fix articles 1322, banks
Rethinking Economic Policy! (tags)
The economic crisis calls for social-democratic answers. The fading mass purchasing power (in Germany) is due to the increasing inequality of income and wealth. Deregulation promotes social problems like precariousness and greater income inequality.
Democracy and the Uncanny Power of Money (tags)
Growing inequality is the greatest political problem of our time. Governments are often only actors or puppets of an anonymous regime for the benefit of the privileged where the interests of simple people do not count.
Causes of Great Problems Faded Out in Elections (tags)
Elections today have one thing in common: they don't change anything. Pseudo-battles dominate in which the actors are intensely focused on evading the burning questions and diverting the electorate from the real causes of problems..
Bernie Sanders' Socialist America (tags)
Bernie believes there has been a corporate takeover of American democracy, and this is where he returns to the idea of political revolution. In nearly every speech he makes this clarion call, ...neither he nor any other politician can make the necessary changes alone.
Janet Yellen's Storytime (tags)
The US economy is not picking up speed, wages are not rising and the situation on the labor market has not improved... The world economy did not get going again after the greatest wealth redistribution in the history of humanity.
"Who is saving Whom?" (tags)
"Who is saving Whom?" shows what remains hidden. A tremendous redistribution from the bottom to the top.. Rescuing is taking place, for the 99% however there is no sign of a rescue.
Wall Street Rally: Hold the Cheers (tags)
Misguided Calls for More QE (tags)
Deepening Greek Depression (tags)
ECB May Deny Greek Banks More Emergency Funding (tags)
Scare-mongering Greeks to Vote "Yes" on Sunday (tags)
Greece Declares Bank Holiday, Capital Controls Imposed (tags)
Troika Intends Starving Greece Into Submission (tags)
FIFA Scandal Highlights Corruption in Global Financial System ;US Banks Named Too (tags)
FIFA, Money Laundering,World Cup, Jubilee USA Network
Russia Blamed, US Taxpayers on the Hook, as Fracking Boom Collapses (tags)
Ben Ptashnik is a former state senator from Vermont.
Economics is Onesided and Reactionary (tags)
The homo oeconomicus cannot be our hope and is not desirable or future-friendly. The economic benefits to the capitalist entrepreneur are in contradiction to nature and to the person..We face completely oversized financial markets that have uncoupled from the real economy creating value.
US Spending Bill Bonanza for Wall Street (tags)
Fed Ends QE (tags)
2008 Redux? (tags)
Banks and Investors Challenge Predatory Funds Solutions Fall Short of Comprehensive Prot (tags)
The International Capital Market Association (ICMA), a group of banks and investors, released a new debt framework this morning aimed at reducing the ability of predatory funds and holdout investors to undermine debt restructuring. The plan was created after meetings convened by the US Treasury Department in the wake of Greece's debt restructuring and comes in the aftermath of the landmark debt case between Argentina and NML Capital.
Southern California Mothers Fight Back Against Foreclosures for Mothers’ Day 2014 (tags)
On Mothers’ Day weekend, Los Angeles families rallied outside Wells Fargo bank to bring attention to the greed and corruption of the banks that continue to fraudulently foreclose on families across the nation.
Occupy Fights Foreclosures and Dance Against Banks protest Wells Fargo and Bank of America (tags)
Citizens outraged over bank crimes, fraud-closures, and on-going corruption rallied outside Wells Fargo and Bank of America in Los Anbgeles on May 1, 2014 for #MayDay2014 #StopWellsFargo #DanceAgainstBanks #opDAB.
Banks and the New "Too Big to Jail" Doctrine (tags)
Eric Toussaint,is a historian and political scientist. He is the President of CADTM Belgium, and sits on the Scientific Council of ATTAC France. He is the co-author, with Damien Millet of Debt, the IMF, and the World Bank: Sixty Questions, Sixty Answers, and the author of many essays including entitled "The Trial ofanExemplary Man"
Heiner Flassbeck on the US Budget Conflict (tags)
The current ceiling of $16.7 trillion will be reached on October 17. If the political camps cannot agree on a new upper limit, the largest economy of the world will be insolvent – with possibly disastrous consequences for the world economy. This October 2013 interview is translated from German
Addicted to Liquidity Injections (tags)
Bernanke's announcing of lower monthly printing of money was enough to make stock exchanges collapse in many threshold countries. The monetary policy of printing money and zero interest is caught in a vicious circle. Liquidity glut generates credit growth.
VIDEO: Bill Moyers' "Going to Jail for Protesting" (tags)
“Lobbyists have spent years making sure these loopholes are put into the tax code.” -@NYTimes' Gretchen Morgenson http://ow.ly/lnEI1 “Corporations have a role to play in our economy, but don't have a role to play in our government.” -@dechristopher http://ow.ly/lnEz2
Creative Destruction (tags)
The exodus from the casino capitalism producing ever faster and ever deeper crises cannot succeed without a broad and powerful democratic base. Parliamentary democracy is urged to finally take up the struggle around the primacy of politics
Are Reforms of the Financial Sector Enough? (tags)
This article focuses on seven errors and seven remedies of the financial crisis. The financial crisis was also a crisis of easy money. For years and again today, speculators exploited the situation that money was and is very easy to borrow in the US and Japan.
Depositor Haircuts: The New Normal (tags)
Cancellation of Illegitmate Debts Instead of Bailout Umbrellas for Financiers (tags)
The inflation of public indebtedness was an essential element for the enhanced power of financial capital. That inflation was a result of a conscious under-financing of the state and is a lever to enforce an austerity policy. Financialization intensified the pressure to precariousness.
Occupy Fights Foreclosure Protests $10 billion Settlement (tags)
Occupy Fights Foreclosure openly denounces the $10 billion settlement
Rose Parade Completed by Occupy Fights Foreclosure Float (tags)
Occupy Fights Foreclosure group started the year 2013 by marching and chanting at the annual Rose Parade in Pasadena.
Hernandez Family Foreclosure Sparks Anti-Eviction Outrage (tags)
Fuerza Hernandez evicted today with promises of continuing resistance.
Debt Tribunal and Green Socialism (tags)
Qualitative growth, breaking out of the box of quantitative growth, is the key to solving mass unemployment, environmental destruction and trade imbalance. A job in education costs 1/10 what a job in a chemical dye plant costs. The media is part of a system that refuses change.
The Banks Should Serve the Real Economy (tags)
Democracy, risk and liability are turned upside down when trillions bailout the banks and workers, unemployed and pensioners must pay the bill! We live from those who say No to trivialization of crisis, to the state being reduced to a trough or errand boy for the banks (Bill Moyers). The economy should be a part of life, not a steamroller crushing creativity.
USA Laws Butchering Banks and Causing Murder, See San Bruno, See FDIC Act of 1991 (tags)
The USA government has gone into full butcher mode with murders galore in the San Francisco Bay area to vouch for mayhem caused by change in banking laws. A sort of Wal-Mart of Banking Laws in 1999 and 1991 allowing banks such as Wachovia to Be Buthchered.
Group of Six shutdown Wells Fargo (tags)
April 10th was a warm sunny Tuesday and exceptionally busy in downtown riverside. Walking through the main st. mall adjacent to the mission inn with men and woman in suits meeting for business lunches all seemed to be normal. However Refund California Coalition an economic justice organization, paired with group of UCR students and Occupy Riverside organizers, began to setup signs and a microphone with the Gandhi statue overlooking. People in the mall began to turn their heads in curiosity, the conversation had started.
Support The Davis Dozen! Drop All Charges! (tags)
The “Banker's Dozen” were served with arrest notices one month after the U.S. Bank on UC Davis campus closed its doors for good, following weeks of protests against the university's privatization, its collusion with corporate profiteers, and the banks' role in increasing student costs and student debt. Twelve people are now threatened with 11 years each in jail and one million dollars in fines for a conspiracy to sit down. Privatization and austerity continue, more unpopular than ever. The university's policy of criminalizing dissent to protect and impose its policies continues, as it must in the face of increasing resistance.
Duplicitous Mortgage Settlement Deal (tags)
Press Release for Monday Occupy Meeting with Wells Fargo Execs (3-5:30pm) (tags)
WHO: Occupy Activists in LA, Wells Fargo Executives, and Community Leaders WHAT: An unprecedented meeting between Bankers and Occupy Protesters WHEN: Monday, February 6, 2012 from 3pm-5pm; Press Conference at 5:30pm WHERE: Center of Nonprofit Management at California Endowment Building 1000 N. Alameda, L.A.
On Protest and the "Occupy"-Movement (tags)
National economies are now subject to the pressures of this supra-national financial "market" and to the institutions helpful to this market like the IMF and the European Central Bank. "Bailout umbrellas" at the expense of the common taxpayer are opened up.
Against All Rules (tags)
The core of all western-individualist ideas of justice is the principle of personal responsibility. Everyone is responsible for the consequences of his/her actions. This motivates as well as disciplines. "We punish the virtuous and reward the squanderers."
The Worthless Value System of the Financial Branch (tags)
The Nobel Prize winner Milton Friedman wrote: "In a free economic system, there is only a single responsibility for the actors. Businesses must be carried out for the greatest possible profitability." To believers in the self-healing market, questions about guilt, humility and pangs of conscience must sound like questions from another world.
Learning from Roosevelt (tags)
Harry Hopkins, head of WPA under Roosevelt, created 4 million jobs in 2 months. How many jobs in health care, education, bridge repair, community centers and journalism could be created today? Solutions are not lacking, only political will. Viva sharing and redistribution!
Debts? Whose Debts? and Keith Olbermann (tags)
Truth is inwardness and must well up in everyone. Life is full of supernova explosions, a universe of possibilities where stars remain invisible until they find their partner star. "We keep the madness going that we call the economy when we do nothing against business as usual."
Occupy Los Angeles Marches for Bank Transfer Day (tags)
Diversified, Angry , Nonviolent. PhotoSet 3 of 3
Occupy Los Angeles Marches for Bank Transfer Day (tags)
Diversified, Angry , Nonviolent. Photo Set 2 of 3
Occupy Los Angeles Marches for Bank Transfer Day (tags)
Diversified, Angry , Nonviolent. PhotoSet 1 of 3
Unify for Occupy Oakland (tags)
To build the 99%, we must find unity across the economic and social strata, or the Occupation movement will be correctly derided as a quasi-elitist middle class project.
When Financial Management Paralyzes Democracy (tags)
The 2010 Attac Bank Tribunal in Berlin was a civil society legal proceeding that decried the speculative business model: take excessive risks and burden taxpayers with the costs. Rating agencies should be public. Banks that are too big to fail are too big to exist and should be broken up
Critique of Marianne Williamson at Occupy LA (tags)
A critique of a small part of Williamson's speech regarding capitalism.
Learning Nothing in 80 Years (tags)
The crisis began in the US where the government became heavily indebted after September 11, 2001 in the war against terror and where property owners, banks and hedge funds long lived openly on credit. The German government was laughed at when it prohibited short-selling in 2010
PRESS RELEASE/UPDATE: Homeowners Fight Back (tags)
FOR IMMEDIATE RELEASE Reclaiming the "American Dream" As the foreclosure and housing crisis continues to take a toll on families across America, homeowners are now sharing their experiences and arming themselves with information and resources to help those who are facing a difficult time in keeping their homes.
An Expansion of Terms Used in the Coffee Party Article by RP (tags)
I apologize for the weak structure in this article. I was hoping to write something that explained some of the material in the story, but ended up going a bit afield with the information. This article attempts to be neutral and nonpartisan, or at least not shrill, and avoids too much analysis. The nature of the Great Recession is difficult to sum up in a few pages, because it's a failure of a complex system with many parts, and many related behaviors, that led to the near-collapse of capitalism.
Weekly Demonstration Against Sleazy Banks (tags)
“We were trying to figure out a way to get The People interested in supporting the financial reform effort. We thought the main reason why people weren't talking about it was because they thought it had nothing to do with them or their daily lives. That's why we chose a focus on the foreclosure crisis--the economic collapse was caused by banks and financial institutions gambling on mortgages via Wall Street. . . ." -- Heather Meyer, organizer
Seven Reasons Why the Economy Can't Recover (tags)
As the recession grinds on, politicians in most industrial countries have an incentive to make exaggerated claims about the supposed coming economic recovery. Some say the recession is over. Obama is in the group that claims we're on "the road to recovery,” while other nations can only spot recovery "on the horizon.” Below are seven important social phenomena that point to a more realistic economic and political outlook. 1) Central Banks are Dumbfounded. The usual tricks that U.S. and European central banks use to avoid recessions are long-exhausted. Interest rates cannot get any lower. And because cheap money wasn't working, the printing press was turned up a notch, into what the U.S. federal reserve calls quantitative easing -- injecting hundreds of billions of dollars into the world economy, escalating an emerging trade war.
Emergency Brake for Speculators (tags)
The private indebtedness brought about by unscrupulous financial managers mainly in the US was almost completely transferred to state budgets.
GENTRIFICATION: IS IT URBAN RENEWAL OR URBAN REMOVAL (tags)
et city leaders, banks, and big developers know that we will not be forced out of our neighborhoods! With massive tax breaks and generous loans granted by big banks and the city administration, big developers are pushing forward in their attempt to remove poor and working families from the vibrant and colorful neighborhoods around Los Angeles. Signs of gentrification are everywhere. Rents are increased to drive families out of their homes, to be replaced with luxury apartments. Big national mega-stores are replacing local mom and papa businesses. As residents are forced out, stable communities are torn apart. Immigrant working families, who have lived and worked here for generations, are being pushed out by a profit-driven campaign of racist gentrification
The Zombies Play On (tags)
"Tim Geithner made clear the US government does not plan any breach with disaster capitalism....No wonder Wall Street cheers. New life is breathed into speculation at state expense with junk securities.."
REFUSE TO PAY YOUR CREDIT CARD BILL??? (tags)
The banks have had all the rights and all the "Bailouts" up to this point - now its time for the American public to clearly and unmistakably demand their rights!!!
Reviewing Ellen Brown's "Web of Debt:" Part IV (tags)
Federal Reserve plunder Part IV
Banks Get a Bailing Grade (tags)
The average person is incensed over pyramid-king Bernie Madoff, CEO bonuses, lavish executive junkets and the diamond-studded safety nets gifted big business. But public outrage is deficient in the realm I call banking’s black hole of incompetence, a bureaucratic void which seems to suck intelligence, ability and reason from bank employees
Protest sweeps Europe (tags)
France Jan 29, 2009. Public and private workers mount a one-day strike with mass support. Schools, courts and transportation shut down in several cities. This article is from: Freedom Socialist Vol30 No2 April-May 2009.
Summitry and Punditry (tags)
The truth is, none of the 20 leaders gathered in London has the slightest idea how to 'solve' the economic problems facing the globe....this is a crisis endemic to capitalism, where markets swallow markets and wealth is made by con games that would make the Mafia blush, by the biggest banks on earth. The latest economic summit was PR, amidst the flames of chaos.
Bail Out People, Not Banks: Protesters Picket Bank of America Downtown Corporate Building (tags)
LOS ANGELES, April 3, 2009 – Demonstrators staged a protest outside Bank of America’s downtown office building on Friday calling for an end to bank bailouts and foreclosures and evictions.
Resisting Foreclosure and Eviction: June Reyno, Fighting Back to Save Her Home (tags)
June Reyno who has lived in her home for the last 20 years could be facing eviction by San Diego County Sheriffs tomorrow morning. June is a victim of the predatory lending practice of banks. Duped into a refinance deal, which striped all the equity from her house, June is one of millions across the nations who are on the verge of losing their home.
Financial Injections Ensure the Assets of the Rich (tags)
The money must be taken from those who profited from the past financial system. Thus a tax reform must be on the agenda. A state investment program is also urgently necessary. The past growth model of global capitalism is in a structural crisis. A new economy is beyond profit.
Fed Defies Transparency On Bailout Monies: Refuses to Disclose (tags)
By Mark Pittman, Bob Ivry and Alison Fitzgerald Nov. 10 (Bloomberg) -- The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral.
The White House Ghost (tags)
The President of the United States, George Bush, enters today his last 100 days in power overshadowed by very high unpopularity rates and one of the worst economic crises in recent decades.
The October Surprise - Global Panic (tags)
It's not over.
STOP THE WALL STREET FALSE “NATIONALIZATION” BAILOUT OF FAILED BANKS! (tags)
The working people must fight the new capitalist Wall Street scheme to rip off even more of their tax money and bail out Wall Street further with U.S. government purchase of preferred stocks without voting rights of failed Wall Street banks.
Dollar is over, says Carlos Lessa (tags)
To Lessa, "dollar is over" and it’s necessary that a new "Bretton Woods" establishes new parameters to global economy.
No to the Bailout of the Capitalist Speculators! (tags)
The financial crisis that has been heating up since early 2007 reached the boiling point in late September. Credit markets virtually stopped functioning. A full-blown panic swept stock markets worldwide. The U.S. economy is in the throes of a recession that could turn into a Depression lasting for years. In these dire straits, the Wall Street speculators who set off this crisis are demanding that the government rescue them with a bailout priced at $700 billion. The actual costs will be far higher, a trillion dollars or more. Meanwhile, the Democrats are pushing hardest for the Bush bailout of the banks. Presidential candidate Barack Obama blames "greed" for the crisis on Wall Street (capitalism without greed?) and says there must be no "blank check to Washington" -- meaning he's for putting in a few conditions as window dressing. Following in the Democrats' footsteps, the AFL-CIO labor bureaucrats called a demo for "No Blank Check for Wall Street." Yet no amount of regulation will stop the boom-bust cycle of capitalism. Meanwhile unemployment lines are growing and a million families were thrown out of their homes by bank foreclosures in the last year. While the fat cats, Democrats and bureaucrats are all going for the Bush bailout to prop up U.S. capitalism, revolutionary Marxists oppose this trillion-dollar giveaway to the Wall Street speculators, calling instead for a program of transitional demands leading to the expropriation of the banks and the entire bourgeoisie through workers revolution.
Foreclosures Protested (tags)
More than 60 labor and community activists protested at the downtown L.A. Federal Building against foreclosures. Organizers demand a two-year moratorium on the repossession of homes by banks and mortgage companies.
Global Economic Meltdown (tags)
Financial Instability is Leading to an Economic Catastrophe
The Asian Crisis of 1997-1998: Deregulation (tags)
Enormous capital streamed in short-term monetary investments that could dissolve at any time, not in lasting direct investments. Higher stock prices and home prices fueled the credit boom. Deregulated finance markets are everything but efficient.
F. William Engdahl's "A Century of War" - Part II (tags)
Part II of this epic book.
The Subprime Tsunami Reaches the EU (tags)
Subprime mortgage credits in the US should not have been issued. Nevertheless subprime credits were extended in the volume of $1.3 trillion. An avalanche of expropriation roars in the valley. The banking crisis spills over into the credit system in the real economy.
Real Estate Crisis in the US (tags)
Credit failures in the real estate business threaten the whole payment system between banks, private businesses and households handled through short-term credits..The US real estate crisis affects other economic sectors and countries and cal also lead to a shift in class relations.
Why are cops always right? They got guns and badges!! (tags)
Tempe cop Sgt. Chuck Schoville tells us why cops are always right on a Tempe government propaganda TV channel Tempe StreetBeat - “You know why you say I’m right? Because I’ve got a gun and a badge. I’m always right.” Finally the cops admit something most of us know!
Anger with the Establishment: Jean Ziegler (tags)
Free trade is like heavyweight champion Mike Tyson climbing in the boxing ring against a half-starved unemployed from northeast Brazil..Without social justice, the republic is worthless..The world order of globalized pre-datory capitalism seems like cruel absurdity
No Cancer Tumor Goes To Waste! (tags)
cancer as weapon in the ussa...
DIRTY SECRETS OF THE TEMPLE (tags)
HOW THE US FEDERAL RESERVE HAS ABUSED THE PUBLIC SINCE INCEPTION
DIRTY SECRETS OF THE TEMPLE (tags)
AN ACCOUNT OF HOW THE US FEDERAL RESERVE HAS ABUSED THE PUBLIC SINCE INCEPTION
The Iranian Oil Bourse (tags)
The denomination of oil sales is a pyure transaction affair.. In the present situation, the oil bourse represents a symbolic manifestation of Iran's desire to be less dependent on a US-dominated dollar-world.
The Federal Reserve is Privately owned (tags)
The secret to enslaving a nation.
An Interview with a Poet Against the War, Chase Twichell (tags)
Poetry's not window cleaning. It breaks the glass." Chase Twichell
globalisation means war (tags)
The global Swiss banking syndicate that is backing the war effort
International Campaign to free Max Ntanyana I (tags)
Banks, ANC, government, water multinationals are trying to silence anti-eviction, anti-privatisation activist and union shopsteward Max Ntanyana for a very long time. This morning he was denied bail on a bogus excuse!
A Phone call to the Fed... (tags)
How many Americans know about the scam called the FED?? Not enough!