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Forum Post: In case you were wondering. Re-gaining Government.

Posted 2 years ago on Feb. 26, 2012, 5:24 p.m. EST by DKAtoday (28443) from Coon Rapids, MN
This content is user submitted and not an official statement

It may well be a life long struggle to achieve.

It will certainly be an eternal fight to maintain.

The process begins but does not end.

What I advocate here and elsewhere is to be involved, let your voice be heard. Take every action that you can, use any tool that comes to your hand.

We will change nothing from the outside looking in. We need to participate in the process, like nothing we have ever done before. We must own the process and then occupy it forever.

See Also: http://occupywallst.org/forum/get-active-be-proactive-unite-in-common-cause/

See Also: http://occupywallst.org/forum/can-your-voice-make-a-difference-on-line/

See also: http://occupywallst.org/forum/osta-first-we-had-one-then-two-sponsors-for-the-on/

19 Comments

19 Comments


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[-] 3 points by beautifulworld (21086) 2 years ago

Nice post. All true.

[-] 2 points by GirlFriday (17435) 2 years ago

I agree. Vigilance.

It is going to be an uphill battle.

[-] -2 points by DKAtoday (28443) from Coon Rapids, MN 2 years ago

Roll-up those sleeves were American.

[-] -3 points by DKAtoday (28443) from Coon Rapids, MN 2 years ago

The attack on women's rights.

The attack on the public of Wisconsin.

The attack on the Public of Michigan.

The attack on the population of the USA.

ALEC writing legislation for the corruption of Federal and State Government.

Massive rip off of Public funds ( Federal Government by another name ) in the form of Health care providers overcharging Medicare Medicaid Blue Shield Blue Cross.

Keystone Pipeline buy local governments to use eminent domain to seize a right of way for their pipeline that has not been approved. Trying to force the issue in through the back door.

Fossil Fuel industry running wild with mega billions in profits raising prices again to further stifle the public and the economy.

Illegal Loans ( trillions of dollars ) made to Banks Domestic and foreign to bail them out of failure for their own criminal practices.

What more could anyone need to see or know to understand this is our fight. This is our need to regain control of the Government. State and Federal.

[-] -3 points by DKAtoday (28443) from Coon Rapids, MN 2 years ago

What could you possibly be waiting for. Act now.

Do you need another reason? http://sanders.senate.gov/imo/media/doc/GAO%20Fed%20Investigation.pdf

208,300 signatures so far for Bernie Sanders petition as of 6:28pm central time 02/27/2012

http://sanders.enews.senate.gov/mail/util.cfm?mailaction=clickthru&gpiv=2100081904.557411.411&gen=1&mailing_linkid=34578

Read it and find out. What it is all about.

http://www.sanders.senate.gov/imo/media/doc/Saving-American-Democracy.pdf

[-] -3 points by DKAtoday (28443) from Coon Rapids, MN 2 years ago

Do you need another reason? http://sanders.senate.gov/imo/media/doc/GAO%20Fed%20Investigation.pdf


The Fed Audit

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July 21, 2011

The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how the U.S. provided a whopping $16 trillion in secret loans to bail out American and foreign banks and businesses during the worst economic crisis since the Great Depression. An amendment by Sen. Bernie Sanders to the Wall Street reform law passed one year ago this week directed the Government Accountability Office to conduct the study. "As a result of this audit, we now know that the Federal Reserve provided more than $16 trillion in total financial assistance to some of the largest financial institutions and corporations in the United States and throughout the world," said Sanders. "This is a clear case of socialism for the rich and rugged, you're-on-your-own individualism for everyone else."

Among the investigation's key findings is that the Fed unilaterally provided trillions of dollars in financial assistance to foreign banks and corporations from South Korea to Scotland, according to the GAO report. "No agency of the United States government should be allowed to bailout a foreign bank or corporation without the direct approval of Congress and the president," Sanders said.

The non-partisan, investigative arm of Congress also determined that the Fed lacks a comprehensive system to deal with conflicts of interest, despite the serious potential for abuse. In fact, according to the report, the Fed provided conflict of interest waivers to employees and private contractors so they could keep investments in the same financial institutions and corporations that were given emergency loans.

For example, the CEO of JP Morgan Chase served on the New York Fed's board of directors at the same time that his bank received more than $390 billion in financial assistance from the Fed. Moreover, JP Morgan Chase served as one of the clearing banks for the Fed's emergency lending programs.

In another disturbing finding, the GAO said that on Sept. 19, 2008, William Dudley, who is now the New York Fed president, was granted a waiver to let him keep investments in AIG and General Electric at the same time AIG and GE were given bailout funds. One reason the Fed did not make Dudley sell his holdings, according to the audit, was that it might have created the appearance of a conflict of interest.

To Sanders, the conclusion is simple. "No one who works for a firm receiving direct financial assistance from the Fed should be allowed to sit on the Fed's board of directors or be employed by the Fed," he said.

The investigation also revealed that the Fed outsourced most of its emergency lending programs to private contractors, many of which also were recipients of extremely low-interest and then-secret loans.

The Fed outsourced virtually all of the operations of their emergency lending programs to private contractors like JP Morgan Chase, Morgan Stanley, and Wells Fargo. The same firms also received trillions of dollars in Fed loans at near-zero interest rates. Altogether some two-thirds of the contracts that the Fed awarded to manage its emergency lending programs were no-bid contracts. Morgan Stanley was given the largest no-bid contract worth $108.4 million to help manage the Fed bailout of AIG.

A more detailed GAO investigation into potential conflicts of interest at the Fed is due on Oct. 18, but Sanders said one thing already is abundantly clear. "The Federal Reserve must be reformed to serve the needs of working families, not just CEOs on Wall Street."

To read the GAO report, click here.

[-] -3 points by DKAtoday (28443) from Coon Rapids, MN 2 years ago

208,244 signatures so far for Bernie Sanders petition as of 10:04am central time 02/27/2012

http://sanders.enews.senate.gov/mail/util.cfm?mailaction=clickthru&gpiv=2100081904.557411.411&gen=1&mailing_linkid=34578

Read it and find out. What it is all about.

http://www.sanders.senate.gov/imo/media/doc/Saving-American-Democracy.pdf

[-] 1 points by zymergy (236) 2 years ago

look also at Sanders support at americanselect.org

[+] -4 points by DKAtoday (28443) from Coon Rapids, MN 2 years ago

Thanks.

[-] 1 points by MattLHolck (16833) from San Diego, CA 2 years ago

why is it called "The Saving American Democracy Amendment" ?

when it is about transparency in campaign funding and corporations

[+] -4 points by DKAtoday (28443) from Coon Rapids, MN 2 years ago
[-] 1 points by MattLHolck (16833) from San Diego, CA 2 years ago

i need a title that tells me

[-] -3 points by DKAtoday (28443) from Coon Rapids, MN 2 years ago

1 points by MattLHolck (5235) 15 minutes ago

i need a title that tells me ↥like ↧dislike reply permalink


Without reading the post ( accessing the link ) without reading the article itself ( accessing the link ) This is the best you are going to get.


Sen. Bernie Sanders has proposed a constitutional amendment that would overturn the Supreme Court decision in a case called Citizens United vs. FEC. WE THE PEOPLE, NOT WE THE CORPORATIONS

The Saving American Democracy Amendment states that:

Corporations are not persons with constitutional rights equal to real people.
Corporations are subject to regulation by the people.
Corporations may not make campaign contributions or any election expenditures.
Congress and states have the power to regulate campaign finances.
[-] 0 points by MattLHolck (16833) from San Diego, CA 2 years ago

here's my edit of the front proposal

Proposing an amendment to the Constitution of the United States

  • to expressly exclude for-profit corporations from constitutional recognition of the peoples right
  • to prohibit corporate spending in all elections,
  • to affirm Congress and States regulation authority of corporations
  • and to affirm Congress and the States regulation authority to set limits on all election contributions and expenditures.

It seems two issues are being pushed in this amendment

1 to set limits on campaign contribution and spending

(this rule allows limit to be but that doesn't mean our the states of congress will set them)

2 "affirm" States and Congress the power to regulate corporations

(because they already have that power?)

A constitutional amendment takes a great deal of effort to pass

and I'd honestly want an amendment with more teeth

[-] -3 points by DKAtoday (28443) from Coon Rapids, MN 2 years ago

Dislike you are muddying up the issue. You want to address campaign reform in a campaign reform bill.

For clarity - one subject at a time - see the OSTA petition.

[-] 1 points by Nevada1 (4759) 2 years ago

Agree.

[+] -4 points by DKAtoday (28443) from Coon Rapids, MN 2 years ago

Hey Nevada. Good to see you stoppin by.

[-] 1 points by Nevada1 (4759) 2 years ago

Hi DKA, Thank you for your effort here. Best Regards, Nevada

[+] -4 points by DKAtoday (28443) from Coon Rapids, MN 2 years ago

Thanks for your support, check out my latest addition to the post.