Skip to main content

The Detroit 'Bail-In' Template: Fleecing Pensioners to Save the Banks

Ellen Brown Common Dreams
The municipal workers, whose pensions are theoretically protected under the Michigan Constitution, are classified as “unsecured” claimants who will get the scraps after the secured creditors put in their claims. The banking casino, it seems, trumps even the state constitution. The banks win and the workers lose once again.

Elizabeth Warren: Support the 21st Century Glass Steagall Act

Elizabeth Warren elizabethwarren.com
Elizabeth Warren has joined forces with Senators John McCain, Maria Cantwell, and Angus King to introduce the 21st Century Glass Steagall Act of 2013 to reinstate and modernize core banking protections.
Subscribe to Glass Steagall