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GLASS-STEAGALL The Constitutional Solution To Goldman Sachs' Criminality
by Nancy Spannaus
May 3—Franklin Delano Roosevelt would have cracked one of his broad, infectious smiles, had he been present at Sen. Carl Levin's (D-Mich.) interrogation of four Goldman Sachs executive shysters on April 27. Having invoked the image of the dramatic 1933 Pecora Commission the previous day, Levin proceeded in the same spirit as the feisty Ferdinand Pecora, pulling out document after document which demonstrated the systemic, sleazy criminality of the investment bank—which, incidentally, had succeeded in eluding successful prosecution back in 1933. Levin kept Lloyd "Doing God's Work" Blankfein on the stand for nearly four hours, exposing his arrogant, sanctimonious attitude toward the criminal looting which Goldman carried out against the American population.
The Angola Three: 38 Years in Prison Hell
by Stephen Lendman
On March 30, 2010, an Amnesty International (AI) Public Statement read:
"USA: Amnesty International calls for immediate end to nearly 73 years of solitary confinement endured by Louisiana prisoners Herman Wallace and Albert Woodfox."
Both men are at the Louisiana State Penitentiary (called Angola and The Farm) - in terms of acreage, America's largest prison, a maximum security one with over 5,000 inmates and 1,800 staff members on 18,000 acres. Once a slave plantation, it's the same now as then, and it's legal under the 13th Amendment stating:
"Neither slavery nor involuntary servitude, except as a punishment for crime whereof the party shall have been duly convicted, shall exist within the United States, or any place subject to their jurisdiction."
National Campaign: Mobilize for OUR Economy Launched
Kevin Zeese
As Senate Says 'No' To Breaking Up Big Banks and Waters Down Audit of Fed...
The campaign will be protesting Big Finance and Urging Real Reform of the Financial System
Washington, DC: A coalition of advocacy groups have announced a broad-based Mobilization for Our Economy (see www.forOUReconomy.org), a grass roots campaign to wrest control of our economy from the big banks, crony capitalists and financial elites.
The group will be targeting the Federal Reserve system and the "Too Big to Fail" banks -- JP Morgan Chase, Bank of America, Goldman Sachs, Citigroup, Morgan Stanley and Wells Fargo -- with a wide range of ongoing protests.
While the Mobilization is timed with consideration of the so-called financial reform bill, the organizers see the current proposal being considered as an insufficient measure that will allow business as usual to continue in the financial industry that brought the nation to economic collapse and has stolen trillions of dollars in national wealth through the bailouts from the Federal Reserve and Treasury Department.
Understanding the US Financial Crisis, Why Banking Regulations are a Temporary Fix
Part #3 of Understanding Capitalism and Socialism
by Joaquin
With the great financial crisis of 2007-2010 all over except for the screaming and yelling; and the yelling and screaming is over because oil spilled all over it; and with the oil spill all over because someone parked a SUV with toy timers on it in Manhattan; it's time to understand how the financial crisis was solved; so let's get started. By the way, aren't we all glad the financial crisis is over? Well except in Greece and maybe Spain, Ireland, Portugal, Italy and the UK; don't forget California and other bankrupt states, counties, municipalities, and your parent's pension; not to mention a giant national debt that is ballooning out of control; but yeah otherwise the financial crisis is over. How do we know its over? Well, just turn on the financial news anywhere and you will hear that the recovery is in full swing except for people having jobs and buying houses. The crisis is so over that it has been over and over. I mean if you Google "housing market has bottomed" you can find out that the housing market has bottomed out constantly since 2006.
Oil Gusher in Gulf: Energy Gluttony, not Oil Addiction, is Greater Challenge
by Jan Lundberg
It's crazy that everyone was blindsided by the unprecedented BP oil rig explosion and oil well disaster, when it or a similar event had to happen eventually. Indeed, we now have a "new" wrinkle for petrocollapse. Petrocollapse has mostly referred to the effects of peak oil, but all is ecological in the final analysis.
Most people paying attention to the world at large know that millions of gallons of crude oil have been loosed, still gushing uncontrollably, threatening not only the Gulf of Mexico but beyond. Our report suggests more than clean-up and better oversite: the Committee Against Oil Exploration.
Palestinian Refugees and Internally Displaced Persons
by Stephen Lendman
Established in 1998, the Badil Resource Center for Palestinian Residency and Refugee Rights (BRC) "defend(s) and promote(s) the rights of Palestinian refugees and IDPs (to) advance (their) collective rights." In January 2010, BRC published a report titled, "Survey of Palestinian Refugees and Internally Displaced Persons, 2008 - 2009."
Its web site explains the problem:
-- Palestinian refugees and IDPs are "the largest and longest-standing case of forced displacement in the world today;"
-- in 2007, of a global 9.8 million Palestinians, about seven million are refugees and another 450,000 internally displaced;
Slick Operator: The BP I've known too well
by Greg Palast
Deepwater Horizon in flames before sinking. Photo provided by D.Becnel
I've seen this movie before. In 1989, I was a fraud investigator hired to dig into the cause of the Exxon Valdez disaster. Despite Exxon's name on that boat, I found the party most to blame for the destruction was ... British Petroleum. That's important to know, because the way BP caused devastation in Alaska is exactly the way BP is now sliming the entire Gulf Coast.
Tankers run aground, wells blow out, pipes burst. It shouldn't happen but it does. And when it does, the name of the game is containment. Both in Alaska, when the Exxon Valdez grounded, and in the Gulf over a week ago, when the Deepwater Horizon platform blew, it was British Petroleum that was charged with carrying out the Oil Spill Response Plans ("OSRP") which the company itself drafted and filed with the government.
Remarks on the National Bankruptcy of Greece
By Reinhard März
For public experts it is no mystery why this member of the European Union on the southern periphery went broke. The country — in fact, just about all of its inmates — “have been living beyond their means.” Citizens pay no taxes; politicians do not even try collecting them. The money they need for governing they pick up in Brussels by cooking their books, they use it to pay pensioners, teachers and other public employees, and maintain an economy that consists mainly of graft and the typical southern leaning toward lethargy… This is roughly the way one is supposed to imagine how the country has been managing things for twenty years. The first part of the message is that in the midst of Europe, habits have implanted themselves among the rulers and the people down there — artfully concealed so that no one has noticed — that go against just about everything that is allowed in the European Economic and Monetary Union and is the rule among all the other members of the “euro family.” Secondly, this makes it clear that it’s definitely no accident this state is bust. It’s simply an alien element in the union of Europeans meeting its proper fate, after tempting it with its outlandish, if not criminal machinations…
An Investigative Report: The Woodrow Wilson Center Desecrates its Namesake’s Legacy and Violates its Congressional Mandate
By David Boyajian
Woodrow Wilson, the 28th American president, is looking down in horror at what the Woodrow Wilson International Center for Scholars (WWC; WilsonCenter.org) is doing in his name.
Most Americans are not aware of the DC-based organization, or that their taxes comprise one-third of its multi-million dollar annual budget. The WWC was created by Congress in 1968 through the Woodrow Wilson Memorial Act to commemorate the late president’s “ideals and concerns” and memorialize “his accomplishments.”
New York Car Bomb Incident: Another False Flag?
by Stephen Lendman
On May 1, New York Times writers Al Baker and William Rashbaum headlined, "Police Find Car Bomb in Times Square," saying:
"A crude car bomb of propane, gasoline and fireworks was discovered in a 'smoking' Nissan Pathfinder in the heart of Times Square on Saturday evening, prompting the evacuation of thousands of tourists and theatergoers on a warm and busy night."
Mayor Michael Bloomberg claimed "We were very lucky. We avoided what could have been a very deadly event."
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