BofA tries to fuck us - again

From crooksandliars, BofA is trying to dump $74 trillion in derivatives into FDIC insured accounts. Think about that for a second... $74,000,000,000,000.00 in fraud, dumped into FDIC accounts so that the corporate controlled government will "insure" the loss.

Bank of America Corp. (BAC), hit by a credit downgrade last month, has moved derivatives from its Merrill Lynch unit to a subsidiary flush with insured deposits, according to people with direct knowledge of the situation…
Bank of America’s holding company — the parent of both the retail bank and the Merrill Lynch securities unit — held almost $75 trillion of derivatives at the end of June, according to data compiled by the OCC. About $53 trillion, or 71 percent, were within Bank of America NA, according to the data, which represent the notional values of the trades.

Things that make you go AAAAAAUUUUUUGGGGGHHHHHH

Watch this clip, courtesy of mockpaperscissors. Cringe as the fascist bobbleheads on CNBC prattle on about how the devasting earthquake in Japan, has, so far, THANK THE GODS, not had any real impact on that most important of things, the great, holy commodity markets.  Cry for humanity as Larry Kudlow makes this vile, disgusting comment:

The human toll here looks to be much worse than the economic toll and we can be grateful for that.

Assassination is too good for their ilk.

Fascism in action

Video of the fascist denial of basic human rights in Wisconsin:

This is What DemocracyFascism Looks Like

The TBTB (Tea Bag Terrorist Brigade) has successfully denied unions in Wisconsin the ability to bargain collectively by removing the provision from the budget and presenting it to committee on it's own. Here's how and why: In Wisconsin, the Senate must have a quorum to vote on budgetary issues. (20 senators would constitute a quorum) There are 19 TBTB Senators and 14 Democratic Senators - this is why all 14 Democratic Senators left the state, to filibuster. The TBTB then stripped the collective bargaining clause from the budget brought it to committee and voted for it. Since there were no budget items, no quorum was needed.
As to the why:
Prior to the vote, the Associated Press reported: "Democratic Sen. Bob Jauch says he thinks Republicans plan to 'ram through' parts of the bill that take away collective bargaining rights but that don't cost any money."
State Sen. Jon Erpenbach, who has been in exile in Chicago, expressed his outrage to the Wisconsin State Journal. "They have been saying all along that this is a fiscal item, we've been saying it is not," said Erpenbach. "They have been lying. Their goal is to bust up the unions."
State Sen. Scott Fitzgerald (R), the Wisconsin Senate Majority Leader,Today, on FAUX:
"If we win this battle, and the money is not there under the auspices of the unions, certainly what you’re going to find is President Obama is going to have a much difficult, much more difficult time getting elected and winning the state of Wisconsin."
Thankfully, unions in Wisconsin are discussing a General Strike. For all of our sakes, I hope they go for it.