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The Banksters are getting off easy...
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The banksters could be forced to pay tens of billions of dollars more in settlements for crashing our economy. But, these fees are just a small fraction of the price that American taxpayers paid for the economic collapse. So far, the too-big-to-fail banks have forked out about $80 billion dollars in legal fees related to the crisis, and the ratings agencies predict that the banksters will be on the hook for another 50 to 100 billion.
 
Although that sounds like a lot, it's simply a drop in the bucket compared to the $6 trillion dollars that their gambling cost our economy. And, many of these settlements were so-called "no-admit-no-deny" agreements that did not even require the banksters to admit to their crimes. To make matters even worse, many of these settlements could be written off of banks' taxes, which means that the actual amount that banksters are responsible for is even less than that $80 billion.
 
The vast majority of the cost of the last economic collapse fell to the taxpayers, and the too-big-to-fail banks have been able to consider their fees as just another cost of doing business. And, most of our lawmakers aren't doing much to prevent the next crash, let alone hold the banksters accountable for the last one. As Senator Elizabeth Warren says, the system is rigged, and Americans are fed up with the banking oligopoly. If we want any chance at stopping the next economic meltdown, we must break up the banks, and start throwing the banksters in jail for their crimes.
 
-Thom
 
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The Big Picture (small)
Tonight on The Big Picture on RT TV at 7pm and 9pm... Big Picture Politics Panel (check your local listings for stations or stream at RT, and catch past shows on Youtube)
 
Get your copy of Thom's new book, The Crash of 2016, today and click here for tour dates & events!
 
Watch the video 'Last Hours' narrated by Thom Hartmann about the "time bomb" that is ticking underground, underwater and under ice... frozen methane that is now escaping and could trigger runaway climate change. www.lasthours.org
 
Have a question or comment for Thom? Grab your phone, hit record and send your video to YourTakeMyTake@gmail.com and we may air it on "The Big Picture."
 
In for Thom tonight, please welcome RT Political Commentator Sam Sacks
 
Big Picture Politics Panel:
- Francesca Chambers, Red Alert Politics  Twitter  Twitter
- Nate Sweet, Progressive Commentator  Twitter
- David Laska, New York Republican State Committee  Twitter
 
Daily Take: Without Reagan's treason Iran would not be a problem
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Monday's Daily Stack Daily Stack
Hour One: Should we end presidential term limits?
- Professor Jonathan Zimmerman, New York University Twitter
Article: "End presidential term limits" by Jonathan Zimmerman.
Article: "22nd Amendment".
Case: "Marbury v. Madison", 1803 (judicial review).
 
The Big Picture
- Andrew Campbell, The Big Picture producer
Article: "Should Toy Guns Be More Strictly Regulated?" by Dain Fitzgerald.
 
Plus, the case FOR term limits
- Peter Schiff, The Peter Schiff Radio Show Twitter
Quote: "A Republic, if you can keep it" - Benjamin Franklin (1706-90).
 
Article: "17th Amendment. "The Senate of the United States shall be composed of two Senators from each State, elected by the people thereof..."
Article: "John Hanson" by Wikipedia.

Hour Two: Dear Conservative Alternet Trolls: America is NOT a Capitalist Country
Speech: "Social and Industrial Justice" by Theodore Roosevelt, Before the Convention of the National Progressive Party in Chicago, August, 1912. "We stand for a living wage"
Article: "The Articles of Confederation - Article 5" by Sandi Bradley.
 
The good: Bay State Repeal: "Group wants to give Massachusetts voters a chance to legalize pot" by Travis Gettys.
The bad: The Republican National Committee: "GOP Claims Racism Is Over In Misguided Rosa Parks Tribute".
The very, very ugly: Republican Lawmakers: "Video mash-up shows Republicans citing the Bible to oppose climate change action" by Eric W. Dolan.
Article: "ECB warns on external risks to eurozone financial system" by Claire Jones and Sam Fleming in London and Robin Harding in Washington.
 
Talk Radio News Segment:
- Victoria Jones Twitter
Article: "TRNS News Notes - 12/2" by Victoria Jones.

Hour Three: The banksters are now setting up The Crash of 2016
Law: Gramm-Leach-Bliley Act (1999) (Financial Services Modernization Act Of 1999).
Article: "Tomgram: Wall Street's Rental Empire" by Laura Gottesdiener.
 
Book: "Conservatives Without Conscience" by John W. Dean.
Article: "The Dutch Tulip Bubble of 1637" by Cynthia Wood.
Article: "South Sea Bubble".
 
Stamps/com        Free Speech TV
Tuesday on The Thom Hartmann Program, 3-6pm ET 
Hour One: Why is left wing media silent about the real reason why Detroit is bankrupt and why healthcare.gov was overloaded?
 
Hour Two: Student loan debt, McJobs & no healthcare...is 'youth with dignity' possible?
 
Hour Three: Obamacare is working...what's your story?
 
And, the best of the rest of the news and your calls right here on...
 
The Thom Hartmann Program...your media support group for "we the people"...
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Wednesday on The Thom Hartmann Program, 3-6pm ET 
 
We'll have all the news & information you won't hear from the corporate owned news media...
 
Plus your calls right here on...
 
The Thom Hartmann Program
 
And, the best of the rest of the news along with your calls right here on...
 
The Thom Hartmann Program...
 
And don't forget...Democracy is NOT a spectator sport...it begins with you...
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The Thom Hartmann Program
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Full Show 12/2/13: The Banksters Are Setting Up the Crash of 2016
Full Show 12/2/13: The Banksters Are Setting Up the Crash of 2016

Thom discusses the upcoming fast food strike with McDonald's worker Marielle Crowley, "free" trade with Public Citizen's Lori Wallach and veterans issues with Actress and Activist Melissa Fitzgerald. In tonight's "Daily Take" Thom discusses how the banksters have already set up the crash of 2016.


Thom Hartmann on the News: December 2, 2013
Thom Hartmann on the News: December 2, 2013

Caller: The Loop of Capitalism has Been Broken by Elitists
Caller: The Loop of Capitalism has Been Broken by Elitists

The Banksters are now Setting up The Crash of 2016
The Banksters are now Setting up The Crash of 2016

Dear Conservative Alternet Trolls: America is NOT a Capitalist Country
Dear Conservative Alternet Trolls: America is NOT a Capitalist Country

Caller:  A Different way of Doing Term Limits
Caller: A Different way of Doing Term Limits

The case FOR term limits...
The case FOR term limits...

Should we End Presidential Term Limits?
Should we End Presidential Term Limits?
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