The Daily Bail

By Dr. Pitchfork

It is hard to imagine a more convoluted clusterf*** of corruption. Consider it the latest chapter in the story of upside-down, post-bailout, Bizarro-World America. The US attorney general, Eric Holder, has been going hammer and tongs at the U.S. Constitution and Bill of Rights in order to silence a news organization, Wikileaks, which is about to publish bombshell evidence of corruption -- and possible criminal activity -- at one of America’s largest banks. Meanwhile, Bank of America, the likely target of Wikileaks’ next big story, refuses to process payments for Wikileaks, presses on with its dirty foreclosure and and debt collection practices, and continues to lie about the value of assets on its books. At the same time, Holder has gone almost two years without mustering the courage to investigate or indict a single executive at even one of America’s largest banks. And although Wikileaks promises to lay in his lap several gigabytes of evidence that might lead to such an indictment, Holder has instead initiated “an active, ongoing criminal investigation” of Wikileaks!

But here's the question no one seems to be asking:

Why hasn't Eric Holder asked to see the evidence, which Wikileaks claims to have, that executives at one of our largest banks may have committed serious crimes?

Let's be honest, Holder doesn't really give a rip about financial crimes, but the media should at least be asking him why he doesn't want to see the evidence. We know he'd love to get his hands on Julian Assange's hard drive -- why doesn't he want to see Brian Moynihan's (or Ken Lewis's)?

For some reason, Holder and the rest of the Obama administration would rather endanger our Constitutional rights to due process and a free press by persecuting journalists on specious charges, than to actually do their job and enforce the law.

Once again, the banks and bankers are protected at all costs, while the little people (and our Constitutional rights!) must pay the price. Why is Holder going after Wikileaks and why isn’t he already investigating or indicting people at Bank of America? Who does Holder think he works for – us or the big banks?

It’s hard not to conclude that the answer to these questions was revealed recently in the unfortunately chosen words of Rep. Spencer Bachus (R-AL): “Washington and the regulators are there to serve the banks.” But this only confirms something Sen. Dick Durbin (D-IL) said a couple of years ago.

We would love to be able to find some heroes among the political class working to thwart all this villany, but there aren’t any. Ironically, Republicans and their apparatchiks (as well as Joe Lieberman) have been criticizing Holder and Obama for not doing more to side-step the Constitution and indict, or indeed assassinate, Julian Assange and anyone else associated with Wikileaks. This is so typical of Washington.

Basic issues of freedom and the rule of law are twisted and distorted so as to result in another skirmish in the culture war, which can then be used as fodder for political fundraising and campaign attack ads. The Democrats trample on the Constitution like it’s the grapes of wrath and the Republicans still find a way to charge them with being “soft on terror."

The upshot, as usual, is that bankers are thereby able to ride off into the sunset with their taxpayer subsidies and million-dollar bonuses. As usual, everyone gets what they want except the American people. Happy Holidays, America.

Kudlow is wrong, but the discussion is decent...

Video - Jon Carney, Dick Bove & Larry Kudlow

On Wikileaks and Bank of America...

Celente on the bonus madness...

More on this clip is here...