Occupy the SEC Comment Letter on the Volcker Rule

Dear Sirs and Madam: Occupy the SEC1 submits this comment letter in response to the above-mentioned regulatory agencies’ (“Agencies”) notice of Proposed Rulemaking (“NPR”, “Proposed Rule”)2 implementing Section 619 of the Dodd-Frank Act (“the Act”).3 Occupy the SEC is a group of concerned citizens, activists, and financial professionals with decades …

Meet the Financial Wizards Working With Occupy Wall Street

Meet the Financial Wizards Working With Occupy Wall Street The bankers, quants, and hedge fund gurus who want to reform our financial system—by helping OWS kick ass. —By Josh Harkinson | Tue Dec. 13, 2011 3:00 AM PST 86 Cathy O’NeilCathy O’Neil, a participant in the Alternative Banking Group Josh …

John O’Brien: Mortgage Settlement Fails to Address Banking Criminal Enterprise

Hat tip to Yves Smith! John O’Brien: Mortgage Settlement Fails to Address Banking Criminal Enterprise Posted: 22 Feb 2012 03:09 AM PST Yves here. The release by San Francisco county assessor-recorder Phil Ting of a study of document irregularities in foreclosures has put a spotlight on the failure of Federal …

Icelandic Anger Brings Debt Forgiveness in Best Recovery Story

Hat tip to our colleague Paul H. Ray! The population of Iceland did not bail out their rapacious banks and financial pirates and lo and behold, Iceland is back on track — in contrast to Greece whose leaders have capitulated. There is a lesson in here, both for the Greeks …

Pew Poll: Cable, Local TV Are Tops for Political Campaign News; Few Turn to Social Network Sites

Making Headlines Pew Poll: Cable, Local TV Are Tops for Political Campaign News; Few Turn to Social Network Sites “In this campaign season, the social networks have nothing on the news networks. A new survey from the Pew Research Center for the People and the Press finds cable news most …

More Great News to Friends of the American Monetary Institute

Dear Friends of the American Monetary Institute Some more really GREAT news on HR2990: The Quakers in Ohio (Northeast Ohio American Friends Service Committee, AFSC) are supporting Dennis Kucinich’s HR 2990 NEED Act! Attached and at this link is their statement on how it will promote political and economic justice. …

Measures Adopted At Un Trade Conference To Benefit Organic Farmers In Poor Countries

MEASURES ADOPTED AT UN TRADE CONFERENCE TO BENEFIT ORGANIC FARMERS IN POOR COUNTRIES New York, Feb 17 2012 3:05PM Two agreements that will help farmers in poor countries participate more fully in the organic food sector were signed at a United Nations-backed conference on development and trade, the UN announced …

Money and Democracy Update

Issue #97 ? February 17, 2012 ?Money and Democracy Update? is Public Citizen?s weekly e-newsletter about the intersection of money and politics. It is part of our ongoing campaign to track the results of ? and ultimately overturn ? the U.S. Supreme Court?s reckless decision in Citizens United v. Federal …