Book O fMormonReports the AP via Google News:

US financial regulators charged a father and son in Utah state with operating a $220 million property investment Ponzi scheme which targeted fellow members of the Mormon church.

The Securities and Exchange Commission charged Wendell Jacobson and his son Allen Jacobson, of Fountain Green in central Utah, with selling shares in their purported real estate business and using the funds from some investors to pay returns promised to others.

It said that since 2008 the two had solicited investments into their business of ostensibly buying, rehabilitating and then renting out properties.

They appeared to use the memberships in the Utah-based Church of Jesus Christ of Latter-Day Saints — the Mormon church — “to make connections and win over the trust of prospective investors,” the SEC said.

Securities in their businesses were sold to investors without registering with the SEC as required by law.

Site’ editor’s note: Former Illinois Governor Rob Blagojevich was sentenced to 14 years this week after being convicted of a wide range of corruption charges, including the allegation that he tried to sell the Senate seat vacated by President Obama.

You won’t see the talking head presttitutes discussing the fact that former Governor Rob Blagojevich was arrested exactly one day after he announced he was “…asking all Illinois government agencies to suspend business with Bank of America”

Here’s Rod Blagojevich uncensored on We Are Change Chicago:

The Canadian media’s furor and spin on the following story is demonstrable proof that any and all attempts to de-legitimise Indigenous self-government and exploit Aboriginal territories for resources is not only allowed, it is welcomed. These policies are based on historical paternalistic colonialism, which is explicitly intended to systematically disenfranchise Native peoples.

Note as per this story , Canada spends MORE than two times per capita on non-natives for social infrastructure (housing, education, healthcare) than it does on aboriginal people. The amount reported in the Al Jazeera story below, is the entire budget, and does not include any additional civil infrastructure (roads, transport links) funds, which is normally separate from social spending:

With a story about prosecuting Wall Street featured on the most mainstream of TV news shows, CBS’s Sixty Minutes, might there finally be enough momentum for some banking executives go to jail?

In this segment, two high-ranking financial whistleblowers say they tried to warn their superiors about defective and even fraudulent mortgages. Reporter Steve Kroft questions why the companies and their executives haven’t been prosecuted.

HannibalMitchell Anderson writes in the Toronto Star:

Given the state of the global economy, it might not surprise you to learn that psychopaths may be controlling the world. Not violent criminals, but corporate psychopaths who nonetheless have a genetically inherited biochemical condition that prevents them from feeling normal human empathy.

Scientific research is revealing that 21st century financial institutions with a high rate of turnover and expanding global power have become highly attractive to psychopathic individuals to enrich themselves at the expense of others, and the companies they work for.

A peer-reviewed theoretical paper titled “The Corporate Psychopaths Theory of the Global Financial Crisis” details how highly placed psychopaths in the banking sector may have nearly brought down the world economy through their own inherent inability to care about the consequences of their actions …

The United States isn’t broke; we’re the richest country on the planet and a country in which the richest among us are doing exceptionally well. But the truth is, our economy is broken, producing more pollution, greenhouse gasses and garbage than any other country. In these and so many other ways, it just isn’t working. But rather than invest in something better, we continue to keep this ‘dinosaur economy’ on life support with hundreds of billions of dollars of our tax money. The Story of Broke calls for a shift in government spending toward investments in clean, green solutions—renewable energy, safer chemicals and materials, zero waste and more—that can deliver jobs AND a healthier environment. It’s time to rebuild the American Dream; but this time, let’s build it better.

One of the most frequently repeated, recycled and dismissive questions about Occupy Wall Street is its supposed lack of an “agenda.” The “what do you people want” question has featured in media…

This Occupy Wall Street themed video from DC Douglas was heartily endorsed by, which emailed its members this endorsement:

Occupy Wall Street is Fox News’ worst nightmare, so they’re doing everything they can to downplay this movement and distort its message. It’s up to people like us to tell the real story. This amazingly powerful video—featuring Elizabeth Warren, no less—does exactly that. It’s a must-see for everyone in America who’s got any questions about what #OWS is really all about.

Welcome to America: David Hancock reports on CBS News:

Investors are well aware that money markets pay next to nothing in interest these days. Now one bank has announced a policy to actually charge clients a fee to hold their cash. The policy by Bank of New York Mellon Corp. will apply to some large depositors to hold their cash, reports the Wall Street Journal.

In a letter reviewed by WSJ, Mellon advised that it will charge 0.13% plus an additional fee if the one-month Treasury yield dips below zero on depositors that have accounts with an average monthly balance of $50 million “per client relationship.”

“In the past month, we have seen a growing level of deposits on our balance sheet from clients seeking a safe-haven in light of the global interest rate and credit environment,” the bank told the Journal in an emailed statement.