Sunday, September 20, 2009
"Everybody is looking for stimulus money. ... The mob is eager too. Federal and state investigators who track organized crime believe that some members have geared up to take advantage of the swift and enormous cash influx--if they have not already--looking, as the old Sicilian expression goes, to wet their beaks. Nimble, innovative and with a seemingly boundless appetite for the taxpayer's dollar, the mob's more sophisticated cadre has plundered municipal, state and federal coffers for generations. So the FBI office in New York has conducted an extensive analysis of the money flowing into the area to create a blueprint of its vulnerabilites, a process, an official said, that is being continually updated. ... 'Because there is so much money involved, criminals will look to exploit the system,' said Guy Petrillo, chief of the criminal division in the [US] attorney's office in Manhattan, referring to the New York area's five Mafia families", my emphasis, William Rashbaum (WR), at the NYT, 31 August 2009, link: http://www.nytimes.com/2009/08/31/nyregion/31mob.html.
Which five families? Goldman, Morgan Stanley, Citigroup, AIG and JPMorgan? Or was Petrillo thinking of other "families"? What could say, the Genoveses come up with to top the $13 billion Goldman got from AIG? In broad daylight! "Seemingly boundless appetite for the taxpayer's dollar". WR, do you mean Freddie and Fannie? Or Citigroup? "Plundered ... for generations"? Petrillo, did Goldman call you complaining it did not want the Genoveses, Gambinos, et. al. "muscling on its racket"? Do you mean the way the Fed plunders Joe Schmoe's savings to support the banks? From 1913 to 2009 is 96 years, or four generations. Enough. Kill the Fed. I think the "Five families" would each give up its questionable ways to become Goldman. Read my 21 December 2007 post citing Ben Stein's 1990 NYT article: http://skepticaltexascpa.blogspot.com/2007/12/mortgage-fraud-whose.html.