There's a deep rift in the Democratic party over whether America should bring back the Glass-Steagall Act, a bank regulation that was in place from 1933 to 1999.

...when you look at the actual financial institution failures in 2008, Glass-Steagall probably wouldn't have made much, if any, difference. The first two large institutions to fail were Bear Stearns and Lehman Brothers, both of which only served Wall Street, not Main Street.

Who wants Glass-Steagall back: Sanders, O'Malley and Senator Elizabeth Warren

Who doesn't want Glass-Steagall back: Clinton and the Republican candidates

READ MORE

CNBC Exec’s Children Murdered 1 Day After CNBC Reports $43 Trillion Bankster Lawsuit

From October, 2012:

This week financial news organization CNBC gave some mainstream attention to the largest money laundering and racketeering lawsuit in United States History, in which “Banksters” and their U.S. racketeering partners are being accused of laundering of 43 trillion dollars worth of ill gotten gains.  The lawsuit is said to involve officials located in the highest offices of government and the financial sector.

Since this information was surprisingly revealed by the mainstream news organization there has been a very suspicious and deadly fallout at the CNBC headquarters.  Within hours the original page for the article was taken down, and CNBC senior vice president Kevin Krim received news that his children were killed under very suspicious circumstances.  It seems that the murder happened first and then the page was removed later.

According to mainstream accounts the children’s nanny is responsible for the murders, allegedly stabbing both children.  However, those same mainstream news sources report the highly unlikely story that the nanny slit her own throat just after committing the homicides.  Police have released very little information and although a wider plot has not been officially implicated, it seems very possible that these murders are a show of force against the press organization for releasing such damning information about the most powerful people in the world.

Here is some more information about the lawsuit from the Wall Street Journal:

READ MORE

Someone posting on Free Republic fills us in on what the WSJ link covered (it's now gone dead--wonder why?):

The WSJ link, in article summarizes the lawsuit [and] some of the issues/allegations from article:

--Issue of TARP money and other "bailout money" being repaid as claimed by President Obama and the Obama Administration . Wants audit of bailout programs and FED

--Obama Administration has not brought any criminal charges against banksters yet borrows money from them for his campaign

--(excerpts) The Havens for the money laundering schemes...are located in such venues as Switzerland... Malaysia, Cypress and entities controlled by governments adverse to the interests of the United States Sanctions and Embargo Act against Iran

--while the Obama Administration was publicly encouraging loan modifications for home owners by "Banksters", it was privately ratifying the formation of these shell companies in violation of the United States Patriot Act, and State and Federal law 

50 posted on 10/27/2012 1:15:31 PM  by opentalk

The $43 Trillion Dollar Heist

UPDATE: The following article was used to try and intimidate Orly Taitz, Esq. from continuing her legal challenges to the legitimacy of Barack Obama's presidency!

Cases filed by Dr. Orly Taitz, Esq.

1. Judd v Obama

2. Farrar v Obama

3. Taitz v Sebelius

4. Taitz v Indiana, IN Judge Orders Trial

5. Taitz v Astrue

6. Mississippi Filed Complaint

7. Taitz Walters v Sec of State Kansas

Videos

Video: Orly before NH Election Committee

|        |         |

"Most judges in this land have already been bought..."

Remember, if the grim view presented here reflects reality, we’re dealing with the best-trained assassins in the world, psychopathic professionals who are not likely to incriminate themselves or their masters. Remember too that the men who order such assassinations possess a license to kill. At least as far back as the Civil War, they have always been getting away with the murders of our best and brightest while we stood aside and looked (to paraphrase the late Bob Marley). So although we can’t be absolutely sure that the invisible government butchered Lucia and Leo, we can say that such butchery fits a historical pattern of state executions, and therefore that this pattern probably applies to these children as well. Given this pattern, given my background as a natural scientist and a frequent traveler to the land of statistical levels of significance, I’d place that the probability that the execution of Lucia and Leo was an act of state at about 90% (assuming of course that the basic facts in our possession are accurate and that this lawsuit and murders are not a COINTELPRO smokescreen.) That is, a priori, and without any detailed detective work, I feel there is roughly a 9 in 10 chance that Lucia and Leo have been murdered by rogue elements of the United States government.

Who Killed Lucia and Leo Krim?

2012: Get ready for Basel III

Hugh Hewitt: Tuesday, November 08, 2011
Did the Administration Drive Another Nail Into Its Reelection Coffin This Past Week?

At the G20 meeting on the French Riviera last week, the president agreed to begin implementing a set of international banking rules that could well send the United States in a renewed downward spiral between May and August 2012.

The rules are called Basel III. They require that banks increase their ratio of capital to loans. In effect this means that banks must do less lending.

Did the Administration Drive Another Nail Into Its Reelection Coffin This Past Week?" by Clark Judge

End Gov't. Subsidy of 30-Year Fixed-Rate Mortgages

Bottom Line: It's not that the 30-year fixed-rate mortgage is inherently bad, but it's the government support and subsidy of those mortgages that has had distorted mortgage and housing markets, and contributed to two serious banking and financial crises. We shouldn't end the 30-year fixed-rate mortgage, but we should end the government support and subsidy of those mortgages.

Read more

FYI: This is one of Mark Levin's favorite bloggers...

The Great American Bank Robbery

My husband just told me he's been listening, as he often does, to The Dennis Prager Show and Dennis was interviewing the author (Paul Sperry) of The Great American Bank Robbery.

This is the classic story of the fox guarding the hen house, folks, and they're not done with us yet:

The average American household lost $123,000 in wealth during the financial crisis. The Financial Crisis Inquiry Commission says Wall Street stole it, appearing to confirm the narrative told by countless politicians, economists, and pundits.

The verdict seems unanimous. In fact, it's unanimously wrong. The masterminds behind the biggest heist in history were radical social engineers on Pennsylvania Avenue, not financial engineers on Wall Street.

The Great American Bank Robbery offers the first careful and thorough analysis of public policy's role in the calamity. With stinging clarity, it indicts the real culprits--many of whom have returned to the scene of the crime in Washington. Now they're planning an even bigger heist in the name of "economic justice."

Veteran financial newsman Sperry's seminal research and hard-hitting reporting blows the lid off the subprime scandal. Robbery contains more than 50 pages of footnotes, data tables, and charts backing up its numerous revelations.

Forewarned is forearmed:

Frosty, the "no" man...a story of what ails US

This is an account of what ails us that is radically at odds with the familiar tale of greedy bankers in $5,000 suits...

In 2005, University of Chicago finance professor Raghuram Rajan published a paper in the proceedings of the Federal Reserve Bank of Kansas City called “Has Financial Development Made the World Riskier?” Rajan, then the chief economist at the International Monetary Fund, warned bluntly that incentive structures in the banking profession were leading to reckless credit expansion, herding, and other “perverse behaviors.” He was frostily received when he presented his findings at the Federal Reserve’s annual summer retreat in Jackson Hole that year. The Fed-linked experts who snorted at Rajan’s warnings were sure that financial innovations helped “spread risk” in a way that made the world safer. There was a fixed amount of risk in the world, they seemed to believe, and the more widely distributed it was, the better off we were. Rajan, too, thought the new products and practices “spread risk,” but in a different and more dangerous way: They multiplied it.

Rajan is worth reading not just because he was correct when few were but also because his writing is clear as a bell, even to nonspecialists. His new book, Fault Lines: How Hidden Fractures Still Threaten the World Economy, is not a coherent argument so much as a bunch of independent-minded essays on various topics in contemporary global finance.

H/T: INSTAPUNDIT (forgot this so very early this am)!

By getting rid of limitations on leverage, Wall Street has raised the odds of another financial crisis.

The most crucial element in the re-regulation of Wall Street has been gutted. At least for now, there will be no limits on how much money Wall Street can borrow to do its business. It's an invitation to dare a new meltdown or financial crisis. The big banks' lobbyists have convinced Treasury and Sen. Chris Dodd, D-Conn., chairman of the Senate Banking Committee, not to support Rep Barney Frank's, D-Mass., insistence on limiting the leverage Wall Street can use to trade securities.

Treasury, Dodd Sell Out To Wall Street

Obama's "Agenda to Nowhere"

Gary Starr for American First Principles: Obama Declares War on Banks & Profit -- Stock Market Tanks...Again

So just what are the key indicators of socialism? Albert Einstein offered several...

The U.S. government's role today in the banking and automobile industries sure looks, walks, and quacks like socialism, as Ford Motor Company is about to become the last free-enterprise American car company.

Corporatism Comes To America

Why Government Can't Run a Business

This is one of the most important articles ANYONE could ever read--people have to start realizing what the difference is!!!