The Clintons Have Not Changed: The Clintonian War on the IGs (William K. Black)

[Octafish]

The author helped put the S&L crooks behind bars in the 1990s as a regulator and forensic economist for the SEC. Black helped Iceland put its banksters behind bars, but for some reason, the Federal government failed to call on him for help in the great Bankster Bailout of 2008. He knows a bit about Inspector Generals and Control Fraud.



"I did not know the bank was being robbed because I was engaged in my sworn duty as a police officer."

The Clintons Have Not Changed: The Clintonian War on the IGs

By William K. Black
February 23, 2016 Bloomington, MN

Secretary Hillary Clinton is asking Democratic voters to believe that she has experienced a “Road to Damascus” conversion from her roots as a leader of the “New Democrats” – the Wall Street wing of the Democratic Party. When exactly this conversion occurred is never stated, but an interesting fact has emerged that demonstrates it did not occur during her service as the Secretary of State. A Wall Street Journal story provides the key facts, but none of the analysis.

Newly released emails indicate that former Secretary of State Hillary Clinton and her top staff were involved in the selection process for the State Department’s internal watchdog, a position that ultimately went unfilled throughout her four-year tenure.

The WSJ’s angle is that such involvement in the selection of the Inspector General (IG) is a threat to the IG’s vital independence. True, and also true as the story notes that Hillary was far from rare as an agency or department head in seeking to select behind the scenes the supposedly independent IGs.

The function of the IG is to “speak truth to power.” Naturally, “power” hates IGs with a purple passion. Government leaders are most likely to hate having its abuses made public by IG when the government leader is secretly acting in concert with immensely powerful private leaders for their mutual benefit at the expense of the public.

What the WSJ missed is that the Clinton’s, for decades, have sought to destroy the independence and effectiveness of the IGs precisely because of the threat that they pose of blowing the whistle on these abuses. The Obama administration, of course, is famous for its prosecutions of those who blow the whistle on such abuses. The real story is not that Hillary attempted to select a lap dog as IG – the real story is that for her entire tenure as Secretary, four years, she left unfilled the leadership position of the only institution in the State Department dedicated to maintaining integrity and preventing the abuse of public power to aid cronies. That aid, of course, comes with the clear expectation that the cronies will make the head of the State Department wealthy as soon as she or he steps down. There is no possible defense for that, and it does not happen accidentally. The primary blame goes to President Obama, who made no nomination for the position for the entire four years. It wasn’t Republican intransigence that explains this scandal.

CONTINUED...

http://neweconomicperspectives.org/2016/03/clintons-not-changed-clintonian-war-igs.html#more-10101

Bill Black is one of "those" economists who won't play ball with the money crowd. Why? He. Has. Integrity.

[haikugal]

1. K&R!!

[Octafish]

14. Control Fraud

It describes the criminal actions of CEOs who should be in jail, from Wall Street to Madison Avenue to wherever the accountants and lawyers call home across the big bar that's the USA.

Black developed the concept of "control fraud"–-frauds in which the CEO or head of state uses the entity as a "weapon." Control frauds cause greater financial losses than all other forms of property crime combined and kill and maim thousands. He recently helped the World Bank develop anti-corruption initiatives and served as an expert for OFHEO in its enforcement action against Fannie Mae’s former senior management.

http://www.financialsense.com/contributors/william-k-black-phd

I've been hoping that Justice would get around to investigating the bastards who lied America into an illegal, immoral, unnecessary and disastrous war, let alone prosecute the criminals who stole national elections in 2000 and 2004, let New Orleans drown, and the Banksters to get away in 2008 and made the taxpayers pay. Money buys that kind of power. Power protects that kind of money.

Crooked money.

[haikugal]

15. Sounds good to me!!

I hope I live to see it!

[FlatBaroque]

2. They told the security guards to stand down for her entire term at State

She had every intent of running State as "her" faction of government, free of oversight of any kind.

[think]

3. Recommended highly. William K Black knows his stuff. /nt

[think]

4. Would love to see William K Black as Attorney General ;)

http://www.democraticunderground.com/10026976393

[wilsonbooks]

13. Me too. He would put the fraudsters in jail and put the fear of God

into them for a generation.

[NWCorona]

5. I have been bringing up this one point for a long time.

"The real story is not that Hillary attempted to select a lap dog as IG – the real story is that for her entire tenure as Secretary, four years, she left unfilled the leadership position of the only institution in the State Department dedicated to maintaining integrity and preventing the abuse of public power to aid cronies. That aid, of course, comes with the clear expectation that the cronies will make the head of the State Department wealthy as soon as she or he steps down. There is no possible defense for that, and it does not happen accidentally. "

This one act here makes everything she's currently accused of possible. Coincidence?

[Paka]

6. K&R

Thank you for this post.

[amborin]

7. K&R

[billhicks76]

8. Obama Helped Do This

He is not immune from criticism as some try to purport.

[navarth]

9. kick for later. thanks Octafish.

[cprise]

10. Her M.O. at State was to escape accountability

And I think that's the reason for setting up her own email server. She is a corporate aristocrat.

[jwirr]

11. I was just going to say that. She did not want to be transparent.

[cprise]

12. She had Bush neocons working on foreign policy there, so of course

http://www.democraticunderground.com/?com=view_post&forum=1251&pid=1402230

[KoKo]

17. Good Read...Thanks!

[vintx]

16. How did I miss this?!

K&R

[dchill]

18. K&R