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  • hapiwondrer hapiwondrer Dec 31, 2012 12:10 AM Flag

    Judge Throws out Silver manipulation Case Against JPM

    Iceland dealt with its financial crisis in ways that the United States, based on its Constitution, also should:

    “…Criminal investigation

    The Office of the Special Prosecutor was founded with the passage of a bill in the Icelandic parliament 10 December 2008. The aim was to investigate suspected criminal conduct leading up to, in connection with or in the wake of the banking crisis, whether these relate to the activities of financial undertakings, other legal entities or individuals, and, as appropriate, to follow up these investigations by bringing charges in court against those concerned.

    In April 2009, Iceland's state prosecutor hired Eva Joly, the Norwegian-French investigator who led Europe’s biggest ever fraud investigations into bribery and corruption at oil group Elf Aquitaine, as special consultant to a 20-member ”economic crime team” to “investigate suspicions of criminal actions in the period preceding the collapse of the Icelandic banks” which may involve several Iceland's business and banking leaders. Joly stated that the investigation will require a minimum of 2–3 years to build up enough evidence to secure prosecutions. …

    Convictions

    Baldur Guðlaugsson, Permanent Secretary of the Ministry of Finance, was sentenced to two years probation by the District Court of Reykjavík for insider trading. The case was remitted to the Supreme Court of Iceland which upheld the ruling.
    Aron Karlsson was sentenced to 2 years in prison by the District Court of Reykjavík for defrauding Arion Bank in real estate dealings.
    Lárus Welding, CEO of Glitnir, and Guðmundur Hjaltason, Managing Director of Corporate Banking of Glitnir, were sentenced to 9 months in prison by the District Court of Reykjavík for a major breach of trust. Out of the 9 months, 6 are probationary for 2 years.

    Scrutiny of Icelandic business leaders

    Since the crisis began, many of Iceland's business leaders, who had previously been considered financial gurus who greatly developed Iceland's economy, are now under intense public scrutiny for their roles in causing the financial crisis: …

    Reportedly, all of those under scrutiny are now rarely seen in public and some have apparently left the country. They are also reportedly the subjects of an ongoing investigation to determine if any of their business practices warrant criminal prosecution.”

    To access the Wikipedia article, merely copy any of the above text into your browser (required to avoid Huyuu deletion of this reply).

    A radio interview last night suggested the best course of action would be to remove ALL of Congress, disband the Fed, remove all in the Supreme Court and those in the Executive branch, including the President in the absence of any violence and jail all business leaders convicted of financial crimes who now are free (such as Jon Corzine). It would require widespread public agreement. Great idea, but upon waking it would be determined it was merely a dream.

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    • I urge my friends to be ready to flow into the vacuum that will occur when the money fails. Of course, that may not be easy to do early on but we should be on the look out for opportunities to restore some sanity. Nevertheless, our opposition represents a long entrenched hierarchy of such a black nature that it will take Americans working together to take such advantage.

      With that as the premise for action, your thoughts above could easily be used to rally the people to take corrective action to amend the power nexus. Our job would be to reveal the perpetrators for what they are and let the people handle it.

      Similar scenarios exist at the state levels as well and that should be factored into the process. By that I mean we have crooks literally everywhere, but still none so grievously despicable as those that have used the money to enslave and decimate the people.

      Value must be returned to the money and power must be decentralized on a max-wholesale fashion, IMHO.

    • In related news the United States Dept. of Justice has hired the renoune French detective Inspector Clousseau to investigate bankers and politicans responsible for the collapse of the housing , banking sectors, and alleged silver manipulation.

    • Iceland's solution will remain unique; it is a nation in the truest sense of the word. The USA is not. I foresee the distinct possibility of a "Russian solution" in our case, i.e., a fracturing along fault lines created in our history. In the former USSR's case, that meant the Baltic states and the Ukraine in the European area left the union. In our case it is possible Texas would choose an alternative to full membership in a union which promises no prosperity for the deserving. Other states might follow. The angry, take-no-prisoners attitude of the left towards, for example, gun control, is mirrored by the right in a growing movement to disarm the hyper-Federalization of our system which resembles the Reconstruction years in social issues and the thirties in others. States' rights is returning with a vengeance.

 
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