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Ellen Brown on how banks rip off municipalities via interest rate swaps
Posted on Author Linda Boyd
Excerpts from Ellen Brown’s WALL STREET CONFIDENCE TRICK: How “Interest Rate Swaps” Are Bankrupting Local Governments: It was a deliberate, manipulated move by the Fed, acting to save the banks from their own folly in precipitating the credit crisis of 2008. The banks got in trouble, and the Federal Reserve and federal government rushed in to bail […]
99% Choir Forecloses on Bank of America!
Posted on Author BillMoyer
A product of Backbone Campaign’s latest creative collaboration with The Other 98%, and our allies at Washington Community Action Network and the Seattle Labor Chorus. For related organizing tools, podcasts, action and training opportunities visit the Backbone Campaign. Our CUOrganizer.org resource page will help those interested in organizing their community to move money out of […]
Gregoire and Ross Hunter on the state budget, with a suggestion
Posted on Author admin
Outgoing Governor Gregoire has proposed two budgets, as described in the video Inside Olympia by TVW. By law the governor is required to submit a balanced budget. The first budget, an all cuts “Book One Budget,” raises no revenue but makes significant cuts to state programs, namely to: Gregoire’s second budget raises revenue from an […]