Sure. Why is he writing unsourced articles without a hint of journalistic tradecraft or standards for a marginal blog. Why do 10 of these new fricking blogs pop up everyday anyway?

It's the classic formula. Throw together a few verifiable facts. Drop some names. And jump to whatever conclusion you like.

Goes like this.

quote:
In 2015, Puerto Rico defaulted on $70 billion in municipal bonds. Those involved panicked. There was ample evidence that the issuing agencies were technically bankrupt when they issued the bonds and that they purchased fraudulent credit ratings from Moody’s Fitch and S&P. Wall Street’s biggest banks then knowingly sold junk bonds to innocent investors, labeling them as safe investments. Everyone made a ton of money, except the innocent investors.

Verifiable

quote:
The evidence of this massive criminal act was overwhelming. The lawsuits and complaints to the FBI and SEC were streaming in. Dozens of Wall Street executives could go to prison. This was serious.

Plausible, but source? Did this actually happen?

quote:
The Wall Street executives went to Senator Schumer and asked for two things: that no criminal investigations or prosecutions be considered and that he somehow limit the bondholders’ rights to keep them from suing.

Plausible, but source? Did this actually happen.

quote:
By this time, all congressmen and senators were made fully aware of the potential fraud that had taken place in Puerto Rico. That didn’t stop Senator Schumer; he put together a small team consisting of himself, Elizabeth Warren, Senator Blumenthal and Senator Feinstein. In January 2016, they submitted a rider to the energy bill that unbelievably would prevent the innocent bondholders from suing. All four politicians were quickly rewarded and the Wall Street contributions flooded in.

So the rider is verifiable. Everything else, including the preceding two paragraphs, simply plays on people's suspicions of what Congress is plausibly capable of.

quote:
Then an understanding was stuck with US Attorney Bharara that investigations would be sidetracked and no prosecutions would take place. As pressure was building with the public discovery of hundreds of new felonies related to the issuance of this $70 billion in bonds, the DOJ continued to ignore the evidence and sidetrack all efforts by their field personnel to prosecute. Bharara was paying back his mentor in spades.

And here's the hook. Just jump to some conclusion without any evidence whatsoever based upon like four real facts and a mountain of conjecture tying everything neatly together.