Socialist Action (US)

The monthly paper of Socialist Action, San Francisco, 1983–2018

Obama’s National Security State Exposed — Edward Snowden Leaks

Socialist Action, Vol. 32, No. 2, February 2014 · scan p. 7 · about 210 words

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unanimously by Congress when it bailed out the na­ tion’s thieving banks, insurance companies, and lead­ ing corporations to the tune of $20 trillion, or perhaps $30 trillion, should also be seen as a necessary “na­ tional security” dictum employed to protect the na­ tion’s ruling elite.

Similarly, J.P. Morgan Chase’s $2.6 billion slap-onthe-wrist fine for looking the other way when Bernard Madoff and his Ponzi scheme associates fleeced inves­ tors of qualitatively more than that sum should be added to the list of items in which “national security” interests trump human decency. J.P. Morgan’s fines for violating the law by lying to the government regard­ ing the value of its near worthless mortgage bonds last year totaled a pathetic $14 billion, with no prison The article reported that billionaire Raj had “engaged in a seven-year conspiracy to trade on inside information from corporate executives, bankers, consultants, traders and directors of public companies including Goldman Sachs Group Inc. (GS). He gained $63.8 million, prosecutors said.” One can only wonder if Raj’s friends, the “corporate executives, bankers, consultants, traders and directors of public companies, including Goldman Sachs Group” knew that they were giving their billionaire associate, Raj, illegal information!

The federal prosecutor in the case, U.S. At­ Meaning of the

← Contents of Vol. 32, No. 2, February 2014

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