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Posts Tagged ‘prison’

Iceland’s Supreme Court upheld charges against several bankers implicated in the world meltdown via fraud and other illegal opportunities last February. Hreiðar Már Sigurðsson sits in prison in Iceland. So do three of his associates. They were all forced to pay millions of dollars in fines.

icelandFrom left to right: Former CEO of Kaupthing Luxembourg Magnus Gudmundsson, Olafur Olafsson, the bank’s second largest shareholder at the time, Hreidar Mar Sigurdsson, Kaupthing’s former chief executive, and former chairman Sigurdur Einarsson—all sentenced to between four and five and a half years. (Image: DV)

Why doesn’t that happen in the USA. The answer is simple. The USA government is one of the most corrupt in the world. Money rules, and that’s what US democracy looks like. The corporate press is also remarkably corrupt, and so, the so-called free press has become a willing partner in criminal activities by sponsoring such slogans as “Too big to fail,” and “Too big to Jail.” The US public, for the most part, swallows this propaganda like fresh candy, and without question.

The US bankster’s should be in jail, just like their brethren in Iceland, but the US in-justice department finds it better to focus on corporate crimes, and then lay fines against these corporations, rather than at the employees perpetrating the crimes. Those employees are among the most politically corrupting influences in the US government today.

 

Icelandic Bankers Sentenced to Prison–Icelandic Review

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“Nearly half of all immigrants detained by federal officials are held in facilities run by private prison companies, at an average cost for each detained immigrant is $166 a night. That’s added up to massive profits for Corrections Corporation of America, The GEO Group and other private prison companies:

A decade ago, more than 3,300 criminal immigrants were sent to private prisons under two 10-year contracts the Federal Bureau of Prisons signed with CCA worth $760 million. Now, the agency is paying the private companies $5.1 billion to hold more than 23,000 criminal immigrants through 13 contracts of varying lengths.”

Why the difference between then and now? Perhaps because it’s more profitable to round up undocumented immigrants nowadays. And maybe the shareholders of Corrections Corporation of America, The GEO Group and other private prison companies are big investors in the presidential campaigns of President Barack Obama. He represents one faction of Wall Street. Mitt the Twit represents the other half. So perhaps Obama has ordered the biggest roundups of illegal immigrants in US history to appease his base, which is among the 1 percent.

Click the link below for the complete story.

Private Prisons Spend $45 Million on Lobbying — Truthout.org

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