Archive for the ‘TheProblem’ Category

Great news.

Yesterday California Attorney General Kamala Harris announced she was teaming up with Nevada Attorney General Catherine Cortez Masto to investigate and prosecute foreclosure fraud and misconduct in the mortgage industry.1

In announcing the move, Attorney General Harris said, “The mortgage crisis is a law enforcement matter, and we will prosecute to hold accountable those who are responsible and also protect the homeowners who are targeted for fraud.”

The alliance with Nevada’s attorney general is a very positive move by Attorney General Harris, whom we know has been pressured by the Obama administration to cut a terrible deal with Wall Street banks that lets them off the hook.

California and Nevada are the two states that have been hardest hit by the foreclosure crisis. And Nevada Attorney General Masto has been one of the most aggressive state attorneys general in holding banks accountable for wrongdoing, including criminally indicting a number of people.

The alliance to share information, litigation strategies and evidence for both civil and criminal cases has the potential to set the stage for meaningful accountability for illegal mortgage practices that harmed millions of people in California, Nevada and across the country.

And this would not have happened without the hard work by members of CREDO and other progressive organizations who worked hard to become a forceful counterweight to the political pressure from Washington and from Wall Street to sweep this issue under the carpet.

After a recent Wall Street Journal article reported that Attorney General Harris, who had stopped participating in 50-state settlement negotiations, was being wooed back to the table, CREDO members made over 1,400 calls and sent over 8,000 faxes to her office. And we were joined by groups like MoveOn, Progressives United and Color of Change. On the ground groups, like ACCE, PICO and the New Bottom Line organized protests and rallies to demonstrate strong support for holding the banks accountable.

The fact that Attorney General Harris is deciding to join forces with the only attorney general yet to make indictments — rather than the White House which wants to get back to business as usual on Wall Street — is a very good sign for the future.

The real victory will come when California’s investigations are underway and indictments are issued by Attorney General Harris’ office — we hope that day comes soon.

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Occupy Wall Street welcomed famed Italian journalist in hiding, Roberto Saviano, who explained the profound correlation between the worsening of the economic crisis and the skyrocketing businesses of criminal organizations.
If new rules do not arise, Saviano explains, the mafias will determine our future.

UPDATE – Full subtitled interview with the Italian TV – AVAILABLE

Occupy Wall Street will wel­come famed Ital­ian jour­nal­ist in hid­ing, Roberto Saviano, who will be dis­cussing the pro­found cor­re­la­tion between the wors­en­ing of the eco­nomic cri­sis and the sky­rock­et­ing busi­nesses of crim­i­nal orga­ni­za­tions this com­ing Sat­ur­day after­noon. A dra­matic exam­ple of this cor­re­la­tion is Italy, where the mafia is tak­ing advan­tage of the country’s unprece­dented cri­sis. If new rules do not arise, Saviano explains, the mafias will deter­mine our future.

A big Thank you to NoseMedia for letting me use the video.

Europe is in turmoil, governments change and the fall of two prime ministers (Berlusconi in Italy and Papandreu in Greece) are clear indication that things are going to change. The question is now: “Are they going to change for the better?

You see, three of the main European figures, two prime ministers and the president of the Central European Bank tied up with the BIG financial system, and with two Goldman Sachs men among them, it’s a little bit SCARY! We’ll see what they’ll do but my first thought is “What the HELL are Goldman Sachs AND THE FED doing in the European Governments?

Let’s see who the new prime ministers are:

Italy: Mario Monti
Monti is a Praesidium member of Friends of Europe, a leading European think tank, was the first chairman of Bruegel, a European think tank founded in 2005, and he is European Chairman of the Trilateral Commission, a think tank founded in 1973 by David Rockefeller. He is also a leading member of the Bilderberg Group. He also is an international adviser to Goldman Sachs and The Coca-Cola Company.

Greece: Lucas Papademos
He has served as Senior Economist at the Federal Reserve Bank of Boston in 1980. He joined the Bank of Greece in 1985 as Chief Economist, rising to Deputy Governor in 1993 and Governor in 1994. During his time as Governor of the national bank, Papademos was involved in Greece’s transition from the drachma to the euro as its national currency.
After leaving the Bank of Greece in 2002, Papademos became the Vice President to Wim Duisenberg (and then Jean-Claude Trichet) at the European Central Bank from 2002 to 2010. In 2010 he left that position to serve as an advisor to Prime Minister George Papandreou. (That didn’t work out quite as planned, now, did it?)

President of the Central European Bank: Mario Draghi
Draghi was then vice chairman and managing director of Goldman Sachs International and a member of the firm-wide management committee (2002–2005). A controversy existed on his duties while employed at Goldman Sachs. Pascal Canfin (MEP) asserted Draghi was involved in swaps for European governments, namely Greece, trying to disguise their countries’ economic status.

Eviction of Occupy Wall Street at Liberty Square Underway
SEE THE LIVE BROADCAST

Liberty Square (Zuccotti Park), home of Occupy Wall Street for the past two months and birthplace of the 99% movement that has spread across the country and around the world, is presently being evicted by a large police force.

At this point, I wouldn’t be surprised to see some unethical strategies used against the movement, like in Rome on #OCT15

EVERYONE should get to the park immediately for eviction defense!

Police deploys sound cannon

More information to follow.

Updates

  • 3:36 a.m. Kitchen tent teargassed. Police moving in with zip cuffs.
  • 3:33 a.m. Bulldozers moving in
  • 3:16 a.m. Occupiers linking arms around riot police
  • 3:15 a.m. NYPD destroying personal items. Occupiers prevented from leaving with their possessions.
  • 3:13 a.m. NYPD deploying sound cannon
  • 3:08 a.m. heard on livestream: “they’re bringing in the hoses.”
  • 3:05 a.m. NYPD cutting down trees in Liberty Square
  • 2:55 a.m. NYC council-member Ydanis Rodríguez arrested and bleeding from head.
  • 2:44 a.m. Defiant occupiers barricaded Liberty Square kitchen
  • 2:44 a.m. NYPD destroys OWS Library. 5,000 donated books in dumpster.
  • 2:42 a.m. Brooklyn Bridge confirmed closed
  • 2:38 a.m. 400-500 marching north to Foley Square
  • 2:32 a.m. All subways but R shut down
  • 2:29 a.m. Press helicopters evicted from airspace. NYPD reporter arrested.
  • 2:27 a.m. Rally at bull statue
  • 2:22 a.m. Frontpage coverage from New York Times
  • 2:15 a.m. Occupiers who have been dispersed are regrouping at Foley Square
  • 2:10 a.m. Press barred from entering Liberty Square
  • 2:07 a.m. Pepper spray deployed — reports of at least one reporter sprayed
  • 2:03 a.m. Massive Police Presence at Canal and Broadway
  • 1:43 a.m. Helicopters overhead.
  • 1:38 a.m. Unconfirmed reports of snipers on rooftops.
  • 1:34 a.m. CBS News Helicopter Livestream
  • 1:27 a.m. Unconfirmed reports that police are planning to sweep everyone.
  • 1:20 a.m. Subway stops are closed.
  • 1:20 a.m. Brooklyn bridge is closed.
  • 1:20 a.m. Occupiers chanting “This is what a police state looks like.”
  • 1:20 a.m. Police are in riot gear.
  • 1:20 a.m. Police are bringing in bulldozers.

Phone

  • Call 311 if you’re in the NYC area.
  • NYPD 1st Precinct: 212.334.0611
  • NYPD Central Booking: 718.875.6303
  • NYPD Internal Affairs: 212.487.7350
  • City Hall: 212.788.3058

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