We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore Lappé, excerpt from Time for Progressives to Grow Up
Tuesday, September 6, 2011
50 State Attorney General Effort to Sell Out to Banks Makes Even More Egregious Offer
Smith's blog is written for liberals in the financial services industry, and as such, it is addressed in their language. This honest blogger who has had a long career in the financial services industry knows of what she writes. This effort by the big banks to be released from legal actions resulting from many of their gross malpractices in relation to mortgages has been largely unreported in mainstream media. Remember it was the mortgage scam that was mostly responsible for the crash of our economy and the imperiling of the lives of many working people across the globe.
There is presently negotiations being held in an attempt to shield the banks from US state lawsuits. The author sees a big sellout being attempted by the big banks and Iowa's Attorney General Tom Miller who supposedly represents the citizens of Iowa and the interests of citizens across the country. These negotiations are largely being reported only in the financial media, and it is highly distorted in favor of the banks. (If you need further background on this be sure to read this and other links she provides in her article.)