Progressive Media Advocates
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.
Sharon Kyle: Kamala Harris standing firm on decision to reject bank settlement that could garner the state $15 billion but would release bank liability.
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.
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.
Of the Federal Reserve Bank, Wikipedia says, The twelve Federal Reserve Banks form a major part of the Federal Reserve System, the central banking system of the United States. The twelve federal reserve banks together divide the nation into twelve Federal Reserve Districts, the twelve banking districts created by the Federal Reserve Act of 1913.[1] [...]
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.
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.
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.
Lee Fang: Rep. McHenry received $63,800 from lobbyists and executives from banks, mortgage companies, payday lenders, and other predatory lenders in the last three months alone.
Robert Reich: According to JPMorgan Chase CEO Jamie Dimon, the recovery has stalled because of strict banking regulation. I’m not making this up.
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.
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.
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.
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.
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.
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).
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 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 [...]
Sikivu Hutchinson: Black Skeptics Los Angeles spearheaded its First in the Family Humanist Scholarship initiative, which focuses on providing resources to undocumented, foster care, homeless and LGBTQ youth who will be the first in their families to go to college.
Carl Matthes: Despite the much-heralded 2008 success of Prop 8 in California to stop same-sex marriage, that vote, and it’s subsequent ramifications, provided not only 18,000 lesbian and gay couples with legal marriages, but the accelerant for the Prop 8 case currently being decided by SCOTUS.
Randy Shaw: Obama could regain young people’s support by lowering student loan rates, enacting immigration reform and rejecting the Keystone XL Pipeline, but time—and his political capital—is running out.
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