World-News

U.S. Attorney General Eric Holder and Lanny Breuer, head of the Justice Departments' criminal division, were partners for years at a Washington law firm that represented a Whos' Who of big banks and other companies at the center of alleged foreclosure fraud, a Reuters inquiry shows.

http://reut.rs/yaZ48D



FDA Panelists Had Ties to Bayer

Food and Drug Administration advisers, in a recent vote, said the benefits of four popular Bayer AG birth-control pills outweigh the blood-clot risk. What the FDA didn t disclose is that three of the advisers have had ties to Bayer, serving as consultants, speakers or researchers.

http://on.wsj.com/A7bAUv


From Information Clearing House

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The Power to Break Up the Big Banks

Micah Hauptman, Public Citizen: ''If regulators do their jobs properly, the resulting institutions should be simpler, smaller, and safer. Those firms would be less likely to fail and less dangerous in the event that they do. Take Bank of America, for example. In its current form, it is a 'grave threat' by any reasonable definition of that phrase. On Wednesday, Public Citizen filed a petition with financial regulators, calling on them to break up the bank and reform it.''

http://www.truth-out.org/power-break-big-banks/1327684424



John Reed on Big Banks' Power and Influence

Video

Bill Moyers, Moyers & Co.: 'Bill Moyers talks with former Citigroup Chairman John Reed to explore a momentous instance: how the mid-90 s merger of Citicorp and Travelers Group and a friendly Presidential pen brought down the Glass-Steagall Act, a crucial firewall between banks and investment firms which had protected consumers from financial calamity since the aftermath of the Great Depression. In effect, says Moyers, they put the watchdog to sleep.''

http://www.truth-out.org/bill-moyers-john-reed-big-banks-power-and-influence/1328108463



Glass-Steagall Now: Because the Banks Own Washington

Dean Baker, Campaign for America s Future: What is striking about the argument on re-instating Glass-Steagall is that there really is no downside. Senators are on the right track pushing for a new Glass-Steagall, and the public should hope that bankers' lobby doesn t derail their efforts.

http://www.truth-out.org/opinion/item/18072-glass-steagall-now-because-the-banks-own-washington



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