[Rebeldia] EE.UU.Arrestan Niñ@s y encadenan.,Vieques: la isla acribillada
0 views
Skip to first unread message
Rosario Campos
Feb 9, 2010, 11:42:25 AM2/9/10
to Poder Popular, poder_popula...@yahoogroups.com
[Rebeldia] EE.UU.Arrestan Niñ@s y encadenan.,Vieques: la isla acribillada
Rebeldia-Febrero 2010
http://www.lahaine.org
Policía impone disciplina en escuelas de Nueva York ARRESTAN A NIÑA LATINA DE 12 AÑOS POR ESCRIBIR EN SU BANCO ESCOLAR 
Alexa González garabateaba unas palabras en su pupitre mientras aguardaba el lunes por su maestra de español, en la escuela superior 190 en Forest Hill en el condado de Queens, tras lo cual fue arrestada y llevada al cuartel de policía cerca de la escuela, donde estuvo algunas horas, dijo su madre Moraima Camacho en declaraciones que publica hoy el diario “Daily News”. “Quiero a mis amigas Abby y Faith”, escribió Alexa, que luego firmó “Lex estuvo aquí. 2/1/10″ y dibujó una carita feliz. La tinta que usó la niña es lavable, según dijo la estudiante al rotativo neoyorquino. “Lloré mucho. Hice dos pequeños garabatos, que eran fáciles de borrar. Haberme puesto esposas era innecesario. Pensé que sólo tendría que limpiarlo“, señaló la menor, que hasta ahora había tenido un buen récord de asistencia a la escuela, a la que no ha vuelto desde el lunes porque fue suspendida por las autoridades. El pasado martes, Camacho y su hija fueron a la Corte de Familia, donde a la niña se le impuso además ocho horas de trabajo comunitario y un ensayo de lo que aprendió de esta experiencia. Camacho, de 49 años, aseguró que están viviendo “una pesadilla”. El Departamento de Educación señaló a través de su portavoz, David Cantor, que el arresto de la niña “fue un error” y que “no debió haber ocurrido“, mientras que la policía indicó que aunque están autorizados para hacer arrestos, “debe prevalecer el sentido común y usar la discreción al decidir si realmente es necesario recurrir a las esposas”. El caso de Alexa es el más reciente incidente de estudiantes arrestados en las escuelas, lo que llevó a que la Unión de Libertades Civiles de Nueva York presentara el mes pasado una demanda en una corte federal contra la Policía de la ciudad por los más de 20 arrestos y uso de fuerza excesiva contra los niños. Entre los casos la demanda menciona el de una alumna de once años que también fue arrestada y detenida por varios horas por la policía por escribir en su pupitre. “Esto debe ser un llamado para el alcalde, el Concejo y el Departamento de Educación: hay una crisis en nuestras escuelas porque se ha dejado en manos de la policía el imponer la disciplina de rutina, lo que debería estar a cargo de los educadores“, señaló hoy la Unión de Libertades Civiles en comunicado. 
La entidad calificó de “atrocidad” el arresto de González. El número de agentes asignados a las escuelas ha aumentado en un 73 por ciento desde 1998, cuando la Policía de Nueva York se hizo cargo de la seguridad en los planteles escolares, señala además el comunicado. (IStockPhoto) Más información: http://www.prisonplanet.com/student-arrested-for-doodling.html
Vieques: la isla acribillada
Clic 
Click
Click
Click
click
Click
Click
.jpg)
Una recopilaciòn de las principales noticias y opiniones de caràcter polìtico que se ventilan dia a dia en Dominicana...
Click
Click
Click
I think it’s time to take Wall Street literally: they’ve made it abundantly clear they have an insatiable appetite for killing things: the housing market, the financial system, the economy, reform legislation, the next generation’s future.
Wall Street is so steeped in destruction that the symbols of death are everywhere. Wall Street calls the big newspaper ads they take out to herald the launch of their market offerings a “tombstone.” (To understand how appropriate that is, consider the billions in bond and stock offerings they raise for Big Tobacco.) What does Wall Street call the completion of a buy or sell order: an “execution.” (Think of how many derivative trades they “executed” for the now crippled, life support patients Fannie Mae, Freddie Mac and AIG; or the off balance sheet vehicles they created for Enron, WorldCom, and dozens of now bankrupt companies.)
Wall Street calls an order to complete a trade without any reduction in quantity a “fill or kill.” This could just as reasonably be called a “fill or cancel” order but it’s so much more fun for the thundering herd to race around a trading floor screaming “kill it, kill it!”
What is the benefit to Wall Street in killing things or bringing the share price of companies to near worthless? Tails they win; heads you lose. Wall Street can and does make enormous profits on bets that share prices will decline (shorting), that companies will disappear (credit default swaps), that the economy will crater (interest rate swaps). And there’s a slogan on Wall Street: the trend is your friend. When it’s clear the bull is lying in the center of the ring (think Lehman’s death and the Merrill Lynch shotgun wedding on September 15, 2008), Wall Street moves its bets to the downside.
No one has their jive aligned with their agenda any better than Citigroup’s traders. When they set out to inflict pain on the European bond market in 2004, they labeled the trade “Dr. Evil.” Citi also created a structured finance vehicle that greased the skids for the collapse of Italian dairy giant Parmalat, dubbed Buconero, Italian for “Black Hole.”
Until a President comes along with a genuine will to deal with the truly rapacious nature of Wall Street, these destructive forces will continue.
President Obama’s latest Wall Street reform plan to bar commercial banks from owning private equity funds or hedge funds and banning proprietary trading for the benefit of their own firm constitutes needed reform toward unrigging the markets. But the proposal neglects Wall Street’s most serious threat to the economy. It’s the commercial banks’ ownership of investment banks and brokerage firms that’s killing innovation and job growth in America. The longer we wait to deal with this issue, the more the national debt will balloon as the government is forced to indefinitely add job stimulus money and sustenance funds for the growing number of unemployed.
As currently structured, Wall Street investment banks have no incentive to bring viable companies to market. Wall Street makes the same huge fees for putting lipstick on a pig and dumping it on the public as they do for launching solid companies with real job growth potential. Over the past decade, trillions of dollars of investors’ life savings have been misallocated to bogus business models. Those companies are now worthless or are trading for pennies on the Pink Sheets, the graveyard for investment banks’ misfired ideas.
The Pink Sheets provide quotes on these stocks to broker dealers. It’s not responsible for the legitimacy of the companies and, in fact, warns investors on its web site that these “are small companies with limited operating histories or are economically distressed…Investors should avoid the OTC [over the counter] market unless they can afford a complete loss of their investment.” In many cases, this is far more disclosure than licensed brokers at the “venerable” firms told their clients when the companies first went public at fat share prices.
A study done by Tyler Shumway and Vincent A. Warther for the University of Michigan Business School and University of Chicago Graduate School of Business found that between 1972 through 1995, 4,188 companies were delisted by Nasdaq, the stock exchange that facilitated the boom and bust in dotcoms and tech start ups in the late 90s. After delisting, many ended up on the Pink Sheets. In March 2000, the Nasdaq index stood at 5,048. Today, a decade later, it’s still down 58 percent from its peak.
It's time for Congress to open its eyes to the reality that this massive decline in Nasdaq is telling us Wall Street is not bringing enough good companies to market. And the mergers Wall Street has put together, typically traded on the New York Stock Exchange, have created Frankenbanks and debt-laden conglomerates too bloated to figure out their own balance sheet let alone create new jobs. Two poster children come to mind: AOL-TimeWarner and Citibank-Travelers-Smith Barney-Salomon, a/k/a Citigroup.
Investment banks that arrange these initial public offerings of new companies or merge together existing ones are now located within the “too big to fail,” publicly traded commercial banks. But they used to be private partnerships and put their own money at risk when bringing a new company to market. When their own money was at risk, there was a far greater due diligence done to ensure the company would be viable. That’s gone now. There’s no incentive to be vigilant. It’s OPM: other people’s money to throw down on the casino table.
To fully understand the new structure of Wall Street, it helps to reflect back to August 1995 when the FDA told us that a cigarette was really a nicotine delivery system in drag and Big Tobacco was manipulating “nicotine delivery at each stage of production.” People were being hooked on something very harmful to their well being while a colluding industry lied and lobbied.
Insiders on Wall Street call their retail brokerage firms, now also dangerously merged with commercial banks, a “distribution” system. The investment banks create the toxic product, the brokers distribute it to the public under an enshrined carrot and stick system that is virtually identical at every major firm. That is, the internal research department puts out a buy recommendation. The brokers’ local manager holds a sales meeting and pushes the firm’s latest offerings. The brokers’ commission system dramatically favors risky products that the firm is pumping out over safer investments.
There is absolutely no system that rewards a broker for how well his clients’ portfolio performs. The broker’s ability to have secretarial help, the size of his or her office, gaining the title of Vice President on the business card, the annual bonus, even being taken out to lunch by the Branch Manager, is dependent solely on how much money the broker makes for the firm.
If you want to challenge the system as corrupt, the courthouse doors are closed to you. Wall Street enforces its own private justice system called mandatory arbitration. The public is not allowed to have a peek, after all it’s private justice, so there is no disinfecting sunshine on this cabal.
The only way a system this riddled with conflicts of interest and contempt toward its own customers' interests could have survived this long was by grabbing that huge depositor base of money from the commercial banks and then trading it into oblivion. The newest patsy in this grand bank heist is the taxpayer who is replenishing the empty vaults.
With each new $100 billion job creation program from the government, we acknowledge that Wall Street isn't creating companies that create jobs. According to the Labor Department, 9.3 million Americans could not find work as of January and millions more are involuntarily working part-time or too discouraged to look for work.
So if Wall Street is not properly allocating capital to viable companies, it’s not rewarding its shareholders or customers, remind me again why taxpayers are spending trillions to save it?
The February 15, 1999 cover of Time magazine lauded Federal Reserve Chairman Alan Greenspan, Treasury Secretary Robert Rubin, and Deputy Treasury Secretary Lawrence Summers as The Committee to Save the World. We now know this was really The Committee to Slave the World. The economic challenges the world now confronts were of their making; together, of course, with some well placed Washington and Wall Street cronies.
Greenspan has a B.S., M.A. and Ph.D. in Economics from New York University; Rubin has a B.A. in Economics from Harvard and a law degree from Yale. Summers has a B.S. from M.I.T. and a Ph.D. from Harvard. Despite these 7 degrees from some of the finest institutions of learning in the country, we are asked to believe that there was not one ounce of common sense that suggested to these men that repealing the depression era investor protection legislation known as the Glass-Steagall Act that prevented the combination of commercial banks with investment banks and brokerage firms would end up killing jobs, the financial system and the economy. (Were we not looking at men who profited greatly from that bad decision, we might be less skeptical.)
There has been this intellectual dishonesty and revisionist history suggesting no one could have seen this coming. Not only did lots of people see it coming but on June 25 and June 26, 1998 a steady stream of public-minded citizens walked through the stately doors of the Federal Reserve Bank of New York and testified that repealing the Glass-Steagall Act and allowing commercial banks to merge with Wall Street firms was a preposterously bad idea and would lead to economic ruin. Why is our President turning to Summers and Rubin for advice instead of the people who got it right?
President Obama has now anointed Neal Wolin to join the New Committee to Save the World along with himself and former Fed Chair Paul Volcker. Who is Neal Wolin? He was confirmed as Deputy Secretary of the Treasury on May 19, 2009.
In the Clinton administration, Wolin was general counsel to Lawrence Summers, a key proponent of repealing the Glass-Steagall Act. According to the New York Times, Mr. Summers earned $5.2 million in 2008 working one day a week for the hedge fund, D.E. Shaw & Company, while simultaneously advising Obama. After leaving government, Wolin worked for Hartford Financial Services Group Inc. for eight years. According to BusinessWeek, if you add up Wolin’s cash compensation, restricted stock awards, options, and other compensation, he made $3.4 million his last year at Hartford in 2008. Robert Scheer wrote the following about Wolin at the San Francisco Chronicle on November 19, 2009:
Pam Martens worked on Wall Street for 21 years; she has no security position, long or short, in any company mentioned in this article. She writes on public interest issues from New Hampshire. She can be reached at pam...@aol.com
MEXICO:
De acuerdo con los registros de YouTube, alrededor de las 2:30 de la mañana de hoy la cuenta “jarochismoalegre1” subió un video llamado “adúltero parte 2” que inicia con una imagen borrosa aparentemente tomada de la serie de fotografías en las que presuntamente aparece el diputado panista en una playa desnudo y abrazando a una mujer desnuda con senos operados.
Sin embargo, el video continúa con una serie de defensas hacia Osiel Castro alegando que anunció que se le darán recursos federales a la cuenca del Papaloapan para evitar inundaciones—algo que, cabe mencionar, el gobierno federal tiene que hacer por obligación de cualquier manera.
Particularmente decidí no omitir las imagenes donde aparece Osiel Castro porque según él, en entrevista a periódicos de aquel estado) todo es un montaje de photoshop, así que juzguen Ustedes si es o no su decir. La idea no es mitificar a ese zángano del sistema como en su momento lo hicieron los medios de comunicación con el diputado (también panista) Pancho Cachondo, dejo el presente material a su criterio para ver que opinan.
Seguir leyendo: http://www.mariapages.com/en_blog/prensa/2009/03/pan/index.html
Publicado por Juan Gilman para Rebeldia el 2/09/2010 12:37:00 AM
Rebeldia-Febrero 2010
http://www.lahaine.org
9/2/2010 La Peña del Bronx: Programa inmediato de lucha y organización x La rebeldía de los inmigrantes :: Más articulos de esta autora/or: 
A confiar en nuestras propias fuerzas y movilizacion.
Por un Programa DE LUCHA inmediato del Pueblo,por la Unidad Multietnica y combatiente,por la Construccion de Poder Popular Comunitario por todos los Condados y Barrios Populares e Industriales de los EE.UU.
El objetivo tiene que ser avanzar en organizacion,asociacion social,conciencia combatiente y sindical,agitar por una Ley de LEGALIZACION,por trabajo y por un NO al desempleo Criminal,que la crisis la pague el Wall Street y los Pulpos de los Bancos,Parar todas las Redadas y deportaciones,exigir la Libertad de todos L@s inmigrantes y Cerrar Carceles y Campos de Concentracion,Cerrar de una vez el Centro de Exterminio y Tortura de Guantanamos,asi como terminar con las Carceles en Barcos de Alta Mar y en las Bases Militares por todo el Mundo.
Leer texto completo
Por un Programa DE LUCHA inmediato del Pueblo,por la Unidad Multietnica y combatiente,por la Construccion de Poder Popular Comunitario por todos los Condados y Barrios Populares e Industriales de los EE.UU.
El objetivo tiene que ser avanzar en organizacion,asociacion social,conciencia combatiente y sindical,agitar por una Ley de LEGALIZACION,por trabajo y por un NO al desempleo Criminal,que la crisis la pague el Wall Street y los Pulpos de los Bancos,Parar todas las Redadas y deportaciones,exigir la Libertad de todos L@s inmigrantes y Cerrar Carceles y Campos de Concentracion,Cerrar de una vez el Centro de Exterminio y Tortura de Guantanamos,asi como terminar con las Carceles en Barcos de Alta Mar y en las Bases Militares por todo el Mundo.
Leer texto completo
Alexa González garabateaba unas palabras en su pupitre mientras aguardaba el lunes por su maestra de español, en la escuela superior 190 en Forest Hill en el condado de Queens, tras lo cual fue arrestada y llevada al cuartel de policía cerca de la escuela, donde estuvo algunas horas, dijo su madre Moraima Camacho en declaraciones que publica hoy el diario “Daily News”. “Quiero a mis amigas Abby y Faith”, escribió Alexa, que luego firmó “Lex estuvo aquí. 2/1/10″ y dibujó una carita feliz. La tinta que usó la niña es lavable, según dijo la estudiante al rotativo neoyorquino. “Lloré mucho. Hice dos pequeños garabatos, que eran fáciles de borrar. Haberme puesto esposas era innecesario. Pensé que sólo tendría que limpiarlo“, señaló la menor, que hasta ahora había tenido un buen récord de asistencia a la escuela, a la que no ha vuelto desde el lunes porque fue suspendida por las autoridades. El pasado martes, Camacho y su hija fueron a la Corte de Familia, donde a la niña se le impuso además ocho horas de trabajo comunitario y un ensayo de lo que aprendió de esta experiencia. Camacho, de 49 años, aseguró que están viviendo “una pesadilla”. El Departamento de Educación señaló a través de su portavoz, David Cantor, que el arresto de la niña “fue un error” y que “no debió haber ocurrido“, mientras que la policía indicó que aunque están autorizados para hacer arrestos, “debe prevalecer el sentido común y usar la discreción al decidir si realmente es necesario recurrir a las esposas”. El caso de Alexa es el más reciente incidente de estudiantes arrestados en las escuelas, lo que llevó a que la Unión de Libertades Civiles de Nueva York presentara el mes pasado una demanda en una corte federal contra la Policía de la ciudad por los más de 20 arrestos y uso de fuerza excesiva contra los niños. Entre los casos la demanda menciona el de una alumna de once años que también fue arrestada y detenida por varios horas por la policía por escribir en su pupitre. “Esto debe ser un llamado para el alcalde, el Concejo y el Departamento de Educación: hay una crisis en nuestras escuelas porque se ha dejado en manos de la policía el imponer la disciplina de rutina, lo que debería estar a cargo de los educadores“, señaló hoy la Unión de Libertades Civiles en comunicado. La entidad calificó de “atrocidad” el arresto de González. El número de agentes asignados a las escuelas ha aumentado en un 73 por ciento desde 1998, cuando la Policía de Nueva York se hizo cargo de la seguridad en los planteles escolares, señala además el comunicado. (IStockPhoto) Más información: http://www.prisonplanet.com/student-arrested-for-doodling.html
Vieques: la isla acribillada
Por: Silvio González
''La punta este de la isla donde la Marina realiza sus prácticas de bombardeos indiscriminados constituye una región con más cráteres por kilómetro cuadrado que la Luna.''
RESCATAN A UN HOMBRE QUE PUDO ESTAR CUATRO SEMANAS BAJO LOS ESCOMBROS....
Clic AGENTES FEDERALES DEA, FBI, MARSHALLS Y DE RD, BUSCAN FUGITIVOS FIGUEROA AGOSTO Y SOBEIDA MOREL...
Click |
Gadgets con la tecnología de Google | |
PUERTO PRINCIPE EMPIEZA A SONREIR...
Click HAITI: UN POCO DE SU CONVULSIONADA HISTORIA...
Click LA MATANZA DE LOS HAITIANOS...
click UN ESTADO DEBIL Y UN PAÍS MISERABLE
Click JEAN-JACQUES DESSALINES
Click LAS NOTICIAS QUE LEO
Una recopilaciòn de las principales noticias y opiniones de caràcter polìtico que se ventilan dia a dia en Dominicana... LOS TERREMOTOS Y HAITI....
Click EL DINERO ROBADO POR EL EX DICTADOR DUVALIER VOLVERÁ A HAITÍ 24 ANOS DESPUÉS...
Click LA GENTE POR LA QUE NADIE LLORA.....
Click
This Trend is Not Your Friend
Wall Street's Killer Instinct Spells Death Knell for Jobs
By PAM MARTENSI think it’s time to take Wall Street literally: they’ve made it abundantly clear they have an insatiable appetite for killing things: the housing market, the financial system, the economy, reform legislation, the next generation’s future.
Wall Street is so steeped in destruction that the symbols of death are everywhere. Wall Street calls the big newspaper ads they take out to herald the launch of their market offerings a “tombstone.” (To understand how appropriate that is, consider the billions in bond and stock offerings they raise for Big Tobacco.) What does Wall Street call the completion of a buy or sell order: an “execution.” (Think of how many derivative trades they “executed” for the now crippled, life support patients Fannie Mae, Freddie Mac and AIG; or the off balance sheet vehicles they created for Enron, WorldCom, and dozens of now bankrupt companies.)
Wall Street calls an order to complete a trade without any reduction in quantity a “fill or kill.” This could just as reasonably be called a “fill or cancel” order but it’s so much more fun for the thundering herd to race around a trading floor screaming “kill it, kill it!”
What is the benefit to Wall Street in killing things or bringing the share price of companies to near worthless? Tails they win; heads you lose. Wall Street can and does make enormous profits on bets that share prices will decline (shorting), that companies will disappear (credit default swaps), that the economy will crater (interest rate swaps). And there’s a slogan on Wall Street: the trend is your friend. When it’s clear the bull is lying in the center of the ring (think Lehman’s death and the Merrill Lynch shotgun wedding on September 15, 2008), Wall Street moves its bets to the downside.
No one has their jive aligned with their agenda any better than Citigroup’s traders. When they set out to inflict pain on the European bond market in 2004, they labeled the trade “Dr. Evil.” Citi also created a structured finance vehicle that greased the skids for the collapse of Italian dairy giant Parmalat, dubbed Buconero, Italian for “Black Hole.”
Until a President comes along with a genuine will to deal with the truly rapacious nature of Wall Street, these destructive forces will continue.
President Obama’s latest Wall Street reform plan to bar commercial banks from owning private equity funds or hedge funds and banning proprietary trading for the benefit of their own firm constitutes needed reform toward unrigging the markets. But the proposal neglects Wall Street’s most serious threat to the economy. It’s the commercial banks’ ownership of investment banks and brokerage firms that’s killing innovation and job growth in America. The longer we wait to deal with this issue, the more the national debt will balloon as the government is forced to indefinitely add job stimulus money and sustenance funds for the growing number of unemployed.
As currently structured, Wall Street investment banks have no incentive to bring viable companies to market. Wall Street makes the same huge fees for putting lipstick on a pig and dumping it on the public as they do for launching solid companies with real job growth potential. Over the past decade, trillions of dollars of investors’ life savings have been misallocated to bogus business models. Those companies are now worthless or are trading for pennies on the Pink Sheets, the graveyard for investment banks’ misfired ideas.
The Pink Sheets provide quotes on these stocks to broker dealers. It’s not responsible for the legitimacy of the companies and, in fact, warns investors on its web site that these “are small companies with limited operating histories or are economically distressed…Investors should avoid the OTC [over the counter] market unless they can afford a complete loss of their investment.” In many cases, this is far more disclosure than licensed brokers at the “venerable” firms told their clients when the companies first went public at fat share prices.
A study done by Tyler Shumway and Vincent A. Warther for the University of Michigan Business School and University of Chicago Graduate School of Business found that between 1972 through 1995, 4,188 companies were delisted by Nasdaq, the stock exchange that facilitated the boom and bust in dotcoms and tech start ups in the late 90s. After delisting, many ended up on the Pink Sheets. In March 2000, the Nasdaq index stood at 5,048. Today, a decade later, it’s still down 58 percent from its peak.
It's time for Congress to open its eyes to the reality that this massive decline in Nasdaq is telling us Wall Street is not bringing enough good companies to market. And the mergers Wall Street has put together, typically traded on the New York Stock Exchange, have created Frankenbanks and debt-laden conglomerates too bloated to figure out their own balance sheet let alone create new jobs. Two poster children come to mind: AOL-TimeWarner and Citibank-Travelers-Smith Barney-Salomon, a/k/a Citigroup.
Investment banks that arrange these initial public offerings of new companies or merge together existing ones are now located within the “too big to fail,” publicly traded commercial banks. But they used to be private partnerships and put their own money at risk when bringing a new company to market. When their own money was at risk, there was a far greater due diligence done to ensure the company would be viable. That’s gone now. There’s no incentive to be vigilant. It’s OPM: other people’s money to throw down on the casino table.
To fully understand the new structure of Wall Street, it helps to reflect back to August 1995 when the FDA told us that a cigarette was really a nicotine delivery system in drag and Big Tobacco was manipulating “nicotine delivery at each stage of production.” People were being hooked on something very harmful to their well being while a colluding industry lied and lobbied.
Insiders on Wall Street call their retail brokerage firms, now also dangerously merged with commercial banks, a “distribution” system. The investment banks create the toxic product, the brokers distribute it to the public under an enshrined carrot and stick system that is virtually identical at every major firm. That is, the internal research department puts out a buy recommendation. The brokers’ local manager holds a sales meeting and pushes the firm’s latest offerings. The brokers’ commission system dramatically favors risky products that the firm is pumping out over safer investments.
There is absolutely no system that rewards a broker for how well his clients’ portfolio performs. The broker’s ability to have secretarial help, the size of his or her office, gaining the title of Vice President on the business card, the annual bonus, even being taken out to lunch by the Branch Manager, is dependent solely on how much money the broker makes for the firm.
If you want to challenge the system as corrupt, the courthouse doors are closed to you. Wall Street enforces its own private justice system called mandatory arbitration. The public is not allowed to have a peek, after all it’s private justice, so there is no disinfecting sunshine on this cabal.
The only way a system this riddled with conflicts of interest and contempt toward its own customers' interests could have survived this long was by grabbing that huge depositor base of money from the commercial banks and then trading it into oblivion. The newest patsy in this grand bank heist is the taxpayer who is replenishing the empty vaults.
With each new $100 billion job creation program from the government, we acknowledge that Wall Street isn't creating companies that create jobs. According to the Labor Department, 9.3 million Americans could not find work as of January and millions more are involuntarily working part-time or too discouraged to look for work.
So if Wall Street is not properly allocating capital to viable companies, it’s not rewarding its shareholders or customers, remind me again why taxpayers are spending trillions to save it?
The February 15, 1999 cover of Time magazine lauded Federal Reserve Chairman Alan Greenspan, Treasury Secretary Robert Rubin, and Deputy Treasury Secretary Lawrence Summers as The Committee to Save the World. We now know this was really The Committee to Slave the World. The economic challenges the world now confronts were of their making; together, of course, with some well placed Washington and Wall Street cronies.
Greenspan has a B.S., M.A. and Ph.D. in Economics from New York University; Rubin has a B.A. in Economics from Harvard and a law degree from Yale. Summers has a B.S. from M.I.T. and a Ph.D. from Harvard. Despite these 7 degrees from some of the finest institutions of learning in the country, we are asked to believe that there was not one ounce of common sense that suggested to these men that repealing the depression era investor protection legislation known as the Glass-Steagall Act that prevented the combination of commercial banks with investment banks and brokerage firms would end up killing jobs, the financial system and the economy. (Were we not looking at men who profited greatly from that bad decision, we might be less skeptical.)
There has been this intellectual dishonesty and revisionist history suggesting no one could have seen this coming. Not only did lots of people see it coming but on June 25 and June 26, 1998 a steady stream of public-minded citizens walked through the stately doors of the Federal Reserve Bank of New York and testified that repealing the Glass-Steagall Act and allowing commercial banks to merge with Wall Street firms was a preposterously bad idea and would lead to economic ruin. Why is our President turning to Summers and Rubin for advice instead of the people who got it right?
President Obama has now anointed Neal Wolin to join the New Committee to Save the World along with himself and former Fed Chair Paul Volcker. Who is Neal Wolin? He was confirmed as Deputy Secretary of the Treasury on May 19, 2009.
In the Clinton administration, Wolin was general counsel to Lawrence Summers, a key proponent of repealing the Glass-Steagall Act. According to the New York Times, Mr. Summers earned $5.2 million in 2008 working one day a week for the hedge fund, D.E. Shaw & Company, while simultaneously advising Obama. After leaving government, Wolin worked for Hartford Financial Services Group Inc. for eight years. According to BusinessWeek, if you add up Wolin’s cash compensation, restricted stock awards, options, and other compensation, he made $3.4 million his last year at Hartford in 2008. Robert Scheer wrote the following about Wolin at the San Francisco Chronicle on November 19, 2009:
“Wolin, Geithner and Summers were all proteges of Robert Rubin, who, as Clinton's treasury secretary, was the grand author of the strategy of freeing Wall Street firms from their Depression-era constraints. It was Wolin who, at Rubin's behest, became a key force in drafting the Gramm-Leach-Bliley Act, which ended the barrier between investment and commercial banks and insurance companies, thus permitting the new financial behemoths to become too big to fail. Two stunning examples of such giants that had to be rescued with public funds are Citigroup bank, where Rubin went to ‘earn’ $120 million after leaving the Clinton White House, and the Hartford Insurance Co., where Wolin landed after he left Treasury.”Mr. President, it’s time to clear out the fat cats and deliver on that message of hope and change.
Pam Martens worked on Wall Street for 21 years; she has no security position, long or short, in any company mentioned in this article. She writes on public interest issues from New Hampshire. She can be reached at pam...@aol.com
Aparecen videos y fotos de diputado panista
| De: |  Escandalo sexual diputado (ad...@noticieros.com.mx) |
| Enviado: | martes, 09 de febrero de 2010 |
| Para: | lapen...@hotmail.com |
De acuerdo con los registros de YouTube, alrededor de las 2:30 de la mañana de hoy la cuenta “jarochismoalegre1” subió un video llamado “adúltero parte 2” que inicia con una imagen borrosa aparentemente tomada de la serie de fotografías en las que presuntamente aparece el diputado panista en una playa desnudo y abrazando a una mujer desnuda con senos operados.
Sin embargo, el video continúa con una serie de defensas hacia Osiel Castro alegando que anunció que se le darán recursos federales a la cuenca del Papaloapan para evitar inundaciones—algo que, cabe mencionar, el gobierno federal tiene que hacer por obligación de cualquier manera.
Particularmente decidí no omitir las imagenes donde aparece Osiel Castro porque según él, en entrevista a periódicos de aquel estado) todo es un montaje de photoshop, así que juzguen Ustedes si es o no su decir. La idea no es mitificar a ese zángano del sistema como en su momento lo hicieron los medios de comunicación con el diputado (también panista) Pancho Cachondo, dejo el presente material a su criterio para ver que opinan.
Seguir leyendo: http://www.mariapages.com/en_blog/prensa/2009/03/pan/index.html
Publicado por Juan Gilman para Rebeldia el 2/09/2010 12:37:00 AM
Reply all
Reply to author
Forward
0 new messages