Showing posts with label financial crime. Show all posts
Showing posts with label financial crime. Show all posts

Monday, January 27, 2014

The FBI, having bungled 9/11, has now decided to rebrand its primary function as "national security" -- at the expense of cutting their white-collar-crime unit now that Wall Street and bankster crime is running rampant. And what more can they do than NSA, which confessed under oath that by spying on everyone for years they have uncovered ZERO terrorist plots?



FBI Drops Law Enforcement as Primary Mission


BY JOHN HUDSON   |  JANUARY 5, 2014 -- 9.49 PM                                          ORIGINAL HERE



The FBI's creeping advance into the world of counterterrorism is nothing new. But quietly and without notice, the agency has finally decided to make it official in one of its organizational fact sheets. Instead of declaring "law enforcement" as its "primary function," as it has for years, the FBI fact sheet now lists "national security" as its chief mission. The changes largely reflect the FBI reforms put in place after September 11, 2001, which some have criticized for de-prioritizing law enforcement activities. Regardless, with the 9/11 attacks more than a decade in the past, the timing of the edits is baffling some FBI-watchers.

"What happened in the last year that changed?" asked Kel McClanahan, a Washington-based national security lawyer.

McClanahan noticed the change last month while reviewing a Freedom of Information Act (FOIA) request from the agency. The FBI fact sheet accompanies every FOIA response and highlights a variety of facts about the agency. After noticing the change, McClanahan reviewed his records and saw that the revised fact sheets began going out this summer. "I think they're trying to rebrand," he said. "So many good things happen to your agency when you tie it to national security."

Although a spokesman with the agency declined to weigh in on the timing of the change, he said the agency is just keeping up with the times. "When our mission changed after 9/11, our fact sheet changed to reflect that," FBI spokesman Paul Bresson told Foreign Policy. He noted that the FBI's website has long-emphasized the agency's national security focus. "We rank our top 10 priorities and CT [counterterrorism] is first, counterintel is second, cyber is third," he said. "So it is certainly accurate to say our primary function is national security." On numerous occasions, former FBI Director Robert Mueller also emphasized the FBI's national security focus in speeches and statements. 

FBI historian and Marquette University professor Athan Theoharis agreed that the changes reflect what's really happening at the agency, but said the timing isn't clear. "I can't explain why FBI officials decided to change the fact sheet... unless in the current political climate that change benefits the FBI politically and undercuts criticisms," he said. He mentioned the negative attention surrounding the FBI's failure in April to foil the bomb plot at the Boston Marathon by Dzhokhar and Tamerlan Tsarnaev.

Whatever the reason, the agency's increased focus on national security over the last decade has not occurred without consequence. Between 2001 and 2009, the FBI doubled the amount of agents dedicated to counterterrorism, according to a 2010 Inspector's General report. That period coincided with a steady decline in the overall number of criminal cases investigated nationally and a steep decline in the number of white-collar crime investigations.

"Violent crime, property crime and white-collar crime: All those things had reductions in the number of people available to investigate them," former FBI agent Brad Garrett told Foreign Policy. "Are there cases they missed? Probably."

Last month, Robert Holley, the special agent in charge in Chicago, said the agency's focus on terrorism and other crimes continued to affect the level of resources available to combat the violent crime plaguing the city. "If I put more resources on violent crime, I'd have to take away from other things," he told The Chicago Tribune.

According to a 2007 Seattle Post-Intelligencer investigation, the Justice Department did not replace 2,400 agents assigned to focus on counterterrorism in the years following 9/11. The reductions in white-collar crime investigations became obvious. Back in 2000, the FBI sent prosecutors 10,000 cases. That fell to a paltry 3,500 cases by 2005.  "Had the FBI continued investigating financial crimes at the same rate as it had before the terror attacks, about 2,000 more white-collar criminals would be behind bars," the report concluded. As a result, the agency fielded criticism for failing to crack down on financial crimes ahead of the Great Recession and losing sight of real-estate fraud ahead of the 2008 subprime mortgage crisis.

In many ways, the agency had no choice but to de-emphasize white-collar crime. Following the 9/11 attacks, the FBI picked up scores of new responsibilities related to terrorism and counterintelligence while maintaining a finite amount of resources. What's not in question is that government agencies tend to benefit in numerous ways when considered critical to national security as opposed to law enforcement. "If you tie yourself to national security, you get funding and you get exemptions on disclosure cases," said McClanahan. "You get all the wonderful arguments about how if you don't get your way, buildings will blow up and the country will be less safe."

Saturday, January 29, 2011

THE US GOVERNMENT HAS JUST DECLINED TO INDICT THOSE RESPONSIBLE FOR THE GREATEST REVERSE-ROBIN-HOOD ROBBERY IN HISTORY!!!



On Thursday in Washington, the Financial Crisis Inquiry Commission reported it's findings. And guess what? They found blame everywhere they looked ...but they couldn't see the fraud for the sleeze.

You can download this 696-page whitewash here. Or you can watch the TELL-IT-LIKE-IT-IS video below. The Bill Black videos that Prof. Hudson refers to can be found here.

You should be angry! Very angry!!! Not only did the big banks and banksters avoid indictment for the mega-crimes that crashed the western world's economies, but they also get to walk away with between $13- and $23-TRILLION of our taxpayer money dished out to cover their gambling debts.

The American working poor and middle class have just been tacitly reduced to serfdom ...and this is BEFORE they start cutting Social Security and Medicare to "reduce the deficit" that resulted from the greatest reverse-Robin-Hood rip-off in history!!!

Just how long are we going to tolerate this, folks?



 theREALnewsnetwork .

January 28, 2011

Inquiry Doesn't Call Crisis Systemic Fraud

Michael Hudson: Financial Crisis Inquiry Report fails to call for criminal prosecutions against Wall Street

More at The Real News

Bio

Michael Hudson is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of Super-Imperialism: The Economic Strategy of American Empire (1968 & 2003), Trade, Development and Foreign Debt (1992 & 2009) and of The Myth of Aid (1971). ISLET engages in research regarding domestic and international finance, national income and balance-sheet accounting with regard to real estate, and the economic history of the ancient Near East. Michael acts as an economic advisor to governments worldwide including Iceland, Latvia and China on finance and tax law.