Tag: Politics

They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety. ~ Benjamin Franklin

The US has killed the 16 year old son of Anwar Al-Awlaki who was killed in last month in an unmanned drone attack ordered by President Obama. The teenager had run away from home to find his father. On Friday, Abdulrahman al-Awlaki was killed in unmanned drone attack in southeastern Yemen. The Al-Awlaki family is speaking out about the killings.

“To kill a teenager is just unbelievable, really, and they claim that he is an al-Qaeda militant. It’s nonsense,” said Nasser al-Awlaki, a former Yemeni agriculture minister who was Anwar al-Awlaki’s father and the boy’s grandfather, speaking in a phone interview from Sanaa on Monday. “They want to justify his killing, that’s all.”

Former Justice Department attorney and whistleblower, Jesselyn Radack discusses how the US has gone further down a very slippery slope into “Wonderland”:

In a still secret–yet described in detail in the New York Times–memo, the Justice Department justified assassinating American citizen al-Awlaki despite the myriad laws and the Constitution such a killing would violate. As New York Times journalist Charlie Savage pointed out, there exists

   an executive order banning assassinations, a federal law [that prohibits Americans from murdering other Americans abroad], protections in the Bill of Rights [the Fourth Amendment’s guarantee that a “person” cannot be seized by the government unreasonably, and the Fifth Amendment’s guarantee that the government may not deprive a person of life “without due process of law”], and various strictures of the international laws of war . . .

The Justice Department has refused to release the secret memo despite calls from major media outlets and a FOIA request from my organization (the Government Accountability Project), but has assured us that the justification for killing an American was for al-Awlaki only, and did not set a precedent.  But now we are sliding down the slippery slope.  The U.S. killed American Samir Khan–the publisher of the controversial magazine Inspire (clearly First Amendment activity) along with al-Awlaki and now, the young Awlaki was the third American killed in Yemen in as many weeks.

[]

But now we have taken to killing American teenagers without due process, an action the U.S. Supreme Court could not take even if al-Awlaki’s son had a full criminal trial. The Supreme Court held in Roper v. Simmons that even after a suspect receives due process in court–something al-Awlaki and his son were secretly and summarily denied–using the death penalty on juveniles is cruel and unusual punishment that violates the Constitution.

Speaking of the Supreme Court, the Court weighed in on the rights of American citizens labeled “belligerents” and has held that they must receive some measure of due process. In Hamdi v. Rumsfeld, Justice Sandra Day O-Connor eloquently explained:

   . . . a state of war is not a blank check for the President when it comes to the rights of the Nation’s citizens . . .

Many of us on the left and on the blogs were vociferously and adamantly opposed to the Bush regimes use of torture and we were truly dismayed when then House Speaker Nancy Pelosi took impeachment of both Bush and Cheney off the table. We were again disheartened when President Obama decided not to even investigate the criminality of Bush cabal. Now, one would think that there would be an outcry from the so called progressives on targeting American citizens for assassination and the use of unmanned drones which may well be a war crime but apparently not on the web site where Ms. Radack published her article. Those who were the loudest opposition to the Bush crimes and torture were out in force in comments with some of the most right wing rational for supporting Obama’s criminality:

the son was collateral damage. Get the father into a court room, and the son gets to live. Then when daddy Awlaki is locked up in a federal prison, sonny Awlaki can become a terrorist leader on his own. Then various people here can cluck over him when he finds his way into US military crosshairs for his own evil deeds. Perhaps by that time he’ll have had some little Awlakis of his own, who we can cluck over even more.  See, this can keep going for a long darn time.

Generations in fact.

This was addressed directly to Ms. Radack:

Because if there’s any right that’s sacred.. in the minds of most Americans, it’s the right to travel the back roads of Yemen as part of an organization proudly devoted to the destruction of the United States and the mass killing of its people.  After all, I’m pretty sure that’s all just idle bluster.

This is where I try to set aside my own views and offer what I think is some strategically sound advice to you, and you can take it as you will.  Why not focus on torture, rendition, and other stuff where you enjoy some greater chance of success, and then leverage that success into this toughest of nuts?

This comment was made by an African American lawyer

I’ll save my tears for things worth crying about. Some 16 year old kid winning a Darwin Award doesn’t cut it.

These are just a few of the degenerate, despicable comments that praised these killings and defended Obama. There were many responses that were horrified by such rhetoric. It makes one wonder just how far Obama cult of followers will sink before they realize their hero is not just very flawed but as evil as the last president if not worse.

The latest proposal to come from of the State Attorney Generals investigating mortgage and foreclosure fraud is just a another band-aid on a hemorrhage that lets the banks off and does nothing to help homeowners who are underwater on their mortgage or behind in their payments. It appears that this is just a ploy to bring the California Attorney General “back into the fold.” Diana Olick, CNBC Real Estate Reporter, has tis analysis:

As first reported by the Wall Street Journal, the AG’s are proposing a refinance plan for underwater borrowers, trying to get banks to bring down interest rates on mortgages for those who owe far more than their homes are presently worth; that’s around 10.9 million borrowers, according to CoreLogic, but sources say it wouldn’t be all of them. It would, “target a finite number of borrowers who are current on their mortgages,” according to my source.

My source then went on to explain that this is a plan previously pushed by the California state attorney general, who has dropped out of the negotiations over issues surrounding banks’ release from future liability (the California AG did not comment in the WSJ article but claimed they had not seen said proposal). New York and Massachusetts have done the same. Apparently this could, “bring California back to the table,” says my source, because the California AG finds it, “intriguing.”

Ms. Olick also points out that this is the same plan that the Obama administration has proposed for Fannie Mae and Freddie Mac. The plan will only affect about 20% of homeowners with bank mortgages. While it would give some, who can afford the loans, a little extra cash, it doesn’t “change the fact that these folks still have no hope of seeing their home equity again any time soon, and it doesn’t address the greater ills of today’s housing market that are keeping true recovery at bay.”

David Dayen at FDL expounds further:

But wait! This is supposed to be a penalty on the banks. Is it a penalty on the banks when an eligible borrower with a bank-owned loan refinances? No, that’s just an option that the borrower has. Extending that option is supposed to be a penalty for committing systemic fraud on state courts? I don’t necessarily mind the Fannie/Freddie plan as a source of potential stimulus. I don’t consider it a penalty. And when you’re talking about 20% of the market, tops (and not all of those loans are underwater, so this is smaller), the benefits are miniscule (sic).

They’re just grabbing at straws to try and get a flawed settlement across the line that the remaining AGs can hold a press conference about. And economic stimulus, not accountability, is the main goal. Keep in mind that anything that leads to a round of sped-up foreclosures will not aid the housing market. It will bring prices down, just as a function of supply and demand. This will bring borrowers more underwater. So the idea that there’s a tension between the rule of law and helping people presumes that the only thing standing between America and a recovery is Kamala Harris and Eric Schneiderman. That’s just not true. There are tools at the disposal of the relevant regulators right now to foster recoery (sic), they’re just not choosing to do it.

Delaware Attorney General Beau Biden spoke with MSNBC’s Dylan Ratigan about fight to investigate the banks.

The biggest problem that is the gorilla in the room is chain of title. In a detailed article that is well worth the read, Yves Smith at naked capitalism:

And as we anticipated, the inducement that had led the Miller camp to hope it might clinch a deal is a juicy release. From Reuters:

   Originally, the states were only considering immunity for shortcuts taken during mortgage servicing and foreclosures, including the so-called “robo-signing” of documents to evict people behind on their mortgages.

   In recent days, the state attorneys general agreed to release major banks from claims that they made legal errors when first originating the loans, such as approving loans for borrowers without verifying any income, according to two people familiar with the talks.

   In exchange, banks would agree to refinance mortgages for borrowers who are current on their payments but owe more than their homes are currently worth, the sources said.

This is very troubling. Investors should be up in arms. Any release the banks get here is worth multiples of what the banks will pay for this (note that because investors are conservative creatures and have ongoing relationships with banks, having attorneys general pave the way is particularly important for them).

The failure to verify income is the tip of the iceberg of origination abuses. The most serious is chain of title, where the banks promised to investors to take a series of steps to convey the mortgages properly to the securitization trusts within a stipulated time frame. For reasons we’ve explained in gory detail in earlier posts, retroactive fixes or waivers simply won’t work. That is why the banks have resorted to widespread forgeries and document fabrication.

“Punting the Pundits” is an Open Thread. It is a selection of editorials and opinions from around the news medium and the internet blogs. The intent is to provide a forum for your reactions and opinions, not just to the opinions presented, but to what ever you find important.

Thanks to ek hornbeck, click on the link and you can access all the past “Punting the Pundits”.

Wednesday is Ladies’ Day.

Katrina vanden Heuvel: The Silence of the Elites

Nero’s fiddling while Rome burned may be nothing compared to the folly of Washington and Wall Street’s inaction while the world economy teeters on the verge of global depression. No wonder the Occupy Wall Street demonstrators have spread across the world. By raising a din, they might wake folks up.

Last week, yet another filibuster by Republican senators blocked even a debate on President Obama’s jobs bill, which is already modest in the extreme. More than half of the bill would simply avoid making things worse – extending the payroll tax cut and unemployment insurance, and trying to limit layoffs of teachers and police officers next year. Without the extensions, the cuts in government spending and hikes in taxes would reduce an estimated 2 percent of GDP from growth next year – at a time when the economy is already near a standstill.

Daphne Eviatar: Underwear Bomber’s Plea Underscores Law Enforcement’s Key Role Fighting Terrorism

In the days after the so-called “underwear bomber” tried to take down a plane over Detroit on Christmas 2009, critics of the Obama adminstration were all over the national news decrying the decision to read the would-be bomber his Miranda rights and try him in a U.S. federal court.

When Umar Farouk Abdulmutallab pleaded guilty last week to the attempted murder of 289 passengers on Northwest Airlines Flight 253 over Detroit, those critics were noticeably silent.

That’s likely because the guilty plea, coming just one day after the start of his trial, underscores the point many of us have been making for years now: U.S. federal courts are the most effective place to try terrorism suspects.

Late Monday night police entered the park to take down the medical tent which is the only tent in the park despite Mayor Bloomberg’s characterization of Liberty Park as a tent city. The Rev. Jesse Jackson was present and participating in the park when the police arrived. Kevin Gosztola at FDL has the account of what happened:

Just before midnight, NYPD officers moved in on the southwest corner of Liberty Park, the site of Occupy Wall Street for the past month, to take down and confiscate a medical tent that had been erected during the day. A commotion immediately erupted in this section of the park. Occupiers rushed over and a human chain around the tent was formed. And, Rev. Jesse Jackson suddenly appeared to help the occupiers defend the medical tent from being forcibly removed.

Rev. Jackson told the occupiers, “I am not visiting, I’m participating.” When asked to link arms and help the occupiers defend the tent, he linked arms with them. They stood their ground and were able to convince the NYPD to back down.

Rev. Jackson was a guest on Countdown with Keith Olbermann

Marine Sgt. Shamar Thomas who stood up to 30 cops shaming their actions and those of their colleagues appeared for an extended inter view with Keith Olbermann.

As hundreds of “Occupy Wall Street” protesters marched to the Manhattan District Attorney’s office to demand prosecution of alleged police brutality in the handling of protest crowds over the past month, sources said a police officer who was seen on video using pepper spray on a protester last month violated city guidelines.

Deputy Inspector Anthony Bologna, seen above, was seen using pepper spray on a crowd during a demonstration on September 24.

According to sources, an NYPD investigation has found that Bologna violated the department’s rules on pepper spray use, and he will lose 10 paid vacation days.

Bologna can challenge the ruling, according to sources, and can have an administrative trial.

Protesters Storm Governor’s Award Ceremony

Meanwhile, after 6 p.m. other protesters began to swarm a West Village event where former Governor Mario Cuomo was scheduled to a present a “Changer of the Year Award” from the online news site The Huffington Post to his son, Governor Andrew Cuomo.

The protesters called Andrew Cuomo “Governor 1 Percent” and objected to how the governor has not extended the so-called “millionaires’ tax,” allowing for the state’s wealthiest residents to pay fewer taxes starting next year.

Demonstrators wanted the governor to speak directly to them, but it is still unknown if he will address the protesters. Their numbers at the Hudson Street event have also decreased.

Protesters are also rallying against Sotheby’s auction house over a union dispute, and the group plans on holding a vigil at Lincoln Center.

The Granny Peace Brigade is also protesting the the Koch brothers’ involvement in the center and their funding of several Republican issues.

The lack of integrity in the banking industry and Wall St. is as much of a problem for the left as it is for the right. The Obama administration is as much of the problem as were both Bush presidents, Clinton And Reagan.

Author David Degraw and Prof. William Black talk about politicians supporting the OWS movement for their own political gain as opposed to those who truly believe in the protests.

If you aren’t familiar with Professor Black, he is currently an Associate Professor of Economics and Law at the University of Missouri-Kansas City in the Department of Economics and the School of Law. He was a central figure in exposing Congressional corruption during the Savings and Loan Crisis. He is brought the Keating Five to national attention when he published the congressional notes he took during those hearings. Black authored the book The Best Way to Rob a Bank is to Own One: How Corporate Executives and Politicians Looted the S&L Industry which explains concept of “control fraud”, in which a business or national executive uses the entity he or she controls as a “weapon” to commit fraud.

David Degraw is an independent investigative journalist and author who writes for the web site Ampedstatus. He has been participating in the Occupy Wall Street protests in Liberty Park since day one and is part of the working group that helps coordinate the activity.

Besides prosecuting the banks for fraud, Robert Kuttner of the American Prospect makes a good argument for bringing back the Glass-Stiegel Act which was repealed under Clinton. Kuttner says that it would simplify banking regulation and counter the argument that there is too much regulation:

[]. It would have been far better policy to return to the simple bright line of the Glass-Steagall Act.

If you want to be a commercial bank, with federal deposit insurance, access to Federal Reserve advances, and a Good Housekeeping seal from regulators, great. You will have to follow closely policed rules. Alternatively, if you want to trade and speculate with your own money, go to it. But don’t grow so big that you can bring down the whole system, stay out of the commercial lending business, and don’t expect the government to bail out your bad bets.

That system worked very nicely. It was almost impossible to evade, and it didn’t require 298-page regulations, with legions of regulators to police the creative evasions and gray areas.

The discussion of prosecuting fraud, making the banks responsible for it, not the victims and finding easier solutions to regulating the industry is what the Occupy Wall Street movement should be sparking for the politicians, all of them.

“Punting the Pundits” is an Open Thread. It is a selection of editorials and opinions from around the news medium and the internet blogs. The intent is to provide a forum for your reactions and opinions, not just to the opinions presented, but to what ever you find important.

Thanks to ek hornbeck, click on the link and you can access all the past “Punting the Pundits”.

Robert Reich: The Meagerness of the GOP Debates, the Smallness of the President’s Solutions, and the Need for a Progressive Alternative

Republicans are debating again Tuesday night. And once again, Americans will hear the standard regressive litany: government is bad, Medicare and Medicaid should be cut, “Obamacare” is killing the economy, undocumented immigrants are taking our jobs, the military should get more money, taxes should be lowered on corporations and the rich, and regulations should be gutted. []

Americans are listening more intently this time around because they’re hurting and they want answers. But the answers they’re getting from Republican candidates — tripping over themselves trying to appeal to hard-core regressives — are the wrong ones.

The correct ones aren’t being aired.

Robert Kuttner: Simplify Banks and Bank Regulation

In January 2010, after Scott Brown’s upset victory in the special Massachusetts Senate election, a panicky President Obama managed to sound like a populist for a couple of days. He called for a tax on banking profits and drafted Paul Volcker to appear at a quickie press conference so that the administration could call for something dubbed “The Volcker Rule.”

Volcker, an impeccably conservative former Fed Chair skeptical about the abuses of financial de-regulation, was one of the few elder statesmen in 2010 with any credibility. Though Volcker was an early supporter of Obama and adviser to the campaign, Treasury Secretary Tim Geithner and economic adviser Larry Summers managed to marginalize Volcker because the old man turned out to be leery of their schemes to prop up the big banks without cleaning them out. Even worse, Volcker was nostalgic about the 1933 Glass-Steagall Act, which had staved off big trouble for more than half a century by requiring that federally insured commercial banks stay out of the inherently speculative investment banking business.

There is no danger that the protesters who have occupied squares, parks and plazas across the nation in defiance of the corporate state will be co-opted by the Democratic Party or groups like MoveOn. The faux liberal reformers, whose abject failure to stand up for the rights of the poor and the working class, have signed on to this movement because they fear becoming irrelevant. Union leaders, who pull down salaries five times that of the rank and file as they bargain away rights and benefits, know the foundations are shaking. So do Democratic politicians from Barack Obama to Nancy Pelosi. So do the array of “liberal” groups and institutions, including the press, that have worked to funnel discontented voters back into the swamp of electoral politics and mocked those who called for profound structural reform.

Resistance, real resistance, to the corporate state was displayed when a couple of thousand protesters, clutching mops and brooms, early Friday morning forced the owners of Zuccotti Park and the New York City police to back down from a proposed attempt to expel them in order to “clean” the premises. These protesters in that one glorious moment did what the traditional “liberal” establishment has steadily refused to do-fight back. And it was deeply moving to watch the corporate rats scamper back to their holes on Wall Street. It lent a whole new meaning to the phrase “too big to fail.”

[]

What took place early Friday morning in Zuccotti Park was the first salvo in a long struggle for justice. It signaled a step backward by the corporate state in the face of popular pressure. And it was carried out by ordinary men and women who sleep at night on concrete, get soaked in rainstorms, eat donated food and have nothing as weapons but their dignity, resilience and courage. It is they, and they alone, who hold out the possibility of salvation. And if we join them we might have a chance.

Pulitzer Prize winner Chris Hedges column appears Mondays on Truthdig.

United States Marine Corps. Sgt. Shamar Thomas from Roosevelt, NY went toe to toe with the New York Police Department. An activist in the Occupy Wall Street movement, Thomas voiced his opinions of the NYPD police brutality that had and has been plaguing the #OWS movement.

Thomas is a 24-year-old Marine Veteran (2 tours in Iraq), he currently plays amateur football and is in college.

Thomas comes from a long line of people who sacrifice for their country: Mother, Army Veteran (Iraq), Step father, Army, active duty (Afghanistan), Grand father, Air Force veteran (Vietnam), Great Grand Father Navy veteran (World War II).

Thank you, SGT. Thomas, for your service in defense of this country and most of all your voice in support of the Constitutional right to peaceful assembly.

Wall Street has been occupied by protestors for a month now, and the movement is showing no signs of slowing. And New Yorkers are apparently just fine with that.

A Quinnipiac poll released on Monday found that residents of the financial capital of the world are unfazed by the presence of the protestors, who have been mostly in the financial district’s Zuccotti Park but also made their way to Times Square on Saturday night, and that two thirds of New Yorkers agree with the views of Occupy Wall Street.

Oct. 17 (Bloomberg) — Hundreds of Occupy Wall Street protesters arrested for demonstrating Oct. 1 on the Brooklyn Bridge may demand trials if charges against them aren’t dropped and some demonstrators are seeking the arrest of police officers, a month into the New York protest against economic inequality.

Manhattan District Attorney Cyrus Vance Jr.’s office is considering a request to drop charges, National Lawyers Guild attorney Martin Stolar said today outside the DA’s office after a meeting. Stolar said he hopes for a response in a few days.

“We are prepared to try every single case,” said Stolar, whose organization has offered to represent the protesters. ‘For any clients who want to take the option of, ‘I’m innocent — I’m not pleading guilty,’ we’re prepared to provide them with pro bono counsel to exercise their right to go to trial.”

If the cases all are tried, they will tie up resources of New York’s courts, Stolar said. He said 765 people were arrested at the bridge. The DA’s office said it was 267 and all but 17 got desk appearance tickets.

ALBANY, N.Y. – The push for a higher tax on New Yorkers making more than $1 million a year is getting fresh life with a new poll showing overwhelming support, a high-profile rally on Monday and the strengthening Occupy Wall Street protest in New York City.

The Siena College poll found 72% of New York voters support the tax to avoid further budget cuts. Just 26% oppose the proposal by powerful Assembly Speaker Sheldon Silver.

Also Monday, the union-backed “99 New York” rally supported extending the current so-called “millionaire’s tax” on New Yorkers with incomes over $200,000. It’s due to expire Dec. 31.

Standing in the way of renewing the current surcharge on the wealthy and Silver’s millionaire tax plan are Democratic Gov. Andrew Cuomo and his fiscal ally, the Republican majority of the Senate.

Cuomo says taxing wealthier New Yorkers at higher levels would likely send the rich to Connecticut and New Jersey, taking their income tax revenue and jobs with them.

The argument against continuing the millionaire’s tax by Cuomo and Mayor Michael Bloomberg has no basis in reality. Except for the Republican Golisano and a Trump’s unsubstantiated claims about his friends, no evidence has been given that while the tax has been in effect that millionaires and jobs have left New York State.

Deputy inspector Johnny Cardona faces inquiry over alleged assault amid questions over NYPD’s policing of protests

A second senior New York police officer is being formally investigated over allegations that he assaulted an Occupy Wall Street protester, raising fresh questions over the NYPD’s deployment of supervisors on the front line in volatile public order situations.

The officer, who has been named in news reports as deputy inspector Johnny Cardona, was filmed on Friday grabbing the protester from behind, spinning him round and appearing to punch him in the face so hard that he fell to the ground.

The New York Civilian Complaint Review Board, an independent mayoral agency that deals with allegations of excessive or unnecessary force against police, is now investigating the incident, along with a number of other complaints over policing of the protests.

This is the second inquiry the board has launched in the last month into an alleged assault by a senior NYPD officer on Occupy Wall Street protesters. It is also investigating the use of pepper spray on peaceful female protesters by another deputy inspector, Anthony Bologna, who is also the subject of an internal NYPD inquiry.

“Punting the Pundits” is an Open Thread. It is a selection of editorials and opinions from around the news medium and the internet blogs. The intent is to provide a forum for your reactions and opinions, not just to the opinions presented, but to what ever you find important.

Thanks to ek hornbeck, click on the link and you can access all the past “Punting the Pundits”.

Paul Krugman: Losing Their Immunity

As the Occupy Wall Street movement continues to grow, the response from the movement’s targets has gradually changed: contemptuous dismissal has been replaced by whining. (A reader of my blog suggests that we start calling our ruling class the “kvetchocracy.”) The modern lords of finance look at the protesters and ask, Don’t they understand what we’ve done for the U.S. economy?

The answer is: yes, many of the protesters do understand what Wall Street and more generally the nation’s economic elite have done for us. And that’s why they’re protesting.

New York Times Editorial: Elizabeth Warren’s Appeal

For a few years now, politicians straining against all of the antigovernment demagogy have been searching for a way to energize public interest and remind voters of the essential government services and protections they rely on and all too often take for granted.

President Obama has struggled to find that language, only recently beginning to draw a clear contrast between his goal to revive the economy and put Americans back to work and the stagnation that is the inevitable result of the Republicans’ antitax, antispending policies.

While most other Democrats are afraid to talk about the need for higher taxes and are running away from the problem, Elizabeth Warren, the leading Democratic candidate for a Senate seat in Massachusetts, has engaged the fight and is beginning to rally supporters.