Tag Archive: Banking scandals


“They are patriotic in time of war because it is to their interest to be so, but in time of peace they follow power and the dollar wherever they may lead.”
– Henry A. Wallace

The actions by the Republican Party in Wisconsin since January have been playing out across the country at the same time. In Wisconsin, the attack was led by stripping public unions, the strongest remaining unions, of their right to collectively bargain. Hidden in the budget bill are provisions to sell state assets so that they can be purchased by large companies and their services can be sold back to the state at a higher price. In Michigan, the Republicans are passing unconstitutional laws that can be used to eliminate elected local governments, fire all union staff and give control of the municipality over to large corporations under the guise of a fiscal crisis. Arizona sold their statehouse so that they can rent it for a higher price in perpetuity! The current political instability in the US is due to a coordinated attack on American public institutions and infrastructure by billionaires and the companies that they run. What is playing out is an attempt to replace representative democracy with corporate control of the like we have not seen since the time of the Robber Barrons during the Gilded Age. During the past few evenings, Rachel Maddow has aired a number of pieces that make an excellent primer to what is taking place, who is funding it, and what the outcomes are. These pieces are a must see for anyone in the middle class that cares about their own standard of living, the future for their children, access to education, and the rights of human beings.

Part I: The Koch Brothers – the billionaires who are funding the Tea Party and directing Republican policy.

The Koch Brothers are behind the Tea Party and they are pulling strings, 7 March, 2011 (The Rachel Maddow Show)

Part II: One of the things that the Right does when they receive hundreds of million dollars from billionaires is to hire people to misinform people on internet discussion sites and to place attack ads on air against popular causes and liberal politicians.

Rachel Maddow discusses Astroturf campaigns, 7 March, 2011 (The Rachel Maddow Show)

Part III: Despite the fact that all of the Republican Governors and Congressmen claim that the problem is one of fiscal insolvency, the actions that are taking place right now have very little to do with the budget and everything to due with taking political control from the people. All of the fiscal problems in the country are easily fixed by raising taxes on the wealthy (the people who created the problem) and state and national budgets are being used as a ruse.

Rachel Maddow on the Tea Party's use of financial crises to drive draconian legislation, 8 March, 2011 (The Rachel Maddow Show)

Part IV: Naomi Klein discusses how the Right uses the threat of disaster to gain control all…the…time. She describes how the current state and federal budget crises are no different.

Naomi Klein discusses Disaster Capitalism and Michigan's Financial Emergency Law with Rachel Maddow, 8 March, 2011 (The Rachel Maddow Show)

Part V: Rachel Maddow announces the Wisconsin State Senate’s illegal vote on collective bargaining rights.

9 March, 2011: Wisconsin Senate illegally votes to remove collective bargaining rights (The Rachel Maddow Show)

Part VI: How did this mess all begin? Remember when a group of billionaires collapsed the economy through their own financial irresponsibility and criminal behavior? Well, neither the irresponsibility nor the criminal behavior have stopped, but now the billionaires want control.

We should focus on the people who created the current economic crisis: The billionaires. 9 March, 2011 (The Rachel Maddow Show)

Part VII: Rachel Maddow announces the new Michigan law that allows the Governor to choose which local governments are in financial crisis… and to pick which corporation can run the town once he invalidates the local elected governments.

A new Michigan law gives the governor the power to overturn local elections and grant control of municipalities to corporations. 9 March, 2011 (The Rachel Maddow Show)

Part VIII: Michael Moore discusses the pro-labor and pro-democracy movements in Wisconsin and how people can rise up against the class war and the loss of democracy in their own state.

Michael Moore discusses the current attack on the Middle Class and what can be done about it. 9 March, 2011 (The Rachel Maddow Show)

Part IX: What is at stake and the need to act to stop the corporate takeover of the country.

Michael Moore: "We can win this, but we have to do something" 9 March, 2011 (The Rachel Maddow Show)

Attorney Irv Ackelsberg

An attorney, Irv Ackelsberg, has won a suit against Wells Fargo. The bank had begun to charge him $500 per month for insurance on his home with no prior discussion. The lawyer was ignored when he responded to ask why he was being charged. He went to court and won, but Wells Fargo refused to pay $1000 in damages so now the court is allowing Ackelsberg to foreclose on the debt and he now has the right to sell items from the bank’s local office in order to make up the debt!

Demonstrations under the Rotunda of the Wisconsin State Capitol (AP Photo)

Labor rights are coming to the fore in the United States as the Tea Party begins the work that Conservative corporations paid for in the November election to dismantle labor rights and privatize public services across the country. Nothing is to be left untouched, not even the children as Tea Partier and Missouri State Senator Jane Cunningham (R-of course) seeks to end her state’s prohibition on the employment of children under the age of 14. The full text of her bill can be found on the Missouri State Senate website but here is the Summary:

SB 222 – This act modifies the child labor laws. It eliminates the prohibition on employment of children under age fourteen. Restrictions on the number of hours and restrictions on when a child may work during the day are also removed. It also repeals the requirement that a child ages fourteen or fifteen obtain a work certificate or work permit in order to be employed. Children under sixteen will also be allowed to work in any capacity in a motel, resort or hotel where sleeping accommodations are furnished. It also removes the authority of the director of the Division of Labor Standards to inspect employers who employ children and to require them to keep certain records for children they employ. It also repeals the presumption that the presence of a child in a workplace is evidence of employment.

That’s right, underage children can work in hotels and motels – and they can be asked to work hours as late and long as the management deems fit – sounds like a great idea, right? Hey, when push comes to shove these are Republican family values. This kind of hypocrisy is not new. Find out how Republicans Tom Delay and Jack Abramoff supported the sex trade in the Northern Marianas Islands on NPR and at Tom Paine.com.

In Washington, the GOP is planning to limit the new Federal Consumer Protection Agency that is intended to protect people against predation by credit card companies, bad mortgages and other types of corporate fraud. Now why would anyone want to prevent the prevention of fraud? Meanwhile, the Center for American Progress estimates that Republican spending cuts will cost about 1 million jobs in 2011. “So be it,” says John Boehner. And Jon Stewart catches Republican Jeff Sessions in a little bit of budgetary hypocriscy.

Despite some small cuts to it, both Obama and the Republicans plan to significantly cut spending on social programs rather than the bloated military. Though some legislators are beginning to consider cuts to the roughly 1,000 military bases that the U.S. runs overseas. Yet the national security state is very…well…secure. Just ask Bradley Manning who has been kept in solitary confinement for months, without being allowed to exercise. The U.S. military is trying to get him to admit a connection to Julian Assange – if only Bradley would just say the words…

There is a political war on labor and public and regulatory institutions in the country. It is being financed by the Koch Brothers, who own Koch Industries. The Koch Brothers fund the Tea Party and they run astroturf campaigns to repeal the Clean Air Act, ending labor rights, and being rather heavy polluters, they are aiming to defund the EPA. They are a big reason why we have politicians like Michele Bachmann, who is currently at war with Michele Obama over breastfeeding. The Koch Brothers also make the claims of socialistic fascism through people like Glenn Beck. Are you a Commie-Nazi? And it is all possible because the Republicans already live rich fantasy lives.

Wrecking Democracy is big business. Learn more about the right-wing corporate groups who hire crazy people to talk about “death panels” and deny climate change while we should be discussing relevant issues.

By contrast: In Minnesota, Democratic Governor Mark Dayton, a rather wealthy individual, has decided to balance the state budget by taxing wealthy Minnesotans. He is also planning to increase funding for K-12 education and to repay the loans the state took from schools under Republican Governor Pawlenty. Mark Dayton is also increasing the state’s Medicaid program by tapping federal money that Republican Pawlenty rejected. This will allow the state to save some money in health and human services.

But Minnesota has it’s share of kooks. Michele Bachmann refuses to acknowledge that President Obama is a U.S. Citizen and a Christian, even when asked directly by George Stephanopoulos. And Republican State Representative Mike Beard claims that Minnesota should resume coal mining because as he mentioned to MinnPost, “God is not capricious. He’s given us a creation that is dynamically stable. We are not going to run out of anything.” That is right, Earth – a planet of finite size – has infinite resources because Mike Beard says that God says so. Mike Beard, another Tea Partier, has an opinion on the issue that is diametrically opposed to many who actually study the nature of the Universe, like Stephen Hawking.

In Uganda, where American Republican and Christian Conservative Operatives are funding and assisting the passage of that nation’s “Kill the gays” bill, the government is banning the use of words such as “Egypt”, “bullet”, “people power”, “teargas”, “army”, “Ben Ali”, “Tunisia”, “Mubarak” and several others ahead of the upcoming election. Meanwhile, clashes with police are increasing as protests continue in Libya, Yemen and Bahrain. The U.S. State Department has called for restraint in the now violent Bahraini response to protests the the small island nation and home of a major U.S. naval base.

In health news, bad food makes you dumber according to a new study in the Journal of Epidemiology and Community Health. Ancient Britons, hailing from an island not always renowned for its food, may have drunk from human skulls.

Oh, and on one final note: ‘Curveball’, the Iraqi informant used by the Bush Administration to sell the War in Iraq now claims that he lied to the Bush Administration about Weapons of Mass Destruction so that they would take out Saddam Hussein.