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Elizabeth Warren Says Bernie Sanders Is On The Right Path
Elizabeth Warren may be joining Bernie Sanders on his campaign soon. Warren, a Senator famous for her hard-nosed approach to taking on wall street corruption, has said that she likes what Bernie Sanders is saying. “Bernie is out talking about the issues that the American people want to hear about,” said Warren to the Boston Herald....

Elizabeth Warren may be joining Bernie Sanders on his campaign soon. Warren, a Senator famous for her hard-nosed approach to taking on wall street corruption, has said that she likes what Bernie Sanders is saying.

“Bernie is out talking about the issues that the American people want to hear about,” said Warren to the Boston Herald. “These are people who care about these issues, and that’s who Bernie’s reaching.”

“I love what Bernie is talking about,” said Warren. “I think all the presidential candidates should be out talking about the big issues.”

At this point, Warren hasn’t endorsed anyone in the presidential race for 2016, but when asked about joining Bernie Sanders, she would not rule out the possibility.

“Too early to say,” Warren said.

Warren also had strong words against Republican presidential candidates for playing politics with the well being of Americans.

“These guys have figured out – it’s a political game,” Warren said. “And so, they want to continue to use the Affordable Care Act – health insurance for fellow citizens – as a punching bag to try to excite their base. … I think this is going to continue to be a fight. And if they want to fight, then we better be ready to fight.”

Elizabeth Warren To Take On The Fed After 46 Hours Of Secret Recordings Prove Corruption

Elizabeth Warren To Take On The Fed After 46 Hours Of Secret Recordings Prove Corruption

Image via flickr.com/mdfriendofhillary

Forty-six hours of secretly recordedconversations and meetings within the Federal Reserve were released Friday. These recordings blatantly demonstrate that big banks are still in charge. Federal Reserve Bank Examiners continue to play the role of passive little lap dogs seeking approval from their masters. They fear offending Daddy Warbucks and his army of…

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One European Country Says F.U. To Banksters And Is Forgiving The Debt Of Its Poorest

One European Country Says F.U. To Banksters And Is Forgiving The Debt Of Its Poorest

While America is still in the midst of demonizing its poor, who apparently don’t work hard enough at their multiple jobs to collect the food stamps needed to feed children, Croatia has taken the opposite stance. It’s forgiving the debts of 60,000 of the nation’s poorest.

Image of Croatian Prime Minister Zoran Milanovic courtesy of Wikimedia

Not everyone will qualify for the program, which is set…

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U.S. attorney general says banks may face criminal cases soon | Reuters

The U.S. Justice Department is pursuing criminal investigations of financial institutions that could result in action in the coming weeks and months, U.S. Attorney General Eric Holder said in a video, adding that no company was “too big to jail.”

The comments, made in a video posted on the Justice Department’s website on Monday, came as federal prosecutors push two banks, BNP Paribas SA and Credit Suisse AG , to plead guilty to criminal charges to resolve investigations into sanctions and tax violations, respectively, according to people familiar with the probes.

While Holder did not name any banks, he said he is personally monitoring the ongoing investigations into financial institutions and is “resolved to seeing them through.”

“I intend to reaffirm the principle that no individual or entity that does harm to our economy is ever above the law,” Holder said in the video. “There is no such thing as ‘too big to jail.’”

French bank BNP Paribas warned last week it faces fines from U.S. authorities in excess of $1.1 billion over allegations that it violated U.S. sanctions against Iran and other countries.

The Swiss finance minister met Holder on Friday to discuss a U.S. probe into Swiss banks that allegedly helped Americans evade U.S. taxes, which includes Credit Suisse.

While units of financial institutions have agreed to plead guilty to breaking U.S. criminal laws, such agreements have usually involved foreign subsidiaries who have little contact with U.S. regulators.

Japanese units of UBS AG and Royal Bank of Scotland plc, for example, pleaded guilty in the past two years to resolve criminal charges that their traders manipulated the Libor benchmark interest rate.

A criminal conviction of an entity regulated in the United States could lead authorities to potentially revoke a charter or undertake other punitive measures.

(Read Full Text) (Photo Credit: Occupy Wall St.)

It is time to break up the largest financial institutions in the country. Wall Street cannot continue to be an island unto itself, gambling trillions in risky financial instruments while expecting the public to bail it out. If a bank is too big to fail it is too big to exist. We need a banking system which is part of the job creating productive economy, not a handful of huge banks on Wall Street which engage in reckless and illegal activities.