Cruz now America's Chameleon - Fooling Conservatives while being Goldman Sachs new Boy

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Falling into the Spider's Web of Wall Street - a True Cruz Emerges

Our Karma Chameleon

I knew very little about GOP candidate Ted Cruz but something just never seemed quite right.  The story was good, the son of Cuban immigrants exploded on the national scene when he first won a brutal battle in the Texas Republican primary for U.S. Senate in 2012.

He took on the establishment Republican and Lieutenant Governor of Texas at the time, David Dewhurst, shocking Texas, and the nation's political pundits.  Not only was I surprised at the outcome but the winner was certain to be the next Senator from Texas.  Dewhurst was expected to win but Cruz made a last minute surge which confused me as it was clear Cruz could not have unlimited financial resources himself to pay for such a surge.

Though I live far from Texas, I have always maintained an interest in the Lone Star state because I went to Texas every year growing up to see my grandparents and cousins.  They lived all the way down in Mission, right next to McAllen and near Brownsville, on the bottom of the state in the Rio Grande valley across the river from Reynosa, Mexico.

Then there was my interest and love for Buddy Holly, the Texan native who might have been one of the greatest legends of rock 'n roll had he not died in a plane wreck in my home state, Iowa.

Finally, there was the fact David Dewhurst, the guy Cruz beat, was a fraternity brother of mine at the University of Arizona, a fellow member of the Wildcats basketball team, and a pledge class brother.  David came from mighty fine stock, as they say in Texas, and was Texas tough.  So tough, in fact, he not only became Lieutenant Governor after school but he was in the CIA and was a world champion cowboy, he was a team roper and rides cutting horses, so how could he possibly lose to a relative unknown?

Cruz beat him on a last minute surge for that 2012 Senate seat.  Now we know why.

Late in the campaign, Cruz and his wife secured loans from Goldman Sachs and Citibank for $1 million.  Did I mention he forgot to report it on his Federal campaign reports, a violation of federal campaign laws?  Did I mention he forgot to mention in his biography for the senate race and now the presidential race that his wife worked for Goldman Sachs for twelve years, and was a director in the company.

Here is how Cruz tried to explain the federal law violations to the Associated Press.

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J Pat Carter, AP

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Sen. Ted Cruz says that his failure to properly disclose a low-interest loan he received from his wife's employer, Goldman Sachs, for his 2012 Senate campaign amounts to an 
"inadvertent filing error."

Questions about the loan came up as Cruz was on the presidential campaign trail in Dorchester, South Carolina. While he was talking to voters there, the New York Times published a report revealing that Cruz received low-interest loans from Goldman Sachs and Citibank, for as much as $1 million total, while he was running to represent Texas in the Senate. He did not, however, report the loans to the Federal Election Commission (FEC), as required.

When asked about the unreported loans on Wednesday, Cruz told reporters that he and his wife Heidi Cruz funded his 2012 campaign with a combination of savings, sold assets and borrowing against their brokerage account.

"We had a brokerage account that has a standard margin loan like any brokerage account has, and we borrowed against the stocks and assets that we had under ordinary terms," he said. "And so those loans had been disclosed over and over and over again on multiple filings. If it was the case that they were not filed exactly as the FEC requires, then we'll amend the filings, but all of the information has been public and transparent for many years."

When pressed on the matter, Cruz added, "Our finances are not complicated. We put in the entirety of our savings, we did so through a combination of savings accounts and selling assets and taking a margin loan against other assets, and those facts are clear and transparent. And a technical and inadvertent filing error does not change that at all."
Cruz was an insurgent candidate in 2012, who with the support of anti-Wall Street tea partiers, beat the GOP establishment's Senate pick, then-Lt. Gov. David Dewhurst, in the Republican primary.

Heidi Cruz is currently on leave from her position as a Goldman Sachs executive to help with her husband's presidential campaign.

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There is nothing transparent about his transactions, and if you knew the real story of Goldman Sachs and politicians, the actions by Cruz would send a chill through your bones.  This is not the first time they have bought off politicians.

Democrats and Republicans alike are in the back pocket of Goldman and the other big bankers and have been.  Bill Clinton, Barack Obama, Hillary Clinton, maybe even Ted Cruz, all seem victims to the Goldman gold.

In case you missed out on it, I have been writing articles since 2008-2009 warning of the unknown consequences of the unholy alliance between both our liberal and conservative politicians and Goldman in particular.

In order to help you understand, I will be reposting some of my many earlier articles and you decide for yourself if Cruz is just another stooge to the puppet master Goldman.  If so, he should have the senate seat taken away from him for violations of federal law and be driven out of the current election.

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New MSNBC same old Skullduggery - Manufacturing the News Liberals Love - Part 2.

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Chris "Hardball" Matthews serves softballs to Hillary in exclusive Lovefest.

For a guy who claims to be excited by the movers and shakers in history, and one who enjoys projecting a "tougher than nails" approach to interviews, he certainly met his match when he interviewed Hillary Clinton this past Tuesday on his Hardball show.

What a misnomer for a show name.  Matthews was like a puppy dog licking the boots of his master as he substituted softballs and cotton candy for anything close to tough questions.  It began before she started when Matthews, like a star struck student in awe of his professor, giddily told his audience this was going to be the best interview of his career, or some such nonsensical words.

From that moment on, he seemed like his goal was to get a six-figure grant from the Clinton Foundation to study the genetic mutations in Republicans, not to report the news.

It made me think back to 2008 when Matthews headily took on the Clinton machine and got pulverized in the process.  Guess he learned his lesson.  If you cannot tell the truth then you should embrace the lies.  Back then it seemed he was point man in the media for the fledgling Obama campaign, a role he maintained until his hero kept double-crossing the liberal base after promising them the world.
    

Here is an excerpt from a story in the quite liberal Huffington Post written by Sam Stein and published on August 5, 2008.

Matthews Calls Clinton Press Shop "Lousy," "Kneecappers"

Chris Matthews fired a salvo at the Clinton campaign this morning after both he and his MSNBC colleague were privately and publicly rebuked for recent comments deemed misogynistic or inappropriate.

Appearing on MSNBC's Morning Joe, the Hardball host went off on the Clinton press shop, calling them "knee cappers" who were "lousy" and delve in the business of "intimidation."

"What she has to do is get rid of the kneecapers that work for her, these press people whose main job seems to be punishing Obama or going after the press, to building a positive case for her," said Matthews. "Her campaign slogan right now is don't get your hopes up. That won't work in America. You can't diminish Obama and hope that you will rise from the ashes."

Here we are, sixteen years later, and Matthews is so incensed the American public could be so stupid as to support Trump, that he now embraces his own enemy.

Where I come from that is selling out your principles and mortgaging your independence.

Perhaps the low and high point of the interview came when he tried to coach Hillary on how to handle the Trump questions about the infidelity of her husband, Wild William Clinton.

Playing the part of Freud and psychologically evaluating her situation, he told her she was the victim and what a tragedy she had to endure as the never-ending tales of Bill's promiscuity kept popping up over the years.

In a courtroom, it is leading the witness.  In the Hardball lovefest, it was more like offering humble advice to the Goddess, although humility is hardly one of Matthews' virtues.

However, for a time it was Romeo and Juliet all over again as he continued.  When he was done what had we learned?

Did he ask about the influence of Goldman Sachs over her and her husband?

Like who raised the money to pay off the millions of dollars in legal fees for Bill's impeachment or the millions in settlements to his former mistresses.

No questions about the $250,000 to $500,000 she and her hubby get just for speaking to Goldman people?

No questions about the millions of dollars she and her Clinton Foundation get from Wall Street banks, the same banks that paid nearly $200 billion, yes that is billion, in fines and settlements for their role in destroying the economy in 2008-2009, yet not a single banker has been punished.

In fact, under Obama, the crooks have flourished and the ten biggest banks are down to six and bigger and richer than ever, even after the billions in fines.

Sanders is proving to be a thorn in the side of Hillary who claims to represent the people while advocating the cause on behalf of Wall Street and taking millions from the financiers.

   

    

Her only opponent, Bernie Sanders, announced an economic plan two days ago that pledged to break up the biggest banks and financial institutions, whose size and complexity threaten the financial system as a whole and the U.S. economy.

Why is this more critical than ever before? Because the massive banks that fueled the 2008 financial crisis are even bigger today.

Sanders points out: "Three out of the four largest financial institutions (JP Morgan Chase, Bank of America and Wells Fargo) are nearly 80 percent bigger than before we bailed them out. Incredibly, the six largest banks in this country issue more than two-thirds of all credit cards and more than 35 percent of all mortgages. They control more than 95 percent of all financial derivatives and hold more than 40 percent of all bank deposits. Their assets are equivalent to nearly 60 percent of our GDP. Enough is enough."

The Clinton legions immediately set out to trash the Sanders plan.

No, Chris Matthews might consider naming his show "Powder Puff" to better reflect the role he is playing in the presidential sweepstakes.

See the next article for Part 3 of the series.

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How peculiar - Obama suddenly is almost silent on Chicago Police Murder of Black Man

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After inflaming racial tensions by condemning police treatment of Blacks in Ferguson and Baltimore on television and in the media, suddenly Obama uses Facebook

Here was the lead news story today, from Chicago, the number one city in America in murders in 2014 and for several years.

Journalist Brandon Smith, left, and activist William Calloway talk to reporters Thursday, Nov. 19, 2015, after a Cook County judge ordered the Chicago Police Department to release a video of an officer fatally shooting 17-year-old Laquan McDonald on Nov. 25, in Chicago. The video is said to show the officer shooting McDonald 16 times in October 2014. (AP Photo/Charles Rex Arbogast)

ABC News

By don babwin and jason keyser, associated press

CHICAGO — Nov 25, 2015, 1:54 AM ET

Officer Charged With Murder in Teen's Death

A white Chicago police officer who shot a black teenager 16 times last year was charged with first-degree murder Tuesday, hours before the city released a video of the killing that many people fear could spark unrest.

City officials and community leaders have been bracing for the release of the dash-cam video, fearing the kind of turmoil that occurred in cities such as Baltimore and Ferguson, Missouri, after young black men were slain by police or died in police custody.

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Obama goes from press conferences and television interviews to condemn police actions to just posting in his new Facebook account saying he is "deeply disturbed" by what happened!  Now wait a minute, this time there is no doubt the event was unjustified, an abuse of power, and an excessive use of a firearm and Obama is only "deeply disturbed."

Perhaps the media is protecting him from the real story.  Chicago, of course, is Obama's home.  The Mayor of Chicago is Obama's former Chief of Staff Rahm Emanuel.  Not only was Rahm his right hand man, he was also the top fund raiser for the Obama campaigns because of his relationship as an executive in Goldman Sachs before he went to work for Obama.

Mayor Rahm Emanuel, Goldman Sachs CEO Lloyd Blankfein and Warren Buffett

The year-long lack of action by the prosecutor in Chicago and the brutal and senseless killing by firing sixteen shots into the victim, who was high on PCP at the time, were about as conclusive of evidence as possible.

A video from a camera mounted on a Police car was suppressed by the Chicago authorities, and only came to light when a judge order the release, which happened today, a year later.  It showed sixteen shots in fifteen seconds.

The City of Chicago seemed to try to minimize the impact of any evidence and keep the whole case out of the media while Rahm Emanuel ran and got re-elected as Mayor during the past year by paying $5 million in hush money, before any charges were even filed.

Maybe it is about time a federal investigation of the role Emanuel had in withholding the video and paying off the family should be investigate.  You might add to that investigate why Obama nearly ignored commenting on this racial incident after being all over the news on all previous incidents.

It seems awfully like a cover-up in Obama's hometown.  Emanuel won a run off for mayor just last April after none of the five candidates were able to get 50% of the vote.  Strange how the liberal media is selectively silent when it comes to our president.

Here is what he had to say about police actions before the incident happened in his hometown.

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President Obama's Facebook post says he's "deeply disturbed" by video showing teen shot by Chicago police officer.  November 25, 2015

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The Washington Times

Obama says Michael Brown’s death in Ferguson ‘stains the heart of black children’

By Dave Boyer - The Washington Times - Sunday, September 28, 2014

President Obama said the shooting death of a black teen by a white police officer last month in Ferguson, Missouri, exposed the racial divide in the American justice system that “stains the heart of black children.”

Speaking at the annual Congressional Black Caucus Foundation dinner in Washington on Saturday night, Mr. Obama said the death of Michael Brown “awakened our nation” to a reality that black citizens already understood.

“In too many communities around the country, a gulf of mistrust exists between local residents and law enforcement,” Mr. Obama said. “Too many young men of color feel targeted by law enforcement — guilty of walking while black or driving while black, judged by stereotypes that fuel fear and resentment and hopelessness.”

Mediaite

Obama on Baltimore: ‘No Dispute’ Men of Color Disproportionately Targeted by Police

by Tina Nguyen | 4:08 pm, May 4th, 2015

And that sense of unfairness and of powerlessness, of people not hearing their voices, that’s helped fuel some of the protests we’ve seen in places like Baltimore and Ferguson and right here in New York. The catalyst of those protests were the tragic deaths of young men and a feeling that law is not always applied evenly in this country. In too many places in this country, black boys and black men, Latino boys, Latino men — they experience being treated differently by law enforcement. In stops and in arrests and in charges and in incarcerations. The statistics are clear up and down the criminal justice system. There’s no dispute.

CNN

Obama: 'No excuse' for violence in Baltimore

By Eric Bradner, CNN

Updated 5:08 PM ET, Tue April 28, 2015

The growing violence in Baltimore, just 40 miles from the White House, represents another challenge for the Obama administration in addressing racial unrest across the country. Since the police killing of an unarmed teenager in Ferguson, Missouri, last summer, the administration has worked to acknowledge deep frustrations in minority communities while also supporting law enforcement.

Obama said he spoke with Baltimore Mayor Stephanie Rawlings-Blake and Maryland Gov. Larry Hogan on Monday. Attorney General Loretta Lynch, who was sworn in Monday, said the Justice Department is investigating Gray's death.

Just hours after she was sworn in, Lynch was at the White House on Monday evening meeting with Obama to discuss the violent protests unfolding in Baltimore. She said she will send Vanita Gupta, the head of the Justice Department's Civil Rights Division, and Ronald Davis, director of Community Oriented Policing Services, to Baltimore "in the coming days" to meet with religious and community leaders.

Federal Alcohol, Tobacco and Firearms arson investigators are aiding local authorities in investigating 60 fires — 10 structure fires like a CVS and a nursing home construction site, the others vehicles — in Baltimore on Monday night.

The White House sent three representatives to Baltimore on Monday for Gray's funeral: Broderick Johnson, a native of the city and the chairman of the My Brother's Keeper Task Force; Heather Foster, an adviser in the White House Office of Public Engagement; and Elias Alcantara, the associate director of the Office of Intergovernmental Affairs.

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Wall Street blames China for meltdown - What is the truth?

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Chinese President Xi Jinping

Here we go again, when anything goes wrong in the world Obama, our politicians, and now Wall Street, blame China.  As I have written several times, maybe we should not rush to judgement until the facts have arrived.  In the meantime there are some truths that might suggest our economic experts continue to be wrong.

For example, ever since the second greatest stock market crash in history when President Obama took office, America has been struggling to regain an economic foothold.  In the past six years we have had one of the slowest recoveries in history and many people wonder if anything really did recover.

Well everyone on Wall Street certainly recovered including those nasty banks who manipulated the market and nearly destroyed the nation.  The greatest beneficiary was Goldman Sachs who also happened to be the largest contributor to the Obama campaign.

So great was their influence that Rahm Emanuel of Goldman became the first Obama White House Chief of Staff. A CBS News analysis of the revolving door between Goldman and government reveals at least four dozen former employees, lobbyists or advisers at the highest reaches of power both in Washington and around the world.

One would think after the loss of trillions of dollars of middle class wealth, home values, retirement funds, etc., Obama would have us prepared to manage another financial crisis. Yet in the most current economic crisis there is silence from the White House.  Come to think of it, after all these years since the last crisis, there has been virtually no prosecutions, no fat cats in jail, no banks dissolved, nothing considering the degree of the crime.

So here we are, six years later blaming China for our stock woes.  What happened to all the financial reforms?  Here is a list of  government agencies and congressional committees and subcommittees, the executive and legislative branch resources, to maintain our economy.

U.S. Government Executive Branch Financial Regulators

Bank and Market Financial Regulators

US Department of Treasury

US Department of Justice

Office of the Comptroller of the Currency

Office of Thrift Supervision

Securities and Exchange Commission

Federal Deposit Insurance Corporation

Commodities Futures Trading Commission

National Credit Union Administration

Non-Bank Financial Regulators

Federal Housing Finance Agency

Consumer Financial Protection Bureau

Regulatory Umbrella Groups

Financial Stability Oversight Council

Federal Financial Institution Examinations Council

President’s Working Group on Financial Markets

Non-Bank Capital Requirements

Federal Housing Finance Agency

The SEC’s Net Capital Rule

CFTC Capital Requirements

Foreign Exchange Markets

Treasury Securities

Private Securities Markets

Federal Reserve System

CFTC Is Next Agency To Consider Regulating Algorithmic Trading

By Jenny E. Cieplak on June 9, 2015

U.S. Government Legislative Branch Financial Oversight

The House of Representatives

The House of Representatives House Committee on Agriculture Subcommittee on Commodity Exchanges, Energy, and Credit House Committee on Appropriations Subcommittee on Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Subcommittee on Energy and Water Development, and Related Agencies Subcommittee on Financial Services and General Government Subcommittee on Interior and Environment, and Related Agencies Subcommittee on Labor, Health and Human Services, Education, and Related Agencies Subcommittee on Commerce, Justice, Science, and Related Agencies, Subcommittee on Transportation, Housing and Urban Development, and Related Agencies House Committee on Armed Services Subcommittee on Emerging Threats and Capabilities House Committee on Budget House Committee on Energy and Commerce Subcommittee on Commerce, Manufacturing and Trade Subcommittee on Energy and Power Subcommittee on Environment and Economy Subcommittee on Oversight and Investigations Subcommittee on Communications and Technology House Committee on Education and the Workforce Subcommittee on Health, Employment, Labor, and Pensions Subcommittee on Higher Education and Workforce Training Subcommittee on Workforce Protections House Committee on Ethics House Committee on Foreign Affairs Subcommittee on Africa, Global Health, Global Human Rights, and International Organizations Subcommittee on Asia and the Pacific Subcommittee on Europe, Eurasia, and Emerging Threats Subcommittee on the Middle East and North Africa Subcommittee on Terrorism, Nonproliferation, and Trade Subcommittee on the Western Hemisphere House Committee on Financial Services Subcommittee on Financial Institutions and Consumer Credit Subcommittee on Housing and Insurance Subcommittee on Capital Markets and Government Sponsored Enterprises Subcommittee on Monetary Policy and Trade Subcommittee on Oversight and Investigations House Committee on Oversight and Government Reform Subcommittee on Health Care, Benefits, and Administrative Rules Subcommittee on the Interior Subcommittee on Information Technology Subcommittee on National Security Subcommittee on Transportation and Public Assets House Committee on Homeland Security Subcommittee on Cybersecurity, Infrastructure Protection, and Security Technologies Subcommittee on Emergency Preparedness, Response, and Communications Subcommittee on Counterterriorism and Intelligence Subcommittee on Oversight and Management Efficiency Subcommittee on Transportation Security House Permanent Select Committee on Intelligence Subcommittee on CIA Subcommittee on Department of Defense Intelligence and Overhead Architecture Subcommittee on NSA and Cybersecurity Subcommittee on Emerging Threats House Committee on the Judiciary Subcommittee on the Constitution and Civil Justice Subcommittee on Courts, Intellectual Property, and the Internet Subcommittee on Crime, Terrorism, Homeland Security, and Investigations Subcommittee on Immigration and Border Security Subcommittee on Regulatory Reform, Commercial, and Antitrust Law House Committee on Natural Resources Subcommittee on Energy and Mineral Resources Subcommittee on Indian, Insular and Alaska Native Affairs Subcommittee on Federal Lands Subcommittee on Oversight and Investigations Subcommittee on Water, Power and Oceans Subcommittee on the Legislative and Budget Process Subcommittee on Rules and Organization of the House House Committee on Science, Space, and Technology Subcommittee on Energy Subcommittee on Environment Subcommittee on Oversight Subcommittee on Research and Technology Subcommittee on Space House Committee on Small Business Subcommittee on Agriculture, Energy and Trade Subcommittee on Contracting and the Workforce Subcommittee on Economic Growth, Tax and Capital Access Subcommittee on Health and Technology Subcommittee on Investigations, Oversight and Regulations House Committee on Transportation and Infrastructure Subcommittee on Aviation Subcommittee on Coast Guard and Maritime Transportation Subcommittee on Economic Development, Public Buildings and Emergency Management Subcommittee on Highways and Transit Subcommittee on Railroads, Pipelines, and Hazardous Materials Subcommittee on Water Resources and Environment House Committee on Ways and Means Subcommittee on Health Subcommittee on Human Resources Subcommittee on Oversight Subcommittee on Select Revenue Measures Subcommittee on Social Security Subcommittee on Trade

The Senate

The Senate Senate Committee on Agriculture, Nutrition, and Forestry Subcommittee on General Farm Commodities, Risk Management and Trade Subcommittee on Conservation, Forestry and Natural Resources Subcommittee on Horticulture, Research, Biotechnology, and Foreign Agriculture Subcommittee on Livestock, Marketing and Agricultural Security Subcommittee on Nutrition, Speciality Crops and Agricultural Research Subcommittee on Rural Development and Energy Senate Committee on Appropriations Subcommittee on Agriculture, Rural Development, Food and Drug Administration and Related Agencies Subcommittee on Commerce, Justice, and Science, and Related Agencies Subcommittee on Defense Subcommittee on Energy and Water Development Subcommittee on the Financial Services and General Government Subcommittee on State, Foreign Operations, and Related Programs Subcommittee on Homeland Security Subcommittee on Interior, Environment, and Related Agencies Subcommittee on Labor, Health and Human Services, Education, and Related Agencies Subcommittee on Legislative Branch Subcommittee on Military Construction, Veterans Affairs, and Related Agencies Subcommittee on Transportation, Housing and Urban Development, and Related Agencies Senate Committee on Armed Services Subcommittee on Airland Subcommittee on Readiness and Management Support Subcommittee on Seapower Subcommittee on Strategic Forces Subcommittee on Emerging Threats and Capabilities Senate Committee on Banking, Housing, and Urban Affairs Subcommittee on Economic Policy Subcommittee on Financial Institutions and Consumer Protection Subcommittee on Housing, Transportation, and Community Development Subcommittee on National Security and International Trade and Finance Subcommittee on Securities, Insurance, and Investment Senate Committee on the Budget Senate Committee on Commerce, Science, and Transportation Subcommittee on Aviation Operations, Safety, and Security Subcommittee on Communications, Technology, Innovation and the Internet Subcommittee on Consumer Protection, Product Safety, Insurance, and Data Security Subcommittee on Oceans, Atmosphere, Fisheries, and Coast Guard Subcommittee on Space, Science and Competitiveness Subcommittee on Tourism, Competitiveness, and Innovation Subcommittee on Surface Transportation and Merchant Marine Infrastructure, Safety and Security Senate Committee on Energy and Natural Resources Subcommittee on Energy Subcommittee on Public Lands, Forests and Mining Subcommittee on National Parks Subcommittee on Water and Power Senate Committee on Environment and Public Works Subcommittee on Clean Air and Nuclear Safety Subcommittee on Superfund, Waste Management, and Regulatory Oversight Subcommittee on Transportation and Infrastructure Subcommittee on Fisheries, Water and Wildlife Senate Select Committee on Ethics Senate Committee on Finance Subcommittee on Energy, Natural Resources, and Infrastructure Subcommittee on Fiscal Responsibility and Economic Growth Subcommittee on Health Care Subcommittee on Social Security, Pensions, and Family Policy Subcommittee on Taxation and IRS Oversight Subcommittee on International Trade, Customs, and Global Competitiveness Senate Committee on Foreign Relations Subcommittee on State Department and USAID Management, International Operations, and Bilateral International Development Subcommittee on Africa and Global Health Policy Subcommittee on East Asia, the Pacific and International Cybersecurity Policy Subcommittee on Europe and Regional Security Cooperation Subcommittee on Multilateral International Development, Multilateral Institutions and International Economic, Energy, and Environmental Policy Subcommittee on Near Eastern and South Asia, Central Asia and Counterterrorism Subcommittee on Western Hemisphere, Transnational Crime, Civilian Security, Democracy, Human Rights and Global Women's Issues Senate Committee on Homeland Security & Governmental Affairs Subcommittee on Financial and Contracting Oversight Subcommittee on Federal Spending Oversight and Emergency Management Permanent Subcommittee on Investigations Subcommittee on Regulatory Affairs and Federal Management Senate Committee on Health, Education, Labor, and Pensions Subcommittee on Primary Health and Retirement Security Senate Select Committee on Intelligence Senate Committee on the Judiciary Subcommittee on Antitrust, Competition Policy and Consumer Rights Subcommittee on Bankruptcy and the Courts Subcommittee on The Constitution Subcommittee on Crime and Terrorism Subcommittee on Immigration and the National Interest Subcommittee on Oversight, Agency Action, Federal Rights and Federal Courts Subcommittee on Privacy, Technology and the Law Senate Committee on Small Business and Entrepreneurship Senate Committee on Veterans' Affairs

So far no word from any of these groups as to what they are going to do regarding market manipulations from the kings of Wall Street.

Ironically, when it comes to the Chinese, they are all over the news with their crackdown on corruption, unfair business practices, and market manipulations.  Why is it the Chinese are going after the American companies who are introducing American crooked business practices to the Chinese market, assuming the Chinese will never figure out what went wrong.

Of course it is a safe assumption since the dozens and dozens of American regulators seem to have no interest in stopping the practices here.  Look at the headlines the Chinese have generated around the world while we sit on our butts and cast stones.

Leadership is the first requirement for fixing things and Chinese President Xi Jinping has launched one of the largest and most aggressive anti-corruption campaigns in the world. First he took on those throughout the government and now he is focusing on those who have undermined the Chinese efforts to improve the quality of life for the people.
  
As for the stock market, in China, it only takes one agency to do what the dozens of US agencies cannot do and that is the China Securities Regulatory Commission.  Once again President Jinping has attacked the problem where it is needed.  Maybe they can come here and show us what to do.

These are the headlines around the world concerning the Chinese effort to drive the crooks out of the financial markets.

China crackdown over rout chills market

China turns up heat on market players

Beijing scraps large-scale stock buying

Authorities to step up crackdown on those ‘destabilising’ market

China says 197 punished in crackdown on online rumors

China stocks slide as crackdown on speculators spreads, lose 11 percent in August

SHANGHAI

China warns securities industry as crackdown on stock market irregularities expected to intensify

Securities regulator orders industry to step up supervision after brokerage staff, officials and journalist are detained over unethical trading

China arrests nearly 200 in stock market crackdown

Shadow lending crackdown looms over China’s stock market

China stock exchanges step up crackdown on short-selling

China’s (Renewed) Crackdown on Insider Trading

Avic Units Targeted In China's Crackdown On Sell-Offs

China accuses brokers of manipulating share prices during stock market crisis

Beijing’s police ministry said it has launched a criminal investigation into unlicensed companies that financed speculative trading

China accuses trading firms of manipulating stocks

Wall Street Breakfast: China Heightens Curbs In Market Crackdown

Aug. 4, 2015 7:06 AM ET
   
China has unveiled more rules that make it harder for speculators to profit from hourly changes in stock prices. Under the new guidelines, short sellers must wait at least one day to cover their positions and repay loans used to buy shares.

Behind enemy lines - foreign hedge funds thrive in China

China stock exchanges are stepping up a crackdown on short-selling
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