"It was THIS big!"
The announcement on Monday Former SEC Counsel Rejoins Cleary Gottlieb Amid Madoff Scrutiny by Joshua Gallu (Bloomberg May 9, 2011) pretty much settles the matter: former General Counsel David Becker’s departure from the Agency was hasty and unplanned. Becker had been unemployed since the end of February: no professional living by generating hourly fees would normally permit such a gap.
As I have previously noted, Becker was recruited to the Agency in February 2009 by incoming Chairwoman Mary Schapiro — who herself got her job as a direct consequence of the Madoff fiasco which had shattered the reputation of the SEC the previous December. The following month, in a meeting with Schapiro and whistleblower Harry Markopolos, Becker
picked a quarrel over extraneous trivia and threw a tantrum so violent that Markopolos’ lawyer “thought that he was about to come right over that table and go for my throat” (Markopolos, 249). Consequently, the meeting was terminated
See Is the Madoff Scandal Paradigmatic? In this essay, Kevin Macdonald and I suggested this was another example of the typically lethal Jewish response to those deemed to have been instrumental (however innocently) in harming Jewish interests. We cited the notorious Cliff Robertson blacklisting: and Professor Macdonald has subsequently reported another. However, it turned out that David Becker had a more personal motive: a few days after the abrupt February 1st announcement of his departure he and his two brothers were sued by the Madoff trustee for some $1.545 million of the $2.045 million Madoff account they inherited from their mother in 2004 and liquidated the following year. While he claimed not to know this was happening, the suit was filed in late 2010 and it is inconceivable that the Trustee did not try to settle before litigating. It rapidly became clear that few if any of his colleagues with whom he dealt on Madoff matters had any idea that Becker had such an involvement.
House Republicans thought it so odd they got Mary Schapiro to testify about it (Becker refused to testify and was not subpoenaed). In her testimony, Schapiro essentially threw Becker to the wolves. She maintained his key defensive assertions but
testified that she relied on Becker, an experienced lawyer, to handle any ethical issues after he told her about the account in 2009. “Do I wish now that he had been more sensitive to the potential of this issue to raise an appearance of a conflict? Yes, I wish it hadn’t happened,” Shapiro said. “I wish that Mr. Becker had recused himself, absolutely,” she added. (SEC chairman: Former general counsel should not have worked on Madoff fallout By David S. Hilzenrath The Washington Post March 10, 2011)
Enterprising journalists dug up far worse:
While the agency had agreed on a deal that would return to investors only the money they had put into their Madoff accounts, Mr. Becker argued that the commission should change its stance to allow victims to keep some of the gains their investments had generated, since the investment would have grown somewhat over time even in a low-interest account. The Becker family would benefit from the approach (The New York Times Times Topic: Securities and Exchange Commission May 4 2011)
The Reuters version of this, Some SEC officials in dark on lawyer’s Madoff link by Sarah N. Lynch Wed Mar 9, 2010:
People familiar with the matter say Becker was involved in advocating a change which would benefit longer-term Madoff investors by adjusting the payments to account for inflation. That refined method was a source of internal dissent within SEC staff. When it came time to vote on it, however, there was no mention of Becker’s conflict, sources said, and the SEC commissioners voted to accept the new recommendation.
It tellingly adds
If this was HP or IBM or some company like that, there is clear law that says they have a fiduciary obligation to share that information. It’s not hard to move from that analogy to the commissioners,” said James Cox, a professor at Duke University School of Law. He added that if Schapiro knew of Becker’s potential conflict, she “had a duty to share it with everybody else. There’s no doubt about it.”
Of course, the Becker story is just a sidebar in the Madoff affair. But it is a significant sidebar. Why on earth did Becker expose himself in this way, for only $500,000? And why did Mary Schapiro bring him in, if he really did tell her about the conflict? After his disgraceful behavior to Markopolos (which was in March 2009) she must have known he was weird on the matter. Why was she taking this risk? Did they both simply consider themselves exempt? In our essay, Kevin MacDonald and I concluded:
the Madoff scandal has the potential to illuminate the economic and political prerogatives usurped in late 20th-century America by what can only be described as the new ruling class.
This is proving true.
Facing the Future as a Minority
Who Controls the Economy?
http://thezog.wordpress.com/who-controls-the-economy/
Who Controls Wall Street?
http://thezog.wordpress.com/who-controls-wall-street/
Hang ‘em high.
I read the article you did with MacDonald on this, it was great. It is noticeable that as has the words Ethics and Moral are use more than ever, peole of high education, in position of power, act more and more as if they had no idea of what they mean. All the subgroupa with much ambition make spectacle of themselves when talking about the subject, yet are never there to take responsibility. When the “shit hit the fan”, only white males are pointed to. I am thinking of the real estate bubble, no women as been held responsible as part of any level of that diseased machanism, yet a remember well in the media who was pomoting all these new financing gimics, that skky was the limit when it came to prices, the “by today, tommorow is going to be too late” mentality; as for real estate agents, you go find a women that was not trying to get you to overbid on a house. Yet, when it came to pointing fingers, women were at the for front, white men at the other end, and women the biggest victims.
Barack Obama considers Ehtics as red tape and is saluted for biend ‘bold’; which really means “No Moral, No ethics”.
Again, we notice the profiles of a “Class war” our establishment and medias pretend does not exist. The word is: Betray the establishment and you will pay the price; same thing of bias, as you explained with the jewish community, a big case made of Madoff because some of the victims were (wealthy) jews.
A lot to reflect on here.
Some day, Madoff, who had transfered the major portion of his $60 billion loot to Israeli banks, will be honored by Israel and the US Jewish Lobby, as they have done in case of Jewish traitor Pollard.
However, to say in public that the Wall Street is used by the Jewish elites and their Goyim poodle to suck blood out of ordinary Americans – is certainly an act of under America’s Hate Law.
The rich and parasites, who have been the main beneficiary of capitalist system – also created wage-disparity, bankruptcy, loan, paper-money, credit cards, and world monetary organizations like World Bank, IMF, Frderal Reseve, etc. – to keep their grip over world monetary system, so much so, that during every recession – it’s the poor majority which suffers, while the rich become richer on the expense of their victims – the taxpayers.
http://rehmat1.wordpress.com/2008/12/28/capitalism-parasites-golden-calf/
“Some day, Madoff, who had transfered the major portion of his $60 billion loot to Israeli banks, …..”
What evidence do you have for this?
Rehmat,
Israel is not the country he would have hidden his money in….too much chance of being exposed. BM way too smart to have made that mistake.
There are lots of better choices, say Jordan or Morocco or Dubai. Folks in those countries still believe in financial privacy.
http://www.deepcapture.com/the-miscreants-global-bust-out-chapter-5-the-russians-their-friends-and-bernie-madoffs-bear-markets
There’s a hell of a lot more going on.
You can’t make this stuff up:
http://www.ynetnews.com/articles/0,7340,L-4067143,00.html
The Jews play all the percentages & angles.
Former Israeli historian Dr. Israel Shahak called Jewish Talmud “the most hateful religious literature”. However, the Newsweek magazine claimed last year that Talmud is being used as a “Business Guide” by Chinese.
I bet very soon China may be forced to bailout Jewish Wall Street in Peking.
http://rehmat1.wordpress.com/2010/12/31/newsweek-talmud-is-a-business-guide-in-china/
The Talmud is child’s play compared to the Torah. Why focus on the Talmud? The Torah is openly genocidal toward non-Jews. It’s a hundred times worse than the Talmud.
But of course, you wouldn’t know this because you’re an ignorant Pakistani.
Torah was written over 1500 years before the Talmud – plus Torah doesn’t curse Jesus, his mother Mary and Christians at large. Torah, also doesn’t demands Jews males to say this in their daily prayer: “Thanks G-d for not making me a Gentile, a Woman or a Slave”.
However, both Torah and Talmud are full of pornography.
http://rehmat1.wordpress.com/2009/11/06/israels-pornographic-stimulus-plan/
What’s in the Torah is infinitely more anti-gentile than that silly little prayer. So I have to wonder why you’re so focused on the Talmud, when in fact the content of the Torah is far worse.
This is another example of how our inability to publicly discuss Jewish influence, like we would any other ethnic group, hurts us. Just imagine if most of Wall Street were run by Mormons and many of the regulators were Mormon and many of the Federal Reserve people were Mormon. I think we’d be hearing about it.
The Jewish Lobby certainly call you an ‘anti-Semite’ and ‘a Jew hater’, if you believes one of the following:
The Wall Street is Jewish.
The Israel Lobby controls US government.
The US mainstream media is controlled by the Jews.
Hollywood is totally run by the Jews.
The “Six Million Died” are an exaggerated numbers created by Zionists for the political and economic blackmail.
The Protocols of the Elders of Zion are genuine and most probably were written by Meyer Amschel Rothschild (1744-1812).
The porn actors and actresses in Hollywood are mostly Jewish.
The Jewish elites were behind the World Wars.
Christian Europe could be right in its Blood Libel against the Jews.
Iranian President Dr. Ahmadinejad is the most honest and moral political leader in the world.
http://rehmat1.wordpress.com/2009/06/29/youre-anti-semite-if-you-believe-that/
Jews = ultimate (post-”holocaust”) group entitlement. Demonized yesterday, deified today. Let’s see what tomorrow will bring.
I was reading a book on jewish traits that was written long a go .
Along with many other features , it was asserted that jews gesticulate when they speak . That this gesticulation is something that jews do to an extreme .
The picture on this article gives an illustration of this .
Interesting .
[ Jews = ultimate (post-”holocaust”) group entitlement. Demonized yesterday, deified today. Let’s see what tomorrow will bring. ]
Whites = ultimate (post-”holocaust”) group dis-entitlement. Respected yesterday, demonized today. Let’s see what tomorrow will bring.
Mr Graham, you’re baseless allegations and there thinly-veiled anti-Semitic connotations are quiet disturbing.
Its a well-documented fact that people who happen to be of the Jewish Faith are among the Most Moral Bankers in the world.
@ Rehmat: this list of ” forbidden ideas” about Jews is one of the few times your comments make sense.
@ john hearns: gesticulating while speaking is indeed typically Jewish but not exclusively so.Let us say it is typically Mediterranean.
As for this whole Wall Street Swindle: I cannot comment on the intricacies of it all ,but my general impression is: Jewish High Finance=Jewish High Swindle.
@ Abe Fauxman:The Jews are the “Most Moral Bankers” in the world,of course , everybody knows that! Just as everybody knows that the Israeli army is the “Most Moral Army “in the world!
R-i-g-h-t…and Shylock and Fagin were all based on thin air…just like Ivan Boesky, Michael Milken, Bernie Madoff and Lloyd Blankfein.
Big money Republican Jews push their agenda in New York:
http://nyti.ms/lBzdVI
Self-denial Jews have the evil habit of claiming their tibes as the most moral people – because many of the acts considered ‘evils’ in some other cultures – are labeled ‘kosher’ for the Jews. Take for example the current sexual adventure of IMF’s Jewish Chairman Dominique Strauss-Kahn.
Strangely, I have not heard the Jewish Lobby whining about Strauss-Kahn as it did for Jew rapist Roman Polansky last year. Marc Tracy, has claimed in the Jewish magazine Tablet that Strauss Kahn is “being seen worldwide as an embarrassment to France, not to the Jews”. Sure, sure, had he been a Muslim, he would had been an embarrassment to the 1.7 billion-strong world Muslim community. However, Marc did lament that Strauss Kahn has empowered the far-right National Front, headed by Marine Le Pen, daughter of the notorious anti-Semite Jean-Marie Le Pen, who denies Holocaust. Marc believes that the sex scandal seem to have destroyed Jewry’s hope of having a Jewish President of France. With Strauss Kahn, a Jew, out of the race and President Nicolas Sarkozy whose mother is Jewish heading right UMP with diminishing popularity – Marine Le Pen will be a viable threat to Sarkozy’s re-election next year.
“The National Front has not shown hostility to Israel in recent years because of its emphasis on anti-Muslim themes. Muslims are a much larger “alien” group in France today, and since Israel is an object of Muslim hostility, there has been no reason for an anti-Islamic party to take an anti-Israel line,” wrote Marc Tracy, May 3, 2011.
http://rehmat1.wordpress.com/2011/05/17/sarkozys-opponent-hits-the-bucket/
I’ve been getting a lot of hits on my Z.O.G. blog for the past two days from people using these search terms:
john lipsky jew
john lipsky jewish
This is a good sign.
I have to admit, those kinds of sites do a lot of good–when they aren’t too over the top crazy.
People simply don’t realize how concentrated power is–if they are given the facts, most of them can figure it out.
Dominique Strauss-Kahn ?
When I hear of a big jew being in trouble then I often suspect that he got himself in trouble with an even bigger jew , or jews , and so he is possibly being purged from the jewtocracy .