REWIND - A Week of Quotes & Cartoons

SUNDAY

Quote of the Day
July 15, 2012

'...Voters aren't interested in "process" issues. They
want to know about outcomes. Voters from right to
left will tell you, for example, that they
overwhelming reject the Supreme Court's Citizens
United decision to allow unlimited, anonymous
money to flood our political system. But getting
them worked up about election laws isn't easy. You
have to connect the dots to something that matters
to them - like the fact that once-middle-class
workers have seen their incomes drop by nearly 8
percent in three years and their wealth disappear by
a staggering 40 percent. And you have to make sure
they believe that the problem is not, as the right
would have it, the extravagant pensions of teachers
like my 82-year-old mother (who taught for over 30
years before retiring from the Atlanta city schools),
but the actions of bankers and C.E.O.'s who've
engineered a system that is decimating the middle
class.'

'How to Get Our Citizens Actually United'
By Drew Weston
New York Times
July 14, 2012
http://tinyurl.com/btc7vw7

Toon of the Day
http://tinyurl.com/85jvvel
Reruns
Stuart Carlson

MONDAY

Quote of the Day
July 16, 2012

'We expect more ugly revelations" over what's been
dubbed LIBOR-gate. Other institutions may be
implicated. Critics of emerging-market governance
standards need to look in the mirror. The so-called
developed markets now exude a rising stench.'

David Kotok, chair and chief
investment officer of
Cumberland Advisors

Yahoo News
July 16, 2012
http://tinyurl.com/7e8csp3

Toon of the Day
http://tinyurl.com/7kbb7qf
Florida Gov. Scott
Jim Morin - Miami Herald

TUESDAY

Quote of the Day
July 17, 2012

'Whatever motivated Geithner's* silence, or that of
the "government official" in the emails to Barclays,
this much is obvious: the mainstream media need
to drop their narratives of "Gosh, another oversight".
The financial sector's corruption must be recognized
as systemic. '

"This global financial fraud and its gatekeepers"
Naomi Wolf
Guardian (UK)
July 14, 2012
http://tinyurl.com/6pxfhr7

Toon of the Day
http://tinyurl.com/77uxtcc
Retroactive
Tom Toles -- Washington Post

WEDNESDAY

Quote of the Day
July 18, 2012

'While I will always hold my colleagues and
coworkers in the highest regard, I cannot in good
conscience profit from what is technically the
'plunder' or 'pillage' of occupied natural resources
and the company's situating its factory in an Israeli
settlement in the Occupied West Bank. Because of
complicated legal and financial constraints I am
unable to withdraw my investment at this time, but
will donate the corpus of the investment as well as
the profits accrued to me during the term of my
involvement to organizations working to end this
illegal exploitation.'

Abigail Disney, daughter of Roy Disney,
who co- founded The Walt Disney
Company, renouncing her share of
the profits from her family's investment
in the skin care company Ahava, which
has its factory in a settlement in the West
Bank

Jewish Telegraph Agency
July 17, 2012
http://tinyurl.com/86k4hzo

Toon of the Day
http://tinyurl.com/7ggad9q
Homeland Security
Jim Morin - Miami Herald

THURSDAY

Quote of the Day
July 19, 2012

'Despite the perception that older Americans are
more housing secure than younger people, millions
of older Americans are carrying more mortgage debt
than ever before, and more than three million are at
risk of losing their homes. As the mortgage crisis
continues, millions of older Americans are
struggling to maintain their financial security.'

AARP
New York Times
July 19, 2012
http://tinyurl.com/77c9xn7
'Nightmare on Main Street Older
Americans & the Mortgage
Market Crisis'

[Full report: http://tinyurl.com/dxyd3gj]

Toon of the Day
http://tinyurl.com/7rw3enn
Behind the Wall
Stuart Carlson

FRIDAY

Quote of the Day
July 20, 2012

'With a rotten financial system once again laid bare
to the world, the only question remaining is whether
Wall Street has so many friends in Washington that
meaningful reform is impossible.'

Elizabeth Warren Elizabeth Warren
chair of the TARP Congressional
Oversight Panel from 2008 to 2010,
now Democratic nominee for U.S.
Senate in Massachusetts.
Washington Post
July 20, 2012
http://tinyurl.com/7asd2v6

Toon of the Day
http://tinyurl.com/7xshtuz
What's Wrong With Us
Occupy Posters

SATURDAY

Quote of the Day
July 21, 2012

'People calling for banking reform on either side of
the Atlantic are underestimating the problems of
enforcement. A writer on the financial news blog
Zero Hedge recently ?remarked that "the Libor
scandal seems to be waking people up to
manipulation and fraud by the big banks." Of
course, there are tools at the ready: sanctions,
tribunals, a ban for life for crooked traders. But
Libor was meant to be the prime glittering
advertisement for the free market. Now it turns out
that the whole thing is a fix-a grimy hand all too
visible. It's like the spy in Conrad's Secret Agent
vowing to destroy the first meridian.

'Is it possible to reform the banking system? There
are the usual nostrums-tighter regulations, savage
penalties for misbehavior, a ban from financial
markets for life. But I have to say I'm dubious. I
think the system will collapse, but not through our
agency.'

Alexander Cockburn
1941-2012
'Barclays and the Limits of Financial Reform'
The Nation
July 11, 2012
http://tinyurl.com/cservls

Toon of the Day
http://tinyurl.com/clqqfch
Full Service Bank
Bagley - Salt Lake Tribune

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