Remember the 2008 Financial crisis? The one where banks made loans to people who couldn’t afford them so those people could buy homes they couldn’t afford at inflated prices that far exceeded the actual value of the property, then bundled those loans into securities and had ratings agencies vastly overstate the value of those securities, all so they could make billions in profits? They then got bailed out at the expense of the taxpayers they just ripped off, all because they were too big to fail? Then they used the bailout money to pay huge bonuses to bank executives? Those actions crashed the economy of the entire world, destroying trillions in retirement savings that vanished virtually overnight? The banking regulators that were in charge of making sure stuff like that didn’t happen? They retired from government service, and all were offered high paying jobs with the same banks they were supposed to be watching and never even have to go to work. Isn’t that odd? They made a great movie about it, called The Big Short.
No one went to jail. Not one person. The largest fine paid by a banking executive was $67.5 million. For committing fraud on such a large scale that it was the largest transfer of wealth in human history to that point.
Ghislaine Maxwell trafficked in children for decades. She made money by providing children to be used as sex toys for no one, apparently. Not one person has been named as being one of her customers.
Why do I bring that up? Because today, Alex Jones was ordered to pay $1 billion in damages because he is an asshole and said mean things. Don’t get me wrong, he *is* an asshole. What he did and said hurt the victims of Sandy Hook and their families. I often wondered if he wasn’t a government disinformation campaign designed to make the right look like a bunch of nutjobs. That however, doesn’t come close to being in the same league with what the banks, their executives, and government regulators did.
I guess he wasn’t big enough for a bailout. I wonder, if one were to draw a Venn diagram of banking executives, government officials, and Ghislaine Maxwell’s clients, how much of those three circles would overlap? Now compare that to a Venn diagram of Alex Jones fans. Perhaps that is the real reason why he is paying out a billion bucks. He is being crushed as an example to all of the others: don’t you DARE question us.
10 Comments
anonymous coward · October 13, 2022 at 4:46 am
Wasn’t prince andrew the token convict?
At least the FBI went to his island and picked up a bunch of equipment and media, and didn’t leave it behind for the taliband.
Divemedic · October 13, 2022 at 8:00 am
All they did to Andrew was take away his honorary titles. He still lives in a palace as a free man and has untold wealth.
Toastrider · October 13, 2022 at 7:10 am
There’s a little more to the 2008 crisis than just banks. The Community Reinvestment Act mandated those loans, and when the banks started balking, the feds stepped in to help guarantee the loans (as securities).
So yeah, plenty of blame to go around, not just banks.
The Alex Jones verdict, though, is another front on the war against people the Cathedral find unpleasant and annoying. Supposedly this verdict is because persons unknown and unnamed harassed Sandy Hook families. How this is Jones’s responsibility is beyond me (yes, I’m sure there are people saying ‘he encouraged them!’. If that’s the case, there’s a whole lot of other people who need to be sued, most of whom work for or used to work for the MSM).
Jones does have the dubious honor of being one of the most unsympathetic defendants in a civil trial in a long time.
Divemedic · October 13, 2022 at 8:03 am
I wrote much more about the financial crisis if you’re interested. I also highly recommend the big short.
Phill Gramm was a huge player in that mess.
https://areaocho.com/the-banks-in-general/
Jonathan · October 13, 2022 at 7:39 am
When he was alive, they hounded Rush Limbaugh everywhere they could, from auditing his taxes every year to getting him addicted to painkillers and much else.
Both are prominent examples of nails sticking up getting hammered – in my opinion unjustly.
Damnation and a Day · October 13, 2022 at 10:19 am
The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks. ~ Lord Acton
SiG · October 13, 2022 at 10:31 am
So how does a Joe Rogan even pay that judgement? I did a search of a few lists of American billionaires and he’s not in any of them, so are they just going to confiscate everything he has, let the lawyers take their share and then the people who were “damaged” get a few cents each?
I understand rulings like this are intended to punish and humiliate and there are other steps that are going to happen, but it just strikes me as something done for appearances, not with any potential of happening.
“Let’s keep those uppity people silent, maybe this will intimidate them!”
Steve · October 14, 2022 at 10:40 am
He doesn’t. Since judgements are not dismissed through bankruptcy, this is to confiscate all future earnings, keeping him living at poverty level for the rest of his life, and visit “the iniquity of the fathers on the children to the third and the fourth generation”.
Satan does like to imitate God, doesn’t he?
Big Ruckus D · October 13, 2022 at 11:11 am
Always remember, if one commits and is convicted of a crime and only has to pay a fine as a result, then the supposed “crime” they committed is more properly defiend as “legal for a price”.
Steve S6 · October 13, 2022 at 1:17 pm
You are not of the body! (STOS, Return of the Archons)
Human nature is always us/them, and like Sauron “them” does not share power.
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