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Crocodile tears

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See, we didn’t actually need a spreadsheet to tell us this. Banks took all that bailout money and didn’t increase lending, because Congress didn’t add even minimal strings to the cash. And we’ve certainly noticed that the president has pulled in $15.6 million from Wall Street for his own campaign and the Democratic party. That’s why we Occupy!

The largest banks are larger than they were when Obama took office and are nearing the level of profits they were making before the depths of the financial crisis in 2008, according to government data.

Wall Street firms — independent companies and the securities-trading arms of banks — are doing even better. They earned more in the first 212 years of the Obama administration than they did during the eight years of the George W. Bush administration, industry data show.

(See data in an Excel file here.)

Behind this turnaround, in significant measure, are government policies that helped the financial sector avert collapse and then gave financial firms huge benefits on the path to recovery. For example, the federal government invested hundreds of billions of taxpayer dollars in banks — low-cost money that the firms used for high-yielding investments on which they made big profits.

Stabilizing the financial system was considered necessary to prevent an even deeper economic recession. But some critics say the Bush administration, which first moved to bail out Wall Street, and the Obama administration, which ultimately stabilized it, took a far less aggressive approach to helping the American people.

“There’s a very popular conception out there that the bailout was done with a tremendous amount of firepower and focus on saving the largest Wall Street institutions but with very little regard for Main Street,” said Neil Barofsky, the former federal watchdog for the Troubled Assets Relief Program, or TARP, the $700 billion fund used to bail out banks. “That’s actually a very accurate description of what happened.”

What was she going to attack?

Another right-wing extremist with murder and mayhem in mind. Maybe if we sing “We Shall Overcome,” they’ll stop this sort of thing!

Federal prosecutors in Alaska filed a motion Friday to deny bail to an officer of the Alaska Peacemaker Militia, a right-wing extremist sovereign citizens group, after she attempted to enter Canada in late October through a remote Yukon Territory border crossing.

Mary Ann Morgan, 53, was driving a truck containing virtually no personal effects but what prosecutors termed a “horde of documents” including detailed information on home-cooked explosives and ricin, an extremely lethal toxin derived from castor beans and weaponized using lye or solvent.

Prosecutors cited the fact that last week, four members of a militia group in Georgia were arrested for allegedly plotting to attack various government targets using ricin and explosives and said Morgan poses “risk to the public in general, law enforcement or the judiciary.”

Also in the Chevy S-10 pick-up truck driven by Morgan was a .32 caliber Beretta handgun that Morgan, a convicted felon, is prohibited from possessing. Morgan was convicted in 2001 of Custodial Interference in the First Degree for violating a child custody agreement. Canadian law also bans private U.S. citizens from driving handguns across the border, and strictly prohibits the possession anywhere in Canada of easily concealable handguns including .32 caliber semi-automatics.

After discovering the handgun, Canadian Border Security Agency officers turned custody of Morgan over to the U.S. Customs and Border Protection and Alaska State Troopers. Morgan told Canadian border guards she was headed for a meeting about the U.S. Constitution being held in Montana, according to Canadian law enforcement sources in the Yukon Territory.

The motion identifies Morgan as secretary of the sovereign citizen Alaska Peacemaker Militia, part of a movement rooted in racism, anti-government extremism and bizarre conspiracy theories that is growing nationwide as part of an ongoing surge in right-wing militia activity.

Bought justice

I’m sure if we all hold hands and sing, we can fix this.

See, we knew that

That’s why we Occupy!

The largest banks are larger than they were when Obama took office and are nearing the level of profits they were making before the depths of the financial crisis in 2008, according to government data.

Wall Street firms — independent companies and the securities-trading arms of banks — are doing even better. They earned more in the first 212 years of the Obama administration than they did during the eight years of the George W. Bush administration, industry data show.

(See data in an Excel file here.)

Behind this turnaround, in significant measure, are government policies that helped the financial sector avert collapse and then gave financial firms huge benefits on the path to recovery. For example, the federal government invested hundreds of billions of taxpayer dollars in banks — low-cost money that the firms used for high-yielding investments on which they made big profits.

Stabilizing the financial system was considered necessary to prevent an even deeper economic recession. But some critics say the Bush administration, which first moved to bail out Wall Street, and the Obama administration, which ultimately stabilized it, took a far less aggressive approach to helping the American people.

“There’s a very popular conception out there that the bailout was done with a tremendous amount of firepower and focus on saving the largest Wall Street institutions but with very little regard for Main Street,” said Neil Barofsky, the former federal watchdog for the Troubled Assets Relief Program, or TARP, the $700 billion fund used to bail out banks. “That’s actually a very accurate description of what happened.”

Some ways to take back our system

That don’t require a constitutional amendment!

Ha ha

Oh, come on! It’s not as if the Dems were actually supporting Occupy Wall Street! They were just trying to exploit them with a fundraising letter.

Blonde in the bleachers

Joni:

R.I.P.

Smokin’ Joe Frazier, 67.

Woman of heart and mind

Kind of a personal theme song. Joni:

Car on the hill

Joni:

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