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Americans hate the Federal Government more than ever


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The amount of shady shite going on to get the TPP deal passed should be eye opening to everyone who thinks we are not sliding into a corporate fascist state. This is just the tip of the proverbial iceberg.

 

We're witnessing a fire sale, and everything we used to hold dear as a nation must go: Democracy? Bah -- that just gets in the way of corporate progress. Due process? Pointless! That's not something law abiding citizens need! Privacy? That just gets in the way of our mindless consuming so it must go!

 

I'm sure elevating corporations above prosecution from individual nations won't have any disastrous long term effects for democracy, our environment, our privacy, and our economy. :cry:

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The Fed sends frightening letter to JP Morgan, Corporate Media yawns

 

Yesterday the Federal Reserve released a 19-page letter that it and the FDIC had issued to Jamie Dimon, the Chairman and CEO of JPMorgan Chase, on April 12 as a result of its failure to present a credible plan for winding itself down if the bank failed. The letter carried frightening passages and large blocks of redacted material in critical areas, instilling in any careful reader a sense of panic about the U.S. financial system.

A rational observer of Wall Street’s serial hubris might have expected some key segments of this letter to make it into the business press. A mere eight years ago the United States experienced a complete meltdown of its financial system, leading to the worst economic collapse since the Great Depression. President Obama and regulators have been assuring us over these intervening eight years that things are under control as a result of the Dodd-Frank financial reform legislation. But according to the letter the Fed and FDIC issued on April 12 to JPMorgan Chase, the country’s largest bank with over $2 trillion in assets and $51 trillion in notional amounts of derivatives, things are decidedly not under control.

At the top of page 11, the Federal regulators reveal that they have “identified a deficiency” in JPMorgan’s wind-down plan which if not properly addressed could “pose serious adverse effects to the financial stability of the United States.” Why didn’t JPMorgan’s Board of Directors or its legions of lawyers catch this?

It’s important to parse the phrasing of that sentence. The Federal regulators didn’t say JPMorgan could pose a threat to its shareholders or Wall Street or the markets. It said the potential threat was to “the financial stability of the United States.”

 

http://www.zerohedge.com/news/2016-04-15/fed-sends-frightening-letter-jpmorgan-corporate-media-yawns


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The New Gilded Age: Close to half of all Super PAC money comes from just 50 donors

 

A small core of super-rich individuals is responsible for the record sums cascading into the coffers of super PACs for the 2016 elections, a dynamic that harks back to the financing of presidential campaigns in the Gilded Age.

Close to half of the money — 41 percent — raised by the groups by the end of February came from just 50 mega-donors and their relatives, according to a Washington Post analysis of federal campaign finance reports. Thirty-six of those are Republican supporters who have invested millions trying to shape the GOP nomination contest — accounting for more than 70 percent of the money from the top 50.

In all, donors this cycle have given more than $607 million to 2,300 super PACs, which can accept unlimited contributions from individuals and corporations. That means super PAC money is on track to surpass the $828 million that the Center for Responsive Politics found was raised by such groups for the 2012 elections.

The staggering amounts reflect how super PACs are fundraising powerhouses just six years after they came on the scene. The concentration of fundraising power carries echoes of the end of the 19th century, when wealthy interests spent millions helping put former Ohio governor William McKinley in the White House.

https://www.washingtonpost.com/politics/the-new-gilded-age-close-to-half-of-all-super-pac-money-comes-from-50-donors/2016/04/15/63dc363c-01b4-11e6-9d36-33d198ea26c5_story.html

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The Fed sends frightening letter to JP Morgan, Corporate Media yawns

 

Yesterday the Federal Reserve released a 19-page letter that it and the FDIC had issued to Jamie Dimon, the Chairman and CEO of JPMorgan Chase, on April 12 as a result of its failure to present a credible plan for winding itself down if the bank failed. The letter carried frightening passages and large blocks of redacted material in critical areas, instilling in any careful reader a sense of panic about the U.S. financial system.

A rational observer of Wall Street’s serial hubris might have expected some key segments of this letter to make it into the business press. A mere eight years ago the United States experienced a complete meltdown of its financial system, leading to the worst economic collapse since the Great Depression. President Obama and regulators have been assuring us over these intervening eight years that things are under control as a result of the Dodd-Frank financial reform legislation. But according to the letter the Fed and FDIC issued on April 12 to JPMorgan Chase, the country’s largest bank with over $2 trillion in assets and $51 trillion in notional amounts of derivatives, things are decidedly not under control.

At the top of page 11, the Federal regulators reveal that they have “identified a deficiency” in JPMorgan’s wind-down plan which if not properly addressed could “pose serious adverse effects to the financial stability of the United States.” Why didn’t JPMorgan’s Board of Directors or its legions of lawyers catch this?

It’s important to parse the phrasing of that sentence. The Federal regulators didn’t say JPMorgan could pose a threat to its shareholders or Wall Street or the markets. It said the potential threat was to “the financial stability of the United States.”

 

http://www.zerohedge.com/news/2016-04-15/fed-sends-frightening-letter-jpmorgan-corporate-media-yawns

***************************

 

The New Gilded Age: Close to half of all Super PAC money comes from just 50 donors

 

A small core of super-rich individuals is responsible for the record sums cascading into the coffers of super PACs for the 2016 elections, a dynamic that harks back to the financing of presidential campaigns in the Gilded Age.

Close to half of the money — 41 percent — raised by the groups by the end of February came from just 50 mega-donors and their relatives, according to a Washington Post analysis of federal campaign finance reports. Thirty-six of those are Republican supporters who have invested millions trying to shape the GOP nomination contest — accounting for more than 70 percent of the money from the top 50.

In all, donors this cycle have given more than $607 million to 2,300 super PACs, which can accept unlimited contributions from individuals and corporations. That means super PAC money is on track to surpass the $828 million that the Center for Responsive Politics found was raised by such groups for the 2012 elections.

The staggering amounts reflect how super PACs are fundraising powerhouses just six years after they came on the scene. The concentration of fundraising power carries echoes of the end of the 19th century, when wealthy interests spent millions helping put former Ohio governor William McKinley in the White House.

https://www.washingtonpost.com/politics/the-new-gilded-age-close-to-half-of-all-super-pac-money-comes-from-50-donors/2016/04/15/63dc363c-01b4-11e6-9d36-33d198ea26c5_story.html

But McKinley actually got in the White House. These Republicans donors have nothing to show for the efforts. Where is Jeb now?

 

And, not that you would have a clue, but, McKinley ran against a seriously flawed candidate. The urban poor--the Wizard of Oz's Tin Man--wasn't going to pay more for his daily bread just to help the Scarecrow...

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But McKinley actually got in the White House. These Republicans donors have nothing to show for the efforts. Where is Jeb now?

 

And, not that you would have a clue, but, McKinley ran against a seriously flawed candidate. The urban poor--the Wizard of Oz's Tin Man--wasn't going to pay more for his daily bread just to help the Scarecrow...

 

I'll take Missing the Point for 200, Alex.

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I'll take Missing the Point for 200, Alex.

 

You see DR.....................I was so hoping that you wouldn't respond to that.

 

It is a classic example of Gator gibberish.

 

Nothing really to do with the thread, or your reply.

 

He just picks out a sentence or two and bloviates (inaccurately of course) about it

 

That's the kind of Gatorsh*t that posters should leave to die on its own.

 

 

 

 

 

 

.

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You see DR.....................I was so hoping that you wouldn't respond to that.

 

It is a classic example of Gator gibberish.

 

Nothing really to do with the thread, or your reply.

 

He just picks out a sentence or two and bloviates (inaccurately of course) about it

 

That's the kind of Gatorsh*t that posters should leave to die on its own.

 

 

 

 

 

 

.

 

You, of course, are correct. :beer:

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When in doubt,

 

always go with vague movie reference.

 

Even if no one answers, you feel better................... :thumbsup:

Way more vague would be the Howard Johnson featuring 1 flavor in Blazing Saddles. But that would be too obscure.

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Virginia Governor Restoring Voting Rights to Felons

 

 

http://www.nytimes.com/2016/04/23/us/governor-terry-mcauliffe-virginia-voting-rights-convicted-felons.html?hp&action=click&pgtype=Homepage&clickSource=story-heading&module=first-column-region&region=top-news&WT.nav=top-news&_r=0

 

 

Virginia Governor moves to enfranchise felons w/o legislature.

 

Why do we elect "representatives' anymore ?.......the dems know whats best for us.

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Americans hate the Federal Government more than ever

 

 

Unbelievable.

 

A group of choir students from Waynesville Middle School in North Carolina was stopped by security while singing the national anthem at the 9/11 memorial in downtown NYC because … wait for it … they didn’t have a permit.

 

From WPXI:

A North Carolina middle school choir was ordered to stop singing the national anthem outside the 9/11 memorial in New York Wednesday.

Video of the Waynesville Middle School choir’s New York City performance was
.

, groups wanting to perform
.

“Basically, they performed approximately half of the National Anthem and they were told by security to cease and desist,” Waynesville Middle School principal Trevor Putnam said. “And they, of course, complied immediately.”

The students
from one security guard, according Connie Shepherd Scanlon, to the woman who recorded video of the choir’s performance.

 

 

 

Here’s the video of security stepping in halfway through the performance:

 

What the heck is wrong with people!

 

It's not a performance............its not a demonstration........Where's the common sense.

 

What do you think? Should middle-school students need a permit to sing the national anthem anywhere in America?

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Virginia Governor Restoring Voting Rights to Felons

 

 

http://www.nytimes.com/2016/04/23/us/governor-terry-mcauliffe-virginia-voting-rights-convicted-felons.html?hp&action=click&pgtype=Homepage&clickSource=story-heading&module=first-column-region&region=top-news&WT.nav=top-news&_r=0

 

 

Virginia Governor moves to enfranchise felons w/o legislature.

 

Why do we elect "representatives' anymore ?.......the dems know whats best for us.

 

 

 

 

 

McAuliffe Explains: Restoring Voting Rights Lets Felons ‘Feel Good About Themselves Again.’

 

 

AND REALLY, ISN’T THAT WHAT IT’S ALL ABOUT?
:doh:
Edited by B-Man
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