RSN: The American People Are Angry

Posted on June 28, 2012 by Deadly Clear

This is a post and video that the entire United States public needs to view. Please forward the message to your friends and family. Thank you in advance. DeadlyClear

By Bernie Sanders, Reader Supported News
28 June 12

The American people are angry. They are angry that they are being forced to live through the worst recession in our lifetimes — with sky-high unemployment, with millions of people losing their homes and their life savings. They are angry that they will not have a decent retirement, that they can’t afford to send their children to college, that they can’t afford health insurance and that, in some cases, they can’t even buy the food they need to adequately feed their families.

They are angry because they know that this recession was not caused by the middle class and working families of this country. It was not caused by the teachers, firefighters and police officers and their unions who are under attack all over the country. It was not caused by construction workers, factory workers, nurses or childcare workers.

This recession was caused by the greed, recklessness, and illegal behavior on Wall Street. And, what makes people furious is that Wall Street still has not learned its lessons. Continue reading →

Washington Post: Lawmakers reworked financial portfolios after talks with Fed, Treasury officials

Posted on June 26, 2012 by Deadly Clear

Washington, D.C. is a town that runs on inside information – but should our elected officials be able to use that information to pad their own pockets?

By Kimberly Kindy, Scott Higham, David S. Fallis and Dan Keating, Published: June 24, 2012

“In January 2008, President George W. Bush was scrambling to bolster the American economy. The subprime mortgage industry was collapsing, and the Dow Jones industrial average had lost more than 2,000 points in less than three months. House Minority Leader John A. Boehner became the Bush

administration’s point person on Capitol Hill to negotiate a $150 billion stimulus package. In the days that followed, Treasury Secretary Henry M. Paulson Jr. made frequent phone calls and visits to Boehner. Neither Paulson nor Boehner would publicly discuss the progress of their negotiations to shore up the nation’s financial portfolio.

Continue reading →

“The U.S. has serious issues but you need to acknowledge them to fix them,” Dimon says.

Posted on June 13, 2012 by Deadly Clear

“Too Big to Manage, Too Big to Operate.” –U.S. Senator Sherrod Brown of Ohio.

Just in case no one in the United States Senate understands the difference between “risk” and “fraud” – below are the definitions. JPMorgan Chase Chief Executive Jamie Dimon tells the Senate Banking Committee what he has learned from the bank’s more than $2 billion trading loss. June 13, 2012

Continue reading →

Obama Grinch – What the Republicans Grasp that the Democrats Ignore

Posted on June 6, 2012 by Deadly Clear

What the Republicans grasp that the Democrats ignore is that the vast majority of the 99% want the bank cartel to collapse. Albeit the average American is not prepared to endure the final financial force majeure – they just know they want an end to the corruption.

So, the Republicans, who will eat their own, high-five (with a wink) when the banks slip in the stock market and the Tea Party vows to audit the Federal Reserve (if not outright eliminate it)…which they know the majority of Americans want. All of this is transpiring as the economy rolls on to a horrific collapse while Obama surrounds himself Continue reading →