Wall Street knows tougher scrutiny is close at hand with Biden picks

The Wall Street Journal has been sounding the clarion call of alarm on behalf of big business and the super wealthy.  Why such blaring of the trumpets of doom?

What most upends Wall Street is that an aide to Sen. Elizabeth Warren, a  thorn in the side of business, is seeing one of her former aides headed to the Consumer Financial Protection Bureau.  The CFPB was created after the meltdown of 2008 to monitor big business and Wall Street has reviled this agency since its inception.

The Biden Administration is actually putting regulators in place who will actually do the job of Regulators.  

What’s that?  Regulate.

Wall Street Journal 3.11.2021

WASHINGTON—President Biden’s nominee to oversee Wall Street firms and public companies, Gary Gensler, (pictured above) cleared a key hurdle to Senate confirmation, garnering support from two Republicans in a vote Wednesday.

The Senate Banking Committee voted 14-10 in favor of sending Mr. Gensler’s nomination for chairman of the Securities and Exchange Commission to the Senate floor for confirmation. Republican Senators Mike Rounds of South Dakota and Cynthia Lummis of Wyoming joined all 12 Democrats in supporting the nomination.

The committee also voted 12-12 along partisan lines to advance the nomination of Rohit Chopra, who was tapped by Mr. Biden to head the Consumer Financial Protection Bureau. A tie vote can advance to the Senate floor via a motion by the majority leader.

Mr. Chopra, a onetime aide to Sen. Elizabeth Warren (D., Mass.), publicly took on student-loan companies while serving at the CFPB during the Obama administration. He currently serves on the Federal Trade Commission.

Rohit Chopra 3.11.2021.jpg

Rohit ChopraConsumer Financial Protection Bureau nominee

The CFPB has been a flashpoint between Republicans and Democrats on Capitol Hill. Set up during the Obama administration in response to lending practices that contributed to the 2008 financial crisis, the bureau has been accused by Republicans and some in the financial-services industry of regulatory overreach.

“Based on Commissioner Chopra’s record, I’m deeply concerned that he’d return the CFPB to the hyperactive, lawbreaking, antibusiness, unaccountable agency it was under the Obama administration,” said Sen. Pat Toomey of Pennsylvania, the senior Republican on the committee.

The Biden administration’s appointees are expected to take a tougher approach to regulating and policing banks, asset managers and entities seeking to raise money from public investors. With razor-thin majorities in Congress, Democrats are seeking to leverage the power of regulatory agencies to advance domestic-policy priorities such as combating climate change and fighting racial inequality.

“They both have a strong record of protecting American families, promoting competitive markets and holding bad actors accountable,” Ohio Sen. Sherrod Brown, the Democratic chairman of the banking panel, said ahead of the vote.

During a nomination hearing last week, Mr. Gensler raised concerns about the business model of some online brokers involved in the GameStop Corp. trading frenzy. He also pushed back against suggestions by some Republican lawmakers that the SEC shouldn’t require public companies to provide more expansive disclosures about environmental and social issues.

Mr. Gensler, a former Goldman Sachs Group Inc. banker, faced off against the financial industry during a 2009-14 stint as chairman of the Commodity Futures Trading Commission. There, he implemented dozens of new rules to govern trading in trillions of dollars in derivatives, which contributed to the financial crisis of 2008-09.

He also dealt with the big banks at the CFTC when he oversaw enforcement actions against lenders accused of manipulating a key interest rate known as Libor.

 

 

 

Take it down. S.F. Carnival Barkers Delight in Golden Gate Park

Golden Gate Park in San Francisco was never intended to be used as a plaything for wealthy corporations.  The eyesore 150 foot high ferris wheel which now stands as an eyesore  needs to go.

Fortunately the 11 members of the San Francisco Board of Supervisors is going to undertake a serious review of this bauble.

Who pushed to have this Ferris Wheel brought to San Francisco? Whose pockets are being lined while the Ferris Wheel spins? Why was in placed in the midst of historic Golden Gate Park? These are just three of many questions which need exploration./ 

When all is said and done the Supervisors need to order this Toy dismantled and sent back to its East Coast owners.

Excerpted from The San Francisco Chronicle 3.9.2021

The contentious debate over the SkyStar Observation Wheel in Golden Gate Park was sent by the San Francisco Board of Supervisors to its Rules Committee at Tuesday’s regular meeting, leaving the recently granted four-year extension for the attraction in doubt.

The supervisors voted 11-0 on a motion by Supervisor Aaron Peskin to punt the issue to committee. The resolution was seconded by Supervisor Catherine Stefani and passed without comment by supervisors, though there was plenty of comment during public testimony before the vote.

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The issue reached the board after both the Recreation and Park Commission and the Historic Preservation Commission voted unanimously to grant the attraction operated by SkyView Partners of St. Louis a four-year extension on the original contract, which ran from April 2020 to March 21.

Within hours of that approval, Supervisor Connie Chan, who represents the Richmond District, and Peskin offered a resolution on the grounds that a business contract with an outside vendor requires the approval of two-thirds of the Board of Supervisors.

The resolution calls for the SkyStar to be allowed to continue operating in the Music Concourse until Feb. 7, 2022, with the site to be completely restored by March 15, 2022. It should get a sympathetic reading there because Peskin and Chan form two-thirds of the Rules Committee, which meets Mondays at 10 a.m.

One caller took it all the way back to the California Midwinter International Exposition of 1894. There was a Ferris wheel at the fair, which supplied a precedent, but the caller offered up proof that park superintendent John McLaren was against it.

A third cluster of callers used their full two minutes deriding the board for taking up precious meeting time with an issue as silly as a Ferris wheel when there are issues like affordable housing to solve. These callers were more than happy to give advice on how to solve these larger problems.

“I’m embarrassed that we are still talking about this,” said caller Jane Natoli, who prefaced her comments by noting that her advocacy group Grow the Richmond had gathered more than 1,000 signatures in support of the SkyStar.

Carnival barker II 2.24.2021.jpg

https://www.sfchronicle.com/local/article/SkyStar-Wheel-s-future-at-Golden-Gate-Park-in-16013506.php

 

 

 

Harry and Meghan storm the Tabloids and all the World is their rapt audience

What is it about the Brits that there is an insatiable appetite for All Things Buckingham Palace? It began in the 1930’s when King Edward abdicated the Throne for his American love Wallis Simpson.  

Of course Lady Di, her marriage to Prince Charles and her death in a car crash is the Tabloid sensation which will continue through Eternity.

Now we have Prince Harry and his American wife, Meghan.  Their $7,000,000 interview with Ophrah Winfrey is all the Buzz. Amazing.  Deutsche Welle takes a look at the media attention give to this Glam couple.

Excerpted from Deutsche Welle 3.9.2021

The interview given to US talk show host Oprah Winfrey by the Duke and Duchess of Sussex about their time in the British royal family has made waves at home and abroad and aroused a wide range of media responses after it aired in the US on Sunday.

Even within the United Kingdom, opinions were divided amongst commentators.

The Daily Mirror made it out to be the worst crisis in decades: “The couple spent two hours on TV desecrating their relationship with the family, accusing them of racism, peddling lies and ignoring the duchess’ desperate cries for help as she contemplated suicide while pregnant. Insiders said the devastating interview with US chat-show queen Oprah Winfrey left the royal family facing its toughest test in 85 years, when Edward VIII became in 1936 the first English monarch to voluntarily abdicate the throne to marry US socialite Wallis Simpson.”

The Daily Mail took a similar line. On its front page on Monday, it asked: “What have they done?” and called the interview a “ruthless stab at the heart of the family.” “For someone whose stated ambition is ‘to build a better world, one act of compassion at a time,’ this was a remarkably brutal and calculating display,” the paper wrote, citing phrases taken from an open letter published on the website of the couple’s non-profit organization Archewell.

Meghan and Harry I 3.9.2021

Meanwhile, The Guardian called the claims “devastating,” writing: “But this is not just a crisis for the royal family – but for Britain itself. (…) Trapped in denial — about everyday racism, structural racism, slavery and empire — there are parts of British society that appear incapable not just of change but even of its necessary precursor: honest self-reflection.”

On the other side of the ocean, the issue was treated more positively, with even US President Joe Biden commenting, saying it must have taken “courage” for Harry and Meghan to speak out.

The New York Times​​​​​​​ was hopeful about what might come for Prince Harry after the interview: “Freed from the constraints of not being able to confront racism head-on might mean that he will dedicate his life to dismantling it, not just out of necessity, but also as a way of writing a new chapter in his family’s history, and bequeath his children a legacy of antiracism.”


In their interview, Meghan and Harry accused the British royal family of having been racist.

 

The Los Angeles Times, a newspaper in Harry and Meghan’s current home state, California, criticized both the palace and Meghan: “Call me crazy, but if you can afford a $14.5 million, seven-acre Montecito estate, and you’ve got yourself a fat deal with Netflix, maybe you can afford to pay for your own personal protection even though your feelings are hurt? And I have trouble believing that a 30-something professional woman used to being in the public eye would not be able to get psychological help on her own, but as I say, learned helplessness seems to be part of the royal DNA.”

In mainland Europe, the German magazine Der Spiegel wrote: “The reproaches of the Duchess and the Duke of Sussex — as hard as it might be to prove them — hit a nerve in Great Britain in the year 2021. The royal palace might have a problem with racism. The kingdom itself certainly does.”

In France, Le Parisien wrote on its front page that “war has been declared,” adding that the “current crisis might not undermine the love of England for its iconic and nonagenarian monarch. It has forgiven her so much already. But the crown will be heavy to carry for her heirs.”

Meghan and Harry III 3.9.2021.jpg

https://www.dw.com/en/harry-and-meghan-polarize-media-at-home-and-abroad/a-56818946

In the wake of his failed Coup, has Trump FINALLY learned his lesson?

3.7.2021 Doonesbury nails it. 

New York Times – Berlin – December 20, 1924

Adolf Hiter, once the demi-god of the reactionary extremists, was released on parole from imprisonment at Fortress Landesberg, Bavaria today and immediately left in an auto for Munich.

He looked a much sadder and wiser man today than last Spring when he, with Ludendorff and other radical extremists, appeared before a Munich court charged with conspiracy to overthrow the Government.

His behavior during imprisonment convinced authorities that, like his political organization, known as the Volkischer, was no longer to be feared.

It is believed he will retire to private life and return to Austria, the country of his birth.

Fascism and Trump IV 8.26.2020Fascism and Trump III 8.26.2020Fascism and Trump II 8.26.2020

 

Inaugural poet followed by security guard. “This is the reality of black girls.”

The level of systemic racism is beyond disgusting. It is endemic and a 300 hundred year part of American culture.

 Vile and corrosive blatantly racist behavior is a pestilience which will never be eradicated in this country

A victim of this vile scourge is the young black woman, 22 year old Amanda Gorman who was accosted by a clueless half wit security guard. This rent a cop clown  isn’t intelligence enough to read Ms. Gorman’s poetry.

These uneducated morons  are patroling the streets of America. It’s insane.

Ms. Gordon was too polite and declined to identify the racial identity of the brainless fool who accosted her on Friday night.

The Guardian of London 3.6.2021

Poet, acclaimed for her performance at Joe Biden’s inauguration, tweeted ‘this is the reality of black girls’.

Amanda Gorman, the poet who won acclaim for her performance at Joe Biden’s inauguration, has told of being followed home and accosted by a security guard who allegedly claimed she looked suspicious.

Amanda Gorman II 3.6 .2021.jpg

She said the incident, on Friday night, was emblematic of “the reality of black girls” in the US, in which “one day you’re called an icon” but the next day considered a threat.

She said in a following tweet: “In a sense, he was right. I AM A THREAT: a threat to injustice, to inequality, to ignorance. Anyone who speaks the truth and walks with hope is an obvious and fatal danger to the powers that be.”

Gorman, 22, from Los Angeles, shared a post she made in February which said: “We live in a contradictory society that can celebrate a black girl poet & also pepper spray a 9 yr old” – in reference to a recent incident in Rochester, New York, that led to protests and three police officers being suspended pending the completion of an investigation.

Racial Bias  II 3.6.2021.jpg

A favourite with Democratic establishment figures, the youngest inaugural poet in US history was named the country’s’ first youth poet laureate in 2017, when she was a student at Harvard. The Guardian has contacted her for further comment. She did not indicate the ethnic origin of the security guard.

A Virginia state legislator, Mark Keam, tweeted: “Let this story sink in. And realise how – while I’m glad it ended safe for Amanda Gorman – this type of confrontation is an every day occurrence for millions of our fellow Americans.”

https://www.theguardian.com/us-news/2021/mar/06/amanda-gorman-says-she-was-followed-by-security-guard-who-said-she-looked-suspicious

 

Prosecutors withheld evidence. Judge frees men imprisoned for 24 years

The Chief of the New York City cops union needs an attitude adjustment. The same holds true for the head of the Police Officers Association in my home town San Francisco.

Three black men spent 24 years in prison or a crime they didn’t commit.

America is full of miscarriages of justice whether it be at the misdemeanor level or in the highest level of felony acts.

The cops have too much power. Too often prosecutors are their willing hanmaidens. It is fortunate there are now progressive District Attorneys who have moved beyond the grab ’em and lock ’em up attitude.

Chesa Boudin right here in San Francisco, George Gascon in Los Angeles and Larry Krassner in Philadelphis are three shining lights of progressive law enforcement.

Excerpted from The Washington Post 3.5.2021

Patrick J. Lynch, president of the New York City Police Benevolent Association, issued a blistering statement, saying Charles Davis’s family is “devastated by the possibility that nobody will be held accountable for his murder.”

“There is absolutely no reason that these convicted cop-killers should be put back on the street,” Lynch said in the statement, arguing that if Queens District Attorney Melinda Katz “does not believe there is sufficient evidence of their innocence,” the suspects should stay in prison while the matter is evaluated.

Three men convicted of murdering an off-duty police officer and a business owner nearly 25 years ago were released from prison Friday after a judge declared they were wrongfully convicted because evidence that may have exonerated them was “deliberately withheld” from their lawyers.

The arrests in 1996 of George Bell, Rohan Bolt and Gary Johnson were heralded by then-New York Mayor Rudolph W. Giuliani, who had vowed days before their apprehension that justice would be served swiftly, lawyers for the men say. But on Friday, Queens County Supreme Court Judge Joseph Zayas said the prosecutors who secured their convictions had suppressed information “that others may have committed these crimes.”

Speaking via video from Green Haven Correctional Facility, a maximum-security prison north of New York City, the three men thanked those who worked to earn their freedom.

After I was convicted for capital murder, I couldn’t fathom or wrap my mind around how God would allow the justice system I believed in to fail me in such a tragic fashion,” said Bell, who confessed to authorities in connection with the shooting deaths of New York police officer Charles Davis and another man, Ira Epstein, whose check-cashing store in Queens was robbed the morning of Dec. 21, 1996.

Although Bell and Johnson, then 19 and 22 years old, respectively, both confessed, they had been “subject to coercive interrogations” and their statements “bear all the hallmarks of the false confessions that resulted in wrongful convictions in the past,” according to a motion filed earlier Friday by private attorneys and public defenders involved in the effort to overturn their convictions.

At the time of the crimes, Bell had a job stocking shelves at an Old Navy and Johnson was a store clerk. They did not have criminal records, nor did they know Bolt, who authorities alleged was their accomplice in the botched robbery.

Bell gave a confession “riddled with inconsistencies and inaccuracies, a product of the fact that its details were fed to him by detectives who were working with incomplete and faulty information,” the attorneys wrote.

Black Power VII 11.8.2019

Bolt, 35 at the time and a father of four who owned a Caribbean restaurant, never confessed. He was arrested based on an identification from a purported witness with a history of drug use and “no known connection to the crime,” according to the court filing detailing the case’s history.

After testifying in his defense and maintaining his innocence, Bolt turned to the victims’ widows at his sentencing and offered condolences but said he “did not have anything to do with the murders . . . I know one day God will show them the truth, that Rohan Bolt did not have nothing to do with it,” according to a 2007 Village Voice account.

Reached Friday, Davis’s widow declined to comment. Attempts to reach Epstein’s family were unsuccessful.

The cases were handled under the supervision of District Attorney Richard A. Brown, who was in office for nearly 30 years. He has since died.

Zayas, the judge, granted prosecutors 90 days to reexamine the case.

Buffalo assualt II 6.6.2020

The fatal shooting was closely covered by New York media and prompted an aggressive response by the NYPD and Giuliani, who met the family of the slain officer at the hospital. At the time, New York City was plagued by gun violence and numerous police officers were among the victims.

https://www.washingtonpost.com/national-security/ny-murder-convictions-vacated-24-years/2021/03/05/d4b2ef16-7db7-11eb-85cd-9b7fa90c8873_story.html

Insurrectionist Who Sat In Pelosi’s Office Yells At Judge About Still Being In Jail

The insurrectionists who stormed the nation’s capitol on January 6 are now facing the consequences and don’t like it. Perhaps these domestic terrorists really believed there would be no consequences for their acts of sedition.

They are wrong and will pay the price.

TPM 3.4.2021

The alleged Capitol intruder best known for snatching House Speaker Nancy Pelosi’s (D-CA) mail and mugging for cameras with his feet up in her office blew up in anger at a federal judge Thursday.

Richard “Bigo” Barnett was upset at having been in federal custody for a weeks, and he let D.C. District Court Judge Christopher Cooper know that the situation was “not fair.” 

“Everybody else who did things much worse are already home,” Barnett said, according to NBC4’s Scott MacFarlane. “You can’t keep pushing me out month by month.”

“They’re dragging this out!” he yelled, per The New York Times. “They’re letting everybody else out!”

1 Trump riot 1.6.2021

Cooper called a recess after the outburst and later said he would consider a release motion if and when Barnett’s lawyers filed one, the Times reported.

Barnett was charged criminally the day after the attack, and later indicted by a federal grand jury on eight counts, including obstruction of an official proceeding, aiding and abetting, and disorderly and disruptive conduct in a restrictive building with a deadly or dangerous weapon. Barnett has pleaded not guilty on all counts.

Prosecutors have so far argued successfully for Barnett’s pre-trial detention, asserting that he was photographed reclining at Pelosi’s desk with a stun gun on his hip.

The chief justice of the D.C. District Court, Beryl A. Howell, wrote in late January that Barnett’s alleged conduct on Jan. 6 “was brazen. He bragged about what he had done after leaving the Capitol.”

Cooper set a status conference for two months from now, May 4. Barnett remains in custody.

https://talkingpointsmemo.com/news/alleged-capitol-attacker-who-sat-in-pelosis-office-yells-at-judge-about-still-being-in-jail

“Inadvertent mistake.” S.F. trash collector and the Stink of corruption.

Caught with their hands in the proverbial trash can the local trash collection company Recology is calling this four year consumer ripoff an “inadvertent mistake.”  Really????!!!!

Garbage collection rates are high in San Francisco.

Residential customers pay on average $10 weekly.  There is little  oversight as Recology is granted rate increases yearly with little, if any, debate and public input.

Now, in part the result of the Federal indictments of City officials and private contractors, a ripped off public will receive a degree of restitution.

San Francisco, beneath the veneer of cable cars, Fisherman’s Wharf and tourism is at its core a very venal mean spirited place. The nearly $100,000,000 coming to the rate paying public is small consolation.

Excerpted from The San Francisco Chronicle 3.4.2021

San Franciscans will recoup nearly $100 million in overpaid trash-collection fees after a probe by the City Attorney’s Office detailed how the waste management company Recology improperly hiked its prices over the last four years, City Attorney Dennis Herrera said Thursday.

In a statement, Recology officials characterized the overcharging as an inadvertent mistake, and said they immediately reported it to the City Attorney’s Office.

The settlement between the city and Recology represents the latest twist in the sprawling City Hall corruption saga centered around former Public Works Director Mohammed Nuru, other city officials, contractors and nonprofit groups.

Nuru played a key role in the rate-setting process for Recology. The results of Herrera’s investigation and a separate federal probe allege that Nuru accepted bribes from Recology in exchange for allowing the company to inflate its rates. A former Recology executive was fired and arrested in November in light of those allegations.

Officials said that in addition to the alleged bribes, Recology failed to account for revenue it would receive from ratepayers during its application for a rate increase in 2017. These underreported funds, officials said, amounted to a rate increase of 14% instead of the 7% Recology should have received.

Recology corruption II 3.4.2021

The company serves about 160,000 customers in San Francisco.

“With this legal action, we are making San Francisco ratepayers whole and sending a clear message that cozying up to regulators won’t be tolerated,” Herrera said in a statement. “Mohammed Nuru may have had his challenges keeping the streets clean, but he clearly excelled at cronyism, slush funds, and indifferent oversight.”

Recology Chief Executive Officer Sal Coniglio said in a statement that the company is “grateful to the City Attorney for helping us reach a resolution that benefits our San Francisco customers. We are reviewing our internal processes and working with the City to ensure an issue like this never reoccurs.”

The amount each ratepayer will be refunded will depend on how long they’ve been a Recology customer and the type of service purchased. Both current and former customers are eligible for reimbursement, and current customers are required to receive their refund by Sept. 1, Herrera said.

https://www.sfchronicle.com/local/article/S-F-City-Hall-corruption-Recology-to-repay-16000807.php#photo-20443114

 

Trim the Fat. Overweight Americans number 8 in World Covid death toll

500,000 Covid-19 deaths in America is a grim statistic.

Over 50 percent of the American public is obese. Now the World Obesity Foundation has stuck a fork in the stomach of that portion of the slothful USA population and awarded this country a dubious honor.

America is amongst top countries where over half the population is obese and whose population is in the top 10 in Covid-19 deaths.

Excerpted from The Guardian 3.3.2021

In the USA, where adult overweight and obesity is at 68%, 12% of Covid patients in intensive care have normal weight, 24% are overweight and 64% are obese.

Countries with high levels of overweight people, such as the UK and the US, have the highest death rates from Covid-19, a landmark report reveals, prompting calls for governments to urgently tackle obesity, as well as prioritising overweight people for vaccinations.

The risks rise with increasing overweight. An analysis of the data seen by the Guardian shows that in the UK, where almost 64% of adults are overweight or obese, nearly 20% of Covid patients in intensive care are of normal weight, 32% are overweight and 48% are obese.

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About 2.2 million of the 2.5 million deaths from Covid were in countries with high levels of overweight people, says the report from the World Obesity Federation. Countries such as the UK, US and Italy, where more than 50% of adults are overweight, have the biggest proportions of deaths linked to coronavirus.

The issue is not just obesity, but levels of weight that many assume are now normal in many countries. Death rates are 10 times higher in those where more than half the adults had a body mass index (BMI) of more than 25kg/m2 – the point at which normal weight tips into overweight.

People who are overweight should be given greater priority for vaccinations and tests because of their increased risk of death, says the World Obesity Federation.

Among countries where more than half the adult population is overweight, Belgium has the highest level of deaths, followed by Slovenia and the UK. Italy and Portugal are 5th and 6th, while the US is 8th.

Vietnam, by contrast, has the lowest Covid death rate in the world and second lowest level of overweight in the population.

The biggest factor in the death toll is age, says the report, but being overweight comes second. It is already known to increase people’s risk when they contract infectious diseases such as flu.

“We were shocked to see such a high correlation between a country’s proportion of overweight adults and its deaths from Covid-19,” said Dr Tim Lobstein, the report’s author and former adviser to the WHO and Public Health England.

https://www.theguardian.com/world/2021/mar/03/covid-deaths-high-in-countries-with-more-overweight-people-says-report

In France, even the President does the time when he commits the crime

In France if you commit the crime you do the time regardless of your position, wealth, social connections and high self-regard.  

Excerpted from Deutsche Welle – Barbara Wesel  3.1.2021

The verdict against former President Nicolas Sarkozy is a signal. France’s ruling class has long been used to going unpunished — The verdict serves democracy, says Barbara Wesel.

It’s not as if Nicolas Sarkozy has to go to jail with drug dealers and car thieves. If his sentence is upheld on appeal, he can stay in the comfort of his own home with an ankle bracelet. His wife, the singer-songwriter Carla Bruni, can play him a song on the guitar with a chorus that goes: “You can do a lot of things, just don’t get caught.”

So much piled up over time in the Sarkozy era. While the French were amused by the details of his love life, his political activities only emerged later. He was convicted because the court considers it proven that he bribed an attorney general in 2014 to obtain information about an investigation.

It was all there, from burner phones and wiretapped calls, to a luxury posting in Monaco — the court files have enough material for a fine screenplay. And that’s not all: In an earlier trial, Sarkozy was acquitted on charges of having accepted undeclared donations for his election campaign from Liliane Bettencourt, the L’Oreal heiress. The allegations were a burden for years.

And the judiciary is not even done with the ex-president yet.

A trial for illegally financing his 2007 presidential campaign begins in two weeks. Sarkozy allegedly received €50 million ($60 million) from former Libyan ruler Muammar Gaddafi, of all people. Another investigation is looking into his consulting work for a Russian company, including awkward questions about employing his first wife as a staff member.

Sarkozy is the second former president to be convicted by a French court. In 2011, Jacques Chirac was convicted of embezzlement and misuse of public money when he was mayor of Paris. The most spectacular trial, however, was probably that against Francois Fillon, who paid his wife a salary as an employee for years even though she never worked. The verdict destroyed the conservative presidential candidate’s career and opened the door for Emmanuel Macron.

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Things were different just a few decades ago. Charges against Valery d’Estaing of accepting diamonds from the notorious Central African dictator Jean-Bedel Bokassa, came to nothing. And somehow, people just accepted the fact that Francois Mitterrand set up his mistress and their daughter in a state apartment guarded by police officers. For a long time, different rules applied to the ruling class in France. That is the reason the French are so angry at their politicians.

For several years now, the judiciary has increasingly prosecuted offenses committed by politicians that would have previously been swept under the carpet. The public’s expectation of a fair trial against everyday people and those with power has risen. Old ties are offering less and less protection — the recent sexual assault investigations against Paris society bigwigs points to a change in climate.

https://www.dw.com/en/opinion-in-france-no-one-is-above-the-law/a-56740763

Top photo – Better times for Nicolas Sarkozy: Shaking hands with Libya’s dictator Muammar Gaddafi in 2007