Feeds:
Posts
Comments

A few years ago, congress approved and President Obama signed legislation called Dodd-Frank, which was supposed to regulate the actions of Wall Street banks by curbing the financial crimes and other unethical shenanigans of the big banks. Dodd-Frank was weak legislation, badly watered down by Wall Street lobbyists, so the press told us. What the corporate press didn’t tell us is that it was created to be ineffective.

That’s because of Hedge Funds. Hedge funds are unregulated investment firms not impacted by Dodd-Frank, or any other federal regulations.

The big banks all own hedge funds, which are many times larger than the big banks. So, for example, if Goldman Sachs is worth $20 billion, then its two hedge funds are worth closer to $100 billion each. That means only the front company of these investment banks are being “weakly” regulated.

Under the above scenario, only 8 percent of Goldman Sachs is being weakly regulated by Dodd-Frank and whatever other rules are in the federal books. The same holds true for Citibank, JP Morgan/Chase and all the other big banks that have hired the Clinton’s to give speeches on topics they don’t know much about.

In ballyhooing Dodd-Frank, the Democrats achieved virtually no regulations on Wall Street, but they did create a smokescreen by which they could claim they did something significant. Blow away the smoke screen, and they achieved almost nothing in the way of regulating Wall Street.

Hedge Funds were created in 1940. They were small wealth managing companies that were limited to having 99 clients or less via a loophole in the New Deal Reforms.

“The Investment Company and Investment Advisers Acts of 1940 prohibited firms operating with pools of investor money from engaging in risky practices like short sales (bets that a stock will go down instead of up), leverage (investing with borrowed funds to amplify returns and heighten risk), and corporate takeovers. Meanwhile, investment companies had to register with the Securities and Exchange Commission (SEC), disclosing their portfolios and their corporate structures. The 1940 laws also restricted certain types of fund manager compensation. The purpose was to eliminate the kind of speculative risks with pools of capital that generated the Great Depression.”

Hedge Funds were never a big player in today’s financial markets until one day in 1996 “President Bill Clinton signed the National Securities Markets Improvement Act (NSMIA), which overhauled state and federal responsibility for securities market oversight. It was part of a series of financial market deregulations in the Clinton era, advanced with broad Wall Street support and almost no resistance in Congress: After bipartisan agreement, the House and Senate finalized NSMIA with a voice vote.”

BarclayHedge now estimates hedge fund assets under management in the third quarter of 2015 at $2.7 trillion, up from about $100 billion in 1995. And that doesn’t count the borrowed money also invested by the same firms, which likely total trillions more.

After Clinton left office, Wall Street investment banks rewarded Bill and Hillary Clinton for their loyalty by paying them millions of dollars in speaking fees. No doubt, President Obama will get the same deal if he can get the Trans Pacific Partnership passed through congress via partnership with the Republican Party.

The game is still rigged and Dodd-Frank is almost completely useless thanks to the big banks and their Hedge Funds.

As for Hedge Funds, they are now the preferred vehicle of ripping people off, manipulating markets via their trillions of dollars, helping the big banks keep millions of homes off the markets so as to create the current (as well as the last) housing bubble, and so much more.

The Clinton’s have exacerbated our current crisis of democracy. Vote Bernie Sanders!

As for the rest of the story, stay tuned.

The video above tells all that is needed for you to know about what the Wall Street Democratic Establishment is planning for the Democratic convention in July, and for the future of the 99 percent.

Like the Democratic primaries, like the future of the 99 percent, the Democratic Convention is being rigged to the benefit of the 1 percent once again.

In other election news, the folks in Oregon who count the votes from last May 17th election haven’t been able to count them all, and won’t be finished until sometime in mid-June. It appears, however, that Bernie Sanders will have taken 60+ percent of the Oregon vote by then, meaning he has improved his mathematical chances of winning the primary election against Wall Street’s darlin’. It ain’t over yet! See The Real Democratic Primary Election Numbers in Oregon–John Laurits

The Democratic Party is not a political party. Rather it is a business establishment that sells government representation and legislation to the highest bidder, and always at the expense of the 99 percent. In that respect, it is no different than the modern Republican Party.

To differentiate differences between the two political parties, the leaderships create false and sometimes incredibly stupid issues. This is always to rally their grassroots and create a facade of solidarity of interest between the Wall Street factions of each party and their respective grassroots. They’ve been doing this for 35+ years.

feel the bern

These issues include bathrooms for transgender people, guns, religion, abortion, wars against women, wars against Christmas, and so much more. The sheep are easily led astray by manipulating their emotions, and this allows the leaderships of both parties to conspire together behind scenes to steal the livelihoods, income and wealth of the grassroots of both parties, and redistribute those things to the 1 percent. The Trans Pacific Partnership is an obvious example of this conspiracy.

Stop being a sheep. Organize against the tyranny of the 1 percent. For Democrats, don’t vote for the Wall Street candidate. This primary season isn’t over.

The privatization of water systems throughout the world has led to higher water prices, worse maintenance for water systems, lower wages for employees, far worse service for citizens throughout the world, and higher corporate profits. In other words, privatization of communal properties redistributes income from the 99 to the 1 percent.

This is why it was no surprise that the Swiss corporation Nestle wanted the water at Oxbow Springs in Hood River County Oregon. They wanted the water to bottle via their Arrowhead brand, and they wanted the local water system privatized in its favor. Most folks disagreed.

Activists brought Measure 14-55 before the people to prevent massive bottling of any water source within Hood River County. A yes vote meant Nestle wasn’t going to be able to engage in its water grab.

Though opponents of Nestle’s proposed plant in Cascade Locks in scenic Hood River County were vastly outspent, Measure 14-55 easily passed—roughly 69 percent to 31 percent.

According to Julia DeGraw, an organizer for national watchdog organization Food & Water Watch, which helped lead the opposition to Nestle, voters were very aware of the risks of putting corporate control over the precious resource, despite the purported 50 jobs the plant would provide the job-scarce town.

“When you talk to them about something as crucial as their water, which is necessary for an agricultural economy, right after they have a drought, there is not enough misinformation the opposition can throw at voters to make them buy it,” she said.

As Hood River business owner Michael Barthmus explained, “most people understand that water is a resource and basic human need and not a commodity to be exploited. Shipping water outside of our county seems like poor stewardship, especially during a time of shortage and droughts. Our families, farms and the fish in our rivers should be our top priority.

blue gold

The Guardian newspaper of Great Britain reported ahead of the vote that some residents had said that politicians did not hold full public hearings, accepted trips from Nestlé to California and presented negotiations between Nestlé and the state authorities as a done deal that was now out of ordinary people’s hands. Oregon’s largest corporate propaganda organ, The Oregonian newspaper, failed to report any of these things.

Local Water Alliance is applauding the results as a “landslide victory,” as the group had seen the measure’s implications beyond Nestle “dangerous precedent” proposal. “Protecting our water supply is not about stopping just one project. It’s about setting the precedent that our water and the future of our community are so important and so intertwined that we are not willing to sell them off,” the group’s website states.

Tuesday night, Bernie Sanders was declared the winner of the Democratic Party primary in Oregon. Bernie won 55 to 45 percent. Sanders won every Oregon county save for one. The tally from Gilliam County: Bernie Sanders 100, Clinton 101. With the outcome in Oregon, the senator from Vermont won his third victory in three weeks and put 20 states in Sanders’ column.

After discovering he won Oregon, Sanders told a rally of 11,168 supporters at California State University, Dominquez Hills, “This is the beginning of the final push to win California…There are a lot of people out there who say Bernie Sanders should drop out, the people of California should not have the right to determine who the next president will be,” he said. “We are in this until the last ballot is counted … and then we’re going to take that fight to Philadelphia,” he added.

Meanwhile, in the other primary taking place that night, Kentucky, Hillary Clinton was declared the winner after nearly 2,000 votes were mysteriously shaved from Sanders tally. Perhaps they were given to Clinton, which would then account for her slim margin of victory. Fraud in Kentucky

Bernie was still ahead by a couple thousand votes with 93 percent of precincts reporting. But then, strange as it may seem, Hillary steamrolled past Bernie and won by the narrowest of margins: 212,500 to 210,626.

There have been numerous examples of voter fraud during this Democratic primary, Arizona, Iowa, Nevada, and New York, to name a few. Clinton won every one of these states. There has not been an iota of voter fraud in any of the state’s won by Sanders.

One has to wonder how much voter fraud the Wall Street Democratic Party leadership has had to use to keep the Wall Street candidate in the lead.

– See more at: http://en.institutomanquehue.org/publications/news/msnbc-hosts-almost-shit-their-pants-when-salem.html#sthash.et1KCCjB.dpuf

NEW YORK — Over the course of a four-day visit to the Philippines this week, four representatives of Communications Workers of America who are on strike discovered that the extent to which Verizon is offshoring work is far beyond what has previously been reported and what the company publicly has claimed. Verizon is offshoring customer service calls to numerous call centers in the Philippines, where workers are paid just $1.78 an hour and forced to work overtime without compensation.

Terrified that the public might find out about what has happened to the good middle-class jobs the company has shipped overseas, Verizon sent private armed security forces after peaceful CWA representatives and called in a SWAT team armed with automatic weapons.

And despite Verizon’s protestation that the current US strike is not affecting service, it has forced call center workers in the Philippines to work overtime hours since 40,000 highly trained U.S. employees went on strike, including about 13,000 US call center workers. Call center workers said they were forced to commit to 1-2 hours of overtime 5 days a week, plus a full 8-hour 6th day of overtime. Verizon’s subcontractors do not pay workers additional overtime compensation for these hours.

“Verizon is terrified that the public might find out about what has happened to the good middle-class jobs the company has shipped to the Philippines. The truth is that Verizon is destroying middle-class American jobs so that it can pay workers $1.78 per hour and force them to work around the clock, rather than preserve good jobs in our communities. That’s what our strike is about. Instead of profiting off of poverty abroad, Verizon should come back to the table and negotiate a fair contract that protects middle-class jobs,” said Dennis Trainor, President of CWA District One.

Big Banks and the Democrats

As you can see from the graph above, virtually all of Wall Street’s campaign contributions in April 2016 went to Hillary Rodham Clinton. Sure the big bankers gave to Republican candidates before then, but now that Donald Trump is the Republican Party presidential standard-bearer, Wall Street’s darlin’ is raking in nearly 100 percent of all big bank contributions.

This doesn’t count the tens of millions of dollars that Wall Street has contributed to Hillary’s PAC. Those payments, I mean contributions, are massive compared to all of the other contributions given to the seventeen Republican (and none to the two Democratic candidates) since last summer.

It appears the parasites of Wall Street know where to place their bucks. Not one of the other candidates for president since last summer has been credited with making a single speech at Wall Street banks, except for Wall Street’s favorite: Hillary Rodham Clinton.

Click Wall Street Bets on a Democrat for the First Time Since 2008–Bloomberg News for more information by Bloomberg News.

Note that the above title says it all: “Wall Street Bets on a Democrat for the First Time Since 2008.” That’s since “2008.” The preferred Wall Street presidential candidate at that time was a person whose policies were enacted to redistribute income from the 99 to the 1 percent while maintaining a facade of sympathy for the middle class; President Obama.

The big money boys are placing their bets on Clinton to follow through with the Trans Pacific Partnership, just like their current agent in the white house.

Vote Bernie Sanders! He can still win this election!

By Richard Rodriquez,

It really baffles me how the Democrats have rallied around their wounded candidate ‪#‎WhichHillary‬.

Lowest favorability ratings ever for a candidate at this stage, an ongoing civil lawsuit for freedom of information act (FOIA) violations, an ongoing federal investigation on the miss handling of state secrets, the ongoing ‘little’ question why thousands of emails were deleted off the server she used for official government business (it’s obvious people if you think about it!), the non-release of her paid Wall Street speeches while saying she supports Wall Street reform (you understand why she’s not releasing them right?).

It’s truly baffling.

People are watching though….

I used to be very involved in the Democratic Party. I walked the streets door belling with now U.S. Senator Maria Cantwell (WA), I worked hard for U.S. Senator Patty Murray (WA) (I still like her, she’s awesome!), I went to many Democratic conventions, and I’ve been an elected Democratic precinct person (actually had to fulfill my state constitutional responsibilities once!).

How the party got to supporting this wound candidate is really baffling.

All this while Bernie Sanders supports traditional Democratic values; the environment receiving top priority because it threatens our national security, free public university education, Wall Street reforms, healthcare for all citizens, increasing taxes on the rich, putting a stop to endless wars that deplete our national treasure and the lives of our youth.

Traditional modern democratic values.

I blame it on Debbie Wasserman, Chair of the democratic national committee (DNC). She used to work for Clinton.

It’s like Democrats have entered their own echo chamber.
Despite all the support Bernie Sanders has earned with millions of votes, the Democratic Party has denied Bernie supporters from ‘any’ representation on the important Rules Committee for the upcoming National Convention.

What’s with that?

People don’t like change if it impacts their powerbase. But that is exactly what this country needs right now; change in the powerbase.

We The People have to make this happen.

I support Bernie Sanders as the Democratic candidate for president.
I am not paid by anybody to say that.
It’s just the right thing to do.
Oh yeah, I vote.

Follow

Get every new post delivered to your Inbox.

Join 1,928 other followers