American Elephants

Atty. Gen. Loretta Lynch Orders Prosecutors to Indict Wall Street CEOs by The Elephant's Child

BN-FL097_lynch1_J_20141107112829 Have you seen, or clicked on, those images at the bottom of pages on the internet that urge you to look at some celebrity’s mansion? There’s an estate on Long Island for sale for $100,000,000. and it looks as if it’s quite a hike to get from the enormous house, across the garden, the tennis courts and the other amenities to get to the swimming pool. Do you seethe with envy about inequality? Me neither, but the Leftists among us apparently do.

They are enthusiastic about government, when they are in charge, and the potential of using its power to regulate and control; and they find our mistrust of government and criticism of crony capitalism and other crooked activities hard to understand. The goal is equality—everybody being equal, except for themselves of course—well, somebody has to run things.

They don’t understand business. They hate corporations, filled with fat cats, who are always shipping business overseas and laying off nice people, and the evil, rapacious CEOs who run those corporations are making millions. It isn’t fair.

So just when you thought Obama’s attempts to demonize Wall Street were pretty much over, his new Attorney General Loretta Lynch has issued a memo to prosecutors nationwide to set their sights on Wall Street Bank executives. No corporate liability, no settlements, she wants prosecutors to leverage all their resources to compel corporations under investigation to identify “high-level executives” for criminal misconduct. If they don’t name names, settlement deals will be taken off the table.

In fact, says Investors, “the settlement agreement should include a provision that requires the company to provide information about all culpable individuals and that is explicit enough so that a failure to provide the information results in specific consequences, such as stipulated penalties and/or material breach,” says the seven page memo written by Deputy Attorney General Sally Yates. “We mean it when we say,’You have got to cough up the individuals.”

No longer will the government let bankers off the hook for the kind of “financial fraud” witnessed during the financial crisis. “We seek greater accountability from those who use corporations to lie, cheat and steal.”

Great, she can start with Jon Corzine, former Democratic governor of New Jersey, who oversaw the collapse of commodity brokerage firm MF Global, then got caught up in the ensuing scandal over improper money transfers from customers’ accounts.

Once he’s behind bars, she can move on to Democratic New York Gov. Andrew Cuomo, who as HUD chief shook down Fannie Mae and Freddie Mac for billions in subprime loans, forcing the mortgage giants to invest their portfolios in high-risk mortgages that sped their collapse and helped crash the entire real estate market.

Prosecutors can also target William Apgar, the HUD official behind the disastrous decision allowing Fannie and Freddie to count subprime securities as credit against the agency’s “affordable housing” targets.

Apgar now admits “it was a mistake.” Only he’s never been held accountable for his subprime crimes, either.

Apparently Attorney General Lynch has already decided that Wall Street Bank executives are guilty, and she just needs some corporate squealers to rat out their bosses.  She has seen too many Hollywood movies, or possibly she has just gotten her marching orders from her boss, who wants some CEO scalps for his billion dollar presidential library.  For his legacy.

Extraordinary Adventures in Bureaucracy. by The Elephant's Child
October 2, 2009, 1:15 am
Filed under: Domestic Policy, Freedom, Law | Tags: , , ,

• The AP reported on a letter sent to Lisa Snyder, a suburban mom, by the Michigan Department of Human Services. She was warned to stop watching her neighbors’ children while they waited in the mornings for the school bus. Ms. Snyder was kind enough to do this as a favor for her friends who are working mothers.  Preliminary reports do not indicate whether the warning letter was backed by possible criminal penalties.

• Small-time entrepreneur and inventor Krister Evertson of Wasilla, Alaska was arrested at gunpoint by SWAT-clad FBI agents.  He was unaware that he had to put a federally mandated sticker on his otherwise lawful UPS package.

• A few years ago, Kay Leibrand, a 63 year-old grandmother was arrested by police at her home of 30 years in Palo Alto, California.  She had failed to meet some bureaucrat’s ruling on how high her hedges should be.

• Retiree George Norris, 66 years old, had his house ransacked by armed agents of the U.S. Fish and Wildlife Service.  His home-based business was cultivating, importing, and selling orchids.  He ended up serving two years in prison, finally getting free of federal supervision last December — at the age of 71, for what amounted to paperwork violations.

In July, a bipartisan hearing was held by Chairman Bobby Scott (D-VA) and ranking member Louie Gohmert (R-TX), where both Krister Evertson and George Norris’ wife Kathy testified.  Scott is Chairman of the subcommittee on Crime, Terrorism and Homeland Security, so I suppose that’s it, though it seems a little excessive for a missing sticker and incorrect  paperwork.

What is clear is that poorly drafted legislation or overbroad laws can be used to turn ordinary Americans law-abiding lives into a police-state nightmare.   Lawmakers need to spend as much time eliminating bad laws and making sure that the new laws that they are drafting cannot be used so irresponsibly against innocent people.

Jennifer Granholm, Michigan’s Governor, has quickly called for amendments to the law that her Department of Human Services used to threaten Lisa Snyder for not having registered as a daycare with the state.

Thanks to “The Foundry” at the Heritage Foundation for this story.

NOT the way to start the Christmas season! by American Elephant
November 28, 2008, 9:22 am
Filed under: News, Pop Culture | Tags: ,

All I can say is, what the hell is wrong with people!?!

A worker died after being trampled and a woman miscarried when hundreds of shoppers smashed through the doors of a Long Island Wal-Mart Friday morning, witnesses said.

The unidentified worker, employed as an overnight stock clerk, tried to hold back the unruly crowds just after the Valley Stream store opened at 5 a.m.

Witnesses said the surging throngs of shoppers knocked the man down. He fell and was stepped on. As he gasped for air, shoppers ran over and around him.

“He was bum-rushed by 200 people,” said Jimmy Overby, 43, a co-worker. “They took the doors off the hinges. He was trampled and killed in front of me. They took me down too…I literally had to fight people off my back.”

…Before police shut down the store, eager shoppers streamed past emergency crews as they worked furiously to save the store clerk’s life.

“They were working on him, but you could see he was dead, said Halcyon Alexander, 29. “People were still coming through.”

Only a few stopped.

“They’re savages,” said shopper Kimberly Cribbs, 27. “It’s sad. It’s terrible.” [read more]

For what!? 20% off a Wii?!

I hope every one of them is tracked down and charged with manslaughter.

(ht Michelle Malkin)

It all makes sense now! by Emerald City Elephant

No wonder Democrats want to spend billions on homes in foreclosure!

I’m Afraid These Children are the Future… by Emerald City Elephant
April 22, 2008, 1:29 am
Filed under: Education, Humor, Liberalism, Pop Culture | Tags: , , ,

Remind me never to have surgery done by a University of Colorado graduate. Or anything else for that matter.


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