Financial crooks brought down the world’s economy — but the feds are doing more to protect them than to prosecute them [...]

The rest of them, all of them, got off. Not a single executive who ran the companies that cooked up and cashed in on the phony financial boom — an industrywide scam that involved the mass sale of mismarked, fraudulent mortgage-backed securities — has ever been convicted.

The immorality of Wall Street

Human-Stupidity was wondering long ago why Rating institutes’ AAA ratings for junk (causal for world economic collapse) went unpunished. Not only is the financial sector one big behemoth that profits from unproductive gambling in financial markets, The financial sector fraudulently rigs the game, gains immorally high commissions and ruins the world economy, banks, and entire countries like Ireland and Iceland.

When caught red handed, executives at Goldman Sachs, unaware that their own memos and emails had leaked, blatantly denied their wrong-doings under oath. What are the conclusions?

We need true morality in big world-moving issues.

1. We need morality in economy and business. Maybe a Western Confucianism.
2. Profit should come from production, not from financial gambling and fraud
3. Big fraudsters need to face punishment.
4. Or maybe the lesson is: Destroy your tracks. Don’t send and keep incriminating emails. When planning to con your own customers, don’t discuss it in writing

Our moral philosophers, religions, churches fail, philosophizing about silly issues like:
birth control, the beginning & end of life, sex & possession of child porn

Our churches, moral apostles and philosophers fail miserably. Entire countries get plundered, the world economy gets shattered, currencies are a house of cards waiting to collapse under collective debt. Banks make immoral profits from the world’s miseries. Our moral guides and philosophers are caught up in silly issues like

• abortion, immorality of birth control,
• when does life start, and
• forcing people to die miserable deaths, preventing people from choosing a dignified death,
•  teenage sexuality, doctor playing children and 
• all of Interpol focuses on child porn witch hunts imprisoning loners who possess 0′s and 1′s on their hard disks that constitute child pornography.

Our religions and moralists are just as useless and damaging as banks.

The People vs. Goldman Sachs

A Senate committee has laid out the evidence. Now the Justice Department should bring criminal charges

They weren’t murderers or anything; they had merely stolen more money than most people can rationally conceive of, from their own customers, in a few blinks of an eye. But then they went one step further. They came to Washington, took an oath before Congress, and lied about it.

A legal system that allows the financial sector to make huge gains while producing nothing, or worse, destroying the productive economy.

Total dishonesty. Outright fraud. Impunity. Rating institutes that give AAA rating to junk and don’t get punished. Governments that bail out banks instead of letting them pay for their mistakes.

Government and nations borrowing like there is no tomorrow

Governments that borrow money like there is no tomorrow. Impossible to service in case of interest increase. Pretty impossible to ever pay back. Entire countries get bailed out with insane amounts of money. When will the USA default, or when will China throw its US bonds and currencies on the market?

The entire world economy, currencies, financial industry, are a house of cards and a huge risk. Everyone’s savings, security, future are at risk.

We ‘just want to call attention to the topic and encourage readers to put up links. We unfortunately don’t have time and qualification to do profound analyses.

Goldman Sachs’ lies and perjury

"Goldman’s CEO claimed the firm ‘didn’t have a massive short,’ when the opposite was true." First of all, in Goldman’s own internal memoranda, the bank calls its giant, $13 billion bet against mortgages "the big short." Second, by the time Sparks and Co. were unloading the Timberwolves of the world on their "unicorns" and "flying pigs" in the summer of 2007, Goldman’s mortgage department accounted for 54 percent of the bank’s risk. That means more than half of all the bank’s risk was wrapped up in its bet against the mortgage market — a "massive short" by any definition. The People vs. Goldman Sachs

When caught red handed, executives at Goldman Sachs, unaware that their own memos and emails had leaked, blatantly denied their wrong-doings under oath. We pointed out above that we need serious moral codes.

This issue is bigger than what Goldman executives did or did not say under oath. The Levin report catalogs dozens of instances of business practices that are objectively shocking, no matter how any high-priced lawyer chooses to interpret them: gambling billions on the misfortune of your own clients, gouging customers on prices millions of dollars at a time, keeping customers trapped in bad investments even as they begged the bank to sell, plus myriad deceptions of the "failure to disclose" variety, in which customers were pitched investment deals without ever being told they were designed to help Goldman "clean" its bad inventory. The People vs. Goldman Sachs

It took the pope until 1992, 13 years after Neill Armstrong stepped on the moon, to recognize that the Galileo Galilei was right and the earth was not stationary. And people still take the pope seriously when he prohibits the use of condoms in Aids-struck Africa and threatens to excommunicate who turns off the artificial feeding of a girl after 20 years in brain dead coma.

People who normally are highly intelligent (like the pope) become totally irrational, unconscious, self-deceived on issues related to dogmas, taboos, religion, habits, political correctness. Not only at Galileo’s time, even today the taboos go as far as to repress scientific research

1. Persecution of researchers on racial differences in intelligence. This is a tough issue, because equal intelligence of all races is a dogma shared by liberals who would agree with most of my other points. So any research that points to different intelligence in the races must be repressed. But, we claim we are an open-minded scientific society. As long as scientific results don’t contradict our dogmas.
   • Racial differences in intelligence: James Watson, Nobel Prize winning geneticist persecuted for scientific truth
   • Race differences in intelligence: how research changed my mind to overcome the “all races are equal” dogma.
   • 71 fastest runners on earth: 1 white Christophe Lemaitre & 70 blacks. Are races equal?
     
   • Henry L. Gates, Jr., arrest: racial profiling necessary for safety, political correctness discourages neighborhood watch
2. Repression of research violating dogmas:
   Bill Clinton condemned the “Bell Curve” (about racial differences in intelligence) without even reading it. The US senate condemned, with a 99:0 vote, prestigious research in the American Psychological Association journal showing that in cases of sexual  “child abuse”, no damage can be found if no violence has been employed and the victim has at least average intelligence.
   1. Scientific Publications Condemned and Repressed by US Congress and Senate
   2. Racial differences in intelligence: James Watson, Nobel Prize winning geneticist persecuted for scientific truth
3. Child pornography witch hunt:
   under the guise of saving a few abused children, the entire interpol hunts down some poor loners who pay for a web site with teen sex photos. They get arrested with the entire might of interpol, and get their life destroyed.
   • As collateral damage parents get prosecuted for naked photos of baby in a bath tub, of infant suckling on mom’s breast.
   • Adolescent teenagers get on sex offender lists for sexting: taking photos of themselves naked on their cell phones and sending the photos to a friend.  This constitutes  producing and distributing child pornography (actually it is neither child nor pornography, but adolescent nude self portraits).
   • Sexting: Courts victimize Teens with child porn charges for exchanging their own nude photos
   • Years of Jail for “clicking on child porn link”.
   • But cutting off her husband’s dick entitles to an excuse • • • • Lorena Bobbit who cut off her husband’s dick never received punishment and was entitled to an excuse by her husband(!!)
   • Border arrest & instant jail for owning DVD with young looking 19 year old porn star. Any honest citizen risks jail
4. Supreme Court oks indefinite detention for possession of photos. But violent robbers get freed.
   • Pedophile witch hunt & underage sex law excesses: why the witch hunt and how to change it?
   • Nude adolescent photos: a Crime. Videos of lynching, killing, beating adolescents are legal Prime Time TV.
   • Years of Jail for “clicking on child porn link”. But lynching videos are legal.

1. Nude adolescent photos worse then TV showing killing children, bullying, gang violence, street crime against children
   1. Movie of 15 year old girl repeatedly brutally stomped on head: prime time news. Depicting the same girl posing nude would be child porn, a heinous crime.
2. Abuse of language to mislead:
   Words get distorted, worse then Göbbels in Nazi Germany.  Adolescent nude non-sexual phots are called “child pornography”.  Consensual sex with teenagers is called “rape”.  A new law in Brazil defines inappropriate touching as “rape”.  This use of a clearly defined term “rape” for actions that is clearly NOT rape, as defined by popular language  for centuries, is  a clear misuse of language, meant to arouse more anger against the alleged perpetrators.
   • When a “Rape” is not a Rape! The Abuse of the word “Rape”. & the Perversion of Language |
   • Female evolutionary Superiority in social manipulation causes feminist Language Distortions’ universal acceptance |
   • Feminist arguments against prostitution debunked
3. Pedophile witch hunt & obsessive repression of teenage sexuality.
   An enormous legal apparatus, under the guise of protecting 5 year olds from clear obvious abuse (no extra law is needed for that because penetrating a 5 year old is severe bodily harm) ends up arresting 17 year old girls for sending their own nude photos to their boy friends.
   • A 17 year old boy Ganarlow Wilson got a 10 year jail sentence for getting a blow job from a 15 year old girl, similarly
   • Marcus Dixon got jail for having consensual sex with a peer.
   • An  Italian tourist got jailed in Fortaleza (Brazil) for kissing (2 pecks) his 8 year old daughter
   • Dangerous pedophile hunters threaten harmless pedophile
4. Prohibiting  the use of embryos for stem cell research.
   Throwing the embryos into the garbage, that is allowed. This nonsense has diminished after Bush left office, but the religious right still thinks the rights of a lump human cells with an imaginary soul trump the right for health and cure of adults with diseases.
5. Religion & Atheism:
   Religion is the source of many of our aberrations in thought, logic, and policy. I am too scared to even mention the most violent religion on earth. Christianity is past the crusades and witch burnings.
   
6. Darwins Theory of Evolution: in spite of overwhelming scientific support with not one single counter-example. The churches see, correctly, that with Darwin’s theory, there is no more pressing need for a God-Creator, so they do their best to invent Creationist nonsense to confuse the non-scientific public.
7. Repression of drugs as harmless as marijuana
   at the cost of waging wars in Colombia, jailing a considerable percentage of the population. The drug war is similar to underage sex witch hunt.
   Czechs may possess 15 g of marijuana, 1 g of cocaine, 1.5 gram of heroin, 4 ecstasy pills, 5 units of LSD, 2 g of amphetamines
8. at the same time allowing alcohol and tobacco to kill thousands of people.
   There seems to be some kind of contradiction and inconsistency. Also allowing advertising for junk food that created a world wide health menace of obesity from early childhood on:
9. Obesity, unhealty food, sedentary lifestyle:
   due to misguided evolutionary mechanisms (hunter gatherers don’t have McDonalds, chocolate, unimited all you can eat buffets) we tend to eat wrong and be lazy to make unnecessary moves. Add to this industry greed, …. and we have a health epidemic.
10. Negating right to die for the terminally ill.
    We are a liberal society that respects self determination and individual dignity. And we are not a religious state, so why do religious people want to force incurable cancer sufferers to rot and die slowly? If we let our dog die like this, the humane society would sue us for cruelty with animals. And of course it is totally taboo to discuss the cost of keeping an almost dead person “alive” for another half year.
11. Victimless crimes:
    Why does government and police interfere when consenting adults decide to buy and sell sexual services? Are we not a free country? Is anyone harmed by this? And why are people in jail for planting two flower pots of marijuana in their own back yard for their own consumption? But booze and cigarette stock is listed on the New York Stock Exchange?
12. Prohibition of prostitution:
    under the guise of protecting women from “abuse”, Cambodjan brothels get closed, leaving the sex workers jobless and without income.  Seems the “victims” are unable to decide for themselves, they need the law and self appointed feminists to decide for them. Basically,  consenting adults are not allowed to sell and buy sexual services.  For the majority of men who don’t have much sexual success, prostitution could be psychological comfort:
13. Men’s Rights & Feminism:
    I ran across a very compelling theory, that middle aged unattractive feminists conspire to eliminate competition by young attractive women (especially minors), cheap sex (prostitution), pornography and even sex dolls, so man have no other sexual outlet and are thus forced to stay with unattractive women even though it costs them half their income and property. This is why this brand of feminists do not oppose the burka, do not favor self determination in prostitutes, …
    • Female quotas on death row? Unsuccessful male losers overlooked by feminist zeal!
14. Rape hysteria and false rape accusations:
    • Unproven Rape charges: Famous German Weather Anchorman Joerg Kachelmann released after 4 months instant jail
    • Rape Laws: dismantling of due process explained step by step
15. Human Rights:
    The well meant intention to dignify human life has led to absurd protection of criminals in detriment of public security and protection.
    1. Somali pirates rewarded with asylum in Europe in Holland or Britain.
       • Problematic Human Rights: captured Somali pirates are usually released
       • Pirates with Grenade Launchers Attack British Ship. Captured and set Free by Portuguese Navy
       
    2. Old white middle class white ladies in Britain get searched for bombs, just to avoid charges police might racially profile young arab muslim men.
       • UK: Police stop and search innocent white people to balance race figures, terror watchdog says
       
    3. law abiding citizens in self defense and police doing their duty risk getting sued by criminals
       • Why a doberman is better then a security guard or policeman
       • “Human Rights” protect criminals to the detriment of law abiding citizens
       • Killer’s human rights: German killers sue Wikipedia to have their names expurged
       • Henry L. Gates, Jr., arrest: racial profiling necessary for safety, political correctness discourages neighborhood watch
    4. vicious killers on death row can complain about cruelty in execution that take 3 minutes to die (while law abiding citizens are not allowed to die humanely in a hospital but die agonizing deaths taking weeks)
    5. Should society really spend billions on safeguarding criminals. Maybe the old fashioned methods like execution, whipping, cutting off hands etc. should be reconsidered? (I am playing devil’s advocate, I am not whole-heartedly suggesting these solutions)

•

The changes became known as the “Golden Globes Rule,” for singer Bono’s 2003 acceptance speech at the awards show on NBC, where he uttered the phrase “really, really, f—ing brilliant.”

All quotes  from http://www.cnn.com/2009/US/04/28/supreme.court.indecent.speech/

This not an example of profound human stupidity. It is even understandable that some want to protect their kids from foul language.

Nevertheless, the “Golden Globe Rule” seems to be going overboard.
This is just an amusing example of exaggerated dogmatic conservativism. It must be quite expensive to have all live television programs delayed a few seconds, so that professional who dedicates his live to beeper-button-pressing can bleep out any indecent word that could possibly be spoken.

In dissent, Justice John Paul Stevens said “customs of speech” and context made the Federal Communications Commission’s position unworkable.

“As any golfer who has watched his partner shank a short approach knows, it would be absurd to accept the suggestion that the resultant four-letter word uttered on the golf course describes sex or excrement and is therefore indecent,” he wrote. “But that is the absurdity the FCC has embraced in its new approach to indecency.”

And Stevens wondered why the agency was going after words that he said had a “tenuous relationship” to sex and bodily functions, while at the same time prime-time commercials “frequently ask viewers whether they, too, are battling erectile dysfunction or are having trouble going to the bathroom.”

Justice Ruth Bader Ginsburg made clear how she viewed the broader free speech questions the high court may be forced to confront in coming years. “There is no way to hide the long shadow the First Amendment casts over what the commission has done,” she wrote.

The Supreme Court first ventured into the broadcast speech debate in 1978, when it ruled as indecent a monologue by comedian George Carlin on society’s taboo surrounding “seven dirty words.” The bit had received some radio airplay. Stevens, 89, was the author of that opinion.