The Long Road to Democracy - Archives
Obama's Budget Betrayal - Questions and Answers
Q: The national debt is at $14 trillion. Doesn't Obama have to do something decisive now?
Triumph of the Money Party!!! Warren's role downgraded, reports to Geithner
September 16, 2010
The White House snatched back one of the few bones it's thrown to the people outraged at the looting of the United States Treasury by failed financial concerns - the big banks and Wall Street. The promised appointment Elizabeth Warren as head of the new agency to protect consumers from the financial services industry has been seriously downgraded. Instead of running the Consumer Finance Protection Agency, Warren's role has been diminished to that of special assistant to the president and adviser to Treasury Secretary Tim Geithner.
An interim appointment would have given the no-nonsense Warren the full authority to structure consumer bureau in the interests of the people.
In the case of Warren, a fake drama was created whereby the White House could get credit for appointing Warren for full Senate approval while snatching back both that appointment and an interim slot; all in the name of political necessity. Whose necessity? Who benefits?
All involved in this destructive drama should be ashamed. But they won't. They don't care because they don't have to care. They're above the law and the real world consequences of a truly open political system. ...
Chalk it up as another big triumph of The Money Party.
It's all about the jobs. Nothing gets taken care of until we put 12-15 million able bodied,
hard working citizens back to work in decent jobs.
This is short and sweet. Send it to your state and federal representatives as a reminder or
call them. It's time this is issue #1.
Removing Jobs as Job #1
By Greg Gordon | McClatchy Newspapers
WASHINGTON — Buried in FBI laboratory reports about the anthrax mail attacks that killed five people in 2001 is data suggesting that a chemical may have been added to try to heighten the powder's potency, a move that some experts say exceeded the expertise of the presumed killer.
The lab data, contained in more than 9,000 pages of files that emerged a year after the Justice Department closed its inquiry and condemned the late Army microbiologist Bruce Ivins as the perpetrator, shows unusual levels of silicon and tin in anthrax powder from two of the five letters.
Those elements are found in compounds that could be used to weaponize the anthrax, enabling the lethal spores to float easily so they could be readily inhaled by the intended victims, scientists say.
The existence of the silicon-tin chemical signature offered investigators the possibility of tracing purchases of the more than 100 such chemical products available before the attacks, which might have produced hard evidence against Ivins or led the agency to the real culprit.
Read more: http://www.mcclatchydc.com/2011/05/19/1144...
Read more: http://www.mcclatchydc.com/2011/05/19/1144...
Greg Gordon hit it out of the park with this one. Later on, he says:
The apparent failure of the FBI to pursue this avenue of investigation raises the ominous possibility that the killer is still on the loose.
That's true. What is also true is the ominous nature of a tanked investigation, one in which it was known there were other/better suspects.
Will the NY Attorney General Bring Doomsday Charges Against Wall Street? If So, How Long Will He Survive?
Gretchen Morgenson of the New York Times just published one of the few feel good stories in months following the 2008 financial crisis. She describes a possible day of reckoning for the perpetrators of the 2008 crisis and much of the pain that has followed. ...
Morgenson indicated where the attorney general might be heading - securitization fraud:
"Some litigants have contended, for example, that the banks dumped loans they knew to be troubled into securities and then misled investors about the quality of those underlying mortgages when selling the investments."...
Nexus between Cuomo 2009 Charges against Bank of America, Schneiderman's Investigation, and the Senate Report on "Wall Street and the Financial Crisis"
On February 4, 2009, then New York Attorney General Andrew Cuomo filed a complaint against the Bank of America, Kenneth D. Lewis, and Joseph L. Price.
"The bank and the two named executives are charged with failing to inform the bank's board of directors and shareholders of the major red ink on Merrill Lynch's books prior to the merger. CEO Lewis, CFO Price, and other BofA officers and professionals chose to hide $16 billion of Merrill Lynch known pre tax losses prior to board approval. That's fraud, plain and simple." Michael Collins, Economic Populist, February 8, 2009
If wishes were horses…
If wishes were horses, we'd all take a ride. Spitzer's investigations blew up after a personal scandal. Cuomo's gubernatorial campaign interrupted his Bank of America case of 2009. ... But you never know. Success is often a matter of timing. This attorney general is certainly attacking Wall Street and the big banks at the right time.
Strong Unions - The Worst Nightmare for the Financial Elite by Michael Collins
Libya, Gas Prices, and the Big Payday at Your Expense
The Money Party on the Road to Ruin
Department of Defense spokesperson claims Dr. King would have understood and endorsed the current wars.
Is there a lie to big to tell?
The Money Party Deficit Reduction Scam and Social Security
By Michael Collins
President Obama announced the new National Commission on Fiscal Responsibility and Reform on February 18 to address astronomical federal budget deficits. There has been considerable speculation that this commission will target current and future benefits for Social Security recipients to achieve its goals.
Why would this be the case? We need look no further than the treatment of major retirement funds over the past 20 years to get the answer. When the mob needed cash, it looted the Teamsters retirement fund. When large corporations or government entities get in trouble, they effectively borrow from their employee retirement funds by delaying required payments or otherwise gaming the programs. This provides a source of ready cash, a quick vehicle to cover management errors, or jack up their bonuses.
Think of the Social Security Trust Fund (trust fund) as the most lucrative retirement fund in the country, the ultimate pot of gold, and you'll immediately understand why it is that for decades, big business has plundered the trust fund. How does this happen?
The Biggest Retirement Fund Rip Off Ever
By Michael Collins
The corporate takeover of California is on hold, according to the latest polls out of the nation’s largest state. Just nine days before the election, the Los Angeles Times and University of Southern California poll shows a nearly impossible uphill battle for the big business ticket of former eBay CEO Meg Whitman and former HP CEO Carly Fiorina.
People who "never attend church" will elect the next Governor and Senator
There are 1501 respondents in the sample for this variable - "How often do you attend church?" If you take the sample and create a running total starting with "More than once a week", by the time you get "Monthly or less", total of all church goers are split as follows. Brown is up only 27.75% to 27.05% over Whitman, a virtual dead heat. Boxer trails Fiorina by 2.5 points, 29% to 31.5%.
Data from Greenberg Quinlan Rosner Research Oct 10-20, 2010 pages 274-5
But when those who "Never" attend church are added to the running total, a miracle of sorts takes place. Brown ends up pulling ahead with a sizable 12% lead and Boxer surges to an 8% advantage. These margins are the same as those cited by the LA Times article on the poll. We had to go 274 pages into the details of the poll to find out who the new power brokers are in California politics.
Let's assume that those who "Never" go to church are secular humanists and who are sick and tired of little to nothing accomplished to relieve the depression-like conditions. I may be wrong, but regardless of the accuracy of the heathen hypothesis, there's a certain poetic justice, a conceit, so to speak, commenting on the tedium of religion in politics over the last few decades.