I am in Washington DC for the national conference of the National Consumer Law Center. Our special guest today was Senator Elizabeth Warren. In a blistering plain-language talk, delivered to an audience of approximately 900 consumer lawyers, Warren took aim at lobbyists, courts and the campaign finance system. [more . . . ]
Lee Camp explains why it is absurd for Barack Obama to even be considering putting Larry Summers in charge of the Federal Reserve.
Here is the referenced article by Greg Palast. Here’s an excerpt:
The Memo confirmed every conspiracy freak’s fantasy: that in the late 1990s, the top US Treasury officials secretly conspired with a small cabal of banker big-shots to rip apart financial regulation across the planet. When you see 26.3% unemployment in Spain, desperation and hunger in Greece, riots in Indonesia and Detroit in bankruptcy, go back to this End Game memo, the genesis of the blood and tears.
The Treasury official playing the bankers’ secret End Game was Larry Summers. Today, Summers is Barack Obama’s leading choice for Chairman of the US Federal Reserve, the world’s central bank. If the confidential memo is authentic, then Summers shouldn’t be serving on the Fed, he should be serving hard time in some dungeon reserved for the criminally insane of the finance world.
The memo is authentic.
Binyamin Appelbaum, an economics reporter for the New York Times, summed it up sharply on Twitter: “Obama is really mad at Edward Snowden for forcing us patriots to have this critically important conversation.”