Elizabeth Warren tells the OCC and the Fed that their job is not to hide evidence of lawbreaking

Senator Elizabeth Warren educates Daniel P. Stipano, Deputy Chief Counsel, Office of the Comptroller of the Currency and Richard Ashton, Deputy General Counsel, Board of Governors of the Federal Reserve. They look surprised that they should actually be looking out to help out victims of the banks and not helping the banks to hide evidence of law-breaking by those banks that conducted illegal foreclosures. Thank goodness we have Senator Warren on the job.

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Bail-in of big banks as an ongoing strategy

Was Cyprus a one-off situation? At Alternet, Ellen Brown says no, and she indicates that the repeal of Glass-Steagall, "too big to fail" and the subsequent $230 trillion derivatives boondoggle should make many of us wary.

The Cyprus bail-in was not a one-off emergency measure but was consistent with similar policies already in the works for the US, UK, EU, Canada, New Zealand, and Australia, as detailed in my earlier articles here and here. “Too big to fail” now trumps all. Rather than banks being put into bankruptcy to salvage the deposits of their customers, the customers will be put into bankruptcy to save the banks. The big risk behind all this is the massive $230 trillion derivatives boondoggle managed by US banks . . . The tab for the 2008 bailout was $700 billion in taxpayer funds, and that was just to start. Another $700 billion disaster could easily wipe out all the money in the FDIC insurance fund, which has only about $25 billion in it.
Under the guise of protecting taxpayers, Dodd-Frank makes depositors of failing institutions are to be de-facto subordinated to interbank claims. Brown writes: "The FDIC was set up to ensure the safety of deposits. Now it, it seems, its function will be the confiscation of deposits to save Wall Street." The urgent solution, is to repeal the super-priority status of derivatives, so that the banks themselves lose out to the security of the depositors.

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Common Sense, Grammar, and Original Intent

According to recent polls, a growing number of Americans believe that the Second Amendment was put in the Bill of Rights in order to guarantee that our government will not impose any kind of tyranny upon us. That an armed populace is a bulwark against government oppression. [More . . . ]

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The mainstream media attack on Martin Luther King for his criticism of warmongering

Here is a basic rule of American journalism: Don't speak the truth during times of war. Martin Luther King received received harsh treatment by the mainstream media when he dared to speak out about the Vietnam War, even after his many successes in the area of civil rights. The occasion was King's somber Riverside Church speech. Part II of King's speech is here.   King's speech is accurately described as follows at this Youtube page:

By 1967, King had become the country's most prominent opponent of the Vietnam War, and a staunch critic of overall U.S. foreign policy, which he deemed militaristic. In his "Beyond Vietnam" speech delivered at New York's Riverside Church on April 4, 1967 -- a year to the day before he was murdered -- King called the United States "the greatest purveyor of violence in the world today." Time magazine called the speech "demagogic slander that sounded like a script for Radio Hanoi," and the Washington Post declared that King had "diminished his usefulness to his cause, his country, his people.
At the recently concluded National Conference for Media Reform, Amy Goodman of Democracy Now commented on the propensity of the media to become obeisant to warmongering American politicians, and the equal propensity of the media to criticize those who criticize warmongering. To hear Goodman's excellent speech, go to minute 28:00 of the composite video.

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