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Predator Banks Enter Brave New World of Epic Scams and Public Hasn’t Got a Clue

Excerpt from article on AlterNet by By Lynn Stuart Parramore, February 13, 2014  |

“Wall Street is using loopholes in financial legislation to seize control of entire industrial chains.

“Wall Street watchers have been concerned for some time about the monopolizing trend among big banks. One of the most alarming developments in recent years is a buying spree in which megabanks have been gobbling up physical assets.

“Matt Taibbi of Rolling Stone has delved into this story in his characteristically colorful way, shining a light on how this particular activity took off, namely through an overlooked provision in the Gramm-Leach-Bliley Act, also known as the Financial Services Modernization Act of 1999. This arcane-sounding piece of Clinton-era legislation ranks high on the list of Very Bad Ideas coming out of Washington since the 1980s. It essentially overturned Depression-era regulations that had kept the banking sector under control and opened the door for commercial banks, investment banks and insurance companies to merge their businesses.”

To read entire article, click on “AlterNet” above.

{ 1 comment… add one }
  • Pete February 21, 2014, 11:20 AM

    davekelly59 to rogerpetepeterson

    My money is on the total extinction of humanity, Null Set,0. Care to wager?

    rogerpetepeterson to davekelly59

    If it happens, it happens, Dave. But, in the meantime, what are we going to do? To despair, is to give up, isn’t it? Where’s the challenge in that? Every challenge provides us with an opportunity to grow so why not make the most of it? Who knows what we can do when we put our heads together, when we look for what’s best in ourselves and express it in outer reality?

    The other day, just because I could, I put together some ideas about money, banking and government. I focused on what makes the most sense to me, given what I know, which is not much. Haven’t got much feedback from it yet but if you want to read it, click on: Questions for Banking and Government.
    What do we know that we don’t know we know? What can we do that we don’t know we can do? How will we know these things unless we believe in ourselves and try to understand more about who we are and what reality is? At the deepest levels of consciousness, there is no right or wrong, good or bad; there just IS! There is what we like, and what we don’t like, what works for us, and what doesn’t, what makes us happy and what doesn’t. Like infants, we’re free to live and learn. It’s during that period of innocence, before we learn to talk, that we learn the most. Why can’t we spend our lives living and learning, growing and evolving, looking for what’s best in ourselves so we can share it with the world? Why can’t we choose to live by value fulfillment and practice idealism, or determine the qualities of life and being we value most, our ideals, and actualize them to the best of our ability? Our power lies in concentrating on what we want, and letting go of what we don’t want.

    davekelly59 to rogerpetepeterson

    So we won’t put any money on it, we may not be there to collect anyway. We’ll call it a gentleman’s bet. I’m sticking with Null Set ,0, how about you, you want odds, Roger? We can settle in the hereafter! I will look you up, promise.

    rogerpetepeterson to davekelly59

    Hey Dave, won’t you be surprised if we do meet in an after or alternate life. Perhaps we’ve met in other times and places already. I had a lucid dream once where I was aware of three versions of me and all three versions knew about the other two. One of the three had just moved into an apartment and was invited in to breakfast by three beautiful young women living in the next apartment. He told one girl about me and my family. He even knew us by name. Needless to say, it was a cool dream.

    Cherrylogger to rogerpetepeterson

    A reaction of an old man in Southern Appalachia:

    Goodness, how did I know that you were from California before going to realtalk? Why do you sound like a flowerchild to me? And whats wrong with flowerchildren anyway? I don’t think you mean to lie and I grant your intent as earnest and hopeful, so why does it frustrate me so? Certainly there is some wisdom in what you say, so why doesn’t it move me?

    I might recommend listening again to Faulkner’s Nobel acceptance speech. We were then and are yet in abject fear, then of fire now of ice, then of incineration now of paralyzing apathy, then of an instant end of man, now of grinding attrition. And we are in profound denial of our universal circumstance, we are each and all both slave and slaver. Perhaps our kind has always been.

    We are told to choose between these roles and are so divided between ourselves. A false dilemma, perhaps known to the state of California to cause cancer and elsewhere war.

    Another perspective then. Cheers.

    rogerpetepeterson to Cherrylogger

    You’re partly right Cherrylogger. After being stationed in southern California in the early sixties, I moved out here with my family after finishing school in Maine, where my wife and I were born.

    “I don’t think you mean to lie and I grant your intent as earnest and hopeful, so why does it frustrate me so? Certainly there is some wisdom in what you say, so why doesn’t it move me?” – Cherrylogger

    Follow your feelings to see where they take you. Embrace them and let them tell you what they represent. When I was young, I don’t think you could have found anyone more angry and critical than me. I was a Master Fault Finder because I felt so much despair. I “knew” that mankind, as a species, was screwed up but I didn’t have a clue about how to change it.

    Finally, I realized that my beliefs, attitudes, values and expectations were part of the problem. They were negative and blaming. With this kind of energy under the surface of my being, how could I help change anything for the better? To cover my dark side up while I was in the service, I drank too much. I describe my condition and how I began to move out of it in an article published on my website. It’s called: Talk to the Stars.

    Finally, I was able to admit that much of the problem lay with me and how I defined myself and the world around me. One day, while meditating, I found myself thinking about my parents. I had been at great odds with them for most of my life. Instead of thinking about the things they didn’t do for me or the fights we had, I began to think about what they did do for me.

    During that meditation, I ended up crying and telling them how much I loved them while hugging them in my mind. I realized in that moment that they had done the best they could with what they knew and so had I. What more could I ask of them or me? Forgiveness and more tears followed. Until then, I hadn’t realized how much I blamed myself for the unhappiness in our relationship. This is just one of the experiences that helped change me from the angry, judgmental person I didn’t want to be into the loving, understanding person I want to be. If you want to read about this experience, click on: The Healing Power of Forgiveness. After letting go of this negative baggage our relationship changed dramatically! They both died knowing I loved them.

    Is it possible that, as individuals and nations, we spend so much time thinking about what we don’t want, we invest too little time in what we do want? There are reasons for this and we must expose them if we want to move on. I’m confident that we’re capable of doing that and that we will do that. As we think, we create. Change what we think, and we change what we create. Is it time to look deep within ourselves and bring out what’s best? Can love and understanding heal all wounds? More than anything, don’t we want to love and be loved without condition?

    Cherrylogger, I think your level of concern for honesty and truth is an indication of how much you love life and the world. I’ve really enjoyed our exchange. You too, Dave! If it’s okay with you guys, can I publish this discussion on my website so others can read it? Cheers!

    “We are not human beings having a spiritual experience. We are spiritual beings having (creating) a human experience.” – Pierre Teilhard de Chardin

    “How you define yourself and the world around you, forms your intent, which, in turn, forms your reality.” – Seth

    In other words, we create our own reality from what we choose to believe about ourselves, and the world around us, whether by intention or inattention.

    If we don’t CONSCIOUSLY choose our beliefs, we UNconsciously absorb them from our surroundings.

    If beliefs, attitudes, values and expectations create our reality, can we afford not to question them?

    The more we love, understand and appreciate ourselves, the better we treat ourselves, and the world.

    Should we make love, truth and joy the primary measure of our success?

    The secrets of the universe lie hidden in the shadows of our experience. Look for them!

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