“The Bear Market Economics Phenomenon” is an observation of Political Economics. Wall Street Admits: ‘We Got Rich Off the Backs of Workers’ thus creating the Bear Market. The Bear Market is America's default war.
The ethic of Wall Street is the ethic of celebrity. It is fused into one bizarre, perverted belief system and it has banished the possibility of the country returning to a reality-based world or avoiding internal collapse. A society that cannot distinguish reality from illusion dies.
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FAIR USE NOTICE FAIR USE NOTICE: This page may contain copyrighted material the use of which has not been specifically authorized by the copyright owner. This website distributes this material without profit to those who have expressed a prior interest in receiving the included information for scientific, research and educational purposes. We believe this constitutes a fair use of any such copyrighted material as provided for in 17 U.S.C § 107.
The same financial institutions that caused the economic crisis and took billions in taxpayer bailouts are back to earning incredible profits. Meanwhile, Americans face shrinking pensions, rising foreclosures and unemployment, state budget cuts, predatory lending, outrageous overdraft fees, and sky-high credit card interest rates.
The American people want oversight, accountability and common-sense financial reform NOW. This is the classic David vs. Goliath fight, with Wall Street spending millions and millions on lobbying to defeat reforms that would protect the American people and our economy.
JOIN US on October 25-27 for a series of demonstrations when thousands of Americans - retirees, farmers, workers, homeowners, renters, students, clergy, and small business owners - come together on the streets of Chicago to demand a banking system that puts the American people first and a Congress that makes it happen! Take a look at the Showdown schedule of events, stay informed about event details and join our mailing list, and fill out the Showdown inquiry form to tell us when and where you want to plug into the fight!
We are everyday people – retirees, farmers, workers, homeowners, renters, students, clergy, and small business owners from across the United States. We are coming together in Chicago because there is so much at stake and no time to waste.
It is clear that our financial system is a mess and the American people are paying the price for it. Whether it be shrinking pensions, rising foreclosures, cresting unemployment, state budget cuts, payday lending, incredulous overdraft fees, and sky-high credit card interest rates – it is clear that the lack of regulation of the financial industry is hurting us all.
America can do better. Now is the time for us to enact significant financial reform to protect consumers and strengthen the American economy. If you believe now is the time to regulate the banks in the name of protecting people, we invite you to join us in Chicago, October 25-27.
Our entire financial system is broken. Banks and other financial institutions have worked overtime to repeal laws and regulations that were in place to protect the American people and the American economy. Now they are spending millions in Washington to defeat common-sense proposals that would make our economy stronger and more secure. The current financial system has drained the American people of hard-earned money and sent our economy to the brink of collapse.
Our democracy is broken. Wall Street has hijacked our democracy, spending millions and millions each year on lobbying to advance their private interests at the cost of the public’s interest. We need our elected officials from both parties to say “No” to money being handed out by Wall Street. Our elected officials face a “Which Side Are You On Moment.” Are they going to continue to take their orders from the folks on Wall Street, or are they going to stand with the American people and fight for financial reform now. Our message to our elected officials is “Stand With Us.”
It is time to come together. This is not a Democratic or Republican issue. Financial Reform that protects people and our economy is an American issue. We must come together to ensure our financial system is remade to benefit the common good.
WHAT'S UP WITH OUR BANKS?
Ever wonder what your bank has been up to since the bail out and what they're doing with YOUR tax dollars? Click on a report below and find out how the lending practices of big banks have destroyed our communities and the public's trust.
James Mumm, Organizing Director at the National People's Action, Nomi Prins, author of It Takes a Pillage: Behind the Bailouts, Bonuses, and Backroom Deals from Washington to Wall Street, and Dean Baker, Co-Director of the Center for Economic and Policy Research and the author of Plunder and Blunder: The Rise and Fall of the Bubble Economy, discuss why the economy hasn’t been “fixed” and Wall Street is celebrating. Mumm also talks about what is happening to our communities on the ground since the bail out and how Americans are gearing up for the Showdown in Chicago. (Air date: September 30, GRITtv)
PODCASTS
This podcast features one group of people headed from the Northwest Bronx in New York to Chicago and the perspective of National People’s Action Executive Director George Goehl. (Produced on October 12 by Pro Media Communications)
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