Wednesday, November 30, 2011

Well How Do You Like That

Every civil servant wants to experience his or her legacy firsthand--but not the way that onetime Arapahoe Sheriff Patrick J. Sullivan Jr. has. Sullivan, a nationally renowned law enforcement leader, was arrested on drug charges and is now being detained in the Denver area jail that bears his name.
Sullivan, who in 2001 was named the National Sheriff Association's "Sheriff of the Year," was arrested on suspicion of trafficking methamphetamines.
Local news station CBS4 began an investigation of Sullivan last month on a tip that he had agreed to meet a male informant, providing drugs in exchange for sex. He was subsequently arrested by the South Metro Drug Task Force and is currently being held on a $250,000 bond.
And in an incredible twist of fate, Sullivan now cooling his heels at The Patrick J. Sullivan Jr. Detention Facility, named in his honor.

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Well I for one find this quite amusing. 

Things You Don't Care About But Should

Imagine you walked into a bank, applied for a personal line of credit, and filled out all the paperwork claiming to have no debts and an income of $200,000 per year. The bank, based on these representations, extended you the line of credit. Then, three years later, after fighting disclosure all the way, you were forced by a court to tell the truth: At the time you made the statements to the bank, you actually were unemployed, you had a $1 million mortgage on your house on which you had failed to make payments for six months, and you hadn’t paid even the minimum on your credit-card bills for three months. Do you think the bank would just say: Never mind, don’t worry about it? Of course not. Whether or not you had paid back the personal line of credit, three FBI agents would be at your door within hours.
Yet this is exactly what the major American banks have done to the public. During the deepest, darkest period of the financial cataclysm, the CEOs of major banks maintained in statements to the public, to the market at large, and to their own shareholders that the banks were in good financial shape, didn’t want to take TARP funds, and that the regulatory framework governing our banking system should not be altered. Trust us, they said. Yet, unknown to the public and the Congress, these same banks had been borrowing massive amounts from the government to remain afloat. The total numbers are staggering: $7.7 trillion of credit—one-half of the GDP of the entire nation. $460 billion was lent to J.P. Morgan, Bank of America, Citibank, Wells Fargo, Goldman Sachs, and Morgan Stanley alone—without anybody other than a few select officials at the Fed and the Treasury knowing. This was perhaps the single most massive allocation of capital from public to private hands in our history, and nobody was told. This was not TARP: This was secret Fed lending. And although it has since been repaid, it is clear why the banks didn’t want us to know about it: They didn’t want to admit the magnitude of their financial distress.
The banks’ claims of financial stability and solvency appear at a minimum to have been misleading—and may have been worse. Misleading statements and deception of this sort would ordinarily put a small-market player or borrower on the wrong end of a criminal investigation.


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While I realize this isn't as sexy as the latest episode of whatever reality show people are watching these days (I gave up keeping track), this is way more important.  Also contrary to what you may think you have the ability to do something about this.  Write your Congressperson, write your Senator, get your friends and neighbors to do the same.  It's kind of, sort of, your duty as a citizen to hold your elected officials accountable.  One would be surprised at how many folks who bash immigrants yet, don't have the first clue about their own civic duty.  

Wednesday, November 23, 2011

When Keeping It Real Goes Wrong

Twelve members of a Milwaukee rap collective are now sitting behind bars after one of their rap videos pretty much proved the police's drug case against them.
After years of investigation, authorities rounded up the individuals and confiscated all of their paraphernalia. While that evidence is pretty solid, they were blessed with even more when two other members of the group posted a video for their song "Trap House Money."
In the video ringleaders Eastside L Boog and Eazy (real names: Larry Hooker and Earl Willams) are seen enjoying the spoils of a successful dopeboy: jewelry, cars, stacks of cash and shopping sprees at the sneaker store.
They are also seen giving a tutorial on how to cook crack cocaine and warning listeners about various "snitches on the block" and admitting to keeping weapons handy just in case they have to "let off a couple shots" if the "cops run up in the spot." They also mentioned just how many packs they move a day
While Hooker and Williams are still on the run, when they do get caught, just know that they pretty much wrote out the prosecution's case for them. At least we know they were authentic.

[Source]

"I try not to say nothing the D.A. might want to play in court..."