LIBOR lies defraud billions, yes; but essential ‘bank’ fraud costs 99% trillions every year

Here are three stories to understand about criminal US economics: LIBOR criminal fraud that costs US local government agencies billions. Essential bank fraud that private corporations have authority to issue credit/loans to maximize their own profit rather than debt-free money and public at-cost credit. This annually costs trillions to the 99%. Essential fraud in government […]

11-minute Matt Taibbi video: LIBOR crime defrauded trillions from 99% to 1%

Interview and video from Democracy Now! London Interbank Offered Rate (LIBOR) is the average interest rate banks charge to borrow from each other. Quotes from Matt in the interview: “Ordinary people actually suffered when Libor was manipulated downward, mainly because local governments, municipal governments tended to lose money. Even the tiniest manipulation downward, when you’re […]

Insider trading and shareholder lawsuits at for profit colleges: AN UPDATE

On April 27, 2012 the article : Insider trading probe at University of Phoenix: Washington Post Company stock sales also seen as suspect reported ( that Apollo Group, the parent company of University of Phoenix, was under investigation by the SEC for possible unlawful insider trading activities. The article also reported on several large […]

The California State University System gives ten percent raises to campus presidents while students suffer austerity

Picture of students protesting CSU president pay increases and tuition and fee increases The California State University Board of Trustees on Tuesday approved pay raises for several incoming campus presidents in face of lack of classes, tuition and fee hikes, lack of access to the 23 campuses and lack of educational resources.  The CSU system […]

Railroaded: CA Governor Brown wields austerity axe while forcing voters to decide on high speed rail

The following is from Steve Miller: Steven Miller has taught science in Oakland’s Flatland high schools for 25 years. He writes about the corporate agenda of austerity and privatization of public education and public resources. Back in March, the CFT dropped the Millionaires’ Tax and agreed to support a compromise proposition with Governor Jerry Brown. […]

IRS Examining Charter Schools and the for-profit tax consulting firms are rubbing their hands in delight

Rothgerber Johnson & Lyons LLP has a team of attorneys dedicated to serving all aspects of charter school operations, from formation, to tax qualification, to charter school financing, to personnel and operational issues. A reader sent the following article about IRS scrutiny of the financial management of charters, especially for-profit management companies. Alert: Increased […]

Asset holes: US ‘leadership’ in money, credit, and CAFR surplus trillions

US systems of money, credit, and CAFR so-called “accounting” are designed by a 1% psychopath class to parasitize wealth from the 99%. The 1% are literal asset holes to the 99%. “Psychopath” is also a literal and academic term to describe this behavior: a veneer of socially appropriate behavior attempting to cover viciously destructive acts. […]

Over 100,000 Local Teaching Jobs Have Been Lost In The Last Year and with Cyber distance learning and austerity, expect more and more

 From BusinessInsider reporter: Joe Weisenthal Joe Weisenthal | Jul. 6, 2012, 8:59 AM One major cause of the unemployment crisis. Ongoing cuts at the state and local level. According to the latest BLS report (page 30 of this pdf), local education jobs dropped by 14 in the last month, and over the last year, […]

PRIVATIZATION IS A KILLER: Zombie Takeover at the UC Regents’ Meeting

    Come out with us to protest the Regents’ most recent plans to consider a 20.3% fee hike for the Fall if Gov. Jerry Brown’s tax initiative (Prop 30) is not approved by voters. Let them know enough is enough! We refuse to have the budget balanced on the backs of students and workers, […]