SEC’s Whistleblower Reward Stinks

When government agencies neither elected by nor beholden to the people go around making big claims and handing out huge sums of money with no respectable explanation, the people have little choice beyond suspecting double-dealing.
A widely-circulated article says that the Securities and Exchange Commission, in a lawsuit brought against unnamed companies under Dodd-Frank legislation, stands to pay a $30 million reward to an anonymous whistleblower, who lives out of the country, no less. This stinks of insider trading itself.
The Bangor Daily News says:

“I was very concerned that investors were being cheated out of millions of dollars and that the company was misleading them about its actions,” said the whistleblower, in a press release issued by the law firm.

It was very nice of that unknown good samaritan living abroad to help the SEC catch some crooked companies. But let’s stop being naive and introduce some class-consciousness into this, shall we folks?
If the whistleblower knew about a fraud scheme worth busting for “sanctions that exceed $1 million,” (in English, a shitload of stolen money), thereby qualifying him/her for the maximum reward of 30% of the bust, who must this person be? Is this whistleblower a lowly bank teller, a scorned shareholder, or a fellow fatcat who had a crisis of conscience? And why did s/he wait until the stolen cash piled up that high before s/he said something? Would an outsider, with no purview on the actions of boards-of-trustees, be able to provide a case? It sure as hell wasn’t the butler.
We are likely, therefore, dealing not with a case of the SEC rewarding a good samaritan, but paying an inside trader for his/her silence in order to bust bigger inside traders. This was, likely, no reward, but a bribe, a plea bargain at best.
Meanwhile, where did this $30 million reward come from? That’s 12 million school lunches, is what that is. The SEC’s bylaws on identity protection are meant to serve the whistleblower, but their lack of transparency and huge cowboy head rewards do not fight corruption, but attract more of it.

Time for Black Autodefensas in the US?

And now for some good news.
The corporate media have barely whispered the story about how openly-armed black citizens in the Huey P Newton Gun Club marched through downtown Dallas in late August to demand an end to police brutality in the US. This is a marked contrast to racist white open carry groups who march through black neighborhoods to duly intimidate the poor. But we must always remember that racism is an invention that covers up the real issue of class.
The Huey P Newton Gun Club, named of course for the co-founder of the Californian Black Panthers, has arisen only a year after the Autodefensa (self-defense) phenomenon in Mexico. The Autodefensas, loosely-organized groups of citizens, assumed security duty of some 400,000 people in the state of Michoacán. In the desperately violent state they’ve chased drug gangs out of towns, unfortunately through gun battles in some cases. They even bloodlessly disarmed police departments considered to be working for the narcos and used the armaments to fight off narcos. Unlike the autodefensas, North Americans have the right to have weapons of war under a majority of states’ laws.
A recent report by National Public Radio included in ‘This American Life’ highlights that Michoacán is the top producer of avocadoes probably in the world. These avocadoes are mostly ground up, pumped full of chemicals and frozen in plastic bags to be smeared on the food of people who don’t know what good is in North American restaurants like Chili’s, Quiznos and Appleby’s. Corruption and gang violence over Michoacán’s avocadoes reaches even into bad restaurants across North America, many of them staffed by minimum wage-earning black Americans.
Are black people in the US aware of the class oppression they share with the Autodefensas? Is it time for black people in the US to grow similar defense groups? That question, however, raises more important questions: will such black gun clubs work without bloodshed against their oppressors?
In Mexico the enemy of the people is drug trafficking. Our brave Mexican neighbors were, in the end, cleaning up what the police would not until their disarmament in summer 2014. But in the US police forces are close to 100% militarized, armed with leftovers from the massacres of Iraq and Afghanistan, just as our agricultural fields were polluted for the first time after WWII with nitrogen left over from munitions manufacture. Will militarized police forces listen to black defense clubs and end brutality, that they themselves perpetuate, without a fight?
The Dallas PD assure us via the National Review that they ‘support the constitutional rights of all.’ Their record shows, however, that the constitutional rights of the poor are not as respectable. Will it take a self-defense movement to convince all police to stop murdering the poor and observe due process of law?