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pantsonfire

pantsonfire's Journal
pantsonfire's Journal
April 15, 2016

"I can no longer be a Clinton supporter in the name of Feminism" - bell hooks

"Identity politics vs. Who are you and what do you stand for? That's why Baldwin says, 'It's not a question if your gay or straight or black or white, what do you stand for? who are you?' "



Regarding bell hooks not being capitalized:
As a writer, she chose the pseudonym, bell hooks, in tribute to her mother and great-grandmother. She decided not to capitalize her new name to place focus on her work rather than her name, on her ideas rather than her personality.
April 15, 2016

What is Hillary doing today? Why are Clinton supporters so obsessed with the Vatican?

BREAKING NEWS: Sanders not meeting with pope.....like really? What is up?

April 15, 2016

Elizabeth Warren Has Basically Had It With Paul Krugman’s Big Bank Nonsense

WASHINGTON — Sen. Elizabeth Warren (D-Mass.) appeared to offer a thinly veiled rebuke of liberal economist Paul Krugman on Wednesday by highlighting a “scary” too-big-to-fail ruling from federal bank regulators.

The Federal Reserve and the FDIC said Wednesday that five of the biggest banks in the country cannot credibly be unwound safely without bailout money from taxpayers.

“This announcement is a very big deal. It’s scary,” Warren said in a written statement. “After an extensive, multi-year review process, federal regulators concluded that five of the country’s biggest banks are still — literally — too big to fail. They officially determined that five U.S. banks are large enough that any one of them could crash the economy again if they started to fail and were not bailed out.”

But Warren directed her sharpest words at an unnamed set of people who have recently downplayed the role of big banks in the financial crisis and questioned the value of breaking up big banks — an apparent reference to the Nobel Prize-winning Krugman.

There’s been a lot of revisionist history floating around lately that the Too Big to Fail banks weren’t really responsible for the financial crisis,” Warren said. That talk isn’t new. Wall Street lobbyists have tried to deflect blame for years. But the claim is absolutely untrue.”

“Revisionist history is dangerous because it can blind us in the present - and bind us in the future,” Warren countered. “Today’s announcement should remind us of the central role that the big banks played in the last crisis - and it is a giant, flashing sign warning us about the central role they will play in the next crisis unless both Congress and our regulators show some backbone. ... Today, our top regulators warned us about the danger of the biggest banks - and we would be foolish to ignore their warnings.

http://www.huffingtonpost.com/entry/elizabeth-warren-big-banks_us_570ea9d6e4b03d8b7b9f52aa?section=politics

April 15, 2016

Recent Bernie email about Verizon's attack and FDR.

Yesterday the CEO of Verizon said that I was "contemptible." He doesn't like that yesterday I walked the picket line with striking Verizon workers, or that I think Verizon needs to pay its fair share in taxes.

Verizon's attack reminded me of what President Franklin Delano Roosevelt said in New York City in 1936:

"We had to struggle with the old enemies of peace — business and financial monopoly, speculation, reckless banking, class antagonism, sectionalism, war profiteering.

"They had begun to consider the Government of the United States as a mere appendage to their own affairs. We know now that Government by organized money is just as dangerous as Government by organized mob.

"Never before in all our history have these forces been so united against one candidate as they stand today. They are unanimous in their hate for me — and I welcome their hatred."

Like FDR, I welcome the contempt of Verizon's CEO. I welcome the hatred and contempt of every Wall Street banker, hedge fund manager, pharmaceutical lobbyist and fracking executive trying to stop our campaign.

In solidarity,
Bernie Sanders
April 14, 2016

Hillary Clinton Made More in 12 Speeches to Big Banks Than Most of Us Earn in a Lifetime

Clinton’s most lucrative year was 2013, right after stepping down as secretary of state. That year, she made $2.3 million for three speeches to Goldman Sachs and individual speeches to Deutsche Bank, Morgan Stanley, Fidelity Investments, Apollo Management Holdings, UBS, Bank of America, and Golden Tree Asset Managers.

To put these numbers into perspective, compare them to lifetime earnings of the median American worker. In 2011, the Census Bureau estimated that, across all majors, a “bachelor’s degree holder can expect to earn about $2.4 million over his or her work life.” A Pew Research analysis published the same year estimated that a “typical high school graduate” can expect to make just $770,000 over the course of his or her lifetime.

https://theintercept.com/2016/01/08/hillary-clinton-earned-more-from-12-speeches-to-big-banks-than-most-americans-earn-in-their-lifetime/

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