Tag Archives: wall street

The Wall Street Disease

The Immediate Problem

One change we will have to make is the classification of a new, but old mental disorder that has spread within the banking community on Wall Street and now around the world. It is called excessive greed, it is a disease.

This disease stems from what once was recognized in scientific circles as extreme antipathy and falls under the modern category of a compulsion – like an addiction to gambling, or the urge to pull out one’s own hair – this disease effects people differently, it is either external or internal.

We all suffer from this condition to some extent, but like heavy drinking or jumping off a cliff most of us have our stop measures intact; we know when to quit.

Some people don’t. It’s apparent that the smartest guys on Wall Street don’t know when to stop and they have proven this time and time again.

However, I believe the condition “excessive greed” is too common a term as a description for such a devastating disease – I suggest, acute gula avaritia – (extreme gluttony and avarice) and further, rank the extent of this compulsion by degrees.

Of course, many compulsion are often accompanied by other maladies, if you suffer from acute gula avaritia you are most likely to also suffer from superbia – a.k.a. hubris – the common and most popular term for this malady is known as bullying.
.

- acute ire gula avaritia -

.

Again, this compulsion also ranks in matters of degrees. In extreme cases a person suffering from a combination of these two compulsions will go to excessive measures to hide their disease – they become very secretive and will go to great lengths to cover their tracks. Of course, this mask or behavior only deceives those who do not understand the signs of the disease, and there are those who clearly see the symptoms, but do not know what the disease is called.

However, there is a light at the end of the tunnel – there is a cure and it is simple and very cost effective; although it may take years or a life time, like any addiction, for the patient to overcome or control acute ire gula avaritia. This treatment or practice the consumed must adhere to is called, empatheia a.k.a. empathy.

When more science blogs and psychologist focus their writings on this diseases, when they publish, with fanfare, the conclusive data we have so far, when every day people learn the language and are educated enough to recognize and spot a loved one who suffers from this malady we could have acute ire gula avaritia under control in no time.

Catch it now, before it becomes an epidemic.

Some well know and highly respected victims of this devastating disease

In the meantime, and in keeping with the simplicity popular culture demands (that’s another topic) I find that it is best to call this malady in a recognizable term that people throughout the world will understand, The Wall Street Disease.
.
.
.
.
.
.
.
.
.
.
.

.

.

.
.
.
.


.
.
.
.

Leave a comment

Filed under #OWS, blog, Business, education, Health, Justice, Media, News, Politics, psychology, Science and Technology, secession, Social Epistemology, Spread It!, Vigilance

#occupywallstreet – what’s next?

Empowerment is right around the corner – all you got to do is want it.

“The American People can have anything they want, trouble is, they don’t want much of anything” -Eugene Debs

One Option – take a good chunk of the protesters around the country and walk into a state – filibusterer!

Change its government, enact the rule of law, fund small business, create affordable housing, universal health care, barter, fund education and good citizenship, finally stop the banking theft – close the banks, develop a stable currency, create an open source government; transparent.

Become the role model for the nation – you have to build it, and if you build it they will come.

Note: The revolution does not come to you, you must go to the revolution.
“The most heroic word in all languages is revolution.”

Suggestions: Liberals should head to Vermont – Libertarians to New Hampshire

simplicity, simplicity, simplicity
free state project

.
.
Direct Democracy – Sen. Michael Graval about 13:00 in

.
.

become settlers – how do you think the US won the west?
people showed up – become a settler
.
.
“Freedom is participation in power.” ― Marcus Tullius Cicero.
.
.
what we have now is dangerous

.
.


.
.
.
who controls your life?

.
.
be an unreasonable person
.
.

Leave a comment

Filed under Business, Congress, Great Ideas, Health, Justice, Politics, Video

Congress Insider Trading

Martha Stewart went to jail for it. Hedge fund honcho Raj Rajaratnam was fined $92 million and will go to jail for years for it. But members of Congress can do the same thing -use non-public information to make stock trades — and there’s no law against it. Steve Kroft reports on how America’s lawmakers can legally make tidy profits on information only they know, simply because they won’t pass a law against themselves. The report will be broadcast on Sunday, Nov. 13 at 7 p.m. ET/PT.

Among the revelations in Kroft’s report:

* Members of Congress have bought stock in companies while laws that could affect those companies were being debated in the House or Senate.

* At least one representative made significant stock purchases the day after he and other members of Congress attended a secret meeting in September 2008, where the Fed chair and the treasury secretary informed them of the imminent global economic meltdown. The meeting was so confidential that cell phones and other digital devices were confiscated before it began.

If senators and representatives are using non-public information to win in the market, it’s all legal says Peter Schweizer, who works for the Hoover Institute, a conservative think tank. He has been examining these issues for some time and has written about them in a book, “Throw them All Out.” “[Insider trading laws] apply to corporate executives, to Americans…If you are a member of Congress, those laws are deemed not to apply,” he tells Kroft. “It’s really the way the rules have been defined…[lawmakers]have conveniently written them in such a way as they don’t apply to themselves,” says Schweizer.

Efforts to make such insider trading off limits to Washington’s lawmakers have never been able to get traction.

Former Rep. Brian Baird says he spent half of his 12 years in Congress trying to get co-sponsors for a bill that would ban insider trading in Congress and also set some rules up to govern conflicts of interest. In 2004, he and Rep. Louise Slaughter introduced the “Stock Act” to stop the insider trading. How far did they get? “We didn’t get anywhere. Just flat died,” he tells Kroft. He managed to get just six co-sponsors from a membership of over 400 representatives. “It doesn’t sound like a lot,” says Kroft. “It’s not Steve. You could have Cherry Pie Week and get 100 co-sponsors,” says Baird.
article

The MF Global Scandal

Life Inc

Are you an Assembly-Mind Worker?
If you support Obama or Romney you are.
What is an AMW? A corporatist, someone who conducts their day and life like a business. One who accepts the values of the corporation, a disconnected from human beings. Treats others like employees rather than citizens, regards their betters by the size of their bank account or investments. Some predominate Assembly-Mind corporatist are Bill Gate, Warren Buffett, Donald Trump, George Bush and Barack Obama.

Leave a comment

Filed under Business, Congress, debt, education, Justice, obama, Politics, Spread It!

Occupy Wall $treet

.
.
.

.
.

.
.
.
.
.

.
.
.

Leave a comment

Filed under Business, Congress, education, Great Ideas, Health, Justice, Media, News, Politics, Social Epistemology, Spread It!, War

austerity

awake

Fed’s Dudley Got Waiver to Keep AIG Holdings

.
.
fraud larceny theft
the potters picking up some bargains
don’t panic – stick together – SAY NO! To Austerity

Picture #1 – Under Bush
US Treasury Secretary Paulson (Goldman Sachs)
NY Federal Reserve President Geithner (IMF)
Federal Chairmen Bernanke

Picture #2 – Under Obama
US Treasury Secretary Geithner (NYFR & IMF)
NY Federal Reserve President Dudley (Goldman Sachs)
Federal Chairmen Bernanke

.
.
Ideas for Revolution
.
.
Hitmen Come home

.
.
.

Leave a comment

Filed under Art, Business, Congress, education, History, Justice, Music, News, obama, Politics, Video, Vigilance, War

The Crisis

Please listen and think.

The Government took our money out of the economy and gave it to the banks.

The banks are hoarding this money and giving themselves bonuses, gambling in more risky ventures, and finding ways to scam the consumer. We are in a state of moral hazard; no penalties for banks and politicians that commit crimes.

This hording of money  and their irresponsi­bility has cut the flow – liquidity – into the economy forcing you to drain your savings and pension just to survive.

The banks are cutting credit, they are squeezing business to cut back employees, make those who are left work harder and longer for less and forcing all of us to fall deeper and deeper in debt to them. This is eroding our standard of living and pointing us as a nation and people towards the direction of a 2nd and 3rd world economy. A sharp divide between the rich and the poor. A place where the middle-class can not survive.

Austerity is being forced upon the American people against their will.

This austerity is not your responsibi­lity.

Debt is not a crime, Foreclosur­e is not a crime, Bankruptcy is not a crime.

Fraud, Larceny and Theft are crimes. The FED, the Big Banks on Wall Street and the politician­s are committing crimes.

Until these banks and politician­s are stopped your future, all our futures will consist of endless chaos, poverty and debt.

Take action now – get loud!

These guys mean business and they are NEVER going to come around in your favor, you can bank on that.

Solution:
This system has to end. All the quantitati­ve easing and bank bailouts only maintain this corrupt system. It is keeping fraud alive.

The wealthy and the corrupt political powers bought and in charge have to fall. Their present debt, hidden by an Act of Congress, surpasses the world’s economy.

We have to close these banks and arrest the crooks.

We are being held hostage and will never free ourselves from the shackles of these banks until we put an end to them.

We can start over, history is proof.

1 Comment

Filed under Business, History, Justice, Politics, Take back Your Country, Vigilance

Senators Who Voted For Wall Street

The US Senate has rejected a proposal that would split up the six largest banks in an effort to ensure that large financial firms do not threaten the economy if they fail.

The measure, which failed by a vote of 33 to 61, would have placed hard limits on banks’ market share of insured deposits and limited the size of their non-deposit liabilities.

U.S. Senate Roll Call Votes 111th Congress – 2nd Session

as compiled through Senate LIS by the Senate Bill Clerk under the direction of the Secretary of the Senate

Vote Summary

Question: On the Amendment (Brown (OH) Amdt. No. 3733 )
Vote Number: 136 Vote Date: May 6, 2010, 08:47 PM
Required For Majority: 1/2 Vote Result: Amendment Rejected
Amendment Number: S.Amdt. 3733 to S.Amdt. 3739 to S. 3217 (Restoring American Financial Stability Act of 2010)
Statement of Purpose: To impose leverage and liability limits on bank holding companies and financial companies.
Vote Counts: YEAs 33
NAYs 61
Not Voting 6

.

.

Grouped By Vote Position
YEAs —35
Barrasso (R-WY)
Bingaman (D-NM)
Bond (R-MO)
Brownback (R-KS)
Burr (R-NC)
Cantwell (D-WA)
Chambliss (R-GA)
Coburn (R-OK)
Cochran (R-MS)
Collins (R-ME)
Corker (R-TN)
Cornyn (R-TX)
Crapo (R-ID)
Ensign (R-NV)
Enzi (R-WY)
Feingold (D-WI)
Grassley (R-IA)
Hatch (R-UT)
Hutchison (R-TX)
Inhofe (R-OK)
Kohl (D-WI)
Kyl (R-AZ)
Lincoln (D-AR)
McCain (R-AZ)
McConnell (R-KY)
Merkley (D-OR)
Murkowski (R-AK)
Risch (R-ID)
Roberts (R-KS)
Sessions (R-AL)
Shelby (R-AL)
Snowe (R-ME)
Thune (R-SD)
Wicker (R-MS)
Wyden (D-OR)
.

NAYs —59
Akaka (D-HI)
Alexander (R-TN)
Baucus (D-MT)
Bayh (D-IN)
Begich (D-AK)
Bennet (D-CO)
Boxer (D-CA)
Brown (D-OH)
Brown (R-MA)
Burris (D-IL)
Cardin (D-MD)
Carper (D-DE)
Casey (D-PA)
Conrad (D-ND)
Dodd (D-CT)
Dorgan (D-ND)
Durbin (D-IL)
Feinstein (D-CA)
Franken (D-MN)
Gillibrand (D-NY)
Graham (R-SC)
Gregg (R-NH)
Hagan (D-NC)
Harkin (D-IA)
Inouye (D-HI)
Isakson (R-GA)
Johanns (R-NE)
Johnson (D-SD)
Kaufman (D-DE)
Kerry (D-MA)
Klobuchar (D-MN)
Landrieu (D-LA)
Lautenberg (D-NJ)
LeMieux (R-FL)
Leahy (D-VT)
Levin (D-MI)
Lieberman (ID-CT)
McCaskill (D-MO)
Menendez (D-NJ)
Mikulski (D-MD)
Murray (D-WA)
Nelson (D-FL)
Nelson (D-NE)
Pryor (D-AR)
Reed (D-RI)
Reid (D-NV)
Rockefeller (D-WV)
Sanders (I-VT)
Schumer (D-NY)
Shaheen (D-NH)
Specter (D-PA)
Stabenow (D-MI)
Tester (D-MT)
Udall (D-CO)
Udall (D-NM)
Voinovich (R-OH)
Warner (D-VA)
Webb (D-VA)
Whitehouse (D-RI)
.

Not Voting – 6
Bennett (R-UT)
Bunning (R-KY)
Byrd (D-WV)
DeMint (R-SC)
Lugar (R-IN)
Vitter (R-LA)

.

.

.Alphabetical by Senator Name
Akaka (D-HI), Nay
Alexander (R-TN), Nay
Barrasso (R-WY), Nay
Baucus (D-MT), Nay
Bayh (D-IN), Nay
Begich (D-AK), Yea
Bennet (D-CO), Nay
Bennett (R-UT), Not Voting
Bingaman (D-NM), Yea
Bond (R-MO), Nay
Boxer (D-CA), Yea
Brown (D-OH), Yea
Brown (R-MA), Nay
Brownback (R-KS), Nay
Bunning (R-KY), Not Voting
Burr (R-NC), Nay
Burris (D-IL), Yea
Byrd (D-WV), Not Voting
Cantwell (D-WA), Yea
Cardin (D-MD), Yea
Carper (D-DE), Nay
Casey (D-PA), Yea
Chambliss (R-GA), Nay
Coburn (R-OK), Yea
Cochran (R-MS), Nay
Collins (R-ME), Nay
Conrad (D-ND), Nay
Corker (R-TN), Nay
Cornyn (R-TX), Nay
Crapo (R-ID), Nay
DeMint (R-SC), Not Voting
Dodd (D-CT), Nay
Dorgan (D-ND), Yea
Durbin (D-IL), Yea
Ensign (R-NV), Yea
Enzi (R-WY), Nay
Feingold (D-WI), Yea
Feinstein (D-CA), Nay
Franken (D-MN), Yea
Gillibrand (D-NY), Nay
Graham (R-SC), Nay
Grassley (R-IA), Nay
Gregg (R-NH), Nay
Hagan (D-NC), Nay
Harkin (D-IA), Yea
Hatch (R-UT), Nay
Hutchison (R-TX), Nay
Inhofe (R-OK), Nay
Inouye (D-HI), Nay
Isakson (R-GA), Nay
Johanns (R-NE), Nay
Johnson (D-SD), Nay
Kaufman (D-DE), Yea
Kerry (D-MA), Nay
Klobuchar (D-MN), Nay
Kohl (D-WI), Nay
Kyl (R-AZ), Nay
Landrieu (D-LA), Nay
Lautenberg (D-NJ), Nay
Leahy (D-VT), Yea
LeMieux (R-FL), Nay
Levin (D-MI), Yea
Lieberman (ID-CT), Nay
Lincoln (D-AR), Yea
Lugar (R-IN), Not Voting
McCain (R-AZ), Nay
McCaskill (D-MO), Nay
McConnell (R-KY), Nay
Menendez (D-NJ), Nay
Merkley (D-OR), Yea
Mikulski (D-MD), Yea
Murkowski (R-AK), Nay
Murray (D-WA), Yea
Nelson (D-FL), Nay
Nelson (D-NE), Nay
Pryor (D-AR), Yea
Reed (D-RI), Nay
Reid (D-NV), Yea
Risch (R-ID), Nay
Roberts (R-KS), Nay
Rockefeller (D-WV), Yea
Sanders (I-VT), Yea
Schumer (D-NY), Nay
Sessions (R-AL), Nay
Shaheen (D-NH), Nay
Shelby (R-AL), Yea
Snowe (R-ME), Nay
Specter (D-PA), Yea
Stabenow (D-MI), Yea
Tester (D-MT), Nay
Thune (R-SD), Nay
Udall (D-CO), Nay
Udall (D-NM), Yea
Vitter (R-LA), Not Voting
Voinovich (R-OH), Nay
Warner (D-VA), Nay
Webb (D-VA), Yea
Whitehouse (D-RI), Yea
Wicker (R-MS), Nay
Wyden (D-OR), Yea


…….

U.S. Senate Roll Call Votes 111th Congress – 2nd Session

as compiled through Senate LIS by the Senate Bill Clerk under the direction of the Secretary of the Senate

Vote Summary

Question: On the Amendment (Ensign Amdt. No. 3898 )
Vote Number: 135 Vote Date: May 6, 2010, 08:25 PM
Required For Majority: 1/2 Vote Result: Amendment Rejected
Amendment Number: S.Amdt. 3898 to S.Amdt. 3733 to S.Amdt. 3739 to S. 3217
Statement of Purpose: To amend the definition of the term “financial company” for purposes of limits on nondesposit liabilities.
Vote Counts: YEAs 35
NAYs 59
Not Voting 6

.

.

Grouped By Vote Position
YEAs —35
Barrasso (R-WY)
Bingaman (D-NM)
Bond (R-MO)
Brownback (R-KS)
Burr (R-NC)
Cantwell (D-WA)
Chambliss (R-GA)
Coburn (R-OK)
Cochran (R-MS)
Collins (R-ME)
Corker (R-TN)
Cornyn (R-TX)
Crapo (R-ID)
Ensign (R-NV)
Enzi (R-WY)
Feingold (D-WI)
Grassley (R-IA)
Hatch (R-UT)
Hutchison (R-TX)
Inhofe (R-OK)
Kohl (D-WI)
Kyl (R-AZ)
Lincoln (D-AR)
McCain (R-AZ)
McConnell (R-KY)
Merkley (D-OR)
Murkowski (R-AK)
Risch (R-ID)
Roberts (R-KS)
Sessions (R-AL)
Shelby (R-AL)
Snowe (R-ME)
Thune (R-SD)
Wicker (R-MS)
Wyden (D-OR)
.

NAYs —59
Akaka (D-HI)
Alexander (R-TN)
Baucus (D-MT)
Bayh (D-IN)
Begich (D-AK)
Bennet (D-CO)
Boxer (D-CA)
Brown (D-OH)
Brown (R-MA)
Burris (D-IL)
Cardin (D-MD)
Carper (D-DE)
Casey (D-PA)
Conrad (D-ND)
Dodd (D-CT)
Dorgan (D-ND)
Durbin (D-IL)
Feinstein (D-CA)
Franken (D-MN)
Gillibrand (D-NY)
Graham (R-SC)
Gregg (R-NH)
Hagan (D-NC)
Harkin (D-IA)
Inouye (D-HI)
Isakson (R-GA)
Johanns (R-NE)
Johnson (D-SD)
Kaufman (D-DE)
Kerry (D-MA)
Klobuchar (D-MN)
Landrieu (D-LA)
Lautenberg (D-NJ)
LeMieux (R-FL)
Leahy (D-VT)
Levin (D-MI)
Lieberman (ID-CT)
McCaskill (D-MO)
Menendez (D-NJ)
Mikulski (D-MD)
Murray (D-WA)
Nelson (D-FL)
Nelson (D-NE)
Pryor (D-AR)
Reed (D-RI)
Reid (D-NV)
Rockefeller (D-WV)
Sanders (I-VT)
Schumer (D-NY)
Shaheen (D-NH)
Specter (D-PA)
Stabenow (D-MI)
Tester (D-MT)
Udall (D-CO)
Udall (D-NM)
Voinovich (R-OH)
Warner (D-VA)
Webb (D-VA)
Whitehouse (D-RI)

Not Voting – 6
Bennett (R-UT)
Bunning (R-KY)
Byrd (D-WV)
DeMint (R-SC)
Lugar (R-IN)
Vitter (R-LA)

.

.

Alphabetical by Senator Name
Akaka (D-HI), Nay
Alexander (R-TN), Nay
Barrasso (R-WY), Yea
Baucus (D-MT), Nay
Bayh (D-IN), Nay
Begich (D-AK), Nay
Bennet (D-CO), Nay
Bennett (R-UT), Not Voting
Bingaman (D-NM), Yea
Bond (R-MO), Yea
Boxer (D-CA), Nay
Brown (D-OH), Nay
Brown (R-MA), Nay
Brownback (R-KS), Yea
Bunning (R-KY), Not Voting
Burr (R-NC), Yea
Burris (D-IL), Nay
Byrd (D-WV), Not Voting
Cantwell (D-WA), Yea
Cardin (D-MD), Nay
Carper (D-DE), Nay
Casey (D-PA), Nay
Chambliss (R-GA), Yea
Coburn (R-OK), Yea
Cochran (R-MS), Yea
Collins (R-ME), Yea
Conrad (D-ND), Nay
Corker (R-TN), Yea
Cornyn (R-TX), Yea
Crapo (R-ID), Yea
DeMint (R-SC), Not Voting
Dodd (D-CT), Nay
Dorgan (D-ND), Nay
Durbin (D-IL), Nay
Ensign (R-NV), Yea
Enzi (R-WY), Yea
Feingold (D-WI), Yea
Feinstein (D-CA), Nay
Franken (D-MN), Nay
Gillibrand (D-NY), Nay
Graham (R-SC), Nay
Grassley (R-IA), Yea
Gregg (R-NH), Nay
Hagan (D-NC), Nay
Harkin (D-IA), Nay
Hatch (R-UT), Yea
Hutchison (R-TX), Yea
Inhofe (R-OK), Yea
Inouye (D-HI), Nay
Isakson (R-GA), Nay
Johanns (R-NE), Nay
Johnson (D-SD), Nay
Kaufman (D-DE), Nay
Kerry (D-MA), Nay
Klobuchar (D-MN), Nay
Kohl (D-WI), Yea
Kyl (R-AZ), Yea
Landrieu (D-LA), Nay
Lautenberg (D-NJ), Nay
Leahy (D-VT), Nay
LeMieux (R-FL), Nay
Levin (D-MI), Nay
Lieberman (ID-CT), Nay
Lincoln (D-AR), Yea
Lugar (R-IN), Not Voting
McCain (R-AZ), Yea
McCaskill (D-MO), Nay
McConnell (R-KY), Yea
Menendez (D-NJ), Nay
Merkley (D-OR), Yea
Mikulski (D-MD), Nay
Murkowski (R-AK), Yea
Murray (D-WA), Nay
Nelson (D-FL), Nay
Nelson (D-NE), Nay
Pryor (D-AR), Nay
Reed (D-RI), Nay
Reid (D-NV), Nay
Risch (R-ID), Yea
Roberts (R-KS), Yea
Rockefeller (D-WV), Nay
Sanders (I-VT), Nay
Schumer (D-NY), Nay
Sessions (R-AL), Yea
Shaheen (D-NH), Nay
Shelby (R-AL), Yea
Snowe (R-ME), Yea
Specter (D-PA), Nay
Stabenow (D-MI), Nay
Tester (D-MT), Nay
Thune (R-SD), Yea
Udall (D-CO), Nay
Udall (D-NM), Nay
Vitter (R-LA), Not Voting
Voinovich (R-OH), Nay
Warner (D-VA), Nay
Webb (D-VA), Nay
Whitehouse (D-RI), Nay
Wicker (R-MS), Yea
Wyden (D-OR), Yea

Senators Opposing the SAFE Banking Act and How They Profit
via open secrets

Supporters:
Kaufman $0
Sherrod Brown $1,620,430
Casey $1,355,841
Harkin $2,534,445
Merkley $721,157
Sanders $181,095
Whitehouse $1,222,607
Durbin $3,055,424
Burris $4,900
Dorgan $1,455,834
Franken $1,022,598

Opponents:

Conrad  $2,507,437
Bill Nelson $3,213,078
Begich $412,637
Warner $2,632,766
Gregg $1,070,249
Grassley $2,605,399
Enzi $1,087,043
Sessions $2,158,535
Crapo $1,779,063
Ensign $2,589,370
Alexander $4,940,775

Also Visit  wall street watch

1 Comment

Filed under bad democrats, Business, Congress, History, Just Wrong, Media, News, Politics, Social Epistemology

The Banking Solution

Make those who made money off Wall Street give it all back.

405

2 Comments

Filed under Business, Congress, Media, News, Politics

Sick and Tired in America

Unemployment Union

Tired of the banks ripping you off bulldoze your home.

.
.


note text

Wall Street Banks and Lobbyists in collusion with our Federal Officials are destroying the nation.

Pushed to the brink people are coming up with creative, albeit some dangerous ways, to strike back.

There’s no reason that the richest most modern and prosperous country in the world should be supporting the wealthy elite and leave average Americans homeless, jobless, health careless along with a larger than 50% drop out rate in urban areas, thus turning the clocks back to an uneducated populace.

Greed is the only thing driving these Wall Street elitist who say they are doing God’s work. Power over the masses through indentured-servitude seems to be their goal.

Wall Street’s Bailout Hustle

Some have stood up and said, Enough!

The Debtors Revolt

The Murder Of Democracy

End The Fed

Freedom is Participation in Power

Engineering Poverty

Utter Fraud

US Indentured Slavery

Public Citizen
.
.
Sick and Tired… in Oz

how it works

casino capitalism

2 Comments

Filed under Business, Congress, General, News, Politics, Social Epistemology, Video

Public Citizen – Merry Christmas For You

This Christmas and New Years give yourself a gift – Your Country!
That’s right take it back!
Here’s the plea and how you can help.

Banks Bundled Bad Debt, Bet Against It and WonAre you Outraged yet?

Dear Friends,
In Japan, they know the meaning of shame. Citigroup does wrong in Japan, and the CEO is forced to make a public bow of apology. In the United States, when Citigroup does wrong, there’s no apology – just subsidies, bailouts and bonuses.

Indeed, one year after it crashed the global economy, drained people’s pensions and retirement savings, and threw millions out of work, Wall Street is back to business as usual – in Washington and Manhattan.

One group is leading the charge against Wall Street, issuing a clarion call to rein in the banksters. That group is Public Citizen.

.
.

442 days.

That’s how long it took after the collapse of Lehman Brothers before the House of Representatives passed some financial reform legislation.

It’s still pending in the Senate. The long delay between the onset of the financial crisis and Congressional movement toward passage of the Wall Street Reform and Consumer Protection Act of 2009 did not well serve the cause of reform.

.
.

First, the Good News.

Thanks in no small part to the work of Public Citizen, the bill would set up a consumer financial watchdog agency.

Wall Street said it wanted to “kill” – their words – the agency. Public Citizen was here to say, “no way.”

Public Citizen experts made the case for the agency and they went after Wall Street lackeys, like Representative Melissa Bean (D-Illinois), who tried, unsuccessfully, to defeat or weaken the agency beyond recognition.

If passed by the Senate, the agency will prevent predatory mortgages, rip-off overdraft fees, fine-print bank billing tricks and complicated loan terms designed to deceive.

But besides the consumer watchdog, which we hope will be headed by the magnificent Harvard Law Professor Elizabeth Warren, the bill will be little more than an annoyance to Wall Street.

That’s because the bill fails utterly to address the structural problems that led to the financial crisis. As the financial regulation debate moves to the Senate, no one is better positioned to fix these problems than Public Citizen.

.
.

Here the Public Citizen Plan.

Step one: Break up the banks. It’s that simple. The banks are too big to fail,  make them smaller, make sure that the commercial banks where you maintain your checking accounts are separated from the investment banks that gamble on Wall Street.

Step two: Crack down on derivatives, which Warren Buffett called “financial weapons of mass destruction.”
Ban exotic financial instruments that are too dangerous. Make purveyors of new derivatives prove they are safe and subject whatever is permitted to stringent controls.

Step three: Rein in executive pay and end Wall Street’s ruinous bonus culture.

Wall Street aims to pay tens of billions of dollars in bonuses – in the same year it has received trillions of dollars in public support.

Really?

YES!

Then slap a windfall tax on the bonuses. Public Citizen called for it, and the United Kingdom is now doing it. Washington can follow and the bonuses that are paid should only be a reward for long-term success by companies or divisions in companies.

.
.
The Purpose of Public Citizen

The idea behind Public Citizen has always been to create a base of talented advocates who could read convoluted legislation and regulations, translate technical language into everyday English and highlight corporate abuses; use the media to get the word out; petition, lobby, litigate and agitate; and mobilize the public around proposals to advance health, safety, justice and democracy. All to go toe-to-toe with corporate power and WIN.

For almost four decades, that’s what Public Citizen has done. Like no one else in Washington. Now they are ready to take on Wall Street and WIN!

You can count on Public Citizen to name names. They will connect Wall Street campaign contributions to their Congressional allies’ fake solutions. They will lay out a hard-hitting agenda to reduce Wall Street’s power and with your help they will organize the populist rage needed to impose new rules on Wall Street.

With the House of Representatives finally passing its financial reform bill earlier this month, the whole legislative package moves to the Senate. Where it will very quickly move to the front burner in early 2010. There’s no time to delay.

Together, we do have the power to defeat the corruption on Wall Street.

.
.
I urge you to make a contribution before the end of the year to support Public Citizen’s Campaign to help in Wall Street.

Please make your contribution of $25, $50, $100, $500 – or whatever you can afford, even if it is One Single Dollar.

Contribute before midnight, December 31, and your gift will be matched dollar-for-dollar by a small group of committed Public Citizen donors – up to $100,000! Please help Public Citizen reach this target.

Most of all help spread the word.

Help take your country back.

Every Effort Does Make a Difference.

Onward to Justice!

.

.

.

Links To and About the Financial Crisis
US Indentured Slavery

S-604 Federal Reserve Aunshine Act of 2009

Utter Fraud

Financial Suicide Bombers

2 Comments

Filed under Business, Congress, Great Ideas, Justice, nader, News, obama, Politics, Social Epistemology, Spread It!, Take back Your Country

Financial Suicide Bombers

Wait for it…

MORE
US Indentured Slavery

Utter Fraud

Blankfein ‘I’m doing ‘God’s work’

Wall Street Front Running Goldman Code

Goldman Sachs  – No Health Care Reform is Best

Goldman Sachs Abandons Kittens (really)
Goldman proves once again that they will makes promises they never intend to keep. They will exploit and take advantage of even the weakest of creatures to fill their coffers.

Up to date News On Goldman Sachs goldmansachs666

….

Quotes From  Lloyd Blankfein and on  Goldman Sachs

“I know I could slit my wrists and people would cheer,” CEO Lloyd Blankfein told reporter John Arlidge.

On Goldman Sachs they are “a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money” Matt Taibbi

“And as far as doing God’s work, I think the bankers who took government money and then gave out obscene bonuses are the same self-interested sorts Jesus threw out of the temple.” -Maureen Dowd

From SNL Really with Seth and Amy “Can you not read how mad people are at you? When most people saw the headline ‘GOLDMAN SACHS GETS SWINE FLU VACCINE’ they were super happy until they read the word ‘vaccine.'” -Amy Poehler

More Max Keiser

$23 Trillion

Doom Loop

The Bitch Is Back
2009’s most influential author is a mirthless Russian-American who loves money, hates God, and swings a gigantic dick. She died in 1982, but her spawn soldier on. And the Great Recession is all their fault

2 Comments

Filed under Business, Congress, News, Politics

Utter Fraud!

Visit
Goldman Scahs Are Scum!

.

US Indentured Slavery

Max Keiser & Max Keiser TV

have anything special to add, leave a comment with the URL…

update

Financial Suicide Bombers
Say no to the Banks

Financial Terrorist Cards in process
.
.
.

Clickables

indentured servitude rc changecongress suebush consumer watchdog insurection bnflogo

.
.
.
.

poster

tw

bumper sticker

twbumper

.


Matt Taibi on Goldman Sachs
“a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.”

5 Comments

Filed under Business, Congress, History, Justice, Media, News, obama, Politics, Spread It!

You’ve Got The Power

here’s a few tips

more about “You’ve Got The Power“, posted with

some suggestions
switch banks – join a credit union – as the big banks raise their rate upwards to 30% on credit cards you can find some great rates at a credit union – most hover around 6% and 8%. If you’re credit isn’t so great you can find a rate around 13%. better than double that to the big banks – remember you are shelling out interest and fees right into the pockets of these crooked thieving CEOs. Why not pay yourself instead? There are no CEOs and wasteful connected crooked board members to deal with at a credit union – the people who work at these institutions are part owners, when you join you also become part owner. Everyone is watching out for each other. You also gain at the end of the year – instead of bonuses going to people who use hard sell tactic to unsuspecting and naive consumers you gain honest money because everyone is watching each other. You split the profits and share the wealth. You can also attend the open meetings where decision are made and you get to have your say, speak up or get educated on finance. No one is out to stomp on anyone to get ahead at a credit union. It’s a civilized business, but you have to take the first step. You Got The Power!

Stop buying products Made in China. Yes, it’s tough, we’ve lost so many of our jobs to China, there are so many of their products you think they owned the stores we shop in, but make an effort, try and find products made in America or at least in a democratic nation, not a communist nation that treats it’s people like chattel, your purchase encourages only bad behavior in their government. I found socks today actually made in the USA the cost compared to the one’s made in China .49 more and they were better made. Worth it! You Got The Power!

Stop shopping at box stores, I know this is tough, but if you have no choice ask to speak to the manager, then ask him or her where they keep the product made in the USA. If they hear those words enough they will make their way up the food chain. Remember business wants to sell to the demand not leave stock sitting on the floor. You Have The Power!

Also, try resale shops, even ebay, support each other. It takes a little more effort to do, but we have to start somewhere, we have to dig or build our way out of this mess together. The little things add up – ask any person of wealth how they got or stay wealthy.

Support the local grocer and co-op. It costs a bit more, but give it a go, bring it into your consciousness when making a list or thinking about dinner. Start by trying to waste less food. Hook up with friends by having a pot luck instead of eating out several times during the week, then take what you saved and give it to a food bank, or add it to you credit union savings account, even if it’s only a few dollars. You’ve Got The Power!

If you choose to donate most churches will provide you with an envelop where you can write on the front, For Food Bank Only. Did you know that many Catholic Parishes in urban areas have come together and offer breakfast, lunch and dinner for the homeless?

If you have any more saving or sharing tips to help dig us out and unite US citizens against the crooks and corruption please leave them in the comments. Let’s spread these things around.
Thanks

Update:
more tips
Catherine Austin 2
stop watching MSM
move corruptions out of your life
know there is no privacy, be careful who you share your details with
do not break the law
simplify your life

Get Smart
ask what’s really going on
pull family closer, organize
network with like minds
read history
build equity including; healthy and knowledge
buy commodities – think long term and sound investments
demonetize

How they did it and what they are doing to you
How Goldman secretly bet on the U.S. housing crash

foreclosure frets?
walk away, but keep the credit card alive

By God It’s Utter Fraud!
.
.

3 Comments

Filed under Business, Congress, food, Health, History, Justice, Media, nader, News, obama, Politics

The Financial Coup – results

I’ve been watching a number of videos on the Debtor’s Revolt on the You Tube and I came across this video.
Upper Middle Class

I pegged the guy as a republican, I’ll skip, for now, how I came to that conclusion, but what I hope this video and the words following will do is advocate something we need as Americans to think about very carefully, that we are all citizens of this nation and that we need each other to survive and prosper.

That said, the first question I have in response to this video is, did this man lower his rents to help his exiting tenants or did he do this in order to avoid empty apartments, avert bigger loss, stay afloat essentially, cover his ass?

Here’s the low down, the banks don’t care if this guy defaults on the loan because the tax payers, the rest of us, through Congress, will bail the banks out.

What this man has is potential toxic waste – the banks win if he defaults, they got their fees and will get more. Any money “lost,” our government, we the tax payers, will fund with our savings and pensions.

Does this man understand that? Does he care?

If Bank Of America (BOA) lowers his rate who’s rate will they increase to make up the loss? The vulnerable family trying to make ends meet? The elderly? The college student? Yours?

Other than some bad PR, BOA is not being hurt, they made a bundle on the last bailout, they are only hurting us and as long as Congress keeps looking the other way they will find what ever fall guy they need to mitigate the heat or change their name. Meanwhile, they continue to keep stealing our savings, create more jobs loss and lower our standard of living.

If this man’s property is resold BOA will get their fees again and they hope the new owner will also default, it is how they get more of our savings, by picking our pockets one at a time and now tossing us all into the bottomless abyss of debt-money from China and the Saudis; both countries with abysmal labor and human rights violations.

We’re all just about broke, we will never pay China or the Saudis back. This is a new Ponzi Scheme brought to you by Wall Street yet again, and it’s not only hurting us and our children, but also our reputation in the world.

The American people are just starting to figure this scam out, China and the Saudis will only buy up so much more of our debt without requiring political favors or the ability to make large investments in the US. We are being forced to sell our county, our land and our wealth to inimical foreign interests. We are losing our country, soon followed by the lose of our security and our rights.

The banks are making billions off these losses and they are buying up our local solvent institutions or forcing them out of business, this Democratic Congress has done nothing, but allow them to act with impunity. Madoff was small potatoes.

President Obama hasn’t done anything other than make idle threats. I suspect, that like President Bush, President Obama is surrounded by the same people from Goldman Sachs and Wall Street who are gambling with our future and masterminding a good part of this scam. (see: indentured-slavery)

Not only are the banks too big to fail, they are stealing the country’s wealth; your life savings and our children’s future. This massive debt is leading to pay cuts and job loss, it is lowers our standard of living and is dividing us by class and political angst.

This is a financial coup.

If our government wanted to help its people, they would start by breaking up these behemoth banks, give these foreclosed and investment properties to Americans without homes first or subsidizes fair and affordable housing based on income.

Remember what Ronald Reagan said about home ownership – “it supplies stability and rootedness.”

Do we want to sell our country’s borders to the highest bidder regardless of their corrupt track-record?

Unfortunately, the actions of Congress demonstrate they won’t do anything short of a revolt and why should they? They gave up on us long ago when former politicians were allowed to lobby and infiltrated out system of governance for quid pro quo pay backs. Public service is now a mere career step to bigger and better things and the American People are divided, they on their own without representation, traveling down the road of a dog eat dog society.

So I pose my question to this BOA customer, why should hard working people, those also in debt, losing their own homes, education, jobs, health care, working without a living wage help you?

So we can continue to preserve the status quo?

I would be weary of this man’s investment plight, should he not also be advocating affordable housing, living wage jobs, universal health care and free education for all his countrymen and women?

In these hard and very vulnerable times shouldn’t we also be helping our neighbors, secure our country and preserve the rights for all.

I hesitate and wonder… once relieved will this man go back to serving these corporate masters, the wealthy socialist elitists on Wall Street?

I may be pre-judging this American citizen, however, in this economy, in our current society is his outrage, his plea for help, is his only interest to cover his ass?

Is he hoping this video will call to arms the viewer, his fellow Americans to put pressure on BOA in order to be one of the lucky and then quickly renew his membership in the “As Long As It’s Not Me” club?

Stay tuned…

____
____
The Debtors Revolt Trickle Count Down To The Collapse

Lower Middle Class – 4 June 2009

The Middle Class – 8 September 2009

Upper Middle Class – 30 September 2009

Update
Right now it would seem that if the vast majority of the American People wanted a change to our financial system, this crisis, the streets in DC and the State Houses would be full of outraged citizens with pitch forks and rope. Apparently, the brand of capitalism the people in the US want is a combination of sink or swim, as long as it’s not me and you’re on your own Pal. Until that attitude changes a lot of Americans are going to need a good strong pair of Chinese made boot straps.

More
What’s wrong with Americans?

3 Comments

Filed under Business, Congress, food, Health, Justice, Media, News, obama, Politics, psychology, Science and Technology

Financial Reform, Words and Deeds‏

It’s good that Barack Obama is an agile basketball player because on financial regulatory reform he’s having to straddle an ever widening chasm between his words and his deeds.

Obama said: “Millions of Americans who have worked hard and behaved responsibility have seen their life dreams eroded by the irresponsibility of others and by the failure of their government to provide adequate oversight. Our entire economy has been undermined by that failure.”

“Over the past two decades, we have seen, time and again, cycles of precipitous booms and busts. In each case, millions of people have had their lives profoundly disrupted by developments in the financial system, most severely in our recent crisis.”

Strong words, even though he didn’t include “corporate crime, fraud and abuse” to replace the euphemism “irresponsibility.” One would think that his 88 page reform proposal to Congress would be up to his words. Instead he provides Washington aspirins for Wall Street brain cancer.

The anemic nature of these reforms ostensibly designed to prevent or deter another big bust on Wall Street and its hostage grip on the nation’s savings and investments immediately drew the ire of well-regarded business columnists.

Joe Nocera of the New York Times wrote the “the Obama plan is little more than an attempt to stick some new regulatory fingers into a very leaky financial dam rather than rebuild the dam itself.” Nocera asserts that the reforms do not “attempt to diminish the use” of the customized type of derivatives which trillions of risky dollars generated “enormous damage to the financial system” ala A.I.G’s collapse. He notes President Roosevelt’s far more fundamental reforms, included the Glass-Steagall Act, which “separated banking from investment.” It prevented a lot of banking mischief until Clinton, his Treasury Secretary Robert Rubin and Citigroup got Glass-Steagall repealed in 1999. Obama is not proposing to re-instate this critical safeguard. Nocera said, firms “will have to put up a little more capital, and deal with a little more oversight, but….in all likelihood, [it will] “be back to business as usual.”

Star business reporter, Gretchen Morgenson, ripped into the Obama plan in the Sunday New York Times for doing too little to eliminate systemic risks posed by financial firms that are “too big to fail.” “Rather than propose ways to shrink these companies and the risks they pose, the Geithner plan argues instead for enhanced regulatory oversight of the behemoths.” She implies that taxpayers will be on the hook for even greater bailouts in the future.

A measure to prevent the “too big to fail” bailouts was suggested by none other than Obama’s current economic advisor, former Federal Reserve Chairman, Paul Volcker. Speaking in China, no less, Volcker recently said the Federal government could simply prevent these big banks from trading for their own accounts. But Obama is not listening to Volcker these days. Instead Treasury Secretary Timothy Geithner and White House advisor, Larry Summers, who played important roles in the past decade facilitating the enormous speculation on Wall Street, have got Obama’s ear.

The President’s plan omits, (1) strong antitrust enforcement, (2) tough corporate crime prosecution, and (3) more authority for shareholders, who own their companies, to control their hired bosses. The plan should have included giving shareholders the decisive power to set executive compensation—the perverse compensation incentives helped push companies to wild speculation.

The reform plan’s defaults go on and on. There are no mechanisms to encourage millions of investors to band together in Financial Consumer Associations. In 1985 then Cong. Chuck Schumer (Dem. NY) introduced such an amendment to the savings and loans bailout legislation. It did not pass.

What about sub-prime mortgage securities? Banks would be required to retain just a five percent stake before handing them off to other syndicates. This hardly is enough to induce prudence by banks selling these mortgages to impecunious home buyers.

Obama does propose a new financial consumer regulatory agency. But unless he appoints someone, as chair, like tough-minded Harvard Law Professor, Elizabeth Warren, who advanced the idea, the regulated financial firms will, as usual, take over the agency.

The Washington Post’s Steven Pearlstein, derided the Obama proposals for not being “grounded, first and foremost, in a thorough and independent analysis of how the crisis was allowed to develop and what regulators did and didn’t do to prevent it….” He was disappointed by the lack of controls over “hedge funds, private-equity funds or structured investment vehicles.”

Obama did strengthen the fiduciary duties to investors by stock brokers. But he did not give these defrauded investors any better civil action rights in court beyond what they were left with by the hand-tying securities law passed in 1995.

So now it is up to Congress and its hordes of banking and insurance lobbyists. Good luck, savers and investors. Unless that is, you’re doing your business with credit union cooperatives which don’t gamble with your money.
-Ralph Nader

.
.

STRIKE!

changecongress

Leave a comment

Filed under Business, Congress, Justice, Media, nader, News, obama, Politics