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.
Ellen Brown: When Americans realize that the alternative is to have their ready cash transformed into “bank stock” of questionable marketability, moving failed mega-banks into the public sector may start to have more appeal.
So the fact that Goldman has reverted to its old ways in the market suggests it has every reason to believe it can revert to its old ways in politics, should its market strategies backfire once again — leaving the rest of us once again to pick up the pieces.
Treva Brandon Scharf: I use these parks and trails for exercise, for social time with friends, for activities with out-of-towners, for romantic outings, and for the spiritual benefits I get from communing with nature.
Dan Bacher: Want to have some fun and challenge corporate agribusiness at the same time? Then attend a mock reception outside the home of famous (infamous) Delta water diverters, Stewart and Lynda Resnick, hosted by the No on Proposition 1 campaign.
Natasha Minsker: California had the chance to be a leader in requiring police to get a warrant to use surveillance technology. But Gov. Brown vetoed a bill that would have done just that for police drones.