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Index December 2011

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2011-12-01: Why Banks Deserve Preferential Treatment While Millions of Homeowners Are Denied Assistance And Are At Risk of Foreclosure?
2011-12-02: The big picture revealed;
2011-12-03: Autocratic western elites failed – An Europe of Nations and Citizens is needed;
2011-12-04: Labour’s Business and the Unions;
2011-12-05: End game for the euro;
2011-12-05: Close government loopholes to help bring an end to forced child labor;
2011-12-06: George Orwell on the Evil Iranian Menace;
2011-12-06: Incubating A Worker Cooperative On A Shoestring With Time Banks;
2011-12-07: Creating New Economists;
2011-12-08: No People No Problem: The Baltic Tiger’s False Prophets of Economic Austerity;
2011-12-09: AAA ratings are a beauty contest – someone has to win;
2011-12-09: Die Große Depression in Deutschland (der 30er Jahre);
2011-12-10: CrossTalk on Merkozy: Averting Euro Doomsday?
2011-12-11: Occupy Wall Street: Black Voices for Economic Justice Must Be Heard;
2011-12-12: The Financial Crisis Was Entirely Foreseeable;
2011-12-13: The Unilever strike, pensions and structural adjustment;
2011-12-14: Economics in Society: The Ethical Dimension;
2011-12-15: Euro Crisis: Britain’s Financial Arsonist Returns to the Scene of the Crime;
2011-12-16: Financial Cost: Eight years in Iraq;
2011-12-17: In the black Labour and the concept of fiscal potentiality;
2011-12-18: The year of revolt;
2011-12-19: How Maliki and Iran Outsmarted the U.S. on Troop Withdrawal;
2011-12-20: Time to trust the people;
2011-12-21: End of Nations: Canada, the US and the Security Perimeter;
2011-12-22: Courage in high places in short supply;
2011-12-22: Norme pénale spéciale contre les mutilations sexuelles féminines;
2011-12-23: Destroying the American Dream;
2011-12-24: US tax ultimatum has Swiss banks sweating;
2011-12-25: A bankrupt EU wants to extort Switzerland;
2011-12-26: Crush Labor and Impose Austerity: ECB Head Draghi’s Real Goal for the Eurozone;
2011-12-27: Measuring African capital flight;
2011-12-28: Unrelenting Global Economic Crisis: A Doomsday View of 2012;
2011-12-29: Moderate Islam Alliance: Containing Rebellion Defending Empire;
2011-12-30: UNCUT: Peter Watt’s 2012 crystal ball;
2011-12-31: The Federal Reserve is Secretely Bailing out Europe.

The Federal Reserve is Secretely Bailing out Europe

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Watch this video, 5.01 min, published on Washington’s Blog, by blog owner, December 29, 2011.

O’Driscoll wrote in a Wall Street Journal editorial: America’s central bank, the Federal Reserve, is engaged in a bailout of European banks. Surprisingly, its operation is largely unnoticed here.  Continue Reading…

UNCUT: Peter Watt’s 2012 crystal ball

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Published on Labour Uncut, by Peter Watt, December 29, 2011.

… First the economy. You don’t need to be much of a soothsayer to know that next year will all be about the horrific state of the international economy. Much of the world, although by no means all, is teetering on the edge of recession. I am no longer sure that anyone knows either what is happening or how to sort it. Years of trade deficits in much of the West coupled with cheap credit of which many individuals and countries took advantage have produced huge instability.  Continue Reading…

Moderate Islam Alliance: Containing Rebellion Defending Empire

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Linked on our blogs with James Petras, USA, and with Corruption. – Published on The James Petras Website, December 12, 2011.

… In conclusion we will evaluate the viability of this alliance and its capacity to contain and deflect the popular democratic movements and repress the burgeoning class and national struggles, especially in regard to the ‘obstacles’ posed by the Israel-US-Zionist ties and the continued IMF policies which promise to worsen the crises in the Muslim countries.

The Transition from Neo-Liberal Client Rulers to Power-Sharing with Moderate Islamists:    Continue Reading…

Unrelenting Global Economic Crisis: A Doomsday View of 2012

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The economic, political and social outlook for 2012 is profoundly negative – Linked on our blogs with James Petras, USA.  -  Published on Global Research.ca, by Prof. James Petras, December 25, 2011.

… The Collapse of the European Union:

  • Specifically, the crises wracked European Union will break up and the de facto multi-tiered structure will turn into a series of bilateral/multi-lateral trade and investment agreements. Germany , France , the Low and Nordic countries will attempt to weather the downturn. England – namely the City of London, in splendid isolation, will sink into negative growth, its financiers scrambling to find new speculative opportunities among the Gulf petrol-states and other ‘niches’. Continue Reading…

Measuring African capital flight

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Published on Pambazuka News, by Léonce Ndikumana and James K. Boyce, December 21, 2011.

Africa is bleeding money, as capital flows into the private accounts of African elites and their accomplices in Western financial centres, write Léonce Ndikumana and James K. Boyce, in an excerpt from their new book.  Continue Reading…

Crush Labor and Impose Austerity: ECB Head Draghi’s Real Goal for the Eurozone

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Linked on our blogs with Mike Whitney, USA (the American writer). – Published on Global Research.ca, by Mike Whitney, December 23, 2011.

Imagine if your banker offered to lend you a $150,000 to make up for the money that you’d lost on your home since the housing bubble burst in 2006. And, let’s say, he agreed to lend you this money for 3 years at rock-bottom rates of 1 percent provided that you post the contents of your garage  (ie. rusty bikes, a bent basketball hoop, an old dollhouse, and rodent-infested luggage) as collateral on the loan.   Continue Reading…

A bankrupt EU wants to extort Switzerland

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Published on Current Concerns, monthly, no 28, by Dr sc. techn. Franz Betschon, retired Colonel GS, December 9, 2011.

… Several weeks after the interview with Roth, which was published a few weeks ago, the development has gone further with great strides. Weeping and gnashing of teeth prevails among EU leaders, and certainly all EU members are going to think the impossible and wonder where the hell some money could come from? Roth said among other things:   Continue Reading…

US tax ultimatum has Swiss banks sweating

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Published on swissInfo.ch, by Matthew Allen, Dec. 21, 2011.

Some 11 Swiss banks must hand over thousands of client names and pay billions in fines to avoid tax evasion prosecution in the United States, according to reports. Swiss newspapers claim the deadline for the US ultimatum passed on Tuesday night. However, banks are keeping tight lipped over claims that they would also have to provide all correspondence with offshore clients over the past 11 years.  Continue Reading…

Destroying the American Dream

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Political Washington keeps cutting vital social benefits – Linked on our blogs with Stephen Lendman, USA. – Published on Global Research.ca, by Stephen Lendman, December 21, 2011.

… Corporate greed and profits over people priorities launched nationwide OWS protests in hundreds of US cities for change. Mindless of growing public rage, political Washington keeps cutting vital social benefits needing increases during hard times. With real unemployment approaching 23%, earlier cuts affected:   Continue Reading…

Norme pénale spéciale contre les mutilations sexuelles féminines

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Publié dans Centre suisse de compétence pour les droits humains CSDH, le 16 décembre 2011.

Pertinence pratique:

  • La nouvelle norme pénale protège avant tout les filles et les femmes qui souffrent de mutilations sexuelles, indépendamment du lieu  où l’infraction a été commise.
  • Les auteur-e-s ainsi que les parents comme co-auteurs sont également condamnables lorsque la mutilation est intervenue avant l’entrée en Suisse. La norme est également applicable aux  personnes provenant de pays  où les mutilations sexuelles ne sont pas réprimées pénalement, ce qui pose la question de la compatibilité avec l’art. 7 CEDH.
  • Pour des raisons d’indignité, les réfugiés qui entrent en Suisse avec des filles excisées ne peuvent pas obtenir l’asile et doivent être renvoyés selon l’art. 121, al. 3-6 Cst. (initiative sur le renvoi).  Continue Reading…

Courage in high places in short supply

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Avoiding strong stands and pandering to your political base is in among world leaders, author says – Linked on our blogs with Danny Schechter, USA. Published on Al Jazeerea, by Danny Schechter,  Dec. 21, 2011.

… Hip, Hip Hooray!

Having guts is no longer a path to glory; avoiding strong stands and pandering to your political base is in. Courage in these circles is an anomaly, something occasionally to be referenced and immediately forgotten.  Continue Reading…

End of Nations: Canada, the US and the Security Perimeter

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Watch this VIDEO, 12.43 minutes, published on Global Research.TV*, by James Corbett and Paul Hellyer, Dec. 17, 2011 (TRANSCRIPT AND SOURCES:  – or this link): American President Obama and Canadian Prime Minister Harper have unveiled a new border security agreement that has received scant attention in the American media. However, far from being a new arrangement, what this accord represents is only the latest in a chain of usurpations of national sovereignty …
* also on YouTubes.

Time to trust the people

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Published on Councillor Bob Piper, December 12, 2011.

There is much to despair about in the coverage in the media this morning in relation to last Friday’s European summit. On the right we have the Mail, Telegraph and the Express with all of their British bulldog bluster, amongst the liberal tendency the Guardian are gung ho for Clegg (again, don’t they ever learn) and we are served up some hand-wringing tripe by Mandelson and Jackie Ashley about ‘anti-Europeans’.  Continue Reading…

How Maliki and Iran Outsmarted the U.S. on Troop Withdrawal

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Linked on our blogs with Gareth Porter, USA. – Analysis published on IPS, by Gareth Porter, December 16, 2011.

Defence Secretary Leon Panetta’s suggestion that the end of the U.S. troop presence in Iraq is part of a U.S. military success story ignores the fact that the George W. Bush administration and the U.S. military had planned to maintain a semi-permanent military presence in Iraq.   Continue Reading…

The year of revolt

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2011 will be remembered as a year when resistance broke out around the world – Published on Socialist Worker.org, December 16, 2011.

… And in the U.S., young people formed the heart of Occupy Wall Street and its sister occupations in cities around the U.S. Finally, after three years of an economic crash and an excruciatingly weak recovery, long-term unemployment, declining wages and cuts in social spending, people took to the streets in the U.S. to say: “Enough!”   Continue Reading…

In the black Labour and the concept of fiscal potentiality

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In the black Labour and the concept of fiscal potentiality – Published on Though Cowards Flinch, by raincoatoptimism, December 13, 2011.

I’ve read the opening salvo of a debate on fiscal conservatism by various authors for Policy Exchange, and it wasn’t as I expected it to be. Firstly it was value-free as far as social policy was concerned, and so was neither one way nor the other on the welfare system or the state stepping in when the markets fail or there is an absence of private sector demand – despite initial criticisms that it was Tony Blair reincarnate … //  Continue Reading…

Financial Cost: Eight years in Iraq

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The war in Iraq has cost US taxpayers more than $800bn since the start of the 2003 invasionWatch this video, published on AlJazeera, 8.15 minutes, December 12, 2011 … //

… The war in Iraq has already cost US taxpayers more than $800bn since the 2003 invasion began. The vast majority of that money was spent by the US Department of Defense, with the balance appropriated for the State Department and USAID programmes, as well as the treatment of casualties by the Veterans Administration.  Continue Reading…

Euro Crisis: Britain’s Financial Arsonist Returns to the Scene of the Crime

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Published on Global Research.ca, by Finian Cunningham, December 14, 2011.

The incendiary finance capitalism unleashed by Britain 25 years ago is at the heart of Europe’s raging debt woes. You either have to admire British Prime Minister David Cameron’s brass neck, or wince at his arrogant stupidity. The smart money is probably on the latter option. Continue Reading…

Economics in Society: The Ethical Dimension

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Published December 6, 2011 on WEA Ethics Conference (register on it’s right column).  Date: … an extended, text-based, online exchange and commentary over a period of four weeks … // … The exact timing of the four-week discussion period will be announced to all presenters and registered members as soon as sufficient submissions have been received, vetted, and posted on the Discussion Forum

Welcome to the site for the World Economics Association WEA conference. This site will host the forthcoming conference Economics in Society: The Ethical Dimension  organised by the World Economics Association WEA. To take part in the conference, either as an author (see the call for papers below) or as a commentor or just as a reader, simply register as a user on this site in the normal way by leaving your email address, using the box on the right … //   Continue Reading…

The Unilever strike, pensions and structural adjustment

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An article for The Guardian about the Unilever strike – Published on Lenin’s Tomb, by lenin (blog owner), December 09, 2011.

Unilever workers have embarked on the first national strike in the company’s history, over the company’s attempt to close the final salary pensions scheme, which will result in a 40% reduction in retirement income for many of its workers. The company, in a stunningly inept move, decided to punish the strike by cancelling Christmas parties and bonuses for the workers. Thus, Unilever, a blue chip company that takes pride in its philanthropic past and responsible industrial relations policy, found itself branded Scrooge.   Continue Reading…

The Financial Crisis Was Entirely Foreseeable

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Linked on our blogs with stupid … I cannot let these questions, and with forgotten how Govs have to be run? – Published on Washington’s Blog (also on Global Research.ca), by blog owner, December 10, 2011.

… We’ve known since 1998 that crony capitalism destroys even the strongest economies, and that economies that are capitalist in name only need major reforms to create accountability and competitive markets.   Continue Reading…

Occupy Wall Street: Black Voices for Economic Justice Must Be Heard

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Published on ZNet, by Ron Daniels, October 12, 2011.

Struggling to come up for air from a brutal schedule, for several weeks I had been planning to write an article about the necessity of those affected by the Great Recession to take to the streets to express their outrage. Before I could put pen to paper it happened.  Continue Reading…

CrossTalk on Merkozy: Averting Euro Doomsday?

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Watch this video, 23.38 minutes, published on YouTube by RussiaToday, December 7, 2011:  Can European politicians secure a future for the Euro? Will the common currency outlive the political terms of Sarkozy and Merkel? How much pressure will the markets be able to sustain? Are France and Germany’s credit rating downgrades only a matter of time? Will the upcoming Friday meeting be another bitter pill for the markets to swallow? Will the Euro reach a point of no return – and if it does, what will be the final blow? Is the Eurozone too big to fail? CT-ing with Ann Pettifor, Joost van Iersel and James Meadway.   Continue Reading…

Die Große Depression in Deutschland (der 30er Jahre)

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Auf Solidarität.com online (zuersts erschienen in Neue Solidarität nr. 10/2005), von Wladimir Woytinsky, hier ohne Datum.

… Ein Programm zur Beendigung der Depression: Nach der Sitzung schlug Erdmann vor, ich solle sofort eine Werbekampagne für mein Programm zu beginnen, ohne auf die formelle Entscheidung des Vorstands zu warten. Er bot mir an, meine Artikel in Die Arbeit zu publizieren. Seine Zeitschrift wurde als Verfechterin der “aktiven Wirtschaftspolitik” bekannt, die auf zwei Ideen aufbaute: öffentliche Aufträge und Stützung der Preise durch Bankkredite zur Finanzierung dieser Aufträge. Der zweite Vorschlag implizierte öffentliche Ausgaben und einen nicht ausgeglichenen Haushalt, nicht nur als Mittel zur Finanzierung öffentlicher Arbeiten, sondern auch als Instrument, um die Kaufkraft innerhalb eines “blutarmen” ökonomischen Systems zu stärken und die Deflationsspirale umzukehren … (ganzer langer Text).
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AAA ratings are a beauty contest – someone has to win

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Published on LEFT outside, by blog owner, December 4, 2011.

… For the purposes of this post I going to assume that Duncan didn’t really mean AAA rating because it is a informationless designation created by corrupt and incompetent rating agencies. However, it is useful short hand for our borrowing costs increasing and investors thinking UK debt is unsafe so I understand using it as a proxy.  Continue Reading…

No People No Problem: The Baltic Tiger’s False Prophets of Economic Austerity

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Published on Global Research.ca, by Prof. Jeffrey Sommers and Prof. Arunas Juska and Prof. Michael Hudson, December 7, 2011.

The Baltic states have discovered a new way to cut unemployment and cut budgets for social services: emigration. If enough people of working age are forced to leave to find work abroad, unemployment and social service budgets will both drop.   Continue Reading…

Creating New Economists

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Published on Gaian Economics, by Molly, 5 December 2011.

I had a very interesting experience over the weekend while attending university open days. I was enquiring from a young woman encouraging people to take economics how pluralist her course was. She really seemed unable to understand my question. She responded that they taught ‘normal’ economics. I asked her if this meant neoclassical or whether they also had space for classical or Marxist varieties. She was simply unable to answer … //   Continue Reading…

Incubating A Worker Cooperative On A Shoestring With Time Banks

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Watch this video, 20.38 min, published on YouTube, 19 Oct 2011:  Linda Hogan and Terry Daniels of hOur World talk about Time Banks in a presentation for PODER in San Francisco October 11, 2011. Time Banks are a way to get and receive services without total dependence on cash. Their roots reach deep into our history and saved many during the Depression of the 1930’s. Time Banks are making a giant comeback- and this time may be here for good!

Links:

THE RURAL CO-OP, ca. 1945 – ca. 1955, 21.13 minutes, Uploaded by PublicResourceOrg, 12 Dec 2009: the Documentary shows how farmers in Rockingham County, Va. improved their businesses by forming cooperative enterprises. R.1. Farmers conduct business at their cooperative general store, gas station and milk plant. R.2. They work together to plan and build a new poultry plant. A typical board meeting illustrates how the cooperative organization functions. U.S. Information Agency;

YouTube’s Video-result with key word co-operative.

George Orwell on the Evil Iranian Menace

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Published on Glenn Greenwald (first found on pickled politics), by blog owner, december 4, 2011.

The U.S. has long had Iran virtually encircled as a result of the American occupation of Afghanistan on Iran’s Eastern border, its invasion of Iraq on its Western border, its NATO ally Turkey hovering on Iran’s Northwestern border, some degree of military relationship with Turkmenistan on Iran’s Northeastern border, and multiple U.S. client states sitting right across the Persian Gulf (Kuwait, Saudi Arabia, the UAE, and Bahrain, where the massive U.S. Fifth Fleet is stationed) … //  Continue Reading…

Close government loopholes to help bring an end to forced child labor

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Received by e-mail, From: Brian Campbell, International Labor Rights Forum, Date: 29 novembre 2011

Dear Friends, In Uzbekistan, between 1.5 to 2 million children1 are forced by their own government to harvest cotton each year for export to the world market. If they refuse, they face beatings, expulsion from school, and other government-imposed penalties.  Continue Reading…

End game for the euro

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The plan to leverage the financial power of the crisis fund ESFS five fold is immensely hazardous – Published on Current Concerns no 26 (Source: Frankfurter Allgemeine Zeitung of 24.10.2011), by Holger Stelzner, November 2011.

Those who lament the “desastrous effect” of the EU summitt marathon should explain why they expected the current euro crisis meeting to turn into some sort of salvation summit. Just listing the chaos of topics involved in the euro decision mayhem illustrates that one summit alone will never be able to slice the Gordian knot: payment of the next loan tranche and the increase of the second aid package for Greece, cumulation of the capital requirement in Hellas from 109 to 252 or 444 billion euro,  Continue Reading…

Labour’s Business and the Unions

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Published on Next Left, by Olly Parker – Events Director at the Fabian Society, November 30, 2011.

One of a very limited run of Labour’s Business will be given to every delegate who attends our annual conference entitled The Economic Alternative on January 14th. Full details and how to buy your tickets can be found here. Please purchase your tickets early to avoid disappointment. Mark Rowney has worked for several years as a senior finance lawyer specialising in transport, energy and infrastructure at Clifford Chance LLP.  Continue Reading…

Autocratic western elites failed – A Europe of Nations and Citizens is needed

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Published on Current Concerns no. 26, by Prof Dr Klaus Hornung, November 21, 2011, (Translation by Current Concerns).

It sounds like a saga, but it happened only two decades ago. 1990/1991, the Sowjet imperium imploded leaving behind the United States as the only world power. Now, euphoria reigned in the West to harvest the fruits of victory over communism. Arnulf Baring was one of the first to counter this euphoria with an appropriate realistic prognosis, when he wrote in 1991: “It would be an illusion to believe we had now entered a paradise-like state of the world, where crisis, turmoil, revolt and war become inconceivable. Quite the opposite, indeed. In the coming years and decades, agitation of all colours will be escalating due to the demographic pressure, social and economic emergencies in many parts of the world.”  Continue Reading…

Les inégalités de patrimoine s’accroissent entre 2004 et 2010

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Publié dans INSEE.fr, par Hélène Chaput, Kim-Hoa Luu Kim, Laurianne Salembier, Julie Solard, division Revenus et patrimoine des ménages, Insee, Novembre 2011.

Résumé: Début 2010, selon la nouvelle enquête Patrimoine des ménages, la moitié des ménages vivant en France déclarent posséder plus de 150 200 euros de patrimoine brut et concentrent 93 % des avoirs. Les 10 % les mieux dotés ont au moins 552 300 euros de patrimoine brut et détiennent près de la moitié de la masse totale de celui-ci.   Continue Reading…

The big picture revealed

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Published on Progress online, by Luke Akehurst, Nov. 30, 2011.

There are some weeks when the coincidence of political events means anyone watching the news can’t avoid seeing the big strategic picture of what is happening to society, who is causing it, and what the choices are facing the country. This week is one of those weeks.  Continue Reading…

Why Banks Deserve Preferential Treatment While Millions of Homeowners Are Denied Assistance And Are At Risk of Foreclosure?

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Published on Global Research.ca, by by Washington’s Blog, November 29, 2011.

… The Fed Threw $7 Trillion at the Big Banks, Without Telling Congress or Shareholders. The Hill notes:   Continue Reading…