Declare Your Independence With Ernest Hancock Afternoon July 16th 2010 
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Subject:  Declare Your Independence with Ernest Hancock

Declare Your Independence With Ernest Hancock Afternoon July 16th 2010

Lauren Canario - Free Activist Standing Up To "THE MAN" ( or sitting down - getting arrested for sitting on a porch of one of the condemned buildings) / Thomas Ferguson - is professor of political science at the University of Massachusetts, Boston

Program Date:  Friday, July 16, 2010

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Host: nest Hancock
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Website: www.ernesthancock.com

Declare Your Independence with Ernest Hancock strives to create an understanding of the Philosophy of Liberty. Understanding is far more important than agreement -- that will come in its own time.


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Friday July 16th 2010
 
 
Lauren Canario - Free Activist Standing Up To "THE MAN" ( or sitting down -  getting arrested for sitting on a porch of one of the condemned buildings)
 
In the past I have brought attention to the tyranny of the state by:
 * moving in to "eminant domain central" the mostly-demolished neighborhood of Susette Kelo in New London, CT in 2005;
   
* getting arrested for sitting on a porch of one of the condemned buildings;
   
* refusing to assist the police in my own arrests by walking, or talking;
   
* dressing as a Soviet border guard at an anti-real ID rally in Concord, NH and goose stepping for the cameras;
   
* getting arrested for crossing a roadblock to tax protesters Ed and Elaine Brown's benefit concert;
   
* getting arrested for not having a driver's license in 2007.
 
===============
 
 
===============
 
   Ferguson is professor of political science at the University of
Massachusetts, Boston and a senior fellow of the Roosevelt Institute. He
said today: "This whole business reminds me of the old Bob Hope line: 'You
can fool some of the people all of the time and all the people some of the
time, but you can't fool all the people all of the time -- and that's why
we have a two-party system.' The Republicans opposed this bill almost
completely. The Democrats brought in a bill that was critical of some Wall
Street practices, and are hyping it now as a legislative milestone of
almost Rooseveltian dimensions -- the president actually compared it to the
Glass-Steagall Act (which separated commercial and investment backing back
in 1933), which is ridiculous.
    "The bill makes some marginal changes, but it does not attack the
fundamental problems that got us into the disaster of 2008. It just ducks
the too-big-to-fail problem. The large banks will continue to dominate the
derivatives business, as only portions of that move to clearinghouses or
exchanges. In fact, the legislation is going to lock in the positions of
the largest banks. At the start of the crisis, the four largest had about
40 percent of all deposits; now they hold something like 56 percent. That
will probably only increase, with all that implies for consumer choice. The
legislation creates a new council of the regulators, who are precisely the
people who failed in the years before 2008. There is a consumer product
safety agency that's to be established, but it's in the Federal Reserve,
which simply hates consumer product safety. And the auto dealers got
exempted from regulation.
    "It's easy to understand why Sen. Russ Feingold said he just could not
vote for this bill -- but you may get a worse bill under another Congress.
The very same Congress that's pushed this bill through at a snail's pace
also created the Angelides Commission, which is supposed to inquire into
what happened and why. This, of course, is not going to report until after
the November elections. And so right from the beginning you knew the folks
who were pushing this bill were not serious. I mean, that is to say, if
they learned anything from the Commission, they weren't planning to use it
in the bill. But they were planning to take in record amounts of campaign
contributions and allow lobbyists to go wild offering them the sun, the
moon, and the stars."
 
 
 
 
 
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Friday July 16th 2010
 
 
Lauren Canario - Free Activist Standing Up To "THE MAN" ( or sitting down -  getting arrested for sitting on a porch of one of the condemned buildings)
 
In the past I have brought attention to the tyranny of the state by:
 * moving in to "eminant domain central" the mostly-demolished neighborhood of Susette Kelo in New London, CT in 2005;
   
* getting arrested for sitting on a porch of one of the condemned buildings;
   
* refusing to assist the police in my own arrests by walking, or talking;
   
* dressing as a Soviet border guard at an anti-real ID rally in Concord, NH and goose stepping for the cameras;
   
* getting arrested for crossing a roadblock to tax protesters Ed and Elaine Brown's benefit concert;
   
* getting arrested for not having a driver's license in 2007.
 
===============
 
 
===============
 
   Ferguson is professor of political science at the University of
Massachusetts, Boston and a senior fellow of the Roosevelt Institute. He
said today: "This whole business reminds me of the old Bob Hope line: 'You
can fool some of the people all of the time and all the people some of the
time, but you can't fool all the people all of the time -- and that's why
we have a two-party system.' The Republicans opposed this bill almost
completely. The Democrats brought in a bill that was critical of some Wall
Street practices, and are hyping it now as a legislative milestone of
almost Rooseveltian dimensions -- the president actually compared it to the
Glass-Steagall Act (which separated commercial and investment backing back
in 1933), which is ridiculous.
    "The bill makes some marginal changes, but it does not attack the
fundamental problems that got us into the disaster of 2008. It just ducks
the too-big-to-fail problem. The large banks will continue to dominate the
derivatives business, as only portions of that move to clearinghouses or
exchanges. In fact, the legislation is going to lock in the positions of
the largest banks. At the start of the crisis, the four largest had about
40 percent of all deposits; now they hold something like 56 percent. That
will probably only increase, with all that implies for consumer choice. The
legislation creates a new council of the regulators, who are precisely the
people who failed in the years before 2008. There is a consumer product
safety agency that's to be established, but it's in the Feder

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