Ellen Brown @ Web of Debt - When the Occupiers took an interest in moving San Francisco’s money into a city-owned bank in 2011, it was chiefly on principle, in sympathy with the nationwide Move Your Money campaign. But recent scandals have transformed the move from a political statement into a matter of protecting the city’s deposits and reducing its debt burden. The chief roadblock to forming a municipal bank has been the concern that it was not allowed under state law, but a legal opinion issued by Deputy City Attorney Thomas J. Owen has now overcome that obstacle. Read more.
Newly declared independent Rep. Justin Amash has formally left the GOP Conference and resigned from the House Oversight Committee, according to a letter he sent to Republican leaders on Monday. Read more.