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Israel Matzav: Be Scared America, Very Scared
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[quote:Anonymous Coward 31217084:MV8yMTEyOTk2XzM1NjI3NjYyX0MzOEFGOEUx] Ponzi scheme was named after a person of that persuasion. On December 10, 2008, Bernard Madoff made an admission to his sons that his investments were "all one big lie". The following day he was arrested and charged with a single count of securities fraud.[45] As of December 2008 the losses were estimated to be $65 billion, making it the largest investor fraud in history.[46] Madoff was sentenced to 150 years in prison on June 29, 2009. On January 9, 2009, the SEC charged Joseph S. Forte from Broomall, Pennsylvania with masterminding a $50 million Ponzi scheme. He swindled over 80 investors, mostly close friends from 1995 to 2009. The SEC investigator called Forte a "complete fraud". Records show Forte used, for personal purposes, over $28 million.[47] He was sentenced to 15 years imprisonment. On January 16, 2009, the United Kingdom Serious Fraud Office uncovered an £80 million buy-to-let property fraud scheme operating under a company called Practical Property Portfolio in which at least 1,750 investors were conned out of £25,000 each in return for a promise of a house in the North East of England. All five directors – John Potts, Peter Gosling, Natalie Laverick, Peter Graham, and Eric Armstrong – pled guilty to fraud and were sentenced in March 2009. December 1, 2009: Scott W. Rothstein, a disbarred lawyer and the former managing shareholder, chairman, and chief executive officer of the now-defunct Rothstein Rosenfeldt Adler law firm was accused of funding his philanthropy, political contributions, law firm salaries, and an extravagant lifestyle with a massive $1.4 billion Ponzi scheme. Scott Rothstein turned himself in to federal authorities and was subsequently arrested on charges related to the Racketeer Influenced and Corrupt Organizations Act (RICO).[73] Rothstein was denied bond by U.S. Magistrate Judge Robin Rosenbaum, who ruled that due to his ability to forge documents, he was considered a flight risk.[74] Although his arraignment plea was not guilty, Rothstein cooperated with the Government and reversed his plea to guilty of five federal crimes on January 27, 2010. He was sentenced to 50 years, despite the prosecution asking for 40 years. On June 27, 2007, former boy band mogul Lou Pearlman was indicted by a grand jury on several counts of fraud and money laundering which for running a $500 million Ponzi scheme over 20 years; he pleaded guilty and was sentenced to 25 years imprisonment. In February 2005, Moshe Leichner and his son Zvi[26] were sentenced to 20 years in federal prison for running a Ponzi scheme[27] through a commodities futures trading firm, Midland Euro[28] that defrauded hundreds of investors out of more than $95 million, including Dean Tanella[29] of GunnAllen Financial[30] (shut down by regulators in March 2010 for fraud allegations and losses related to another Ponzi scheme[31]) and Safe Harbor Capital Management (now dba HarborLight Capital Management)[32] which lost $40 million[33] for their investors. [/quote]
Original Message
Caroline Glick writes that what most Americans don't get is that the Hagel nomination is not about Israel. It's about disarming America.
Hagel -- and Obama -- have bigger fish to fry than Israel. They are looking to take on the US military. They will slash military budgets, they will slash pensions and medical benefits for veterans in order to save a couple dollars and demoralize the military. They will unilaterally disarm the US to the point where America's antiquated nuclear arsenal will become a complete joke. And I don't see the military capable of stopping it. Anyone remember the F-22?
I find the whole Israel angle on Hagel irritating because of this. Yes, Hagel will be bad to Israel. But we can minimize the damage by diversifying our own arsenal and weaning ourselves off of US military handouts that only serve as work subsidies for US military contractors at the expense of Israeli ones.Moreover, for years that military aid has been a corrupting force on Israel's general staff. I've been advocating ending US military aid to Israel for more than a decade, but better late than wait until we find ourselves at war and out of spare parts because Hagel and Obama won't sign the requisition orders to Boeing and Lockheed.
Unlike Israel, the US military cannot minimize the damage that Hagel and Obama will cause. America's capabilities will suffer at the hands of the duly reelected Commander in Chief and his duly appointed Defense Secretary. The only chance to dodge that bullet was on Election Day and the American people blew it.
By making this a story about Hagel the anti-Semite, nice senators like Lindsey Graham and John McCain are obfuscating the main problem. The main reason Hagel shouldn't be appointed is not because he hates Israel. It is because he hates a strong America.
More: [
link to israelmatzav.blogspot.com
]
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