What a change from the heady days of fall 2011, when the "occupying" in OWS was in full bloom. It cannot be, I would think, that their raison d'être has disappeared.
Unlike Mitt Romney and his plutocratic financial backers, Barack Obama does this sort of thing only because he respects plutocrats, not because he is one. He won't gain financially by turning this nation into a banana republic.
How ironic that the industry that wants us to trust it with our funds can't manage its own money and is rife with illegal conduct.
Let's do the numbers. Number of seizures to recover counterfeit goods worth $178 million: 24,792. Number of arrests for crimes worth tens of billions in settlements and trillions in losses: Zero.
JPMorgan Chase CEO Jamie Dimon recently said that he felt safer in Lebanon than when Occupy marched past his house. If nothing else, it proves Wall Street bankers haven't gotten any better at risk management than when their bad bets crashed the economy and caused the Great Recession.
There is little doubt that the global financial crisis posed "unusual and exigent" circumstances that had to be met with a huge response by the Fed (and Treasury). It is not clear, however, that the response actually mounted was legal. It was certainly not transparent.
It's time for Wall Street to pay reparations for the financial collapse it caused. It's time for a crash tax, a tiny sales tax on Wall Street transactions, the revenues from which would pay for Main Street restoration.
It is another GOP ruse to firmly establish in America an economy designed for, dedicated to and directed by corporations rather than a just economy controlled by and beneficial to the 99 percent.
Credit being "ruined" doesn't really mean anything anyway, because having "good credit" simply means having good enough credit to achieve a particular goal.
Are you tired of big banks making record profits, paying giant executive salaries and bonuses and then cooking the books so they avoid paying taxes? We are.
It's not just about red states and blue states, it's not about public sector versus private sector workers, and it's not about any of the other propaganda that gets thrown around to divide Americans. It's about all of us.
In all the footage of people being saved, I haven't seen one mega-bank rescue anyone. I saw help from a lot of volunteers, firemen, rescue workers, doctors, nurses, etc. But not one bank.
The Federal government has now let former Countrywide CEO Angelo Mozilo go scot-free, paying less than 10% of his assets in fines, with no admission o...
Hats off to writer Matt Taibbi for staying on the Wall Street crime beat, asking in his most recent report in Rolling Stone: "Why Isn't Wall Street in...
While students in London spend hours in the cold protesting tuition fees, RBS, a bank that took a huge government bailout, throws a party commemorating Harry Potter. It'd be funny except it's exactly what just happened.
If Assange's cyber invasion is to Bankster Street what the civil rights marchers were to segregation, what are Wall Street's water cannons? I can hardly wait to find out.
The good news could be that Summers and his approach will soon be gone. The bad news is that he will probably be replaced by someone worse.
Together we can organize and mobilize and create a grassroots groundswell that gives government no choice but to respond to our needs, the needs of working people.
Beck leads a pack of royalist Republicans who have spent the summer mocking, vilifying and denigrating the nation's 14.5 million unemployed workers. The unemployed are fighting back, however.
Bankster Politicians, when faced with giving support to many of the same people tossed from employment by their cronyism, have all of a sudden found ideology.
Watch as the most corrupt "Too Big To Fail" bank CEOs play a spirited game of "Taxpayer Hold 'Em"! Not with their money, but with yours!
If Friday's filing of a lawsuit for fraud by the SEC against Goldman Sachs left the Wall Street banks feeling a little uneasy, they can always take comfort knowing that they have a rock solid champion and protector in John Boehner.
There is no question that the concentrated corporate power of Wall Street is working to weaken the already disappointing financial reform bill. There is only one antidote to their power and that is our power.
The sad truth is that the banksters who have gotten away with the massive theft of our economy are still getting away with it and profiting while so many of us continue to sink.
