What is the Volcker rule? The headlines in the press describe a nebulously defined financial regulation as being the second coming of financial reform Yet the only thing clear about the Volcker rule is who it is named after, former Federal Reserve chair Paul Volcker. The Volcker rule was a last minute financial regulation rule in an attempt to stop speculative trading by Wall Street. It has been politicized, lobbied against, delayed, watered down and modified heavily.
What a world, what a world, what a world. Wikileaks has published more secret Trans-Pacific Partnership Agreement documents, revealing more and more how the United States represents large corporations and not the citizens of the nation. The Huffington Post said it best. They published a large front page photo of President Obama with the glaring headline, Company Man.
It is official. Detroit is bankrupt. Detroit is not only bankrupt they can now trash pensions owed to city workers. That is police, fire, hospital and a host of workers counting on those pensions for retirement. The U.S court ruling allows for a bankruptcy type for cities and towns, Chapter 9, to proceed and specifically puts pensions on the fair game bankruptcy chopping block.
In America today there is a crisis. That crisis is economic inequality. The U.S. workforce has been blamed and dismissed for the growing gap between rich and poor. Much effort has gone into blaming the victim. Americans have been called fat, lazy and stupid along with the never ending drumbeat claim U.S. workers are uneducated and do not have enough technological skills.
We've all been wondering how home prices could be soaring when wages are so low and an estimated 10 million foreclosures have been completed. Now a wave of reports are pointing to more trouble in residential real estate.
Are you confused about Obamacare? Sick of listening to spin when your life is on the line? We thought so. It is still difficult to obtain a concise, clear picture on what is happening to America's health care. We gather below a few critical snippets of information which point to more impending disaster for the individually insured.
JPMorgan Chase has settled with the DOJ for bundling up and selling toxic mortgages as derivatives to unsuspecting investors. The settlement is $13 billion. The news prompted another round of #AskJPM twitter mega sarcasm.
The New York Post is reporting an absolute bombshell story if true. They claim the September 2012 unemployment report was manipulated and survey data was faked, just in time for the election. The story quotes anonymous sources, insiders from the Census Bureau who claim to have falsified survey data for the unemployment report.
Good Morning! Rise and Shine! Get that Cup O' Joe...break out the O.J....hang out with the pooch...for it's time to check out the Obamacare funnies. The below Obamacare parodies have been screened for accuracy and amusement without the lobbyist spin
The Trans-Pacific Partnership is a trade treaty going on in secret. Trade treaty drafts and negotiations are so secret to even comment on one of these trade deals will cost $2000. WikiLeaks recently released an excerpt of the secret deal, a feat most amazing they obtained even a portion of the terms.
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