As per usual, when push comes to shove, the right-wing Israeli government, along with the Israel Defense Forces spinmeisters, have gone back to the simple formula: when they do something illegal and barbaric, blame the victim, for the United States will obligingly agree and stand by that narrative. Like always, while the rest of the world protests in condemnation and speaks out against Israel's actions and crimes, the U.S. government stands by complicitly, continuing to shower Israel with over $3 billion per year in military aid into perpetuity.

Reckless swaps and derivatives trading played a critical role in the financial crisis, inflating the domestic housing bubble and turning it into a global economic catastrophe. As the House and Senate conference committee begins final work on the financial services reform bill, it is critically important that we wall off the casino from the taxpayer guarantee. If big banks want to gamble they need to do so with their own money. Nobel prize-winning economist Joseph Stiglitz makes the case for strong provisions in the Senate derivatives chapter plainly: "If [Congress] fails to pass strict oversight of dangerous over-the-counter derivatives and swaps the U.S. economy will continue to be vulnerable to significant financial risk."

To urge the House and Senate conferees to take action visit BanksterUSA.

From video of Gaza flotilla (Reuters)President Obama came to power promising to end the foreign policy of the Bush era and institute a commitment to international cooperation and diplomacy, especially with the Muslim world. The controversy surrounding Israel's recent raid on a Turkish aid flotilla has made it difficult for the Obama administration to fulfill that promise. The administration does not want to alienate Turkey, a large Muslim nation with aspirations of joining the European Union, nor does Obama want to anger Israel, which has strong historical ties to America. Trying to pacify both nations, the Obama administration has taken an ambivalent and ambiguous position on how to resolve the conflict, which does not include a definitive statement on an international investigation into the causes and culpability of the confrontation. While Secretary of State Hillary Clinton declared last Tuesday that the United States "supports the Security Council's call for a prompt, impartial, credible and transparent investigation" and "an Israeli investigation that meets those criteria," the administration is merely "open" to the possibility of international participation.