Obama to Use Pension Funds of Ordinary Americans

Obama to Use Pension Funds of Ordinary Americans to Pay for Bank Mortgage “Settlement”

Obama’s latest housing market chicanery should come as no surprise. As we discuss below, he will use the State of the Union address to announce a mortgage “settlement” by Federal regulators, and at least some state attorneys general. It’s yet another gambit designed to generate a campaign talking point while making the underlying problem worse.The president seems to labor under the misapprehension that crimes by members of the elite must be swept under the rug because prosecuting them would destabilize the system.

What he misses is that we are well past the point where coverups will work, and they may even blow up before the November elections. If nothing else, his settlement pact has a non-trivial Constitutional problem which the Republicans, if they are smart, will use to undermine the deal and discredit the Administration.

As I urged last week, please call your state attorney general and tell them you think taking from your pension to enrich banks for abusing homeowners is a lousy idea and they should therefore refuse to sign on to the settlement. You can find their phone numbers here. Please call today if you haven’t already. Thanks!
http://www.commondreams.org/view/2012/01/23-8


It's easy to be "speedy" and "flexible" when you effectively own your "employees" as slaves!
A foreman immediately roused 8,000 workers inside the company’s dormitories, according to the executive. Each employee was given a biscuit and a cup of tea, guided to a workstation and within half an hour started a 12-hour
shift fitting glass screens into beveled frames. Within 96 hours, the plant was producing over 10,000 iPhones a day.
http://www.financialsense.com/contributors/karl-denninger/2012/01/23/apple-and-america-chinese-slave-labor-problem

George Carlin - The Owners of America
http://www.youtube.com/watch?v=QT0OJEFlq7A