A New Chautauqua

I am hoping this is not just wishful thinking. There are noises in Europe about the second dip coming. We should cross our fingers it’s not and try to believe…

Well, it looks as though we might be on our way out of the might Bush Trough. I hope W is remembered in history as the person who robbed the United States Treasury and handed a basket case to President Obama.

The red bars are the accelerating rate of job loss during President Bush’s last year in office; the blue bars are the decelerating rate of job loss during President Obama’s first year of office.

The chart was put together by the House Democratic leadership.

…jaf

On Thursday President Barack Obama  is expected to propose new limits on the size and risk taken by the country’s biggest banks, marking the administration’s latest assault on Wall Street in what could mark a return — at least in spirit — to some of the curbs on finance put in place during the Great Depression.

Read On.

..jaf

Elizabeth Warren should have Geitner’s job.

A discussion with Kevin Drum & David Corn.

	Watch Part 1 The ancient Romans had a proverb: “Money is like sea water. The more you drink, …the thirstier you become.” That adage finds particular meaning today on Wall Street, which began this New Year riding a tidal wave of bonuses in a surging ocean of greed.
	Watch Part 2 Banks weren’t just making investments, they were borrowing huge sums of money to make investments. That’s what makes a bubble bad. Is huge amounts of leverage. Huge amounts of debt.
	Watch Part 3 Moyers’ essay on the greed that drives the process…

What happens when someone blows a very loud whistle on an huge international bank- UBS (with Senator Phil Gramm employed by the bank).

The part that really pisses me off is that our esteemed Attorney General has had to recuse himself from the case as he has been an attorney for UBS- the bank perpetrating the fraud.

Arianna and Rob Johnson, director of the Economic Policy Initiative at the Franklin and Eleanor Roosevelt Institute, urged Americans to move their money to community banks during an appearance on the Ed Show with Ed Schultz on Wednesday.

More info available at Move-Your-Money.info

READ the report: