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Did the Other Shoe Just Drop? Big Banks Hit with Monster $250 Billion Lawsuit in Housing Crisis
by Ellen Brown
Wicked Witch of the East
For years, homeowners have been battling Wall Street in an attempt to recover some portion of their massive losses from the housing Ponzi scheme. But progress has been slow, as they have been outgunned and out-spent by the banking titans.
In June, however, the banks may have met their match, as some equally powerful titans strode onto the stage. Investors led by BlackRock, the world’s largest asset manager, and PIMCO, the world’s largest bond-fund manager, have sued some of the world’s largest banks for breach of fiduciary duty as trustees of their investment funds. The investors are seeking damages for losses surpassing $250 billion. That is the equivalent of one million homeowners with $250,000 in damages suing at one time. The defendants are the so-called trust banks that oversee payments and enforce terms on more than $2 trillion in residential mortgage securities. They include units of Deutsche Bank AG, U.S. Bank, Wells Fargo, Citigroup, HSBC Holdings PLC, and Bank of New York Mellon Corp. Six nearly identical complaints charge the trust banks with breach of their duty to force lenders and sponsors of the mortgage-backed securities to repurchase defective loans.
Screams in the dark: US courts trafficking children
“Corrupt US judges are using their courtrooms to kidnap children from innocent parents. For profit."
At a court hearing on June 27, 2014, nine-year-old Lexi Dillon wants to go home to her mother, Ruby. Judge Glenn R. Salter has previously shown his contempt for Lexi’s well-being, child protection laws, required court process, and evidence in the many court hearings and his subsequent illegal rulings. All evidence proved that Ruby was a loving, caring mother; that foster care was abusing her daughter; and that the father had repeatedly abused Lexi, as proved by the Tustin, CA, Police Department.
Judge Glenn R Salter refused to allow any of Ruby’s evidence, multiple expert witnesses, or police investigators into his court to testify. He then ordered Lexi to be in the sole custody of her criminal father.
The father is the man who raped Lexi. Anally and vaginally.
What?!
Criminal courts
The ultimate horror. Corrupt US judges are using their courtrooms to kidnap children from innocent parents. For profit.
Immoral judges serve as vital tools for this disgusting example of limitless American greed and capitalism. Criminal US judges operate with immunity, disregarding laws, eliminating evidence, shattering constitutional protections, and ignoring mandatory courtroom procedures.
They should be in prison.
US courts kidnap thousands of innocent children every year, forcing them from the arms of loving parents into an on-going developmental life of child abuse, rape, child molestation, forced drug-induced sedation, behavioral modification, and long-term childhood incarceration all at the hands of employed pedophiles. Many foster care “professionals” have criminal records, yet administer “protection” to children that would normally be defined as criminal “child abuse.”
The rising global movement that calls for #noTTIP
Adam Parsons
TTIP is the latest bid to capture policymaking by the profit-making interests of the 1%, with dire implications for anyone who upholds a vision of a more equitable and sustainable economic order. But campaign groups and activists are working hard to expose this trade agreement for what it is, and to build an overarching global movement that can prevent this massive transfer of power to transnational corporations.
As the next round of negotiations for the Transatlantic Trade and Investment Partnership (TTIP) take place in Brussels this week, civil society groups are continuing to mobilise against this ongoing free trade agreement between the U.S. and EU that poses a threat to our public services, environment, food, privacy and democracy. On Saturday, around a thousand people occupied the square in front of the European Union’s base in London, UK, and demanded an end to the trade deal that is being described by the #noTTIP coalition of activists and organisations as an unprecedented corporate power-grab.
World of Resistance Report: Financial Institutions Fear Global Revolution
Andrew Gavin Marshall
In Part 1 of the WoR Report, I examined Zbigniew Brzezinski’s warnings to elites around the world of the “global political awakening” of humanity. In Part 2, I looked at the relationship between inequality and social instability, and in Part 3 I examined the World Economic Forum’s warnings of growing inequality and the “lost generation” of youth who pose the greatest threat to oligarchic interests around the world. In this fourth installment in the series, we turn to reports from top banks and financial institutions warning about the growing threats to their interests posed by an increasingly disenfranchised and impoverished population – manifested in protests, strikes and social unrest.
In November of 2011, Bob Diamond, the CEO of one of the world’s largest banks, Barclays, stated in a speech: “We’ve seen violent protests in Greece, public sector strikes across Europe, [and] anti-capitalist demonstrations that started on Wall Street have spread to other places around the world.” Diamond added: “Young people have been especially hit hard by high levels of unemployment. The threat of further social unrest remains if we don’t work together to generate stronger economic growth and more jobs.”
Genocide in Gaza and AIPAC Praises US HOUSE Representatives
By Eileen Fleming
Palestinian mourners carry the body of five-year-old boy Abdallah Abu Ghazal
during his funeral in the northern Gaza town of Beit Lahiya on July 10, 2014 after
he was killed in an Israeli air strike.
Genocide is the deliberate killing of a large group of people, especially those of a particular ethnic group or nation.
According to the United Nations, more than 100 people have been killed and 340 Palestinian houses have been destroyed during Israel’s ‘Operation Protective Edge’ which began on 8 July 2014.
On Saturday in Gaza, Israel killed nine more people including two disabled women and remains oblivious to mounting international outrage and pressure to negotiate a ceasefire.
In Tel Aviv Prime Minister Benjamin Netanyahu told reporters, “We are weighing all possibilities and preparing for all possibilities. No international pressure will prevent us from acting with all power.”
We will overcome despite Israel's Nazi-like atrocities
By Khaled Amayreh in Occupied Palestine
I know that the words of a journalist, however eloquent they may be, can't fully communicate the macabre scenes of carnage, especially when the victims are mostly children and other helpless civilians. And I wouldn't be telling the truth if I said that the scene of scattered child limbs and flesh chunks dispersed by the impact of Israeli bombs don't affect me or influence the way I think and feel.
However; for the sake of history and future generations, we journalists in the field must try to convey the ongoing atrocities, carried out by the criminal entity known as Israel against the helpless Palestinians, lest some people say "we didn't know that Israel was so evil."
“Labor Reform”: Proposals to Maximize Workplace Bullying
James Petras
Introduction
Leading management consultants, top government officials and prominent financial journalists are proposing, what they dub, “labor reforms” as the solution for double-digit unemployment and underemployment, economic stagnation and the decline of capital investment.
“Labor Reform” as the Concentration of Power and Profits
First of all, the term “labor reform” is just a euphemism for labor regression, the reversal of laws and practices that workers and employees secured through decades of struggle against employers.
The idea that “labor reforms” would create jobs for the unemployed has been tried and disproven over the past decade. Throughout Europe, in particular Spain, Portugal, Greece, Ireland and France, laws facilitating firings, pay differentials between short-term and long-term contract workers and speed-ups have not reduced unemployment, which still remains at depression levels.
Americans’ Sense of Freedom Plummets By 12% … Trust in All 3 Branches of Government Hits Historic Lows
By Washington - StateOfTheNation2012
Our Belief in "Widespread Corruption" In the U.S. Jumps 20%
Problems Are All Related ...
The Christian Science Monitor reports:
According to a new [Gallup] poll, Americans have become significantly "less satisfied with the freedom to choose what they want to do with their lives."
Seventy-nine percent of US residents are satisfied with their level of freedom, down from 91 percent in 2006, according to the Gallup survey, released Tuesday.
***
That 12-point drop pushes the United States from among the highest in the world in terms of perceived freedom to 36th place, outside the top quartile of the 120 countries sampled, trailing Paraguay, Rwanda, and the autonomous region of Nagorno-Karabakh [part of Azerbaijan].
Only 10 nations experienced as sharp a drop as the US in terms of the satisfaction of citizens with their level of freedom: Egypt, Greece, Italy, Venezuela, Cyprus, the Czech Republic, Romania, Yemen, Pakistan, and Spain.
Immigration in the Time of Imperialism
By Gaither Stewart, Senior Editor of TGP & Cyrano’s Journal
Poor Africans are setting sail for Africa in ever increasing numbers. The continent’s constant turmoil and endemic poverty caused by neocolonialism and its native collaborators has made life impossible for the majority. This group was rescued by the Italian navy.
The lids between deck and dark airless hold are bolted shut. The 45 lifeless bodies are neatly stacked in the hold one atop the other. Silence reigns down in the torrid darkness. The lifeless bodies are all young males. From Central Africa. No signs of mass panic among them. No blood anywhere.
Can Hezbollah Prevent DAASH (IS) From Pulling Lebanon into its Caliphate? Jihadists in Lebanon
by FRANKLIN LAMB
Bedawi Palestinian camp, North Lebanon
The answer to that question is—perhaps. But for a number of reasons, some suggested below, it’s not a happy picture, and it won’t be a walk in the park.
The recent “victories” by DAASH (IS, or Islamic State) in Syria and Iraq have not taken long to begin reverberating through the ground in Lebanon. A gauntlet of sorts stands before this country, one that it must negotiate successfully if it is to avoid an all-out war, dismemberment or its substantial subjection to elements of extreme Islam.
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