Wednesday, February 01, 2012

MegaUpload Fiasco Show DC Politicians Have No Gonads to Go After Wall Street

Riddlemethis? Would the Government or Obama administration arrest banking Presidents/CEOs and seize their assets because it contained the money of drug kingpins? Would the Government or Obama administration arrest and seize the assets of red W. Smith, the Chairman, President and Chief Executive Officer of Federal Express because their truck may transport 10 kilograms of cocaine or a warehouse may contain 20 tons of marijuana? I don’t thinks so.

It is obvious that the Federal Government do not have the gonads to tackle corruption and white collar crime objectively. Just last week, an action reminiscent of Elliot Ness pouring beer into a river occurred when the FBI and Justice Department seized the website Mega Upload accusing the owner of causing $500 million in copyright infringements. My query is why is doing the work of the motion picture and recording industries more vital than the work of the people?

Either Congress or the President is so brazen or so cretinous, that they cannot envisage what they are doing me their efforts to censor the website Mega upload. Maybe a little bit of bot now that I think about it. Brazen because it is pronounced their actions are mainly taken on the bequest of the motion picture and recording industry lobbies. Stupid because most politicians prefer to brag on their ignorance on internet technologies and their low level use of such resources that attempting to learn more about the – a myopia more prescient of Washington politicians dysfunction than seeing the desires and needs of the common, non-super Pac affiliated US denizen.

The Obama administrations seizure of the site and the owner’s assets is more an attestation and forewarning of America’s fascist future of protecting US oligarchs than the penchant of protecting liberty. I mean really, going after a site and using the FBI and department of Justice Resources for what is basically a cloud-based repository for data storage, is like the examples I cited in the beginning of this essay.

No bank or Delivery company or website can track all of the user lot, packages or uploaded data which it hosts. To assume that one could, is silly. Meaning - to arrest the site’s founders under the assumption that they knowingly participated in copyright infringement, is moronic if we’re blaming site owners for user uploaded content now, we’d better start arresting people affiliated with all industries from YouTube to Bank of America (THEY HAVE MORE THAN $1 BILLION IN TOXIC ASSETS).

Now I know inside the belt way folks don’t understand. As an artist, mega upload allows me to get 90% on all the music I write, make and produce without the need of a record company gatekeeper who wants to Romanesquly decide for the public if they should hear or have the right to purchase my music. Not to mention this 90% on every dollar made allows them to get my music for free.

Maybe it is about the loot. Former Democratic senator and current head of the Motion Picture Association of America Chris Dodd have given tons of loot to the campaign of President Barack Obama. DreamWorks CEO Jeffrey Katzenberg raised at least $500,000 for the campaign and the Democratic National Committee and contributed $2 million to a super PAC backing the president was his biggest donor. Not to mention the zillion times the President has held fund raisers held by Hollywood big wigs the likes of Miramax co-founder Harvey Weinstein and Sony Pictures .

I also think that we have ignorant folks making laws and talking about things they have no honest understanding about. I’m sure there are large numbers of individuals inside the beltway like Senator Ted Stevens describing said internets as “a series of tubes,” or Rep. Mel Watt who proudly asserts that declares proudly that he doesn't understand internet/computer technology.

The truth is that a host of variables and factors are involved with the recent and present this financial crisis including everyone from the rating agencies, the bankers and the brokers, and that there is strong evidence for criminal culpability. However, no Wall Street banker wreaking havoc via their exotic derivatives has been charge criminally. What Madoff did to individual investors is what the mortgage & banking industries and Wall Street did to the US taxpayer and the US economy. No one from Goldman Sachs, Lehman’s, Countrywide, Citi, AIG, Bea Sterns or Wachovia just to name a few have been charged criminally or prosecuted by the Obama Administration. Why because we do not count and although the majority of Americans would see greater value in using the FBI and department of Justice Resources by going after criminals that looted $100s of millions and even billions of dollars, congress and Obama do not have the gonads to do such and wag the dog by going after mega uploads $42 million.

Wall Street controls D.C. As long as the financial companies can donate as many dollars as they have been to both sides of the aisle, you will see little in the way of reform of the financial sector and even less in the way of prosecution of wrong-doers. Mayer Amschel Bauer Rothschild was correct when he said, "Give me control of a nation's money and I care not who makes its laws”

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