Posts Tagged ‘coroporate takeover’

From The MindsiMedia Daily “How Is It Possible The Fed’s Image Can Be Tarnished Further?”

January 15, 2012 2 comments

“At this point it should be universally known that the Federal Reserve Board has been guilty of disastrous incompetence. It allowed an $8 trillion housing bubble to grow unchecked”…….

To finish this story and read more of today’s news visit our new daily news site.

The MindsiMedia Daily.

And a couple of related videos from our Alternative Views series uploaded by Mindsi2.


Attack on Democracy In America Continues, Three Stories From This Week

December 11, 2011 Leave a comment

This fall we have seen the best and now the worst in American democracy. In the early part of the fall we saw thousands people all over the country peacefully gather to occupy public space and protest economic injustice and a government firmly in the hands of a wealthy elite. The response all across the country was to stop the movement before it had any chance to grow. In city after city police in riot gear were sent in to evict and arrest anyone who failed to disperse.

The protesters received an initial wave of support but a hostile news media and a culture conditioned to sound bite answers and remote control democracy were turned off by a movement that offered no easy to digest plan and demanded active participation. Now as we enter winter the movement has been for the most part been swept off the street and now seems to be organizing to come up with a new strategy for next years upcoming election. Important because it seems as if both parties who can’t agree on much seem united to increase the power of government over people while reducing the rights of individuals.

This is nothing new but an ominous and growing campaign that began in the early 1970’s. The civil rights movement and the anti war movement scared the powers that be and what began as an issue for the far right has spread and taken over both major political parties. It has gotten to the point where a lot of the positions taken by the “liberal” president Democrat Obama are to the right of “conservative” Reagan. The two parties collude to limit the scope of the debate about issues and work to suppress candidates who don’t want to follow the script.

Today we present three stories ripped from this weeks headlines that show how far to the right the government is moving.

First story comes from The Gaurdian UK seems to have escaped the American media.

NAACP warns black and Hispanic Americans could lose right to vote

Civil rights group petitions UN over ‘massive voter suppression’ after apparent effort to disenfranchise black and Hispanic people

Ed Pilkington in New York /, Monday 5 December 2011 22.34 GMT

” The largest civil rights group in America, the National Association for the Advancement of Colored People (NAACP), is petitioning the UN over what it sees as a concerted effort to disenfranchise black and Latino voters ahead of next year’s presidential election.

The organization will this week present evidence to the UN high commissioner on human rights of what it contends is a conscious attempt to “block the vote” on the part of state legislatures across the US. Next March the NAACP will send a delegation of legal experts to Geneva to enlist the support of the UN human rights council.

The NAACP contends that the America in the throes of a consciously conceived and orchestrated move to strip black and other ethnic minority groups of the right to vote. William Barber, a member of the association’s national board, said it was the “most vicious, coordinated and sinister attack to narrow participation in our democracy since the early 20th century”.

To read the entire post click here.

You say the Senate can’t agree on anything? Wrong from BuzzFlash comes this outraged story.

US Military Can Now Arrest You and Hold You Indefinitely Without Trial Senate Says


“November 29th 2011, the Senate voted on a bill that allows the US military to imprison civilians with no formal charges and hold them indefinitely with no trial.

The ACLU reports even US citizens wouldn’t be immune as the legislation aims to declare national territory part of the “battlefield” in the War on Terror. You can read more about the NDAA provision here.

What it means: It’s shocking to learn that the majority of representatives and senators have replaced our civil liberties with a de facto military dictatorship while no one is watching. How is the Levin-McCain provision different from Patriot Act laws? If an American citizen is seen as a threat to the government, that citizen will be denied his/her constitutional rights of protection, as Justin Raimondo at correctly explained: “The provision would give the President the power to use the military to intern anyone – including American citizens – indefinitely, and hold them without charges or trial, anywhere in the world, including on American soil. The provision repeals the longstanding Posse Comitatus Act, which prevents the military from engaging in law enforcement on US territory – the greatest fear of the Founders.”

The National Defense Authorization Act (NDAA) was supposed to be kept secret, drafted behind closed doors by Senators Carl Levin (D-Mich) and John McCain (R-Ariz). When a bill is supposed to be kept secret from the public, it usually means that it’s against the public’s interests.

“The White House has threatened to veto the legislation because of language that mandates military custody of terror suspects, but Wednesday’s 88-12 cloture vote signals that the bill – which could pass as early as Thursday – will likely have the detainee provisions included in the chamber’s final legislation.” Unfortunately, the administration’s veto threat has nothing to do with protecting civil liberties; their real objection is that it can create confusion between Homeland Security agencies and the F.B.I.”

To read the entire post click here.

And if your going to give the government to wage a new war against it’s own citizens where are you going to put all the new prisoners since the prisons are already full of victims of the drug war? Well there’s the hundreds of internment camps that have been set up all across the country. This has been a story that has been around ever since the Patriot Act became law. One that has been very active in the past few weeks because of the previous story. Here is an update on this story from the Public Intelligence blog

Internment Camps for Isolating Unemployed in Federal “Work Camps”?
Al Martin, former Navy intelligence officer and former Wall Street broker, former Iran-contra co-conspirator with Ollie’s Follies, is starting to write about the possible use of the many civil unrest internment camps built in the US by Halliburton and related contractors. In his view, the National Defense Authorization Act (NDAA), makes it possible for expanded use of the US military and expanded powers for law enforcement to “contain” the unemployed in work camps–which might be a good thing, in his view. [The bill passed the Senate but has not passed the House at this time.]

To read the entire post click here.

I searched high and low for some video on “National Defence Authorization Act” and sadly found very little. Here is one clip from ReasonTV

Former AIG chief sues U.S. for $25 billion & Who Are They Again?

November 22, 2011 Leave a comment

Well this story really jumped out at me and let’s make Maurice “Hank” Greenberg the centerpiece of the 2012 election. Because this man and this story represent all that is wrong with America today. A shameless human who is once again trying to manipulate a corrupt system to further enrich himself.

Meanwhile police forces across the nation mobilize to crush a growing occupation/protest movement against corporate gangsterism. While the Obama administration gets ready to cut a deal with the Wall Street criminals just in time for the 2012 election fund-raising cycle. In Congress they say now that we’ve bailed out the crooks and stabilized the wealthy it’s now time to cut the debt and it’s the sick, poor and old that are going to have to pay. And if you’re all three God help you.
From MSNBC’s The Bottom Line

“Former American International Group CEO Maurice “Hank” Greenberg thinks he got a raw deal, and he wants the government to pay up. Greenberg filed a lawsuit in the U.S. Court of Federal Claims asserting that the government bailout and takeover of the insurance giant was an unconstitutional seizure of private property, The Wall Street Journal reported Monday. Greenberg’s Starr International Co., which used to be AIG’s biggest stakeholder, is seeking $25 billion in damages, based on the value of the 80 percent stake in AIG the government took after providing it with an $182 billion bailout.

Those funds allowed AIG to pay off counterparties like Goldman Sachs in full and reward executives with $165 million in bonuses in 2008, even though AIG lost $61.7 billion in the fourth quarter of that year. This situation raised considerable ire among both the public and investors. AIG’s own value plummeted and it was reduced to selling off assets to pay back the government, both moves of which hurt Greenberg’s stake in the firm.”

To read the entire post click here.

And for those of you out there that might have forgotten exactly who AIG is and how they fit into the collapse of 2008 here is and article published by Rolling Stone and appearing on Alternet.
The Big Takeover: How Wall Street Insiders are Using the Bailout to Stage a Revolution

Written by Matt Taibbi.

“It’s over – we’re officially, royally fucked. No empire can survive being rendered a permanent laughingstock, which is what happened as of a few weeks ago, when the buffoons who have been running things in this country finally went one step too far. It happened when Treasury Secretary Timothy Geithner was forced to admit that he was once again going to have to stuff billions of taxpayer dollars into a dying insurance giant called AIG, itself a profound symbol of our national decline – a corporation that got rich insuring the concrete and steel of American industry in the country’s heyday, only to destroy itself chasing phantom fortunes at the Wall Street card tables, like a dissolute nobleman gambling away the family estate in the waning days of the British Empire.

The latest bailout came as AIG admitted to having just posted the largest quarterly loss in American corporate history – some $61.7 billion. In the final three months of last year, the company lost more than $27 million every hour. That’s $465,000 a minute, a yearly income for a median American household every six seconds, roughly $7,750 a second. And all this happened at the end of eight straight years that America devoted to frantically chasing the shadow of a terrorist threat to no avail, eight years spent stopping every citizen at every airport to search every purse, bag, crotch and briefcase for juice boxes and explosive tubes of toothpaste. Yet in the end, our government had no mechanism for searching the balance sheets of companies that held life-or-death power over our society and was unable to spot holes in the national economy the size of Libya (whose entire GDP last year was smaller than AIG’s 2008 losses). “

To read the full story click here.

This video provides  some further information on the AIG bailout and the banks that benefited from it.

Uploaded by fal2grace on Oct 29, 2009

At 1:48 At what point are we dealing with fraud? …an insurance fraud from AIG, a bank fraud and then a mortgage fraud …. and when can we legally start to identify the CEOs …? Where’s the fraud investigation? Watch Dylan Ratigan on Morning Meeting with Eliot Spitzer.

Copyright MSNBC 2009

Occupy Chicago 11/17, Large Rally At Board of Trade “THIS is what democracy looks like”

November 19, 2011 Leave a comment
Uploaded by on Nov 19, 2011
     In previous clips from the StandUp Chicago & Occupy Chicago day of solidarity we covered; the speech’s at the Thompson Center, the march, sit in and arrests at the La Salle St. bridge. This clip shows the march down La Salle to Jackson which is where Occupy Chicago maintains it’s corner of protest the city allows them.
     Tonight the street was filled for a couple of blocks it is now rush hour and no one is going anywhere. The police held the crowd at first at Jackson keeping that traffic flowing but finally the crowd closed that street as well. So, to clear the streets they decide to surround the Board of Trade building. This is followed followed by another march throughout downtown Chicago ending with the evenings general assembly. It should be noted that the police did their work with a great deal of professionalism and respect. Unlike other cities the officers aren’t in riot gear or carrying batons. Even as the crowd surges onto Jackson they are just milling around among the protesters with bemused looks on their faces.
     And this has been consistent with there behavior I’ve witnessed since the beginning of the occupation. While I am not a full time occupier I am a supporter and video journalist covering Chicago. So while not a member of the organization that is developing I am a supporter who has been down a dozen or so times. So as a somewhat casual observer all I’ve seen has been cordial behavior by both the CPD and protesters. And I’ve heard in the first week of the occupation the police stepped in and stopped the Federal Reserve police when they tried to end the occupation by telling the protesters to get off “their” sidewalk. On the other hand they have been harassive and sticklers to the ever changing rules they impose on the protesters.
     It is a far different response from the city than during the1968 convention but there is a big difference that shows that the right wings assertion that the protesters are a lot of lazy hippies is bull. In 1968 the cops and most of the protesters were from two different worlds so there was mutual antagonism. These demonstrators represent a broad cross section of the population. Sure there are a lot of young people but they have more time and energy.
     This is the fourth time in the past month and a half that I have seen demonstrations that have brought out thousands of people. So while Occupy Chicago’s occupation at the corner of La Salle and Jackson is not big. It has served as a focal point for other organizations already operating in the community that are fighting for peoples rights and against corporate control. And that is another myth sold by the media that the occupy “movement” doesn’t know what it wants. It’s about “people over profits” and since for the most part there is no prebuilt organization with an agenda they are organizing now to figure out what that means.
     So the best way to sum it up is with another chant that I’ve heard more than a few times this fall “this is what democracy looks like”

A Vet, A Senior & A Blind Man Speak Up For The 99%, Thompson Center Protest, Chicago 11/17

November 18, 2011 Leave a comment

Uploaded by on Nov 17, 2011

Giving lie to the assertion that all these protesters are a lot of misguided young people is this selection of speakers at this afternoons rally at the Thompson Center in Chicago’s loop. We present an Iraq war vet, an eighty four year old woman and a blind man.

Day of Solidarity March, Bridge Sit In & Arrests, Occupy Chicago 11/17

November 18, 2011 Leave a comment

Uploaded by on Nov 17, 2011

Late Thursday afternoon and evening the streets of downtown Chicago once again filled with protesters as the nationwide “occupation” protests enter their second month. A coalition of groups gathered at the Thompson Center for a rally and speeches. Following the rally the demonstrators took to the streets.

The target was the nearby La Salle street bridge where they stopped filling the bridge and blocking traffic. A small group of about forty sat down and after repeated warnings they were arrested. Following the arrests the marchers turned around and marched back down towards La Salle and Jackson the center of Chicago’s occupation. More on the next clip

Committee Hearing Internet Blacklist Bill Blacklists Opponents

November 15, 2011 Leave a comment

In a remarkable display of arrogance the House committee holding hearings on the so-called Internet Blacklist bill have not invited any opponents to testify. Of course this is what happened when health care reform came before the Senate. Those that supported single payer were left out of the process. Anyway this alert from Demand Progress provides the background.

“Irony Alert: The House is holding hearings on sweeping Internet censorship legislation this week — and it’s censoring the opposition!  The bill is backed by Hollywood, Big Pharma, and the Chamber of Commerce, and all of them are going to get to testify at the hearing.

But the bill’s opponents — tech companies, free speech and human rights activists, and hundreds of thousands of Internet users — won’t have a voice.

Will you click here to demand that opponents of the Blacklist Bill be allowed to testify — it’ll just take a second.

As if you need a reminder: This is the most offensive Internet legislation we’ve seen in years.

It will give the government and corporations new powers to block Americans’ access to sites that are accused of copyright infringement, force sites like YouTube to go to new lengths to police users’ contributions, and put people in prison for streaming certain content online.

The bill will wreck much of what’s great about the Internet, and this sham of a hearing represents everything that’s broken about our political system.

Will you click here to demand that opponents of the Blacklist Bill be allowed to testify this week?  

And we keep pressing forward,

-The Demand Progress team”

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