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Time to Lynch Lynch, & Execute the Gramms

Tuesday, September 06 2011 @ 10:34 PM CDT

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Wendy Gramm, Judge Bruce Levine & Criminal Behavior At The CFTC -

Attention Eric Holder, Federal Prosecutors

If you haven't heard this story yet, be prepared for a new realm of outrage. When you read this keep in mind that the CFTC has only 2 judges. Quietly last month, CFTC Case Judge, George H. Painter, issued a "Notice and Order" announcing his retirement from his position.





In this notice Judge Painter wrote of a conspiracy at the highest levels of the CFTC (within the enforcement division), where a long time judge of 20 years has been working with past CFTC Chairs to rig the enforcement of the law by never (not once in 20 years) finding anyone guilty of market manipulation. We must be talking about tens of thousands of cases, to put the size of these crimes in scope.

Here are Judge Painter's words:

"There are two administrative law judges at the Commodity Futures Trading Commission: myself and the Honorable Bruce Levine. On Judge Levine's first week on the job, nearly twenty years ago, he came into my office and stated that he had promised Wendy Gramm, then Chairwoman of the Commission, that we would never rule in a complainant's favor. A review of his rulings will confirm that he has fulfilled his vow. Judge Levine, in the cynical guise of enforcing the rules, forces pro se complaints to run a hostile procedural gauntlet until they lose hope, and either withdraw their complaint or settle for a pittance, regardless of the merits of the case"

"In light of these unfortunate facts, if I simply announced my intention to retire, the seven reparation cases on my docket would be reassigned to the only other administrative law judge of the Commission, Judge Levine. This I cannot do in good conscience. Accordingly, I recommend that the Commission request the services of an administrative law judge to be detailed to the Commission from another agency."

His request was granted, and his cases were not assigned to Judge Levine.

Wendy Gramm is a former Enron board member, and former head of the CFTC (1988-1993), and the wife of deregulation neocon Phil Gramm. Here's what Barry Ritholtz said about Wendy Gramm:

A reminder to those of you who may be unfamiliar with this particular corporate harlot: Gramm was not only the former CFTC chair, but she was an Enron board member and wife of deregulation architect Phill Gramm, who for reasons unknown to decent society, is gainfully employed as a fluffer at UBS, helping to further besmirch the reputation of that bailed out firm.

Nice one, Barry!

http://dailybail.com/



Phil & Wendy Gramm – Scum of the Earth

Phil Gramm, who lost his position as the co-chairman of John McCain's presidential campaign when he blamed the recession on the people of the United States who he said were a "nation of whiners," is the Republican former chair of the Senate Finance Committee who authored the deregulatory legislation at the heart of the current economic crisis. Since he left office he has helped lead a foreign-owned bank that specializes in tax dodges for the wealthy (fancy that!) These schemes by the Swiss-based UBS are blatantly illegal. In February 2009, UBS admitted to having committed fraud and conspiracy and agreed to pay a fine of $780 million (in 2004 alone, these Swiss bankers allegedly traveled to the United States approximately 3,800 times to discuss their clients' Swiss bank accounts).

Vice Chairman of UBS Gramm was hired by the company because of his expertise in American law, some of which he wrote. As Gramm said when he was hired in 2002 by UBS, the position "will provide me with the opportunity to practice what I have always preached." Apparently he means how to be a thieving criminal; cheating, stealing and raking in tons of money.

Phil Gramm and his wife, Wendy, get away with murder in their financial machina-tions. After all, neither has ever been held legally responsible for the Enron debacle, in which the Gramms played a major part. As a top government regulator, Wendy Gramm changed the rules to make Enron's chicanery possible, and as the chairman of the Senate Finance Committee, Phil codified those rule changes into federal law. While Enron execs like Chairman Ken Lay (a major Gramm campaign contributor) were indicted, the charmed couple that created the loopholes Lay and others jumped through escaped legal responsibility.

After leaving the government, Wendy Gramm joined Enron's board, where she headed the audit committee that managed to avoid auditing the company's disgraceful accounting procedures - just as her husband gave advice on how to cheat & steal during his stint in the private sector with UBS.

http://showmethemoney-tbone.blogspot.com

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