We all know the Main Stream Media ("MSM") takes a dive on true stories - Often. However, we are the United States of America and trust such national rags as the Wall Street Journal and New York Times to comprehend its responsibility to America and maintain some sort of journalistic integrity.
Such is not the case with the Wall Street Journal or the New York Times and Matt Taibbi has followed up his recent story in a WikiLeaks type manner, detailing in how the SEC has "Destroyed" case files and assisted Wall Street fraud Cover UPs for 19 years. (See Rolling Stone's reporter Matt Taibbi's detailed story on Cover ups by the SEC at "Is the SEC Covering Up Wall Street Crimes").
Vindication comes in the form of Truth finding justice, as the CEO of Goldman Sachs had to hire a criminal defense attorney. We posted a DK Diary on this issue yesterday here "Taibbi -- Sachs CEO hires Attorney". But the saga must continue. The New York Times DealB%k rushed to the rescue of the SEC and exposed itself as a Propaganda machine for assaults upon the Constitution of the United States. The NYT DealB%k story "The S.E.C.'s Document Destruction Problem" is a direct assault upon American, the Constitution, Matt Taibbi and common sense. As is denoted by the bald face Bull Shit the NYT DealB%k babbles;
Although Matt Taibbi in Rolling Stone described the policy as “Orwellian,” the practice looks more like corner cutting to avoid cumbersome federal regulations on document disposal — the very type of conduct that the S.E.C. often criticizes companies for when it pursues an enforcement action.
HAT TIP to DK'r "rasbobbo" who brought us Democracy Now video link
Amy Goodman interview of Matt Taibbi and additional tidbits without TV time restraints.
http://www.democracynow.org/...
All cases referred to the the Dept of Justice, taking more than 1 hour to investigate, must be assigned an Office of Review & Oversight case number. This is the proper protocol to assure all cases of any substance are logged.
What is amazing, is the obtuse reflections of the New York Times and the College Professor they quote in defense of the S.E.C.'s bad faith conduct. We are familiar with Law Prof Peter Henning's works. Professor Henning used to be a featured Blogger on the Law Professors Blog Network "White Collar Crime Prof Blog". But we have to be very disappointed that Professor Henning's desire to stop the over reach of prosecutions in White Collar Crimes, takes him so far as to give what Matt Taibbi correctly notes as an apparent "apologia" as Taibbi denotes;
This is one of those times, as Professor Peter Henning of Wayne University has now submitted what reads like a lengthy apologia on behalf of the SEC.
The crux of Henning’s argument is as follows:
The actual document destruction, which ended last year, probably had no significant effect on any continuing investigations because it only applied to inquiries dropped early. The greater effect is more likely to be on the S.E.C.’s reputation as a credible law enforcement agency, especially in cases involving corporate internal controls.
Destroying Case Files is the Destruction of Evidence
Rolling Stone's Matt Taibbi then goes on to denote that the NY Times DealB%K and Professor Henning are essentially stating that the destruction of case files is inconsequential. We have to vehmently disagree. As denoted in the national case of the Dept of Justice Office of Special Counsel (Scott Bloch's) case - Destroying case files is a CRIME. Scott Bloch was the head of the OSC - the WhistleBlower part of the DEpt of Justice. (see the WikiPedia details (here)). Among the many cases Scott Bloch purportedly destroyed, were cases of descrimination against gays. In our particular case we emailed Scott Bloch when he formed his new office - asking him to correct the injustice in our case. Mr. Bloch never responded to our email.
What is germane, Scott Bloch's offenses were deemed so severe, the federal justice rejected the Dept of Justice plea agreement with Scott Bloch, when it tried to give him Probation only, feeling that Mr. Bloch must serve time for the Destruction of Evidence. It was not only Obstruction of Justice perpetrated by the case file vanquish. It was also an assault upon the Constitution of the United States and a betrayal of his oath by a public servant.
For those of you who may have missed it, yesterday, in our Diary about Matt Taibbi's SEC article and Goldman Sachs CEO having to hire a defense attorney (here), we provided this video of Matt Taibbi being interviewed by Keith Olbermann. It denotes the facts correctly and hits the proverbial nail squarely upon its head.
Keith Olbermann gets straight to the heart of the matter from the outset. He states the questions - So no one from today - could know about the information reported years ago and no one who reported the case years ago, can revisit and document the continuous violations today. Matt Taibbi said correct.
Then Keith Olbermann asked Taibbi - "are they any cases that we know of, that this policy specifically harmed"? Where Matt Taibbi stated that we know Madoff cases were disposed of several times. Any common sense would know this is true, as Markopolos stated that the SEC dropped his case requests repeatedly.
I would also like to point out the obvious. Homeland Security Administration was formed because 1 agency did not communicate their investigations and tips with other agencies. From the collapse of the World Trade Centers to the collapse of Wall Street Mortgage crisis and worse, it would seem that our Dept of Justice watchdog programs desire to be willfully blind - much more than they desire to adhere to their Fiduciary Duties.
TO THE PATHETIC New York Times DealB%K and its Propanda Bull Shit
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- It Ain't right for our public servants to Destroy Evidence
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- Obstruction of Justice transpired when the Madoff case files were Destroyed
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- Crimes and Sedition is occurring when DOJ personal take jobs with the very entities whose case files they destroyed
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Matt Taibbi story links
Matt Taibbi, in the Rolling Stone article
"Sorkin gives Goldman a rubdown"
(N'est-ce pas)
States this
The Sorkin piece reads like it was written by the bank's marketing department, which may not be an accident. In November of last year, the New York Times announced that "Dealbook" was entering into a sponsorship agreement with a variety of companies, including ... Goldman, Sachs. This is from that announcement last year:
quoting Andrew Ross Sorkin's verbatim;
DealBook will also feature news and insights on deal-related topics from Business Day's well-known roster of leading business reporters, which includes recent hires in addition to a veteran stable of Wall Street's most highly-regarded journalists.
Barclays Capital, Goldman Sachs, Sotheby's and Tata Consultancy Services are charter advertisers for the relaunch of DealBook.
from The STREET article
http://www.thestreet.com/...
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Specific case SEC and Dept of Justice Trashed to Cover UP
We have a case of Goldman Sachs with their attorneys' committing more than 100 felony & civil violations. Reports went to the SEC, the Dept of Justice, FBI, US Attorneys and more - all to be dumped in the crapper.
A Baltimore FBI agent called me immediately after the CA US ATtorney Tom O'Brien shut down the DOJ's Public Corruption Task Force (here). US Attorney O'Brien actually Obstructed Justice and got away with it. He also committed the crime of Intimidation of Victim/ Witness violating 18 U.S.C. § 1512 and § 1513, by actually Threatening career Asst US Attorneys to keep their mouths shut about the truth or Else!
http://articles.latimes.com/...
Inexplicably, the FBI agent agent ended the phone call asking me "Why, if you know the Dept of Justice is going to dump the case - should I waste time, money and manpower on it"? I told him that he shouldn't, what he needs to do is Resign from his public office and make the position vacant for someone more noble or idealistic - with some sort of honor to his public oath.
He responded by threatening me, asking me for my DOB, SSN and where I was.
I provided it to him, asked him for his name, number and specific position.
Whereupon, he hanged up the phone!
This is the case that the SEC, FBI and Dept of Justice has buried
- where I ask the following question of the NY Times, Professor Henning and any other person;
How does the SEC, FBI and Dept of Justice explain it is alright to destroy a case file where a Goldman Sachs law firm attorney became the Delaware US Attorney who refused to investigate and prosecute Goldman Sachs and their Law firm?
Especially when that Law firm (www.MNAT.com) Confessed to some crimes?
See Resume of Delaware US Attorney Colm Connolly
http://www.justice.gov/...
Here are the case specifics that the SEC and Dept of Justice don't want you to know
Goldman Sachs to ebc1 public and made 70% of the monies vanish to secret clients. To cover up the fraud, the deliberately bankrupted the client erroneously (ebc1 was NOT broke). Then, through fraudulent manuavers, Goldman Sachs arranged for its Delaware attorney to be ebc1 Debtor's attorney. Whereupon, Goldman Sachs, vis-a-vis 15 acts of Perjuy and Fraud on the Court - schemed to get the courts permission to Destroy the evidence against Goldman Sachs. The law firm never admitted - until 4 years later - that it was connected to Goldman Sachs. This is Obstruction, Destruction, Conspiracy, Collusion and Intimidation of Victim/ Witnesses.
Goldman Sachs attorney also works for BAIN. While committing those acts of Perjury, Goldman Sachs attorney defrauded their client (ebc1) and sold their clients assets to BAIN/ KB for discounts in the hundreds of millions of dollars. BAIN owns Toys R Us - and Toys R Us is in possession of fraudulent (stolen) property. To make sure the scheme succeeded, Goldman Sachs got one of their attorneys to be confirmed as the Delaware US Attorney - who then refused to investigate and/or prosecute Goldman Sachs. When this was learned (7 years later) - it was reported to the Dept of Justice and SEC OIG. Where the Dept of Justice then Shut Down the Public Corruption Task Force and Threatened career Asst US Attorneys to keep their mouths shut or else.
If the SEC and Dept of Justice can so Blatantly & Flagrantly engage in publicly viewable, duplicitous & felonious acts to protect Organized Crime;
how much are they doing in the dark - that you do NOT get to see or hear?
SHAME ON THE NY TIMES DEALB%K
SHAME on the SEC and DOJ Cover UPs
We understand the need for College Professors to be published. It is the vindication of their life's work being fruitful.
However, I have personally corresponded with Professor Henning much over the years. He specifically knows of the case above. It is totally incongruous for him to have the unmitigated gall to spout such utter nonesense - that the SEC's destruction of case files has caused no harm.
Your words are now a testimony against you Professor Henning.
Immortalized by National News to your shame!
You are well familiar with my case and the corruption by destruction.
I hope others will email you about their cases destroyed by the SEC
So that you do the noble thing and redact your statements properly!
Peter.Henning@Wayne.Edu
10:20 PM PT: Missed providing a link to another DK Diary by Steven D - wonderfully detailing the fact that Goldman Sachs CEO needed to hire a defense attorney.
http://www.dailykos.com/...(Updatedx2)-Goldman-Sachs-CEO-Blankfein-Lawyers-UP-Hires-Top-White-Collar-Crime-Defense-Attorney?via=user