The Big Con

Bankers Blowing Bubbles in Basel: Vampires Lobby Congress and World

guardian.co.uk
The Volcker rule, named for its leading proponent, former Federal Reserve chairman Paul Volcker, is intended to limit big banks’ speculative trading in proprietary derivatives and stocks. But investment banks continue to lobby hard against its effective implementation.

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What are the Guantánamo Bay files? Understanding the prisoner dossiers

guardian.co.uk — Guantanamo represents the chasm opened up between the American dream of happiness, freedom and justice under the law and the reality of parallel political and judicial systems of government operating in the same land at the same time.

The military has carved out the Guantanamo Nation, Wall St has established an absence of law in a financial, cuckoo nation.

This Guardian article describes how the Guantanamo Nation deals with and documents its citizens 'asses', guilty and innocent alike without constitution or magna carta. This is background material for case file analysis in present and future Guardian stories.

Staring into the abyss - America's Future Now.

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Super Rich See Federal Taxes Drop Dramatically

commondreams.org — WASHINGTON – As millions of procrastinators scramble to meet Monday's tax filing deadline, ponder this: The super rich pay a lot less taxes than they did a couple of decades ago, and nearly half of U.S. households pay no income taxes at all.

America building an unfair society or just telling it like it is?

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How 12 Multinational Corporations Avoid Paying Taxes

alternet.org

By Julianne Escobedo Shepherd, Alternet

Over the past month, General Electric has been held up as the pinnacle of corporate vampirism –– the world’s largest corporation in the world’s lowest tax bracket. But it’s not just GE that’s bilking the system and paying zero dollars in taxes.

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Buying Government: Congressional Mergers and Acquisitions

huffingtonpost.com — It's true what they say about victors and spoils.

Fundraising reports for the first quarter of 2011 show that the new Republican chairmen of key House committees are suddenly raking in a lot of money.

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WSJ: Banks Hit for Credit Union Ills

online.wsj.com — In one of the broadest accusations that Wall Street helped cripple financial institutions during the crisis, the National Credit Union Administration, or NCUA, has threatened to sue several investment banks unless they refund over $50 billion of mortgage-backed securities sold to the five institutions, called wholesale credit unions.

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Will banksters get away with it?

english.aljazeera.net


Hats off to Matt Taibbi for staying on the Wall Street crime beat, asking in his most recent report in Rolling Stone: "Why Isn't Wall Street in Jail?"

"Financial crooks," he argues, "brought down the world's economy — but the feds are doing more to protect them than to prosecute them."

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Not Paying Tax: How Corporations Have Mastered the Art

alternet.org

Those official and theoretical tax obligations have been used to support conservatives' claims that corporations pay half or more of their profits to federal, state and local levels of government combined. However, because of loopholes, the truth is very different. The actual tax payments of corporations, and especially large corporations, are far lower than their official, theoretical obligations.

Click on image to find US Uncut nationwide actions from LA to Dallas to DC to NYC


  Support US Uncut

 

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The 16 Profitable Companies That Pay Almost Nothing In Taxes

businessinsider.com

America's corporate tax rate is 35 percent.

But 115 companies on the S&P500 pay less than 20 percent in taxes, according to a study the Capital IQ and The New York Times. That's not even counting 37 companies like Citigroup and AIG that received more in tax credits than they paid.

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Barclays: £11.6bn profit, 1% tax

guardian.co.ukBarclays

Demonstrations on both sides of the Atlantic are to take place protesting tax avoidance by Banks and Mega-corporations while ordinary people sacrifice their future, against their will, paying taxes to support unrepentant greed and fabulous profits.

Today UK Uncut supporters protest - US Uncut will stage demonstrations on Saturday, February 26 at Bank of America locations in the US


Washington: Saturday February 26, 2011, @11am. In the Dupont Circle/Farragut North Area. Exact location and time to be announced.

Contact details

www.twitter.com/USuncutDC

USuncutDC@gmail.com

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