ButAsForMe 

Financial Reform

Proposed Agenda For Occupy Wall Street #4: Prevent Another Financial Collapse By Breaking Up Big Banks

December 10, 2011

Strings were never tied to TARP, and as a result Wall Street and the financial institutions have learned zip from their wanton, careless and risky behavior pre-2008.  It is their sheer size that created the nation coming so close to the edge, and if the present problems of the European Union tells us anything is [...]

Tagged as: Break-up the Banks, James Kwak, Proposed Agenda for OWS, simon johnson, vulnerability of u.s banks and corporations to eu crisis

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First Order of Business For Occupy Wall Street: Passage of H.R. 1148 The Stock Act

November 13, 2011

CBS 60 Minutes tonight exposed the insider trading going on within the sacred halls of Congress.  ReporterSteve Kroft exposed the inside information that many elected officials are privy to and act upon for personal financial benefit.  Although not necessarily illegal by congressional act, acting upon information for personal gain represents at the least a conflict [...]

Tagged as: Congressional Insider Trading, H.R. 1148, Occupy Wall Street Agenda, S.E.C., The Stock Act

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How We Got Here–The Making Of An Economic Disaster Series: #2 Housing

October 17, 2011

From the Duluth News Tribune Thursday, May 14 1998 Buying Homes Easier ‘Buying a moderately priced home in the Duluth (MN) area is within the reach of many people who don’t think they make enough money to qualify for a mortgage,  according to local experts.  The Minnesota State Office of the U.S. Department of Housing [...]

Tagged as: Bank of America, BofA, Chain of Blame, Countrywide Financial Corp, derivatives and bundling, Fannie May, How We Got Here: The Making Of An Economic Disaster Series, James "Jim" Johnson, James "Jim" Johnson Fannie May, Obama, Occupy Wall Street protest, Perseus LLC, Perseus LLC & Soros, Reckless Endangerment, Soros, The Making Of An Economic Disaster Series #2 Housing

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A Lonely Nation…

October 11, 2011

“Sitting on a sofa on a Sunday afternoon. Going to the candidate’s debate. Laugh about it, shout about it When you’ve got to choose Every way you look at this you lose. Where have you gone, Joe DiMaggio, Our nation turns it’s lonely eyes to you. What’s that you say, Mrs. Robinson. Joltin’ Joe has [...]

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S & P Downgrade: U.S. Wake-Up Call!

August 8, 2011

Whether or not you view the downgrade by Standard & Poor’s as valid or not, the way that the U.S. does business–and governs, cannot continue. Entitlements are not the sole culprit here; if they were then other countries that have a more socialistic bent to the way they govern such as the  United Kingdom Commonwealth, [...]

Tagged as: energy policy, Entitlements, Federal Reserv, Leadership Failure, list of S&P AAA nations, Obama, Recession of 1937-38, Recovery, Reformed Liberal, S&P Downgrade, socialism, stimulus, unemployment

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A Pox On Both Your Houses!

July 25, 2011

Recent political posturing and game playing by both parties further justifies the necessity for a third, independent political party; one not aligned with the present choices (or lack thereof), but committed to revamping a system that if not totally broke, is in need of serious resuscitation. The present crisis by a duopoly and duplicitous political [...]

Tagged as: 2012 Elections, August 2 2011, bipartisanship, Boehner, corporate greed, deficit, Democrats, entitlement cuts, Eric Cantor, failure of leadership, incumbents, Obama, political compromise, raising debt limit, raising revenue, Reformed Liberal, Republicans, Taxes, Tea Party, Third Party, WhiteHouse v. Congress

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Is Release Of Oil Reserves A Signal Of Panic In The White House?

June 29, 2011
Thumbnail image for Is Release Of Oil Reserves A Signal Of Panic In The White House?

Bernanke is at a loss as to why the economic recovery once again is on life support. 429,000 unemployment claims up by 9000 this past week, the biggest jump in a month.  Obama shortens the time line for withdrawal of troops from Afghanistan; and now without any sign of a supply disruption, he releases 30M gallons of [...]

Tagged as: Afghanistan, Bernanke, derivative reform, Economy, Federal Reserve, hedge funds, nation's oil reserves, Obama, shadow government, U.S. Foreign Policy, unemployment claims, wall street speculators

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Who Left The Biggest Pile In The Sandbox?

April 10, 2011

I don’t know but it seems to me that the fighting over the budget going down to the wire not only isn’t a good way to do business, but is more reminiscent of trying to get youngsters to play nice in the sandbox.  Each is concerned with building their own sandcastle rather than pooling their [...]

Tagged as: 2011 Budget, 2011 Budget Process, Democrats, Republicans, Tea Party

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There Are None So Blind As Those…

April 2, 2011

A new Wall Street record  is expected, more jobs have been created, the recovery is slow but steady…are these signs that the worse is over, or is it mass delusion created by media hype?  Here’s a cautionary warning from Paul Farrell of MarketWatch.  Remember, wealth can buy many things, but it cannot totally insulate! Read the full article [...]

Tagged as: 2nd American Revolution, Case for Taxing the Wealthy, Food Prices, Inflation, MarketWatch, Paul B. Farrel, unemployment, Wealthy In America

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Getting Away Scot-Free…For Now!

March 7, 2011

MarketWatch’s contributor Paul Farrell writes this month about the government’s missed opportunity to prosecute the criminals of Wall Street for bankrupting America.  Running the numbers, he reports that America is bankrupt to the tune of a negative $44 Trillion!  In one generation the 1% wealthiest among us have increased their share of America’s Pie from 9% to [...]

Tagged as: America''s Second Revolution, Bank of America CEO, Citibank CEO, Class wars, doomsday capitalism, Four time bombs that will blow up Wall Street, Goldman Ceo, MarketWatch, Morgan Stanley CEO, Obama, Paul Farrell, U.S. $44 Trillion In Debt, wall street creating critical mass, Wall Street Crooks, war loving neocons, Wealthy America, world war over resources

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The Sins Of The Father…

February 28, 2011

One of the highlight events in last night’s Oscars was the awarding of the best documentary to Inside Job based on the 2008 economic meltdown.  The film’s director, Charles Ferguson, did a reality check for the country in his acceptance speech when he pointed out that: “…three years after a horrific financial crisis caused by [...]

Tagged as: 2008 economic meltdown, 2011 best videos, 2011 Oscars, Academy Awards, Best Documentary 2011, Charles Ferguson, corporate greed, Inside Job, Matt Damon, TARP, Wall Street

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