For various reasons, these stories and videos never made their way into posts this year, though they were all worthy. This is in no way intended as your typical PR, tactical news dump. These are important stories that I actually want you to read. I just needed to clean out the hopper for the new year. So, please take your time and dig through these links and videos. There’s even some “feel good” links mixed in for good measure! Happy New Year!
Posts tagged “George W. Bush”
Take a moment and read the two (2) page Too Big to Fail, Too Big to Exist Act, about to be offered by Senator Bernie Sanders (I-VT) in the United States Senate (PDF) and then read and sign the petition to Treasury Secretary Timothy Geithner. Don’t forget to tweet and facebook this as well. Unlike Saturday’s legislative abomination, this is something citizens of all stripes should be able to get behind.
Petition to Treasury Secretary Timothy Geithner
Too Big to Fail is Too Big to Exist
Financial institutions that are “too big to fail” played a major role in undermining the American economy and driving our country into a severe recession.
Financial institutions that are “too big to fail” put taxpayers on the hook for a $700 billion bailout and more than $2 trillion from the Federal Reserve in virtually zero interest loans.
Huge financial institutions have become so big that the four largest banks in America (JP Morgan Chase, Bank of America, Wells Fargo, and Citigroup) now issue one out of every two mortgages; two out of three credit cards; and hold $4 out of every $10 in bank deposits in the country.
Just five banks in America (JP Morgan Chase, Bank of America, Citigroup, Goldman Sachs, and Morgan Stanley) own a staggering 95% of the $290 trillion in derivatives held at commercial banks. Derivatives are risky side bets made by Wall Street gamblers that led to the $182 billion bailout of AIG, the $29 billion bailout that allowed JP Morgan Chase to acquire Bear Stearns, and the collapse of Lehman Brothers.
The concentration of ownership in the financial services industry has resulted in higher bank fees and interest rates that consumers are forced to pay for credit cards, mortgages and other financial products.
No single financial institution should be so large that its failure would cause catastrophic risk to millions of American jobs or to our nation’s economic well-being.
No single financial institution should have holdings so extensive that its failure could send the world economy into crisis.
We believe it is time to break up the banks and insurance companies which are too big to fail.
We believe that passage of The Too Big to Fail, Too Big to Exist Act (PDF) is essential for a strong American economy and a secure future for ourselves, our children, and our grandchildren.
We urge the immediate enactment of the Too Big to Fail, Too Big to Exist Act, which directs the treasury secretary to compile a list of those financial institutions that are too big to fail in the next 90 days, and to break up these banks and insurance companies a year after the legislation is signed into law.Sign this petition!
Tags: 2009 Kan. LEXIS 834, AIG, america does not negotiate with financial terrorists, Amerika, bailout, Bank of America, Barrack Obama, Bernanke, Bernie Sanders, casino capitalism, Citigroup, common sense, Congress, false free market, financial terrorism, free market, free market myth, George W. Bush, Goldman Sachs, Greenspan, Joe Biden, JP Morgan Chase, kleptocracy, Landmark National Bank v. Kesler, Lehman Brothers, let them eat cake, MERS, modern robber barons, new depression, oppose the bailout, Paulson, petition to Treasury Secretary Timothy Geithner, Senator Bernie Sanders, socialism in The United States, Too Big to Exist Act, Too Big to Fail, Treasury Secretary Timothy Geithner, U.S. Congress, wall street, Wells Fargo
This is some must-see TV if there ever was such a thing, but don’t expect to see this interview on any of the mainstream media networks. They are (almost completely) ignoring the story [CNN (the singular hit)- Fox News – MSNBC – ABC News – CBS News]. This compares to those same news organizations cacophonous coverage of the Iranian “twitter” uprising this summer [CNN – Fox News – MSNBC – ABC News – CBS News]. Again I ask, if it is good enough for Iranians, why isn’t it good enough for Americans?
You can watch today’s full episode of Democracy Now!, as always, in the right sidebar. For those of you that want to see with just how much ease our government can swoop into your home, steal your possessions and detain you in your underwear, here are Mr. Madison’s motion (PDF) and his lawyer’s supporting declaration (PDF), courtesy of the Electronic Frontier Foundation; attached to the declaration are copies of the search warrant, an inventory of the seized items, and the original criminal complaint.
If you think this story doesn’t concern you, think again.
Tags: Barrack Obama, big brother, bill of rights, change is the same, Cindy Sheehan, civil liberties, constitutional violations, copyfight, copyright criminalization, culture of surveillance, David Rovics, Elliot Madison, Free Speech, freedom of speech, G20, G20 police brutality, George W. Bush, habeus corpus, Kevin Rudd, Martin Stolar, obama = bush, Pittsburgh, police brutality, police corruption, Police Militarization, Police Professionalism, police state, privacy, Reflections from Pittsburgh, state department asks twitter to delay maintenance, stop implied consent, stop the police state, The Police are Rioting, Tin Can Collective, Tin Can Communications Collective, traffic stops, tweeting G-20, tweeting police actions, tweeting police movements, twitter arrest, twitter crackdown, twitter criminal, twitter G20, twitter police actions, twitter police movements, unconstitutional, warrantless wiretaps