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Showing posts with label Dylan Ratigan. Show all posts
Showing posts with label Dylan Ratigan. Show all posts

Wednesday, June 15, 2011

America for Sale: Is Goldman Sachs Buying Your City?

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Dylan Ratigan
Huffington Post

In Chicago, it's the sale of parking meters to the sovereign wealth fund of Abu Dhabi. In Indiana, it's the sale of the northern toll road to a Spanish and Australian joint venture. In Wisconsin it's public health and food programs, in California it's libraries. It's water treatment plants, schools, toll roads, airports, and power plants. It's Amtrak. There are revolving doors of corrupt politicians, big banks, and rating agencies. There are conflicts of interest. It's bipartisan.

And it's coming to a city near you -- it may already be there. We're talking about the sale of public assets to private investors. You may have heard of one-off deals, but what we'll be exploring with the Huffington Post is the scale and scope of what is a national and organized campaign to shift the way we govern ourselves. In an era of increasingly stretched local and state budgets, privatization of public assets may be so tempting to local politicians that the trend seems unstoppable. Yet, public outrage has stopped and slowed a number of initiatives.

Wednesday, May 18, 2011

Debt Ceiling Politics: Fearocracy or Democracy?

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Dylan Ratigan
Huffington Post

Osama Bin Laden's death cast the fear in our politics into stark relief. One of the weirdest cultural reactions after the announcement of his killing was how the Miley Cyrus song "Party in the U.S.A" got a renewed lease on life on Youtube. That song became the unofficial anthem marking the moment. I thought at the time that the partying was mindless cheering, a sports-like spectacle over something somber and important. Yet, while I think it's generally awful to glorify killing, even in righteousness, with some more time to reflect I've changed my mind.

For over a decade, we've been running our politics on fear so often that it's hardly noticeable. Take the debt ceiling kabuki -- catastrophic economic consequences if we don't raise the ceiling, the end of America if we don't cut entitlements. This kind of fear-mongering is exactly how the banks justify any and everything to bail them out. And it's disguising the actual problems we have as a nation, the six industries strangling our freedom: health care, banking, agribusiness, defense, energy, and telecom.

The people who made "Party in the U.S.A" a hit song, twice, are mostly kids who have known nothing but a fear-based dialogue from leaders that ignore their lives and their real problems in favor of slogans about the global war on terror. There are ten-year-olds who have never lived in an America at peace, and 18-year-old soldiers that barely remember when we weren't trying to occupy Afghanistan. This is a generation that grew up on fear, and fear is very powerful.

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Wednesday, April 6, 2011

Ratigan to Ron Paul: 'Don't You Have an Obligation to Run for President?' (Video)

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Activist Post

Ron Paul appears with Dylan Ratigan on April 5th, 2011 to discuss the budget cut debate and foreign policy.  Paul says the budget debate is a joke and "nothing compared to the calamity that we face."  Ratigan, as if pleading with Paul at the end of the interview, asks "Don't you have an obligation to run for President?





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Friday, March 18, 2011

Rescue Choppers Or Corporate Jets? The Biggest Fraud Of All



Japan devastation/AFP image
Dylan Ratigan
Daily Bail

I've been glued to my TV and computer all weekend watching the horrors unfold in Japan. I don't know very much about the Japanese budgetary situation, how much the clean-up is going to cost, etc. But I know that no one in Japan right now is worrying about the Japanese budget deficit, or whether there is any waste in the emergency services departments of local or national governments, or whether the emergency shelters holding millions of people could be provided any cheaper. At times like this, people are desperately hoping that someone can save their friends, family, and make sure that supplies move to people who need them.

And in all the footage of people being saved, I haven't seen one mega-bank rescue anyone. I saw help from a lot of volunteers, firemen, rescue workers, doctors, nurses, etc. But not one bank. And that was true during snowstorms in North Dakota, the floods in New Orleans, and the earthquake in Haiti. Oddly, though the banks are sucking up enormous amounts of our budgetary resources, they don't own rescue helicopters, they don't track earthquakes, they don't study tsunamis, and they don't deal with radiation poisoning.

Friday, October 8, 2010

Property Rights Gone Wrong

Dylan Ratigan
Huffington Post

Most mortgages in America are now backed by our government. And in order for a bank to get that backing from our government it must fill two criteria:

1. The borrowers must be verified by the banks and their agents as qualified.

2. Lenders must fill out paperwork accurately and make sure that when the home's title changes hands, so does the documentation.

But in the past two decades, a whole lot of the time, that never happened.

Why?

For banks and servicers, the motive was money. Banks profited by packaging and selling those toxic home loans. Then they profited again by betting against those same securities. A bet, in essence, that a fraudulent loan wouldn't be paid back.

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