source: We Are Change, Utah May 15, 2010
Register at www.AxiomConference.com
We Are Change, Utah, is proud to announce the first annual Axiom 2010: The Truth Tellers conference, to be held in Salt lake City, Utah. The event will be held at the Salt Lake Community College campus located in Sandy, Utah from Friday July 30 thru Sunday August 1st (9am-10pm each day).
Axiom [ak-see-uhm]
(1) a self-evident truth. (2) a universally accepted principle or rule.
Leave a Comment » | 
9/11, solutions, War of Terror, we are change | Tagged: 9/11, bailouts, banks, conference, constitution, New World Order, terrers, truth, war, we are change | 
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Posted by Brian
source: Washingtons Blog
People have asked whether moving your money from your giant bank to a small community bank or credit union will have any real affect on the too big to fails, given that most of their profits come from speculative investments instead of normal banking deposits.
According to the Nation, the answer is yes:
The cynics either do not understand banking or misunderstand the widespread public anger. Dennis Santiago, [influential bank-rating firm, Institutional Risk Analytics'] CEO and managing director, explained that banks compete fiercely for the “core deposits” provided by individual and small business accounts–this stable money is their preferred base for profitable lending. Take away core deposits, and bankers feel immediate balance-sheet stress. Expand the account base for community banks, and they gain greater stability and greater lending power. “Will moving your money have an effect?” Santiago asked. “And by effect, I don’t mean making a momentary political statement. I mean making a structural difference to the country’s financial system. The answer is yes.”
The Nation points out that a wide variety of campaigns to take back power are being launched from diverse sources:
A campaign launched by faith-based community organizations associated with the Industrial Areas Foundation identifies sky-high interest rates on credit cards and other lending as the ancient sin of usury. IAF groups are asking churches, foundations and local governments to withdraw funds from the usurious banks that profit by destroying borrowers. Organized labor, likewise, has launched an aggressive movement to insist on responsible investing values for the pension-fund wealth of working people, urging state treasurers and fund managers to invest for society’s interests as well as good returns.
Leave a Comment » | actions, people power, solutions | Tagged: bailouts, big banks, economy, move your money, Obama, small banks | Permalink
Posted by Brian
| by Shamus Cooke , source: Global Research
First Iceland, then Ireland, now Greece. Much of Europe is mired in inescapable debt and bankrupt nations, the result of crashing banks, bank bailouts, and soaring unemployment. The U.S. and U.K. watch from a distance, knowing their turn is next. The European corporate-elite — like their American counterparts — lavished non-stop praise on the “bold yet necessary” decision to bail out the banks; the economy was supposedly saved from “impending collapse.” But every action has an equal but opposite reaction. Bailing out the banks saved the butts of dozens of European bankers, but now millions of workers are about to experience a thundering kick in the ass. Unbeknownst to most Europeans, the public money that financed the bank bailouts created a massive public debt problem, to be solved by massively slashing public programs that benefit workers and the poor. This amounts to a blatant transfer of billions — maybe trillions of dollars — in public wealth, away from the majority of citizens toward a parasitic crust of bankers. |
Leave a Comment » | Federal Reserve | Tagged: bailouts, bankruptcy, collapse, crises, debt, depression, econmy, fail, inflation, money, public, recession | Permalink
Posted by Brian
source: Raw Story
The CEOs of Bear Stearns and Lehman Brothers, the two investment banks that collapsed during last year’s financial meltdown, walked away with hundreds of millions of dollars in compensation even as the company’s shareholders lost everything, says a new report from Harvard Law School.
The top five executives at Bear Stearns made a total of $1.4 billion from bonuses and equity sales between 2000 and 2008, while the top five executives at Lehman Brothers made around $1 billion during that same period — the period during which the companies ran up the bad investments that would see them collapse in 2008, according to “The Wages of Failure” (PDF), a report from Harvard Law School’s Program on Corporate Governance.
Leave a Comment » | Corporate Control, Federal Reserve | Tagged: bailouts, bear sterns, cashed out, CEO, crash, Federal Reserve, harvard, Lehman Brothers, market, meltdown, profits, record, wall street | Permalink
Posted by Brian
source: Washingtons Blog
Pop quiz.
Guess who wrote the following, someone on the left or the right:
These are not really “town meetings” at all, at least in the sense of the town meetings I grew up with, and started out covering as a young journalist in Connecticut–that is, meetings called and run democratically, with leaders elected from the floor, open to all residents of a community.
These “town meetings” are really nothing but propaganda sessions run by members of Congress who are trying to burnish their fraudulent credentials as public servants, and trying to perpetrate a huge fraud of a health care bill that purports to be a progressive “reform” of the US health care system, but that actually further entrenches the control of that system by the insurance industry, and to a lesser extent, the hospital and drug industry.
ObamaCare is to health reform what bank bailouts are to financial system reform, which is to say it is the opposite of what its name implies…
Leave a Comment » | health, Obama | Tagged: bailouts, hall, health, insurance, obamacare, reform, town | Permalink
Posted by Brian
