So Mary McCulley is posting on Facebook again! Well, not actually Mary, but a friend of hers, who posted this:
“Truth is no longer the soul of justice because justice no longer has a soul.” — Mary McCulley, May 1, 2014 Great Falls, MT
Very apt quote. If truth had anything to do with justice anymore, here’s 7 asshats that should be in jail (you or I most certainly would be if we had done these things) instead of Mary McCulley:
1. HSBC’s Michael Geoghegan: Became CEO in 2006, right in the midst of some of HSBC’s most egregious money-laundering activities for which they were fined $1.9 billion and which some whistleblowers say is still continuing despite the fine.
2. Barclays’ Bob Diamond: LIBOR. ‘Nuff said.
3. Chase’s Jamie Dimon: Hard to pick just one reason, but let’s go with aiding and abetting Bernie Madoff.
4. Goldman’s Lloyd Blankfein: Bet against his own clients. Misled Congress. You or I would be breaking rocks in the hot sun for less.
5. US Bank’s Richard K. Davis: His bank is the reason Mary is in jail to begin with.
6. Bank of America’s Brian T. Moynihan: Again, hard to pick just one reason. OK, not that hard:
“Bank of America has agreed to pay $9.5 billion to the Federal Housing Finance Agency (FHFA) to resolve all residential mortgage-backed securities (RMBS) issues. It’s the largest settlement to a single regulator over misleading mortgage sales.
Under the terms of the settlement, Bank of America will make cash payments of about $6.3 billion to Fannie Mae and Freddie Mac. In addition, the bank will repurchase soured RMBS at fair market value, which is approximately $3.2 billion, says a bank statement.
The FHFA settlement resolves four lawsuits filed in September 2011 against Bank of America and its subsidiaries Countrywide and Merrill Lynch. The suits revolved around the false representation of mortgage loans and the underlying standards.“
7. MF Global’s John Corzine: Simply put, he stole over a billion dollars from his own customers. Taibbi sums it up:
“Nobody disputes the fact that MF Global officials dipped into customer accounts and took over $1.6 billion of customer money. We not only know that company officials reached into customer accounts, we know they brazenly lied to bondholders, ratings agencies and investors about the firm’s financial condition (“MF Global’s capital and liquidity has never been stronger,” wrote the CFO of MF Global’s holding company, on the same day Moody’s downgraded it to junk status).”
So none of these people go to jail, but Mary McCulley does. Did Mary steal a billion dollars? No. Did she lie to investors and rig markets, essentially stealing money? No. All she’s in jail for is trying to get information out of some title company hack. Only one solution, one way to make it right: #FreeMaryMcCulley.