asking how none of his supporters have noticed, or if they are intentionally remaining quiet about them. The changes began with the first debate, and it was considered in the media to be political strategy to shift back to the middle for Governor Romney and his campaign, but this many changes makes it look as a desperate switch to appeal to more voters. It is very easy to question how this move was not politically motivated.

 

The question remains if the electorate will have a hard time backing a candidate that has switched positions so quickly and right before the election, because their credibility could be questioned for showing a complete lack of integrity by not sticking by their beliefs.

 

Can it be that this campaign tactic is working and will become the new norm? Can a candidate be trusted if no one is sure of what they believe in the first place? In all future campaigns, each base will have to just ignore everything being said by their candidates, and just vote the party line, because everything being said will not be worth listening to because it is obviously untrue.

 

It doesn't have to be this way though. Sometimes, credibility and integrity do matter.

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Corporate Whistle Blower Center Demands the US Congress Change the Culture of ... - PR Web (press release)

Corporate Whistle Blower Center Demands the US Congress Change the Culture of ... - PR Web (press release) | Corporate Corruption | Scoop.it
PR Web (press release)Corporate Whistle Blower Center Demands the US Congress Change the Culture of ...PR Web (press release)The Corporate Whistle Blower Center believes the US Congress must fully investigate a culture of incompetence at the US...
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The Emperor Wore What? « taxtracker

The Emperor Wore What? « taxtracker | Corporate Corruption | Scoop.it

Staff is presenting information they've gathered from their friends who now work for Big Tobacco.  To you, me, and anyone else who looks at it, HR4134 is a screwed up favor specifically designed to benefit Big Tobacco.

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Activist Post: The Mechanics of Fractional Reserve Banking (1/6)

Activist Post: The Mechanics of Fractional Reserve Banking (1/6) | Corporate Corruption | Scoop.it

"Part 1 explains the basic mechanics of fractional reserve banking in very simple
terms with examples.

 

Part 2 answers "What is Money?" for the purposes of the discussion.

Part 3 illustrates how and why fractional reserve banking is fraudulent.

 

Part 4 shows how the system can fall apart, and two attacks that the
banksters can use to steal wealth from people.

 

Part 5 examines usury and compound interest as forms of invisible slavery.

 

Part 6 is a quick summary with links to other resources.

Each part builds on the previous, so it is strongly recommended to read through in order. Even if you have a solid understanding of fractional reserve banking, there are a few new twists that I add to the traditional understanding of it that could be missed."

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Coming Soon: The Bipartisan Compromise That Will Erode Our Safety Net

Coming Soon: The Bipartisan Compromise That Will Erode Our Safety Net | Corporate Corruption | Scoop.it

An interesting perspective concerning a possible lame duck bi-partisan deal, to rob the middle class and poor of  their poorly managed, grossly underfunded, sadly inadequate and yet still very crucial social safety nets.

"What a long, strange trip it's been. Despite a decade of attempts by Pete Peterson and his accomplices to "re-educate" us about the necessity of slashing our social safety net, the public has politely refused to take the bait. So every time, they simply move the goal posts closer, never taking their eye off the prize. They will never give up."

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A List of Goldman Sachs People in the Obama Government: Names Attached to the Giant Squid's Tentacles | MyFDL

A List of Goldman Sachs People in the Obama Government: Names Attached to the Giant Squid's Tentacles | MyFDL | Corporate Corruption | Scoop.it

The GOP aren't the only ones being held under the thumb of banking and corporate control.  Here's an indepth look at the Goldman Sachs minions within the Obama administration, and a glimpse of how a government of by and for the corporations works.

"One further caveat.  The Obama administration is not the first administration that Goldman has infiltrated, although it is perhaps the one that has been most completely co-opted from top to bottom. Recall that former Secretary of the Treasury Paulson in the George W. Bush era came from–Goldman Sachs where he was its chief.  Recall too that the brilliant, late economist John K. Galbreath has written an entire chapter of a book devoted to the Great Depression and the economic collapse of Wall St. that accompanied it to the role of Goldman Sachs.


Law professor William Black, who participated in actions against individuals in the Savings and Loan collapses decades ago, recently told Bill Moyers recently that:


"The highest return on assets is always a political contribution."

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Letters: Walker's agenda benefits corporate America

Letters: Walker's agenda benefits corporate America | Corporate Corruption | Scoop.it

Why help out the people and small businesses of your state, when you can just pander to your corporate constituents?

"On live tape when he comments, "dropping the bomb", "making the state red" and the strategy of "divide and conquer," he is speaking loud and clear about his lack of integrity."

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The Organic Watergate: Advocates Condemn Corruption and ...

The Organic Watergate: Advocates Condemn Corruption and ... | Corporate Corruption | Scoop.it

"The Cornucopia report charges the USDA with “stacking” the NOSB with agribusiness executives that all too often have “sold out” the interests of organic farmers and consumers."

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‘New York Times’ Critical of FDA’s Close Ties to Medical Device Makers

‘New York Times’ Critical of FDA’s Close Ties to Medical Device Makers | Corporate Corruption | Scoop.it

"So, instead of focusing solely on what is best for the American public, the FDA now has to make deals within the very industry it regulates in order to actually meet its mandate of ensuring the health and safety of American consumers. Manufacturers currently pay user fees to the FDA in return for quicker review times, and that deal is likely to be renewed this fall."

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Nonprofits, Businesses Call For End To Corporate Secrecy

Nonprofits, Businesses Call For End To Corporate Secrecy | Corporate Corruption | Scoop.it

41 businesses and non-profits pressure congress to pass legislation revealing actual owners of businesses at time of incorporation.  Aside from what's mentioned in the following quote, it will be interesting to see how many congressional members and their corporate racket ball buddies are engaging in such shadowy shell games.  I'm sure there's a logical explanation for routinely engaging in legalized criminal activity. 

"Investigations continue to reveal that American and foreign terrorists, narco-traffickers, arms dealers, corrupt foreign officials, tax evaders, individuals targeted for financial sanctions and other criminals easily and regularly set up U.S. shell companies, without providing any information about who owns or controls such companies,” the letter says."

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Collusion for Firefox: Who’s tracking you? | Digital Transparency

Collusion for Firefox: Who’s tracking you? | Digital Transparency | Corporate Corruption | Scoop.it
Collusion add on for Firefox displays how advertisers track you across the websites you visit through cookies (RT @VanessaGuyot: Collusion for Firefox: Who’s tracking you?
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Expose Corrupt Courts: Federal Judges Direct Anderson in New ...

Expose Corrupt Courts: Federal Judges Direct Anderson in New ... | Corporate Corruption | Scoop.it
Federal Judges Direct Anderson in New Witness Tampering Filing. Federal Appeals Panel Directs Anderson to Judge Scheindlin in New Witness Tampering Filing May 29, 2012. United States Court of Appeals for The Second ...
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Grits for Breakfast: Spillover corruption: Texas companies laundered ...

Grits for Breakfast: Spillover corruption: Texas companies laundered ... | Corporate Corruption | Scoop.it
RELATED: Americans are quick to judge Mexican corruption, but this isn't the first recent scandal involving US-based corporations handing out bribes in Mexico. Though so far no one has accused the company of laundering ...
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The Miscreants’ Global Bust-Out (Chapter 1): Was the United States Attacked by “Financial Terrorists”? | Deep Capture

The Miscreants’ Global Bust-Out (Chapter 1): Was the United States Attacked by “Financial Terrorists”? | Deep Capture | Corporate Corruption | Scoop.it

"Nobody, of course, is guilty by virtue of his relationships alone. That a “legitimate” financial operator (whether he be from the United States, Canada, Saudi Arabia, or wherever) has done business with, say, a Russian organized crime boss or a Saudi billionaire who has funded Al Qaeda, does not mean that the “legitimate” financial operator supports terrorism or would knowingly participate in a politically motivated act of financial terrorism against the United States.

 

Nonetheless, there is strong reason to believe that the report for the Department of Defense Irregular Warfare Support Program was right: the United States was attacked by financial operators with ties terrorist organizations and rogue states. There is also clear reason to believe that “legitimate” American financial operators and transnational organized crime syndicates have attacked the markets. In addition, there is reason to believe that some relationships between these various consituencies are not altogether irrelevant, and might, indeed, account for the magnitude of the damage done to the financial system. 

 

The evidence is not 100 percent conclusive, but the facts are suggestive. At a minimum, they point to a scenario for how things might have played out in 2008–a scenario that needs to be taken seriously because it does show that the United States is, without doubt, vulnerable to future attack. Indeed, there is every reason to believe that such an attack is inevitable.

 

When the attack comes, I hope that this story will have provided at least a few good answers to that first question:  ”By whom?”

 

As to the Defense Department report’s second question – why? – I have no definitive answers. And ultimately, the question might be irrelevant. The damage to the economy is the same whether it has been done in the name of profit or jihad; in the name of terror, geopolitics, another billion bucks, or nothing more than the fun of the game. The financial operators who will be described in this story come in many stripes, but their various activities pose a collective threat to American prosperity and national security."

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Dimon's JPMorgan Chase: Why It's the Scandal of Our Time

Dimon's JPMorgan Chase: Why It's the Scandal of Our Time | Corporate Corruption | Scoop.it

"Some people have called for reasonable steps in the wake of this scandal:  Tighten banking regulations. Strengthen the Volcker rule. Restoring Glass-Steagall.  Force Jamie Dimon to resign from the board of the New York Fed.


Each of these moves would be a start—but they would only be a start.  But the story of Jamie Dimon and JPMorgan Chase illustrates a far deeper, far more systemic problem.  It highlights the broken and corrupt matrix of relationships between rich (and often lawbreaking) bankers, politicians and regulators in Washington, and supplicating figures in the national media.
 

This is an opportunity to explain what's wrong with our system and pursue ways of fixing it.  Let's seize the moment now—before it's too late and they break the economy again."

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The Other Corruption | Firedoglake

The Other Corruption | Firedoglake | Corporate Corruption | Scoop.it
Campaign contributions aren't the only way to buy politicians. (The #Other #Corruption http://t.co/6RF5cRC1 #USA #Political #Campaigns. #Politicians.
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FDA Accused of Mass Homicide

FDA Accused of Mass Homicide | Corporate Corruption | Scoop.it

When you have an unethical and unholy marriage with industries such as Big Pharma, it's really no surprise that people will die unnecessarily.

"Based on the figures presented by the FDA, at least 30 million people have suffered serious injury or death as a result of taking FDA-approved drugs just since 1998 when the first cited study was published. If you go back several more decades, it is clear that potentially hundreds of millions of people have been directly harmed by the FDA’s “negligent homicide.”

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The Book Big Tobacco Doesn't Want You to Read

The Book Big Tobacco Doesn't Want You to Read | Corporate Corruption | Scoop.it

A very interesting article about Big Tobacco.  This article doesn't mention anything about electronic cigarettes, but I was amused by the professors very last statement in the article. 

I find it interesting that Lorillard also just bought Blu Ecigs, at a time when the FDA and Big Pharma worked out a deal for fast tracking approval of medical devices.  That and the fact that they just relaxed protocol which would "normally" (LOL) prevent such companies that develop medical devices, from working with agency scientists and regulators with conflicts of interests.  The FDA, Big Pharma, and Big Tobacco would no doubt certainly love to crush the new emerging eCig free market opportunity and make a simple device that is currently readily available, to "become" a complicated medical device that they can control. 

The thing that frustrates me most other than the collusion, is how the FDA warns against using eCig devices because they aren't "clinically proven" to be safe, yet turn consumers back towards Big Tobacco products that are KNOWN to have carcinogens and cause cancer....and are approved. 

"For every $10,000 in profits the industry earns, he  calculates, another smoker dies."

It's either that or you can go spend money on Big Pharmas low nicotine dosage patches and lozenges that in my opinion are designed not to work, so that you keep forking over your money rather than help folks successfully kick the habit. 

I wonder how the very recent and troubling granting of a US patent of eCig devices to Dragonite International plays into all of this...especially with the FDA and others recently urging swift "deeming regulations"?

If you are a person such as myself who has successfully kicked the habit of tobacco with the help of an electronic cigarette, I wouldn't give Lorillard (Blu Ecigs) one penny of your money.  These industries don't care about our health or people in general, only profits and control.

"By his own estimate, Proctor spent a decade poring over more than  100,000 tobacco industry documents unearthing details such as a primer  on how to reach "young starters" and a 1970 Lorillard memo suggesting  that "Negroes" smoke menthols to "mask" their "real/mythical odor." The  57-year-old prof is a walking encyclopedia of tobacco arcana, apt to  mention things like "beaver," a rodent anal secretion sometimes added to  cigarettes, perhaps to enhance "pack aroma."

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Rajat Gupta, Corporate Wise Man, Set for Trial in Insider Case

Rajat Gupta, Corporate Wise Man, Set for Trial in Insider Case | Corporate Corruption | Scoop.it

A real who's who in the world of finance and corruption.  Major insider training investigation and trial set that involves ties with Goldman Sachs, Proctor & Gamble, American Airlines among others.  Is their collusion happening to throw the innocent under the bus?  A minor player pegged to be the fall guy?  Who knows, it's business as usual as we're presented with another great American highlight.

"The jury trial, presided over by Judge Jed S. Rakoff, will feature a who’s who of possible witnesses. Among them are Lloyd C. Blankfein, the chief executive of Goldman, and A. G. Lafley, the former chief executive of Procter & Gamble. They and other senior Goldman and Procter & Gamble officials are likely to testify about the confidential nature of the financial data and corporate transactions that Mr. Gupta is accused of leaking to Mr. Rajaratnam."

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Corporate Criminals Gone Wild

Corporate Criminals Gone Wild | Corporate Corruption | Scoop.it

Charles Ferguso the creator of the 'Inside Job' documentary that detailed the collusion between government, wall street and academic circles helped cause the greatest financial nightmare since the Great Depression in a candid interview about the release of his new book 'Predator Nation: Corporate Criminals, Political Corruption, and the Hijacking of America.

The description goes on to explain how this book "can be considered the legal brief that dots every “i” and crosses every “t” in his argument. A tightly argued, profusely footnoted and deeply enraged castigation of everyone involved, “Predator Nation” isn’t just a factually unchallengeable account of how Wall Street blew up the global economy. It’s a denunciation, a call for justice and a warning: After getting away with the crime of the century, Wall Street still isn’t satisfied."

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