Danny Schechter - ColdType

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MUsICaL PrefaCe/ soUnD traCK Plunder theme song by Polar Levine The shine on America’s shoes got dulled When Wall St. stepped into the Fuld Congress paid off, workers laid off Stanford, AIG and Madoff Credit swaps and credit stops Empty wallets, empty shops Dead bank walking is triple A Grampa loses 401k Chorus: Plunder It’s a capital crime Will anybody do the time? Money for nothing. Nothing for money The housing bubble and the Easter bunny The free market, Santa Claus Fairy tales and a nation of laws Bankruptcies, commodities Retention bonus, credit freeze We’re all paying for the bailout Shaking the pitchfork, calling for a jailout. xv
xvi Clueless experts, clueless news Waitin for the sound of dropping shoes One shoe drops, the other shoe drops One parachute drop ahead of the cops Over-levereged, over-paid Hard cash too easily made Easy credit for easy crime For the American dream -– death by sub-prime Greenspan serving up the Kool Aid Timebomb ticking on every trade The mirror flatters; the razor... sharp On the company jet tootin’ up the TARP Masters of the universe . . . the master’s voice Greed is the creed . . . the drug of choice Toxic assets . . . the master plan Greed is the asset of the toxic man Chorus PLUNDER ©2009 Polar Levine — Sine Language Music/BMI
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 12 and 13: Contents Preface By Larry Beinhart,
Page 14 and 15: PrefaCe By Larry Beinhart Dear Pros
Page 16 and 17: Boesky accepted a plea bargain. Thr
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:
Page 62 and 63: the SEC’s Division of Enforcement
Page 64 and 65: sands of clients had $65 billion. B
Page 66 and 67: ‘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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