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Look Who's REALLY Footing The Bill In The $25 Billion Mortgage Settlement With The Mega-Bank

he surprising tale that I will attempt to pen in this blog entry has a very familiar cast of characters; the Obama Administration, the Housing Bubble, “Toxic Mortgages”, and Too Big To Fail “TBTF” Banks among others.

A dozen bankers are destroying civilization- and governments don't care

The Katrina debacle was a warm-up act. So was the mortgage fraud with its 30 million foreclosures and resultant homelessness. So is the lifetime indebtedness of young people seeking a college degree. What is ahead is more of the above, multiplied by a million. What US banks did to third world countries for decades they are now doing to the people of western industrialized nations - including our own. Just as bankers lured millions into home loans they could not afford with malice aforethought, those same bankers lured nations into loans they could not afford. That is what they do and always have done.

How Wall Street Was Able to Profit from Trashing America's Mainstreet Economy

What follows here is a synopsis, simplification, and to some extent an interpretation of a recent Truthout interview with author Thomas Frank, who a few years back wrote the seminal book, What's the Matter With Kansas?, which is about why so many middle-class Americans vote against their economic interests.

Obama Calls for an End to Subsidies for Oil and Gas Companies -

With his re-election fate increasingly tied to the price Americans are paying at the gas pump, President Obama asked Congress on Thursday to end $4 billion in subsidies for oil and gas companies and vowed to tackle the country’s long-term energy issues while shunning “phony election-year promises about lower gas prices.”