GE vs. Bernie: Of Strawmen and Fukushima

eggsistense's avatarLIBERTY ROAD MEDIA

Remember the days when Bernie was ignored and laughed at by the mainstream press? Apparently those days are over.

How so, you might ask?

Well, the Washington Post favored us with an unabashed corporate propaganda piece disguised as an “op-ed” by GE CEO Jeffrey Immelt. Its title: “GE CEO: Bernie Sanders says we’re ‘destroying the moral fabric’ of America. He’s wrong.”

Immelt (or more likely, his PR department) had this to say:

We at GE were interested to read comments Monday by Sen. Bernie Sanders (I-Vt.), who told the New York Daily News editorial board that GE is among the companies that are supposedly “destroying the moral fabric” of America. The senator had been asked to cite examples of corporate greed at its worst. Somehow that got him to talking about us.

That’d be great, except Bernie never uttered the phrase “GE is destroying the moral fabric of America.” The…

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Securities, Notes and the Illusion of Enforceability

Judicial pension and retirement funds protection…they think.

Unknown's avatarLivinglies's Weblog

By William Hudson

State Court judges are missing the point- the paperwork is all an illusion in a majority of cases. Instead of being concerned that the bank is filing photoshopped, forged and robosigned documents into the court record, they are more concerned if the homeowner has paid. This is despite the fact that every large Bank in the country has been fined for foreclosure “irregularities”. Too many State judges are refusing to follow basic contract law or scrutinize the documents presented. Presumptions favor the banks in cases where there is hard evidence of fraud. It is now known that due to securitization that the vast majority of mortgage notes and assignments are created-on-demand to provide the impression that the note is valid. You would think that in light of this information that more judges would be concerned that the note is even enforceable.

Former FDIC Chairperson Sheila Bair  wrote…

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