Senate Candidate Elizabeth Warren Calls for Ouster of NY Fed Chief

Massachusetts Senate candidate Elizabeth Warren (D) is calling for JP Morgan CEO Jamie Dimon to resign from his position at the New York Federal Reserve Bank to acknowledge that he was in a position of trust after his company revealed that it had recently lost $2 billion as a result of bad bets on derivatives. [...]

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College Graduates Face Bleak Job Pictures and Years of Indentured Servitude to the One Percent

College graduates are facing a life time of indentured servitude to the one percent. That’s what the student loan scam is all about, and that’s what free trade treaties are all about. When the government ships jobs overseas via free trade treaties, the difference between the old wages here and the new wages there go [...]

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Boycott the Oregonian newspaper, A Propaganda Conduit of the One Percent

The Oregonian newspaper is the primary propaganda organ of the one percent in the state of Oregon. The newspaper reported today that the Beaverton School District is going to lay off 344 employees. The district is the third largest in the state. What is conspicuous is what the Oregonian chose not to mention; much of [...]

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Market jitters all round as eurozone woes return

Markets rattled as the Eurozone faced the renewed Euro crisis. In Ireland, the people have decided not to pay a property tax earmarked to save the banks and rich investors from their own stupidity and bad investments in mortgage backed bonds. click here for the full story

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Pepsi and Coca Cola End Relationship With the One Percent’s Misinformation Front Group

PepsiCo, the world’s second largest beverage company, ended its sponsorship of ALEC, the controversial right-wing group of the one percent that lobbies for voter suppression efforts. Their goal is to limit the ability of the 99 percent to vote, at least as much as possible. Pepsi’s move may also have had a role in compelling [...]

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Koch Brothers Puppet Governor Scott Walker Will Not Use the Foreclosure Settlement Money to Help Homeowners

Wisconsin’s Koch Brothers Puppet Governor Scott Walker has no intention of using the foreclosure settlement money gotten by the US Justice Department to help homeowners. He intends to balance his budget. What that means is simple, and it’s not as simple as it seems, at least at first glance. When Walker became governor of Wisconsin [...]

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Banks agree $25 billion deal for U.S. homeowners

The banks got trillions in loans from the Federal Reserve that they claim they paid back, although it is statistically impossible for them to have done so; but now the banks are willing to pay billions to homeowners, which isn’t all that much when divvied up among all the homeowners the deal is supposed to [...]

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New York State Sues Banks Over Fraudulent Foreclosures

The state of New York sued major US banks on Friday for fraudulently foreclosing on thousands of homeowners in the state in the wake of the nationwide housing crash. The state is suing JPMorgan Chase, Bank of America and Wells Fargo, along with Virginia-based MERSCORP, which it called a “shell company” set up by the [...]

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US Housing Prices Now At Lowest Level Since 2003, But the Bubble May Still be Bursting

The housing bubble continues to deflate. As the deflation continues, so too, do the hopes of 99 percent of the American people. The housing bubble history is interesting, mainly because that bubble began during the Clinton regime, around 1993, or so. By 2003, the bubble was huge, but according to the US Census Bureau, all [...]

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Obama and the Banks Near a Deal on Mortgage Forclosure Frauds

Obama’s at it again. It appears as though Wall Street’s president is going through the motions of trying to look like a champion of the people during his reelection run. He’s negotiating with the banks about the forclosure frauds they’ve been engaged in. That means the banks will come off smelling like a rose, and [...]

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