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Big Wall Street Banks get a big "F" from Federal Regulators:

Wall Street banks spent two years asking U.S. regulators what they should put in hypothetical bankruptcy plans to prove they aren’t “too big to fail.” The agencies broke their silence today with a grade: Fail.
The Federal Reserve and Federal Deposit Insurance Corp. told 11 of the largest U.S. and foreign banks, including JPMorgan Chase & Co. and Goldman Sachs Group Inc., that they botched their so-called living wills. The agencies ordered the banks to simplify their legal structures and revise some practices to make sure they can collapse without damaging the wider financial system.
Cont..
The living-wills exercise was a key check on large banks written into the Dodd-Frank Act, a regulatory overhaul prompted by the 2008 financial crisis. Lehman Brothers Holdings Inc. provided the horror story for what happens when big, complex financial firms land in bankruptcy court. So the regulators today directed the banks to take immediate action to make their holding companies easier to dismantle before their next round of annual filings in 2015.
The current plans “demonstrate little ability to cope adequately with failure without some form of government support,” FDIC Vice Chairman Thomas Hoenig said in a statement. “The economy would almost surely go into crisis.”
Spokesmen for the individual banks declined to comment.
Lawmakers have pressured the agencies to be tough.

“Too Big to Fail is alive and well,” Senator Sherrod Brown, a Democrat of Ohio, said in an e-mail. “The FDIC’s statement that these living wills are not credible means that megabanks will live on taxpayer life support in the event of a crash.”

At a congressional hearing last month, Senator Elizabeth Warren, a Massachusetts Democrat, pressed Fed Chair Janet Yellen to make the living wills convincing.

“Can you honestly say that JPMorgan could be resolved in a rapid and orderly fashion as described in its plans with no threats to the economy and no need for a taxpayer bailout?” Warren asked at the July 15 hearing.

So, I guess the banks might need another bailout again because they don't know how to run their shit. I dunno, they should try and fix that, it seems against the laws of capitalism or something.

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Comment Preferences

  •  Tip Jar (5+ / 0-)

    "....No Compromise in the Defense of Mother Earth!"

    by Seattle Socialist on Tue Aug 05, 2014 at 07:06:36 PM PDT

  •  i dig Liz Warren though (1+ / 0-)
    Recommended by:
    oldpotsmuggler

    she is gong to be our next prez so i want to impress her with my knowledge of capitalist systems.

    "....No Compromise in the Defense of Mother Earth!"

    by Seattle Socialist on Tue Aug 05, 2014 at 07:08:38 PM PDT

    •  i can't talk about weed here though (0+ / 0-)

      prez, but i know some of you high class motherfuckers from Africa are smoking weed at the White House right now. Legalize weed now prez. If anyone from Africa reads this, you can buy all kinds of weed in Washington DC, OK, ask prez he knows where to get it. prez, hook up Lionel Ritchie too with some smoke he is too old for cocaine anymore, although it would be cool to do cocaine with Lionel Ritchie.

      "....No Compromise in the Defense of Mother Earth!"

      by Seattle Socialist on Tue Aug 05, 2014 at 07:17:30 PM PDT

      [ Parent ]

      •  "i'm easy......easy like sunday morning" (0+ / 0-)

        Yeeeaaa!

        that's why i'm eeeeeeaaaaaaaaassssy

        yeeeeaaaaah!

        easy like sunday: mooooorniiingg!

        "....No Compromise in the Defense of Mother Earth!"

        by Seattle Socialist on Tue Aug 05, 2014 at 07:29:05 PM PDT

        [ Parent ]

        •  US government had role in experimental Ebola drug (0+ / 0-)

          this is exiting news, but the way they make this shit is crazy prez, they infect tobacco plants with ebola, then wait a few weeks for the tobacco plant to make anti-bodies, then they crush the tobacco plant up and make the serum.

          dude, that is fukin brilliant seriously:

          http://www.usnews.com/...

          (that reminds me, i have to go pick up some smoke, i gotta go..)

          "....No Compromise in the Defense of Mother Earth!"

          by Seattle Socialist on Tue Aug 05, 2014 at 07:41:38 PM PDT

          [ Parent ]

          •  prez, sing with me.. (0+ / 0-)

            i wanna be high, so high!

            i wanna be free to love the things i do with my time!

            i wanna free!!

            "....No Compromise in the Defense of Mother Earth!"

            by Seattle Socialist on Tue Aug 05, 2014 at 08:50:30 PM PDT

            [ Parent ]

            •  i wanna be free! (0+ / 0-)

              "....No Compromise in the Defense of Mother Earth!"

              by Seattle Socialist on Tue Aug 05, 2014 at 09:03:07 PM PDT

              [ Parent ]

              •  prez (0+ / 0-)

                Read this here, from the LA Times today:

                "Three leading Ebola experts call for release of experimental drug"

                Three leading experts on the Ebola virus said Wednesday that experimental drugs should be provided to Africa, and that if the deadly virus was rampant in Western countries it would be "highly likely" that authorities would give people access to the medications.

                A decision to allow two American health workers infected in Liberia to have access to an experimental treatment -- while dozens of African doctors and nurses have perished -- has ignited a controversy over the ethics of the decision, which reportedly side-stepped Liberian health regulations.

                cont..
                Three leading experts called for steps to allow African governments to make their own choices on whether the drugs should be available to some needy cases.

                "....No Compromise in the Defense of Mother Earth!"

                by Seattle Socialist on Wed Aug 06, 2014 at 09:29:06 AM PDT

                [ Parent ]

  •  Krugman (3+ / 0-)
    Recommended by:
    Seattle Socialist, Greyhound, Patango

    Wasn't he just cheerleading recently about the success that Dodd-Frank was?

    This report confirmed what any common sense American knows about how effective financial reform was.

    The problem is and always has been people in their gut know when they are being pissed on no matter how much you try and argue it's really rain.

    People then just start tuning you out when they know they are being lied to.

    Every month now the govt releases great reports on the economy, and people don't give a shit because in their own little world they know what's really happening with the economy on the ground.

    Good paying jobs are still scarce, and no serious attempt was made to regulate the market in such a way that would keep a repeat of 2008 from happening.

    It is why (much to the frustration of many Washington politicians) they are getting no credit for the economy having "improved".

    •  fuck yeah (0+ / 0-)

      this here:

      Every month now the govt releases great reports on the economy, and people don't give a shit because in their own little world they know what's really happening with the economy on the ground.

      Good paying jobs are still scarce, and no serious attempt was made to regulate the market in such a way that would keep a repeat of 2008 from happening.

      This is why Liz Warren is the next pez, she is taking on this shit because she knows people are not getting paid enough for things to work right in America.

      this lady gets stuff done, or at least tries to. someone should buy her a drink for real.

      "....No Compromise in the Defense of Mother Earth!"

      by Seattle Socialist on Tue Aug 05, 2014 at 08:47:11 PM PDT

      [ Parent ]

    •  Dr. Krugman is one of the very best at what he (1+ / 0-)
      Recommended by:
      Seattle Socialist

      does. He's also a multimillionaire for whom the system has worked very well. Never disregard a person's built-in bias when considering their assertions.

      The Dodd-Frank Democratic Fig-Leaf is as useless as its credited authors were.

      "Those who can make you believe absurdities can make you commit atrocities." - Voltaire

      by Greyhound on Tue Aug 05, 2014 at 09:10:38 PM PDT

      [ Parent ]

    •  When laws tell people what not to do and they (1+ / 0-)
      Recommended by:
      alypsee1

      do it anyway, we can lock them away so they won't do it again. One-off crime is impossible to prevent.
      On the other hand, when the laws tell people (natural or artificial) what to do, making them do it is virtually impossible. That's why we hire (pay) people to do what they are told and, if they don't, they are supposed to get fired and replaced by somebody who does. That's also why we provide for the creation of artificial people (corporations) to perform specific socially useful tasks and, if they don't, we can terminate their charters on the spot.
      However, actually terminating corporations is where we have been lax. Dodd/Frank spells out the terms under which this is supposed to be done, but first it had to set up a mechanism for discovering that banks, in particular, were/are not doing what they were supposed to do by making them open their books to inspection. It's not possible to know that a corporation is on the verge of failing, if what it is doing is all a secret.
      The reason corporations (artificial persons) are keen to be regarded as persons is so they can hold on to the right to privacy, just like a natural person, and not have to reveal incriminating information to the public officials that supervise their operations.
      It is difficult to fault public officials for not acting on information they don't have, unless one happens not to want those public officials to be effective in the first place. Which, I think, it is fair to charge the corporate party with.
      Why would legislators set up rules and regulations they don't want to be effective? Because legislators are members of public corporations and, like doting parents for off-spring, have a particular affection for the private corporations they create. So, if the latter are out of line, it's because that's how their creators prefer it.
      What we need to remember is that, although private commercial, industrial and agricultural corporations operate nationally, they are chartered by individual states, whose jealousy of their powers and the opportunity to act nationally (through their private surrogates) tends to trump their allegiance to the populus. Power lust is hard to overcome.

    •  Wealth is being siphoned (0+ / 0-)

      out of local communities and funneled through Wall Street. It's the Wal-Mart effect writ large.

      I'm living in America, and in America you're on your own. America's not a country. It's just a business.

      by CFAmick on Wed Aug 06, 2014 at 09:00:23 AM PDT

      [ Parent ]

  •  Failing Grades (1+ / 0-)
    Recommended by:
    Seattle Socialist

    Well, I think this is a clear case of the teachers being tenured and not really caring if the students can actually learn anything.  

    They should be fired.  

    (And by fired I mean "not reelected.")

  •  i love janet yellen and liz warren (1+ / 0-)
    Recommended by:
    puakev

    here they are:

    two bad-ass smart ladies right there.

    "....No Compromise in the Defense of Mother Earth!"

    by Seattle Socialist on Tue Aug 05, 2014 at 09:01:16 PM PDT

    •  i hear things about this (0+ / 0-)

      Sherrod Brown guy, he seems like a good Democrat. is he black?  

      Sherrod Brown sounds black.

      "....No Compromise in the Defense of Mother Earth!"

      by Seattle Socialist on Tue Aug 05, 2014 at 09:41:13 PM PDT

      [ Parent ]

      •  i googled it (0+ / 0-)

        he is white.

        just for the record.

        "....No Compromise in the Defense of Mother Earth!"

        by Seattle Socialist on Tue Aug 05, 2014 at 09:42:38 PM PDT

        [ Parent ]

        •  the Blacks at least get roles (0+ / 0-)

          comparable to their percentage of the population, but the Hispanics get almost nothing:

          A new study shows that less than 5 percent of actors in top Hollywood films are Hispanic, and that Latinas are more likely than women of any other ethnicity to appear partially or totally naked on screen.

          The study of the top 100 grossing films in 2013, by the University of Southern California's Annenberg school, found that the make-believe world of movies generally does not reflect what America looks like in real life.

          About 74 percent of the actors in the study were white, compared with a U.S. population that's 63 percent non-Hispanic white.

          Hispanics, who are 17 percent of the nation but had 4.9 percent of film roles, were the most underrepresented group on screen. That's despite the fact that Hispanics bought about 25 percent of all movie tickets and are more likely than any other group to go to the movies, according to the Motion Picture Association of America.

          Black characters represented about 14 percent of those in the films, which is comparable to America's 13 percent black population. However, 17 percent of the films examined in the study did not have a single black speaking role, and half the films had a smaller percentage than the population, which indicates that a few movies with predominantly black casts balanced out the many movies with few black actors.

          2013 was called a banner year for black actors, due to the success of films such as "Fruitvale Station," ''Lee Daniels' The Butler" and "12 Years a Slave," which made Steve McQueen the first black winner of the best-director Oscar.

          http://www.cbsnews.com/...

          "....No Compromise in the Defense of Mother Earth!"

          by Seattle Socialist on Tue Aug 05, 2014 at 09:53:35 PM PDT

          [ Parent ]

  •  Wall St and the big banks (1+ / 0-)
    Recommended by:
    Seattle Socialist

    are just waiting for a call back to the White House for another luncheon with Obama and his pals , so they can slap each other on the back and say what sucker idiots team obama and the public are  

    Beer Drinkers & Hell Raisers

    by Patango on Tue Aug 05, 2014 at 09:33:03 PM PDT

  •  this whole thing seems like a big deal i think.. (2+ / 0-)
    Recommended by:
    VirginiaJeff, alypsee1

    New York Times weighs in:

    Congress’s overhaul of the financial system aims to reshape large banks so that if they get into trouble they can descend into an orderly bankruptcy that does not set off a wider panic.

    But on Tuesday, two regulators, the Federal Reserve and the Federal Deposit Insurance Corporation, sharply criticized the plans that the banks have prepared for winding themselves down in a controlled fashion. The F.D.I.C. said that it had determined that the so-called living wills were “not credible.”

    The agencies have sent letters to 11 banks, including JPMorgan Chase and Goldman Sachs, pointing out perceived shortcomings in the resolution plans that they submitted in 2013. The agencies demanded that the banks make improvements in living wills they submit for 2015.

    “Despite the thousands of pages of material these firms submitted, the plans provide no credible or clear path through bankruptcy that doesn’t require unrealistic assumptions and direct or indirect public support,” Thomas M. Hoenig, the vice chairman of the F.D.I.C., said in a statement.

    If the banks do not make satisfactory changes, the regulators could take action, including requiring banks to sell units to shrink and simplify their corporate structures if they failed to comply with other orders, officials of the agencies said.

    "....No Compromise in the Defense of Mother Earth!"

    by Seattle Socialist on Tue Aug 05, 2014 at 10:27:35 PM PDT

    •  something aint right (1+ / 0-)
      Recommended by:
      VirginiaJeff

      i thought Barney Frank said "too big too fail" was over:

      To prevent a repeat of history, the Wall Street reform bill, signed into law by President Obama on July 21, 2010, contained an explicit ban on future AIG-style bailouts: “No taxpayer funds shall be used to prevent the liquidation of any financial company,” the law says.

      So it is not surprising that when Rep. Barney Frank (D-Mass.), one of the law’s chief architects, spoke this week in front of the National Press Club to reflect on its progress one year later, he insisted several times that “too big to fail” was over:

      “We are the first nation to say, ‘Hey, if you get in trouble, you're dead.’ And we will then worry about your mess, and we may have to minimize the mess you left behind. But if we — if that costs us any money — it's coming from your colleagues; it's not coming out of the taxpayer. And we think that model is an attractive one.”

      But whether that model will work in practice is a whole other issue. John Walsh, acting comptroller of the currency, said in a June speech that banks’ “unique role” in the economy “requires them to take risk,” and therefore “justifies the maintenance of a public safety net” by taxpayers, which is “unlikely ever to be provided at zero public cost.”

      The remark earned him a reprimand from Frank: “As you know, the financial reform law passed last year closes off that possibility,” Frank wrote to Walsh in a letter July 12. “I would appreciate your dispelling this notion immediately so that taxpayers and market participants are confident that the U.S. government stands firmly behind the idea that the era of bailouts is over.”

      It now don't look like what this guy here is saying back in 2011.

      "....No Compromise in the Defense of Mother Earth!"

      by Seattle Socialist on Tue Aug 05, 2014 at 10:36:09 PM PDT

      [ Parent ]

      •  New York Times cont.. (0+ / 0-)
        One large bank’s troubles can prompt creditors and depositors to flee other banks, setting off chaotic chain reactions throughout the system. Confronted with such an outcome in 2008, the government chose to bail out the banks to shield the wider economy from catastrophe. Congress did not want to repeat the bailouts, so it passed the 2010 Dodd-Frank Act, which aims to strengthen the financial system.

        One of the act’s more ambitious goals was to find a way to put banks into bankruptcy in a more predictable fashion.

        The living wills are intended to give bankers and regulators a clearer understanding of a bank’s operations and its assets and liabilities. The plans also aim to map out the steps the banks would take to distribute large losses among stakeholders.

        "....No Compromise in the Defense of Mother Earth!"

        by Seattle Socialist on Tue Aug 05, 2014 at 10:39:21 PM PDT

        [ Parent ]

        •  well well well (1+ / 0-)
          Recommended by:
          VirginiaJeff

          i like this snippet from Barney Franks 2011 article:

          acting comptroller of the currency, said in a June speech that banks’ “unique role” in the economy “requires them to take risk,” and therefore “justifies the maintenance of a public safety net” by taxpayers, which is “unlikely ever to be provided at zero public cost.”

          "....No Compromise in the Defense of Mother Earth!"

          by Seattle Socialist on Tue Aug 05, 2014 at 11:11:39 PM PDT

          [ Parent ]

  •  Capitalism is the human esoteric version of (1+ / 0-)
    Recommended by:
    Seattle Socialist

    predatory taking. Predators don't look ahead. Theirs is a "catch-as-catch-can" existence. They exploit their environment, though, usually, not their own kind. After all, routine cannibalism would soon exterminate the species.
    Humans can get away with predating their own kind as a matter of routine by doing it symbolically or indirectly -- in effect applying the strategies of animal husbandry to their own kind.
    Delayed destruction encourages the reproduction of the specimens before its demise. If they die off in the prime of life, that's OK, as long as the reproductive cycle has been completed. On the other hand, any interference with the re-supply, such as is contemplated by contraceptive measures, can't be countenanced. Reproduction has to be steady and sustained, if the resource is to be exploited at will.

    If resources exist to be exploited by humans (as the Old Testament seems to assert), then the categorization of humans as resources tells us all we need to know. Exploitation is the main agenda of the ex-men and ex-men is what the other continents seem to have exported galore to North American shores.
    While it could be argued that the natural abundance of resources served as a prompt for their exploitation and waste, I don't buy into that explanation. More likely is that a certain percentage of the human species is lacking in one or more practical talents or skills and that deficit renders them incapable of transforming the natural environment to suit their needs. So, they take what they need from both Mother Nature and their own kind. Thievery is the default mode for creatures that can't process and share.  It's primitive but, from the perspective of sheer survival, it works. While language makes it possible for humans to communicate their needs and share both resources and products, language also makes it possible to disguise the absence of shareable talents.
    Aesop endowed the fox with speech to show how that works. In the absence of talent, speech promotes trickery.

    Tricky Dick was not anomalous. He was characteristic of people I now refer to as Cons.

    "Predatory capitalism" is likely a redundancy. Capitalism, at least as it has evolved from a strategy of preservation for the future to one of sheer accumulation, is predation on a symbolic level. Capital is a figment of the imagination.

  •  the word for the day (0+ / 0-)

    is "compromise" prez,

    when the Republicans (and Ted Cruz) take control of the Senate a few months from now, are you ready and willing to strike a deal with them?

    the polls will say you have to prez.

    you know, like on Keystone XL (and deportations) and stuff like that.

    The always pragmatic Clintons would strike grand deals with Senate Republicans, in order to "move our country forward" I don't Liz Warren would though. That's the "struggle" right there. The "battle for the soul" of the Democratic Party hinges on if you all are willing to negotiate and strike deals with Ted Cruz (and Goldman Sachs) on Social Security 3-4 years from now.

    *See, prez I already knew all these fools would roll over against the Third Way/Clintons, but i don't play that game prez (as you know), ill wait the Third Way, and the rest of these fools, out. Ill wait as long as it takes prez, and i will make sure to smack Bibi upside the head along the way. Be sure of that. OK, i really really want to see to you cut deals with Senate Republicans next year, so you can crush the life out of these ignorant whitebread "progressive" yokels. i wanna see it prez. we can channel the spirit of Ronald Reagan. We can all be the "staff of the chamber" together.

    "....No Compromise in the Defense of Mother Earth!"

    by Seattle Socialist on Wed Aug 06, 2014 at 11:13:39 AM PDT

    •  Bibi (0+ / 0-)

      see prez, the problem with Benjamin Netanyahu is that he is just a small man. you know the kind of person i am describing. kinda gutless.

      from my perspective, he is barely anything.

      "....No Compromise in the Defense of Mother Earth!"

      by Seattle Socialist on Wed Aug 06, 2014 at 05:46:54 PM PDT

      [ Parent ]

      •  prez (0+ / 0-)

        i did not mean that kind of strike, dippy.

        "....No Compromise in the Defense of Mother Earth!"

        by Seattle Socialist on Sat Aug 09, 2014 at 11:01:54 PM PDT

        [ Parent ]

        •  The Long Game, prez (0+ / 0-)

          I sure hope you can multi-task, or is this ISIS stuff all you can handle at once.

          Can you still do other things too, like, maybe help win some congress for these poor yokels, they wasted all of their time and money on you..

          "....No Compromise in the Defense of Mother Earth!"

          by Seattle Socialist on Sat Aug 09, 2014 at 11:18:12 PM PDT

          [ Parent ]

          •  prez (0+ / 0-)

            is this is all about that lame CIA torture report?

            not for nothing, but the CIA is kinda, how do i put it nicely, not totally totally lame by this point, but not that clever either.

            but they got no balls dude, you peoples are all weird and shit from hanging around DC jerking off to Lewis Powell Jr. quotes from 50 years ago. You all should move on from that, OK, you can make yourself sore from all that playing about down there prez.

            "....No Compromise in the Defense of Mother Earth!"

            by Seattle Socialist on Sun Aug 10, 2014 at 11:06:54 AM PDT

            [ Parent ]

            •  goddamn motherfucker (0+ / 0-)

              i stared at that shit for 5 fukin minutes and still wrote it all wrong.

              see prez, this is why i hate doing this shit, OK, i wish i was fukin dumb again so i could just smoke f'ng weed all the time and not have to fukin deal with you meemos. OK, this shit is dumb.

              I saw the headline today nig, Bears Roll Eagles. Get that. i am ready for Bears. They better stop the run this year, is all i am saying.

              "....No Compromise in the Defense of Mother Earth!"

              by Seattle Socialist on Sun Aug 10, 2014 at 11:17:08 AM PDT

              [ Parent ]

              •  OK (0+ / 0-)

                i gotta sit here and read a bunch of boring shit from some deluded yokels, fukin left wing progressive shit, motherfuckin ALEC don't put nothing good on TV/Roku anymore, except Masterchef, sports is all gay now , and now Black George W Bush. OK, fuck you. Send me some money so I can move to f'ng Hawaii already and smoke weed.

                "....No Compromise in the Defense of Mother Earth!"

                by Seattle Socialist on Sun Aug 10, 2014 at 11:25:31 AM PDT

                [ Parent ]

                •  speaking of gay football (0+ / 0-)

                  My man Mike Sam got his first ever NFL look the other day:

                  In St. Louis, the 'gayborhood' supports Michael Sam

                  If Sam succeeds, there's no doubt it would send a message within America's most popular sports league and, in turn, everywhere else.

                  "Just because you're gay doesn't mean you can't do something," Miller said. "African-Americans had to fight for their rights. Women had to fight for their voting rights. I just hope it steamrolls equality for everybody."

                  “I can play in this league,” Sam told reporters after Friday’s Saints-Rams game.  “That’s the most important.  I was kind of nervous.  I got some nerves out today.  It was a very good learning experience, and I can play in this league.”

                  Sam entered the game with 5:13 remaining in the first quarter.  He held his own (and based on the photo was held at least once), but ultimately made only one tackle.

                  prez, call this dude up for me and let him know that we are there with him in spirit, both black and white. You can be the white spirit (you are better at it than me), OK, and ill be the black spirit, ill talk about my jimmy and stuff. Mike can be the gay spirit. its like the holy trinity right there..

                  "....No Compromise in the Defense of Mother Earth!"

                  by Seattle Socialist on Sun Aug 10, 2014 at 11:51:12 AM PDT

                  [ Parent ]

                  •  prez (0+ / 0-)

                    what the fuck is up with Hillary slamming you all in the news, i saw that shit all over FOX News and everything, whats up with that?

                    that lady is a weirdo i think, and her husband is a friggin lech and a weirdo too.

                    "....No Compromise in the Defense of Mother Earth!"

                    by Seattle Socialist on Sun Aug 10, 2014 at 09:25:22 PM PDT

                    [ Parent ]

                    •  Dumb C Word (0+ / 0-)

                      That's that woman, OK

                      how does she have the balls to blame you for Iraq, but yet she sided with GWB back in 2003 onward. Those were her fuking votes, not yours, that practically nuked that place and made it that way, you were hardly a part of any of that, if at all.

                      That woman is smoking crack cocaine i think.

                      "....No Compromise in the Defense of Mother Earth!"

                      by Seattle Socialist on Sun Aug 10, 2014 at 09:50:52 PM PDT

                      [ Parent ]

                      •  seriously (0+ / 0-)

                        prez, both me and you would have at least taken the time to read the 100 page intelligence estimate before voting to go into Iraq, ya know. she couldn't even do that the first time around. dude, 100 pages though, how can she say anything at all about you and Iraq after that debacle.

                        "....No Compromise in the Defense of Mother Earth!"

                        by Seattle Socialist on Sun Aug 10, 2014 at 10:32:17 PM PDT

                        [ Parent ]

                        •  Hillary had that ALEC inside knowledge (0+ / 0-)

                          She didn't feel the need to read that Iraq intelligence report because she is a rich lazy fucker.

                          she had this here all memorized:

                          http://www2.gwu.edu/...

                          That thing is cool though, it talks about the Bears in there somewhere..

                          "....No Compromise in the Defense of Mother Earth!"

                          by Seattle Socialist on Sun Aug 10, 2014 at 11:12:35 PM PDT

                          [ Parent ]

                          •  prez, i heard her lechy husband (0+ / 0-)

                            was looking for me last year.

                            I am now 3 up on that weirdo.

                            And now she is crying to Bibi the small man:

                            "prez is stupid" or whatever..

                            (Squawk!)       (Squawk!!)

                            (Squawk!!!)

                            and an extra loud piercing:  (Squawk!!!!!)

                            "....No Compromise in the Defense of Mother Earth!"

                            by Seattle Socialist on Mon Aug 11, 2014 at 08:55:00 AM PDT

                            [ Parent ]

                          •  this is the same as last year, prez (0+ / 0-)

                            they must have some place where they crank out all these generic "progressive" websites, because this is exactly what happened last year.

                            We have the dumb yokels, they put the ads up for me, they are still all smarmy, its like the same thing all over again but with different people.

                            "....No Compromise in the Defense of Mother Earth!"

                            by Seattle Socialist on Mon Aug 11, 2014 at 09:28:23 AM PDT

                            [ Parent ]

                          •  We Do Have Our Side of Things, Mister (0+ / 0-)

                            The news stands -- at airports, drugstores, and elsewhere -- are filled with paperbacks and pamphlets advocating everything from revolution to erotic free love. One finds almost no attractive, well-written paperbacks or pamphlets on "our side."

                            My side would include legal weed, along with the revolution and free love stuff, and increasing the minimum wage too. That's how we roll..

                            "....No Compromise in the Defense of Mother Earth!"

                            by Seattle Socialist on Mon Aug 11, 2014 at 09:38:06 AM PDT

                            [ Parent ]

                          •  Senator Chuck Hagel (0+ / 0-)

                            another lightweight Iraq War voter.

                            Hey Chuck:

                            ALEC has played a highly visible role
                            that's some original shit there guy, its like, heavy in an old white man kinda way...

                            speaking of old white man:

                            F.B.I. Opens Inquiry Into Police Killing of St. Louis Teenager
                            The Federal Bureau of Investigation said on Monday that it had opened an inquiry into the weekend shooting death of an unarmed black teenager by a police officer that sparked a night of looting and vandalism in Ferguson, Mo., a suburb of St. Louis.

                            Special Agent Cheryl Mimura, of the F.B.I.'s office in St. Louis, said that the agency had begun an investigation into possible civil rights violations connected to the death of Michael Brown, 18, who had been planning to begin college classes on Monday.

                            The circumstances of Mr. Brown’s death remained in sharp dispute two days after he was killed by a police officer in Ferguson, a city of about 21,000 northwest of St. Louis. The police have said an officer, who has not been identified, was “physically assaulted” before opening fire early Saturday afternoon. The authorities also said there had been a struggle “over the officer’s weapon.”

                            But critics have questioned the police’s account and demanded that the officer face prosecution.

                            "....No Compromise in the Defense of Mother Earth!"

                            by Seattle Socialist on Mon Aug 11, 2014 at 11:41:20 AM PDT

                            [ Parent ]

                          •  Senator Hagel, don't be a wussy.. (0+ / 0-)

                            Send in some yokels, i mean, troops into Iraq.

                            Its s threat to civilization man, send in the troops, pronto amigo..

                            Just send in like 20-50 thousand or something like that..

                            "....No Compromise in the Defense of Mother Earth!"

                            by Seattle Socialist on Mon Aug 11, 2014 at 12:06:18 PM PDT

                            [ Parent ]

                          •  prez (0+ / 0-)

                            guess whats on right now.

                            you know dat!

                            fukin Bears baby!
                            pop that up on the TV's prez..

                            "....No Compromise in the Defense of Mother Earth!"

                            by Seattle Socialist on Thu Aug 14, 2014 at 05:33:32 PM PDT

                            [ Parent ]

                          •  we need a new new Black Panther Party, prez (0+ / 0-)

                            so far with the Bears i see a so-so Defense and the O-Line looks stout.

                            that run D don't look so good, but it's still pre-season..

                            "....No Compromise in the Defense of Mother Earth!"

                            by Seattle Socialist on Thu Aug 14, 2014 at 06:24:04 PM PDT

                            [ Parent ]

                          •  we can start calling the police "pigs" again prez (0+ / 0-)
                            Power to the People!
                            This memorandum is not the place to document in detail the tone, character, or intensity of the attack. The following quotations will suffice to give one a general idea:

                            William Kunstler, warmly welcomed on campuses and listed in a recent student poll as the "American lawyer most admired," incites audiences as follows:

                            "You must learn to fight in the streets, to revolt, to shoot guns. We will learn to do all of the things that property owners fear." The New Leftists who heed Kunstler's advice increasingly are beginning to act -- not just against military recruiting offices and manufacturers of munitions, but against a variety of businesses: "Since February, 1970, branches (of Bank of America) have been attacked 39 times, 22 times with explosive devices and 17 times with fire bombs or by arsonists." Although New Leftist spokesmen are succeeding in radicalizing thousands of the young, the greater cause for concern is the hostility of respectable liberals and social reformers. It is the sum total of their views and influence which could indeed fatally weaken or destroy the system.

                            see, this is just the revolution part, OK, the free love part comes later, after we bring down the enterprise system..

                            "....No Compromise in the Defense of Mother Earth!"

                            by Seattle Socialist on Thu Aug 14, 2014 at 06:31:32 PM PDT

                            [ Parent ]

                          •  oh please with this: (0+ / 0-)
                            In unusually blunt remarks, Holder said he was “deeply concerned” about “the deployment of military equipment and vehicles’’ on Ferguson’s streets and that Missouri officials have accepted federal assistance “to conduct crowd control and maintain public safety without relying on unnecessarily extreme displays of force.’’
                            http://www.washingtonpost.com/...

                            County police have been militarized for decades, since before i ever started going to protests in the 90's.

                            The response to the WTO protest was totally a military operation, and that was like 15 years ago.

                            Cops just get away with whatever prez, you know that. The problem is that alot of cops don't like black people, straight up. Its a cultural thing that goes way back from before we were even born yet.

                            "....No Compromise in the Defense of Mother Earth!"

                            by Seattle Socialist on Thu Aug 14, 2014 at 06:54:31 PM PDT

                            [ Parent ]

                          •  look at this prez (0+ / 0-)

                            this here is something Eric Holder can do right now to help the black community right away:

                            New York Politicians Want Federal Investigation Into Chokehold Victim’s Death (Time Magazine, Today..)
                            Six members of New York’s state congress said at a press conference Thursday that they want the Justice Department to conduct a formal investigation into the death of Eric Garner. Garner, 43, died on July 17 after a policeman put him in an apparent chokehold while arresting him for allegedly selling loose, untaxed cigarettes.

                            The medical examiner’s office ruled Garner’s death a homicide. A cellphone video of the incident shows an officer placing his arm around Garner after Garner refused to be handcuffed. Garner can be heard repeatedly saying, “I can’t breathe” in the video. Chokeholds are banned in the New York Police Department, but permitted under state law.

                            The New York congressman say that Garner’s arrest was part of a “broken windows” policing strategy in which officers arrest people for small crimes like drinking in public in order to discourage other criminal behavior. But critics say the tactic disproportionately affects minorities.

                            “The ‘broken windows’ approach is just a cousin to stop-and-frisk,” Rep. Yvette D. Clarke told CBS News New York, referring to the controversial NYPD policy of questioning thousands of pedestrians. “It also appears that the ‘broken windows’ policy has effectively reinstated stop-and-frisk, resulting in racial profiling of black men and men of color.”

                            The New York politicians join the NAACP and the New York Civil Liberties Union in demanding that federal authorities take over the investigation from the State Island district attorney.

                            New York Mayor Bill de Blasio, who was elected on a platform of ending stop-and-frisk, more broadly defended the NYPD, but said that New York would comply fully with a possible Federal investigation into this case. “The NYPD does an extraordinary job of creating a secure environment while also leaving the proper space for people to express themselves within constitutional rights,” de Blasio said. “If the Justice Department decides to get involved, we respect that and will cooperate fully.”

                            "....No Compromise in the Defense of Mother Earth!"

                            by Seattle Socialist on Thu Aug 14, 2014 at 07:08:32 PM PDT

                            [ Parent ]

                          •  I want to tell you one more thing I know about (0+ / 0-)

                            the police prez.

                            They (the police and the CIA) really identify with that Clive Bundy rancher guy.

                            He is the hero of the white police, him and that other crazy Ted Nugent guy, that motherfucker is loony, anyways, the cops really like those guys because they really "tell it like it is" when it comes to the blacks. Ask the cops if they like those guys, they will tell you prez. i aint lying..

                            "....No Compromise in the Defense of Mother Earth!"

                            by Seattle Socialist on Thu Aug 14, 2014 at 07:45:48 PM PDT

                            [ Parent ]

                          •  happy about those mountain people (0+ / 0-)

                            they got saved, kick down some extra food for them and some camping gear prez. give them some sleeping bags and shit. surplus tents and tarps too.

                            "....No Compromise in the Defense of Mother Earth!"

                            by Seattle Socialist on Thu Aug 14, 2014 at 08:03:46 PM PDT

                            [ Parent ]

                          •  prez check this junk out (0+ / 0-)

                            via the USA Today 5 hours ago..

                            Local police involved in 400 killings per year

                            Nearly two times a week in the United States, a white police officer killed a black person during a seven-year period ending in 2012, according to the most recent accounts of justifiable homicide reported to the FBI.

                            On average, there were 96 such incidents among at least 400 police killings each year that were reported to the FBI by local police. The numbers appear to show that the shooting of a black teenager in Ferguson, Mo., last Saturday was not an isolated event in American policing.

                            The reports show that 18% of the blacks killed during those seven years were under age 21, compared to 8.7% of whites. The victim in Ferguson was 18-year-old Michael Brown. Police have yet to identify the officer who shot him; witnesses have said the officer was white.

                            cont..
                            Beyond the work of Justice's Civil Rights Division, which is largely focused on individual agencies, Walker said a national repository of police deadly force cases is needed to define the scope of the problem for the public.

                            "The reason there isn't one is because the information is often embarrassing for police departments,'' Walker said.

                            "People should be able to log into a database and identify where their own department stands on this,'' he said, adding that the information supplied annually to the FBI on police officers who are killed or assaulted in the line of duty is far more detailed.

                            The IACP was part of project launched in 1996 to collect police use-of-force information across the nation. That effort was shutdown in 2001 when federal funding expired.

                            One of the problems is that oftentimes the white police officers do not reside in the area they are policing, so they end up lacking empathy for the local community (especially people of color), and as a result, they often behave like roided-out, right-wing, cracker police dudes that shoot colored people for no reason.

                            "....No Compromise in the Defense of Mother Earth!"

                            by Seattle Socialist on Thu Aug 14, 2014 at 11:22:43 PM PDT

                            [ Parent ]

                          •  hey, check this out its former Seattle Police (0+ / 0-)

                            chiefs talking about Ferguson and the WTO:

                            The violent reaction of police to protesters in Ferguson, Mo., is an example of how not to handle civic unrest — a lesson Seattle learned the hard way during the 1999 World Trade Organization (WTO) riots, according to two former police chiefs.

                            Norm Stamper was chief of police when tens of thousands of protesters in downtown Seattle overwhelmed his riot-gear-clad officers, who responded with tear gas, pepper spray and rubber bullets. A longtime critic of the militarization of police departments, Stamper now says he “violated my own thinking” by allowing officers to quickly resort to force.

                            Police in Ferguson, he said, made the same mistake.

                            “It is something that people in law enforcement should have learned but have not,” said Stamper, 70, from his home in the San Juan Islands, where he now writes and consults.

                            Stamper has long been a critic of what he calls the “vast increase in the militarization” of police — it was the topic of a thesis he wrote in the 1970s, he said.

                            Officers once armed with six-shot revolvers and nightsticks now have access to assault-style weapons and body armor, and dress for battle rather than the beat.

                            Stamper said the use of hard body armor, armored-personnel carriers and officers wearing military-style uniforms and toting military-style firearms and hardware sets them apart from the community they are sworn to protect.

                            “That is one sure way not to win public confidence,” he said. “It is an unfortunate trend.”

                            The wars on drugs and terrorism have prompted the federal government to make military equipment available to police, and manufacturers of military arms and equipment often offer “law-enforcement only” versions of their wares.

                            Stamper says that once police get such equipment, they feel the need to use it.

                            Seattle police have received some military-surplus equipment, including ballistic plates for protective vests, rifle scopes and other equipment.

                            Jim Pugel, who retired in March as the Seattle Police Department’s interim chief and who wrote the critique of the WTO response at the time, said the Ferguson police’s mistake was responding to the first show of unrest with force.

                            “People there are angry, and with good reason,” Pugel said. “The police need to let some venting go on. Some things are going to get broken.

                            “But if you immediately suppress, it will be perceived as an overreaction and that will compound the problem.”

                            Another problem is allowing outside agencies onto the front lines. In Missouri, the St. Louis County Sheriff’s Office responded when the Ferguson department was overwhelmed. Those outside officers, Pugel said, “have no ownership” in the community and little motivation not to resort to force. During WTO, Pugel said, several of the more serious run-ins between protesters and police involved officers from other agencies.

                            Both Stamper and Pugel believe that there is a place for military-style equipment in law enforcement, but that its use should be limited. SWAT teams who deal with armed criminals should have access to the precision weaponry and equipment used by military forces.

                            prez i was fukin 3 feet from the cops that started blasting us with pepper spray for no reason that time. they just started hosing us with big red canisters of the shit right away i remember. they also did not look like Seattle PD, those were County and Feds. They had B52 bombers and helicopters chasing us around and shit, and crazy Mad Max pickup trucks, with turrets and shit,  in the Seattle parks. i was there nig. that shit was like an acid trip in Newark.

                            "....No Compromise in the Defense of Mother Earth!"

                            by Seattle Socialist on Fri Aug 15, 2014 at 10:41:54 AM PDT

                            [ Parent ]

                          •  psychedelic WTO military tear gas (0+ / 0-)

                            that WTO tear gas was laced with some military MKULTRA hallucinogens, i know peoples who had health issues later on from that shit prez.

                            "....No Compromise in the Defense of Mother Earth!"

                            by Seattle Socialist on Fri Aug 15, 2014 at 10:56:42 AM PDT

                            [ Parent ]

                          •  so follow me with this prez (0+ / 0-)

                            it seems what happened to Mike Brown, was that the police were looking for a black suspect in a $100 cigar robbery, and had some video evidence of the crime, OK.

                            After the crime, and armed with this damning video footage, the white police spot a black suspect (just a black suspect at this point, mind you) and proceed to question this black suspect and, in doing so, believe he is the culprit based on this "video evidence", so they try to bring him in, and in doing so, shoot him to death as he runs away (you know: judge, jury, and executioner)

                            So who is in the wrong here prez?

                            Now, America would feel better the white police did this to a Wall Street banker, say, at least 5 times every year. But instead, the black suspect in the cigar robbery joins all of the other black suspects killed by the white police, every day, in America (*note, without car cam video on the police cars, and on the white police themselves. we should put the white police under constant video surveillance)

                            (prez, America even has a name for Wall Street Banker crime: White Collar Crime)

                            "....No Compromise in the Defense of Mother Earth!"

                            by Seattle Socialist on Fri Aug 15, 2014 at 11:29:20 AM PDT

                            [ Parent ]

                          •  how often does this really happen every year (0+ / 0-)

                            in America prez?

                            You know, white police just straight up murdering black suspects?

                            20-50 times a year?

                            When was the last time you heard of a cop going to jail for doing that?

                            So therefore, if you are a white racist, joining the police (or military) is place where you can freely kill colored folks, as far as i can tell. That would make sense, no?

                            Racial tensions exploded in this St. Louis suburb in recent days over the death of 18-year-old Michael Brown, an unarmed African-American teenager shot by a Ferguson police officer, but the city of 21,000 residents has wrestled with the issue for decades.

                            The city's population has shifted from almost exclusively white to one that is predominately African-American, while the city leadership and police force has remained mostly white.

                            Federal data show integration in Ferguson has been difficult to achieve. The black population started to grow from a few hundred residents in 1970, to 52% in 2000. Over the next decade, the balance tipped, with the city reaching about 67% African-American and 29% white in 2010.

                            cont..
                            Later that decade, Rance Thomas co-founded North County Churches Uniting for Racial Harmony and Justice to work on improving race relations here and in neighboring communities. In the past year, he helped to ease rancor over the exit of a superintendent from the Ferguson-Florissant school district in a controversy that broke at times along racial lines.

                            "A major factor is race. We have had a great deal of white flight," Mr. Thomas said. "We've had some success, but that's a difficult issue to deal with."

                            Anger was also stoked in the area when the school district including Normandy High School—the school Mr. Brown attended—was stripped of its state accreditation in 2012.

                            "You could see some of that tension when Normandy lost its accreditation," said Terrance Cauley, 43, who was demonstrating against violence in the community on Tuesday.

                            Also on Wednesday, two journalists were arrested in a McDonald's after police asked them to move out of the restaurant, according to the Washington Post, the employer of one of the journalists. They were briefly detained and then released, the news organizations said.
                            At a community forum hosted by city officials Tuesday, Amy Hunter, a mother of four children, said she has had conversations with her 12-year-old son about how to act when stopped by the police, something she said is a daily concern for black men in greater St. Louis.

                            Thomas Jackson, chief of the Ferguson police, said he is working to recruit more minority officers and that he would redouble his efforts and look for innovative ways to bring more minorities on the force. Currently, only three of the force's 53 officers are African-American, which he says creates a perceived disconnect between residents and the police force.

                            http://online.wsj.com/...

                            "....No Compromise in the Defense of Mother Earth!"

                            by Seattle Socialist on Fri Aug 15, 2014 at 12:11:03 PM PDT

                            [ Parent ]

                          •  well, i guess we can now skip "judge" and "jury" (0+ / 0-)

                            and move into just "executioner" at this point prez:

                            Chief: Officer Didn't Know Brown Was a Suspect

                            The police chief in the St. Louis suburb where an unarmed black teenager was fatally shot by police says the officer didn't know the teen was a robbery suspect at the time of the shooting.

                            Ferguson Police Chief Thomas Jackson earlier Friday released documents alleging 18-year-old Michael Brown had been suspected of stealing a $48.99 box of cigars from a convenience store in a "strong-arm" robbery shortly before he was killed.

                            During an afternoon news conference Jackson said the robbery "was not related to the initial contact" between the officer and Brown on Saturday.

                            He declined to elaborate as to why the officer stopped Brown and his friend, citing the ongoing investigation into the shooting.

                            http://abcnews.go.com/...

                            "....No Compromise in the Defense of Mother Earth!"

                            by Seattle Socialist on Fri Aug 15, 2014 at 12:37:52 PM PDT

                            [ Parent ]

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