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

Saturday, February 11, 2012

The big banks win again

Click here to access article by Matt Stoller from Salon. 
...this agreement is simply a continuation of the policy framework of both the Bush and the Obama administrations. So what, exactly, is that framework? It is, as Damon Silvers of the Congressional Oversight Panel, which monitored the bailouts, once put it, to preserve the capital structures of the largest banks.
Read also this article entitled, "Obama administration brokers pro-bank mortgage fraud settlement", from WSWS for more details.

This is just another piece of evidence that the One Percent rules the US with impunity. We live under a dictatorship of the One Percent. The only final solution is to take away their power, and to do that, we must take away their system of capitalism. And, how do we do that? Stay tuned, or better yet, stay active and informed.