Posts tagged “Joe Biden”

Bernie Sanders wants to break up the banks. Let’s help!

Senator Bernie Sanders: “too big to fail” = “too big to exist”


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!

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In case you are worried about Obama talking to your kids…

Watch as Fox News lies to the public, trying to scare the hell out of everyone about Obama. Then, 30 minutes later, they finally recanted and admitted that both G.H.W. Bush and Reagan both did the EXACT same thing. Full video of the Bush speech after the jump.

This is for my Dad and all the other parents out there who have very selective memories. Last night, he told me that if his kids were still in public school, he wouldn’t want them being spoken to by the President, preaching his agenda. Funny, it didn’t seem to bother him when his kids actually were in public school, being spoken to by the President, preaching his agenda. In the clip above, you can watch as my brother and I were violently propagandized by George H.W. Bush back in 1991.

I was an innocent seventh grader and my poor little brother was just a naive second grader when the bad man came into our classrooms to touch…our…minds. Sure, shortly after the speech by H.W., I started collecting Gulf War trading cards and wearing my hair in a buzz cut. But look, America, I turned out to be the single-payer and socialized education advocating, anti-Fed, anti-war radical that you all know and love! (Side note: poor Kevin really never was the same.) So really, don’t worry about letting that scary man talk to your kiddies while they are in an institution of learning, where they are supposed to be exposed to a diverse range of ideas!

From the beginning, the whole “Obama is going to ‘pied piper’ your kids” controversy struck me as ludicrous and yet I couldn’t figure out if I was missing something. I’m pretty damn skeptical of all things political and yet this wasn’t setting off my alarms. Was there really something specifically wrong with the President addressing the youth of America? When did we reach the point as a society where parents would pull their kids out of school so that their kids wouldn’t hear a message from the freely-elected leader of their nation? How is this any worse than having kids watch any other presidential address? It’s almost as if everyone is starting to listen to me about our electoral system, propaganda, police state, etc., but for the stupidest reasons. Wouldn’t that just be my luck?

Watch the agonizing loss of my innocence (aka G.H.W. Bush’s Education Speech) after the jump…
Read the rest of this entry »

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Obama evicerates Habeus Corpus

Meet the new boss, same as the old boss.

In a speech that beggars reason, former constitutional law professor Barrack Obama proposed a new system of “Indefinite Preventative Detention” through which anyone believed likely to commit a crime at some point in the future, U.S. citizen or otherwise, can be locked up forever without charge, trial, jury or appeal. Anyone read Phillip K. Dick’s The Minority Report? Maybe you saw the movie? Remember how well those experiments in “pre-crime” turned out?

This honestly makes me so angry I can hardly type these words. When Bush suspended Habeus Corpus, it was an indefinite suspension. As Obama said in his newspeak-riddled speech, his goal is to codify a new system altogether, one that legalizes indefinite detention. Why? Because he isn’t above the law. Holy shit! I cannot believe I am forced to qualify Bush’s Sherman-like slash-and-burn of our civil liberties as a lesser evil! Damn you, Obama, for making me do that!

I love the fact that we have opened up stem-cell research and no longer fund ostrich-only education, but this is unforgivable. Throw the bastard out!

Vent with me and listen to the wisdom of The Tossers…

[audio:balladofnato.mp3]

The Tossers - The Ballad of N.A.T.O.

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