Banks Bailout – Accountability

January 11, 2009

It’s been a quarter since the banks bailout. The purpose of the bailout was to stimulate the economy by relieving the financial markets from liquidity crisis.

At least, that was the explanation offered by the Treasury Department and the Federal Reserve at the time of request.

They demanded that Congress approve the bailout to a tune of $700 billion as an emergency measure to avert the collapse of the financial market.

There were few stipulations to the approval of the bailout. The general expectation was to revive the housing market with a moratorium on foreclosures and overhauling of the existing loan programs to assist homeowners with affordable payments and ease the decline of the housing prices nationwide.

The other alternative to the housing market crisis was to utilize the bailout drawdown towards restructuring of the mortgage backed securities by allowing default homeowners dealing with foreclosures to refinance at the existing lowest market rate for a fixed period of two years, substituting the amount in the new economic stimulus package by President-elect Obama.

Despite financial bailout by taxpayers, the economic situation is deteriorating with the current unemployment soaring to 7.2 percent exceeding the Depression era. The criticism entirely directed towards government intervention in the revival process.

However, it is worth remembering that lack of oversight and accountability led the financial institutions to a dire state in the free market economy. The corporate executives as the beneficiaries have been responsible for the dysfunctional financial system even though none of them held accountable thus far.

The current administration assured taxpayers that financial bailout targets liquidity in the credit market, housing market decline particularly foreclosures, buy-back mortgage securities held as major liabilities on the banks’ financial reports and ease their burden to facilitate lending to homeowners and small businesses.

If the strategy followed through, it could have reduced the heat on the economy and set the pace for recovery.

In the absence of commitment by the banks, it would be appropriate for taxpayers to demand that the financial institutions release the funds towards lending and contribute to the economic stimulation as agreed to by them.

Failure to adhere to the agreement will result in the blockade of the remaining $350 billion that would be appropriated towards economic stimulus proposal by President-elect Obama.

In addition, the taxpayers’ also reserve the right to demand that the beneficiaries of the bailout return the earlier withdrawal currently hoarded for their undisclosed agenda with interest higher than the market rate.

It is time for checks and balances on the drawdown of $350 billion to various financial institutions.

Checks and Balances:

Have the objectives been achieved?

Is there an oversight committee on the financial bailout as agreed to the taxpayers?

Did the banks provide details of the secured amount to the taxpayers or the oversight committee?

Please be sure to read the articles presented below as they confirm the reality.

Thank you.

Padmini Arhant

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First and foremost, the beneficiaries of the bailout are:

As per http://moneynews.newsmax.com/streettalk/bailout_half_gone/2008/11/12/150364.html

Street Talk – Thank you.

Who Got Bailout Money So Far?

Wednesday, November 12, 2008 9:09 AM

"The Treasury Department’s $700 billion bailout plan, also known as the Troubled Asset Relief Program (TARP), is one of the main U.S. tools to address the financial crisis.

The Treasury Department on October 14 set aside $250 billion of the program to buy senior preferred shares and warrants in banks, thrifts and other financial institutions.

Half that money was allocated to nine big banks, the Treasury Department has said.

Another $38 billion has since been earmarked for regional or small banks, according to statements from individual banks.

On Monday, the department announced its single-biggest TARP investment — $40 billion in American International Group — which the government said would not come from the $250 billion bank capital program.

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The TARP has so far committed the following funding:

AIG $40 billion

JPMorgan $25 billion

Citigroup $25 billion

Wells Fargo $25 billion

Bank of America $15 billion

Merrill Lynch $10 billion

Goldman Sachs $10 billion

Morgan Stanley $10 billion

PNC Financial Services $7.7 billion

Bank of New York Mellon $3 billion

State Street Corp $2 billion

Capital One Financial $3.55 billion

Fifth Third Bancorp $3.45 billion

Regions Financial $3.5 billion

SunTrust Banks $3.5 billion

BB&T Corp $3.1 billion

KeyCorp $2.5 billion

Comerica $2.25 billion

Marshall & Ilsley Corp $1.7 billion

Northern Trust Corp $1.5 billion

Huntington Bancshares $1.4 billion

Zions Bancorp $1.4 billion

First Horizon National $866 million

City National Corp $395 million

Valley National Bancorp $330 million

UCBH Holdings Inc $298 million

Umpqua Holdings Corp $214 million

Washington Federal $200 million

First Niagara Financial $186 million

HF Financial Corp $25 million

Bank of Commerce $17 million

TOTAL: $203.08 billion

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INSURANCE COMPANIES

In addition to the TARP program’s $40 billion capital injection into AIG, the Federal Reserve is providing the company with up to $112.5 billion in separate loans and funds for asset purchases.
Aid to the huge insurance company came after counterparties and rating downgrades forced AIG to post large amounts of collateral for its credit derivatives positions.
Some other insurers are interested in cash infusions, but must own a thrift or bank in order to qualify under the terms of Treasury’s current capital injection program.

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BANKS, LENDERS

The TARP program set a November 14 deadline for smaller banks to apply for capital injection funds remaining in the pool of $250 billion. The deadline will be extended for non-publicly traded banks.

The government’s preferred shares will pay dividends of 5 percent annually for the first five years and 9 percent after that until the institution repurchases them. Participating banks must comply with Treasury restrictions on executive compensation, which limit tax deductibility of senior executive pay to $500,000.

They require bonuses to be "clawed back" if earnings statements or gains are later proven to be materially inaccurate and prohibit "golden parachute" payments to senior executives.”

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The following article has the response for all of the above issues:

December 23, 2008.

Economy in Crisis: By Matt Apuzzo, Associated Press, Washington – Thank you

Banks mum on bailout spending – They Refuse to provide Accounting

Elizabeth Warren, the congressional watchdog, appointed by Democrats—

“It takes a lot of nerve for banks not to give answers, she says.”

Think you could borrow money from a bank without saying what you were going to do with it?

Well, apparently when banks borrow from you they don’t feel the same need to say how the money is spent.

After receiving billions in aid from U.S. taxpayers, the nation’s largest banks say they can’t track exactly how they’re spending it. Some won’t even talk about it.

“We’re choosing not to disclose that,” said Kevin Heine, spokesman for Bank of New York Melon, which received about $3 billion.

Thomas Kelly, a spokesman for JPMORGAN Chase, which received $25 billion in emergency bailout money, said that while some of the money was lent, some was not, and the bank has not given any accounting of exactly how the money is being used.

“We have not disclosed that to the public. We’re declining to,” Kelly said.

The Associated Press contacted 21 banks that received at least $1billion in government money and asked four questions:

How much has been spent?

What was it spent on?

How much is being held in savings? And,

What ‘s the plan for the rest?

None of the banks provided specific answers.

“We ‘re not providing dollar-in, dollar-out tracking,” said Barry Koling, a spokesman for Atlanta, Ga.-based SunTrust Banks, which got $3.5billion in taxpayer dollars.

Some banks said they simply didn’t know where the money was going.

“We manage our capital in its aggregate,” said Regions Financial spokesman Tim Deighton, who said the Birmingham, Ala.- based company is not tracking how it is spending the $3.5billion it received as part of the financial bailout.

The answers highlight the secrecy surrounding the Troubled Asset Relief Program, which earmarked $700 billion – about the size of the Netherlands’ economy – to help rescue the financial industry.

The Treasury Department has been using the money to buy stock in U.S. banks, hoping that the sudden inflow of cash will get banks to start lending money.

There has been no accounting of how banks spend that money.

Lawmakers summoned bank executives to Capitol Hill last month i.e. November 2008, and implored them to lend the money – not to hoard it or spend it on corporate bonuses or junkets or to buy other banks.

But there is no process in place to make sure that’s happening, and there are no consequences for banks that don’t comply.

“It is entirely appropriate for the American people to know how their taxpayer dollars are being spent in private industry,” said Elizabeth Warren, the top congressional watchdog overseeing the financial bailout.

But, at least for now, there’s no way for taxpayers to find that out.

Pressured by the Bush administration to approve the money quickly, Congress attached nearly no strings to the $700 billion bailout in October, 2008.

And the Treasury Department, which doles out the money, never asked banks how it would be spent.

“Those are legitimate questions that should have been asked on Day One,” said Rep. Scott Garrett, R-N.J., a House Financial Services Committee member who opposed the bailout as it was rushed through Congress.

“Where is the money going to go to?

How is it going to be spent?

When are we going to get a record on it?”

Nearly every bank the AP questioned – including Citibank and Bank of America, two of the largest recipients of bailout money —– responded with generic public relations statements explaining that the money was being used to strengthen balance sheets and continue making loans to ease the credit crisis.

A few banks described company-specific programs, such as JPMorgan Chase’s plan to lend $5 billion to nonprofit and health care companies next year.

Richard Becker, senior vice president of Wisconsin-based Marshall & Ilsley, said the $1.75 billion in bailout money allowed the bank to temporarily stop foreclosing on homes.

But no bank provided even the most basic accounting for the federal money.

Some said the money couldn’t be tracked.

Bob Denham, a spokesman for North Carolina-based BB&T, said the bailout money “doesn’t have its own bucket.”

But he said taxpayer money wasn’t used in the bank’s recent purchase of a Florida insurance company.

Asked how he could be sure, since the money wasn’t being tracked, Denham said the bank would have made that deal regardless.

Others, such as Morgan Stanley spokeswoman Carissa Ramirez, offered to discuss the matter with reporters on condition of anonymity.

When the AP refused, Ramirez sent an e-mail saying:

“We are going to decline to comment on your story.”

Most banks wouldn’t say why they were keeping the details secret.

“We’re not sharing any other details. We’re just not at this time,” said Wendy Walker, a spokeswoman for Dallas-based Comerica, which received $2.25 billion from the government.

Lawmakers say they want to tighten restrictions on the remaining, yet-to-be-released $350 billion block of bailout money before more cash is handed out.

Treasury Secretary Henry Paulson said the department is trying to step up its monitoring of bank spending.

Warren, the congressional watchdog, appointed by Democrats, said her oversight panel will try to force the banks to say where they’ve spent the money.

“It would take a lot of nerve not to give answers,” she said.

But Warren said she’s surprised she even has to ask.

“If the appropriate restrictions were put on the money to begin with, if the appropriate transparency was in place, then we wouldn’t be in a position where you’re trying to call every recipient and get the basic information that should already be in public documents,” she said.
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Written by Padmini Arhant · Filed Under Business | Leave a Comment 

Armageddon – Israel Attack against Gaza

January 8, 2009

By Padmini Arhant

The on-going conflict between Israel and Palestine is not necessarily the news of the day for some mainstream media preoccupied with the discussion of mundane topics to fill the airtime.

Why should it be important?

Even, if the casualties from the bloodbath in Gaza happened to be children.

Ironically, sensitivity to atrocities is limited and varies among individuals.

Some react only when tragedy hits home, while others choose to remain silent and oblivious regardless of the horrific nature of events particularly the political figures with authority.

One has to wonder about the reason behind such conduct.

Does politics impact individuals to be complacent to violence?

Or, is it characteristic of individuals running for public office?

Often, moderate voices suppressed by the amplified endorsements of war producing death and destruction are the general trend in the Western democracies.

Fortunately, sanity and reasoning power still exists in the world as exhibited in the articles by various caring, compassionate and knowledgeable authors, who are aptly qualified to be the heads of the government or counsel on foreign relations in challenging the tradition.
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Courtesy: http://onlinejournal.com/artman/publish/article_4192.shtml – Thank you.

Israel and the Palestinian Territories

By Howard Lisnoff

Online Journal Contributing Writer

Jan 5, 2009, 00:32 Email this article

As a Jew, I am shocked by Israel’s attack against the Gaza Strip! As of this writing over 430 Palestinians have died in the massive military operation, while four Israelis perished as a result of rocket fire by Hamas.

Well over 90 percent of Palestinians killed have been civilians, a number in keeping with the death toll of contemporary warfare and its lethal effects on innocent civilian populations. Among the over 430 Palestinians killed by Israeli bombs were five sisters in one bombing and two sisters in another.

It can be assumed that the unleashing of this massive military power was accomplished with a wink and a nod from the Bush administration that has sought to remake the Middle East in its own image.

The incoming Obama administration, on vacation, was conveniently absent and issuing platitudes about Hamas, as did the national media.

This is how Gideon Levy of the Israeli newspaper Haaretz related the attacks and counterattacks on Democracy Now (December 29): “Yes, I think that Israel had this legitimacy to protect its citizens in the southern part of Israel, and it had legitimacy to do something, as the Israelis all expect the government to do, but this doing something does not mean this brutal and violent operation.

The diplomatic efforts were just in the beginning, and I believe we could have got to a new truce without this bloodshed.”

Israel’s attack against a militarily weak Gaza Strip violated the Geneva Conventions, the Nuremberg Principles, the Charter of the United Nations, and the moral imperative against attacks on civilian populations, or what were called the rules of war in a saner time. Its actions prior to this past weekend’s attack violated international law that bans collective retribution against a civilian population (specifically article 33 of the Fourth Geneva Convention).

The hostilities of this past week ended the truce between Hamas and Israel that had been in effect for several months, and was marked by the firing of rockets into southern Israel by Hamas and the economic blockade of Israel against Gaza. At the onset of current hostilities, huge bunker-buster bombs supplied by the U.S. were used on the Gaza Strip, and the Islamic University was among the targets of the Israeli Defense Forces.

So, where is the indignation? The Talmud, the quintessential commentary on the Old Testament states unequivocally: “What is hateful to you, do not to your fellow man. This is the law: all the rest is commentary.” (Shabbat 31a).

“What is hateful to you” has been universally ignored when planning military actions against others by the sole superpower and its proxies across the globe.

War against civilian populations has been turned into the norm. The world cannot remake or take back the horrors such as the Holocaust and past conduct in military matters.

But, what can be done is adherence to the rule of international law in dealing with violent conflicts and the use of diplomacy that seeks to redress the horrors that have been foisted on civilian populations.

Religious fundamentalists support all of Israel’s incursions against Palestinians.

They believe thatArmageddon will begin in the Middle East and lead to their (fundamentalists’) collective salvation. They have ‘enjoyed” nearly 30 years of support from successive administrations in Washington, D.C.

Howard Lisnoff is a freelance writer.

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Another massacre in the ongoing Israeli-Palestinian conflict

By Rodrigue Tremblay

Online Journal Guest Writer

Jan 1, 2009, 01:18 Email this article

“The liberty we prize is not America’s gift to the world, it is God’s gift to humanity.” –George W. Bush, State of the Union speech, January 28, 2003 (N.B.: Bush’s primary speechwriter at the time was a theologian: Michael Gerson.)

“When it comes to the Israeli-Arab conflict, the terms of debate are so influenced by organized Jewish groups like AIPAC that to be critical of Israel is to deny oneself the ability to succeed in American politics.” –Henry Siegman, former head of the American Jewish Congress

“I don’t think there is such a thing as an independent Israel doing anything, because I think no matter what they do it’s our [American] money, it’s our weapons, and they’re not going to do it without us approving it and if they get into trouble we’re going to bail them out, so there is no separation between the two.” –Congressman Ron Paul (R-TX), Dec. 28, 2008

“The world is a dangerous place, not because of those who do evil, but because of those who look on and do nothing.” –Albert Einstein (1879-1955) Physicist and Professor, Nobel Prize 1921

The year 2008 was not a very good year by any account, either financially or politically. Chaos and immorality have prevailed.

The Israeli attacks that began on Saturday December 27, 2008, are most reminiscent of what the government of Israel did to Lebanon during the summer of 2006. Both are examples of disproportionate retaliation to thoughtless provocations.

Indeed, the use by the government of Israel of sophisticated American-made F-16 jets, AH-64 Apache helicopters and devastating US-supplied GBU-39 smart bombs to target numerous dwellings in Gaza Strip cites — with civilians making up an overwhelming majority of the more than 300 victims — is an immoral act. Bombing a city can only create a humanitarian catastrophe and it should not be allowed in any circumstance.

With these planned-in-advance Christmas-New Year period attacks, when the world’s political attention is the weakest, Israel is punishing the entire population of the Gaza Strip (1.5 million people) for the irresponsible behavior of a small group of Hamas leaders.

But, no matter how this is phrased, nothing justifies collective punishment, an illegal doctrine used by the Israeli government time and again against the Palestinians while the world stands still.

We understand the rationale: Such attacks are designed to coerce the Hamas government, (which seized power in Gaza less than two years ago, replacing the Fatah government of the Palestinian Authority), to stop firing rockets in the direction of Israeli border cities and refrain from launching suicide attacks inside Israel.

Since Hamas doesn’t have one percent of the military capability that Israel has, its attacks on Israeli cities would appear to be most foolish and irresponsible.

Indeed, there is no doubt that bombing Israeli cities is a terrorist act. But sadly, in this action-reaction drama, one has to keep in mind that Hamas’ attacks on Israeli cities came after an Israeli military cross-border raid in Gaza in early November and after years of an illegal blockade of Gaza by Israel. That is the reason why both sides pretend they are attacking the other side in self-defense in this ongoing drama.

Nevertheless, even though the Hamas government seems to be run by defiant leaders who have launched rocket attacks against Israeli cities and targeted Israeli civilians, this does not excuse the Israeli government’s disproportionate reaction in indiscriminately bombing a heavily populated territory with warplanes and attack helicopters.

All this demonstrates how the world is lacking a moral compass and institutions capable of implementing rules of law and justice. Meanwhile, the law of the jungle continues to reign.

The neocon-controlled U.S. government of George W. Bush, contrary to most other governments, has refused to ask for an immediate stop to the Israeli attacks. It is therefore an active accomplice in the carnage and it cannot escape its responsibility and involvement.

As a matter of fact, anybody who remains silent while these barbarian acts are being committed becomes ipso facto an accomplice. This applies to most everyone at different degrees, the most responsible being those in authority.

Rodrigue Tremblay lives in Montreal and can be reached at rodrigue.tremblay@yahoo.com. He is the author of the book “‘The New American Empire.” His new book, “The Code for Global Ethics,” will be published in 2008. Visit his blog site at thenewamericanempire.com/blog.

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The American puppet state

By Paul Craig Roberts

Online Journal Contributing Writer

Jan 6, 2009, 00:26 Email this article

President George W. Bush was in his stand-up comedian role when he declared that he wanted to be remembered as a fighter for human rights.

Seldom has a fighter for human rights amassed Bush’s death toll. According to Information Clearing House,

Bush’s invasion and occupation of Iraq has resulted in 1,297,997 dead Iraqis. Millions more have been wounded, and millions are displaced. Bush’s legions have taken out weddings, funerals, kids’ soccer games, hospitals, and mosques.

And that’s before we come to Afghanistan.

In Afghanistan “we don’t do body counts,“ declared a commander of Bush’s imperial legions.

But the thousands of dead civilians and schoolchildren have rallied Afghans to the Taliban, whose lightly armed fighters have retaken most of the country from the Unipower.

Bush’s January 2, 2009, radio address is one grand lie that would win the World’s Biggest Liar contest in Cumbria. Israel is turning Gaza into Auschwitz, and the idiot puppet in the White House is blaming the Gazans.

The president of the United States is a sick joke. He has falsified history.

Americans should be ashamed that their president is a puppet of a small, but ruthless, state in the Middle East that lives off American largess.

Nothing has changed with the election of Obama, whose first act was to put Israel in charge of the White House. For the first time in its history, the Americans have a dual citizen, an Israeli who served in the Israeli military, as chief of staff of the White House.

My friends in the Israeli peace movement are despondent that America, “the light of the world,” is overcome by evil and serves wickedness.

America has entered its decline. America has exported its manufacturing so that CEOs and Wall Street crooks could claim large bonuses while the working class declined.

The American financial industry is discredited and in chaos, having resorted to stealing one trillion dollars from American taxpayers, while putting the rest of the world into financial crisis, including the destruction of Iceland’s currency.

Most of the world now has reasons to hate and to distrust the United States.

American unemployment is high and rising despite the massive printing of money and budget deficits that are too large to be financed, except by the printing of more money.

The damage done to the American people in the first decade of the 21st century by their own government is comparable in some ways to the damage American hubris and self-righteousness have inflicted on the civilian populations of Iraq, Afghanistan, Lebanon, Gaza, and South Ossetia.

Instead of losing their homes to bombs, more than one million Americans have lost their homes to the subprime mortgage fraud. We are spied upon without warrants or cause. Our civil liberties are endangered.

Does anyone believe that George Bush, who assaulted his own country’s civil liberty, will be remembered as a “fighter for human rights”?

Paul Craig Roberts [email him] was Assistant Secretary of the Treasury during President Reagan’s first term. He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University. He was awarded the Legion of Honor by French President Francois Mitterrand. He is the author of Supply-Side Revolution : An Insider’s Account of Policymaking in Washington; Alienation and the Soviet Economy and Meltdown: Inside the Soviet Economy, and is the co-author with Lawrence M. Stratton of The Tyranny of Good Intentions : How Prosecutors and Bureaucrats Are Trampling the Constitution in the Name of Justice. Click here for Peter Brimelow’s Forbes Magazine interview with Roberts about the recent epidemic of prosecutorial misconduct.
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Also transcripts from http://www.democracynow.org – Thank you..

January 05, 2009

Israeli Professor Under Hamas Rocket Fire, Neve Gordon Condemns Israeli Invasion of Gaza

Earlier this morning, three Qassam rockets exploded in open areas in the western Negev in Israel. We go to the region to speak with Neve Gordon, chair of the Department of Politics and Government, Ben-Gurion University of the Negev, Israel, and the author of Israel’s Occupation. [includes rush transcript]
Guest:

Neve Gordon, chair of the Department of Politics and Government, Ben-Gurion University of the Negev, Israel, and the author of Israel’s Occupation. His latest article for The Guardian newspaper is titled ‘The Dire Cost of Domestic Rivalries’

AMY GOODMAN: I wanted to go to Beersheba right now in Israel to Neve Gordon, chair of the Department of Politics and Government at Ben-Gurion University of the Negev in Israel. He’s author of the book Israel’s Occupation.

We just heard a description of the rockets going as far as the Negev. Can you talk about the effects of what is happening right now in Israel proper and what your thoughts are on this movement that Phyllis Bennis is describing around boycott, around divestment?

NEVE GORDON: Well, we just had a rocket about an hour ago not far from our house. My two children have been sleeping in a bomb shelter for the past week. And yet, I think what Israel is doing is outrageous, as opposed to what Meagan said before. We have here a situation where actually Israel did leave the Gaza Strip three years ago, but it maintains sovereignty in any political science sense of the term. We’ve controlled all the borders. We’ve basically had an economic boycott on the Gaza Strip. And the people there have been living in what one should probably call as a prison. And they’ve been reacting with rockets, because probably that’s the only way that they can react.

And I think what Israel has been doing now has little to do with stopping the rockets, but actually it’s an election move inside Israel. It’s a move to build the reputation of the Israeli military after its humiliation in 2006. And what they’re actually doing is bombing from the air and massacring people, and we have to say no to this from here.

I’m not sure an international boycott on Israel is currently the way to go, because I think what we need is pressure from below, pressure from within Israel. As an Israeli citizen, I still believe in the importance of democracy and in the importance of the Israeli people also making a decision. This should be done through pressure. I agree with Phyllis on that. I think international pressure has to come. I think a divestment of the Occupied Territories and everything made in the Occupied Territories should be the first stage.

I think that Obama has a major role to play. He has been silent. And I think he can pressure the Israeli government into reaching agreement with the Palestinian people. I think today and for the past years,

Israel has been the obstacle to peace in the Middle East, because it’s not willing to compromise on the three major issues, which is a return to the 1967 borders, it’s the division of Jerusalem, and it’s a recognition of the right of return of the Palestinians with a stipulation that only a small amount can return back to Israel.

AMY GOODMAN: And do you see the Obama administration, as he’s now constituted it, going in this direction? Do you see any signs of this, Professor Gordon?

NEVE GORDON: I see—I hear silence. Now, I think I’ve written that Obama has an opportunity, because what it needs to bring peace in the Middle East is—or between Israel and the Palestinians is now known. We’ve had the Geneva Accords. We’ve had the Sari Nuseibeh and Ayalon. We’ve had the Arab Initiative. What needs to be done is clear. What is also clear is that regardless of the elections in Israel, the government that will be chosen will not go in the direction of peace.

Now, the third facet is that a majority of Israelis will probably vote for a two-state solution. My suggestion to Obama is to take—to write up an Obama plan, which I say I think is clear what needs to be done, and to go over the Israeli government and to bring it to a referendum to the Israeli people, and ask them, “Do you want a two-state solution?” We have a constellation, a configuration in the Israeli government, that a large minority will control any government and not allow it to make peace, regardless of what happens in the elections. And so, what we need is some kind of intervention from outside to go directly to the people. I think the people of Israel, if the American president will come and say, “Listen, you take it, and if not, you’ll be penalized, too. You take the two-state solution, and if not, you’ll be penalized.” And I think that is probably the way to go for Obama. I don’t know whether he’ll do it or not.

AMY GOODMAN: Neve Gordon, as you said, your kids are in a bomb shelter now. You’re in the Negev. We have seen many images of the rockets, the effect of the rockets hitting Sderot. But we’ve heard little voice from Israelis like you. And I’m wondering, is that an effect of the US media or the Israeli media? Or are those voices not that loud? In Sderot, for example, there is an alternative group that is called Alternative Voices, who actually, despite the rockets there, are calling for an end to the blockade and are calling for a ceasefire, calling for an end to the attack on Gaza. And this is over 1,800 people of Sderot.

NEVE GORDON: There is an alternative movement. This past Saturday—you mentioned protests around the world—I participated in a protest with my children in Tel Aviv. There were about between 5,000 and 10,000 people, which, proportional to the population, is not a small protest. The vast majority—let us not delude ourselves, because the vast majority of the people in Israel do support.

There are plenty of voices against. If you read Ha’aretz, the Israeli newspaper, people like Gideon Levy and Amira Hass, you’ll see that there are voices that are against.

The problem is that most Israelis say what Meagan said before.

They say, “Israel left the Gaza Strip three years ago, and Hamas is still shooting rockets at us.”

They forget the details. The details is that Israel maintains sovereignty. The details is that the Palestinians live in a cage.

The details is that they don’t get basic foodstuff, that they don’t get electricity, that they don’t get water, and so forth.

And when you forget those kinds of details, and all you say is, “Here, we left them. Why are they still shooting at us?” and that’s what the media here has been pumping them with, then you think this war is rational.

If you look at what’s been going on in the Gaza Strip in the past three years and you see what Israel has been doing to the Palestinians, you would think that the Palestinian resistance is rational.

And that’s what’s missing in the mainstream media here. And so, although there are voices of resistance in Israel and although there was a quite big protest on—actually, two big protests on Saturday, one in Sakhnin and one in Tel Aviv, it is still a really small minority.

AMY GOODMAN: Neve Gordon, I want to thank you for being with us, chair of the Department of Politics and Government, Ben-Gurion University of the Negev, speaking to us from Beersheba. His book is called Israel’s Occupation. Phyllis Bennis, thank you for being with us, fellow at the Institute for Policy Studies in Washington, D.C. When we come back, we go back to Gaza.”

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Summary:  Armageddon

It is evident from the concerned voices that the ongoing reign of terror by Israel particularly against innocent civilians in Gaza through invasion, occupation , blockade and now direct confrontation is a heinous crime against humanity.

As indicated by Israeli citizen, Professor Neve Gordon, ideal candidate to be the head of the state of Israel,

The murder and massacre is carried out for political reasons by the incumbent Israeli administration and the eternally belligerent counsel Mr. Benjamin Netanyahu with a commanding support by U.S. administration and Congress members.

On the other hand, the hideous Hamas masquerading as the benefactors of the Palestinian population in Gaza has in fact led the situation to deteriorate from survival to peril by forcing Palestinian children obliterated through suicide bombing and Israeli shelling as well as Israeli children sleeping in bomb shelters for days and nights.

As suggested earlier in the blog post titled Israeli Palestinian Conflict on December 30,2008,

It is a rude awakening for both Israeli and Palestinian civilians being the real victims and casualties of the ongoing conflict orchestrated by war mongering authorities and aggressors in the United States, Israel and provocative Hamas.

Hence, fundamental political transformation in Israel and Palestine is the only saving grace for the people of these two states.

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Peace Proposal:

Israel and Hamas must ceasefire or deal with the wrath of natural phenomenon.

Now is the time for Israeli citizens to reflect upon the pros and cons of peace over war .

It is unequivocally important for Israeli government to make unconditional withdrawal of troops and settlements from all Palestinian territories backtracking to 1967 i.e. Gaza, West Bank and Golan Heights.

In addition, recognize the truth that peace rests in their hands by letting their Palestinian neighbors live with respect and dignity required for complete status as a sovereign nation, which means no blockades and check posts barring Palestinians from normal existence.

Israel cannot and must not hold any Palestinian area for settlement or occupation along the borders under the pretext of their national security.

With four weeks, left for the general election Israelis must elect a government represented by views like Professor Neve Gordon for long lasting peace and security of Israel and the entire Middle East region.

Palestinians, all those remaining after the barrage of Israeli missile attacks and bombings combined with Hamas’ tactics to use Gaza as launching pads for rocket attacks, must come in terms with reality…

That electing an ideological group like Hamas, committed towards their own agenda of terror has yielded carnage and chaos costing tens and thousands of lives and their future.

Therefore, Palestinians must make a concerted coalition of moderate and peace loving visionaries pledging support for the people and their future to represent the independent Palestinian state.

Palestinians must vow to themselves and their children not to seek the path of revenge paved with hatred, rage and terror against Israel.

Palestine and all other Arab nations must recognize Israel as a sovereign nation and acknowledge its democratic system.
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Myth clarification:

The hegemony in the United States and Israel responsible for fueling this inhumane onslaught in Gaza with inevitable cyclical violence in Middle East and around the world is due for clarification on Armageddon.

Reference also applicable to Hamas and all other terrorists groups imposing death penalty as jihad on citizens through suicide bombings and rocket attacks.

Armageddon is not for the salvation of demagogs engaged in the exhaustion of weaponry and deadly arsenal through unjustified wars to replenish new stock.

Armageddon is for deliverance of the oppressed, persecuted , tortured and tormented population on earth.

Non-acceptance of the stated peace proposal will lead to dire consequences for perpetrators on both sides.

Finally, leadership lacking in courage to defend truth, justice and innocent lives is doomed for failure.

Thank you.

Padmini Arhant

Written by Padmini Arhant · Filed Under International Politics | Leave a Comment 

Happy New Year!

January 1, 2009

Welcome to a New Beginning.

Indeed, the year 2008 was historic in many aspects.

Briefly, 2008 was the year of Salvation and Celebration.

Salvation of financial and manufacturing sectors to rescue our nation from the brink of collapse besides enabling world markets to perform the balancing act until concrete economic policies implemented at home.

Celebration in rejoicing the election of the first African American candidate Barack Obama as the 44th President of the United States by proving that challenges are overcome through unity, determination and optimism.

We have great many tasks ahead of us. It requires all of us to get started from day one in sharing the responsibilities of this incredible trash clearance.

It is comparable to a wild party by drunken, rambunctious, overgrown teenagers leaving a big mess behind for sober, sensible and mature adults to clean after them.

The ancient civilizations have great many proverbs and adages and one of them is,

"Yesterday’s the past and

Tomorrow’s the future

Today is a gift – which is why they call it the present"

Those who possess the blessing of the gift must act on it and not waste precious present by dwelling in the past or guessing the future.

However, one must learn from the past mistakes to avoid them now and in the future.

There is abundance energy, resolve and enthusiasm available among all of us for rebuilding the nation.

Collective involvement yields rapid progress.

Although, we have elected a new President to resolve too many crises, each and every one of us are obligated to ourselves and our children in showing that we care by demonstrating fiscal responsibility, energy conservation, environmental protection and,

Most importantly accepting one another as humans prior to any other identification for a better future.

The present situation has left us with no choice other than consider ways to;

Exercise frugality over wasteful spending

Living within rather than beyond means.

Invest resources wisely to safeguard present and future existence.

Establish peace over war .

At the minimal, engage in empathy and sympathy for those less fortunate at home and abroad.

Our actions and decisions largely contribute the outcome of any matter.

The events over the past eight years will serve as testimony in political history that performance lacking in moral judgment is a recipe for disaster.

It is also a rude awakening for democratic and free market systems that absence of oversight and accountability leads to regrettable consequences.

Henceforth, the new beginning must entail the protocol that Washington and Wall Street are accountable for budget plans, legislative measures, taxpayer bailouts and,

Ensure no preferential treatment to those abusing power during scrutiny of misdeeds and mismanagement.

Similar bindings are necessary on State legislators including Governors as well.

In fact, Congress representing the people and the judicial system must act against all those responsible for the current mayhem i.e. bankrupt economy and unjustified Iraq war to preserve law and order.

Our commitment to the present and future must involve effective leadership at all levels with the emphasis on result oriented planning and policymaking to address every crisis confronting the nation.

Above all, partisanship obstructing the legislation of every bill and policy is a major obstacle.

It is best to put conventional Washington and State politics to rest and recognize the importance of bipartisanship for solutions to every problem in national interest.

Overall, the journey is arduous but hope and promise combined with patience, perseverance and labor makes destination accessible.

Wishing you all a bright, prosperous and peaceful 2009.

Thank you.

Padmini Arhant

Written by Padmini Arhant · Filed Under Featured | Leave a Comment 

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