The founders of the group Occupy Democrats have been accused of funneling hundreds of thousands of dollars into their own pockets. Then, the US government wants to reevaluate our relationship with Saudi Arabia, but Wall Street has other ideas. Mike Papantonio & Farron Cousins discuss more.


*This transcript was generated by a third-party transcription software company, so please excuse any typos.

Mike Papantonio:             The, the, the president, the, the, the White House could do something where it comes to this price gouging. That’s all it is.

The founders of the group Occupy Democrats have been accused of funneling hundreds of thousands of dollars into their own pockets. The, these were the darlings of the Democrats. Remember? Oh these, they’re so funny. They have all these memes that they do and they, they, they, they’re all over Twitter with attacking the other side, attacking Republicans. The problem is they were attacking, they were spending money attacking politicians that weren’t really even a factor. You know, they weren’t even gonna be really running for anything. And they were attacking. But the real ugly story is now we find out, what was it, 570,000, $570,000 out of $790,000, 570,000 went back to the people to their pockets.

Farron Cousins:                  Yeah.

Mike Papantonio:             I mean, that’s what this story says.

Farron Cousins:                  It is. And it’s important to remember, of course, the Occupy Democrats, of course sprang outta the Occupy Wall Street movement. They adopted the occupy phrase, ran with it, did a good job of raising money, over $700,000. They turned it into a political action committee.

Mike Papantonio:             Yeah.

Farron Cousins:                  And then they said suddenly, just people who really aren’t even used to this said, oh my God, look at this money. What do we do? So they start paying their own companies as, as consulting fees, even though they’re running it, they’re paying themselves as consultants. Hundreds of thousands of dollars according to these stories. And then when they get busted and the news comes out, they say, oh, well, you know, we, we, there was some accounting errors. Sure. They don’t tell us what they were.

Mike Papantonio:             Mm-hmm.

Farron Cousins:                  And then they say, but you know, we’re not allowed to donate money to candidates. If we were, we totally would do that. We just can’t do it.

Mike Papantonio:             Surprise, they are allowed to donate to candidates and that was complete BS, because the Democrats were saying, you’re raising all this money. Why don’t you give it to some of these Democrats that are in trouble? Oh, we can’t do that because our charter doesn’t allow for it. That’s ridiculous. They absolutely could do it. Farron, I had to read this twice. When they were trying to, when they were trying to justify where’s that $570,000 going, one of the statements was this, you just don’t understand the time it takes to make memes for Twitter and Facebook. $570,000 worth. Well, okay, the point is, this had potential to be a really effective organization. It’s gonna be very difficult for them to pull out of this, isn’t it?

Farron Cousins:                  Oh, absolutely. And listen, oh, it takes time to make memes. There are people who can make a meme about a news story that just broke two minutes ago and have 8,000 people share it on Twitter within the next 10 minutes.

Mike Papantonio:             Yeah.

Farron Cousins:                  It does not take a long time. You’ve got very creative people out there that literally do it all day, every day.

Mike Papantonio:             Why would you even go there with a statement like that?

Farron Cousins:                  Because they’re backed into a corner and when you get somebody backed into a corner, they just get so stupid.

Mike Papantonio:             Yeah.

Farron Cousins:                  They get so painfully stupid and that’s what we’re seeing come out of these guys right now. They don’t know what they’re doing. They got a huge pot of money. They’ve never seen money like that before. They got greedy, which is what always happens with these little popup groups.

Mike Papantonio:             Yeah.

Farron Cousins:                  And now they got busted.

Mike Papantonio:             Okay, well.

Mike Papantonio:             The US government wants to reevaluate our relationships with Saudi Arabia, but Wall Street, as you might imagine, has other ideas. So money has always been the attraction for scavenger, bottom feeders that never believe that some money is too expensive. There is never that question. Is some money too expensive? They’ve never asked themselves that. Pick this story up.

Farron Cousins:                  No, you’ve got the future investment initiative that actually took place, I think about a week ago in Saudi Arabia.

Mike Papantonio:             Yep.

Farron Cousins:                  You had, who went there? JP Morgan’s ceo, Jamie Dimon, Goldman Sachs ceo, David Solomon, Blackstone Group ceo, Stephen Schwarzman. And they all lined up and they said, hey, Saudi Arabia, we’re here. We know that you’re sitting on $620 billion that you want to invest. We would love to help you do it. We know that you have beheaded over 180 people this year, political prisoners, but we’re cool with that because you’ve got $620 billion.

Mike Papantonio:             Wait. They know that Saudi Arabia is responsible for murdering 3000 Americans on American soil. Happened right where these cats, where Mr. Dimon lives, where Mr. Solomon lives, where Mr. Schwarzman lives, happened right in their backyard. They, there’s unequivocal, unequivocal evidence that the Saudis were behind it more than any country in the world. But here’s the difference. Right now, there’s $1 trillion being pushed into fossil fuel by these same cats. Okay. So what happens when they push that money in for fossil fuel? What ends up happening is they, they, they, you’re gonna see a series of IPOs. Alright? IPOs is where these guys take their mega fees. You see, they take management fees that are incredible. The other part, the other part of it is, is they’re managing the portfolios. They’re managing trillions of dollars of portfolios for these Saudi prince types. They’re, they’re never gonna say, some money’s too expensive, are they?

Farron Cousins:                  No, absolutely not. And let’s also not forget, we’ve had some banks in the past doing business with Saudi Arabia. Things didn’t end so well for them.

Mike Papantonio:             Talk about it.

Farron Cousins:                  Because it turns out, oh, we were actually laundering money for terrorist organizations.

Mike Papantonio:             Yeah. We handled that case.

Farron Cousins:                  Yeah.

Mike Papantonio:             We’re handling that case right now where these same banks were involved, HSBC. Okay. They were laundering money from terror, for terrorists from Saudi Arabia. They knew they were from Saudi Arabia. They were laundering money. The money was ending up killing American soldiers, American contractors. We have, we can pin it down exactly. Dollar comes to the bank. That dollar we can trace exactly what the terrorist organization was that used it, down to where the bomb roadside bomb is. We have it down to that. They know that. The evidence, the Wall, but hey, has the DOJ done anything about it?

Farron Cousins:                  No, absolutely not. And that was Eric Holder decided, we don’t want to actually prosecute you for this. We’re just gonna make you pay back some of the profit. Not even all of the profit.

Mike Papantonio:             No, no. It was $1.6 billion. And, and they made a hundred billion dollars, 100. They signed a, a massive document that said, yeah, we were washing money for the Saudis. Yes, we knew it was being used for terrorism. Yes, we knew it was killing American soldiers and American contractors. Wall Street would bless this all day long. They would bless, if you, if you had a thousand Khashoggi’s, If you had 1000 Khashoggi’s, the bottom feeder punks on Wall Street would say, That’s absolutely okay. These three guys, Mr. Jamie Dimon, Mr. David Solomon, Mr. Stephen Schwarzman, that would be just fine As long as they can make a profit.

Farron Cousins:                  They, they would personally step over those corpses to go sign that deal.

Mike Papantonio:             That’s what they’re doing.

Farron Cousins:                  Yeah.

Mike Papantonio:             They’re absolutely stepping over corpses. These are the same people, understand Hitler, Hitler was, was buoyed up by these very same types while mass extinction was going on. While, while, you know, Hitler was at his very worst, they were involved in the process of money lending. So at what point do you say it’s, it’s, it’s irretrievable? It’s broken, it’s irreversible broken. And this is the best example. And Biden has no courage at all. He could step in, he could say, this is absurd. Stop it. He won’t do that because the Democratic party is making so much money from these very people.

Farron Cousins:                  Well, and what, what he needs to do, just so everybody’s aware that yes, he does have power, is declare they’re a state sponsor of terrorism. We know they are.

Mike Papantonio:             Yeah.

Farron Cousins:                  So slap the distinction on ’em. Make it illegal to do business with them. And you can stop this in it’s tracks.

Mike Papantonio:             Well, well, first of all that, you understand, that’s been put on the table.

Farron Cousins:                  Oh, multiple times.

Mike Papantonio:             It’s been put on the table. Why are we treating these, these, these thugs, these Saudi Arabian thugs, these prince who I call a mutt, why are we treating them any different from any other terrorist? Because the weapons industry, they want us to, because the, the energy industry, they want us to, because the Democrats and Republican want us to, because they’re getting so much money. So now they’re, they own this country. I mean, they’re already so invested in this country. I don’t think we can ever reverse that. But the point is this, they, these folks that I just named, maybe we’ll have a picture up on in this, in this segment, these folks are stepping over corpses of, of American citizens. 3000 that were murdered by the very people that they’re so anxious to make money from.

Farron Cousins:                  Yeah.

Mike Papantonio is an American attorney and television and radio talk show host. He is past president of The National Trial Lawyers, the most prestigious trial lawyer association in America; and is one of the few living attorneys inducted into the Trial Lawyer Hall of Fame. He hosts the international television show "America's Lawyer"; and co-hosts Ring of Fire Radio, a nationally syndicated weekly radio program, with Robert F. Kennedy, Jr. and Sam Seder.