UPDATE: Today it is being reported that European leaders are expressing anger at disclosures by Snowden showing that the US National Security Agency spied on the European Union. According to a new cover story report in the German magazine Der Spiegel, the NSA has been spying extensively on German, French and other governments, gleaning inside info on things like trade negotiating positions, etc. Reportedly, the governments are angry. But that purported anger is meaningless unless they act on it. If they are really miffed, they should show their appreciation for the man who alerted them to the US betrayal of its purported allies and friends by offering Snowden asylum. Franch and Germany in particular, which have the military and economic strength to stand up to the US, should do so immediately with an unconditional offer of protection to Snowden. Enough with the talk! This is time for action!
It’s hard to know whether to laugh or cry as the US goes all out to get its hands on National Security Agency whistleblower Edward Snowden.
We’ve got the US leaning on Russia to push him out of his sanctuary in their Moscow airport. We’ve got Obama and the State Department warning countries around the globe not to accept him or allow him to transit their airspace. And now there’s smilin’ Joe Biden, lecturing Ecuador’s President Rafael Correa (threatening would be a better word) about not granting asylum to Snowden, whom the Obama administration and the Republican and Democratic stooges in Congress are branding a “traitor.”
Meanwhile, the real traitors who have done so much to destroy America are buying politicians of both parties, using their undue influence to gut any effort at real regulation, all the while earning fat bonuses in their corner offices at megabanks like Goldman Sachs, Morgan Stanley, Citi Group, Bank of America, JP Morgan Chase and Wells Fargo. No need to extradite those guys in order to prosecute ’em. They’re right here in the USA. All that’s lacking is a will to bring charges for things like mortgage fraud, derivative fraud, collusion, lying under oath, etc. But Obama’s attorney general, Eric Holder, a former corporate lawyer himself, has already declared that he will not prosecute Wall Street’s banks for their frauds in bringing down the US economy.
Even Cyrus Vance Jr., the supposedly tough-as-nails, no-nonsense district attorney of Manhattan, whose jurisdiction encompasses the home offices of most of the biggest “too-big-to-fail” banks, won’t indict any of them or any of their top executives. It’s not that he won’t indict a bank, but instead of going after Goldman or Citi or Chase, he has indicted — ready for this? — a little independently owned community-based Chinatown bank called Abacus Bank, which has total assets of less than $250 million. That’s million. For comparison, the largest US bank, JP Morgan Chase, has total assets of $2.39 trillion dollars, which is almost 10,000 times as big. Worse yet, although Vance, in indicting the bank, claimed its fraud (a bank employee, fired and voluntarily reported to regulators by the bank, had been been falsely inflating loan applicants’ incomes to help them take bigger loans), was “an example of what brought down the US economy,” actually Abacus has a loan default rate of 0.5%, which is just one-tenth of the national average bank loan default rate of 5-6%.
Why hasn’t Vance, at least, indicted some of the big banks, which many knowledgeable analysts and critics have said are little more than giant organized crime syndicates, in some cases such as B of A, Citibank and HSBC actually knowingly laundering vast amounts of drug cartel cash? His deputy says it’s because there is no evidence of prosecutable crimes committed by them! Probably it’s the same reason Washington politicians won’t go after them: it would jeopardize all that banker campaign lucre — and Vance surely has his eye on the New York governor’s mansion in Albany.
And so, back to Snowden, whose only “crime” has been to expose the galloping fascism of the US government, which has, behind our backs, established a national domestic surveillance system so vast and Orwellian that the old East German Stasi or Soviet KGB couldn’t even dream about having such a thing.
Who has done more damage to the US? (from left, CitiGroup’s Jamie Dimon, NSA whistleblower Edward Snowden, Goldman Sachs’ Lloyd Blankfein)