No Rule Of Law, Cities Lie, Cheat and Steal

 

The Market Ticker – No Rule Of Law, Cities Lie, Cheat and Steal

This is what the lack of a rule of law produces.

Cities and states across the country are using money designated for specific purposes—such as fixing roads or sewers—in order to fill financial holes elsewhere, according to public officials and records. The moves are exposing municipalities to controversy, as federal regulators and local auditors are more heavily scrutinizing their finances to protect bond buyers and taxpayers.

Then, in late October, the city’s former auditor sued, alleging in the suit that he lost his job because he flagged problems then “participated, at the request of the Securities and Exchange Commission, in an investigation into whether the City of Miami was engaging in behavior tantamount to stock fraud in the marketing of its municipal bonds.” Both so-called whistleblower cases are filed in a circuit court in Miami-Dade County.

There you go.  Whatever is convenient is just fine, even if it leads people to invest unwisely.

You know, like when we sell someone a bunch of CDOs claiming they’re great investments while we’re passing emails around our desks asking who we’re going to unload our “****” or “vomit” onto?

Yeah, that behavior.  Behavior that financial institutions have engaged in repeatedly and despite having entered in consent agreements have then done it again, and again, and in some cases again and again and again without meaningful consequence.

Is it any surprise that cities and states are doing the same thing?

Nope.

Historically, the SEC has avoided financially penalizing municipalities, since taxpayers ultimately pay the penalty. So last year the agency tried a new approach—it fined individual officials in San Diego to settle allegations the city had misled bond investors.

In Miami, any new case would be a second offense. In 2003, the SEC ordered Miami to cease and desist from future violations of antifraud provisions after concluding the city had misled bond buyers by moving money among agencies to mask a deficit. The city maintained it did nothing wrong.

How about some handcuffs?  Yeah, I know that the SEC can’t bring criminal charges — but the DOJ and State Attorney General can.  10 years with Bubba ought to be a sufficient disincentive to further cheating.  Obviously “cease and desist” orders aren’t, and fining the people who got hurt isn’t so good either; all that does is screw the public twice.

Marc Sarnoff, a city commissioner, said that he and others weren’t aware that moving the funds was a potential violation of rules.

Is that because raising money under false pretense is so common that it wouldn’t be something that a commissioner would consider improper?

View with responses

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4closureFraud.org

Comments
4 Responses to “No Rule Of Law, Cities Lie, Cheat and Steal”
  1. :ChrisYAHanWatcher4YAH: says:

    As a “Former;” multi jurisdictional, Law Enforcement Officer/Public Servant,-Servant; to The FATHER/MASTER CREATOR, may We humbly suggest the following:

    As the purported: Legal Communinty/Communist, Ashkharnazi, Satanic, Racketeering, Monopolistic CONspirit-cy has: ensnared Their contumacious demonic selves, in a bona fide Hazardous/Dangerous, Legal conundrum, by inculcations, substantively connected, by lexus nexus; devolved from their Satanic Schemes: insidiously extending the “Trading With Enemys Act,” and dubious pretense of Unlawful abuse, of the “Felonious Conversion,” of: “Executive Privilege,” in wanton, malicious, ad infintum, extensions to: “The Emergency War Powers Act,” and it’s corralary; dolus malus nexus, thru unlawfully: labelling: “ALL Americans,” as: “U.S. citizens,” to demonically fabricate, a chaotic, Lawless controversy, as a “Secret Undeclared” Silent WAR /jus “fetiale,”/”fetial law,’ [See: “Black’s Law Dictionary,” 7th edition, abridged,pg.:503,]employing the “Rothschild, [a.k.a.: Mayer Amschel Bayer’s; in fact, in law] Technocratic; modus operandi,” surreptitiously termed, to deceive as:

    “SILENT WEAPONS for QUIET WARS,” employed; ThroughOUT Military{overt and covert,} as: “Operations Research Technical Manual #TW-SW7905.1”:[See: @www.lawfulpath.com.]

    This egregious, abominational, abrogation and perversion, of: “The WAR CLA– USE;” U.S. Constitution art. I, sec.8, cls.11-14, a.k.a. “WAR POWER,” ARTfully CONverted; to transmute and transfigure American Citizens, [specifically NOT: Incorporate U.S. citizens /persons, GOYIM] to: “Enemies,” of the “Private, Foreign, Enemy Owned, Incorporate United States of America. Inc.” has manifested: the time honered, historically proofed; “Doctrine of: Un-inteded Consequences,” to a codition of a: “Mixed, Civil WAR,” praesenting a bona fide manifest: “Clear and Present DANGER,” to ALL: Citizens, Non-Resident Alien U.S. Nationals, Individuals, and Others, dis-advataged by: CONtrived Communist Deceptions, devolved upon VICTIMS, of the Central, Federal CONtrolled, Department of “Education” [Propagandized; De-Education/Reprogramming, RE-visionist History, Indoctrinations, by Academic, Maniacal Socialist Schemes, to: Destroy the American Republic and “WE The People,” whom: “The Legal Illuminati,” CONspire to assume to pre-sume, as: The Ignorant Massess, of GOYIM, Infidels, Gentiles, Heathens, Savages, or Indigenous Human {Monster} Resources, as Economic SLAVES, on the G over Men T [Satan over men, by the Power of: the “T”-Sword of Ha Shatan] on the communist government slave plantation!

    This DESTRUCTION, of: the common, natural rule of LAW, MUST: “Cease and Desist,” to preserve: the Public Safety, restore Peace and harmony, to preclude: the imminent: VIOLENT REVOLUTION, that the Law Merchant mercenaries, seem to insatiably covet lust for; evidenced by their, insatiable; avarice, cupidity, and carnal lusts!

    May god/YAH/L: “SAVE AMERICA,” from: the perils of WAR, connived by Satanists, posed as “public servants?” AHleleuYAH! [Praise Be UNTO YAH!, over 5000 Years Old, and virtually Un-Changed!]

    Uttered specifically pursuant to: “Doctrine of Private Attorneys General,” in express Private Eye of the Law to the absolute interest of the bona fide lawful; “American Public Safety, in homage to the CREATOR FATHER source of TRUE LAW! U.C.C.1-308 without prejudice

  2. Ron Moss says:

    I didn’t know having seven kids was against the law But I thought the state would feed them and educate them in their treatment of cucumbers in New York Schools. Maybe they can all go th Penn State

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