Can Obama Stop Casino Capitalism?

obama biden

Shamus Cooke: The banking oligarchy is so intertwined with the political and economic establishment that real regulatory change cannot happen until the system itself is transformed from below, by a powerful social movement. Pleading to politicians to fix so-called Casino Capitalism is increasingly naive.

Cooperative Banking in the Aquarian Age

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Ellen Brown: Globally, the burgeoning movement for local, cooperatively-owned and community-oriented banks is blazing the trail toward a new, sustainable form of banking.

B of A Lawyer Threatened Occupier Helping Fraudulently Foreclosed Family

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

Public Sector Banks: From Black Sheep to Global Leaders

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Ellen Brown: When we remove our myopic U.S. blinders, it turns out that globally, not only are publicly-owned banks quite common but that countries with strong public banking sectors generally have strong, stable economies.

Move Our Money: New State Bank Bills Address Credit and Housing Crises

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Ellen Brown: We may not be able to beat the banks, but we don’t have to play their game. We can take our marbles and go home.

Will Obama Administration Now Go After Massive Mortgage Banking Frauds?

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Ellen Brown: In his State of the Union, President Obama announced that he would be creating a mortgage crisis unit to investigate wrongdoing related to real estate lending.

The Way to Occupy a Bank Is to Own One

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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.

Occupy Our Homes: The Next Stage

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Peter Dreier: Perhaps because so many Occupiers have recently been evicted from their encampments in cities across the country, they have found common cause with the growing number of American families facing foreclosure.

Do State-Owned Banks Violate State Constitutional Provisions? No

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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.

Time for an Economic Bill of Rights

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Ellen Brown: What was sufficient for a simple agrarian economy does not provide an adequate framework for freedom and democracy today. We need an Economic Bill of Rights, and we need to end the privatization of the national currency.

Why Obama Should Break Up Big Banks

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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?

The Public Banking Option: The German Model

BANK OF NORTH DAKOTA

Ellen Brown: Publicly-owned banks were instrumental in funding Germany’s “economic miracle” after the devastation of World War II. Although the German public banks have been targeted in the last decade for takedown by their private competitors, the model remains a viable alternative to the private profiteering being protested on Wall Street today.

Victory! Transforming Occupy Wall Street From a Moment to a Movement

Peter Dreier: If the Occupy Wall Street activists join forces with the unions and community groups, they could catalyze a massive nationwide movement to resist foreclosures and block evictions.

California Legislature Passes Bill to Study State-Owned Bank

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Ellen Brown: California, like North Dakota, is resource-rich. A state-owned bank will allow it to capitalize on its resources to full advantage, by providing the credit needed to realize its potential.

Financial Regulation Kills Jobs? Perhaps Not

Marian Wang: But separate from the jobs created to actually handle new regulation, others have pointed out that regulations can have a long-term, positive effect on overall economic growth by preventing the types of crises that put an industry on life-support.

Nevada Wallops Bank of America With Sweeping Suit

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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.

The Debt Ceiling Crisis: Let’s Get Personal

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Walter Brasch: Since you like hunting, and they like hunting, your banker friends will let you buy all the guns and ammunition you want. But, they can’t help you on your health bills, or even lower the insurance premiums and co-pays. And, they can’t do much for that inflated mortgage payment. Or to help you find another job.

Bank Errors Cause Damage to Credit, Distress to Homeowners

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Marian Wang: Some consumers have been surprised to see damage to their credit score after requesting information from the banks.

Los Angeles Homeowners Take to the Streets to Protest Foreclosure Abuses

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Peter Dreier: In Los Angeles this Thursday, members of the Alliance of Californians for Community Empowerment (ACCE) — a statewide community organizing group — will sponsor a demonstration at a major bank that will include civil disobedience and probably arrests.

Wall Street’s Global Race to the Bottom

Robert Reich: So the race to the bottom is now official. Wall Street will set up its casino wherever financial gambling is least regulated.

Despite Extra Help, Weakest Bailed-Out Bank Still Among Worst

Rep. Barney Frank, chairman of the House Financial Services Committee, confers with Rep. Maxine Waters. (Win McNamee/Getty Images)

Marian Wang: At the center of the ethics controversy enveloping Rep. Maxine Waters, a California Democrat, is OneUnited, the nation’s largest African-American-owned bank.

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