In the UK, the Tories have edged into the lead in the latest Guardian/ICM opinion poll. While New Labour’s support for benefit cuts, government spending plans and the entire neo-con agenda means it makes no difference who is in power at Westminster, residual voter tribal loyalty to these moribund and corrupt parties remains the basic fact of “mainstream” politics, even after the voters have twigged the politicians are almost all self-serving crooks.
That is important for Scotland, as the perception of continued Tory rule at Westminster will increase the independence vote. By the Autumn it is going to be very clear the Tories are in power until 2020. But will that perception enter the public consciousness before September 18 2014? Charles Clarke, ever anxious to stab his colleagues in the back – a defining Labour trait – is doing his best to make it clear.
Scary stuff from Ellen Hodgson Brown on the US banking system. The whole rotten edifice could come crashing down.
BlackRock and PIMCO are suing the major banks for £250billion losses.
‘Investors led by BlackRock, the world’s largest asset manager, and PIMCO, the world’s largest bond-fund manager, have sued some of the world’s largest banks for breach of fiduciary duty as trustees of their investment funds. The investors are seeking damages for losses surpassing $250 billion. That is the equivalent of one million homeowners with $250,000 in damages suing at one time.
The defendants are the so-called trust banks that oversee payments and enforce terms on more than $2 trillion in residential mortgage securities. They include units of Deutsche Bank AG, U.S. Bank, Wells Fargo, Citigroup, HSBC Holdings PLC, and Bank of New York Mellon Corp. Six nearly identical complaints charge the trust banks with breach of their duty to force lenders and sponsors of the mortgage-backed securities to repurchase defective loans.’
Blowback to the EU and the rest?
Did the Other Shoe Just Drop?
Big Banks Hit with Monster $250 Billion Lawsuit in Housing Crisis
by Ellen Hodgson Brown / July 16th, 2014
http://dissidentvoice.org/2014/07/did-the-other-shoe-just-drop/