The Detroit Bail-In Template: Fleecing Pensioners to Save Banks

detroit pensions

Ellen Brown: The Detroit bankruptcy is looking suspiciously like the scene in Cyprus in 2013, which is now becoming the model globally.

Bail-Out Is Out, Bail-In Is In: Another Argument for Publicly Owned Banks

piggy banks escaping

Ellen Brown: A crisis in a major nation such as Spain or Italy could lead to a chain of defaults beyond anyone’s control, and beyond the ability of federal deposit insurance schemes to reimburse depositors.

Why Big Banks Will Pay The Piper in 2013

patching panks

Bruce Reilly: 2013 is poised to become the most important year of the subprime aftermath. The five-year statute of repose, the window within which cases are arguably eligible under the Securities Act, will close.

Loan Mods Link Homes in Foreclosure Revolt

occupy fights foreclosure

Dan Bluemel: Despite government programs designed to improve the situation, the light at the end of the tunnel seems very far indeed for foreclosure victims. Thus the desperate turn to organizations like Occupy Fights Foreclosure..

Fiscal Cliff: Wall Street’s Latest Scam

jeffrey immelt

RJ Eskow: The CEOs of America’s largest corporations have banded together to lecture us on the importance of debt reduction. And despite their lack of qualifications and their very obvious self-interest, the media can’t get enough of them.

Titanic Banks Hit LIBOR Iceberg: Will Lawsuits Sink the Ship?

lie bor

Ellen Brown: If the last quarter century of U.S. banking history proves anything, it is that our private banking system turns malignant and feeds off the public when it is deregulated.

Walmart at 50: Still Greedy After All These Years

walmart

Bobbi Murray: This weekend at least 10,000 are expected to gather in the heart of L.A. in opposition to the planned Chinatown store on Saturday, June 30 –the march is set for 10 a.m., with the rally to follow at noon.

Occupy Fights Foreclosures Forces Bank of America to Rescind LA Foreclosure

off anaya

Cheryl Aichele: Occupy Fights Foreclosures won the home back of an LA homeowner whose home Bank of America fraudulently foreclosed on and sold, even after dutiful payments on a temporary loan modification were made for over a year.

Stopping Foreclosures, One House at a Time

stopping foreclosures

Sylvia Moore: As Americans, we have to ask ourselves, how long are our lawmakers going to continue to allow these too-big-to-fail institutions escape accountability?

B of A Lawyer Threatened Occupier Helping Fraudulently Foreclosed Family

occupy fights foreclosure

Cheryl Aichele: Rodriguez asserts that in addition to the threat against Marroquin, Redy used high-pressure tactics to get her sign away her Rights.

Occupy Fights Foreclosures Turns Tables on BofA

occupy fights foreclosures

Cheryl Aichele: Occupy Activists aim to highlight the fraudulent ways in which the nation’s largest mortgage servicer forecloses on millions of innocent families.

How Greece Could Take Down Wall Street

occupy los angeles

Ellen Brown: As Aristotle told this ancient Greek tale, Midas died of hunger as a result of his vain prayer for the golden touch. Today, the Greek people are going hungry to protect a rigged $32 trillion Wall Street casino.

Kamala Harris: Foreclosure Settlement Scores Points, Raises Questions

kamala harris

Sharon Kyle: Kamala Harris’ broad smile and “down home” style was gobbled up by the crowd as members of the African American Caucus listened and showed support for their Attorney General.

California AG Kamala Harris Standing Firm Against Foreclosure Settlement

kamala harris

Sharon Kyle: Kamala Harris standing firm on decision to reject bank settlement that could garner the state $15 billion but would release bank liability.

The Foreclosure Crisis: Urgent as Ever and Could Get Worse

foreclosure sale

Carl Bloice: There are an estimated 3.5 million seriously delinquent mortgages out there. There were nearly 2.7 million foreclosure filings on about 1.9 million homes last year. That’s down from 2007, but it’s still about one out of every 69 homes in the country.

Free Enterprise on Trial

mitt occupy

Robert Reich: The Right’s blather about free enterprise risk-taking has it upside down. The higher you go in the economy, the easier it is to make money without taking any personal financial risk at all. The lower you go, the bigger the risks.

Occupy to Save a 79-Year-Old Retired School Teacher’s Home

kwazi nkrumah

OCCUPY TO SAVE A 79-Year-Old Retired School Teacher’s HOME As Senator and Council Ask for Responsible Banks, Occupy LA Focuses on Foreclosures* Los Angeles – Wednesday, members of Occupy LA will be occupying the foreclosed South Central home of Mrs. Faith Parker, a 79-year-old retired school teacher, who fights eviction as a result of Bank [...]

The Eyes Have It

sarah's eyes

Steve Fine: Had the editors decided to use the original photograph instead, then they would have had a problem on their hands: a far too attractive image for the Occupy movement.

Nasty Bosses on College Campuses

pomona faculty protests

Vijay Prashad: Values are taught not just in the classroom but in the very bones of an institution. How it treats its workers sends a message to the student body about what is acceptable in our society.

The Way to Occupy a Bank Is to Own One

occupy la

Ellen Brown: The campaign to “move your money” has gotten a groundswell of support. Having greater impact would be to “move our money” — move our local government revenues out of Wall Street banks into our own publicly-owned banks.

Do State-Owned Banks Violate State Constitutional Provisions? No

state-owned bank

Ellen Brown: The recent interest in state-owned banks has provoked challenges on grounds that they violate state constitutional prohibitions against lending the credit of the state. The argument is not valid.

Charlie Beck’s Anniversary: A Walk in the Park

charlie beck

Stephen Box: Beck occupies a unique position in the world of Occupy protests and is one of the only Police Chiefs in the country to establish a relationship with protesters that is based on respect and dignity.

Why California State University Faculty Will Strike on November 17

faculty salary charg

Lillian Taiz: Tomorrow—November 17th—the faculty of this great university system will take the historic step of striking on two campuses—Cal State East Bay and Dominguez Hills.

Why Obama Should Break Up Big Banks

obama staff gardem

Robert Reich: What better way for Obama to distinguish himself from Romney than to condemn Wall Street’s antics since the bailout, and call for real reform?

Hope for Bankaneers: We Do Like Pirate Movies

wall street pirates

Tina Dupuy: Funny how all corporations are now the euphemistic “job creators,” even after they proved to be (over and over again) job-cutters. Yes, the swashbuckling job-cutters! Arrr!

I Will Stand with Occupy Wall Street

Brent Budowsky: With Bank of America the latest bank to grind its heels on the necks of patriots who paid for its bailout, something powerful and profound is happening in America.

California Penions Power Call Wednesday

california pension power

Marcy Winograd & California Pension Power Invite You To Meet the CALSTRS Candidates This Wednesday Before You Vote (Election: Oct-Nov.)

The Bailed-Out Bankers’ Boys

Money

Brent Budowsky: Rick Perry’s impersonation of Ron Paul is caused by Perry’s panic while his campaign collapses, while terrified Republicans try to entice the freshman governor and unqualified Chris Christie to enter the race.

Nevada Wallops Bank of America With Sweeping Suit

BankOfAmerica-wide

Paul Kiel: Nevada’s action signals that the banks’ problems with home mortgages—the main cause of the financial crisis—continue to burden them and rattle investors.

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