– Political economist Frederic Bastiat, The Law 
If Mr. Bastiat was around today, he might of added that they also created a monolithic media empire that not only helps cover up these massive thefts and frauds, but glorifies the ones doing the heists.
“I used to think of Wall Street as a financial center. I now think of it as a crime scene.”
– Filmmaker Danny Schecter, Plunder (2009)
PLUNDER: THE CRIME OF OUR TIME A New Film By Danny SchechterNo serious discussion about the looting of trillions of dollars from 401K retirement accounts and pension plans by the banksters would be complete without mentioning the role of the notorious Federal Reserve:
Plunder: The Crime of Our Time is a hard-hitting investigative film by Danny Schechter. The "News Dissector" explores how the financial crisis was built on a foundation of criminal activity uncovering the connection between the collapse of the housing market and the economic catastrophe that followed.
The film opens with the conviction of Ponzi King Bernie Madoff, whose acknowledged criminality drove a $65 billion dollar pyramid scheme. It argues that the wrong doing committed by a few individuals distracts from the real story, implicating the best-known institutions that financed and profited from fraudulent sub prime lending. This connection is now being investigated by the FBI as part of a probe into what it calls a "fraud epidemic."
PLUNDER shows how these firms created special securities to repackage and resell these dubious loans after they were re-rated as Triple A. These firms then bet against many of these toxic assets with credit default swaps and other insurance scams. By leveraging these investments, they recklessly put trillions of dollars and the world economy at risk.
Plunder also shows how hastily arranged government bailouts did not revive the economy and may have lost billions.
The film also delves into the complicity of the major media outlets, which failed to sound the alarm or investigate wrong doers.
Neal Barofsky dropped a bombshell in an interview with Richard Teitelbaum of Bloomberg.com yesterday. He indicated that individuals at the New York Federal Reserve Bank may be liable for criminal or civil charges. Barofsky is the Special Inspector General of the Troubled Assets Relief Program (SIGTARP).A report? WTF?
Barofsky says the question of whether the New York Fed engaged in a coverup will result in some sort of action.
“We’re either going to have criminal or civil charges against individuals or we’re going to have a report,” Barofsky says. “This is too important for us not to share our findings.”
And slap their wrists at least once, that will teach those leeches a lesson!
Criminal charges, trials and severe prison time for that gang. And let's 'claw back' most, if not all of the loot they stole.
Don't look for the criminal masterminds behind this caper, like current Treasury Secretary Geithner to get in much trouble, even though he helped orchestrate the sacking of Wall Street while 'Capo' of the New York Federal Reserve.
If the peasants start screaming too much, Timmy will resign and slither back to one of the Wall Street Casino operations and be forced to get by on some measly seven figure salary.
And without the 9/11 false-flag, none of this would have been possible.