Your Daily Dose of BuzzFlash at Truthout, via my pal Mark Karlin:
As Sen. Bernie Sanders (I-Vermont) charges in a news release issued from his Senate office:
The 10 largest banks in the United States are bigger now than before a taxpayer bailout following the 2008 financial crisis when the Federal Reserve propped up financial institutions with $16 trillion in near zero-interest loans and Congress approved a $700 billion rescue for banks that some considered “too big to fail.” Attorney General Eric H. Holder Jr. now says the Justice Department may not pursue criminal cases against big banks because filing charges could “have a negative impact on the national economy, perhaps even the world economy.”
“We have a situation now where Wall Street banks are not only too big to fail, they are too big to jail,” Sanders said. “That is unacceptable and that has got to change because America is based on a system of law and justice.”
As a result of this Obama administration economic injustice and the threat that letting the same rip-off artists who caused the American economy to collapse continue to run even bigger banks and financial entities, Sanders and his staff penned a bill. It’s a short piece of legislation that gets right to the point in Section 3:
Notwithstanding any other provision of law, beginning 1 year after the date of enactment of this Act, the Secretary of the Treasury shall break up entities include on the Too Big To Fail List, so that their failure would no longer cause a catastrophic effect on the United States or global economy without a taxpayer bailout.
If you want your dose of restoring economic accountability and justice to America, watch the Sanders/Sherman news conference on the law that would break up the too big to fail banks, [in the video above].
Please read the entire post here.
Here are the final vote results for a bill that would have increased the minimum wage and helped a whole lot of people who could use a few more dollars in their wallets. Democrats tried to bring the national minimum wage of $7.25 up to $10.10 by 2015 via an amendment to a jobs training program bill.
That didn’t work out very well.
Then again, neither did this income equality:
House Republicans voted down the minimum wage proposal unanimously, so feel free to thank them. But some of that gratitude should be extended to the six Democrats who joined them. Here are their names:
Oh lookey, one of my very own Indiana reps thought up this bullshit. Funny that they think a man who makes more on residuals on his book in a week than they make in a month would be a-sceered of their tail chasing. Someone should alert these asshats constituents on the crud they’re passing in congress as opposed to JOBS BILLS that really matter.
House Republicans introduced legislation on Tuesday that would withhold President Obama’s salary any time he’s late submitting a budget proposal to Congress.
The bill from Rep. Larry Bucshon (R-Ind.) is similar to the No Budget, No Pay Act that was signed into law earlier this year by Obama. That law requires the salaries of House or Senate members to be held in escrow if their respective chamber fails to pass a budget by April 15.
Under Buschon’s bill, the president’s pay would also be put into escrow if he is late proposing a budget to Congress by the statutory deadline, which is the first Monday in February.
GAK. Brain bleach, STAT. Via Taegan.
“Slow down. Slow down. How about a little foreplay?”
— House Speaker John Boehner, quoted by ABC News, joking that with bipartisan conversations on immigration reform taking place it’s too early to talk about specific legislation.
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Lt. Col Barry Wingard is the lawyer for Gitmo detainee Fayiz Al-Kandari. For their ongoing story + related topics, please click on the link below:
Kuwaiti Citizen Detained at Guantanamo since 2002
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