‘Sheriff of Wall Street’ Preet Bharara Says ‘People are Right’ About System Being Rigged

Truth sucks, doesn’t it?!

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This election year has exposed widespread voter anger directed at Wall Street, and U.S. Attorney for the Southern District of New York Preet Bharara agrees that “to an extent, people are right about the system being rigged.”

“I think people have a right…given the track record of this office and other offices of exposing fraud, to be worried about that,” Bharara told ABC News’ George Stephanopoulos.

That track record of rooting out fraud has earned Bharara the nickname “Sheriff of Wall Street,” but he has also set his sights on the corruption plaguing New York’s state capital. Since taking office, he’s prosecuted cases against more than a dozen state officeholders.

“We have found that corruption is rife in a lot of institutions in New York and throughout New York. That’s true in the legislature,” he said. “It’s also the case that there’s corruption, we believe, in the executive branches…

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Derivative Damage – What Can Go Wrong When Private Equity Takes Over a Public Service

hqdefaultWhether you know it or not the derivative damage that caused the 2008 financial massacre and millions upon millions of foreclosures continues to plague America in ways that are unfathomable.

You can blame deregulation of the financial industry, too much dirty money in state and federal politics, outright bribery, a lack of moral and ethical behavior and a significant blur between the three branches of government that were originally designed to be oversight protection.

You may not know that the $700 TRILLION+ debt created on Wall Street took out (destroyed, eliminated, stole) billion$ of pension and retirement funds from nearly every aspect of government, trade unions and corporate 401ks to the point that severe cutbacks had to be made from furloughs to total haircuts… And now these lousy, corrupt and bribe-r-us bankster created investment vehicles have wiped out the futures of millions of American families – and many don’t even know it yet… but your politicians do.
See: The Sucker Punch – The Elite’s Attack on Pension and Retirement Funds Continue reading