Matt Taibbi: “Banks Sold Oregano as High Grade Weed”
In this 5-minute video, journalist Matt Taibbi talks to Occupy Wall Street and explains how the mortgage-backed security scam works.
Bail-out Bombshell: Fed “Emergency” Bank Rescue Totaled $29 Trillion Over Three Years
Reprinted from Alternet (December 15, 2011) While the 99% suffered hardship, a new study shows that the Fed propped up buddies in the banking industry and a vast shadow banking system far beyond what anyone has guessed. By J. Andrew Felkerson Speculation about the the Fed’s actions during the financial crisis has made headlines…
OWS Nevada County Helps Forestall Imminent Eviction
Editor’s Note: Here’s an amazing press release from the Foreclosure Group of Occupy Wall Street Nevada County. It highlights the normally less-than-humane foreclosure process, softened in this case by the timely intervention of these good local citizens. Imagine a renter, a single mom with four kids, given less than 24 hours notice to pack-up…
“My Occupy LA Arrest”
Reprinted from http://myoccupylaarrest.blogspot.com/ (December 6, 2011) By Patrick Meighan My name is Patrick Meighan, and I’m a husband, a father, a writer on the Fox animated sitcom “Family Guy”, and a member of the Unitarian Universalist Community Church of Santa Monica. I was arrested at about 1 a.m. Wednesday morning with 291 other people…
Sorry Kids! College Degree No Longer a Sure Path to Financial Security
Some politicians — usually apologists for destructive trade agreements — are fond of saying that we need to put more resources into educating our people in 21st-century technologies, in order to compete more successfully with educated workers in other countries. This is their main prescription for restoring US competitiveness in the world economy. It seems…