Tuesday, March 18, 2014

BUSINESS AS USUAL FOR OBAMA'S CRONY BANKSTERS! Democrats demand meeting with Holder | TheHill

Democrats demand meeting with Holder | TheHill


HOW CRIMINAL WALL STREET BANKS and the MEXICAN FASCIST PARTY of LA RAZA FUNDED BY BARACK OBAMA, BUILT AN OBAMA DICTATORSHIP.

“Slowly, Mr. Obama has changed the United States into another country — the Soviet States of America — an authoritarian state where false promises of "hope and change" were used to manipulate the public.”
http://mexicanoccupation.blogspot.com/2013/05/a-case-for-impeachment-how-criminal.html

THE OBAMA and WALL STREET ASSAULT ON AMERICA… YOUR CITY IS NEXT!
This report is another example of the obscene concentration of wealth in America that has raised inequality to a level not seen in more than a century. Wages for workers in the United States are at their lowest level since the 1950s.

more at this link – post on your Facebook and email broadcast



REALITY of HOPE & CHANGE…. will we survive Wall Street’s ongoing looting?
State of the Union: A bankrupt ruling class talking to itself
30 January 2014
President Barack Obama’s State of the Union speech was a cynical propaganda piece, filled with fraudulent claims and promises that no one, least of all his audience at the US Capitol, believes in the slightest.
With Obama’s speech Tuesday night one had more than ever the sense of the president as chief representative of the financial aristocracy that rules America, speaking to a house filled with millionaire congress members and bought-and-paid-for representatives of big business.

Government of, by, and for the banks

25 May 2013

Five years since the 2008 financial meltdown, the speculation and fraud that caused the crash are back in full force in the United States. Flush with the $85 billion in cash printed up and handed to the banks every month by the Federal Reserve, business at the Wall Street casino is booming. Stock values are at record levels and so are bank profits, amidst declining wages and mass poverty.


Under these conditions, the banks have been pushing to rip up even the very modest restrictions on financial speculation, while broadening the scope of government bailout laws. The aim is simple: to give banks the maximum ability to speculate without constraint, while getting the maximum possible government assistance if and when the bubble collapses.

So close is the bankers’ grip on the reins of government that, no longer content to let their bought-and-paid-for politicians write laws, the banks have taken to doing the work themselves.

This was the case with a bill that passed the House Financial Services Committee this month, HR 992, which significantly expands the number of financial institutions eligible for coverage by the Federal Deposit Insurance Corporation (FDIC). The bill, which passed with majority support by both Democrats and Republicans, amends an earlier law that prevented financial institutions that trade swaps—a set of dangerous and largely unregulated derivatives—from coverage by the FDIC.

The New York Times reported Friday that, according to emails the newspaper examined, 70 out of the bill’s 85 lines were based on the recommendations of Citigroup, one of the largest US banks. Two paragraphs were inserted nearly word-for-word from an email written to lawmakers by the bank.

The bill restricts provisions in the Dodd–Frank Wall Street Reform and Consumer Protection Act, signed on July 21, 2010. This law was largely a publicity measure by the Obama administration, made to appear as a crackdown on financial speculation while in reality allowing the banks to go on with business as usual.

Instead of creating regulations, the Dodd-Frank bill merely mandated that a series of regulations be implemented at some point in the future by regulators. Nearly three years after the bill’s passage, the vast majority of these regulations have not been implemented.

Out of 135 bank regulatory rules mandated by the Dodd-Frank bill, only 40 have been put into effect. The act’s much-vaunted mandate for the creation of a “Volcker rule,” preventing deposit-taking institutions from carrying out financial speculation, remains a dead letter.

Moreover, many of the provisions of the Dodd-Frank bill, toothless as they were, are being scaled back by subsequent acts of Congress, such as HR 992, described above.

Even those regulations that have been implemented have been even further weakened by regulators to comply with the demands of the banks. Last week, the Commodity Futures Trading Commission voted to implement regulations on derivatives—speculative financial products based on other asset values—that were significantly weakened from those that were proposed under Dodd-Frank.

The Commission had initially proposed that the purchasers of derivatives be required to contact five banks when seeking to set the price of a contract. Under the new law, purchasers are only required to contact two banks, further tightening the monopoly of a handful of institutions that dominate the largely unregulated multitrillion-dollar derivatives market.

The bill likewise originally proposed that derivatives be traded on electronic exchanges similar to stock markets, so that buyers would have a better understanding of prices across the market, making price gouging by issuers more difficult. But the final rules allow for much of derivatives trading to take place over the phone, making it nearly impossible to regulate.

“I’m not here to punish banks!” Barack Obama – State of the Union – NOW MOST OF THESE CRIMINAL BANKSTERS WORK IN THE OBAMA ADMINISTRAITON NOW!

Despite a mountain of evidence—including a voluminous 2011 report by the Senate Permanent Subcommittee on Investigations—that the 2008 financial crash was directly linked to rampant lawbreaking by Wall Street, not a single executive at a major bank has been criminally prosecuted, much less gone to jail.

The Wall Street giants emerged from the financial crisis larger and more powerful than ever, and, as shown by government inquiries into JPMorgan’s $6 billion trading loss last year, their activities are just as speculative and parasitic as before the crash.

These factors, combined with the vast amounts of money being pumped into the financial markets by central banks make a new financial crash all but inevitable.

Throughout all this, the role of the government has been to cover up and facilitate the banks’ crimes, seeking to create the appearance of regulation, while allowing Wall Street to operate with impunity.

The main nexus between the banks and government is the Obama administration itself, which, with every new appointment, becomes ever more a government of, by, and for the financial oligarchy.

NOW MOST OF THESE CRIMINAL BANKSTERS WORK IN THE OBAMA ADMINISTRAITON NOW!

In January Obama appointed as treasury secretary Jacob Lew, who earned millions of dollars as the chief operating officer of Citigroup’s Alternative Investments unit, which made bets against the housing market as it collapsed.

NOW MOST OF THESE CRIMINAL BANKSTERS WORK IN THE OBAMA ADMINISTRAITON NOW!

This month Obama appointed Penny Pritzker, a hotel heiress and private equity firm operator, as commerce secretary. With a net worth of $1.85 billion, Pritzker is the wealthiest person in US history to serve in the president’s cabinet.

These developments demonstrate the impossibility of reining in the financial criminals within the confines of the present political system. The government and both parties serve as little more than errand boys for the bankers, who exercise a dictatorship over political life in the United States.

Andre Damon

OBAMANOMICS: BANK PROFITS and CRIMES SOAR UNDER OBAMA… so do foreclosures!

FORECLOSED ON AMERICA: HOW BARACK OBAMA and HIS CRIMINAL BANKSTERS LOOTED A NATION AND THEN PROFITEERED OFF THEIR CRIMES


Sen. Feinstein's Husband Cashes In on Crisis Ethical? Ethnics never enter into a deal Feinstein is pushing in Congress! FEINSTEIN IS A MAJOR OBAMA DONOR. SHE MAKES SIGNIFICATN "CONTRIBUTIONS" TO DEMS ALL OVER THE NATION SO THEY KEEP THEIR MOUTH SHUT ABOUT HER LOOTING OFF ELECTED OFFICE.

On the day the new Congress convened this year, Sen. Dianne Feinstein introduced legislation to route $25 billion in taxpayer money to a government agency that had just awarded her husband's real estate firm a lucrative contract to sell foreclosed properties at compensation rates higher than the industry norms, the Washington Times reported on Tuesday.









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