Monthly Archives: November 2013

Comet Ison Update Monday November 25 2013

What_Can_Be_Told

Comet Ison will be visible on Thanksgiving Day.

http://www.stewwebb.com

 




$83 billion a year taxpayer subsidy for some Wall Street institutions

Elizabeth_Warren

By Stew Webb
In a recent speech Senator Elizabeth Warren claimed since 2008 Bank Bailout taxpayers are paying $83 billion a year taxpayer subsidy for some Wall Street institutions,
because they were so large that they could safely rely on a government bailout in the event of a future crisis,
and were therefore able to take bigger risks and commit more frauds than rivals.
Warren also cited research suggesting the crash had cost up to $14 trillion or $120,000 for each American household.

http://www.scribd.com/doc/184480946/DallasFed-staff1301-July2013

 

DallasFed_staff1301_July2013


http://dallasfed.org/assets/documents/research/staff/staff1301.pdf

http://www.warren.senate.gov/

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Comets Update November 13, 2013

What_Can_Be_Told

Comets Update November 13, 2013: A large comet passed between Earth and the moon in the past 48 hours according to sources. I make this known the source is not Gordon Duff.

Sources state we are not out of the woods yet. There is still a serious threat of other comets impacting earth. This is being controlled by Military and Top Secret the Government does not want the public to panic. From now through March expect to see more and more comets coming into and striking earth smaller ones. In March 2014 Earth will enter a large Asteroid belt and it will cause chaos on earth.

A small meteor was see last week in San Diego and another yesterday in Australia expect to see even more as we enter the large Asteroid belt in March 2014. This is the best I can do for all of you who are reading this. The Government is super tight lipped on this subject (Top Secret).

What Can Now be Told: Comet Ison Update Nov. 7, 2013: US Gov. has put on the comet what is known as Solar Sails which has slowed down Ison and possible changed it course from direct impact on earth. US Sources have told me that we are now only facing a 40% possible direct hit on earth expected November 15. I also find it of interest that a Power Grid shutdown of all nuclear plants will occur November 13-14-15. CBS evening news reported a Meteor came in last night near San Diego, CA and lit up the sky. They will glow in the sky a few hours before impact.–Stew Webb

Original link:

http://www.stewwebb.com/2013/10/13/what-can-be-told/

Main Stream Controlled Media admits Comets coming November 2013

http://youtu.be/VlIgQE1RH00

Stew Webb Federal Whistleblower-Activist
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http://www.veteranstoday.com/author/swebb/
Stew Webb working 24/7 for you
Donations always welcome
The match is HOT and NOW is the time to strike!
http://www.stewwebb.com/2013/09/15/the-match-is-hot-and-now-is-the-time-to-strike/
Stew Webb Founder
Recall Your Congress and Senate
http://www.recallpetitions.com
The Recall Sword Used Against Those that Violate the U.S. Constitution!
The Colorado Recalls – Can You Hear Us Now?
http://www.veteranstoday.com/2013/09/12/the-recall-sword-used-against-those-that-violate-the-u-s-constitution/

 




Psychology 101

corruption_stop

If you start with a cage containing five monkeys and  inside the cage, hang a banana on a string from the top and then you place  a set of stairs under the banana, before long a monkey will go to the stairs and climb toward the banana.

As soon as he touches the stairs, you spray all the other monkeys  with cold water.

After a while another monkey makes an attempt with same result  … all the other monkeys are sprayed with cold water. Pretty soon when another monkey tries to climb the stairs,  the other monkeys will try to prevent it.

Now, put the cold water away.  Remove one monkey from the cage and replace it with a new one.

The new monkey sees the banana and attempts to climb the stairs.  To his shock, all of the other monkeys beat the crap out  of him.

After another attempt and attack, he knows that if he tries to climb the  stairs he will be assaulted.

Next, remove another of the original five monkeys, replacing it  with a new one.

The newcomer goes to the stairs and is attacked. The previous  newcomer takes part in the punishment…… with enthusiasm, because he is  now part of the “team”.

Then, replace a third original monkey with a new one, followed by  the fourth, then the fifth. Every time the newest monkey takes to the  stairs, he is attacked.

Now, the monkeys that are beating him up have no idea why they  were not permitted to climb the stairs. Neither do they know why they  are participating in the beating of the newest monkey.

Finally, having replaced all of the original monkeys, none of the  remaining monkeys will have ever been sprayed with cold water.

Nevertheless, not one of the monkeys will try to climb the stairway for  the banana.

Why, you ask? Because in their minds…that is the way it has  always been!

This, my friends, is how Congress operates… and this is why,  from time to time:

ALL of the monkeys need to be REPLACED AT THE SAME TIME.

Source US Intel Officer

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Radio Stew Webb interviews Professor James Fetzer

The_Edge_with_John_Stokes

Radio Stew Webb fills in for John Stokes and interviews James Fetzer interviews November 7, 2013

Subject who killed President John F. Kennedy this program you will want to listen to.

http://www.themicroeffect.com/microeffect/archives/

http://www.johnstokes.info

Whistleblowers US Intel Breaking News
http://www.stewwebb.com
Stew Webb Veterans Today
http://www.veteranstoday.com/author/swebb/
The match is HOT and NOW is the time to strike!
http://www.stewwebb.com/2013/09/15/the-match-is-hot-and-now-is-the-time-to-strike/
Stew Webb Founder
Recall Your Congress and Senate
http://www.recallpetitions.com
The Recall Sword Used Against Those that Violate the U.S. Constitution!
The Colorado Recalls – Can You Hear Us Now?
http://www.veteranstoday.com/2013/09/12/the-recall-sword-used-against-those-that-violate-the-u-s-constitution/

 




The US Attorney Who Prosecutes JPMorgan Will Be Its First Witness

JPMorgan

There are two massive areas of Fraud that is not being investigated

By Stew Webb

I had lunch last week with William Black the Professor of Law at the University of Missouri Kansas City.

I have known Bill for several years and Bill was one of the Attorneys for the U.S. Government who had investigated my former in-law Leonard Millman and Millman’s partner Mortgage Fraudster Larry Mizel MDC-NYSE and their Silverado Savings and Loan of Denver that collapsed and was the known Iran-Contra Narcotics Money Laundry were Neil Bush, George HW Bush’s son was a Director.

Bill’s article about the JPMorgan settlement is an excellent article and with his permission I am posting it here. You will be reading more of Bill’s work from time to time.

William K. Black New Economic Perspectives

The U.S. Attorney Who Prosecutes JPMorgan Will Be Its First Witness

By William K. Black

The U.S. Attorney for the Eastern District of California is Benjamin Wagner.

“Once the U.S. government built a case against J.P. Morgan and settlement talks began, the Justice Department made several threats that it would file its civil lawsuit, and each time J.P. Morgan responded by offering to talk more or increase the amount of money it might pay, the people familiar with the discussions said.

One critical moment came as the department set an internal deadline, Sept. 24, to file a suit against the bank.

The day before the deadline, the bank offered to pay $3 billion to settle a case tied to mortgage-backed securities—an offer the attorney general rejected. That same day, Ben Wagner, the U.S. attorney from Sacramento, Calif., flew to Washington with two large charts he meant to display at a news conference describing the bank’s alleged misconduct. A criminal and civil investigation into J.P. Morgan’s past sale of mortgages bonds had been handled by Mr. Wagner’s office.”

Note both aspects of the last paragraph. To ramp up the pressure on JPMorgan to settle, Wagner was prepared to file a civil suit against JPMorgan. Press leaks suggest that the suit focuses on Washington Mutual’s (WaMu) control frauds in sale of fraudulent originated mortgages to the secondary market through fraudulent “reps and warranties.” JPMorgan acquired WaMu. The same leaks claim that Wagner is pursuing that rarest of investigations under the Bush and Obama administration – a criminal investigation of the elite bankers who led the three most financially destructive epidemics of accounting “control fraud” in history – the twin loan origination fraud epidemics (appraisal and liar’s loans) and the epidemic of fraudulent sales to the secondary market.

Wagner’s, reported, unique pursuit of a criminal case against elite bankers led to “local boy makes good” praise in an October 25, 2013 article entitled “Sacramento’s chief federal prosecutor is the top investigator in JPMorgan Chase case.”

“When U.S. Attorney Benjamin Wagner was a line prosecutor in Sacramento, the Internal Revenue Service loved him.

The agency goes after financial crimes, but they are often complex, hard to prove and time-consuming. Thus, many prosecutors shy away from them as not cost effective, given that white-collar crooks routinely get comparatively light sentences.

But Wagner always welcomed IRS agents and their loads of Byzantine evidence with open arms.

“If we don’t do them, nobody will,” he said in an interview Friday. “We have the resources, sophisticated equipment, specially trained investigators, and national jurisdiction.

‘You can’t look just at the prison time. I personally believe these kinds of cases offer more opportunity for deterrence than other areas, such as street crime,’ he added. ‘Just on a personal level, big, white-collar crime is the most challenging, the most interesting, and the psychology of the defendants is fascinating. It’s very rewarding.’

This viewpoint was recognized after President Barack Obama appointed Wagner in 2009 as U.S. attorney in the Sacramento-based Eastern District of California and he began to have more and more contact with the top brass at the Department of Justice in Washington, D.C.

His high standing there led to Wagner and his office taking on JPMorgan Chase & Co., the nation’s largest bank, over questionable mortgage securities it bundled and sold in the run-up to the financial crisis.

Word of a tentative $13 billion settlement between JPMorgan and various stakeholders leaked out a week ago, and the national press has waxed amazed that a prosecutor from Sacramento is spearheading the Obama administration’s move on the leviathan financial institution. Wagner was even called an ‘upstart’ in one article.

But, when U.S. Attorney General Eric Holder set up a working group ‘to bring more resources to bear on the role of the big banks in the mortgage crisis,’ Wagner was chosen as a member. The group is headed by Tony West, a Holder confidant and the third-ranking official in the department.

It became obvious last year, Wagner said, that “there weren’t enough attorneys in Washington and New York” qualified to investigate the labyrinthian business of the banks, and some U.S. attorneys who head larger offices were recruited for the task.

‘I kinda put my hand up to take the JPMorgan case,” Wagner said. “They (Justice Department officials) have a lot of confidence in this office, so it was natural we would be asked to step up.’

On Sept. 23, Wagner flew to Washington prepared to announce the next day a multibillion-dollar civil suit against the bank. He and his two assistants had amassed what they saw as nationwide evidence of fraudulent activity in the packaging of home loans as securities by JPMorgan in the pre-crisis era.”

I will note three puzzling aspects to this story as preliminaries. Why did JPMorgan (or WaMu) engage in “nationwide … fraudulent activity” in its sales to the secondary market? An honest bank does not have to make fraudulent reps and warranties to sell its loans. The officers controlling a bank engaged in accounting control fraud, however, fraudulently originate hundreds of thousands of bad, often fraudulent, mortgage loans because doing so optimizes the fraud “recipe” for a lender. Given that I am writing about JPMorgan, I will quote a JPMorgan official making the point. As Jamie Dimon explained in his March 30, 2012 letter to JPMorgan’s shareholders:

“Low-quality revenue is easy to produce, particularly in financial services. Poorly underwritten loans represent income today and losses tomorrow.”

Of course, the “income today” is fictional because the bank has, fraudulent, failed to establish loss reserves for the losses that are inevitable “tomorrow.” Again, the key is the point made by George Akerlof and Paul Romer in their 1993 article (“Looting: The Economic Underworld of Bankruptcy for Profit”) – the fraud recipe for a lender produces three “sure things.” The lender – even without sales to the secondary market – is sure to report record (albeit fictional) earnings in the near-term, the controlling officers are sure to be made promptly wealthy, and lender will suffer severe losses.

Note that selling the bad loans to the secondary market does not avoid this last “sure thing” because fraudulent originated bad loans can only be sold through fraudulent reps and warranties. (There is no fraud exorcist – fraudulent originated fraudulent loans remain fraudulent throughout any chain of sale.) Indeed, Fannie and Freddie’s suits (which DOJ hijacked to claim some of the credit) have made that very point in the context of JPMorgan and over 15 other massive banks. WaMu and Bear Stearns (which JPMorgan also acquired) and JPMorgan all originated enormous numbers of endemically fraudulent liar’s loans and WaMu was infamous for inflating appraisals. It was inevitable that if they sold such fraudulently originated mortgages to the secondary market, and they did in enormous amounts, that the sales would have to be made through fraudulent reps and warranties. If the leaks are accurate, then the FBI and Wagner’s investigation has confirmed this fact.

But note that the DOJ’s vaunted “task force” only investigates secondary market sales of residential mortgages. So Wagner, according to these reports, only looked at one of the three fraud epidemics and ignored the twin loan origination fraud epidemics. This is a bizarre means of (dis)organizing an investigation because the two types of fraud by lenders (origination and sale) are inextricably linked and the witnesses and documents needed to understand the fraud schemes overlap. Ignoring the loan origination fraud could lead jurors to ask the question I posed above – why would the lenders sell loans the DOJ is treating as honest through fraudulent reps and warranties?

Recall that the DOJ leadership and President Obama routinely downplay “fraud” as a cause of the financial crisis, yet the DOJ’s insipid investigations have confirmed “nationwide” fraud by the world’s largest banks. The DOJ, however, refuses to prosecute anyone to date and refuses to even bring civil fraud cases against the twin epidemics of loan origination fraud.

How can this be? Wagner exemplifies the answer to the FBI’s and the DOJ’s most profound failure. Because criminal referrals by the regulatory agencies virtually ceased against elite bankers in this crisis as the anti-regulatory agency heads destroyed the essential agency criminal referral process, the FBI and the DOJ were systematically shorn of vital industry expertise. The FBI’s white-collar section suffered grievously in response to the 9/11 attacks because the FBI’s leaders transferred hundreds of agents that the leaders viewed as being the best investigators with the best financial investigative skills. The FBI was so desperate for industry expertise that it formed a “partnership” with the Mortgage Bankers Association (MBA) in 2007. The MBA foisted a preposterous “definition” of “mortgage fraud” on the FBI and DOJ under which control fraud is defined out of existence and the senior bank leaders are always honest and faithful in their lending. Thus began the myth of the “Virgin crisis” – conceived without sin in the “C-suites.”

I have long urged reporters to ask the regulators how many criminal referrals they made during this crisis. David Heath, an investigative reporter at the Huffington Post was the first to do so, over three years ago. The answers he received (“no referrals”) were chilling, but they began to explain DOJ’s humiliating failure to prosecute any of the Wall Street elites whose frauds drove the crisis.

Heath did the Nation a great service by reporting the death (not dearth) of criminal referrals by regulators. Heath added to that service by asking the U.S. Attorney for one of epicenters of the accounting control fraud epidemics that drove the crisis to respond to my criticism of DOJ’s failure to prosecute. The U.S. Attorney responded that accounting control fraud was fictional because it required irrational actions.

“Benjamin Wagner, a U.S. Attorney who is actively prosecuting mortgage fraud cases in Sacramento, Calif., points out that banks lose money when a loan turns out to be fraudulent. ‘It doesn’t make any sense to me that they would be deliberately defrauding themselves,’ Wagner said.”

I was appalled by Wagner’s comment, but delighted to have the claim made publicly, expressly rather than implicitly, and in such stark, unqualified terms. I wrote him privately to explain accounting control fraud and its decisive role in driving prior crises and the current crisis and to provide citations so he could review the relevant economics, criminology, and regulatory literature. I gently explained the obvious logical error embedded in his word usage. “They” refers to the CEO. “Themselves” refers to the bank. “They” are not “defrauding themselves.” The lender’s CEO makes far more money, and obtains a “sure thing” of being made promptly wealthy by causing the lender to make “fraudulent” loans that cause the bank to “lose money.” I, of course, received no reply.

Wagner thinks the motivation of elite white-collar criminals is mysterious: “the psychology of the defendants is fascinating.” The psychology of elite financial frauds can be “fascinating” in the sense of how twisted sociopaths are, but the more typical financial fraud’s motivations are boringly banal – they know that while it would be exceptionally difficult to obtain vast wealth in Tyler Cowen’s fantasy of a “hyper-meritocracy” it is simple to do so through the “sure thing” of accounting control fraud.

If I were JPMorgan’s criminal defense counsel the first witness I would call to testify would be Wagner. I would have him explain to a jury why loan origination fraud “doesn’t make any sense” for elite bankers and then explain how “reps and warranties” work and why “banks lose money when a loan [sale] turns out to be fraudulent.” That should blow up Wagner’s case in record time.

October 21, 2013 podcast. White collar criminologist, William K. Black, talks in depth about JP Morgan’s (impending?) $13 billion settlement. Randy Wray talks post-shutdown policy and MMT.

Listen to Bill Black’s interview on the Frauds not being investigated::

Direct download: Oct_21_Podcast_with_Wray_and_Black.mp3
Category:general — posted at: 8:04 PM

 

William K. Black                         , J.D., Ph.D. is Associate Professor of Law and Economics at the University of Missouri-Kansas City. Bill Black has testified before the Senate Agricultural Committee on the regulation of financial derivatives and House Governance Committee on the regulation of executive compensation. He was interviewed by Bill Moyers on PBS, which went viral. He gave an invited lecture at UCLA’s Hammer Institute which, when the video was posted on the web, drew so many “hits” that it crashed the UCLA server. He appeared extensively in Michael Moore’s most recent documentary: “Capitalism: A Love Story.” He was featured in the Obama campaign release discussing Senator McCain’s role in the “Keating Five.” (Bill took the notes of that meeting that led to the Senate Ethics investigation of the Keating Five. His testimony was highly critical of all five Senators’ actions.) He is a frequent guest on local, national, and international television and radio and is quoted as an expert by the national and international print media nearly every week. He was the subject of featured interviews in Newsweek, Barron’s, and Village Voice.

Stew Webb

Stew Webb Columnist Veterans Today

http://www.veteranstoday.com/2013/11/07/the-us-attorney-who-prosecutes-jpmorgan-will-be-its-first-witness/

 




Illuminati Council of 13 member Pope Benedict’s Human Sacrifice

Pope_Benedict_XVI

“I saw Joseph Ratzinger murder a little girl”: Eyewitness to a 1987 ritual sacrifice confirms account of Toos Nijenhuis of Holland

Excerpt:

Monday, October 28, 2013

The criminal prosecution of yet another Pope came closer to reality this month as Italian politicians agreed to work with the ITCCS in a common law court action against the papacy for its harboring of a wanted fugitive from justice: deposed Pope Benedict, Joseph Ratzinger.

The agreement came after a new eyewitness confirmed the involvement of Ratzinger in a ritual child sacrifice in Holland in August of 1987.

“I saw Joseph Ratzinger murder a little girl at a French chateau in the fall of 1987″ stated the witness, who was a regular participant in the cult ritual torture and killing of children.

Read more: http://www.sol-war.com.ua/sod.html#ixzz2jbsr5KZh

Operation Terror – Trailer (2012) [HD]-9-1-1 ( video trailer)

Read more: http://www.sol-war.com.ua/sod.html#ixzz2jbsijqPS

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President Donald Trump, Drain the Swamp and Lock them Up Sir.

Stew Webb Whistle blower Grand Jury Demand Still Active against Hillary Clinton aka “HildaBeast”.
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(C) Israel Prime Minister Benjamin Netanyahu (R) Organized Crime Boss Hog Larry Mizel

911 World Trade Center Bush Guilty

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Spot Dog is on the loose he loves to eat Illuminati, Zionist, Satanists and Lying Media Political Whores.
Stew Webb 32 Years a Federal Whistle blower
Stew Webb served in the United States Marine Corps and was Honorable Discharge. Stew was a General Contractor-Home Builder until 3 car crashes in one year and is now disabled. Stew turned Federal Whistle blower-Activist of 31 years and has been a guest on over 3,000 Radio and TV Programs since September 18, 1991 and now has his own Radio and TV Network http://www.stewwebbradionetwork.com Stew was responsible for the Congressional Investigations and hearings that lead to the Appointment of Independent Prosecutor Arlin Adams in the 1989 HUD Hearings, the Silverado Savings and Loan Hearings, the Denver International Airport Frauds hearings, the MDC Holdings, Inc. (MDC-NYSE) Illegal Political Campaign Money Laundering Colorado’s biggest case aka Keating 5 hearings and the information provided that lead to the 2008 Illegal Bank Bailout.
Stew was held as a Political Prisoner from 1992-1993 to silence his exposure by Leonard Millman his former in law with illegal charges of threatening harassing telephone calls charges which were dismissed with prejudice. Leonard Millman, George HW Bush, George W Bush, Jeb Bush, Neil Bush, Bill Clinton, Hillary Clinton, Larry Mizel, Phil Winn, Norman Brownstein, John McCain and Mitt Romney to name a few are all partners in what is known as the Bush-Millman-Clinton Organized Crime Syndicate. Leonard Millman (Deceased 2004) was member of the "Illuminati Council of 13".

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The below picture of the attempted murder of Stew Webb October 25, 2010 by two of Hillary Clinton’s Assassins. There were two more crashed and attempts one year later.
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