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Showing posts with the label Financial sector

'America Is NOT Broke': Michael Moore Speaks in Madison, WI -- March 5, ...

What part of not broke do you not understand.  American's have just had there pockets picked by wealthier Americans. And union busting in Wisconsin is more of this looting. 

Follow the Law Congress!

Public Citizen sent me another letter today, pointing out that the House budget proposes massive cuts to agencies that regulate Wall Street. I guess if you were angling for a second crash to bring the economy down the first place you would look for budget cutting is the agencies that are regulating the people who brought down the economy a few years ago.  Then you can do another massive bailout of your friends on Wall street.  Besides the fact that  these cuts are nonsensical, many of the cuts the house is proposing put them in failure of their legal obligations to fund programs.  You can't repeal a law by not funding it.  Congress is trying the illegal back door approach to defunding financial regulation.  Now a word from the moderates: Today, the Senate is scheduled to vote on competing budgets — one proposed by Republicans, one proposed by Democrats.  Among the numerous nonsensical cuts in the GOP budget are draconian cuts to federal agencies ch...

Financial Reform

Both middle income and low income Americans have been abused gravely by our financial system.  Our financial sector has grow from 20% to 30% of our economy, causing huge national debt, a roll coaster on the investment markets and a growing burden to the majority of Americans as our financial tycoons figure out how to take money borrowed from abroad and turn it into profit on our backs.  One of the best things our recent Congress did is pass a financial reform bill.   Now there is a Americans for Financial Reform Coalition asking for use to fill out a survey to advise them on what financial regulations to press for.  Please follow the link and take a minute to fill out the questionnaire. http://ourfinancialsecurity.org/