Achieve power to give more tax breaks to the already rich, power totally unconstrained by ethics or morality or notion off the common weal of our United States society.
Understand my high hopes for the Obama administration--little things like restoring the rule of law and closing the Guantanamo Bay concentration camp--but hope alone cannot create institutional change, especially with an anti-American party abusing filibuster rules in the Senate to prevent common sense strategies for creating jobs.
Only hard work over time by humans using people power to connect rather than nuclear money bombs from right wing billionaires, only several more election cycles and people putting forth progressive ideas and solutions.
For the love of La Follettes' ghosts, not even Michael Moore will vote this year for the Green Party candidate for President.
Showing posts with label Banks RepubliKKKans. Show all posts
Showing posts with label Banks RepubliKKKans. Show all posts
Saturday, August 18, 2012
Saturday, July 2, 2011
Afghanistan Gets Banking Reform: US Doesn't
[The challenge of fixing Kabul Bank has posed a daunting task for the Afghan government. It has responded, under international pressure, by stripping the shareholders of their ownership, putting the bank into receivership and breaking it into two parts: the “New Kabul Bank” for depositors and functioning loans, and another part functioning as a collection agency for the bad loans.]
http://www.washingtonpost.com/world/asia-pacific/elaborate-ruse-behind-vast-kabul-bank-fraud/2011/06/30/AGL3bmsH_story.html
[{Tim} Geithner’s main function in crafting what became the Dodd-Frank Act and the lobbying around its key provisions was to argue for weaker rather than stronger ones. Backbenchers in Congress like Senators Merkley, Levin, Kaufman, Reed of Rhode Island, and Franken were instead the advocates of strong reforms. Geithner explicitly opposed many efforts by progressive senators to toughen the bill, as when he opposed a ban on “naked” credit-default swaps (the Dorgan Amendment) or setting explicit limits on the market share of large banks or returning to the strict separations between speculation and investment of the Glass-Steagall Act. Obama, to Geithner’s great discomfort, invoked that reform as the “Volcker Rule,” but then Geithner successfully fought to undermine a serious version of it.]
http://prospect.org/cs/articles?article=so_long_so_long_and_thanks_from_all_the_banks
http://www.washingtonpost.com/world/asia-pacific/elaborate-ruse-behind-vast-kabul-bank-fraud/2011/06/30/AGL3bmsH_story.html
[{Tim} Geithner’s main function in crafting what became the Dodd-Frank Act and the lobbying around its key provisions was to argue for weaker rather than stronger ones. Backbenchers in Congress like Senators Merkley, Levin, Kaufman, Reed of Rhode Island, and Franken were instead the advocates of strong reforms. Geithner explicitly opposed many efforts by progressive senators to toughen the bill, as when he opposed a ban on “naked” credit-default swaps (the Dorgan Amendment) or setting explicit limits on the market share of large banks or returning to the strict separations between speculation and investment of the Glass-Steagall Act. Obama, to Geithner’s great discomfort, invoked that reform as the “Volcker Rule,” but then Geithner successfully fought to undermine a serious version of it.]
http://prospect.org/cs/articles?article=so_long_so_long_and_thanks_from_all_the_banks
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