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October 13 2011

02mydafsoup-01

[...]

It was in 1979 that Warren had her Damascene conversion - the experience that would lead her to become the nation's top authority on the economic pressures facing the American middle class, and trigger her passionate advocacy. In 1978, Congress had passed a law that made it easier for companies and individuals to declare bankruptcy. Warren decided to investigate the reasons why Americans were ending up in bankruptcy court. "I set out to prove they were all a bunch of cheaters," she said in a 2007 interview. "I was going to expose these people who were taking advantage of the rest of us." What she found, after conducting with two colleagues one of the most rigorous bankruptcy studies ever, shook her deeply. The vast majority of those in bankruptcy courts, she discovered, were from hardworking middle-class families, people who lost jobs or had "family breakups" or illnesses that wiped out their savings. "It changed my vision," she said.

From then on, Warren would focus her research on the economic forces bearing down on the American middle class. She would chart the disintegration of government policies that, since the New Deal, had helped create perhaps the strongest middle class in the world - in particular, the deregulation of the banks that began in the 1980s. It was a process that she says transformed the middle class into "the turkey at Thanksgiving dinner," carved, "pulled from," picked at, something from which everyone "could make a profit." Her research into how that profit was made would take her into the world of subprime and teaser-rate mortgages, huge credit-card and checking-account penalties, and everything that was buried deep in incomprehensibly worded fine print - the "tricks and traps," as she calls them, that banks used to lure people into increasingly risky credit products. It would be her immense knowledge of banking practices that would make her such a dangerous and natural foe to Wall Street.

[...]

Elizabeth Warren: The Woman Who Knew Too Much | readersupportednews.org 2011-10-11
Reposted by99percent 99percent

October 12 2011

02mydafsoup-01
Play fullscreen
Chris Hedges shuts down CBC Kevin O'Leary - Occupy Wall Street

Occupy Wall Street - Pulitzer Prize winning journalist Chris Hedges shuts down CBC commentator Kevin O'Leary as they discuss Wall Street protests.

More:
www.youtube.com/watch?v=SaCufTW9ID4

Chris Hedges - bio
http://en.wikipedia.org/wiki/Chris_Hedges

Kevin O'Leary - bio
http://en.wikipedia.org/wiki/Kevin_O%27Leary_%28entrepreneur%29

Reposted by99percent 99percent

October 10 2011

Chosen links - 20100417

Democracy Now! 2011-10-10 Monday

  • Headlines for October 10, 2011
  • "Chaos and Bloodshed": 25 Die in Cairo as Egyptian Military Attacks Coptic Christian Protesters
  • Occupy Wall Street Spreads: 32 Arrested in Iowa; Right-Wing Editor Infiltrates D.C. Anti-Drone Protest
  • Occupy Wall Street Emerges as “First Populist Movement” on the Left Since the 1930s
  • America’s Longest War: New Study Examines Demographics of U.S. Casualties in Afghanistan
  • Nobel Peace Winner Tawakkul Karman on Yemen and the U.S. War on Terror

Download this show

Reposted by99percent 99percent

October 09 2011

02mydafsoup-01

Tavis Smiley, Cornel West discuss the Occupy movement in L.A. - Countdown with Keith Olbermann // Current TV 2011-10-08

TV and radio host Tavis Smiley and Dr. Cornel West, a professor at Princeton, talk about the inclusiveness and variety of concerns voiced by the Occupy protests. West notes that his observations at Occupy Wall Street, Boston and L.A. reflect a unified message denouncing corporate greed and calling for social justice and accountability, especially for “the 1 percent who own 40 percent of the wealth.” Smiley adds that the poor “are being treated as if they’re disposable, as if they’re an afterthought,” and that’s the worst thing you can do to an individual.

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oAnth: unfortunately the video is auto-starting - please go by the given link in the title line to the show homepage with the embedded video.

Reposted by99percent 99percent

October 08 2011

02mydafsoup-01

October 07 2011

02mydafsoup-01
02mydafsoup-01
02mydafsoup-01
Play fullscreen
Occupy Wall St. to a Bank in the Public Interest

Michael Hudson: A public option in banking will be a structural answer to the power of finance


Reposted by99percent 99percent

October 06 2011

Play fullscreen
1000 Protesters Storm Wall St Barricade

Occupy Wall Street movement gains support from unions, student groups and community organizers


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