Ellen Brown: Crushing regulations are driving small banks to sell out to the megabanks, a consolidation process that appears to be intentional. Publicly-owned banks can help avoid that trend and keep credit flowing in local economies.
Steve Hochstadt: Wells Fargo employees created 3.5 million fraudulent accounts in customers’ names without their knowledge. The bank signed up 500,000 customers for online bill payment services without their knowledge, some of which carried fees.
Joe Mathews: The Banc of California bets big on the state’s small businesses and local communities.
Dan Bluemel: Now, at nearly 60 years of age, she is broke, beset with medical issues, unemployed and homeless. She currently stays at various homes of friends, but has had to spend a few nights in her car.
Dan Bluemel: Upset with Wells Fargo’s foreclosure practices, protesters held a demonstration on May Day that briefly shut down one of the bank’s branches in downtown Los Angeles.
Randy Shaw: My chief concern about Occupy’s future is that I do not see enough resources devoted to organizing new people to get involved.
We are at a crossroads as a country. We have a choice to make. Greater wealth for a few or opportunity for many. Tax breaks for the richest or a fair shot for the rest of us. A government that can be bought by the highest bidder, or a democracy that is truly of the people, by the people, and for the people.
Topping this week’s list is, once again, Mark Naison, the Fordham University professor and editor of With a Brooklyn Accent, who writes so passionately on issues of education and race..
LA Progressive Editor Dick Price’s report on the meeting local Occupy representatives had with Wells Fargo Bank officials in downtown Los Angeles — Wells Fargo Meets Occupy: Where There’s Smoke There’s Smoke? — led this week’s list of 10 most read articles.
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.
Dick Price: Occupiers expressed satisfaction that their concerns had been heard by Wells Fargo leaders, but frustration that little concrete action had been taken and no promises made for future steps.
On Monday morning, 7-8 am, on KPFK (90.7 FM – Los Angeles), listen to Marcy Winograd guest-host Connect the Dots, first with a commentary on why we must Occupy the English language.
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.