Justice Articles from 2015

$5M Jury Award for One Foreclosure Fraud Makes U.S. Punishment Look Trivial

$5M Jury Award for One Foreclosure Fraud Makes U.S. Punishment Look Trivial
by David Dayen
Posted December 20, 2015

fraudulent foreclosuresA Texas jury’s recent decision to award over $5 million in damages and fees for the fraudulent foreclosure of a single home suggests that the big banks could have been on the hook for as much as $32 trillion — before the Justice Department and state attorneys general settled for $25 billion, or less than one-tenth of a penny on the dollar.

With the jury award in the Wolf family case, we can now assess the true financial exposure on these banks and mortgage companies. There have been roughly 6 million foreclosures since the beginning of the financial crisis in 2008, and virtually all of them were completed with robo-signed, fabricated or fraudulent documents in one form or another. If we apply the $5.38 million jury award to all of those loans, you have a potential cost from the foreclosure fraud scandal of $32.28 trillion. More…

We can all thank Eric Holder, who as Attorney General of the United States decided to protect the big banks from lawsuits for mortgage fraud, while millions of families were thrown into the streets

Court Ruling Against Chicago Sheriff Proves Thuggish Anti-WikiLeaks Blockade Was Unconstitutional

Court Ruling Against Chicago Sheriff Proves Thuggish Anti-WikiLeaks Blockade Was Unconstitutional
by Glenn Greenwald
Posted December 18, 2015

Lieberman censored WikiLeaksThe most notorious, most dangerous case was in late 2010, when Joe Lieberman blatantly abused his power as chairman of the Senate Homeland Security Committee to implicitly threaten and coerce companies like Amazon to terminate website hosting and payment processing services to WikiLeaks, which had just published the Afghanistan and Iraq war logs and diplomatic cables.

That quickly led other companies, including Visa, MasterCard, Bank of America and PayPal, to terminate credit card processing for the group, driving them close to bankruptcy. In other words, Joe Lieberman almost completely destroyed a media and political organization group he disliked not through prosecution but with nothing more than thuggish threats to the companies that serviced it. More…

Facebook Caught Secretly Lobbying for Privacy Destroying “Cyber Security” Bill

Facebook Caught Secretly Lobbying for Privacy Destroying “Cyber Security” Bill
by Michael Krieger
Posted December 12, 2015

corporate spyingThere’s a privacy destroying bill moving through Congress called the Cybersecurity Information Sharing Act, or CISA, and it’s imperative that the American public stop it in its tracks. Here are a few bullet points on the bill from Fight for the Future:

  • All privacy policies effectively null and void. Companies can share any private user data with the government, without a warrant, as long as the government says it is being used for a “cybersecurity” purpose.
  • In exchange, companies are given blanket immunity from civil and criminal laws, like fraud, money laundering, or illegal wiretapping (if a violation was committed or exposed in the process of sharing data).
  • Data is shared with a wide array of government agencies, from the FBI and NSA, to the IRS and local law enforcement. Many of these agencies have been breached within the last year and have outdated security systems, opening up the doors to even more cyber attacks.
  • Companies that play along can get otherwise classified intelligence data from the government, including private information about their competitors. More…

Whistle-blower intimidation: U.S. freezes bank accounts and credit cards of former Air Force drone operators

Whistle-blower intimidation: U.S. freezes bank accounts and credit cards of former Air Force drone operators
by William N. Grigg
Posted December 6, 2015

drone whistle blowersFor having the courage to come forward and expose the drone program for the indiscriminate murder that it is, 4 vets are under attack from the government they once served.

The U.S. Government failed to deter them through threats of criminal prosecution, and clumsy attempts to intimidate their families. Now four former Air Force drone operators-turned-whistleblowers have had their credit cards and bank accounts frozen, according to human rights attorney Jesselyn Radack.

“My drone operators went public this week and now their credit cards and bank accounts are frozen,” Radack lamented on her Twitter feed (the spelling of her post has been conventionalized). This was done despite the fact that none of them has been charged with a criminal offense – but this is a trivial formality in the increasingly Sovietesque American National Security State. More…

This entire drone whistle blower story is a poignant example of the total failure of the main stream media to provide the public with news because it is not the narrative the government wants the masses to hear. This should also serve as a warning about the dangers of the cashless society where the government has the ability to make one “disappear” economically.

Fractional-Reserve Banking is Pure Fraud, Part I

Fractional-Reserve Banking is Pure Fraud, Part I
by Jeff Nielson
Posted November 25, 2015

banking is a ponzi scheme fraudThis is a commentary which should never have needed to be written. What is euphemistically called “fractional-reserve banking” is obvious fraud, and obvious crime. By its very definition; it transforms the banking sector of an economy into a leveraged Ponzi-scheme, and as with all Ponzi-schemes, there is no possible “happy ending” here.

In the original form of our “fractional-reserve” monetary system, for every $1 which our central banks officially printed, the banking system created an additional $9 out of thin air, via fractional-reserve fraud. Simply put; 90% of all the actual “money” in our monetary system, and our economies, was conjured out of thin air , by private banks, via fractional-reserve fraud.

This is fractional-reserve banking, presented as the naked fraud that it is: bankers “lending” not only more than what they possess, but lending out “money” which grossly exceeds the amount of capital in existence. Conjuring oceans of paper out of thin air. It is inherently criminal. It is inherently fraudulent. More…

Arbitration Everywhere, Stacking the Deck of Justice

Arbitration Everywhere, Stacking the Deck of Justice
By Jessica Silver-Grennberg and Robert Gebeloff
Posted November 19, 2015

private corporate court systemOn Page 5 of a credit card contract used by American Express, beneath an explainer on interest rates and late fees, past the details about annual membership, is a clause that most customers probably miss. If cardholders have a problem with their account, American Express explains, the company “may elect to resolve any claim by individual arbitration.”

Those nine words are at the center of a far-reaching power play orchestrated by American corporations, an investigation by The New York Times has found.

By inserting individual arbitration clauses into a soaring number of consumer and employment contracts, companies like American Express devised a way to circumvent the courts and bar people from joining together in class-action lawsuits, realistically the only tool citizens have to fight illegal or deceitful business practices. More…

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