Elizabeth Warren asks DOJ, FBI, to answer why bankers haven’t been prosecuted?

❝ Massachusetts Senator Elizabeth Warren is marking the eighth anniversary of Lehman Brothers’ bankruptcy with a new push to investigate—and potentially jail — more than two dozen individuals and corporations who were referred to the Justice Department for possible criminal prosecution in 2011 by the Financial Crisis Inquiry Commission, a government-appointed group that investigated the roots of the 2008 financial crisis. None was ever prosecuted. The names of the referrals — including former Treasury Secretary Robert E. Rubin, who held a top job at Citigroup, and Citigroup’s former CEO, Charles Prince — became public earlier this year when the National Archives released new documents.

In a letter to the Justice Department’s inspector general, Warren calls the lack of prosecutions “outrageous and baffling” and asks the inspector general, Michael Horowitz, to investigate why no charges were brought…

❝ In a separate letter, to FBI Director James Comey, Warren asks for the immediate release of “any and all materials related to the FBI’s investigations and prosecutorial decisions regarding these referrals.” This disclosure is warranted, she writes, by Comey’s decision in July to release a lengthy and critical statement that included previously undisclosed information about Democratic presidential nominee Hillary Clinton’s use of a private e-mail server—even though Comey decided not to recommend that charges be brought against Clinton. “Your recent actions with regard to the investigation of former Secretary of State Hillary Clinton,” Warren writes, “provide a clear precedent for releasing additional information about the investigation of the parties responsible for the financial crisis.”

❝ …She said Comey’s rationale for disclosing details of the Clinton investigation — Comey said it was warranted by “intense public interest” — creates a new precedent that obligates him to shed light on why the bankers and financial institutions referred by the FCIC to the Justice Department were never prosecuted. “Those same standards ought to apply to the worst economic crisis since the Great Depression,” Warren said. “There’s a clear public interest in finding out why none of these individuals or corporations were held responsible.”

❝ The timing of Warren’s effort, less than two months before the presidential election, aims to encourage the next administration to prosecute financial crimes more aggressively than the Obama administration has done. “The public outrage is still there,” she said. “This is about reminding our government officials who they work for.”

Warren in 2024. Or 2000. 🙂

The God business is worth more than Apple, Amazon and Google combined


Did they count the gold?

❝ Religion in the United States is worth $1.2 trillion a year, making it equivalent to the 15th largest national economy in the world…

The faith economy has a higher value than the combined revenues of the top 10 technology companies in the US, including Apple, Amazon and Google, says the analysis from Georgetown University…

❝ The Socioeconomic Contributions of Religion to American Society: An Empirical Analysis calculated the $1.2tn figure by estimating the value of religious institutions, including healthcare facilities, schools, daycare and charities; media; businesses with faith backgrounds; the kosher and halal food markets; social and philanthropic programmes; and staff and overheads for congregations.

Co-author Brian Grim said it was a conservative estimate. More than 344,000 congregations across the US collectively employ hundreds of thousands of staff and buy billions of dollars worth of goods and services.
More than 150 million Americans, almost half the population, are members of faith congregations, according to the report. Although numbers are declining, the sums spent by religious organisations on social programmes have tripled in the past 15 years, to $9bn.

❝ The analysis did not take account of the value of financial or physical assets held by religious groups. Neither did it account for “the negative impacts that occur in some religious communities, including … such things as the abuse of children by some clergy, cases of fraud, and the possibility of being recruitment sites for violent extremism”.

Didn’t notice any mention [in the article] of the dollar value of tax avoidance of religion in America. A nice addition to any profitable business.

A clear contrast of sustainable and unsustainable farming — in 20 seconds!

❝ A clear contrast of sustainable and unsustainable farming practices — in 20 seconds! Of course, there are scores of variables when it comes to sustainable farming, but this little video shows the huge difference between no-till and conventional farming:

no-till-v-conventional
Click to access video and the complete article

❝ The video starts on a no-till field — one that isn’t ever plowed. Instead of tilling, or turning over the soil to kill weeds, farmers plant directly into the thatch of grasses and usually use an application of herbicide to knock down weeds. When farmers leave fields bare, like in the other field, soil washes away and local waters are polluted.

Some farmers on this silly little planet continue to grow no till-crops decades after the invention of machines that increase profits. And also require tons of added and otherwise unnecessary chemicals to produce those crops.