Super Hero Schneiderman Kicked Out of Club for Standing Up for America

The time has come to rattle the cages of our Attorneys General, our Governors, our Congressional Representatives and State Legislators.SUPER SCHNEIDERMAN We need to tell them that we support New York’s Attorney General Schneiderman! The one true Super Hero, Eric T. Schneiderman, AG of the great state of New York understands the vast amount of fraud that is associated with securitization.

Schneiderman is not willing to fall in the Obama line dance and allow the banks to get off nearly scot-free for ALL of the wrongs, frauds, abuses and Ponzi scheming that they’ve done. The fearless leader has been outspoken because he knows, just like his predecessor, Elliot Spritzer, that these banks have committed crimes that surpass any “get out of jail” free pardons the failed Obama administration might be willing to give. Continue reading

Report: UNDERWATER MORTGAGES AND 1 MILLION JOBS

 

Ian Pajer-Rogers | New Bottom Line, an organizer of the New Bottom Line shared an incredible document today.  The Win Win Solution is exactly what we need. Reconstruct the mortgages to the current market value at 2% for 30 years with the homeowners in lieu of litigation! Now is time to take that call to action to our Attorneys General, our Governors and our lawmakers. Continue reading

David Stockman: “We have a far worse fiscal situation…”

The Daily Capitalist
Stockman On Budget And Downgrade
By Jeff Harding August 11th, 2011

This is an interview of David Stockman on Bloomberg Radio today by Kathleen Hayes. David goes into the budget crisis and the downgrade. As usual he pulls no punches. “We have a far worse fiscal situation….by 2012, 2013, 2014… the deficit situation is going to be dramatically worse and our ability to cope will be almost non-existent….”

This is an excellent interview on Bloomberg Radio which can be heard  Continue reading

RSN: Austerity: The Wrong Prescription

 “…the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act.”  Take over the mortgages – stupid! SEIZE MERS.

Austerity: The Wrong Prescription

Denise Brunal-Hicks, left, hugs her daughter Samantha, 18, as they stand next to a curb piled with their belongings. Brunal-Hicks was being evicted from her foreclosed home after spending thirteen years at the residence. (photo: Greg Kahn/Naples News)

By Carl Gibson, Reader Supported News
09 August 11

Reader Supported News | Perspective

f you were a patient in intensive care, sick and in pain, what would you say to a doctor whose only recommendation was cutting off your blood supply, meals and therapy, and redirecting your pain medicine to another patient who was already healthy and well? Would you follow your doctor’s orders, or sue them for malpractice? Continue reading

RSN Special: Keith Olbermann | Four Great Hypocrisies of the Deal

Posted By Reader Supported News02 August 11 AM

Keith Olbermann | Four Great Hypocrisies of the DealKeith Olbermann's Special Commentthe on the debt deal, 08/02/11. (photo: Current TV)

Keith Olbermann, Special Comment/Current TV
“Keith Olbermann’s Special Comment on the four great hypocrisies of the debt deal and the necessity of taking the governance of this nation back from politicians.”

Continue reading

Wondering Where the Money Went?

By DEADLY CLEAR

Like many Americans I have wondered what the actual spending habits of the government look like.  Here’s a pretty good chart the New York Times posted on the economy.
Looks like President Bush’s spending habits were about as bad as Wall Street’s securitization Ponzi scheme – the timing of the rip-offs are about the same.  The unanswered question is how much of the debt that is held by “THE PUBLIC” in state and local government pension funds is still holding value? For that matter – how much of all of that debt has actual Continue reading

NY Times – Q. and A. on the Debt Ceiling

Q. and A. on the Debt Ceiling
By  and Published: July 27, 2011

For a time it seemed safe for many people going about their summers to try to ignore the debt ceiling drama playing out in Washington. If Wall Street had not seemed overly concerned that the United States was headed toward default, why should anyone else worry? And there is the long history of crying wolf in Washington: in April everyone finally got up to speed on the threatened shutdown of the federal government just in time to see it averted by an 11th-hour deal.

But now, palms in Washington are beginning to get sweaty, the stock market is sliding and President Obama is breaking into “The Bachelorette” to address the nation about the debt crisis. Perhaps the time has finally come for a crash course in all things debt ceiling. Continue reading

Bernie Sanders tells it like it is – The American People Are Angry

The American People Are Angry
By Sen. Bernie Sanders, Reader Supported News
28 July 11

s House and Senate leaders fine-tuned rival deficit reduction plans on Wednesday, Sen. Bernie Sanders spoke on the Senate floor about the public’s strong belief that additional revenue from the wealthy should be part of any package to reduce red ink. He cited a new Washington Post poll that found 72 percent favor raising taxes on those who make more than $250,000 year. Despite those overwhelming numbers, he said, “We are marching down a path which will do exactly opposite of what the American people want.” He called Republican opposition to more revenue “fanatical.” He also faulted President Obama for a bargaining strategy that sugars down to this: “Retreat after retreat after retreat.” Of the competing House and Senate proposals Sanders bluntly concluded that one is bad and the other is much worse. He shared his assessment with Continue reading

Idiot of the Week – Ben Bernanke

By DEADLY CLEAR

This week’s IDIOT focus is on Chairman Ben S. Bernanke – Semiannual Monetary Policy Report to the Congress Before the Committee on Financial Services, U.S. House of Representatives and Committee on Banking, HOusing and Urban Affairs, U.S. Senate, Washington, D.C. ON July 13, 2011 and July 14, 2011, respectively.

Chairman Bernanke presented his overview of a weak economy, suffering because investors just don’t want to come back to Wall Street like they had earlier this decade.

Mr. Bernanke, do you think it might be due to the numerous investor lawsuits for securitization fraud and deception caused by [your pals] Wall Street’s greed and Congress’ failure to regulate derivatives?… Maybe, yeah?  You ask Congress for an incentive to bring investors back – regulation might be a good start to stabilization…’cause it sure didn’t work the other way! Continue reading

MERS Causes Banksters’ Nightmare to Continue

New York Times FAIR GAME

The Banks Still Want a Waiver

By Published: July 23, 2011

HOW should banks atone for those foreclosure abuses — all the robo-signing and shoddy recordkeeping that jettisoned so many people from their homes?

It has been four months since a deal to remedy this mess was floated. Not much has happened since — at least not publicly.

Last week, banking executives and state attorneys general met in Washington to try to settle their differences. At issue was how much banks should pay, and how and to whom, to make this all go away. The initial terms, which emerged in March, were said to carry a $20 billion price tag.

But here is a crucial question: to what extent would such a settlement protect banks from future liability? Will the attorneys general strike a deal that effectively prevents them from Continue reading