Danny Schechter - ColdType

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Contents Preface By Larry Beinhart, author Wag The Dog xi Musical Preface: Soundtrack By Polar Levine/Polarity 1 xiv PROLOGUE xix INTRODUCTION: Our Time And Financial Crime xxxi CHAPTER 1: The Madoff Moment 1 CHAPTER 2: The White Collar Prison Gang 29 CHAPTER 3: The Crimes of Wall Street 31 CHAPTER 4: The Criminal Mind 43 CHAPTER 5: The Crime At The Heart of The Crime 49 CHAPTER 6: What Should Be Prosecuted? 53 CHAPTER 7: Investigating Financial Criminals 59 CHAPTER 8: Count One: Predatory Subprime Lending 67 CHAPTER 9: The Victims Are Everywhere 83 ix
x CHAPTER 10: Witnesses For The Prosecution 87 CHAPTER 11: Count Two: Wall Street Complicity 91 CHAPTER 12: Count Three: The Insurers 97 CHAPTER 13: Co-Conspirators: The Role of The Media 107 CHAPTER 14: Warnings Ignored 117 CHAPTER 15: The Bear Stearns “Bleed-Out” 125 CHAPTER 16: The Liquidation of Lehman 141 CHAPTER 17: Are Our Markets Manipulated? 153 CHAPTER 18: The Testosterone Factor 169 CHAPTER 19: The Role of Regulators and Politicians 177 CHAPTER 20: Judgment Day `93 EPILOGUE 209 AUTHOR’S BIO 211
Page 1 and 2: “[This] may well turn out to be g
Page 4 and 5: Comments on The Crime of Our Time
Page 6: “Danny ranges wide over the polit
Page 9 and 10: THE CRIME OF OUR TIME WaS the econo
Page 14 and 15: PrefaCe By Larry Beinhart Dear Pros
Page 16 and 17: Boesky accepted a plea bargain. Thr
Page 18 and 19: MUsICaL PrefaCe/ soUnD traCK Plunde
Page 20: “Denial is the refusal to acknowl
Page 23 and 24: xx lies losing their homes. After a
Page 25 and 26: xxii analysis. There may be journo-
Page 27 and 28: xxiv “The investigation is the la
Page 29 and 30: xxvi then so clearly an economic bo
Page 31 and 32: xxviii I was well aware of all the
Page 33 and 34: xxx Special thanks to ColdType.net
Page 35 and 36: xxxii offs have taken a heavy toll
Page 37 and 38: xxxiv of failures were cited - a fa
Page 39 and 40: xxxvi borrowers would not be able t
Page 41 and 42: xxxviii any illusion that public or
Page 43 and 44: xl eclipses the S&L debacle in term
Page 45 and 46: xlii The requirement of a liquid fi
Page 47 and 48: xliv • This environment was enabl
Page 49 and 50: xlvi fundraiser, “This is an impr
Page 51 and 52: xlviii But there were many who saw
Page 53 and 54: l Commenting in the Atlantic magazi
Page 55 and 56: lii white-collar criminals build ar
Page 57 and 58: liv wrong doers are to be brought t
Page 60 and 61: CHAPTER 1 THE MADOFF MOMENT BEFORE:
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the SEC’s Division of Enforcement
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sands of clients had $65 billion. B
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‘How am I supposed to find the se
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Noting that “for decades, Mrs. Ma
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11 And what about the victims? What
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13 kerage called Cohmad) was a “p
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15 In early September 2009, the SEC
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in which we took them, along with h
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19 These suggestions may or may not
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21 ber #3 was Norman Schmidt who ra
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23 in this case, I would suspect th
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violent and physical crimes. If som
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about them, namely investigations a
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30 Times’ Gillian Tett worries th
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32 Over 730,000 counts of suspected
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34 didn’t think that they, how co
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36 So there you have it - the same
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38 The victims of corporate crimina
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40 attracted a slew of illustrious
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42 use the “borrowed” money to
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44 inside deals, require less artis
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46 “Because we measure the effect
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48 White House is not going to be t
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50 it; so they set it up, not as a
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CHAPTER 6 wHO sHOulD bE prOsEcuTED?
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ecause of a failure of a number of
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state, in the grip of the early-Rea
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CHAPTER 7 iNVEsTigATiNg FiNANciAl c
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estimate the strength of hostile el
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former executives running the feder
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As readers know, I have stated many
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CHAPTER 8 cOuNT 1: prEDATOrY subpri
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I interviewed him at length. He is
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In the November 2006 study we expla
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They write: 73 Those who are allege
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75 fact, mechanically more interest
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General Andrew Cuomo labels as a sc
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79 It is hard not to feel that her
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81 Research Service Report in Augus
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84 a little piece of the layer of a
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86 A former Vice President of Stand
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88 sion in which he examined one ho
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CHAPTER 11 cOuNT TwO: wAll sTrEET c
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93 tion, vast resources were transf
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Flanders then asked Black to bring
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CHAPTER 12 COUNT THREE: THE INSURER
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AIG’s later role in escalating th
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101 BILL MOYERS: Is it possible tha
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103 you might have seen an opportun
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105 not a question most media outle
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108 eling but there was no discussi
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110 scamming them - and there is tr
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112 earnings were being created. Th
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114 out at his former colleagues du
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116 There is an unfortunate dialect
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118 advertising money sloshing arou
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120 It was startling to watch a Fox
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122 I pressed Starkman on whether t
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CHAPTER 15 THE BEAR STEARNS “BLEE
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as collateral to obtain overnight l
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129 DS: Around 11 am they watch the
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131 was financing and forcing the b
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133 hearing about a mortgage being
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135 Bamber replied, “Absolutely,
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137 www.huffingtonpost.com/ellen-br
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STEWART: But isn’t that financial
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142 this was a turning point in the
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144 the credit-market collapse that
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146 Shock Doctrine, in which a majo
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148 Doctor Housing Bubble, Lehman B
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150 management of internal risk and
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152 In the aftermath of his company
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154 the price of oil kept rising sh
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156 The government has machinery in
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158 The reports on it are sketchy,
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160 system. And while there is some
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162 tronically printed cash and buy
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164 this is where all the money is
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166 “Bernanke is being praised fo
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CHAPTER 18 THE TESTOSTERONE FACTOR
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171 prostitutes exposed in each win
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173 “Sexualize?” I asked him, h
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175 There was another cultural phen
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178 non-governmental think tanks re
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180 $5 BILLION IN POLITICAL CONTRIB
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182 ing the post of Treasury Secret
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184 AP explained. “The report sai
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186 In Obama’s speeches across th
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188 financial system because if you
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190 ing at a snail’s pace.) Johns
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192 parency for derivatives as a re
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194 structure of the economy itself
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196 predators are not getting away
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198 current big finance) vs. centri
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200 tions of power still associate
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202 all trapped inside the bubble a
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204 officials who knowingly misled
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206 The chances of a just outcome a
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208 Wall Street’s behavior may be
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210 are not ones we can count on. W
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212 Schechter’s professional jour
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214 1999 A Hero for All: Nelson Man
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From the Author of PLUNDER, WHEN NE
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Danny Schechter - ColdType

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