It's Our Money with Ellen Brown - 05/07/14

An Electoral Lock-Out of Political Challengers Helps Guarantee Wall Street
Profits

The major political parties have effectively locked-out any serious
democratic challengers to their control on creation of public policy. This
week, Green Party candidate for CA Controller Laura Wells talks with Ellen
Brown (herself a Green running for CA State Treasurer) about the
increasingly difficult path required of challenger candidates to even get
their voices heard. They discuss Governor Jerry Brown's proposed
constitutionally-mandated rainy fund that would guarantee the state's
commitment to pay Wall Street at the expense of its own needs, the subject
of Ellen's latest article ("Robbing Main Street to Prop Up Wall Street: Why Jerry Brown's Rainy Day Fund Is a Bad Idea for California")

On the Public Banking Report, co-host Walt McRee talks with Lauren Steiner
about a new initiative underway in Los Angeles to create a public
partnership bank even as a new report shows that the city pays significantly
more to Wall Street for fees and interest than it does on its own needs --
to the tune of over ¾ of a billion dollars!