Oct 11, 2011 at 1:18 PM
Bailed Out Bank Of America Hands Sallie Krawcheck $6 Million Severance For 2 Years Of Work
Sallie Krawcheck was hired by Ken Lewis at BofA in August of 2009 after a career at Citigroup where she was CFO when fired by Vikram Pandit in 2008, with no severance.
After just 24 months at Bank of America she was fired last month by Brian Moynihan, and it was announced yesterday that she is set to receive $6 million in severance.
Keep this in mind when BofA supplicates before Geithner for its next taxpayer bailout.
Full story inside from Bloomberg.
HILARIOUS - Geraldo Driven From Occupy Wall Street By Protesters Chanting: "Fox News Lies, Fox News Lies!"
Brilliant. Democracy in action.
This is what happens when your coverage of the protests is biased and absurd.
60 Minutes - GE CEO Jeff Immelt, The Overseas Job Czar
CBS Video - Jeff Immelt with Lesley Stahl - Oct. 9, 2011
Can General Electric Chairman Jeffrey Immelt, whose company has been racking up big profits overseas, help create jobs in America? Lesley Stahl interviews the man President Obama chose to lead the crucial quest for more American jobs.
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Cartoon Of The Day - Manufactured Protest
David Degraw - Amped Status
How Anonymous, AmpedStatus, the NYC General Assembly, US Day of Rage, Adbusters and Thousands of Individual Actions Led to the Occupation of Liberty Park and the Birth of a Movement
As the occupation of Wall Street moves into its third week, there are many questions about the organizers behind the ongoing protests and the origins of the 99% Movement. As one of the many people who actively supported the effort, and helped launch the 99% Movement, I will give my perspective on the events leading up to the occupation of Liberty Park.
Much more inside, including a decent collection of new videos.
GOP Rep Peter King: "We Can’t Allow More Coverage Of Occupy Wall Street, Or They Will Win"
Video - Congressman Peter King (R-NY) with Laura Ingraham - Oct. 7, 2011
Runs 1 minute. The establishment protectors of corporate America and the Wall Street Kleptocracy are growing scared.
- “It’s really important for us not to give any legitimacy to these people in the streets,” said King on Laura Ingraham’s radio show Friday evening. “I remember what happened in the 1960s when the left-wing took to the streets and somehow the media glorified them and it ended up shaping policy. We can’t allow that to happen.”
Clueless Former KC Fed Chairman Herman Cain Calls Occupy Wall Street Protesters Anti-American: "It's A Conspiracy Designed To Help Obama"
Herman Cain is at it again, spreading misinformation and lies, after blaming protesters just last week, saying it is their fault if they are unemployed.
Cain is repeatedly mistaken in this clip from yesterday's Face The Nation. He has no idea how these protests got started, so he just assumes it was 'the unions' even though there wasn't a union representative to be found for the first 15 days. If you've been following the protests since months before they began, as we have, you know it was ANONYMOUS, and their anger at the Federal Reserve and stealth Wall Street bailouts that laid the groundwork for the rebellion.
Full story inside.
VIDEO - Eric Cantor Calls Occupy Wall Street A 'Mob'
If you have any longevity on this site, you know we detest Obama and his support for illegal wars and Wall Street, but the GOP continues to mistakenly discredit the protests, so we will continue to discredit the GOP.
Cantor:
- "If you read the newspapers today, I, for one, am increasingly concerned about the growing mobs occupying Wall Street and the other cities across the country. And believe it or not, some in this town have actually condoned the pitting of Americans against Americans."
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CNBC Talking Heads: Wall Street Protesters Are 'Freaks'
CNBC is getting frightened so they resort to ridicule...
CNBC talking heads — including Larry Kudlow, Jim Cramer, and Joe Kernen — have found nothing but scorn for the protestors, deriding them as “bizarre,” “freaks,” and “law-breaking” “anti-American” “anarchists” who are “more aligned with Lenin.”
It’s no real surprise that the same pundits who derided subprime lending victims as “suckers,” vigorously defended the righteousness of bailed-out banks paying million dollar bonuses, believe tax havens prevent tyranny, and cited Glenn Beck as a new economic indicator would find the Wall Street protests off-putting. But their comments merely highlight how out-of-touch they are with the common American, as they cater all day, every day to the Wall Street crowd.
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VIDEO - Rick Santorum On Occupy Wall Street
The GOP continues their attempt to discredit the Wall Street protests.
The truth from ANONYMOUS who organized the protests:
- We are a decentralized non-violent resistance movement, which seeks to restore the rule of law and fight back against the organized criminal class.
- One-tenth of one percent of the population has consolidated wealth in unprecedented fashion and launched an all-out economic war against 99.9% of the population.
- We are not affiliated with either wing of the two-party oligarchy. We seek an end to the corrupted two-party system by ending the campaign finance and lobbying racket.
- Above all, we aim to break up the global banking cartel centered at the Federal Reserve, International Monetary Fund, Bank of International Settlement and World Bank.
- We demand that the primary dealers within the Federal Reserve banking system be broken up and held accountable for rigging markets and destroying the global economy, effective immediately.
- As a first sign of good faith we demand Ben Bernanke step down as Federal Reserve chairman.
- Until our demands are met and a rule of law is restored, we will engage in a relentless campaign of non-violent, peaceful, civil disobedience.
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EUROZONE UPDATE - Think Tank Says Bailout Fund Will Need $6 Trillion And France Will Lose AAA Rating
Pardon while we chuckle, because $1 trillion, let alone $6 trillion, is never going to happen in Europe. Where do they plan to get the money, Euro Claus?
VIDEO - Mervyn King On Quantitative Easing 2.0 In The UK: "Why This Time Will Be Different"
Video - Bank Of England Governor Mervyn King On QE In The UK - Oct. 7, 2011
World Facing Worst Financial Crisis In History According To King
Bernanke's money-printing UK counterparty, Mervyn King, discusses his announcement of $125 billion in fresh QE for Great Britain, the second attempt since 2009:
- The Bank has already issued £200billion in QE: it started in March 2009, when it had already cut rates to the record low of 0.5% - where they remain – but when the UK economy was still struggling to emerge from recession. It then injected the cash in tranches over the following 11 months, after which it closed off the scheme.
Full write-up inside.