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Lieberman supports Universal Healthcare  - for Irish.

The following was sent the my Senators,  I urge everyone to use whatever tactics you can conceive of to stiffen the backbone of the Democratic Caucus in the Senate to pass a ‘public option’ and make sure they understand there will be consequences for their spineless approach reaching all the way to the local level!

It is imperative that you and the Democratic party realize that Senator Lieberman has absolutely no interest in helping to pass a Health Care bill of any form, he has a history of speaking with a forked tongue. The following should be noted:

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Our talk tough/act weak Commander in Seive is at it again. He's backing the shrews recent undermining of health care access for millions:

The White House is encouraging Senate Majority Leader Harry Reid (D-Nev.) to cut a deal with Sen. Joe Lieberman (I-Conn.), which would mean eliminating the proposed Medicare expansion in the health reform bill, according to an official close to the negotiations.

at it again

Apparently, the rush to get this under the Christmas tree or Hannukah or Kwaanza or Earthly or Pagan holiday is negating the Majority leader's biggest stick:

Reconciliation, a procedural maneuver to get around a filibuster, remains on the table, but it’s not a viable option at the moment, the official said. It would push the issue into next year with no guarantee of success.

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And make the insurance companies fight it out in 50 states.

I called the Opt-Out option back in August, before anyone that I am aware of.

I like the idea and what good it potentially does for the Democratic party.

The Opt-in, I don't like so much. It would make it exponentially more difficult for solid Red states to participate.

Now, it looks like they're using the threat of a trigger to leverage an Opt-In into the equation. The ever progressive Ben Nelson said he likes an Opt In. I believe he'll hold his nose and swallow an Opt Out. Enough said.

Call your Congress critters and tell them No opt in. No trigger. No more compromise.

Opt Out is Cop Out enough.

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Sun Oct 25, 2009 at 10:14 AM PDT

Like a Whisper

by JerichoJ8

A recent commenter stated that our elected officials "scream reform" and "whisper loophole".

Whispers cut both ways. Call your banks up and see if they have the note to your home mortgage. See if that whisper resonates.

Here's a song that whispered to me years ago...It still gives me chills...

The people are wary and frustrated. Judges are turning the corner. True representatives are speaking truth to power.

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For years, the banks and mortgage lenders have been running rough shod over borrowers, and recently their greed has exceeded decency(foreclosing on paid up houses, refusing to renegotiate terms) to the point that Bankruptcy Court Judges are calling them on the very details the banks used to slit the borrower's throat.

The banks have lost the paperwork showing they actually own the mortgage. The fact is, no one knows who owns the mortgages. So, when one family fought for the option of renegotiating their mortgage, they got more than they bargained for: a house free of its mortgage.

One surprising smackdown occurred on Oct. 9 in federal bankruptcy court in the Southern District of New York. Ruling that a lender, PHH Mortgage, hadn’t proved its claim to a delinquent borrower’s home in White Plains, Judge Robert D. Drain wiped out a $461,263 mortgage debt on the property. That’s right: the mortgage debt disappeared, via a court order.

Judge Drain...something poetic about that name...

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Elite Family Hedge funds is exponentially redundant. You have to be elite to have a hedge fund. You have to be even more elite to have one just for your family's investments.  With all of the talk about new regulations for investment entities, the wealthy are nervous about sharing the details of their portfolios' contents.

About 50 family investment funds have formed a coalition and hired lobbyists to make their case with lawmakers that they should be exempt from the new rules. The families say their funds are aimed at maintaining wealth, not investing aggressively like private-equity firms or hedge funds, and therefore pose no systemic risk to the economy.

Hmmm, I guess we could trust them. Why would rich people lie? They have nothing to gain of such surreptitious activities. Honesty is what undoubtedly made them wealthy.

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Our Dems have done it again, compromised the crap out of a bill to gain one Republican vote.

CFPA, which would be the first federal regulatory agency devoted solely to consumer financial protection, passed the committee 39 to 29. All but one of the assembled committee Republicans and two Democrats voted against the consumer protection bill, despite a series of compromises that included exemptions for favored industries and limits on tougher state regulation.

You've got Goldman handing out tens of billions in bonuses, you can't get the votes? Why do I feel like we're being represented by the wrongly executed, Todd Willingham's, defense team.

Unlike health insurance reform, Obama laid a clear plan out for Congress to consider.

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Wed Oct 21, 2009 at 03:22 PM PDT

Maloney & Dems say FU to Capital One

by JerichoJ8

Exhibit A as to why agencies like the FDIC, FED, OCC etc ad nauseum should not be allowed to be mis-named as protectors of consumer interest and why we need a completely separate Consumer Financial Product Safety Commission:

Federal Reserve Chairman Ben Bernanke has told Congress that accelerating the effective date of credit card reform legislation would be good for consumers -- but that credit-card issuers need more time to adjust to the new rules.

That's funny, because in the blink of an eye they can adjust my rates, adjust my credit line and/or screw adjust my credit score from here to Timbukto like Mandingo on Viagra.

But, to not do those things requires an additional year to figure out?  I don't think so.

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Mon Oct 19, 2009 at 10:20 AM PDT

Draw and Quarter the Banks

by JerichoJ8

Poor Martha Stewart...if only she'd gone through a sludge hedge fund...perhaps, Martha Stewart's Revenge is about to strike Wall Street...

The pending crackdown, based on at least two years of investigation, targets securities professionals including hedge- fund managers, lawyers and other Wall Street players, the people said, declining to be identified because the cases aren’t public. Some probes, like the one focused on Rajaratnam, rely on wiretaps. Others stem from a secret Securities and Exchange Commission data-mining project set up to pinpoint clusters of people who make similar well-timed stock investments.

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JCAHO(pronounced 'jako') is responsible for accrediting hospitals. If JCAHO rejects you, in just about every state, you can't participate in Medicare/Medicaid. JCAHO is a private corporation and not a government "Commission" as their name suggests. You see, JCAHO also sells coffee cups, decals and and banners.

Aside from accrediting hospitals, they also "consult" with hospitals to help them meet JCAHO standards.

JCAHO is the Joint Commissionthat evaluates and accredits nearly 19,000 health care organizations and programs in the United States...

... To earn and maintain accreditation, an organization must undergo an on-site survey by a Joint Commission survey team at least every three years. However, laboratories must be surveyed every two years...

Congress passes the Social Security Amendments of 1965 with a provision that hospitals accredited by the Joint Commission are "deemed" to be in compliance with ... and able to participate in the Medicare and Medicaid programs.

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I could sit here and write this that and the other...but instead, I'll share former SEC investgator Gary Aguirre's Congressional Testimony...

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While I await the New Pecora Commission's results, I'm going digging.

Linda Chatman Thomsen was the Director of the Division of Enforcement for the U.S. Securities and Exchange Commission from 2005 until early 2009. Thomsen is married to Steuart Hill Thomsen, a partner in the law firm Sutherland Asbill & Brennan LLP, whose clients include hedge funds, broker-dealers, & investment advisors for securities enforcement matters.

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