masaccio

Occupy the SEC has submitted a very fine comment on the proposed regulations under the Volcker Rule. The proposed regs are weak, and Occupy calls the agencies out for their lax regulation. Someone represents the 99% against the interests of banksters and their lap dog lawyers.

Conservatives are ready to suffer to avoid taxes on themselves and others. My advice: stop listening to right-wing radio. Those people make you feel bad about yourself, when the problems aren’t your fault.

Self-reliance works well for the rich. No wonder oligarchs teach conservatives to exalt it over all other values.

Our Governments, state and federal, get together in a closed room with the banks that crashed the economy and lied to courts. Then suddenly they announce a settlement, and pour out a load of PR and fly-by press conferences extolling its wonders. So where is the text? We don’t get the text. Now we learn there isn’t one. There isn’t even a written agreement in principle awaiting reduction to a final text. We don’t get to see it until it gets to court.

How do you get puff pieces on the cover of Time Magazine? Inquiring minds want to know.

The US and its allies have been attacking one evil empire after another for decades, including the evil empire of Mohammed Mosaddegh, the scary Red Menace in Iran, in 1953. We have nothing to show for any of them. Why do US, European and Israeli leaders think this time things will be different?

Politicians and pundits blather about ideological divides. How can that be when the Democrats have no ideology, unless you count “We suck less”.

SIGTARP isn’t happy about the failure of the Treasury to enforce its regulations on home mortgage servicers. Treasury has no response, and just whines. Anonymously.

Even the 99.9th% figured out that they are garbage to their oligarch owners. No wonder the rest of us are worried about electing an oligarch president.

The giant investment banks like to pretend they are high class, but every once in a while you see them for the ass-lickers they are. Take this article in the New York Times, describing the efforts of the big finance companies to woo newly rich tech people as clients. Goldman Sachs took one of these guys for a factory tour of Tesla and to see a screening of the last Harry Potter flick. There are a lot of people who will make a bunch of money as a new round of IPOs for Facebook, Groupon, and Zynga hit the market, and the insiders will get rich. It won’t just be the top dogs, either. There will be plenty of money going to developers and even (gasp) administrative assistants.