Metaphor fail: This time it is the Wall Street bankers and not the Occupiers who are getting hit with pepper spray. The spray comes straight from the laser printer in the chambers of a federal judge, Jed Rakoff, in New York. The victory that Rakoff gave to the Occupy Wall Street movement Monday came from […]
Entries from November 2011
November 30th, 2011 · Comments Off on Rakoff ruling a victory, but it’s not pepper spray
November 30th, 2011 · Comments Off on Shifting narrative as Gingrich overtakes Romney
Originally posted at AMERICAblog Elections: The Right’s Field Jon Ward at Huffington Post has a fantastic piece on the shifting political narrative that has happened while Newt Gingrich has overtaken Mitt Romney for the lead in the Republican presidential primary. At issue is while Romney has been running on a platform of inevitability, large swaths […]
November 29th, 2011 · Comments Off on Programmed mortgage servicer fraud
Matt Stoller at New Deal 2.0 writes about how mortgage servicing companies are programming fraud into their software to ensure they extract the maximum amount of money from homeowners and force them into foreclosure. Long quote: And what happens when this kind of fraud goes unprosecuted? It continues, even today. The same banks that ran […]
November 28th, 2011 · Comments Off on Federal judge blocks SEC settlement with Citigroup
The New York Times is reporting that federal judge Jed Rakoff has thrown out a proposed settlement between Citigroup and the SEC. The SEC had agreed to $285 million in exchange for no admission of wrongdoing in a complaint about Citigroup defrauding investors in a 2007 residential mortgage backed security. Citigroup had told the investors […]
November 27th, 2011 · Comments Off on Debt & Forgiveness
This summer, Yves Smith at Naked Capitalism opted an interview of social anthropologist David Graeber on the history and evolution of debt in human society. In light of the Occupy Wall Street movement and the expanding debt crisis in Europe, the post is worth revisiting. First, I highly recommend the entire interview, as it is […]
November 22nd, 2011 · Comments Off on Angry Robert Reich is angry
I like this version of Reich better than the one who thought NAFTA was a great idea.
November 21st, 2011 · 1 Comment
I hope that Democrats learn from what just happened in Spain. Spain’s ruling Socialist Party – which I presume didn’t rule for eight years because of their conservative policies – was just voted out of power after presiding over cruel austerity measures enacted to appease bond vigilantes and ensure that bankers who lost bets not […]
November 20th, 2011 · Comments Off on Olbermann on Bloomberg & OWS
This is from early this past week, but is brutal. Keith Olbermann just utterly destroys Michael Bloomberg for his violent crackdown on Occupy Wall Street.
November 18th, 2011 · Comments Off on Incredibly anti-technocratic speech in the European parliament
This speech by Nigel Farage is truly incredible. Update: I forgot to mention, but Nigel Farage is an ultra-right wing pol. Today is clearly a weird day, as I’ve basically agreed with him and Sarah Palin.
November 18th, 2011 · Comments Off on NV AG indicts LPS & the prospects of the rule of law
Earlier this week Nevada Attorney General Catherine Cortez Masto indicted two mid-level employees of Lender Processing Services (LPS) for 606 counts of robosigning, specifically “directing fraudulent notarization and filing of foreclosure documents.” LPS is a major company hired by banks to process foreclosure documents and has been at the center of the robosigning scandal. LPS […]