California AB 750 ALERT

AB 750, calling for a Task Force to study starting a state bank, will be heard later this week in the Senate Appropriations Committee.

This is not a controversial bill and simply asks for a task force to study a state bank.

A public bank will pull the state's money out of Wall Street and bring it home, where it will be used to partner with community banks to lend credit to small businesses so they can start hiring.

North Dakota has done this already.

California needs to get our economy going.

Please act on supporting this bill right away: today or tomorrow.

Call the Chair of the Senate Appropriations Committee, Christine Kehoe (San Diego), to urge passage:

916-651-4039.

Or email:

Asm. Hueso, author of the bill

assemblymember.Hueso@assembly.ca.gov

Approps. Comm. Chair

senator.kehoe@sen.ca.gov

.

Lions and Tigers and Bears...Oh My!

Everyone who has known, or even just sensed, that the same economy which determines whether or not we get a new iPad or just food on the table or an eviction notice for unpaid rent (or my personal favorite, thousands of dollars of medical costs on a credit card to pay off) is actually based on a whole lot of behind-the-scenes shell games is, of course, totally correct.

Yes, your life and mine are routinely gambled with by our good friends The Masters of the Universe.

Here's a good description of some of the mortgage shenanigans -- just for some light reading! Put on your detective hat to follow these trails of fraud and other low-ethics kinds of dubious financial practice.

Shocking Fraud from Financial Scum

"Move Your Money"

Many years ago, my father worked in a bank. After he died, my mother worked in banks for many years. So I didn't grow up seeing bankers as evil...and certainly not necessarily wealthy! The greedy overpaid mess that Wall Street became was pretty far removed from our middle class life, which started to become struggling middle class when the savings and loan crisis hit in the '80s.

Anyway, this was an interesting discussion regarding banks of today and I thought I would post it here.