Tags

, , , , , , , , , ,

I anticipate that corruption in the situation is prevalent and will be proven because all the hallmarks of corruption are present. These include, but are not limited to:

  • discrepancies in accounting;
  • failure to accurately convey true values of currency, securities and assets;
  • failure to track the accurate dimensions of income and outlays;
  • financial regulations and laws that were not enforced;
  • evidence of favoritism, nepotism and cronyism influences on choices in obvious ways;
  • noticeable assets and capital missing and /or mis-allocated, misdirected and diverted;
  • cutting corners where lives are at stake in administration of projects and agencies;
  • self-serving interests unbridled in the political system as an acceptable standard;
  • undue influence and unreasonable application of financial persuasion on the political decision-makers; and –
  • critical public decision-making occurring in back rooms, country clubs, and private elbow-to-elbow quarters.

This is my own list of factors which indicate corruption is present in government and business / organizational systems. It did not come out of a book, nor from any other internet site. I know it because I’ve studied this type of criminal activity over the course of years and occasionally helped to contribute the information which tracked details and concretely put together the complex pictures of corruption that have happened in the US, in business and in some types of crime. Its one of the little ways that I thought my contribution could help give back something to my community – not paid for, and now appears stupid. But, the knowledge and understanding I gained from doing it is still valuable and accurate.

According to the list I have for evidence of corruption, most of the items are obvious in our American business and government system right now at their highest levels. It is only a matter of time before those cases will be made and the tracks followed by organizations and agencies appropriately sanctioned to do it. As much as the US Treasury Department would normally have served that function and is currently engaged in bailout of the principles, I would expect other agencies nationally and internationally will be more involved in the process of accountability for any participants that were involved in the scheming and corruption that has occurred.

– Just my opinion and knowledge about this which I believe might be valuable to others that need to judge reality based on facts in the situation.

– cricketdiane, 10-04-08, USA

ummm
cipherblaze@gmail.com | 69.118.47.81

If you gave avery American 1Million dollars, that would add up to 300 trillion dollars. Alternatively, if you gave 700 billion dollars equally to 300 million people, each person recieves about $2500 dollars. Yet another way to understand this, 300 million dollars would be 1million for 300 people, or 1 dollar for 300 million people. I think this has to go back to the drawing board.

From Just give everybody a million dollars and we’ll pay our own damn mortgages – Cricket Diane C “Sparky” Phillips, 2008/10/04 at 7:11 AM

My Response:

Yes, I know. After seeing the numbers of conservative estimates that were made about the credit default swaps that are not based on mortgages but being bailed out anyway – which is something over $60 trillion dollars, and adding the $1.8 trillion spent this year already – it didn’t seem that outrageous.

To give each and every American a million dollars isn’t any worse than what is being done in this. Fannie Mae and Freddie Mac will be getting infusions infinitely to cover faulty asset and mortgage products, AIG and Bear Stearns and any other large company needing an infusion will get it over this, and in the last eleven months, the government has added 280,000 jobs for $14 Trillion dollars. The FDIC only had $50 Billion to begin with and was already asking for money – they certainly need even more now that it is being used for more than originally intended – also in Trillions.

They haven’t even started accounting for all the attorneys, administrative personnel, IT specialists and asset managers to handle the bailout funds just passed. And, our bridges are broken, our dams have failed in many places, our roads are deteriorating, our state and local governments are broke and serving poorly, on top of which, infrastructures of all kinds are in disrepair from water services to “you name it.”

Now, honestly, to have this much money and do this poorly takes a real talent that is misdirected, misguided and misplaced. Our government didn’t listen to the international community about fixing these shady assets before they pulled down our economy and they had plenty time to do something. Would you have done it that way or would I have done that?

Personally, I think that the greatest reason to suggest that each person could be given a million dollars each for less than we are going to spend, was to get some perspective across to all of us whose heads were spinning trying to concept these tens of and hundreds of trillions being spent. And, the party isn’t over yet.

People think their children and grandchildren will be paying this bill, but they won’t. It will be fairly quickly being paid by each of us today and each day from here, every day and through so many pathways. THE government has mucked it up for all of us this time by allowing their gambling buddies to get away with this “exotic credit products” game.

– cricketdiane, 10-04-08, USA
response to comment on wordpress blog, same date
“About giving each and every American a million dollars each to pay off their own mortgages.”

I forgot to mention that over the course of just the last month, the Federal Reserve has sent $180 billion dollars into the international community one night and $690 billion dollars in another overnight session, last week. Those are the ones we know happened. I think this means they printed it and infused the central banks with it around the world during the sessions that happen in the middle of our night time.

Considering that this was almost $900 billion dollars backed by the credit and faith of our government, and in turn, each of us – I’m guessing it means something about the value of each dollar we now hold in our hands. This week and next week, those dollars may not hold the value they had a month ago, or before that. In a very real sense, the increasing Federal deficit hurts us. When our government opted for socialism by nationalizing these companies and bad credit products through these bailouts, they drove the actual value of our dollars downwards.

As people are losing employment opportunities each day by the thousands, the houses they once found reasonable to make payments to own become no more than a losing proposition, no matter how much money they had set aside as a safety net. With each reset of a mortgage, it simply adds insult to injury because many that are reset become twice the initial payment each month.

I anticipate that corruption in the situation is prevalent and will be proven because all the hallmarks of corruption are present. These include, but are not limited to:

  • discrepancies in accounting;
  • failure to accurately convey true values of currency, securities and assets;
  • failure to track the accurate dimensions of income and outlays;
  • financial regulations and laws that were not enforced;
  • evidence of favoritism, nepotism and cronyism influences on choices in obvious ways;
  • noticeable assets and capital missing and /or mis-allocated, misdirected and diverted;
  • cutting corners where lives are at stake in administration of projects and agencies;
  • self-serving interests unbridled in the political system as an acceptable standard;
  • undue influence and unreasonable application of financial persuasion on the political decision-makers; and –
  • critical public decision-making occurring in back rooms, country clubs, and private elbow-to-elbow quarters.

Just my opinion –

Written by Cricket Diane C “Sparky” Phillips, 10-04-08, USA

P.S. Since knowledge of the risk to our economy was evident to decision-makers ahead of time, there is very likely corruption, graft, collusion, and criminal actions involved in that handling of the situation also.

Advertisements