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Posted on 12/02/2011 3:50:13 PM PST by No One Special
This caught my eye in the inbox tonight:
Ann, I just listened to your interview on financial sense. I am a retired FBI White Collar Crime Supervisor who supervised a Securities Fraud Desk, in the {city name redacted} Division, prior to retiring in {year redacted}. Your analysis of the CME, the Obama Administration, and the sad state of our republic is right on the money. In addition, your 8(a) minority, affirmative action hire comment could not be more true. The effectiveness of federal law enforcement has been jeopardized by the politically correct hiring practices ongoing since George Herbert Walker Bush was elected President in 1988. My squad was responsible for the investigation of complex, white collar crime investigations (primarily securities fraud and corporate fraud). My career in the FBI spanned 24 years in five field divisions including New York, and FBI Headquarters. When I began my career, hires and promotion were merit based. The quality of agents working complex white collar crime investigations was high, most having worked for big eight accounting firms or brokerage houses prior to hire by the FBI. By the time I retired, minority and female agents were being assigned to my squad with no pertinent qualifications, and no apparent talent, dedication, work ethic or experience. As a result, senior agents had to double up on complex investigations, and my minimum threshold for initiating investigation was dramatically increased to assure the greatest offenders were addressed adequately. Needless to say, cases that should have been addressed were no longer addressed due to the lack of qualified agents capable of successfully investigating and taking through trial, complex white collar crime cases. After 9.11 the FBI all but abandoned complex criminal investigations, and transformed itself from the premier law enforcement agency in the world to a fourth rate domestic spy agency more concerned with violating citizens constitutional rights in the name of "protecting the general public from terrorism" than in completing its primary mission, enforcing Title 18 of the US Criminal Code.
I'm SO GLAD he mentioned women as a subset of affirmative action hiring. I always forget to mention that. I think most people associate "affirmative action" with black and Hispanic hires - but a HUGE component of affirmative action is the hiring and elevating of monumentally unqualified WOMEN, and the placing of unqualified, untalented women in positions of corporate governance. Any time you are around a company that is bragging about how many female executives they have, RUN. Run for the hills as hard and as fast as you can, because most of those broads shouldn't be doing anything more complex than ANSWERING THE PHONE.
The men of civilized societies are not the Taliban. If a woman has brains and chops, she will do better than fine. Feminism and affirmative action are a SCOURGE on civilization. Perform and excel or sit your candy@$$ down and stay out of the way of those who can perform and excel.
I can definitely see the MF collapse being deliberately done, as it would cause many people to question the integrity of brokerage firms.
If it was done deliberately, Corzine is going to be let off the hook.
Freep-mail me to get on or off my pro-life and Catholic List:
Please ping me to note-worthy Pro-Life or Catholic threads, or other threads of general interest.
That is a must listen...and the comments you posted are a must read. Political correctness is going to be our downfall.
Market Has Been Destroyed by the MF Global Collapse (podcast interview w/ Ann Barnhardt)
http://freerepublic.com/focus/f-news/2815367/posts
I’m listening to her interview now.
Excellent.
I love Ann. I want Laz to have her baby.
State and Local LE suffer from this PC nonsense as well.
Thanks No One Special.
After 9.11 the FBI all but abandoned complex criminal investigations, and transformed itself from the premier law enforcement agency in the world to a fourth rate domestic spy agency more concerned with violating citizens constitutional rights in the name of "protecting the general public from terrorism" than in completing its primary mission, enforcing Title 18 of the US Criminal Code. ________________________________________________________
Many in the know, have known this for years.
The Bush cabal was one of the worst things to happen to this country.
In the 80s I was a reserve police officer in a small college town (home to a major university). Most of the officers had degrees in criminal justice from the university and all were trying to get on with the feds. The female dispatcher, with no degree and no street law enforcement experience, got hired by the U.S. Marshalls.
sfl
I just love this woman. Don’t think I would have wanted to be her father however. She’s a real pistol
No, it wasn’t done to crater the integrity of the brokerage firms.
Why, why, why must so many Freepers assume conspiracies and agendas when nothing but feckless incompetence and greed are sufficient and better at explaining the actions of Corzine, Goldman Sachs, Countrywide, et al?
Corzine got into a European debt trade. It was done in isolation, away from the risk managers at MF Global. For all intents and purposes, Corzine was a rogue trader... but he was also CEO of the firm. He levered up on the trade (one of the few ways that smart people can go utterly broke) at levels exceeding 30:1.
The market turned against him, the European idiots never did (and still haven’t) worked out what they’re going to do about their debt mess, and someone made a margin call (go back to that 30:1 leverage and work out the math for yourself).
This is how Bear went down. This is how Lehman went down. This is how Iceland’s banks went down.
Corzine might skate, but if he does, it is because he’s so well connected to the Obama administration.
BTW, Corzine has done this type of trade before - while he was employed at Goldman, in the early 90’s. Back then, Goldman was a partnership and the partners were getting really pissed off with how their capital accounts were being drained by Corzine’s wrong-way trade. Google around and you’ll get the details.
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