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The Coming Collapse of the Middle Class

The Coming Collapse of the Middle Class

Related:  THE GLOBAL FINANCIAL CRISISElizabeth WarrenKnowledge

pourquoi la répression financière va échouer By Ron Hera, Hera Research, LLC Excessive leverage and risk in the financial system, e.g., using customer funds to speculate, never ends well. Stock market crashes, bank and investment firm failures or economic recessions are all potential consequences. Following the failure of the United States to regulate over the counter (OTC) derivatives and the repeal of the Glass-Steagall Act, U.S. banks became the largest financial business entities in history.

The Woman Who Knew Too Much This Wall Street psychosis—“We did nothing wrong, but everyone is trying to hurt us”—was given a dramatic airing in June by Jamie Dimon, the chairman of JPMorgan Chase, at a conference in Atlanta. Clearly agitated during a Q&A with Federal Reserve chairman Ben Bernanke, Dimon launched into the reasons why the regulators were being too tough on banks. The causes of the financial crisis had been dealt with. “Most of the bad actors are gone,” he said, rattling off a long list of the perpetrators, which included C.D.O.’s, Fannie Mae, Freddie Mac, “thrifts, all the mortgage brokers, and, uh, obviously some banks.” He said that he worried that Dodd-Frank was “holding us back at this point”—suggesting that the regulation of banks was the reason why the economy was not recovering. In other words, what was bad for Wall Street was very bad for the country.

Elizabeth Warren's Native American Question There used to be a building on Harvard Yard called Indian College; that was three and a half centuries ago, when Harvard was new. In 1650, in the words of the college’s charter, “many well devoted persons” had given “sundry gifts, legacies, lands, and revenues” for the “education of the English and Indian youth of this country.” The part about Indians was a selling point—an appeal to the donors’ sense of Christian mission. Caleb Cheeshahteaumuck, an Aquinnah Wampanoag, graduated in 1665; Indian College held the first printing press in North America, which was used to produce a Bible in Algonquin. But Harvard quickly lost interest in what had been its early mission.

6 James Bond Movies' Theme Songs Better Than Sam Smith's "Writing's on the Wall" for 'Spectre' : Exclusives Sam Smith's new hit single, "Writing's on the Wall" is tearing up the international music charts ever since its premiere a few weeks ago, marking another milestone for James Bond theme songs in a long history of addicting opening numbers for the spy movies - but how does Smith's theme live up to the other 23 songs from the franchise? Considering the fact that he allegedly wrote the song in 20 minutes doesn't really help his case, but just comparing his theme for Spectre to its Academy Award-winning predecessor, "Skyfall" by Adele, is placing it with amazing company. Let's take a look at the six 007 themes that are clearly better than the Grammy winner's 2015 song.

Hillary Clinton Says Parliamentary Election In Russia Was Rigged VILNIUS, Lithuania -- Issuing new warnings to two U.S. partners Tuesday, U.S. Secretary of State Hillary Rodham Clinton criticized Russia for a parliamentary election she called rigged and said election gains by Islamist parties must not set back Egypt's push toward democracy after the fall of autocrat Hosni Mubarak this year. She acknowledged the success of Islamist parties in Egyptian parliamentary voting that the U.S. has praised as fair. But many of the winners are not friendly to the United States or U.S. ally Israel, and some secular political activists in Egypt are worried that their revolution is being hijacked.

Elizabeth Warren’s Journey into Politics Last summer, Elizabeth Warren, a Harvard law professor, held a series of houseparties around Massachusetts, to test support for a possible run for the United States Senate. A veteran Democratic activist in Andover named M J Powell recalled, “They called me on a Thursday and asked if I could have a meet-and-greet two days later. I figured I could probably get fifty people. It turned out we had a hundred and forty-eight.

Free Press: Verizon Wireless App Blocking Hurts Consumers, Competition and Innovation WASHINGTON - December 6 - According to reports, Verizon Wireless is restricting consumers’ ability to download and use Google Wallet. New mobile payment systems such as Google’s offer consumers opportunities for flexible, fast and convenient transactions using their mobile devices. Verizon Wireless is reportedly limiting third-party mobile payment systems in an attempt to force its wireless subscribers to use only Verizon's technology. This practice mirrors those adopted by Verizon Wireless and other carriers that block the use of third-party "tethering" applications, which Free Press contends violates the terms of Verizon's 4G spectrum licenses. Free Press Policy Director Matt Wood made the following statement: “This is another disappointing move by Verizon Wireless that will prove harmful to consumers, competition and innovation.

'Class warfare' video of Elizabeth Warren goes viral By Catalina Camia, USA TODAY Updated 2011-09-22 12:33 PM Updated 12:33 p.m. ET True Crime Finance Stories The Friedmans (Thomas, and before him, Milton) are very useful to bankers. They take the spotlight off the perpetrators of the crimes and blame financial ruin on the victims. On May 5, 2010, I open up the Wall Street Journal and I could puke. There was this photo of a man on fire, just a bunch of flames with a leg sticking out. Two others burnt with him on a pretty spring day in Athens. The question is, who did it? Elizabeth Warren Ancestor Rounded Up Cherokees For Trail of Tears After researching her story, it is obvious that her "family lore" is just fiction. As I pointed out in my article here on Sunday, no evidence supports this claim. O.C. Sarah Smith Crawford had no Cherokee heritage, was listed as "white" in the Census of 1860, and was most likely half Swedish and half English, Scottish, or German, or some combination thereof.