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Wanta | was Holder forced out for failure to prosecute Wanta murder plot?



OWoN: Like the Mississippi the dirt just keeps rolling along. Here is a copy of Leo's direct article to both Holder and Obama.

Serious and damning allegations. Why have neither been arrested? Why are neither facing prosecution? How far does State Murder protection go?

Why have the FBI Miami branch been stopped from investigating the Falcone Fraud?

Why has Biden not been charged with being a bribed public official as it's been reported to Obumma 3 times?

Why has Bush not been charged for arranging for the 5 CIA Agents to fly around on a Government plane moving and laundering Biden's money to escape Falcone's pursuing Forensic investigators? This was revealed to Obama 3 times.

Why Has Romney not been investigated over allegations that he took $1B from the Falcone programs in conjunction with Bush.

This program arranged by Ackermann of Deutsch Bank earned almost $1T. Will Bush explain where it went? We have the accounts and named parties.

Why has Clinton not been investigated over allegations she took $400M as a pay off from Bush to pay Biden a $200M Bribe? Reported to Obumma 3 times by hand courier message!

Why are the 5 CIA Agents not on trial?

Who will investigate the grand Scam perpetrated on Riyardi and who stole the first $500M contract agreement fee due to him? We hold the full and real original contract all signed up including Greenspan, Geithner and Kuhn. Plus all others. Trillions have been made and gone missing. Why has the $15T fraud printing using Riyardi's account to rescue the FED not been investigated?

The dirt factory Cabal of crooks seem impervious to common decency or redress. Life has a way of catching up. Times are changing as the public awakens to what is done on your watch.

When Justice breaks, retribution will follow these dirt-bag officials.


---------- Forwarded message ----------

From: Ambassador Lee Emil Wanta <somam@prodigy.net>

Date: 29 September 2014 18:44

Subject: ISA_ Real Reason Eric Holder was Forced Out!

To: President Barack H Obama <info@mail.whitehouse.gov>, "U.S. SECY TREASURY_JACK LEW" <jlew@who.eop.gov>, OVP_Vice President Joe Biden <scheduling@ovp.eop.gov>, OVP_Chief of Staff Bruce Reed <breed@ovp.eop.gov>, OVP_Alan L Hoffman <ahoffman@ovp.eop.gov>

http://www.wantarevelations.com/evidence/WANTA-Book.pdf

Be sure to listen to Senator Songstad and Governor Sundquist plotting murder caught on tape! This must go viral and I need your help with that! Don't let evil win - break through the censorship of the mainstream and fake alternative media that is helping Songstad and Sundquist get away with attempted murder!


Holder Resigned Over Failure to Prosecute Wanta Murder Plot!

Before It's News
By Glenn Canady
28 September 2014

A report has surfaced today that Eric Holder was made to resign over his failure to prosecute Senator Sheldon Songstad and Governor Don Sundquist over their $30 billion attempted bribe and murder plot to hire hit men to kill Lee Wanta caught on tape and broken first on Before It’s News in this story.

“Senator Songstad and Governor Sundquist Caught Red Handed Plotting Murder!”

or here at OWoN


Senator Sheldon Songstad (L) and Governor Don Sundquist (R)


I was told today that an anonymous source provided this shocking information about Eric Holder to personnel at VeteransToday. Obviously Eric Holder is working with the same people involved with Senator Songstad and Governor Sunquist and has now been rewarded for his non prosecution for their crimes as well as protecting the criminal bankers that have looted America with a $77 Million Job With JP Morgan Chase.

Many attempts have been made to bury this story including having it censored by all mainstream media and most of the fake alternative media including the “tip of the spear” man in Austin Texas who has thus far protected Songstad and Sundquist by spiking the story when it should have been front page on his website for a week instead of the Iodine ads! Rick Wiles of TruNews also failed to report it also when I personally told him about it through his website contact email. In fact, Rick Wiles even shilled for Sheldon Songstad and put him on his radio show to put out government disinformation in the past. When I informed Rick Wiles of the latest story about his friend being caught on tape plotting murder, I was promptly blocked from his Facebook page. That’s how you find out who the trolls and shills are in alternative media. The ones that run from the huge stories are always shills. Funny they are always the same people that censor all the huge data dumps by our patriots and veterans in US Intelligence at VeteransToday. In fact, I believe every single person in alternative media that is not reporting this story should be thoroughly investigated at some point to see if they are working for the shadow government or a foreign power because nobody legitimate would censor the biggest story of 2014! How often do you get a Senator and a Governor caught on tape plotting a murder and taking a $30 Billion bribe!

I do thank all those in alternative media that DID report on this story and all those patriots around the world that shared it! I’m asking all you patriots to do it again! Please post this article and video to all Facebook walls, twitter accounts, email lists and legitimate alternative media websites that WILL do their job and report this huge story! This story also leads to many current Congressmen by what I’ve been told! So this goes much further than Songstad and Sundquist but clearly this story must go viral now to break through the censorship blockade of mainstream and fake alternative media. Don’t let evil win!


Senator Sheldon Songstad and Governor Sundquist Caught on Tape Plotting Murder and Extorting a $30 Billion Bribe!






PuppetGate

Veterans Today
By Preston James
17 September 2014

Foreword

Recently a quite detailed snapshot into how the USG functions in secret has emerged incidental to the efforts of **Ambassador Lee Wanta to gain access to Trillions of Dollars which have been confirmed to be his personal property. This Xray view into the inner workings of the Secret Shadow Government occurred in response to the efforts of Ambassador Lee Wanta to collect the Trillions of US Dollars that were awarded to him by a Federal Court.

The following conversation was left on Lee Wanta’s Washington DC Embassy answering machine on September 1, 2014 Labor Day. According to Lee Wanta this conversation was between between Former Tennessee Governor Don Sundquist and former South Dakota State Senator Sheldon R. Songstad.(1) Apparently these two men had tried to make a conference call to Lee Wanta and when he didn’t answer, they kept talking. This conversation apparently provides a snapshot or Xray into the way that the USG is really run at this time.

Listen Here

The vast 27 Trillion USD amount of money that Lee Wanta earned honestly engaging in major international currency speculation as President Ronald Reagan’s Secret Agent under the Totten Doctrine was part of a well developed plan to end the Cold War peacefully with a win/win solution, and then to revitalize and re-industrialize America. This dynamic plan was was jointly developed between President Reagan and Lee Wanta.

Ambassador Wanta’s first part of his mission as assigned by President Reagan was to bring an end to the Cold War by destabilizing the Soviet Union’s monetary system, while at the same time offering them a win/win solution that was too good to refuse, which they actually did accept. The second part of the plan was to Revitalize and Re-industrialize America, starting with the construction of a coast to coast High Speed Mag Lev Railroad.

History will show that the the Soviet leaders accepted Ambassador Wanta’s proposal and signed an historic General Agreement of Cooperation between the newly formed Russian Federation and the United States of America which is still binding even today.

This was a major historic breakthrough that was kept secret from the public at large until just recently. This General Agreement of Cooperation is historically notable because it ended the Cold War with an economic win/win situation and resulted in the Wall (“Iron Curtain”) coming down which had separated East and west Berlin, East and West Germany, and other Soviet Satellite countries from the free nations of the West.

What has never been public information until lately is that these efforts of Ambassador Wanta have been credited for the end of the Cold War while preventing what seemed to be an almost imminent nuclear WW3 between Soviet Russia and the United States of America. This was a major historical achievement for the United States that Lee Wanta attained and if a Criminal Cabal had not blocked efforts by Lee Wanta to access money which was rightfully his, America would likely have never entered the numerous dysfunctional Mid East Wars and experienced such serious economic declines, especially the recession of 2008 and the lack of real recovery afterwards.

The remaining part of the story of what Lee Wanta accomplished attaining the General Agreement of Cooperation with the Soviet Union and its successor, the Russian Federation, which was so secret that it was kept from the public until recently. That major secret is that Ambassador Wanta made a staggeringly large, almost unimaginable profit from his currency speculation which actually totaled 27+ Trillion US dollars.

This amazing accomplishment has resulted in Lee Wanta being given the nickname “The 27 Trillion Dollar Man” by other insiders that knew what he had accomplished. The rest of the story which needs to be told to all Americans is that Lee Wanta and President Reagan had developed a very dynamic, ingenious plan to Revitalize and Industrialize America and also to Nationalize the Federal Reserve System, thereby removing all existing deficits and replacing a FIAT debt-based monetary production and distribution system with a currency backed by Gold, Silver, precious metals and valuable commodities.

Ambassador Wanta has reported in several recent interviews that he has planned all along to use the Trillions he earned and which has actually now been adjudicated as his own personal money by a Federal Court, to build a large state of the art 200 MPH+ coast to coast High Speed Maglev Railroad, and to pay off the so-called National Debt.

The construction of this Maglev Railroad would immediately result in two million good paying job opportunities, many benefits for American Soldiers and their families and for American Veterans. It would bring heavy steel back to America and a great deal of heavy industry and manufacturing, ending the net loss of American jobs.

The following story is written by Ambassador Wanta’s Television, Film and Communications Consultant producer Lon Gibby, who was a witness to this recent snapshot or x-Ray view into how the our US Government is controlled by insiders and not by “We the People”, nor those who are supposed to represent us. Lon Gibby is presently producing a very dynamic movie that tells the story on the 27-Million Dollar man, Lee Wanta.

More on this in later Veterans Today articles. You can bet this new movie “Eagle One to Wanta” will be a very interesting and revealing movie that will give every American new hope of a new America filled with plenty of good paying job opportunities and high tech American Industry, once again leading the world.

Anyone who wants to learn specifics about Lee Wanta and his plan to revitalize and re-industrialize America can read the enclosed articles.(2)

– Preston James

Here is the explanation of PuppetGate, how I came upon it, and why I named it this. I have been working on a new documentary film entitled “Eagle One to Wanta”. It is the compelling story about President Reagan, and how he brought about the fall of the Soviet Union and ended the Cold War without firing a shot.

President Reagan and his secret agent Ambassador Lee Emil Wanta masterminded a creative way to financially take down the economy of the Soviet Union ( Evil Empire), and put together and negotiated a General Agreement of Cooperation with Secretary General Mikhail Gorbachev. As a result, the Russian Federation was born, and future generations throughout the entire world have enjoyed more safety from a nuclear holocaust because of this effort.

Working directly under President Reagan as a private citizen, there is a man named Ambassador Lee Wanta. Lee was mandated by President Reagan under the Totten Doctrine as a secret agent to be in charge of this effort.

In this process, Lee Wanta did amass trillions of dollars that were designated to go back to the American people by President Reagan. In his effort to carry out his mandate, Lee Wanta was imprisoned and the monetary funds that were his to distribute as planned were stolen or converted illegally by an organization known as the Federal Reserve System and used by them to this day.

Later in 2006, a US District Court Judge mandated and ordered that these converted funds be returned back to Lee with interest accruals. It’s hard to understand why, after eight years since this order was given by a US Judge, these funds are still retained.

When Lee Wanta receives his funds back it will be in the amount of 32.8 Trillion Dollars. He promised under an oath to President Reagan, after he paid his repatriation taxes on this money that he earned as Director General in his Austrian-based company, to eliminate overnight our national debt ( Approximately 18 Trillion), and our 1.8 Trillion International trade deficit at once.

Lee Wanta also pledged to pay certain sovereign nations what they were promised in the Reagan-Mitterrand protocols. This includes the French, Chinese, English and Russian Governments, where billions were promised. With the remaining funds left over, he plans to and develop and create new innovative businesses that could employ over 2 million people in the USA alone.

Full Article here with full explanation of Lee Wanta’s amazing story!

http://www.veteranstoday.com/2014/09/17/puppetgate

link

34 comments :

  1. We gave you all a direct copy of the emails to each state Official and evidenced receipt. The bribes and dirt go on.

    ReplyDelete
  2. Thank you John, this is going out to my list today.

    ReplyDelete
  3. Billy Meier Documentary

    Great watch for people interested in the secret space program and purpose of spirit.

    https://www.youtube.com/watch?v=CCds1GMHcHs#t=1352

    ReplyDelete
  4. John,
    are we still in check in daily mode? Is anything tracking? One moment it seems we are on the precipice, the next same ole stuff. Great article will share.

    ReplyDelete
  5. World leaders call for end of United Nations veto power
    http://www.jpost.com/International/World-leaders-call-for-end-of-United-Nations-veto-power-376443

    NEW YORK – World leaders demanded Security Council reform during their addresses to the UN General Assembly over the past few days, calling for the addition of more permanent and non-permanent seats on the council and the elimination of the veto.

    “The world is bigger than five,” Turkish President Recep Tayyip Erdogan said in his speech during the General Debate, referencing the five countries with veto power – the US, Britain, France, China, and Russia.

    Heads of state from across the globe echoed his call for immediate reform.

    The status quo has made the governing body inefficient, Peru’s President Ollanta Humala Tasso said. He asked for the addition of more permanent and non-permanent members, which, he said, should result in a more democratic process.

    “The Security Council’s capacity to respond to the different crises in different parts of the world reflects the need for reforming its work methodology,” he said.

    Japanese Prime Minister Shinzo Abe pleaded his case for Japan’s acceptance as a permanent member of the Security Council. Since joining the UN in 1956, he said, Japan has worked tirelessly to advance the causes of the UN.

    “It is my wish... [that] countries sharing the same aims all work together to finally resolve a long-standing issue to reform the UN in a way that reflects the realities of the 21st century,” he said.

    Discussions about council reform have been ongoing for years. France’s foreign minister first floated the idea of a “code of conduct” for the veto in 2001.

    During his speech last year to the General Assembly, French President François Hollande called on the five powers to agree on a set of scenarios in which the veto should not be used, notably when resolutions address mass atrocities.(more)

    ReplyDelete
  6. Have forwarded this out to many folks, the word is getting out.
    Rgds,

    ReplyDelete
  7. The entire top command is rotten to the core.

    ReplyDelete
  8. Thanks guys.....you are all cool.....thank you again..

    ReplyDelete
  9. Thank you for the proof! Rare to actually see proof but always appreciated. I hope this indicates that the info damn bursting.

    Off topic-First confirmed case of Ebola reported here in TX. Waiting to see what unfolds.

    ReplyDelete
  10. Thanks John. Pretty awesome if this taped bribe did the trick. Okay, so Holder's gone, who replaces him and what will they do? Hmmm. Fingers crossed for even bigger breakthroughs coming soon.

    ReplyDelete
  11. Cal Girl ( Just doesn't work with one L)
    Wait and see the next big exclusive coming out it blows a lot of covers. And shows how recovery can be achieved.

    ReplyDelete
  12. Nice site.

    However the process of posting a comment is difficult.

    The site is difficult to read and navigate on a desktop computer.

    It swallows posts with out posting them...

    thanks

    Nine

    ReplyDelete
  13. I will try one more time...

    not your fault.

    Nine

    ReplyDelete
    Replies
    1. KMB
      Its an idiosyncrasy of the Publishing software. All you need to do, as I do, is simply enter a single letter and hit publish. It then reformats, allowing your normal access and you can go ahead and comment. I do it each morning. Its the price of employing idiots in IT Software design. Just type any single character before and hit publish then it reformats and you can go ahead. It drove me crazy at first. A simple move bypasses a flaw designed by an idiot. Thanks for reporting.

      Delete
  14. Lance Armstrong and cycling culture and 9/11 truth.

    How can any of this be related?

    http://money.cnn.com/2014/04/29/smallbusiness/cycling-golf-entrepreneurs/

    cycling is the new golf and entertainment for our elite. It has as a sport been taken over by the small business administration and the US chamber of congress just like golf.

    All zionist infiltrated enterprises....

    you see cycling has become the new golf or the playground of the entrepreneurial class and I have become a part of this simply because I am old.

    My cycling club got over taken by these folks....

    Back in the seventies we had race clubs and we raced bicycles and now we have country clubs full of bicyclists who think they have "made it" whatever that means.

    Most cycling clubs are country clubs upon two wheels.

    Like lets wear a wrist band and ride for "the cure"

    yet the cure never comes but the business of the "cure" becomes the end all...

    Greg Lemond on Lance Armstrong

    http://www.youtube.com/watch?v=KqlfI-szTh8

    Really watch that vid.....really watch it....

    I really believe that they are going to reign in a bunch of the worst of them and of course I am rallying the troops to keep hope alive...

    And I have never backed down in this club that 9/11 was not as it has been told to us by our dear government just as what Lance Armstrong said about himself has proven to be false.

    The day might come just like the day came for Lance Armstrong and the bushes threw him under the bus and now there is silence on the LA deal amongst my cycling "pals".

    And so business comes before any type of shame I guess in America...

    My cycling club is my 9/11 truth laboratory.....

    I simply ask them questions and I never get fucked with....the leaders know the truth as I do....

    Nine

    ReplyDelete
  15. My link for the cnn article for cycling as the new golf does not work.

    More links here...

    the economist:

    http://www.economist.com/blogs/prospero/2013/04/business-networking

    Golf digest:

    http://www.golfdigest.com/blogs/the-loop/2014/04/cycling-is-the-new-golf-says-c.html

    Business Insider:

    http://www.businessinsider.com/cycling-is-the-new-hobby-for-rich-people-in-the-uk-2014-7


    You get the picture....

    thanks...

    Nine

    ReplyDelete
  16. Cycling is the new golf.

    do your own google since all of my links are blocked.

    Nine

    ReplyDelete
  17. That is a picture of Senator Jack Reed. No picture of Songstad is known to exist.

    ReplyDelete
    Replies
    1. He is listed on Wikipedia as Sonstad

      https://en.wikipedia.org/wiki/Members_of_the_South_Dakota_State_Senate

      This caught my eye..
      http://www.topsecretwriters.com/2013/11/illuminati-october-surprise-where-did-this-meme-come-from/

      why is the picture of Jack Reed being used does any one know?

      Delete
    2. It was obviously a mistake that just keeps getting reposted.

      I have corrected it here.

      Keep in mind that Veterans Today has never used that image, just Before It's News.

      Delete
  18. Russia could ditch US dollar in 2-3 years – head of Russia's #2 bank .....

    http://rt.com/business/191804-russia-ditch-dollar-2-years/

    ;;;;;;;
    Then I would read it as this: Get prepared it might happen in 2-3 months....., but not sure how much dis-info exists out there....

    ReplyDelete
  19. Vlastimil

    Once Russia prices its gas in roubles and euros, as well as Oil, its game over. The first tankers priced in roubles have shipped. The next frontier is the battle for Syria. The US seek to collapse the country to run an Emirates Gas pipeline through it to the European Med, and collapse Russia's Gas markets. Russia will simply annihilate US and ISIS forces in Syria before that happens, and once that step is taken, realising the Global Zionist network needs terminating, they will lobotomise Israel. Leaving the US to do what? WW111 or take it as gone? America gets it so wrong constantly. Good people, great capability, but led by crooks and idiots. We all need to help America remove and clear out its trash so the world can be a better place. Start by removing the illegal, lying and inept crook in the WH, and get Herzog extradited to stand trial in the US. He will unlock all the network of Bush/Clinton and Cabal accounts, which can all be seized and America released from bondage. In one hit it will rail in the crooked bankers, and restore Trillions back to America and the world. Americans are now as trapped as many good Germans were under Hitler.
    The problem is NOT the Americans, it's the crooks in control, and many of them have Rat Pack Weasel Passports for escape runs to Israel. Israel supports and profits from vast Zionist corruption and steals America blind. America can and must arise again free of vermin and Cabal bondage.

    ReplyDelete
    Replies
    1. This comment has been removed by the author.

      Delete
    2. This explains Russians military drills that are taking place continuously here and there .... week ago it was South of Russia deep military drills....Before it was Far East, before it was Arctic drills before it was at the West part close to Ukraine and Kaliningrad ...... this is no joke! They are getting ready and well prepared.

      Putin makes sure that army is fit because if they launch it one can expect that USA will have some objections to end of PetroDolar, right.....

      ,,,,,,,,,
      This has not bee on another popular news portals yet but Russia voice radio.....

      RF State Duma deputy Mikhail Děgťarjov asked the chairman of the committee of inquiry Russia to verify the share of Ukrainian oligarch Ihor Kolomojského and the leader of the True sector Dmytro Jaros fighters to prepare for the implementation of RF in the coup, told the Russian newspaper Izvestia.

      Děgťarjov also has information that the aim of Ukrainian Nationalists is not only Russia, but also in Belarus. In his words came from the west of Ukraine established a military training camp for members of the opposition.

      ;;;;;;;;;
      Ukraine oligarchs will be finished (Poroshenko, Kolomoisky.......)

      Why do you think that Russian oligarch Evtushenkov is on home arrest, ... he has links to trilateral ponzi scheme group ..... (think of Khodorkosky - zionist pawn...and how he ended, he is still lucky to be alive..., if it was USA - he is dead, as they plan for Wanta. Dead dogs tell no tales...)

      Delete
    3. To add, Russia has been practicing war drills since 2003 according to reports.

      Delete
  20. Now....

    Without food you can make it easy weeks

    Without water about 3 days

    Without air about 3 minutes
    ;;;;;;
    This guy says it like that. He is a freak of new era, developed technologies that work.....I use it and my kids sleep on it as well.

    Now he teaches people breathing that releases stress ..... learn it. It will be needed.....many heart attacks one can expect at time when big chances hit the road.

    http://www.breathoflove.net

    https://www.youtube.com/watch?v=_caZQU_2eew ..... this one is easy, just keep repeating it couple of times as you like..

    ;;;;;;;;
    Big changes are not easy ...... we all tend to hold on to status quo ....., one should get ready for new frames for life...

    ReplyDelete
    Replies
    1. Vlastimil,

      Thanks. Interesting techniques which I would be happy to practice if the air here were not so heavy with chemtrails.

      Delete
  21. Off Topic: A wonderful coming together with young people from around the world. The pictures are amazing! )

    People at this Festival slept in Hammocks Hanging Hundreds of Feet above the Ground

    There’s nothing quite like lounging in a hammock, relaxing in the outdoors and feeling the breeze while hanging hundreds of meters from the ground. Wait, what?! You read that right – at this festival, balance is key – not just because it’s a slackline festival, but also because you get to relax and rest in hammocks hanged way above the ground.

    Participants call themselves “slackers” – because of the slacklines they balance themselves on. This extreme sport is somewhat similar to rope walking, but the slackline is different from a traditional rope – it has a slightly flattened shaped and has slack, meaning that it can move side-to-side or bounce.

    The festival takes place every year in one of Italy’s most beautiful places – the Dolomites. This place also has a historical significance, being one of the most bloody battle fields in WWI. 15.000 soldiers were killed there, most of whom were young.

    Read more at http://www.zmescience.com/other/great-pics/people-festival-slept-hammocks-hanging-hundreds-feet-ground/

    ReplyDelete
    Replies
    1. Sheesh, P....I got acrophobia just looking at the photos!

      Delete
    2. Sorry Valdi, heights don't bother me. Spent too much time climbing silo ladders, fixing barn roofs and pretty much climbing anything that could growing up. Thought it was pretty awesome them celebrating their festival, sharing it with young people from around the world in efforts to help heal a beautiful place but, energetically marred by horrific past violence. The scenery just makes it more interesting! )

      Delete
  22. In the mooring I wrote that Ukraine oligarchs are finished for their evil plots against Russia.....

    This afternoon....big hummer ....nails all.

    ;;;;;;;;;;
    MOSCOW, October 1. /TASS/. Sergei Litvinov, a private of the Dnieper battalion has admitted killing women and children in the Luhansk region for remuneration offered by tycoon Ihor Kolomoyskyi, Russia’s Investigative Committee spokesman Vladimir Markin said on Wednesday......

    http://en.itar-tass.com/world/752232

    ;;;;;;;;;
    With him will go all linked to him ....Poroshenko, Yatsenuyk, Turchynov, Klichko etc and when he sings then all USA, Israel and EU.....

    ;;;;;;;
    Now Israel, EU, NATO and USA have only one chance.....Shoot him dead and all they know about the links who could sing....and then blame it on Russia agents that it was Russia who shoot him dead...Either way he is dead and all fascist Ukraine uprising....EU is dead....NATO as well,

    Hello Victoria No-land? How to you like this? Klichko will run as fast as possible from Kiev to Germany to his boxing club....he forgot to check that Germany cleansed their hands long ago and are no in bed with Russia.....

    ;;;;;;,
    Sometimes truth is fast.... pity that JFK, or 9/11 can not find path to the light that easily....

    ReplyDelete
  23. You know, I have been thinking...the reason that they cannot give Wanta his funds is because UsA has no liquid cash. All of the derivatives, bond market failing, stock market propped up...China not lending...there are no funds in the cauffer.
    TPTW stole all of the funds.

    ReplyDelete
  24. SENATOR ELIZABETH WARREN: The Secret New York Fed Tapes Confirm The Game Is Rigged

    Elizabeth Warren (D-Mass.), who has called for congressional hearings regarding conduct at the Federal Reserve following the ProPublica and This American Life report from last week, told NPR in an interview on Wednesday that the report, "tells us exactly what we already knew."

    Warren told NPR's Steve Inskeep that the report, "ultimately this report tells us exactly what we already knew — that the relationship between regulators and the financial institutions they oversee is too cozy to provide the kind of tough oversight that's really needed."

    Last week, a report from ProPublic and This American Life released secret audio recordings from former New York Fed official Carmen Segarra that appeared to showed disagreements and dysfunction among Fed officials stationed inside Goldman Sachs.

    Listening to the tapes, Warren said two things jumped out: the lack of truthful reporting and the emphasis by Fed officials on talk over action.

    "You know, the regulators seemed to think that it was a victory just to raise an issue, even if they took absolutely no action to address the issue," Warren said. "And that's the kind of approach that allowed banks to take on massive risks before the financial crisis. You know, think about that: The regulators seemed to think that fussing at banks behind closed doors was their toughest sanction. Does anyone believe that Goldman Sachs is gonna give up a deal that would yield millions of dollars because someone fussed at them behind closed doors?"


    Warren also said the issue of bank regulation is "already a campaign issue."

    Warren said:
    The way I see this, for everybody who's running right now in 2014, there's a fundamental question of whose side you stand on.
    You know, the game out there is rigged, and people across this country really get it. And the Goldman Sachs tapes just show it one more time. Little banks have to follow the rules, regular families have to follow the rules, but big financial institutions? Somehow they can manage just to push their regulators aside and go forward.
    There's a — there's a fundamental question about who this country works for. It can't just work for those who already have lots of money and lots of power. We've got to have a country that works for everybody else.

    Warren, a former consumer advocate and a rumored presidential candidate in 2016, is one of the most vocal and critical members of congress regarding financial regulation.

    Back in July, Warren issued a direct challenge to Fed chair Janet Yellen on the enforcement of the "living will" provision in the Dodd-Frank Act, which prompted the Fed to act.

    It remains to be seen what Warren does in the wake of this report and the surfacing of these tapes from inside the Fed and Goldman Sachs.

    Read more: http://www.businessinsider.com/elizabeth-warren-on-goldman-sachs-the-fed-2014-10#ixzz3F0Nyda4g

    ReplyDelete

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