California Attorney General Kamala Harris Agrees to Monumental Settlement

Kamala Harris

Sharon Kyle: Kamala Harris emphasized the need to continue to chip away at the forces behind this crisis, stating that she and her team have instituted a Mortgage Fraud Strike Force which has been created to protect innocent homeowners and bring to justice those who defraud them.

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.

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.

Let’s Occupy Together

occupy dc interviews

David Kristjanson-Gural: Corporate news stations present themselves as trustworthy and unbiased, but they are owned by large multinational corporations like General Electric and Westinghouse, and these are the folks that are benefitting from the policies that the protesters decry.

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.

Banks Lose Control of the Optics

greed-wide

Joseph Palermo: If JPMorgan Chase and the rest of the money cartel cared one whit about people perceiving them as being slightly more tolerable corporate citizens, they would have long ago voluntarily offered a lifeline to underwater mortgage holders and to local governments.

California Homeowners Fight Foreclosures

gudiel

Peter Dreier: Rose Gudiel is on the front lines of a growing protest movement to stop banks from foreclosing on families victimized by the economic crisis and abusive banking practices.

Jamie Dimon’s Bizarre Idea About Why Recovery Stalled

jamie dimon

Robert Reich: According to JPMorgan Chase CEO Jamie Dimon, the recovery has stalled because of strict banking regulation. I’m not making this up.

Treasury Slow Fixing Foreclosure Prevention Program

foreclosure-wide

Marian Wang: By the end of last year, the program had given nearly 1.5 million households “a chance” of a mortgage modification through a trial modification. For most, that chance never turned developed into permanent help.

Dems: Obama Broke Pledge to Force Banks to Help Homeowners

Rep. Zoe Lofgren

Paul Kiel and Olga Pierce: The Obama administration has relied on a voluntary program with few sticks, that simply offers banks incentives to modify mortgages.

The American Dream

american dream

Tom Degan: This, I believe, is one of the most important and educational films ever made. It explains in terms easy to understand (and with brilliant satirical insight) what has happened to this once-great nation, and why we all need to stand up and take it back.

Los Angeles Homeowners Take to the Streets to Protest Foreclosure Abuses

peter dreier

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.

Banks Face New Rules on Foreclosures from Skeptical State Judges

foreclosure

Marian Wang: As banks resume foreclosures and claim to have added safeguards to their processes, it’s been left up to state court judges to decide whether they buy what the banks are saying. Many judges haven’t.

The Fed’s New Bubble (Masquerading as a Jobs Program)

economic collapse

Robert Reich: The latest jobs bill coming out of Washington isn’t really a bill at all. It’s the Fed’s attempt to keep long-term interest rates low by pumping even more money into the economy (“quantiative easing” in Fed-speak).

New Finance Bill: Mountain of Legislative Paper, Molehill of Reform

Lloyd Blankein, Goldman Sachs

Robert Reich: The American people will continue to have to foot the bill for the mistakes of Wall Street’s biggest banks because the legislation does nothing to diminish the economic and political power of these giants.

Marcy Winograd Kicks Off Congressional Race

winograd

Marcy Winograd is kicking off her congressional campaign on Monday, May 11th, at 4 PM, at the VENICE PIER (Washington Blvd. and Ocean Front Walk/Boardwalk). Park on Washington Blvd., a side-street, or in the pier parking lot ($5.00). For those who want to avoid parking fees, meet up at 3:30 pm sharp with members of [...]

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