Sunday, December 4, 2011

At Least One Judge Is Taking a Stand Against Wall Street - About TIME!

Adam Clark Estes 4,273 ViewsNov 30, 2011
Law professors and Wall Street critics alike are applauding Judge Jed Rakoff's decision this week not to allow the Securities Exchange Commission to settle fraud charges against Citigroup. As a clear break from business as usual when it comes to negotiating settlements between the SEC and big banks that have done wrong, pundits are calling Rakoff's decision "an incredible judicial butt-kicking" for the banks. But it's not as simple as the headlines make it seem.
Rakoff doesn't reference the Occupy Wall Streets protests directly in his decision, but he sure does provide some protest-sign-friendly quotes in pushing back against the now commonplace practice of banks paying penalties to the SEC without actually admitting any wrong-doing. After the SEC sued it for fraud earlier this year, Citigroup hoped to pay a penalty of $285 million, though the strategy of selling toxic mortgage debt in the lead up to the financial crisis cost investors $700 million and earned the bank a $160 million profit. But it wasn't the size of the settlement that irked Rakoff; it was not actually knowing what happened. In The New York Times words, Rakoff's refusal to accept the settlement "undermined the S.E.C.’s longstanding policy of allowing companies to neither admit nor deny the commission’s charges in return for a multimillion-dollar fine and a promise not to do it again." In his decision -- embedded at the bottom of this post and totally worth reading -- Rakoff called the SEC's habit of letting banks pay their way out of trouble "neither reasonable, nor fair, nor adequate, nor in the public interest." It's not hard to understand why Rolling Stone reporter and Wall Street muckraker Matt Taibbi called the ruling "a manifesto," when you read the last few lines:
In much of the world, propaganda reigns, and truth is confined to secretive, fearful whispers. Even in our nation, apologists for suppressing or obscuring the truth may always be found. But the S.E.C., of all agencies, has a duty, inherent in its statutory mission, to see that the truth emerges; and if fails to do so, this Court must not, in the name of deference or convenience, grant judicial enforcement to the agency’s contrivances.
The Citigroup case is far from over, though, and depending on the outcome, Rakoff's shot across the bow of both the SEC and Wall Street could backfire. Depending on the outcome of a possible appeal, Citigroup and its army of lawyers will face Rakoff once again on July 16, 2012. Regardless of how this particular case pans out, however, Rakoff's ruling sets a precedent that would make it harder not only for banks to weasel their way out of trouble by writing big checks to regulators but could also make it more difficult for the SEC to challenge the banks in the first place. In a staff editorial on Wednesday, The Wall Street Journal lauds Rakoff for taking a stand against "the cozy relationship between regulators and the regulated that too often leaves justice as an orphan" but adds a foreboding kicker: "A defeat might even cause the SEC to bring fewer of these grandstanding cases against the corporate villain of the moment -- for now, it's Wall Street -- and focus more on real financial criminals like Bernie Madoff."
The idea that the SEC will shy away from facing off against Wall Street is speculative at best. Nevertheless, the status quo has been broken. "[Judges have] been covering up these crimes by agreeing to these settlements without full disclosure," Matt Taibbi told Keith Olbermann after the ruling. "It's a cost of doing business for these companies. They recognize that every now and then they're gonna get dragged into court; they're gonna have to give a little money to somebody. And then they get to walk away and keep doing it." In a Politico op-ed also published Wednesday, Yale Law Professor Jonathan Macey argues that Rakoff's breaking from the ranks of federal judges before him that approved settlements between the SEC and law-breaking banks is an important symbolic turning point. Forcefully setting him up as the courtroom hero the Occupy movement has been waiting for Macey praises Rakoff:
He refused to allow the usual chummy settlement between a government agency -- the Securities and Exchange Commission -- and a major bank -- Citigroup. He instead created a new legal paradigm -- in which the big banks and their purported government watchdogs must give the rest of us a look at the backroom machinations that have ruined the U.S. economy.
We'll have to wait and see what happens with Citigroup, but as we continue to learn new details about how the government helped out the banks behind closed doors, this new judicial mission of requiring greater transparency seems like a step in the right direction. Nobody wants to allow more of the same dirty dealings that practically wrecked the American economy. And like Supreme Court Justice Louis Brandeis famously said, "Sunlight is the best disinfectant."

'The Sing-Off' Would Prefer to Not Talk About LGBT Youth

I saw this at Bilerico.com and was pissed off. This is just part of the article. Click here for the rest.
I do want to thank Extreme for mentioning GLSEN and the Trevor Project on last Fridays show. Click here for more on the show and the great woman who got a new house.

On Monday's season finale of The Sing-Off, that a cappella reality competition series featuring former Newlywed Nick Lachey, the vocal groups got the chance to visit and perform for any public service organization of their choosing.
The Pentatonix, a coed quintet who wound up winning the competition on Monday, decided to visit the Trevor Project, the crisis intervention and suicide prevention hotline service specifically tailored to LGBTQ youth.
Of course, if you're a casual viewer of The Sing-Off who's never heard of The Trevor Project, you'd think it was a general anti-bullying organization without any specific focus at all. That's because NBC and the producers or editors of The Sing-Off have gone out of their way to edit out any reference to the LGBTQ community in the segment about the organization.

Fox News Studio In Manhattan Gets 24/7 Protection By NYPD

Found at the Huffington Post very interesting. The city police dept. should NOT be used for guarding any one business. A company as big as this should be paying for their own security!

The NYPD provides Fox News's midtown Manhattan studios 24/7 protection, The Daily Beast reports, more than any other media organization in the city.
ABC, NBC and CBS pay for their own private security details whereas, according to one security expert, Fox News's around-the-clock protection by the boys in blue costs city taxpayers at least $500,000 a year.
Reached for comment, NYPD spokesman Paul Browne told The Beast "Each of the networks gets police coverage to varying extents based on threat information." But the other major New York-based media outlets had no knowledge of the offered protection, and one employee at ABC commented, "I would love the special favors."
And so, why the extra cops at the two million square foot Newscorp building on Sixth Avenue? Is it because police commissioner Ray Kelly really only protects "white, heterosexual males?" Or maybe he's just looking out for his son?
A more likely reason is the well-documented paranoia of Fox News CEO Roger Ailes, who's had bombproof windows installed in his office and is "convinced he's been targeted by Al Qaeda for assasination."
Head to the Daily Beast for more.

Bullying Clip Goes Viral

Found at joemygod.com
This is hard to watch. Get several tissues before starting it. The boy looks good on the follow up.

A gay teen's clip about being bullied, which was posted in August, has suddenly gone viral in the last few days. Its author yesterday posted a brief follow-up clip to express thanks for the reaction.


U.S. Campaign Launches To Air Australia's "It's Time" Marriage Equality Clip

Donations are being sought for the American airing of Australia's famed It's Time marriage equality clip, which went globally viral immediately upon its posting on YouTube. The new group's founder writes us today with a list of what's been accomplished so far.VIDEO: The clip's star is interviewed by Australian news.


Saturday, December 3, 2011

The Gaystapo Runs The FBI

Found at joemygod.com
Homofascist thugs are forcing the FBI to search for the kidnapped daughter of "ex-gay" fugitive Lisa Miller. So sez LifeSiteNews:
Lisa and Isabella are not free. The FBI is after them. At any time, they may be captured. At any time, Isabella may be kidnapped by the FBI and her mother arrested. America is resurrecting Sodom with a vengeance, supported by the formidable power of the State. While Christian social services in the US are losing their traditional right to help children because they refuse state orders to adopt children to homosexual couples, lesbian activist Janet Jenkins is free to run a day care. And because of Janet’s radical activism, Isabella and her mother are not free or safe from massive state persecution. Persecution for their faith and their refusal to compromise with evil.

This tragedy was made possible only because gay civil unions were allowed in Vermont. And when homosexual “marriage” is allowed, the gay agenda and the State become united in an unholy “marriage,” where special rights and freedoms are granted to those in the footsteps of Sodom. This unholy “marriage” enables homosexual activists to oppress and persecute people who renounce homosexual perversion, with assistance of the FBI, which has effectively become — at least in the Jenkins-Miller case — a Gaystapo.

They went out of their way to make this woman out to be some kind of saint when she broke the law.
They willingly got married in a state where it is legal. A binding contract like all marriages. It did not work out and they separated.  If it was a a str8 couple and one of the parents stole the child and ran, having the FBI looking for them would not be an issue. Just because it is a lesbian couple and one is a "former" lesbian and found God, it's OK?
It is not OK.  The law governs everyone regardless of your faith or sexual identity when it comes to kidnapping.  The child has been on the run with this woman for years and has been sheltered by and funded by the faith based Hate Group, Alliance Defence Fund. Because it is a kidnapping of a child, the FBI is doing their job.
This child is going to be a mess when she is found. Living on the run and told God only knows what about her other parent or the LGBT population as a whole. Poor thing.
There is no such thing as a "former" lesbian. No "ex-gay" . If she is bisexual, fine, but there are no ex-bisexuals" either. There are however "former" cult members.

Most Powerful Photos of the Year - Moving

Go to Buzzfeed.com and check out 45 photos of the year.

Friday, December 2, 2011

TV Show Remodels The Home Of Anti-Bullying Activist Sideaner Walker

My wife and I sit on the couch, hold hands and cry every week to this show. It reminds us that there are really good people out there. The people who get the homes are those in need and give back to their communities. All the companies and people that give up their time and materials to make a better life for a family in need is amazing. I am so very happy that Extreme Home Makeover choose her and her family. Thank you to everyone involved  at EHM for all the joy and love you put into making a difference in the world one home at a time.
Anyone who has been following the bully issues know this woman and her son Carl. She has been fighting long and hard to bring bullying to a stop.

Found at joemygod.com
Sideaner Walker became a nationally known anti-bullying activist after her eleven year old son, Carl Walker-Hoover, hung himself in his yard. Tonight ABC's Extreme Makeover remodels the Walker home.
Designer Jillian Harris and other members of ABC’s “Extreme Makeover: Home Edition” team regularly see the good which can come from providing new homes to families. She hopes the home they created this fall for Sirdearner Walker and her family here helps the Walkers continue their healing process. “We have rebuilt a home for a family in need,” Harris said this week. “This is a family that has been through hardships. They cried out with joy when they saw their new house.”
FLASHBACK: Here's Walker's 2009 Ellen appearance.


George Carlin Told Us Years Ago.........

Thursday, December 1, 2011

Gene Roddenberry's Son Reveals Unhappy 'Star Trek' Family Life

The Huffington Post has a GREAT piece on the Roddenberry family and video from the new "Trek Nation" made by Rod Roddenberry.
This is a look at the family, shows, and Trekkers like my self and family, and the impact it has had then and now and the son's journey to understand his father.
I have yet to see it as I did not get this news until this morning. I WILL be recording it when it is rerun on the Science Channel thru December.
Resistance is futile.
Live long and prosper.

Click on the pic to see more.
Gene Roddenbery

Giant Lego Christmas Tree of the Day

Giant Lego Christmas Tree of the Day


Giant Lego Christmas Tree of the Day: The world’s largest LEGO Christmas tree has been erected in London’s St. Pancras International Station, measuring 33 feet tall.
The tree, which took two months to construct, consists of 172 branches and over 1,000 baubles, made from 600,000 individual LEGO pieces. It’s also decked out in strings of LED lights.

Click on the picture to see more of this cool tree!