Bernie Sanders: „Wall Street is based on fraud“

Bernie Sanders:
„Wall Street is based on fraud“
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U.S. Sen. Bernie Sanders said a $5 billion legal settlement with Goldman Sachs over the sale of junk securities before the 2008 financial crisis is the latest evidence that the business model on Wall Street is fraud.
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“Goldman Sachs is one of the major financial institutions in our country.
What they have just acknowledged to the whole world is that their system…is based on fraud,”
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Sanders told an armory packed with supports at one of three rallies as he crisscrossed New York.
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The deal announced by the Justice Department in Washington, D.C., spared individuals from prosecution.
Sanders called that an example of “the corruption of our criminal justice system.”
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The settlement involved the sale of mortgage-backed securities before the housing bubble burst and led to the Great Recession.
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Source:
Press Release by Bernie Sanders
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Bernie Sanders: „It is time to ban fracking“

Bernie Sanders:
„It is time to ban fracking“
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U.S. Sen. Bernie Sanders on Monday contrasted his call for a nationwide ban on fracking to Hillary Clinton’s shifting stand on the extreme and risky method of drilling for oil and gas.
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Sanders also began airing a new television ad on fracking calling him the only candidate for president who would ban fracking everywhere.
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“The growing body of evidence tells us
that fracking is a danger to our water supply,
our most precious resource.
It is a danger to the air we breathe.
It has resulted in more earthquakes.
It is highly explosive.
And it is contributing to climate change,”
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Sanders told 5,000 supporters inside Veterans Memorial Arena here in the Southern Tier region of New York known as the “fracking belt.”
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New York and Sanders’ home state of Vermont have banned fracking. There’s a moratorium on the drilling technique in Maryland.
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“I want to applaud you for standing up to Gov. Cuomo and demanding that New York state ban fracking,”
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Sanders told the audience. But he added:
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“If we are serious, we need to put an end to fracking not only in New York and Vermont but all over this country.”
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The toxic chemicals used in fracking are known to cause cancer and birth defects, he said.
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“We cannot,
we must not allow our children
to be poisoned by toxic drinking water
just so a handful of fossil fuel companies can make even more profits,”
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Sanders added.
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Sanders also noted that Clinton promoted fracking overseas when she was secretary of state. He called their records on fracking and other environmental issues one of the “very important differences” between the candidates for the Democratic Party presidential nomination.
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He also noted other differences with Clinton on climate change and the environment. Sanders led the fight to stop the Keystone XL pipeline to transport “some of the dirtiest fuel on the planet” from Canada’s tar sands region to Gulf Coast refineries. She was a latecomer to opposing the controversial pipeline’s construction. He has introduced legislation calling for a carbon tax to discourage use of greenhouse-gas emitting fossil fuels that cause climate change. She doesn’t support a carbon tax. He consistently opposed offshore drilling. Clinton has not. He would end leases for the extraction of fossil fuel on public lands. Clinton would not.
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“If we are going to leave this planet in a way that is healthy and habitable for future generations we need bold action now,”
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Sanders said.
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Source:
Bernie Sanders
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Emergency-meeting: FED im Panik-Modus ??

Emergency-meeting:
FED im Panik-Modus ??
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Hat jemand den „roten Knopf“ betätigt oder warum wurde am Donnerstag -eigentlich völlig überraschend- für heute (11.April) eine Notfall-Sitzung des Boards of Governors einberufen ?
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Entpuppt sich das vor 8 Wochen von der Atlanta Fed prognostizierte BIP-Wachstum von 2,5 %, welches am 11. März auf 2,3 % reduziert wurde als Chimäre ?
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Während der letzten vier Wochen mussten die Schnurgel der Atlanta Fed ihre „heile-Welt-Prognose“ auf beängstigende 0,1 % revidieren, was einen überdeutlichen Wendepunkt immer wieder behaupteter prosperierender US-Wirschaftsdaten darstellt.
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Die Geschwindigkeit dieser Erosion ist schon alleine deshalb erschreckend, weil damit auch den letzten Optimisten klar werden dürfte, dass das Gespenst einer veritablen Rezession für jedermann sichtbar wird.
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Für heute Abend ist jedenfalls ganz großes Kino angesagt !
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Bis dahin wird man sich an der Wallstreet mit reichlich Popcorn und sonstigen Tranquillizern eindecken, um mit Spannung zu erleben, wie sich Yellen -die sich heute noch mit Obama trifft- und ihr Board aus dieser Nummer herauswinden will.
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Ihr Oeconomicus
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Quellen und korrespondierende Meldungen:
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zerohedge
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10.04.2016
Peter Schiff: „economic recovery is just not real“
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07.04.2016
Federal Reserve Chart: U.S. Economy NO GROWTH in 2016!
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05.04.2016
CNBC: Economy may not have grown at all in first quarter
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