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Thursday, February 5, 2009

Stick It

American Scofflaw

Setting aside the admission that financial fraud is not being prosecuted in 48 of the 50 states, I too want to know where the order to stand down from Bernie Madoff came from. We know that some of Madoff's clients were these foundations that supported AIPAC. Was Bernie the funding mechanism for AIPAC's subversion of the US Congress? Is that why Bernie received "protection"?

Is Madoff the tip of a money laundering pyramid in Israel?

The U.S. District court for the Southern District of New York seems intent on keeping ex-NASDAQ chairman and $50 billion Ponzi scheme swindler Bernard Madoff confined to his Upper East Side Manhattan luxury home and not in a federal lock-up.

Two judges in the New York federal circuit, Theodore Katz and Ronald Ellis, have ruled that Madoff should stay in his town house and out of prison.

Attorney General Michael Mukasey, whose son Marc Mukasey of the law firm Bracewell & Giuliani represents Frank DiPascali, one of the Madoff cronies, once served on the federal bench with Katz and Ellis in New York. Katz was appointed by George H. W. Bush while Ellis, an African American, was appointed by Clinton.

Madoff is suspected of transferring much of his ill-gotten gain to Israeli banks, including one, Bank Leumi, that Madoff associate J. Ezra Merkin bought from the Israeli government when Ariel Sharon was prime minister and current Prime Minister Ehud Olmert was finance minister.

Almost forgotten in the Madoff scandal is another scandal in which Morris “Moshe” Talansky, a New York businessman, admitted that he gave Olmert $150,000 in cash contained in envelopes. The scandal forced Olmert to announce that he was stepping down as prime minister.

Madoff, Talansky, Merkin, Olmert, Netanyahu, Adelson, one-time top GOP lobbyist Jack Abramoff and his associate Adam Kidan, Rahm Emanuel, and all their comrades in Washington, Tel Aviv, Jerusalem, London, Ottawa, and Paris brings to mind the Hebrew saying “ba’al ha’mea ba’al ha’dea” or “the one with the money calls the shots” or even more telling, “he who has the gold makes the rules.”

We know because of Norman Hsu that funds from stock frauds wound up in the campaign coffers of politicians, including Barack Obama and Hillary Clinton. Is the reluctance to find where Bernie's ill-gotten gains went because much of it went to the politicians?

What I want to know is if these two pension funds invested with Bernie Madoff. And I ask that because everyone talks about Bernie Madoff swindling his investors out of $50 billion. Well, he didn't just pile up that cash and burn it all up. It is still out there somewhere and I have to wonder that nobody in the US Government (or media) seems too interested on just where that money all went; only whether or not they can stick the taxpayers with the final bill.

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Favorite Scofflaw Movies

  • The Godfather
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  • The Good, The Bad and The Ugly
  • The Treasure of The Sierra Madre
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  • Midnight Cowboy
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  • Duel
  • Catch Me if You Can
  • Glengarry Glenn Ross