Wednesday, February 29, 2012

ANP News And Reminders

Well everyone, another month has come and gone - well almost.  Tomorrow is March 1.  I hope we all have our pledges ready to go in the next few days.

Also, the time is drawing near for our annual Spring Blitz.  We want to give out even more literature than usual. That's the point of Spring Blitz.  We Blitz neighbourhoods with fliers, cards, and stickers.  I try and do a combination of all three.  You can order cards and stickers for a $5.00 donation.  See the support page of the main website.  You can download the fliers for free, naturally.  You still have time to get prepared, so get those orders in ASAP.  Save yourself a stamp and order when you send in your pledge.

BTW, I haven't mentioned it in quite some time, but I hope all Official Supporters are sending in their monthly activity report along with their pledges.  It doesn't take that long to fill out.  It's not a lot to ask, but it seems that some people, and they know who they are, think it is.  If you need a report form, it too can be found on the support page of the main website.

Finally, Chairman Suhayda has set the exact time and place of our Nationals.  THIS WILL BE A CLOSED MEETING.  NO PUBLIC, NO PRESS, NO ARA, NO TROUBLE.  Registration slips should be sent out with the next issue of the White Worker.  The exact details will be given out to those who commit to attend when they return their slips.

I hope to see at least some of you there.  Happy Leap Year Day!  BTW, I was wondering, what do people who were born on Feb. 29 do about birthdays?  Do they only get one every four years?  Just think, if this was my birthday, I'd only be 13!  Thank God it doesn't work that way.  I would never want to be that age again.  I wouldn't wish that fate even on a Judeo-Capitalist! LOL

Dan  88!

Tuesday, February 28, 2012

The Arrogance Of The 1%

Comrades, I'm sure most of you have heard the story of the insulting tip a bankster left a waitress that he felt didn't kiss his ass enough.   You know what I say?  Good.  People need things like this to remind them of the arrogance of the 1%.  This SOB treats people like peasants, and like he's the Lord Of The Manor.  Some people need a slap in the face to wake them up, and this was a pretty good slap.

This story has literally gone viral over the web.  Twitter, Facebook, and MySpace have been buzzing about it for days.

As the restaurant in question is in Newport Beach California, "Occupy Orange County" would just love to know this turd's identity and stage a little demonstration at his place of business.  I hope they find out and do it.

If they do, I'll bet this fat cat goes ballistic.  "How dare these miserable low lifes protest against ME?!  I am their better.  They should kiss my ass and be great full that I am generous enough to employ some of them in the first place!"

This person was born into a wealthy family.  When he was growing up there was no doubt that he would attend a prestigious college or university, and no question that he would get a great position and make millions.  Unlike the 99%, when he was a kid, he had no doubts in his mind that he would be a success.

Comrades, let us NEVER forget who our REAL enemy is.  It's not the Jews (I mean ordinary Jews who have jobs, or run the delicatessen down the street or the dry cleaners around the corner).  It's not Blacks.  It's not even illegal aliens (they are a symptom of the problem, not the cause).  It's the 1%.  THE JUDEO-CAPITALISTS, most of which are not even Jewish.  Most of them are Whites who are traitors to their own people.  Let's us remember that they are also the enemy of honest hard working non-White Americans as well.  They are the enemies not just of National Socialists, but of Liberals, Independents, Communists - everyone who is NOT one of the 1%.  Not to mention naive working/middle class Democrats and Republicans who don't realize they are backing their own worst enemies.

So when other NS groups criticize the ANP for supporting "Occupy Wall Street" along with the American Communist Party, I say that even though Communism is the enemy of National Socialism, Judeo-Capitalism is a bigger enemy to us both.  I have no problem with us helping each other defeat a common enemy.  Once that's done, THEN the ANP and the American Communist Party can settle our differences with each other.

Remember, one of the reasons Hitler lost WW II was he was fighting too many enemies at the same time.  Let's not make the same mistake again.  The 1% is the enemy of ALL of the 99%.  The 99% must unite against the Judeo-Capitalists in order to win.  I don't intend to lose this battle by refusing to stand along side a non-White who is also fighting the 1%.  If you disagree, then that's your choice.  Perhaps when we lose everything, you can go out knowing that you "kept your principles" - even though it cost the White race its very existence.  As for me, I'll take whatever help I can get.  We can sort the rest out later - after the greatest, most powerful enemy is gone.

If you haven't read the story or seen any of the videos, click on the link:     http://news.yahoo.com/blogs/trending-now/banker-insulting-tip-incites-class-warfare-between-1
164624882.html

Dan  88!

Monday, February 27, 2012

Rome wasn't built in a day.


By KATHIANNE BONIELLO and FRANK ROSARIO


A 400-pound felon — who claims he spent eight months in jail in one set of street clothes because the city wouldn’t find him fashion that fit — is hoping to tip the scales of justice with a $1 million federal lawsuit.

Elias A. Diaz, 55, says the Correction Department should pay up for forcing him to do his time in the T-shirt and sweats in which he was arrested.

Diaz claims he was humiliated by the improper jailhouse attire and will need “expensive” therapy to come to grips with the fashion faux pas.

The 5-foot-10 behemoth claims administrators at the Vernon C. Bain Center in The Bronx made no effort to get him out of his smelly, worn-out duds and into an official green jumpsuit after his sentencing.
400 LBS.: Fat felon Elias Diaz is suing for $1 million because city prisons had no clothes big enough for him.
TOMAS E. GASTON
400 LBS.: Fat felon Elias Diaz is suing for $1 million because city prisons had no clothes big enough for him.
The officials didn’t see “fit to stock any clothing beyond the size of 6X,” Diaz claims. Meanwhile, Diaz wears at least a 7X.

A brief stint at Rikers Island didn’t help; officers there just threatened to write him up for not having proper clothes, even though there is an on-site tailor at the prison.

“No one has issued me institutional clothing or made any attempted [sic] to measure me, to attempt to make the clothing, or borrow, purchase or anything else besides talk about getting me institutionally issued clothing,” Diaz wrote in court papers.

His friends tried to send clothes, but most of the packages were rejected or returned, Diaz claims in his lawsuit.

With only a spare T-shirt and shorts, he was forced to wash his clothes every day in the shower.

Diaz, a mechanic whose rap sheet dates to a 1975 attempted-robbery charge, was arrested in May after cops caught him with two guns.
Officers visited Diaz after a woman said he threatened her at gunpoint. Diaz said he was just trying to collect a debt from her boss and added, “I showed her a weapon . . . to let her boss know I meant business,” according to the criminal complaint.

Diaz, who filed his lawsuit himself but says he has since retained a lawyer, says the city failed to provide him “equal care and protection.” And he claims not getting big clothes in the big house has left him broken.

“I wake up still thinking I’m in jail and washing and washing and never feeling like I can wash enough,” Diaz told The Post outside his Bronx home last week.

“I never felt clean in there. And I cannot feel clean now no matter what I do.”
He wants $1 million in damages, which includes $500,000 to help him pay for psychiatric care he says he now needs.

The Correction Department declined to comment on the lawsuit but said Diaz filed a complaint about a housing issue during his jail term and could have done the same about clothing issues.

Additional reporting by Candice M. Giove


Comment:

Dan  88!  





Sunday, February 26, 2012

Supreme Court to hear corporate human rights case

By James Vicini | Reuters – Fri, Feb 24, 2012



WASHINGTON (Reuters) - The Supreme Court will weigh next week whether corporations can be sued in the United States for suspected complicity in human rights abuses abroad, in a case being closely watched by businesses concerned about long and costly litigation.
The high court on Tuesday will consider the reach of a 1789 U.S. law that had been largely dormant until 1980, when human rights lawyers started using it, at first to sue foreign government officials. Then, over the next 20 years, the lawyers used the law to targetmultinational corporations.
The case before the court pits the Obama administration andhuman rights advocates against large companies and foreign governments over allegations that Royal Dutch Shell Plc helped Nigeria crush oil exploration protests in the 1990s.
Administration attorneys and lawyers for the plaintiffs contend corporations can be held accountable in U.S. courts for committing or assisting foreign governments in torture, executions or other human rights abuses.
Attorneys for corporations argue that only individuals, such as company employees or managers involved in the abuse, can be sued, a position adopted by a U.S. appeals court in New York. Other courts ruled corporations can be held liable.
The justices will hear an appeal by a group of Nigerians who argue they should be allowed to proceed with a lawsuit accusing Shell of aiding the Nigerian government in human rights violations between 1992 and 1995.
California attorney Paul Hoffman, who will argue on behalf of the plaintiffs, said corporations, under the 1789 law, were permissible defendants and that corporate civil liability was a general principle ofinternational law.
"Businesses involved in genocide, crimes against humanity or other serious human rights violations deserve no exemption from tort liability," he said in a brief filed with the court.
NO EXEMPTION FOR GENOCIDE
The Obama administration supported the corporate liability argument, as did international human rights organizations and Navi Pillay, the United Nations High Commissioner for Human Rights.
Representing Shell at the arguments, Kathleen Sullivan, a former dean of the Stanford Law School in California, said U.S. and international law do not allow corporate liability for the alleged offenses. She said the post-World War Two Nuremberg tribunals covered prosecutions of individuals, not corporations.
She warned of the consequences of allowing such lawsuits.
"Even a meritless ... suit against a corporation can take years to resolve," she said in a brief, adding that corporations may reduce their operations in less-developed nations where such abuses tend to arise.
The British, Dutch and German governments supported Shell and said it violates international law to apply a U.S. law from more than 200 years ago to acts that take place in other countries and have no connection to the United States.
Also backing Shell are various multinational corporations and the U.S. Chamber of Commerce business lobby. Robin Conrad, head of the group's legal arm, said that if the Supreme Court upholds corporate liability, "the global business community will face yet another wave of frivolous and expensive litigation."
In the past two decades, more than 120 lawsuits have been filed in U.S. courts against 59 corporations for alleged wrongful acts in 60 foreign countries, lawyers in the case said.
Many of the lawsuits have been unsuccessful, though there have been a handful of settlements, the lawyers said. Many of the cases, having dragged on for years, are still pending.
Among the cases: Indonesia villagers accused Exxon Mobil Corp's security forces of murder, torture and other abuses in 1999-2001; Firestone tire company was accused of using child labor in Liberia; and Ford Motor Co and other firms were accused of aiding South Africa's apartheid system.
The Alien Tort Statute from 1789 states that U.S. courts shall have jurisdiction over any civil lawsuit "by an alien for a tort only, committed in violation of the law of nations or a treaty of the United States."
In its first substantive look at the law in 2004, the Supreme Court ruled it can be used for certain well-established international law violations, but did not determine who may be held liable.
A ruling in the case is expected by the end of June.
The Supreme Court case is Esther Kiobel v. Royal Dutch Petroleum Co, No. 10-1491.
(Reporting By James Vicini; editing by Kevin Drawbaugh and Todd Eastham)
Comment:
As the Supreme Court is part of the system, I place no faith in it.  How can they be for us when they are a major branch of ZOG itself?  However, it may be interesting to see how they handle this. 
I would like to point out that Shell's representative, Kathleen Sullivan is both right and wrong when she said corporations were not tried for war crimes.  Yes, corporations did not stand trial at Nuremberg.  However, corporations such as I.G. Farben and  others as well were sued by former Jewish workers and lost to them. 
Corporations and their operating officers should be held accountable for any human rights violations.  But since the Supreme Court "Justices" are all wealthy, I doubt they will get what they deserve.  If they are held accountable, some deal will probably be struck and they'll wriggle off the hook with a slap on the wrist just as the Wall Street Banksters did earlier this month.  Well, that's the American way:  Liberty and Justice for none - except the 1%.
Dan  88!

Saturday, February 25, 2012

Fearing Confederate flag backlash, NASCAR nixes PGA pro Watson’s appearance with ‘General Lee’


DAYTONA BEACH, Fla. — NASCAR and track officials canceled plans to have pro golfer Bubba Watson drive the car from the television series “The Dukes of Hazzard” at Phoenix International Raceway because of concerns about a negative reaction to an image of the Confederate flag.
Watson was scheduled to drive the 1969 Dodge Charger, known as the “General Lee,” on a parade lap before the March 4 Sprint Cup series race at Phoenix. The car has a large Confederate flag on its roof, just as it did when it appeared on the show.
“The image of the Confederate flag is not something that should play an official role in our sport as we continue to reach out to new fans and make NASCAR more inclusive,” NASCAR spokesman David Higdon said in a statement Friday.
Higdon said it was a joint decision by officials with NASCAR, the racetrack, and track ownership group International Speedway Corp.
While the flag may not be welcome in an official capacity in NASCAR, it often can be seen flying from fans’ vehicles in racetrack infields.
Reached Friday at the Northern Trust Open in Los Angeles, Watson said the car only has the flag on it because that’s the way it 
looked on the show.
“Obviously, I don’t stand for the Confederate flag,” Watson said. “The Confederate flag was not used (in the show) for what people see it as today, so that’s sad. But NASCAR was built on moonshining, so the show was built on moonshining. I thought it was fun. I didn’t buy the car to get publicity; I bought it because I love it.”
Watson recently bought the car at an auction for $110,000.
The photo on Watson’s Twitter account shows him standing next to the car, and he drove it to the Phoenix Open earlier this month.
“Two days ago, they called my manager and said we can’t do it, that NASCAR pulled the plug on it,” Watson said. “They said the reason was the Confederate flag on top. I understand if I was using it in that form. But I bought because it’s (number) 01, from the TV show, and who doesn’t want a car that’s been jumped (in a TV stunt)? The TV show was about moonshining, driving in the backwoods in those days.”
Watson said he still will attend the Phoenix race, and still plans to let NASCAR driver Denny Hamlin caddy for him in the Par 3 tournament at the Masters.
“Me and Denny have been friends for a couple of years,” Watson said. “I’ll still go to the race, even though I can’t drive around the race track.”
___
AP Golf Writer Doug Ferguson contributed to this report from Los Angeles.
Comment:
Just like the title of one of Shakespeare's plays, "Much Ado About Nothing."
With all that's wrong in this country these days, haven't these idiots got anything better to do than make a stink about a flag that is not even being used in a racist manner?  It reminds me of an incident about 20 years ago in Redlands, Ca., on the east of San Bernardino.  A Hindu store owner painted an Indian style Swastika on the side of his house.  It was not in the style of National Socialism with a red banner, white circle, and tilted black Swastika.  It was gold coloured, not tilted, and had Hindu designs around it.  Yet non-Whites and Synagogue Etz Hadar screamed bloody murder.  The Hindu was even called a Nazi.  You don't find Hindu Nazis in any great abundance, do you?  They put so much pressure on the man, he was forced to paint over it.  I guess a lot of people had nothing better to do than to harass someone because they found a Hindu religious symbol offensive.  I guess we only have religious freedom as long as non-Whites are not offended.  Let's not forget that Hindus are also not White.  
It's not reasonable to expect to go through life and not be offended at times.  In a large society such as ours, it happens.  Just deal with it and get on with your lives.
Comrades, the Confederacy is part of American history.  Whites have NOTHING to be ashamed about.  No one alive today was a member of the Confederacy, therefore no one alive today is guilty of slavery.
Let us also remember that slavery was NOT hated based.  It was economic based.  The huge plantations of the South would not have been profitable without slavery.  I'm not trying to make a case for something as abhorrent as slavery.  I'm just explaining it was an economic thing, not racial.  Black's skin colour was just the excuse for using them as slaves, but the reason was money.  Making slaves out of people for profit?  Now why does that sound so familiar?
Let's also take into account that losing the Civil War was a humiliation for the South.  Wounds like that can span generations.  For many people, the Confederate flag is part of their history, and they have no reason to be ashamed of it.  
I say this to all Blacks and White liberals:  The Civil War ended 145 years ago (if I did my math right).  Time to move on.  Only a small handful of hateful people use the Confederate flag in a hateful manner.  To most, it's just a historical flag every bit as legitimate as the first U.S. flag that said, "Don't Tread On Me."  Remember, all of our Founding Fathers were slave owners, so shall we ban that flag as well?
My thanks to Kathy Jxxxxxx for sending me this story.  BTW, she's from the South.
Dan  88!  

Friday, February 24, 2012

5 NYC Students Arrested By NYPD Every Day In School, 90 Percent Are Black Or Latino

Huffington Post

An average of 5 students were arrested each day in New York City schools during the last three months of 2011, new NYPD data reveals. And of those students, a staggering 90 percent were black or latino.
In accordance with the School Safety Act passed by City Council--which requires the NYPD to release the school arrest statistics every three months--the NYPD released this report showing that from October 1 to December 31 of 2011, 279 students were arrested and another 532 students were issued summonses, mostly for disorderly conduct.
Despite comprising only 29 percent of the student population, black students made up 60 percent of the arrests while latinos, made up 30 percent. 75 percent of those arrested were male.
Teenage demonstrators gathered outside One Police Plaza Wednesday, CBS reports, chanting "Dignity For All Students” and “More Books, No Cops.”
One student at the protest said, "You have wonder what is the number going to be for the whole school year and we need to ask ourselves 'Is this school safety? Is this the NYPD showing us that they're keeping us safe by arresting us and giving us court summons for the most minor things?"
New York Civil Liberties Union executive director Donna Lieberman said in a statement, “If the Bloomberg administration is truly serious about helping young men of color succeed, then they must address these disparities and focus more attention on educating children--not arresting them.” She continued, "We call on the mayor, the schools chancellor and the police commissioner to commission an independent audit of these incidents of arrests to assess whether these situations would be better handled by educators. And to find out what the impact has been on children who misbehaved and, as a result, were sent into the criminal justice system."
NYPD spokesman Paul Browne was quick to respond to the NYCLU's criticisms. "The NYCLU talks about arrests in schools but, conveniently, not crimes. There were 801 felonies in the schools last year, compared to 1,577 in 2001 before the current administration took office."
The last report on school arrests, released in November, revealed that during summer school in 2011, one student was arrested in New York every day, 94 percent of whom were Black or Latino.

Comment:

Now I'm not going to say Blacks and Latinos are inferior to Whites.  However, IF we are all equal, why are Blacks and Latinos making up 90% of student arrests?  Also bear in mind that Asians are NOT part of that percentage, which means 10% of the arrests are both White AND Asian.  This means Whites account for probably no more than seven or eight percent.

If it isn't racial, what accounts for this?  Maybe most of Jew York City's cops are openly racist?  In this day and age, I doubt it.  At least not to that degree.  There are some, I'm sure, but not enough to account for these arrest figures.

How about the fact that there are more poor Blacks and Latinos than Whites?  But even IF this is the reason they get into trouble more than Whites, it's not an acceptable excuse.  Just because you're poor, does not give you the right to commit acts of violence. theft, and selling drugs.  Poverty is irrelevant.  I live below the poverty level and I don't do violence, steal, or sell drugs.

Perhaps it's ignorance or lack of education?  Also unacceptable.  When I was growing up, my folks always said that you don't need to know why the law is the law, just obey it.  Like you don't need to understand why it's wrong to sell drugs.  The fact is you know selling drugs is illegal, whether you understand why it is or not, so you don't sell drugs or else you go to jail.  Simple as that.  Understanding the law is irrelevant.  You obey the law or risk arrest.  No if's, and's, or but's about it.

The main reason why 90% of student arrests are Blacks and Latinos is simply these people lack the self-control and social capabilities as Whites.  Here's a good example.  A couple of years ago here in San Bernardino, a White man woke up to find a neighbour he was having a dispute with bashing in his car with a crow bar.  He called the police.  The neighbour was arrested.  A few months ago, a Latino man found a neighbour he wasn't getting along with throwing trash in his front yard.  The Mestizo did NOT call the police.  He got a hand gun and went out and shot his neighbour (who survived, btw).  Because the man did not call the police, but handled the problem himself (in Mestizo culture, a real man handles his own problems and doesn't get someone else to do it for him), HE's the one under arrest for attempted murder, and the guy who dumped the trash on his lawn never saw a day of jail.  If that idiot Mexican had called the cops like any of us would have, it would have been the other way around.

Civilized behavior and self-control, intelligence, and accomplishments are what distinguishes the superior from the inferior, not skin colour.  So as to the question as to whether Whites are superior, that should be judged by our accomplishments, intelligence, and behavior, and not skin colour.  The skin is not the organ (yes, skin is considered an organ) that determines superiority or inferiority, it's the brain.

Dan  88!


Thursday, February 23, 2012

Inside An Actual Chinese Slave Labour Factory

By Bill Weir, Posted by Huffington Post


Following weeks of intense scrutiny of worker treatment at Apple's Chinese suppliers, the tech giant granted Nightline's Bill Weir unprecedented access to component-maker Foxconn. With over 1 million employees, Foxconn is one of the largest employers in mainland China, and makes parts for many technology companies including Intel, Dell, Nintendo, and, of course, Apple.
Weir, who toured a Foxconn factory in Shenzen, was struck by the insular lives of the 235,000 workers at Foxconn's Shenzen plant.
Many of the workers are teenagers (Weir noted that no one looked over 30) who had come from small villages to labor over high-tech gadgets for 12 hour-long shifts. Not only do they work at Foxconn, but many of them also live there. Weir toured the dormitories, where employees pay $17.50 a month to live seven to a room. According to Forbes,Foxconn employees make about $1.78 per hour.
When asked about their lives at the factory, Weir noted that many of the workers shared complaints similar to any worker: the pay is too low, the food prices too high and they get tired. When asked what she thinks about during work, one young mother of two told Weir, "A lot of the time I think about how tired I am. I think about resting."
Of course, it becomes obvious that working at Foxconn is not like working anywhere else, as soon as the infamous suicide nets come into view. These nets were installed between buildings after a spate of worker suicides in 2010. According to the segment, Apple CEO Tim Cook, then Apple's COO, flew to Shenzhen following the series of suicides and put together a team of experts to examine the issue, and these experts recommended installing the nets. There have been 18 worker suicides at Foxconn since 2010, which, according to Nightline, is well below China's national average.
Weir meets up with Auret van Heerdenan, President of the Fair Labor Association (FLA), an organization that Apple has asked to conduct "special voluntary audits" of the working conditions at its component makers' factories. The auditor says one thing he looks in the workers are simply signs of curiosity and liveliness, such as looking up when he walks by. According to Forbes, the FLA is expected to post the results of the audit in March.
Weir reported several facts about productivity at Foxconn's plant. According to his report, it takes five days and 325 hands to make an iPad and 141 steps to put together an iPhone. Weir notes he was surprised by how few machines were in place, and remarked that the gadgets seemed entirely assembled by hand.
Click on link to see actual videos and photos inside an Apple slave labour factory.  It's clean.  That's about the only good thing about it.  http://www.huffingtonpost.com/2012/02/22/nightline-apple-supplier-foxconn_n_1293393.html

Comment:

A lot of people's reaction to this story will be, "Well, I can't do anything about this."

Well, yes you can.  You can give up your little electronic toys, most of which you can well do without, and boycott ALL Apple products.  And not just Apple.  Any company that uses slave labour should be boycotted.  

Okay, I am well aware that the majority of American companies all use slaves to one degree or another.  I'm mainly talking about boycotting things that are basically toys, and not necessities.  For example, you wouldn't ever see me buying an iPhone, but since my finances are already stretched, if I need some clothes, I have to buy what costs the least even if that company also has facilities in China, and similar places.  But I won't buy crap that I can well do without from these places.

Comrades, change involves sacrifice.  If you aren't willing to give up anything, there will be no changes.  Next time you go shopping ask yourself, "Do I really need this, or do I just want this."  You may be surprised at how much you can really do without.  Don't tell yourself, "I work  hard.  I deserve a new iPhone."  That's exactly how the Judeo-Capitalists want you to think.  It comes straight out of Madison Ave.  Don't fall for their propaganda.    

Also, remember that for the people who make your little electronic toys, suicide may be their only way out.

Dan  88!

Wednesday, February 22, 2012

Banksters Wriggle Off The Hook - Yet Again!


Wall Street banks fraudulently and illegally foreclose on your house. You get $2,000. The bank gets let off the hook. We'd call that a bad deal.
And yet on Feb. 10, at the urging of the White House, federal regulators along with 49 state attorneys general announced a settlement deal for mortgage servicer abuse that does essentially that. It lets banks off the hook for widespread foreclosure fraud.
Press releases have trumpeted a $26 billion deal which may sound like a lot, but it's a paltry sum when you break down the numbers.
With an average mortgage of $180,000, and loan instruments executed illegally, a family that lost their home will get a check for just over 1% of the value of the mortgage. That is not a victory. The amount of money this deal makes available to help homeowners is an order of magnitude too small and incommensurate with the harm done by the banks.
The estimated $10-$20 billion in the deal for principal reduction would reduce only about 2% of the $700 billion in equity destroyed during the financial crisis. And the banks themselves will only pay $5 billion out of their own pocket. By far the lion's share of the cost will be borne by investors and taxpayers, who had no part in the robo-signing scandal. 
No doubt the deal is far better than the deal that was offered months ago. And this most certainly is a result of activism from members of CREDO and many of our allies in the progressive movement who worked with progressive attorneys general like New York's Eric Schneiderman, California's Kamala Harris, Delaware's Beau Biden, Massachusetts' Martha Coakley and Nevada's Catherine Cortez Masto to fight a bad deal.
But the final deal, while better, still can't be characterized as a good deal or even as a good first step towards real accountability for Wall Street banks.
The reported $26 billion settlement will not come close to inflicting any real pain on the banks all of which have already reserved the full amounts required from them under the deal. As Robert Reich said, the "$26 billion settlement with banks over mortgage fraud is far short of what they should pay and distressed home owners deserve."
One in five Americans with mortgages owe the banks more than their homes are worth, and these home owners are underwater by an average of $50,000 each. This is a collective negative equity of nearly $700 billion.
Consider the $700 billion bailout of Wall Street paid for by U.S. taxpayers and the more than $1.2 trillion in loans provided by the Federal Reserve to Wall Street banks. Or another way to put the deal in perspective is to compare it to the tobacco industry settlement in 1998 — the largest previous multi-state agreement. That deal was worth $350 billion in today's dollars — more than ten times the size of the mortgage deal.
And that's not even all that's wrong with this deal. The federal government's track record for enforcing settlement terms with Wall Street banks is abysmal. Furthermore, even if the banks follow the terms of the deal, it's quite possible than when all is said and done, not only will the banks have suffered no pain, they may actually come out having profited from their illegal schemes to rip off homeowners. According to the Consumer Financial Protection Bureau, the largest mortgage banks saved $20 billion by taking illegal shortcuts — an amount far greater than the $5 billion out of pocket they will be required to pay in this deal.
All of which adds up to a scenario in which this settlement does literally nothing to deter the banks from engaging in the same fraudulent behavior in the future.
Senator Dick Durbin famously said the Wall Street banks own the politicians in Washington, DC. Today, this could not be more clearly true as we closely examine the deal that the Obama administration cut with Wall Street and pressured state attorneys general to sign.
There has yet to be a full investigation of the robo-signing scandal despite what Reuters called "copious evidence" of "widespread forgery, perjury, obstruction of justice, and illegal foreclosures...." 
By establishing settlement terms before there has been any meaningful investigation, the deal whitewashes the widespread lawlessness of the banks and virtually ensures that no bankers will be held criminally responsible for their part in the robo-signing scandal and foreclosure fraud.
Though the exact terms of the settlement have not been disclosed, we understand that it will not cut off other important avenues to hold the banks accountable. New York Attorney General Eric Schneiderman is co-chairing a federal task force that if fully resourced and left to operate unhindered by the White House could achieve hundreds of billions in reduced principal for underwater homeowners and criminal indictments for bankers who broke the law and helped drive our economy off a cliff. And other state attorneys general can continue investigating Wall Street's role in causing the housing crisis to ensure that the banks that caused the crisis are held accountable for their wrongdoing.
This is the biggest case of fraud in our history. Homeowners deserve justice for crimes committed against them by Wall Street banks that in many cases literally stole their homes from underneath them. Unfortunately, yesterday's settlement doesn't even provide anything close to a down payment on justice.
As the election season heats up, we must be insistent about real accountability for Wall Street crooks. Pressure from activists like us will be even more important in the days to come if we are to achieve any real measure of accountability for Wall Street bankers who profited from their crimes and left the 99% to pay to the price for their reckless disregard.
Becky Bond, Political Director 

Comment:
Gee, ain't that a surprise?  The banksters wriggle off the hook with a slap on the hand while they are still being allowed to take people's homes because of a crisis THEY caused.  Well, that's Capitalism, and Capitalism is the American way, right?
It never ceases to amaze me how so many people literally cringed at the sound of the word "Socialism".  I hear things like, "Socialism is un-American."  "Socialism is Communism."  And so forth.  It doesn't matter whether you're talking about Marxist Socialism, Socialist Democracy, or National Socialism.  They all contain the word Socialism in one form or another, and they think that automatically makes it un-American.
These same people also get mad at the banks when they pull crap like this.  They disapprove of honest, hard working people losing their homes to the very banks they put their trust in.  Well, I got news for these idiots.  THAT IS THE AMERICAN WAY!  Whether they realize it or not, they are supporting the very system that is allowing the banks to get away with this.
Comrades, we have more to do than simply hand out literature.  We have to educate the people to the fact that National Socialism is NOT the enemy of the American way of life - unless the way of life they are trying to preserve is the wealthy exploiting the poor for profit.
I also think part of it is that too many people still believe that America is still the "Land Of Opportunity" and anyone can make his fortune if he's willing to work hard enough.  I have a question for them.  I know several people who have to work a full time job and a part time job, plus their wives also work full time just to support their families.  They work hard right, so why haven't they "made their fortunes" yet?
We must make them understand that the America they believe this country to be is an illusion.  You have to have money, to make money.  Oh, there are flukes that happen every decade or so, like Steve Jobs and Steve Wozniak starting a successful company in their garage, or the kid who invented the razor scooter when he was only 16.  Then of course there is the lottery.  But these are not typical cases.  These are, like I said just lucky flukes that happen to a few people every several years or so, but they are not the norm.  And let's not forget in the case of the lottery, when you go to pick up your winnings (big winnings, not small ones) the IRS is literally waiting for you.
Capitalism WOULD be a great system IF we could count on everyone playing fairly and by the rules, and not exploiting the poor, and screwing the little guy.  But then again, that's kind of an oxymoron, because Capitalism cannot work WITHOUT exploitation, and screwing people any which way you can.
There are already many many people who are completely disillusioned by the system.  These are the people we must educate about the virtues of National Socialism.  
The ones who still believe in the "pie in the sky" America that anyone can make his fortune, we must educate them on how the system is specifically set up to PREVENT them from doing this.  Once they understand the truth about what America has become, then we can extol the benefits of National Socialism.  Until we do this, NS will always be un-American to these misguided people.
Dan  88!