BanksterUSA

Stress Testing Tim Geithner

Submitted by Mary Bottari on January 26, 2012 - 11:58am

U.S. Treasury Secretary Tim GeithnerThanks to Occupy Wall Street, in the State of the Union this week President Obama struck some of his most populist themes yet. He wants to tax millionaires, bring back manufacturing and prosecute the big banks. He touted his Wall Street reforms saying the big banks are "no longer allowed to make risky bets with customers deposits" and "the rest of us aren't bailing you out ever again."

But are we safe from the next big bank bailout? Many experts are dubious and Wednesday the consumer advocacy group Public Citizen decided to test the theory in the most direct way possible. They used the administrative law process to formally petition the nation's top bank regulators to move swiftly to break up Bank of America (BofA) asserting in their petition: "The bank poses a grave threat to U.S. financial stability by any reasonable definition of that phrase."

Scott Walker’s Plutonomy: An Economy for the One Percent

Submitted by Mary Bottari on January 24, 2012 - 8:32am

While volunteer after volunteer from each of Wisconsin's 72 counties marched into the state's election board to deposit over one million signatures for the recall of Wisconsin Governor Scott Walker, Walker was nowhere to be found.

At the hour petitions were being deposited on January 17, Mother Jones revealed that Walker was scheduled to attend a high-dollar fundraiser in the heart of the New York's financial district at 339 Park Avenue -- the towering headquarters for global financial giant CitiGroup. The $5,000 per couple fundraiser was hosted by none other than Maurice "Hank" Greenberg, former CEO of AIG.

Wisconsin Supreme Court Ethics Issues May Lead D.A. to Re-Open Collective Bargaining Suit

Submitted by Brendan Fischer on December 23, 2011 - 8:36am

Following reports that Wisconsin Supreme Court Justice Michael Gableman received tens of thousands of dollars of free legal services from the law firm that defended Governor Scott Walker's collective bargaining bill, the District Attorney who brought the original challenge may ask the Court to hear the case again without the justice's participation. Gableman has faced a series of ethical issues since taking office.

Spinning the Occupation

Submitted by Anne Landman on December 20, 2011 - 9:04am

Obama: "Values of the 99%"As winter sets in and Occupy Wall Street (OWS) encampments contract, the three-month old movement continues to have a big impact on the campaign trail. President Obama as well as some GOP candidates have adopted OWS concerns and language, while big bank lobbyists and GOP spinmeisters work hard to hold the line, defending U.S. economic institutions and the American "free market" system against what they fear could be a broad-based populist uprising.

JPMorgan Chase Greedwashes Reputation with "American Giving Awards"

Submitted by Anne Landman on December 15, 2011 - 3:34pm

ChaseAs the New York Times media reporter, Brian Stelter, noted on Saturday, December 9, NBC agreed to broadcast a two-hour television show fully funded and sponsored by JPMorgan Chase called the "American Giving Awards." The program showcased solely recipients of charitable donations from Chase, featured commercials for Chase and reminded viewers constantly throughout the broadcast that the entire event was "presented by Chase."

FOX News, OWS, Banksters, and Bombs

Submitted by Mary Bottari on December 11, 2011 - 9:49pm

Last week, tragedy was averted when savvy security at Deutsche Bank (DB) in Frankfurt, Germany, spotted a suspicious package and sequestered a letter bomb intended for the DB CEO. This was the second time Deutsche Bank was attacked in this manner. In 1989, their CEO was killed by a bomb later traced to violent extremists in Germany's Red Army Faction.

Scanning the horizon for someone to blame for the latest attack on Germany's largest bank, FOX news pundit Dan Gainor worked "the Internets." Did he detail Deutsche Bank's track record of making friends by ripping off consumers and foreclosing on their homes? Did he mention that Deutsche Bank stirred public ire when it was bailed out by multiple governments, including two billion from the U.S. Federal Reserve? Did he even bother to notice that it was widely reported that an Italian anarchist group had already claimed responsibility for the attack?

Wisconsin Legislators Override Non-Partisan Election Board

Submitted by Brendan Fischer on November 18, 2011 - 8:51am

On the same day activists began collecting signatures to recall Wisconsin Governor Scott Walker, Republican legislators took steps that could allow the governor to reverse the state elections board on rules that would protect student voting and make it easier for recall proponents to circulate petitions. Democrats allege the move is a politically-motivated attack on the independence of the non-partisan board, made possible by an American Legislative Exchange Council-inspired law that ties the hands of state agencies and gives the governor unprecedented power.

As Zuccotti Park is Cleared, Congress Moves to Gut Financial Reform

Submitted by Mary Bottari on November 15, 2011 - 11:09am

In the dead of night November 14, the movement to hold big banks accountable for their crimes took two major hits. Occupy Wall Street activists were swept from Zuccotti Park as radical members of Congress moved to gut funding for the Commodity Futures Trading Commission (CFTC) and advance a series of shocking proposals to roll back financial reform.

Walker Recall Gets Underway with Pajama Parties and Sabotage

Submitted by Brendan Fischer on November 15, 2011 - 8:32am

The effort to recall Wisconsin Governor Scott Walker begins today, and organizers and volunteers are readying their clipboards to begin collecting more than half a million signatures throughout the holiday season. But as volunteers celebrated the launch at midnight "recall-themed" pajama parties, the many challenges ahead were underscored by a deliberate, grinch-like cyber-attack on a key recall website.

Rove's Crossroads GPS Attacks Occupy Movement, Elizabeth Warren

Submitted by Brendan Fischer on November 11, 2011 - 8:59am

Karl Rove's Crossroads GPS is running an ad in Massachusetts attacking the Occupy Wall Street movement and U.S. Senate candidate Elizabeth Warren with some questionable assertions.

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