Just Don't Embarass Us

The Rev. Henry J. Lyons, former president of National Black Baptist Convention USA was forced to resign after his wife burned down Lyons' and his girlfriend's million dollar condo. I asked my cousin, who was a prominent pastor, what he thought about it. His response: "We gave our president of the convention unlimited power to steal and fornicate, all we asked was that he did not embarrass us."

As Congress feigns its outrage – Congress lately leads the world in outrage - over the AIG bailouts, I can't help but be reminded of my cousin's comments. For decades Congress has been the equivalent of street whores – no offense to the street whores- for Wall Street's excess. Every attempt to regulate the financial markets was seen as an assault on capitalism and the American way. They bullied regulators on behalf of their wealthy Wall Street Pimps and when that did not work, they simply gutted the regulations. Details are now coming out that regulations that would have banned bonuses were mysteriously stripped out of the TARP legislation in Committee.

I have been watching these hypocrites in congressional hearings today shift the blame over AIG bonuses to the Obama Administration and present AIG CEO Edward M. Liddy. Secretary of Treasury Timothy Geithner, along with Liddy, have the most thankless jobs in America. They have been asked to clean up a sewer that Congress has been dumping feces in for decades. Liddy, who is being paid $1 a year, should have stood up and told Congress to kiss his ass.

As outrageous as it is to pay AIG Executives bonuses – it like being raped and then having to take the rapist on a shopping trip- the real outrage are the trillions of dollars that were looted from the financial system over the last decade, with the help of Congress. These elected hypocrites are not mad over the bonuses and the Wall Street bailouts. They are mad because the thugs they are in bed with embarrassed them.

The President said today that he does not want to quell the anger of the American public. Nor should we let him. I hope that we stay angry. I hope that we insist that when we get this mess cleaned up, some people on Wall Street go to jail. I hope that some members of Congress are sharing that cell with them.

What's Wrong With Class Warfare?

What is wrong with class-warfare? If just ten years ago, the working class would have declared war on Executives who were taking multi-million dollar bonuses that had no basis in reality, other than to loot the financial systems, we would not be in this mess today. John Stewart in a -brilliant- Howard Beal rant on CNBC ‘s hypocrisy of criticizing the stimulus plan, when they served as street barkers, guiding passive investors into gambling casinos masquerading as financial institutions. It is absolutely amazing to me that a million people have not showed up on Wall Street in a day of protest, to demand that these motherfuckers go to jail.

I don’t understand a mentality that people who have been abused don’t have the moral standing to demand their abusers be punished. I walked around Midtown Manhattan 18 months ago, unbalanced by the displays of wealth. We are talking about Masareti Limousines 10 deep waiting to carry an executive 10 blocks; fifty million dollar apartments in the Time Warner Building along with a fifty million dollar summer home in the Hamptons. The American public was pimped, whored, bamboozled and ponzi-schemed by these thugs with a MBA, with Congress –democrats and republicans- holding their hands.

Newt Gingrich –Back To The Future- is on Meet The Press today criticizing Vice-President Joe Biden for rightfully calling that some of these CEO's be put "in the brig." This is the same Gingrich that as Speaker led a Republican dominated Congress to deregulate the markets. The Wall Street Journal recently wrote an editorial blaming the sinking markets on Obama's policies, which are two weeks old. This is the same Wall Street Journal that defended executive excess the last eight years, as "innovation". So now a young President who inherited a global meltdown is having to call up the New York Times to defend himself from a socialist label, because he is attempting to bring some kind of coherence to this madness.

Frank Rich –The Edward R. Murrow of the 21st Century- writes in the New York Times with unmatched eloquence at how these Upper East-Side thugs were paying $80,000.00 for teddy bears. Unless the working class, middle class, and working poor declares war on this foolishness, the next generation will have to deal with this same mess.

And how do you declare war. Just get mad, get mad as hell and say i am not going to take it anymore.

State vs. Pookie Johnson AKA "Lil Stuff"

Judge: The Court now call the matter of State vs. Pookie Johnson

District Attorney: Your Honor this is Assistant District Attorney Jason Bourne representing the state and Attorney Larry English representing the defendant. Mr. Johnson is on for sentencing after having been found guilty of intent to distribute two kilos of cocaine.

Judge: Good Morning Mr. English

Mr. English: Good Morning Your Honor

Judge: Mr. English before I pass sentence is there anything you would like to say on behalf of your client

Mr. English: Yes, your Honor. Your Honor the United States Mayor, former Presidential candidate, and former United States Attorney, the Honorable Rudy Giuliani came out in defense of the 20 billion dollar in bonuses that Wall Street bankers paid themselves after taking 350 billion dollars of government money as good for economy of New York

Judge: Mr. English what the hell that got to do with Pookie Johnson’s case

Mr. English: Well your Honor, Mr. Johnson selling hundreds of kilos of cocaine in the depressed inner city has also been good for the economy. Mr. Giuliani rightfully pointed out that Wall Street bankers bonuses fuel the real-estate industry in New York. I mean who else can afford 30 million dollar apartments. Those bonuses are the bedrock of Bergdorf Goodman and other stores along 5th Avenue. The rest of America may be angry, but New Yorker understand, that so goes the bonuses, so goes New York.

And your Honor Mr. Johnson expresses that same entrepreneurial spirit as Citi and Bank Of America. Mr. Johnson proceeds may be illegal like Wall Street, but your honor, he gainfully employs young black males who have been left behind in this global economy, his taste in jewelry and fast cars have been a savior to those industries in these tough economic times. Mr. Johnson has purchased rent houses all over the city, so he is putting affordable houses on the market.

District Attorney: Your Honor, this is unbelievable Mr. Johnson purchased rent houses to hide money

Mr. English: Your Honor our good DA's criticism of Pookie, like our well meaning President criticism of Wall Street bonuses is misguided. As Mr. Giuliani so rightfully pointed out somebody got to help the real-estate market in these tough times. That is exactly what Pookie Johnson has been doing.

Judge: Mr. English have you lost your mind?

Mr. English: No your honor I just think that Mr. Johnson should be given the same consideration as the CEO’s that have raped the public and private coffers and As Mayor Giuliani said..

Court: Mr. English you are an idiot and so is Rudi Giuliani

Mr. English: Yes your honor

Court: Pookie Johnson, I hereby sentence you to 15 years and I suggest that when you get out, you apply your considerable business skills on Wall Street. There stealing is legal. Court dismissed.

There Is Whoring In The Whore House?

I had doubts from the very beginning of the veracity of some of the ranting by Illinois Governor Gov. Rod Blagojevich on the Federal wiretaps. Next I knew that the juvenile mentality of the corporate media would attempt to tie the scandal to Barack Obama.

I have practiced criminal defense law for the last ten years. Most of my clients are not necessarily bad, they just do stupid things, sometimes totally out of their character. In that sense everyone in America is capable of committing a crime.

But then there are the 25 percent true criminals. The one thing all true criminals have in common is that they are fucking insane. They suffer from narcisssitc personalities so deep that they are capable of committing almost any act. They are often brilliant, charming and delusional in how they see themselves and the world around them.

Blagojevich is a true criminal. When you are under federal investigation. When you have spent hundreds of thousands of dollars on lawyers to keep the federal government at bay. Why would you talk into an open mike and shake down politicians? Because you are fucking insane!

It is highly dubious that Jessie Jackson Jr. knowing that the governor is demented and under federal investigation would enter into a pay for play deal given his family’s experience with the Feds. After all his father probably has an FBI file longer than War and Peace.

It is troubling that the Feds released Jackson’s name in federal wiretaps and indictment on the basis of Blagojevich rants. This is a classic government tactic to run some bag man to ground to give up someone higher up on the food chain. Even if Jackson’s camp offered to raise governor Elvis money in return for the senate appointment, that is not illegal.

One of the amazing things is the feigned shock of the media at the fact that Blagojevich would be offering a pay to play deal on a United States Senate Seat. From the town aldermen to 1600 Pennsylvania Avenue, politicians have been engaged in the pay to play game since the beginning of the republic. How do you get the Ambassadorship to London or Paris? You raise hundreds of thousands of dollars for the guy that wins the Presidency. Now the media is shocked to find out that there is whoring going on in the whore house.

But then the juvenile corporate media has spent the last week trying to muddy Barack Obama with the scandal. If Obama attempted to influence the governor's pick, that is within political norms. But now the media is implying that Obama must be dirty because he came out of Chicago politics.

We are on the verge of a global depression. Yet, the media is fascinated with a thug governor from a corrupt state. Bernard L. Madoff alone stole fifty billion ($50,000,000,000.00)dollars. How the hell do you steal 50 billion dollars and no one notices. There has to be other banks involved with Madoff. The SEC has said it had credible evidence ten years ago and did not act or did it just turn a blind eye? When Madoff is added with the other looting that took place on Wall Street on a generational scale, Blagojevich looks like a petty street criminal.

Why has Blagojevich and Obama been the lead story the last weeks rather than Madoff and Wall Street. The problem is that the same corporate looters that have created this mess pay the salaries of the talking heads that dominate the national media. Now that it is the ultimate pay to play.

Congress To End Affirmative Action For White Men

A bipartisan group of congress announced today they will be introducing legislation to end all affirmative action for white men by January 1, 2009. Senate Majority Leader Harry Reid said “After 250 years of both government and private sector affirmative action for white men, we believe the time has finally come to tell this group that they must stand on their own. “

This legislation is seen by some congress effort to quell the growing resentment from constituents who have become frustrated that white men cannot seem to get their shit together. For many in the country the proposed 700 billion dollar Wall Street bail out was the final straw. Ms Cora Lee Jones-Smith, President of the Malcolm X Public Housing Tenant Association in Dayton Ohio expressed the country’s frustration when she said: “We have given them the Presidency 44 straight times, we have given them access to the best schools for 200 years, when they ran the Savings and Loan Industry in the ground in the 80’s we bailed them out and once again they get in trouble and they run back to us for another 700 billion dollars. It is time to say to these people get real jobs and get off of the government tab and start taking care of themselves. “

The citizen group “BAIL OUT MY ASS” announced yesterday that over a million citizens signed their online petition asking congress to reject giving white men another 700 billion dollars. Said Joe Santiago the group’s spokesman “Enough is enough. They are even talking about giving foreign white men our money in this bail out. If blacks can endure slavery and within a generation of the ending of Jim Crow elect a president, and If Hispanics can literally walk to this country and immediately began prospering, white men after 200 hundred years of affirmative action ought to be able to clean up their own mess. “

However, Presidential Candidate John McCain said “It would be premature at this point to end affirmative action for white men. We still don’t have enough billionaires and you know by 2050 the country will be majority brown and we need affirmative action for white men to stay in place at least to then”

Appoint Elliot Spitzer As Attorney General

Remember how Spitzer was burned at the stake for paying for a prostitute? A high-paid, fine-ass prostitute I might add! Many of the folks throwing wood on his funeral fire were Wall Street executives, whom Spitzer as New York Attorney General had relentlessly prosecuted. As the cascading meltdown of major brokerage houses continues, it has become clear that Barack Obama should appoint Spitzer as the next U.S. Attorney General, with the mandate to brining the full weight of the federal government down on every thieving motherfucker on Wall Street, along with their enablers in Washington.

This debacle is not the result of bad business decisions. The banks and brokerages houses created exotic paper instruments that they continually sold and resold to each other collecting staggering fees and paying obscene bonuses on each new transaction. This is organized crime at the highest level.

This is the end game of 20 years of thievery with the blessing of Republican Regulators starting in the Reagan Administration. The Clinton Administration whored themselves out to Wall Street with the same vigor of the republicans. And like the republicans before them and after them, they left government for lucrative Wall Street jobs. Bill Clinton, Raul Emmanuel, and Al Gore all dipped their tip in the Wall Street “Casinos “ as Diane Francis so aptly named them in the Huffington Post.

Let’s call this what it is: The Ultimate White Boy Affirmative Action. This financial meltdown is the result of a relative small group of white men, from a relative small group of schools, who gamed the system for billions of dollars and when the chickens come home to roost, their classmates in Washington bails them out so they can start the plundering all over again. Remember the Savings and Loan bailouts? Financial Guru James Grant said “Capitalism without financial failure is not capitalism at all, but a kind of socialism for the rich”

According to Francis, Spitzer for years attempted to control mortgage practices in courts across the country. His chief adversary was the Bush administration. Spitzer was the most despised person on the street because of his tough stand on corruption at the banks and brokerages houses. And he did this without any support from the SEC, whose job was to prevent the very thing that has happened. The Justice Department was too busy saving the country from street level crack dealers and too failed to take seriously its oversight of this gang rape of the financial markets.

President Obama, with great courage, you turned down Wall Street 20 years ago, for the greater good of your country. Do us one more favor. Appoint Elliot Spitzer as Attorney General and let him do what he does best, lock up these Harvard educated dope dealers, working the most expensive street corner in the world. And if he wants to dress up as a woman and get it on with $5000.00 an hour hookers, I say make it a part of his bonus package. It’s a hell a lot cheaper than giving Fannie Mae and Freddie Mack trillions of dollars of our hard earned money.