Weekend Art: Art of the Economic Collapse: Prophet of Doom vs. Triumph Over the Banking Blues — by NormanB (“Deviations from the Norm”)

The bank swap investigation story just took an interesting turn for Michael Bennet and his protege Tom Boasberg. School Board members have repeatedly asked for an audit of the Bank Swap between Denver Public Schools and JP Morgan.
Tom Boasberg and the Bennet campaign have attack these board members as asking for an audit due to political motivations caused by the Primary.
Thanks to an email record provided by a School Board member,
this can be proven to be factually wrong.
The evidence points to a concerted effort to cover up details about the swap that was reported in last Friday’s New York Times investigation .
The New York Times discovered that
Denver Public Schools has lost 25 million dollars from Michael Bennet’s investment swap and will have to pay 81 million in termination fees to get out of the swap.

White house released a video on the financial reform act, I couldn’t find a good analysis of the act. I’m begging for info here.

Amy Domini argues that diversification into assets that produce no goods or services to humankind undermines capitalism at the OECD “Road to Recovery” conference in Paris.

Round and round it goes. Where it stops nobody knows. A comprehensive annual audit of the federal reserve system does not seem likely this legislative cycle

My firm distributed the following action alert today (If you can’t see images or links, please view this message on our website. Help Save Community Banks and Credit Unions Dear Friend of Domini: Some of the country’s major commercial banks, including those that helped cause the worldwide financial crisis, have been bailed out by the [...]

Same shit, different day.

Based upon the teachings of Professor Lester G. Telser of the University of Chicago, Goldman Sachs was doing nothing different than the fraud perpetuated by Producer Max Bialystock and Accountant Leo Bloom when they conspired to produce a Broadway flop in Mel Brooks’ The Producers!

As the Senate takes up debate over new financial regulatory rules, Wall Street and the big banks are mobilizing to confuse the public and leverage their power on Capitol Hill.

Today as I finished watching this video and hearing Nobel Laureate Muhammad Yunus for the first time, I wanted to describe his message as “messianic…”