MF Global Looted Customer Accounts

Stephen Lendman


The market as we know it, no longer exists. The entire
system has been utterly destroyed by the MFG collapse.

Wall Street's business model is grand theft. Jon Corzine was MF Global's CEO. Earlier he headed Goldman Sachs, America's premiere racketeering organization.

He also was one of legions of corrupt politicians as US senator and New Jersey governor. His extreme, longstanding criminality warrants putting him in prison for life. No restitution can reverse his harm. It's true also for many others like him.

Before its collapse, MF Global (MFG) faced a run on its holdings. On October 31, it filed for Chapter 11 bankruptcy protection.

On November 19, Reuters said the firm "moved hundreds of millions of dollars in customer money from its US brokerage unit to Bank of New York Mellon Corp. in August, just months before filing for bankruptcy...."

In other words, MFG lawlessly looted customer accounts. It used client money for its own purposes to speculate, as well as cover debt obligations and losses. At issue is grand theft.

In fact, it's one of the most brazen acts in memory in a business notorious for outrageous criminality. What ever's gotten away with incentivizes Wall Street crooks to steal more. Why not! At most, they're slap on the wrist punishments mock rule of law justice.


Obama Must Condemn Egyptian Military

Medea Benjamin & Jodie Evans

As we watch the Egyptian police and military viciously attack democracy activists on the streets of Cairo, using U.S. weapons, it is outrageous that the Obama Administration has failed to issue a strong condemnation of this latest attempt to crush a revolution that has inspired people around the world, including millions of Americans.

During the fateful 18 days in January and February when Egyptians took to the streets by the millions to topple the brutal Mubarak dictatorship, President Obama remained largely silent, refusing to call directly for democracy until it was clear that young Egyptians were about to topple the dictator’s three-decade-long rule.

In the months since then, as thousands of Egyptians have been attacked, imprisoned, sexually assaulted and murdered by their government, the United States has not merely remained silent, but has continued to provide crucial diplomatic, economic and military aid to the regime responsible for these crimes.

The latest Egyptian protests were sparked by growing anger over signs that the military leadership plans to hold on to power indefinitely. The military rulers say they will relinquish power once presidential elections are held, but have refused to commit to a plan and a timetable for handing over power to a democratically elected government.

The first of many rounds of voting for parliament is scheduled to begin November 28, but the military has not agreed to form a new government based on these elections. Moreover, it is trying to limit any civilian government from having control over the military’s budget. And it has postponed a presidential election to an indefinite time late in 2012 or in 2013.

Now that the façade of a democratic transition has been ripped away and Egyptians are once again battling the military government in Tahrir Square for the future of their country, with at least 35 civilians killed since Saturday. The Obama administration remains as quiet as it was in the early days of the revolution. Such silence is both morally indefensible and politically and strategically disastrous for the United States.


The AIPAC Caucus in the United Nations

Wayne Madsen


Knesset Speaker Mr. Rivlin exchanges gifts with Deputy Prime Minister
Samiu Vaipulu in an historical delegation to Tonga [April, 2011]
(TMN)

After all, if almost 100 U.S. senators and over 90 percent of members of the House of Representatives can be cajoled and bribed by Israel, nations smaller and poorer than Israel are easy marks for Israeli pressure.

Recent votes in the United Nations and United Nations Educational, Scientific, and Cultural Organization (UNESCO) provide evidence that the American Israel Public Affairs Committee (AIPAC) and its affiliates not only own and operate most of the members of the U.S. Congress but also many of the UN delegations of its member states.

Israel, known for its aggressive stance toward U.S. senators and representatives who fail to adhere to its line, has also managed to intimidate, with the help of its U.S., Canadian, British, Australian, and New Zealand lobbies, a number of small nations to support Israel against the statehood and UN membership aspirations of Palestine. In the U.S. House of Representatives, over 400 members are owned by the Israel Lobby while in the Senate, Israel’s control is practically 100 percent. Sizeable Israel lobbies also exist in the British and Canadian Houses of Commons and the Australian parliament.

Clearly, the Israelis and their lobbies have created a small bloc of nations that back Israel on every issue concerning Palestine. This bloc has been created by political pressure brought by mainly wealthy Jewish contributors to the major political parties of the United States, Canada, Australia, United Kingdom, and New Zealand, nations that also make up the English-speaking alliance of intelligence agencies.


Israel Steps Up Police State Crackdowns

Stephen Lendman


Israeli police spokesperson: several activists were detained
as the police dispersed an "illegal gathering".

Israel never embraced democratic values. More than ever today that's true. Many Jews understand. As a result, they're voting with their feet and leaving.

Gideon Levy remarked that "(i)t's really an irony of history, because Israel was established to become a shelter to the Jewish people. Now Europe becomes a shelter for the Jews living in Israel."

So does America. New millennium exodus has a whole new meaning. Last year, Haaretz writer Bradley Burston headlined, "I envy the people who hate Israel," saying:

"....this is not the same country I moved to, so long ago. I learned when I first came that Israel was not the country I'd thought I was moving to."

Now it's worse than ever because "Israel at its highest level has taken an executive decision. Unable to beat the forces who want to see Israel as one of the world's primary pariah states, it has resolved to join them" and succeeded.

With its paymaster/partner America, it's out in front leading. Growing numbers know it, Jews and non-Jews alike. A 2008 Menachem Begin Heritage Center survey showed 59% of Israelis consider leaving by inquiring about foreign citizenship and second passports. Growing numbers hold them.

In 2005, the Israel Central Bureau of Statistics said 650,000 Israelis away for over a year haven't returned. Most were Jews.

Moreover, as greater numbers leave, most remaining are ideologically committed. Many of them are fanatics. Others are indifferent, aging, unable to leave, or aren't sure where to go. Emigrating abroad isn't simple. Cost is a factor. Uprooting takes a toll. So does adjusting.

Nonetheless, growing numbers leave because social injustice is official policy. So is state terror. Israel's a regional menace, a belligerent modern-day Sparta, a rogue pariah endangering its own people like others. As a result, many Israelis fear living in the eye of the storm. Daily examples show why.


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