US Financial System, Tax Authorities Refuse to Police Super-Rich
Sputnik – 12.05.2016
Only a handful of wealthy Americans and institutions bother to use overseas tax havens because they know the US government and financial regulators will let them get away with illegal behavior, US analysts told Sputnik.
Mossack Fonseca was the source of 11.5 million leaked documents, referred to as the Panama Papers, identifying more than 360,000 individuals and corporations around the world, among which only 36 American entities or persons were found.
“None of the big banks or ratings agencies that were engaged in criminal behavior and so were responsible for the [2008 Wall Street financial] crash was even indicted let alone prosecuted and jailed.” scientist and political commentator John V. Walsh said.
Only one very small investor was convicted but no serious action was taken against any of the major US banks or other financial institutions involved, Walsh recalled.
Walsh concluded that the major Wall Street financial institutions that survived the 2008-9 crisis were not only too big to be allowed to fail, they were also too big to be prosecuted.
Walsh dismissed an article published in the US journal Foreign Policy arguing that the United States benefitted from vigorously enforced financial laws and regulations as “gibberish.”
He said the problem was the opposite – that financial regulations already on the books had not been effectively implemented.
Executive Intelligence Review (EIR) senior editor Jeff Steinberg said there could have been many more Americans exposed in the Panama papers but the Mossack Fonseca law firm had stopped taking on US clients after it became aware of new federal government investigations into its activities.
“The law firm policy [was] to stop taking American clients after the FBI-DOJ [Department of Justice] started probes,” Steinberg explained.
On Monday the International Consortium of Investigative Journalists (ICIJ) published a searchable database of nearly 214,000 offshore entities created in 21 jurisdictions, from Nevada to Hong Kong and the British Virgin Islands.
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The lies about the 1967 war are still more powerful than the truth
By Alan Hart | June 4, 2012
In retrospect it can be seen that the 1967 war, the Six Days War, was the turning point in the relationship between the Zionist state of Israel and the Jews of the world (the majority of Jews who prefer to live not in Israel but as citizens of many other nations). Until the 1967 war, and with the exception of a minority of who were politically active, most non-Israeli Jews did not have – how can I put it? – a great empathy with Zionism’s child. Israel was there and, in the sub-consciousness, a refuge of last resort; but the Jewish nationalism it represented had not generated the overtly enthusiastic support of the Jews of the world. The Jews of Israel were in their chosen place and the Jews of the world were in their chosen places. There was not, so to speak, a great feeling of togetherness. At a point David Ben-Gurion, Israel’s founding father and first prime minister, was so disillusioned by the indifference of world Jewry that he went public with his criticism – not enough Jews were coming to live in Israel.
So how and why did the 1967 war transform the relationship between the Jews of the world and Israel? … continue
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Aletho News 
“US Financial System, Tax Authorities Refuse to Police Super-Rich”.
If the President can be bought by the “Moneymen”, it’s not difficult to understand that the American Legal System can also be bought, by those who benefit from a system that allows ‘those at the top”, to openly flout the Law with impunity.
The USA……”Home of the Brave, and Land of the Free”, has allowed the Plutocrats to do whatever they want to, and they have done so.
The American people are compelled to be “flag waving American patriots”, while the ‘Corporatoctracy’, can use tax havens to rob America blind.
It won’t really matter who becomes President in November 2016. The party at the ‘big end of town’ will continue, while the “rape and pillage” of the USA continues………………
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