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A Media Unmoored from Facts

By Robert Parry | Consortium News | April 7, 2016

Several weeks ago, I received a phone call from legendary investigative reporter Seymour Hersh who had seen one of my recent stories about Syria and wanted to commiserate over the state of modern journalism. Hersh’s primary question regarding reporters and editors at major news outlets these days was: “Do they care what the facts are?”

Hersh noted that in the past – in the 1970s when he worked at The New York Times – even executive editor Abe Rosenthal, who was a hard-line cold warrior with strong ideological biases, still wanted to know what was really going on.

My experience was similar at The Associated Press. Among the older editors, there was still a pride in getting the facts right – and not getting misled by some politician or spun by some government flack.

That journalistic code, however, no longer exists – at least not on foreign policy and national security issues. The major newspapers and TV networks are staffed largely by careerists who uncritically accept what they are fed by U.S. government officials or what they get from think-tank experts who are essentially in the pay of special interests.

For a variety of reasons – from the draconian staff cuts among foreign correspondents to the career fear of challenging some widely held “group think” – many journalists have simply become stenographers, taking down what the Important People say is true, not necessarily what is true.

It’s especially easy to go with the flow when writing about some demonized foreign leader. Then, no editor apparently expects anything approaching balance or objectivity, supposedly key principles of journalism. Indeed, if a reporter gave one of these hated figures a fair shake, there might be grumblings about whether the reporter was a “fill-in-the-blank apologist.” The safe play is to pile on.

This dishonesty – or lack of any commitment to the truth – is even worse among editorialists and columnists. Having discovered that there was virtually no cost for being catastrophically wrong about the facts leading into the Iraq invasion in 2003, these writers must feel so immune from accountability that they can safely ignore reality.

But – for some of us old-timers – it’s still unnerving to read the work of these “highly respected” journalists who simply don’t care what the facts are.

For instance, the establishment media has been striking back ferociously against President Barack Obama’s apostasy in a series of interviews published in The Atlantic, in which he defends his decision not to bomb the Syrian government in reaction to a mysterious sarin gas attack outside Damascus on Aug. 21, 2013.

Though The Atlantic article was posted a month ago, the media fury is still resonating and reverberating around Official Washington, with Washington Post editorial-page editor Fred Hiatt penning the latest condemnation of Obama’s supposed fecklessness for not enforcing his “red line” on chemical-weapon use in Syria by bombing the Syrian military.

Remember that in 2002-03, Hiatt penned Post editorials that reported, as “flat fact,” that Iraq possessed hidden stockpiles of WMD – and he suffered not a whit for being horribly wrong. More than a dozen years later, Hiatt is still the Post’s editorial-page editor – one of the most influential jobs in American journalism.

On Thursday, Hiatt reported as flat fact that Syria’s “dictator, Bashar al-Assad, killed 1,400 or more people in a chemical gas attack,” a reference to the 2013 sarin atrocity. Hiatt then lashed out at President Obama for not punishing Assad and – even worse – for showing satisfaction over that restraint.

Citing The Atlantic interviews, Hiatt wrote that Obama “said he had been criticized because he refused to follow the ‘playbook that comes out of the foreign-policy establishment,’ which would have counseled greater U.S. intervention.” Hiatt was clearly disgusted with Obama’s pusillanimous choice.

The No ‘Slam Dunk’ Warning

But what Hiatt and other neocon columnists consistently ignore from The Atlantic article is the disclosure that Director of National Intelligence James Clapper informed Obama that U.S. intelligence analysts doubted that Assad was responsible for the sarin attack.

Clapper even used the phrase “slam dunk,” which is associated with the infamous 2002 pledge from then-CIA Director George Tenet to President George W. Bush about how “slam dunk” easy it would be to make the case that Iraq was hiding WMD. More than a decade later, brandishing that disgraced phrase, Clapper told Obama that it was not a “slam dunk” that Assad was responsible for the sarin attack.

In other words, Obama’s decision not to bomb Assad’s military was driven, in part, by the intelligence community’s advice that he might end up bombing the wrong people. Since then, evidence has built up that radical jihadists opposed to Assad staged the sarin attack as a provocation to trick the U.S. military into entering the war on their side.

But those facts clearly are not convenient to Hiatt’s neocon goal – i.e., how to get the United States into another Mideast “regime change” war – so he simply expunges the “slam dunk” exchange between Clapper and Obama and inserts instead a made-up “fact,” the flat-fact certainty of Assad’s guilt.

Hiatt’s assertion of the death toll – as “1,400 or more people” – is also dubious. Doctors on the ground in Damascus placed the number of dead at several hundred. The 1,400 figure was essentially manufactured by the U.S. government using a dubious methodology of counting bodies shown on “social media,” failing to take into account the question of whether the victims died as a result of the Aug. 21, 2013 incident.

Relying on “social media” for evidence is a notoriously unreliable practice, since pretty much anyone can post anything on the Internet. And, in the case of Syria, there are plenty of interest groups that have a motive to misidentify or even fabricate images for the purpose of influencing public opinion and policy. There is also the Internet’s vulnerability as a devil’s playground for professional intelligence services.

But Hiatt is far from alone in lambasting Obama for failing to do what All the Smart People of Washington knew he should do: bomb, bomb, bomb Assad’s forces in Syria – even if that might have led to the collapse of the army and the takeover of Damascus by Al Qaeda’s Nusra Front and/or the Islamic State.

Nationally syndicated columnist Richard Cohen, another Iraq War cheerleader who suffered not at all for that catastrophe, accused Obama of “hubris” for taking pride in his decision not to bomb Syria in 2013 and then supposedly basing his foreign policy on that inaction.

“In an odd way, Obama’s failure to intervene in Syria or to enforce his stated ‘red line’ there has become the rationale for an entire foreign policy doctrine – one based more on hubris than success,” wrote Cohen in a column on Tuesday.

Note how Cohen – like Hiatt – fails to mention the relevant fact that DNI Clapper warned the President that the intelligence community was unsure who had unleashed the sarin attack or whether Assad had, in fact, crossed the “red line.”

Cohen also embraces the conventional wisdom that Obama was mistaken not to have intervened in Syria, ignoring the fact that Obama did, in violation of international law, authorize arming and training of thousands of Syrian rebels to violently overthrow the Syrian government, with many of those weapons (and recruits) falling into the hands of terror groups, such as Al Qaeda’s Nusra Front. [See Consortiumnews.com’sClimbing into Bed with Al Qaeda.”]

Neocon Ideologues

So, it appears that these well-regarded geniuses don’t appreciate the idea of ascertaining the facts before charging off to war. And there’s a reason for that: many are neocon ideologues who reached their conclusion about what needs to be done in the Middle East – eliminate governments that are troublesome to Israel – and thus they view information as just something to be manipulated to manipulate the public.

This thinking stems from the 1990s when neocons combined their recognition of America’s unmatched military capabilities – as displayed in the Persian Gulf War in 1990-91 and made even more unchallengeable with the collapse of the Soviet Union in 1991– with Israel’s annoyance over inconclusive negotiations with the Palestinians and security concerns over Lebanon’s Hezbollah militia.

The new solution to Israel’s political and security problems would be “regime change” in countries seen as aiding and abetting Israel’s enemies. The strategy came together among prominent U.S. neocons working on Benjamin Netanyahu’s 1996 campaign for Israeli prime minister.

Rather than continuing those annoying negotiations with the Palestinians, Netanyahu’s neocon advisers — including Richard Perle, Douglas Feith, David Wurmser and Mevray Wurmser — advocated a new approach, called “A Clean Break: A New Strategy for Securing the Realm.”

The “clean break” sought “regime change” in countries supporting Israel’s close-in enemies, whether Iraq under Saddam Hussein, Syria under the Assad dynasty or Iran, a leading benefactor of Syria, Hezbollah and Hamas.

Two years later, in 1998, the neocon Project for the New American Century called for a U.S. invasion of Iraq. PNAC was founded by neocon luminaries William Kristol and Robert Kagan. [See Consortiumnews.com’sThe Mysterious Why of the Iraq War.”]

After George W. Bush became president and the 9/11 attacks left the American people lusting for revenge, the pathway was cleared for implementing the “regime change” agenda, with Iraq still at the top of the list although it had nothing to do with 9/11. Again, the last thing the neocons wanted was to inform the American people of the real facts about Iraq because that might have sunk the plans for this war of choice.

Thus, the American public was consistently misled by both the Bush administration and the neocon-dominated mainstream media. The Post’s Hiatt, for instance, was out there regularly reporting Iraq’s WMD threat as “flat fact.”

After the U.S. invasion of Iraq in March 2003 and months of fruitless searching for the promised WMD caches, Hiatt finally acknowledged that the Post should have been more circumspect in its confident claims about the WMD. “If you look at the editorials we write running up [to the war], we state as flat fact that he [Saddam Hussein] has weapons of mass destruction,” Hiatt said in an interview with the Columbia Journalism Review. “If that’s not true, it would have been better not to say it.” [CJR, March/April 2004]

Yet, Hiatt’s supposed remorse didn’t stop him and the Post editorial page from continuing its single-minded support for the Iraq War — and heaping abuse on war critics, such as former U.S. Ambassador Joe Wilson who challenged President Bush’s claims about Iraq seeking yellowcake uranium from Niger.

The degree to which the neocons continue to dominate the major news outlets, such as The Washington Post and The New York Times, is demonstrated by the lack of virtually any accountability on the journalists who misinformed their readers about an issue as consequential as the war in Iraq.

And, despite the disaster in Iraq, the neocons never cast aside their “clean break” playbook. After Iraq, the “regime change” strategy listed Syria next and then Iran. Although the neocons suffered a setback in 2008 with the election of Iraq War opponent Barack Obama, they never gave up their dreams.

The neocons worked through Secretary of State Hillary Clinton and other Iraq War supporters who managed to survive and even move up through the government ranks despite Obama’s distaste for their military solutions.

While in office, Clinton sabotaged chances to get Iran to surrender much of its nuclear material – all the better to keep the “regime change” option in play – and she lobbied for a covert military intervention to oust Syria’s Assad. (She also tipped the balance in favor of another “regime change” war in Libya that has created one more failed state in the volatile region.)

But the most disturbing fact is that these war promoters – both in politics and the press – continue to be rewarded for their warmongering. Hiatt retains his gilded perch as the Post’s editorial-page editor (setting Official Washington’s agenda); Cohen remains one of America’s leading national columnists; and Hillary Clinton is favored to become the next President.

So, the answer to Sy Hersh’s question – “Do they care what the facts are?” – is, it appears, no. There is just too much money and power involved in influencing and controlling Washington and – through those levers of finance, diplomacy and war – controlling the world. When that’s at stake, real facts can become troublesome things. For the people who wield this influence and control, it is better for them to manufacture their own.



Investigative reporter Robert Parry broke many of the Iran-Contra stories for The Associated Press and Newsweek in the 1980s. You can buy his latest book, America’s Stolen Narrative, either in print here or as an e-book (from Amazon and barnesandnoble.com).

April 8, 2016 Posted by | Corruption, Mainstream Media, Warmongering, Militarism, Timeless or most popular | , , , , , , , , | 2 Comments

Obama Boots Syrian Peace Chance

By Robert Parry | Consortium News | October 6, 2015

President Barack Obama is turning his back on possibly the last best chance to resolve the bloody Syrian war because he fears a backlash from Official Washington’s powerful coalition of neoconservatives and “liberal interventionists” along with their foreign fellow-travelers: Israel, Turkey, Saudi Arabia, Qatar and other Gulf sheikdoms.

The route toward peace would be to collaborate with Russia and Iran to get Syrian President Bashar al-Assad to accept a power-sharing unity government that would fairly represent Syria’s major religious and ethnic groups – Christians, Alawites, Shiites and moderate Sunnis – along with a commitment for free, internationally monitored elections once adequate security is restored.

But for such an arrangement to work, Obama also would have to crack down aggressively on U.S. regional “allies” to ensure that they stopped funding, supplying and otherwise assisting the Sunni extremist forces including Al Qaeda’s Nusra Front and the Islamic State (or ISIS). Obama would have to confront the Sunni “allies” – including Saudi Arabia, Qatar and Turkey – as well as Israel.

His pressure would have to include stern action aimed at the global finances of the Gulf states – i.e., seizing their assets as punishment for their continuing support for terrorism – as well as similar sanctions against Turkey, possibly ousting it from NATO if it balked, and a withdrawal of political and financial support for Israel if it continued helping Nusra fighters and viewing Al Qaeda as the “lesser evil” in Syria. [See Consortiumnews.com’sAl-Qaeda, Saudi Arabia and Israel.”]

Obama also would have to make it clear to Syria’s “moderate” Sunni politicians whom the U.S. government has been subsidizing for the past several years that they must sit down with Assad’s representatives and work out a unity government or the American largess would end.

This combination of strong international pressure on the Sunni terror infrastructure and strong-arming internal players in Syria into a unity government could isolate the Sunni extremists from Al Qaeda and the Islamic State and thus minimize the need for military strikes whether carried out by Russia (against both Al Qaeda and ISIS) or the U.S. coalition (focusing on ISIS).

And, the arrival of Russian military support for the Assad government – as well as the increased backing from Iran and Lebanon’s Hezbollah – represented the moment when the prospect for peace was brightest, whatever one thinks of those various players. However, instead of working with Russian President Vladimir Putin and Iranian President Hassan Rouhani, President Obama chose to bend to the pressures of Official Washington.

Appeasing the Warmongers

Thinking he had stretched the tolerance of neocons and liberal hawks as far as he could by pushing through the nuclear deal with Iran, Obama fell in line behind their propagandistic denunciations of Assad and Putin. Obama’s administration joined in promoting the new favorite “group think” of Washington – that Putin had promised to only bomb the Islamic State and then reneged by attacking “moderate” rebels and their more powerful ally, Al Qaeda’s Nusra Front.

Conveniently, this storyline doesn’t cite the wording of Putin’s supposed “promise” although some articles do mention him vowing to attack “terrorist” groups, which the mainstream U.S. news media has interpreted as the Islamic State only. But this odd framing accepts the breathtaking premise that Al Qaeda is no longer a terrorist organization – apparently rehabilitated by the fact that Israel has been helping Al Qaeda’s affiliate, the Nusra Front, along the Golan Heights and prefers it to Assad’s continued rule. [See Consortiumnews.com’sShould US Ally with Al Qaeda in Syria?”]

Among the many purveyors of this “Putin lied” narrative is Washington Post columnist Richard Cohen, who on Tuesday repeated the canard that Putin had “promised” to strike only the Islamic State and then broke that promise. For good measure, Cohen added that the Russians had “invaded” Syria although they were formally invited by the recognized government of Syria.

“Yes, the Russians did invade,” Cohen wrote. “They sent war planes, mechanized units and even troops into Syria. They have begun bombing missions, apparently hitting insurgents seeking to topple Syrian leader Bashar al-Assad and not only, as Russian President Vladimir Putin promised, Islamic State units. Putin – surprise! – lied.”

Normally in journalism, before we accuse someone of lying, we show what they actually said and contrast it with the facts. But Official Washington has long since moved Putin into the free-fire zone of demonization. Anything can be said about him, whether based in reality or not, and anyone who objects to this “group think” is called a “Putin bootlicker” or a “Putin apologist.”

Thus, any reality-based skepticism is ruled out of the frame of debate. Such was the way that the United States plunged blindly into the Iraq War in 2003 when Saddam Hussein was the demonized figure and the Europeans who warned President George W. Bush not to invade were laughed at as “Euro-weenies.” American skeptics were “Saddam apologists.”

Inside-Out ‘Logic’

Cohen is back at it again in his Tuesday column, which – on the Internet – has the curious title “The High Cost of Avoiding War in Syria.” Cohen throws around the word “invasion” where Russia is involved – even when there was no “invasion” – but he advocates an actual U.S. invasion with cavalier hypocrisy.

Cohen slams Obama for not having established “a no-fly zone” in Syria earlier, which would have involved the United States bombing and destroying Syria’s air force, a clear act of aggression and an obvious boon to Al Qaeda and ISIS.

Cohen also says he was for “arming the rebels,” another violation of international law which – when tried by Obama to appease the drumbeat from Cohen and his ilk – led to many U.S.-trained and U.S.-armed rebels taking their equipment and skills to Al Qaeda and ISIS.

Yet, Cohen — on the prized opinion real estate of The Washington Post’s op-ed page and in his nationally syndicated column — unapologetically encourages an illegal invasion of another country while condemning Russia for doing the same except that Russia was following international law by working with the sovereign government of Syria and therefore has not “invaded” Syria.

We also are supposed to forget that Cohen’s ideas would benefit Sunni jihadists, such as the Al Qaeda-dominated “Army of Conquest” which could use the “no-fly zones” to mount a victorious offensive to capture Damascus and create a humanitarian crisis even worse than now.

Possibly with ISIS chopping off the heads of “infidels” – Christians, Alawites, Shiites, etc. – and with Al Qaeda having a new home in the center of the Middle East to plot terror strikes on the West, Cohen’s plan might necessitate a major U.S. military intervention that would get even more people killed and deal the final death blow to the American Republic.

In evaluating Cohen’s lame-brained double-think, it is worth remembering that he was one of the many U.S. opinion leaders who cheered on Secretary of State Colin Powell’s deceptive Iraq War speech to the United Nations on Feb. 5, 2003. Waving “we-love-Colin” pompoms alongside all his esteemed colleagues, Cohen laughed at anyone who still doubted that Saddam Hussein possessed hidden WMD stockpiles.

“The evidence he [Powell] presented to the United Nations – some of it circumstantial, some of it absolutely bone-chilling in its detail – had to prove to anyone that Iraq not only hasn’t accounted for its weapons of mass destruction but without a doubt still retains them,” Cohen wrote. “Only a fool – or possibly a Frenchman – could conclude otherwise.”

Ha-ha, did you get that clever line – “Only a fool – or possibly a Frenchman” – pretty funny except that by heaping ridicule on those of us who doubted Powell’s evidence, Cohen contributed to the deaths of some 4,500 U.S. soldiers, the slaughter of hundreds of thousands of Iraqis, the cost to U.S. taxpayers of more than $1 trillion, and chaos now spreading across not just the Middle East but into Europe.

In a normal place where there was some modicum of accountability, you would have expected Cohen to be banished to Storage Room B with his red stapler or worse. But no, Cohen is back running with the same juvenile in-crowd, behaving just as stupidly and just as recklessly as he has many times in the past.

Obama Intimidated

But the larger problem is that President Obama appears intimidated by this collection of know-it-alls who preen across the editorial pages of The Washington Post and The New York Times or who hold down prestigious “fellowships” at the Brookings Institution or other big-name think tanks or who self-identify as “human rights activists” advocating “humanitarian” wars.

Arguably, Obama has always had an outsized regard for people with establishment credentials. It is, after all, how he rose through the ranks as first an extremely bright academic and later a talented orator and politician. Without family connections or personal wealth, he needed the approval of various influential individuals. If he offended them in some way, he risked being pigeonholed as “an angry black man.”

Indeed, the comedy duo Key & Peele developed a series of funny skits with Jordan Peele playing the always proper and controlled Obama and Keegan-Michael Key as “anger translator Luther.” Obama even invited “Luther” to translate Obama’s speech to the 2015 White House Correspondents Dinner, except that by the end of that talk Obama was expressing his own anger and Luther peeled away.

The problem in the real world is that Obama remains cowed by the Important People of Washington – represented in that oh-so-important crowd at the dinner – and bows to their misguided thinking.

Obama also is facing a beefed-up lobbying operation for Saudi Arabia to go along with the always formidable Israel Lobby. The Intercept reported that in September the Saudi kingdom added to its large stable of thoroughbred influence-peddlers by signing “Edelman, the largest privately owned public relations agency in the world [and] the  Podesta Group … a lobbying firm founded by Tony Podesta, a major fundraiser for the Hillary Clinton presidential campaign.”

Indeed, the repressive Saudi kingdom may need some special P.R. help as it prepares to behead Ali Mohammed al-Nimr whose body would then be attached to a cross or otherwise displayed in a crucifixion that would leave his corpse to rot for several days as a warning to others. Al-Nimr is a Shiite who at the age of 17 in 2012 participated in a pro-democracy demonstration that was viewed as an affront to the monarchy.

The Saudis also have been waging a ruthless air war against impoverished Yemen, attacking Houthis who stem from a branch of Shia Islam which Saudi Sunni Wahhabism considers apostasy. The Saudi bombing campaign, which recently killed some 131 celebrants at a wedding inside Yemen, gets intelligence and logistical support from the Obama administration even though the slaughter of Houthis has benefited their Yemeni rivals, “Al Qaeda in the Arabian Peninsula” who have gained ground behind the Saudi air offensive.

Diverting Attention

Yet, the Saudis’ P.R. battalions – along with the Israel Lobby – have kept Official Washington’s focus in other directions. Indeed, there are now so many false or dubious narratives dis-informing the capital’s “group think” that U.S. decisions are driven more by mythology than facts.

Obama could begin the process of restoring sanity to Washington by declassifying U.S. intelligence analyses on several key issues. For instance, Obama could release what’s now known about the Aug. 21, 2013 sarin gas attack outside Damascus.

After that attack, there was a rush to judgment at the State Department and within the mainstream U.S. news media to blame that atrocity on Assad’s forces, although I’m told that CIA analysts have since moved away from that view and now agree that the attack was likely a provocation designed to draw the U.S. military into the war on the side of the Sunni jihadists. [See Consortiumnews.com’sThe Collapsing Syria-Sarin Case.”]

Though Obama and other officials have dropped the sarin accusations from their public speeches – harping instead on “barrel bombs” as if those homemade weapons are some uniquely evil device – Obama has refused to retract the sarin allegations which helped shape the hyper-hostile “conventional wisdom” against Assad.

Similarly, Obama has withheld U.S. intelligence information about the July 17, 2014 shoot-down of Malaysia Airlines Flight 17 over eastern Ukraine, letting stand hasty accusations blaming Putin. Obama appears infatuated by the trendy concept of “strategic communications” or “Stratcom,” which blends psy-ops, propaganda and P.R. into one noxious brew to poison public opinion about one’s “enemy.”

With the recent Russian military intervention in Syria, Obama had the chance to correct the record on the sarin-gas attack and the MH-17 shoot-down but instead continued the “Stratcom” both in his United Nations speech and his news conference last Friday with more hyperbolic attacks against Assad and Putin. In doing so, Obama apparently bowed to the desired rhetoric of hardliners like U.S. Ambassador to the UN Samantha Power and the editorial-page masters of The Washington Post and The New York Times.

Obama may have hoped his harsh language would appease the neocons and their liberal-hawk pals, but the tough-guy rhetoric has only opened him up to new attacks over the disparity between his words and deeds. As the clueless columnist Richard Cohen wrote, “A no-fly zone needs to be established. It is not too late to do something. By doing so little, the United States has allowed others to do so much.” [Emphasis in original.]

In other words, Cohen appears to want the U.S. military to shoot down Russian planes over Syria, even though the Russians have been invited by the recognized government to be there and the U.S. has not. The minor complication of possible human extinction from a nuclear war apparently is of little consequence when compared to the street cred that one gets from such manly talk.

For Official Washington – and apparently Obama – the peace option is regarded as unacceptable, i.e., working with Russia and Iran to achieve a power-sharing unity government in Damascus (with the promise of elections as soon as possible) along with the United States demanding from its regional “allies” a complete shutdown of assistance to the Islamic State, Al Qaeda’s Nusra Front and all other Sunni jihadists.

That option would require Obama and the neocon/liberal-hawk cowboys to get down off their high horses, admit they have been tossing their lasso in the wrong direction – and compromise.


Investigative reporter Robert Parry broke many of the Iran-Contra stories for The Associated Press and Newsweek in the 1980s. You can buy his latest book, America’s Stolen Narrative, either in print here or as an e-book (from Amazon and barnesandnoble.com).

October 7, 2015 Posted by | Deception, Mainstream Media, Warmongering, Progressive Hypocrite | , , , , , , , , , , | Leave a comment

Bankers Who Commit Fraud, Like Murderers, Are Supposed to Go to Jail

By Dean Baker | Beat the Press | December 3, 2014

Wow, some things are really hard for elite media types to understand. In his column in the Washington Post, Richard Cohen struggles with how we should punish bankers who commit crimes like manipulating foreign exchange rates (or Libor rates, or pass on fraudulent mortgages in mortgage backed securities, or don’t follow the law in foreclosing on homes etc.).

Cohen calmly tells readers that criminal prosecutions of public companies are not the answer, pointing out that the prosecution of Arthur Andersen over its role in perpetuating Enron left 30,000 people on the street, most of whom had nothing to do with Enron. Cohen’s understanding of economics is a bit weak (most of these people quickly found other jobs), but more importantly he is utterly clueless about the issue at hand.

Individuals are profiting by breaking the law. The point is make sure that these individuals pay a steep personal price. This is especially important for this sort of white collar crime because it is so difficult to detect and prosecute. For every case of price manipulation that gets exposed, there are almost certainly dozens that go undetected.

This means that when you get the goods on a perp, you go for the gold — or the jail cell. We want bankers to know that if they break the law to make themselves even richer than they would otherwise be, they will spend lots of time behind bars if they get caught. This would be a real deterrent, unlike the risk that their employer might face some sort of penalty.

Why is it so hard for elite types to understand putting bankers in jail?

December 3, 2014 Posted by | Corruption, Mainstream Media, Warmongering | , , | 1 Comment