BANK of AMERICA, A MAJOR LA RAZA DONOR & OBAMA'S ASSAULT ON JOBS

CRIMINAL BANKSTER & FORECLOSURE PROFITEER, BANK of AMERICA, A MAJOR LA RAZA DONOR WITH A POLICY OF NOT HIRING AMERICAN BORN EMPLOYEES, GOES UNDER! B of A, and WELLS FARGO are both major donors to the MEXICAN FASCIST PARTY of LA RAZA. SEN. DIANNE FEINSTEIN, WAR PROFITEER, AND MAJOR DONOR TO BARACK OBAMA, IS A SERVANT TO BANK of AMERICA and WELLS FARGO. THIS SQUALID POLITICIAN HAS TAKEN BUNDLES OF MONEY FROM HER BANKSTER PAYMASTERS, AND HAS VOTED FOR EACH AND EVERY NO-STRINGS BAILOUTS OBAMA COULD GENERATE FOR HIS BANKSTERS. YOU WILL NEVER HEAR ANYTHING ABOUT THE FORECLOSURES CRISIS OR UNEMPLOYMENT COME OUT OF FEINSTEIN’S FAT MOUTH EXCEPT AMNESTY! AMNESTY! AMNESTY! GIVE US AMNESTY AND OPEN BORDERS TO KEEP WAGES DEPRESSED! FEINSTEIN HAS LONG HIRED ILLEGALS AT HER S.F HOTEL ONLY MILES FROM HER $16 MILLION DOLLAR S.F. WAR PROFITS MANSION ( HER COLLEAGUE, LA RAZA NANCY PELOSI HIRES ILLEGALS AT HER NAPA WINERY)! “These developments are indicative of a new stage of the world economic crisis and a heightened assault on the jobs and living standards of the working class in the US and internationally.” * FEINSTEIN’S PAYMASTERS: “This is under conditions where the nearly three years since the Wall Street crash of September 2008 have been used to plunder public treasuries in order to cover the bad debts of the bankers and speculators, while savage austerity measures have been imposed to make the working class pay for the resulting bankruptcy of the state.” * OBAMAnomics: “On the contrary, the policy of bailing out the banks and flooding financial markets with virtually free money, combined with a ferocious attack on the wages and living standards of the working class, has exacerbated the crisis and prepared the way for an even greater collapse.” * “I’M NOT HERE TO PUNISH BANKS!” Barack Obama, Floor of the Senate in the faces of the American people, just after he LIED that OBAMAcare did NOT include illegals! “The second is the rise to unchallenged dominance of a parasitic financial oligarchy which opposes any reform measures that might impinge on its wealth and power, and which exercises veto power over government policy.” * ON AUGUST 18, 2011, BARACK OBAMA ANNOUNCED AN AMNESTY FOR 300,000 ILLEGALS TO EXPAND HIS LA RAZA PARTY BASE OF ILLEGAL VOTERS. SINCE HE HAS BECOME PRESIDENT HUNDREDS OF THOUSANDS OF MEXICO’S EXPORTED POOR, CRIMINALS AND PREGNANT HAVE CROSS OUR WIDE OPEN BORDERS TO LOOT THIS NATION. VIVA LA RAZA? OBAMA HAS THE MOST LA RAZA INFESTED ADMINISTRATION IN HISTORY! “They are living paycheck to paycheck,” he said. “How long can the nation go forward with such a high unemployment rate?” Bank of America prepares to slash 10,000 jobs By Barry Grey 20 August 2011 Amidst plunging stock markets, fears of a new banking crisis, and near-zero economic growth in the US, Europe and Japan, Bank of America, the biggest US bank by assets, has announced 3,500 job cuts this quarter and is reportedly preparing to lay off over 10,000 workers in the coming months. Bank of America CEO Brian Moynihan announced the 3,500 job cuts in an internal memo Thursday and said they were part of a sweeping restructuring and downsizing effort. The Wall Street Journal on Friday cited "one person familiar with the situation" as saying at least 10,000 jobs will likely be eliminated. The 3,500 layoffs, to be completed by September, come on top of 2,500 job cuts carried out year-to-date. A number of major US banks have slashed jobs in recent weeks and the scale of financial sector layoffs is expected to increase in the fall. The Bank of America layoffs follow the release by the US Postal Service of plans to eliminate 220,000 jobs and the report earlier this month by the outplacement consultancy firm Challenger, Gray & Christmas that announced job cuts in the US soared in July to a 16-month high. It also coincides with the announcement by the German utility giant Eon that it plans to slash 11,000 jobs. This week as well the British government announced a rise in its unemployment rate in the second quarter and noted that the number of people claiming jobless benefits had increased at the fastest monthly rate since May 2009, before the official end of the recession. These developments are indicative of a new stage of the world economic crisis and a heightened assault on the jobs and living standards of the working class in the US and internationally. The much vaunted “recovery” has collapsed and the world is once again plunging into full-scale slump. All claims that the crisis was a temporary aberration have been shattered, exposing the reality of a fundamental and historic breakdown of the world capitalist system. This is under conditions where the nearly three years since the Wall Street crash of September 2008 have been used to plunder public treasuries in order to cover the bad debts of the bankers and speculators, while savage austerity measures have been imposed to make the working class pay for the resulting bankruptcy of the state. It is now undeniable that these measures have done nothing to resolve the underlying problems or produce a genuine economic recovery. On the contrary, the policy of bailing out the banks and flooding financial markets with virtually free money, combined with a ferocious attack on the wages and living standards of the working class, has exacerbated the crisis and prepared the way for an even greater collapse. It has fatally compromised the credibility of the US dollar, symbolized by the first-ever downgrade of America’s credit rating earlier this month, leaving the world without a stable monetary system. It has led to the sovereign debt crisis in Europe that is undermining the euro as the common currency and setting the stage for a return to the national conflicts and trade and currency wars that produced two world wars in the last century. And it has impoverished growing numbers of workers, slashing consumption and undermining any real prospect for economic growth. Behind these class-war policies are two interlinked factors. The first is the historic crisis of the capitalist system, centered in the decay of American capitalism and decline in the world economic position of the United States. The second is the rise to unchallenged dominance of a parasitic financial oligarchy which opposes any reform measures that might impinge on its wealth and power, and which exercises veto power over government policy. Capitalist governments are incapable of offering any policies to address the jobs crisis, provide social relief, or halt the slide into full-scale depression. In the US, the Obama administration rejects any government programs to hire the unemployed and instead presses for trillions of dollars of cuts in basic social programs upon which tens of millions of people rely. Meanwhile, the signs of the growing social catastrophe proliferate. This week has seen events announced as “job fairs” in Detroit and Atlanta that attracted thousands of workers desperate for employment. The mass turnouts have provided a glimpse of the scale of social distress. (WELFARE FOR ILLEGALS IN LOS ANGELES COUNTY ALONE NOW EXCEEDS $600 MILLION PER YEAR!) This week as well the Annie E. Casey Foundation, a child advocacy group, released a report showing that child poverty in the US rose to 20 percent in 2009 from 17 percent in 2000, with child poverty growing in 38 of the 50 US states. New data was released Friday documenting the worsening jobs crisis. The Labor Department reported that the unemployment rate rose in July in more than half of the 50 states for a second straight month. Joblessness rose in 28 states, fell in only nine and remained unchanged in 13. And the low-price retail giant Walmart warned Tuesday that mass unemployment was devastating its customer base. Reporting its ninth consecutive quarter of falling sales at its US stores, the company’s US head, Bill Simon, said, “We remain concerned about the economic pressure on our customers and the uncertain impact it can have on their shopping behavior.” Charles Holley, the chief financial officer, said a growing number of Walmart shoppers are using food stamps and unemployment insurance checks. “They are living paycheck to paycheck,” he said. “How long can the nation go forward with such a high unemployment rate?” The so-called job fairs in Detroit and Atlanta exposed the reactionary and cynical character of what passes for the left wing of the Democratic Party and its allies among the various pseudo-left organizations. These events were sponsored by the Congressional Black Caucus for the purpose of making a pretense of fighting for jobs, so as to contain the growing disillusionment and anger toward Obama, particularly among black workers, within the safe confines of the Democratic Party. In fact, no job interviews were conducted and no people were hired. The workers were told simply to submit their resumés and add their names to the outsized list of job-seekers with no prospect of decent employment. Neither the Congressional Black Caucus or any other section of the political establishment is proposing any serious measures to provide jobs or social relief for the victims of corporate job- and wage-cutting. The fight for jobs and the defense of the basic rights of the working class is a fight against the capitalist system and its political representatives. The Socialist Equality Party is fighting for the independent mobilization of workers and youth in the US against the Obama administration and both parties of big business, as part of an international struggle of the working class. There can be no economic recovery for the masses of people outside of the implementation of a socialist program, including the nationalization of the banks and major corporations and their transformation into public enterprises under the democratic control of the working people. Only on this basis can the vast resources and wealth of society be mobilized to meet social needs, not private profit. As an initial step, the SEP calls for a massive public works program to provide jobs at decent pay for the unemployed and rebuild the country’s crumbling infrastructure. The funds for this program should be obtained by imposing a 100 percent tax surcharge on all household incomes above $500,000 a year, raising the corporate tax rate, and seizing the ill-gotten wealth of the bankers and speculators whose semi-criminal activities triggered the crisis. The realization of these policies requires a political break with the Democrats and the fight for a workers’ government and socialism. * GET ON WSWS.org FREE NO, NO CORPORATE ADS IN YOUR FACE E-NEWS! * OBAMA’S CRONY CAPITALISM, A LOVE STORY BETWEEN THE ACTOR PRESIDENT, AND HIS BANKSTER DONORS! Records show that four out of Obama's top five contributors are employees of financial industry giants - Goldman Sachs ($571,330), UBS AG ($364,806), JPMorgan Chase ($362,207) and Citigroup ($358,054). http://mexicanoccupation.blogspot.com/2011/08/barack-obama-one-of-greatest-tragedies.html * "Bank of America is currently experiencing severe financial woes and we are offering to publicly drop our boycott efforts if the bank will publicly announce an end to their program designed to issue credit cards and mortgages to illegal immigrants." said William Gheen of ALIPAC. "We also want Bank of America to stop donating to the racist illegal alien supporting organization called the National Council of La Raza (NCLR) as well." * http://mexicanoccupation.blogspot.com/2011/08/bank-of-america-criminal-banksters-for.html Bank of America Boycott Offers BofA a Truce August 18, 2011 CONTACT: Americans for Legal Immigration PAC (ALIPAC) (866) 703-0864 / Press@alipac.us The organizers of a national boycott against Bank of America, that has been ongoing since February of 2007 in response to BofA's plan to offer credit cards and mortgages to illegal aliens, has offered to end the boycott if BofA will end the credit card program. Over 132,000 Americans have signed the boycott online petition found at http://www.bankofamericaboycott.com/ to "demand that all companies and corporations operating within the territory of the USA cease and desist any financial or political support for illegal aliens" Bank of America's stock is crashing after reports indicating the bank is losing billions of dollars. Bank of America's credit cards for illegal immigrants plan received national press coverage as did the launch of the Bank of America Boycott led by Americans for Legal Immigration PAC. American citizens flooded BofA headquarters in Charlotte, NC with complaint calls, large numbers closed their accounts with BofA, moved their mortgages to other companies, and mailed in cut up Bank of America debit and credit cards in protest. It is a violation of federal law to aid and abet illegal aliens inside the United States and numerous certified polls show that over 80% of Americans oppose benefits knowingly offered to illegal aliens. "Bank of America is currently experiencing severe financial woes and we are offering to publicly drop our boycott efforts if the bank will publicly announce an end to their program designed to issue credit cards and mortgages to illegal immigrants." said William Gheen of ALIPAC. "We also want Bank of America to stop donating to the racist illegal alien supporting organization called the National Council of La Raza (NCLR) as well." Each week, thousands of Americans see the website www.BankofAmericaBoycott.com and the associated information located there. The website also has a large list of banks that do or do not accept the Matricula Consular cards that the Mexican government sells to illegal aliens in America. Bank of America's name remains synonymous with illegal immigration due to the lasting discussion of this scandal. Talk radio shows and bloggers across America continue to mention BofA's issuance of credit and mortgages to illegal aliens, and the resultant backlash from Americans, in discussions of the bank's current financial crisis. "Unless Bank of America drops their efforts to finance illegal immigrants in America, we will continue and strengthen our boycott efforts." said William Gheen. "Furthermore, we are asking the over 132,000 people who have signed our online petition to contact the Congress demanding that no tax resources be used to bail out Bank of America as long as the bank continues to violate federal law by willfully aiding and abetting illegal immigrants on US soil." Americans for Legal Immigration PAC and other illegal immigration fighting groups in the NIIBC (National Illegal Immigration Boycott Coalition) hope that Bank of America will do the right thing by ending these morally repugnant practices and become a good corporate citizen in America by ending its support for illegal aliens and groups that support illegals like NCLR. * FOUR CRIMINAL BANKSTERS, ALL IN BED WITH OBAMA, CONTINUE TO PILLAGE A NATION! 4 Wall Street Banks Still Dominate Derivatives Trade By BEN PROTESS A few select titans of Wall Street continue to dominate the banking industry’s role in derivatives trading, according to a report issued by the Office of the Comptroller of the Currency. The nation’s four largest banks — JPMorgan Chase, Citigroup, Bank of America and Goldman Sachs — hold nearly 95 percent of the industry’s total exposure to derivatives contracts, the report found. JPMorgan, topping all commercial banks, holds nearly $78 trillion of the industry’s $231 trillion in derivatives, according to the report by the comptroller, the federal agency that regulates national banks. Citi is next on the list, with more than $50 trillion in the insurancelike contracts. The banks — which structure, buy and trade derivatives — have at least one good reason to wield such a heavy hand in derivatives: they drive profits. * Obama's Wall Street cabinet 6 April 2009 A series of articles published over the weekend, based on financial disclosure reports released by the Obama administration last Friday concerning top White House officials, documents the extent to which the administration, in both its personnel and policies, is a political instrument of Wall Street. Policies that are extraordinarily favorable to the financial elite that were put in place over the past month by the Obama administration have fed a surge in share values on Wall Street. These include the scheme to use hundreds of billions of dollars in public funds to pay hedge funds to buy up the banks’ toxic assets at inflated prices, the Auto Task Force’s rejection of the recovery plans of Chrysler and General Motors and its demand for even more brutal layoffs, wage cuts and attacks on workers’ health benefits and pensions, and the decision by the Financial Accounting Standards Board (FASB) to weaken “mark-to-market” accounting rules and permit banks to inflate the value of their toxic assets. At the same time, Obama has campaigned against restrictions on bonuses paid to executives at insurance giant American International Group (AIG) and other bailed-out firms, and repeatedly assured Wall Street that he will slash social spending, including Medicare, Medicaid and Social Security. The new financial disclosures reveal that top Obama advisors directly involved in setting these policies have received millions from Wall Street firms, including those that have received huge taxpayer bailouts. The case of Lawrence Summers, director of the National Economic Council and Obama’s top economic adviser, highlights the politically incestuous character of relations between the Obama administration and the American financial elite. Last year, Summers pocketed $5 million as a managing director of D.E. Shaw, one of the biggest hedge funds in the world, and another $2.7 million for speeches delivered to Wall Street firms that have received government bailout money. This includes $45,000 from Citigroup and $67,500 each from JPMorgan Chase and the now-liquidated Lehman Brothers. For a speech to Goldman Sachs executives, Summers walked away with $135,000. This is substantially more than double the earnings for an entire year of high-seniority auto workers, who have been pilloried by the Obama administration and the media for their supposedly exorbitant and “unsustainable” wages. Alluding diplomatically to the flagrant conflict of interest revealed by these disclosures, the New York Times noted on Saturday: “Mr. Summers, the director of the National Economic Council, wields important influence over Mr. Obama’s policy decisions for the troubled financial industry, including firms from which he recently received payments.” Summers was a leading advocate of banking deregulation. As treasury secretary in the second Clinton administration, he oversaw the lifting of basic financial regulations dating from the 1930s. The Times article notes that among his current responsibilities is deciding “whether—and how—to tighten regulation of hedge funds.” Summers is not an exception. He is rather typical of the Wall Street insiders who comprise a cabinet and White House team that is filled with multi-millionaires, presided over by a president who parlayed his own political career into a multi-million-dollar fortune. Michael Froman, deputy national security adviser for international economic affairs, worked for Citigroup and received more than $7.4 million from the bank from January of 2008 until he entered the Obama administration this year. This included a $2.25 million year-end bonus handed him this past January, within weeks of his joining the Obama administration. Citigroup has thus far been the beneficiary of $45 billion in cash and over $300 billion in government guarantees of its bad debts. David Axelrod, the Obama campaign’s top strategist and now senior adviser to the president, was paid $1.55 million last year from two consulting firms he controls. He has agreed to buyouts that will garner him another $3 million over the next five years. His disclosure claims personal assets of between $7 and $10 million. Obama’s deputy national security adviser, Thomas E. Donilon, was paid $3.9 million by a Washington law firm whose major clients include Citigroup, Goldman Sachs and the private equity firm Apollo Management. Louis Caldera, director of the White House Military Office, made $227,155 last year from IndyMac Bancorp, the California bank that heavily promoted subprime mortgages. It collapsed last summer and was placed under federal receivership. The presence of multi-millionaire Wall Street insiders extends to second- and third-tier positions in the Obama administration as well. David Stevens, who has been tapped by Obama to head the Federal Housing Administration, is the president and chief operating officer of Long and Foster Cos., a real estate brokerage firm. From 1999 to 2005, Stevens served as a top executive for Freddie Mac, the federally-backed mortgage lending giant that was bailed out and seized by federal regulators in September. Neal Wolin, Obama’s selection for deputy counsel to the president for economic policy, is a top executive at the insurance giant Hartford Financial Services, where his salary was $4.5 million. Obama’s Auto Task Force has as its top advisers two investment bankers with a long resume in corporate downsizing and asset-stripping. It is not new for leading figures from finance to be named to high posts in a US administration. However, there has traditionally been an effort to demonstrate a degree of independence from Wall Street in the selection of cabinet officials and high-ranking presidential aides, often through the appointment of figures from academia or the public sector. In previous decades, moreover, representatives of the corporate elite were more likely to come from industry than from finance. In the Obama administration such considerations have largely been abandoned. This will not come as a surprise to those who critically followed Obama’s election campaign. While he postured before the electorate as a critic of the war in Iraq and a quasi-populist force for “change,” he was from the first heavily dependent on the financial and political backing of powerful financiers in Chicago. Banks, hedge funds and other financial firms lavishly backed his presidential bid, giving him considerably more than they gave to his Republican opponent, Senator John McCain. Alongside Wall Street, the Obama cabinet is dominated by the military, including three recently retired four-star military officers: former Marine General James Jones as national security adviser; Admiral Dennis Blair as director of national intelligence, and former Army Chief of Staff Erik Shinseki as secretary of veterans’ affairs. These are the deeply reactionary political and class interests that are represented by the Obama administration. Friday’s financial disclosures further expose the bankruptcy of American democracy. Elections have no real effect on government policy, which is determined by the interests of the financial aristocracy that dominates both political parties. The working class can fight for its own interests—for jobs, decent living standards, health care, education, housing and an end to war—only through a break with the two parties of American capitalism and the development of a mass, independent socialist movement. Tom Eley and Barry Grey * Obama’s Economic Advisers: International Socialists, Union Thugs, NBC Execs, Soros Scholars, Subprime Lenders, Amnesty Shills, and Campaign Cronies Posted on February 24, 2011 by Ben Johnson http://floydreports.com/obama%E2%80%99s-economic-advisers-international-socialists-union-thugs-nbc-execs-soros-scholars-subprime-lenders-amnesty-shills-and-campaign-cronies/ * Obama’s Economic Advisers: International Socialists, Union Thugs, NBC Execs, Soros Scholars, Subprime Lenders, Amnesty Shills, and Campaign Cronies * Go to http://www.MEXICANOCCUPATION.blogspot.com WHY OBAMA HIRED J.P. MORGAN’S WILLIAM DAILY…. OPEN BORDERS! OBAMA HAS INFESTED HIS ADMINISTRATION WITH LA RAZA PARTY MEMBERS TO PUSH FOR AMNESTY, “CHEAP” MEX LABOR IN OUR JOBS TO KEEP HIS CORPORATE PAYMASTERS HAPPY AND GENEROUS, AND HAS TURNED OUR NATION’S SECURITY INTO Dept. Homeland Security = PATHWAY TO CITIZENSHIP! ANYTHING TO KEEP THE HORDES OF ILLEGALS CLIMBING OUR BORDERS! WILLIAM DAILY IS CLOSELY IDENTIFIED WITH BIG OBAMA DONOR, BANKSTER CRIMINALS J.P. MORGAN! WHEN OBAMA GETS OUT OF BED, HE MARCHES FOR HIS BANKSTERS AND LA RAZA! FROM CREOLE FOLKS Obama Seeks Brother of "Chicago Mob Boss" for Top White House Post The roaches and con-artist, fake journalist on cable news are all lying about William Daley being all this and all that, this man is an open borders, down with America, free trade globalist. MSNBC and Gretta "the Scientology" Van Susteren from Fox News are knowingly deceiving the public about D. Issa & his letter to "business owners"=which they made into such a BIG DAM DEAL, but no one says anything when Barrack Hussein Obama, comes around with all of these shady bankers, hedge fund managers and Wall St. Tycoons, which he puts in his cabinet. All of Obama's meeting with Wall Street asking, "What can I do for you?" is never something covered by Keith Oberman or Rachel Maddow. (Bloomberg) -- President Barack Obama is considering naming William Daley, a JPMorgan Chase & Co. executive and former U.S. Commerce secretary, to a high-level administration post, possibly White House chief of staff, people familiar with the matter said. Such a move, which is still under discussion, would bring a Washington veteran -- and someone with strong business ties -- into the administration as Obama sets out an agenda for the second half of his term while dealing with a Republican majority in the House of Representatives. * Obama Quietly Erasing Borders (Article) Article Link: http://www.wnd.com/index.php?fa=PAGE.view&pageId=240045 * Obamanomics: How Barack Obama Is Bankrupting You and Enriching His Wall Street Friends, Corporate Lobbyists, and Union Bosses BY TIMOTHY P CARNEY Editorial Reviews Obama Is Making You Poorer—But Who’s Getting Rich? Goldman Sachs, GE, Pfizer, the United Auto Workers—the same “special interests” Barack Obama was supposed to chase from the temple—are profiting handsomely from Obama’s Big Government policies that crush taxpayers, small businesses, and consumers. In Obamanomics, investigative reporter Timothy P. Carney digs up the dirt the mainstream media ignores and the White House wishes you wouldn’t see. Rather than Hope and Change, Obama is delivering corporate socialism to America, all while claiming he’s battling corporate America. It’s corporate welfare and regulatory robbery—it’s Obamanomics. * Obama Is Making You Poorer—But Who’s Getting Rich? Goldman Sachs, GE, Pfizer, the United Auto Workers—the same “special interests” Barack Obama was supposed to chase from the temple—are profiting handsomely from Obama’s Big Government policies that crush taxpayers, small businesses, and consumers. * WHAT DID THE BANKSTERS KNOW ABOUT OUR ACTOR OBAMA THAT WE DIDN’T KNOW? * Records show that four out of Obama's top five contributors are employees of financial industry giants - Goldman Sachs ($571,330), UBS AG ($364,806), JPMorgan Chase ($362,207) and Citigroup ($358,054). BARACK OBAMA HAS COLLECTED NEARLY TWICE AS MUCH MONEY AS JOHN McCAIN BY DAVID SALTONSTALL DAILY NEWS SENIOR CORRESPONDENT July 1st 2008 Wall Street firms have chipped in more than $9 million to Barack Obama. Zurga/Bloomberg Wall Street is investing heavily in Barack Obama. Although the Democratic presidential hopeful has vowed to raise capital gains and corporate taxes, financial industry bigs have contributed almost twice as much to Obama as to GOP rival John McCain, a Daily News analysis of campaign records shows.