Reprinted from neweconomicperspectives.org
President Obama and then Secretary of State Clinton decided that America has a critical shortage of banksters and decided to import some from Ecuador. The banksters showed their gratitude by showing the Democratic Party with "donations." Sometimes a small story reveals the core truth of large public policy issues far better than the big overall story can. The New York Times has just published an article entitled "Ecuador Family Wins Favors After Donations to Democrats." The short-version is that Obama has decided to give what amounts to asylum to a family from Ecuador after it made large campaign donations to Democrats.
"It was one of several favorable decisions the Obama administration made in recent years involving the Isaas family, which the government of Ecuador accuses of buying protection from Washington and living comfortably in Miami off the profits of a looted bank in Ecuador.
The family, which has been investigated by federal law enforcement agencies on suspicion of money laundering and immigration fraud, has made hundreds of thousands of dollars in contributions to American political campaigns in recent years. During that time, it has repeatedly received favorable treatment from the highest levels of the American government, including from New Jersey's senior senator and the State Department."- Advertisement -
And it gets better:
"The Obama administration has allowed the family's patriarchs, Roberto and William Isaas, to remain in the United States, refusing to extradite them to Ecuador. The two brothers were sentenced in absentia in 2012 to eight years in prison, accused of running their bank into the ground and then presenting false balance sheets to profit from bailout funds. In a highly politicized case, Ecuador says the fraud cost the country $400 million.
The family's affairs have rankled Ecuador and strained relations with the United States at a time when the two nations are also at odds over another international fugitive: Julian Assange, the WikiLeaks founder, who has taken refuge in the Ecuadorean Embassy in London."- Advertisement -
It's not bad enough that Obama refuses to prosecute our banksters who grew wealthy by leading the three financial fraud epidemics that cost the U.S. over $20 trillion in lost GDP and over 10 million jobs -- he's now importing Ecuador's banksters -- even their families who were banned from entering the U.S. because they committed immigration fraud.
"MIAMI -- The Obama administration overturned a ban preventing a wealthy, politically connected Ecuadorean woman from entering the United States after her family gave tens of thousands of dollars to Democratic campaigns, according to finance records and government officials.
The woman, Estefana Isaas, had been barred from coming to the United States after being caught fraudulently obtaining visas for her maids. But the ban was lifted at the request of the State Department under former Secretary of State Hillary Rodham Clinton so that Ms. Isaas could work for an Obama fund-raiser with close ties to the administration."
Yes, it's the Obama/Clinton concept of good government, respect for the rule of law, and the proper response to elite white-collar criminals who loot "their" banks and cause the crises that devastate an entire nation -- as they did in Ecuador in the late 1990s and the U.S. a decade later -- is to ignore the crimes of the banksters. The banksters and their kin are a potential source of political contributions. Under Obama/Clinton, the U.S. is a sanctuary not just for U.S. banksters, but those from other countries who appropriately express their gratitude to the politicians who grant that sanctuary. When our leaders have contempt for our laws and knowingly choose to get in bed with the banksters and immunize their crimes, you know that crony capitalism has arrived.
Obama and Clinton's New-"New Colossus"
President Obama and Former Secretary Clinton designed a New-"New Colossus" for the Statue of Liberty. Emma Lazurus' words once read.
"Keep ancient lands, your storied pomp!" cries she
With silent lips. "Give me your tired, your poor,
Your huddled masses yearning to breathe free,