http://www.nytimes.com/2011/01/26/business/economy/26inquiry.html?_r=1&hp
Oh crap, we might be really talking perp walk here. Check out the last paragraph. It sounds like the gods might have just got burnt.
"Of the banks that bought, created, packaged and sold trillions of dollars in mortgage-related securities, it says: “Like Icarus, they never feared flying ever closer to the sun.”
The 2008 financial crisis was an “avoidable” disaster caused by widespread failures in government regulation, corporate mismanagement and heedless risk-taking by Wall Street, according to the conclusions of a federal inquiry
“The greatest tragedy would be to accept the refrain that no one could have seen this coming and thus nothing could have been done,” the panel wrote in the report’s conclusions, which were read by The New York Times. “If we accept this notion, it will happen again.”
Tuesday, January 25, 2011
Impending Medicaid cuts would severely impact care for profoundly disabled
http://www.postandcourier.com/news/2011/jan/23/medicaid-cuts-heres-who-will-suffer/
This my friends is the reality of what "we" as a nation are creating with the new changes implemented for Medicare.
It doesn't have to be this way though. A work to pay for credit system for students with vocations in the various health care area's required would serve this situation well.
It not only ensures the needs of the disabled, but it would also allow for a higher education without burying your life in the quick sand before you've even begun it.
I'm sure Medicaid would definitely come out head by paying for the schooling for one individual who could serve many, rather than the 75 visits per individual a year.
The beauty of it is, it even works for nursing homes and adult day care centers.
Think about it.
Parents of the profoundly disabled are profoundly troubled.
Beginning April 1, Medicaid will cover a total of 75 occupational, physical and speech therapy sessions annually. The health insurance program for the poor and disabled now covers a combined 225 of those therapies a year.
Richard Barrett-Martinelli, 23, is fed by his mother, Julia, on Friday night at their home in Summerville. The family is concerned about state cuts in Medicaid and how they might affect the care of Richard, who suffered a brain injury in a poisoning accident when he was 2 years old. Today, he functions at the level of an 8-month-old.
The reductions will be retroactive to July 2010, meaning some families already will have reached their yearly maximum before the cuts officially take effect.
Among them are
This my friends is the reality of what "we" as a nation are creating with the new changes implemented for Medicare.
It doesn't have to be this way though. A work to pay for credit system for students with vocations in the various health care area's required would serve this situation well.
It not only ensures the needs of the disabled, but it would also allow for a higher education without burying your life in the quick sand before you've even begun it.
I'm sure Medicaid would definitely come out head by paying for the schooling for one individual who could serve many, rather than the 75 visits per individual a year.
The beauty of it is, it even works for nursing homes and adult day care centers.
Think about it.
Parents of the profoundly disabled are profoundly troubled.
Beginning April 1, Medicaid will cover a total of 75 occupational, physical and speech therapy sessions annually. The health insurance program for the poor and disabled now covers a combined 225 of those therapies a year.
Richard Barrett-Martinelli, 23, is fed by his mother, Julia, on Friday night at their home in Summerville. The family is concerned about state cuts in Medicaid and how they might affect the care of Richard, who suffered a brain injury in a poisoning accident when he was 2 years old. Today, he functions at the level of an 8-month-old.
The reductions will be retroactive to July 2010, meaning some families already will have reached their yearly maximum before the cuts officially take effect.
Among them are
Domestic Spying Victim: Virginia Cody
http://www.aclu.org/national-security/domestic-spying-victim-virginia-cody
Homeland Security at their finest, outting themselves, while on duty for the Oil Industry.
And "we" pay for this WHY?
Oh yeah I remember now, because it's a matter of national security.
The national security of corporate America that is.
Virginia Cody -- a retired Air Force officer and anti-drilling activist -- was shocked to mistakenly receive a bulletin from the Pennsylvania Homeland Security Director describing the monitoring of several anti-drilling groups. The bulletin revealed that Virginia and other anti-drilling activists who were peacefully exercising their First Amendment rights were included in state "anti-terrorism" reports.
Unfortunately, Virgina'a story is not unique. Similar law enforcement behavior has taken place in at least 33 states and Washington D.C.
Homeland Security at their finest, outting themselves, while on duty for the Oil Industry.
And "we" pay for this WHY?
Oh yeah I remember now, because it's a matter of national security.
The national security of corporate America that is.
Virginia Cody -- a retired Air Force officer and anti-drilling activist -- was shocked to mistakenly receive a bulletin from the Pennsylvania Homeland Security Director describing the monitoring of several anti-drilling groups. The bulletin revealed that Virginia and other anti-drilling activists who were peacefully exercising their First Amendment rights were included in state "anti-terrorism" reports.
Unfortunately, Virgina'a story is not unique. Similar law enforcement behavior has taken place in at least 33 states and Washington D.C.
Chicago artist's protest backfires as he faces 15 years in jail... because he recorded his own arrest on video
http://www.dailymail.co.uk/news/article-1349966/Chicago-artist-Chris-Drew-faces-15-years-jail-recorded-arrest.html#ixzz1By9Fzp5m
Have you seen this one yet?
In 9 states it is no longer legal to film or photograph a cop.
The only obvious reason for this can be that the authorities are no longer to be held legally responsible for those little faux paz they commit, like shooting unarmed people for no reason, or those little beat downs that they do, just because they can.
3 years prison time for you if you do on a first offence, and 5 for a second.
Where is all of this leading you ask?
To a live reenactment of Nazi Germany!
You will comply!
If not willingly, then by force.
Beware, before it's to late
An artist who used a video camera to record being arrested by police is facing up to 15 years in prison.
Chris Drew has been charged with Class 1 felony under the Eavesdropping Act in Chicago, Illinois.
Have you seen this one yet?
In 9 states it is no longer legal to film or photograph a cop.
The only obvious reason for this can be that the authorities are no longer to be held legally responsible for those little faux paz they commit, like shooting unarmed people for no reason, or those little beat downs that they do, just because they can.
3 years prison time for you if you do on a first offence, and 5 for a second.
Where is all of this leading you ask?
To a live reenactment of Nazi Germany!
You will comply!
If not willingly, then by force.
Beware, before it's to late
An artist who used a video camera to record being arrested by police is facing up to 15 years in prison.
Chris Drew has been charged with Class 1 felony under the Eavesdropping Act in Chicago, Illinois.
Domestic use of aerial drones by law enforcement likely to prompt privacy debate
http://www.washingtonpost.com/wp-dyn/content/article/2011/01/22/AR2011012204111.html?nav=hcmodule
You are now under constant surveillance citizen!
The real crapper about this deal is, not only is your right to privacy being compromised but so is your safety.
Drones don't mix well with air traffic at all, they cause plane wrecks.
So you have to wonder whose stupidity started this trend, and how long will it be before people die from it.
The key question here is, why are "we" Americans allowing ourselves to be treated as though we're an "occupied nation" that has been taken over by the leftovers of the military industrial complex.
The real kick in the ass is that you the taxpayer, are paying for the government grants that supply all of these leftovers to your local governments so that they can keep up the high surveillance of you.
Another key question is: When did "We" become the enemy and why?
Heads up my friends
A horror is a happening!
You just don't realize it yet.
But you will
AUSTIN - The suspect's house, just west of this city, sat on a hilltop at the end of a steep, exposed driveway. Agents with the Texas Department of Public Safety believed the man inside had a large stash of drugs and a cache of weapons, including high-caliber rifles.
Domestic use of aerial drones by law enforcement likely to prompt privacy debate
Drones on the home front
With Air Force's Gorgon Drone 'we can see everything'
As dawn broke, a SWAT team waiting to execute a search warrant wanted a last-minute aerial sweep of the property, in part to check for unseen dangers. But there was a problem: The department's aircraft section feared that if it put up a helicopter, the suspect might try to shoot it down.
So the Texas agents did what no state or local law enforcement agency had done before in a high-risk operation: They launched a drone. A bird-size device called a Wasp floated hundreds of feet into the sky and instantly beamed live video to agents on the ground. The SWAT team stormed the house and arrested the suspect.
You are now under constant surveillance citizen!
The real crapper about this deal is, not only is your right to privacy being compromised but so is your safety.
Drones don't mix well with air traffic at all, they cause plane wrecks.
So you have to wonder whose stupidity started this trend, and how long will it be before people die from it.
The key question here is, why are "we" Americans allowing ourselves to be treated as though we're an "occupied nation" that has been taken over by the leftovers of the military industrial complex.
The real kick in the ass is that you the taxpayer, are paying for the government grants that supply all of these leftovers to your local governments so that they can keep up the high surveillance of you.
Another key question is: When did "We" become the enemy and why?
Heads up my friends
A horror is a happening!
You just don't realize it yet.
But you will
AUSTIN - The suspect's house, just west of this city, sat on a hilltop at the end of a steep, exposed driveway. Agents with the Texas Department of Public Safety believed the man inside had a large stash of drugs and a cache of weapons, including high-caliber rifles.
Domestic use of aerial drones by law enforcement likely to prompt privacy debate
Drones on the home front
With Air Force's Gorgon Drone 'we can see everything'
As dawn broke, a SWAT team waiting to execute a search warrant wanted a last-minute aerial sweep of the property, in part to check for unseen dangers. But there was a problem: The department's aircraft section feared that if it put up a helicopter, the suspect might try to shoot it down.
So the Texas agents did what no state or local law enforcement agency had done before in a high-risk operation: They launched a drone. A bird-size device called a Wasp floated hundreds of feet into the sky and instantly beamed live video to agents on the ground. The SWAT team stormed the house and arrested the suspect.
The Next Robo-Signing Crisis?
http://finance.yahoo.com/news/The-Next-RoboSigning-cnbc-2857229679.html?x=0&sec=topStories&pos=3&asset=&ccode=
I suppose the time has come to ask the the big question.
Where there any legal procedures followed correctly by the mortgage banking industry within the last 12 years?
Odds are no.
How bizarre is it that they used MERS to record thus bypassing the recording fees rightfully due every county that a sale was made in, and yet when it came down to foreclosure time their use of the county recorders office became imperative in order to for the notice of foreclosure sale to be published.
I have to laugh at the "light bulb moment" that CNBC now seems to be having about this issue since they seem to be a tad behind the rest of the class.
Karl Denninger and the kids over at Zerohedge as well as George over on Washington's blog have already written as well as proof read this assignment last year and received an A+ and a gold star for the actualities of what has really gone down concerning the illegalities of what the mortgage investment banks where doing and had already done.
It must be hell to have to wait on the short bus CNBC, since it's always the last to arrive.
It's the next big shoe to drop in the robo-signing foreclosure scandal. Call it part two.
We already know some banks halted foreclosure sales nationwide in October when it was discovered that servicers took short cuts, so-called "robo-signing" in the foreclosure sale process in judicial foreclosure states - about half the country.
Now it appears they may have done the same thing in a different part of the process, the Notice of Default, which takes place in the other half - i.e. the non-judicial states - this happens before the foreclosure sale.
I suppose the time has come to ask the the big question.
Where there any legal procedures followed correctly by the mortgage banking industry within the last 12 years?
Odds are no.
How bizarre is it that they used MERS to record thus bypassing the recording fees rightfully due every county that a sale was made in, and yet when it came down to foreclosure time their use of the county recorders office became imperative in order to for the notice of foreclosure sale to be published.
I have to laugh at the "light bulb moment" that CNBC now seems to be having about this issue since they seem to be a tad behind the rest of the class.
Karl Denninger and the kids over at Zerohedge as well as George over on Washington's blog have already written as well as proof read this assignment last year and received an A+ and a gold star for the actualities of what has really gone down concerning the illegalities of what the mortgage investment banks where doing and had already done.
It must be hell to have to wait on the short bus CNBC, since it's always the last to arrive.
It's the next big shoe to drop in the robo-signing foreclosure scandal. Call it part two.
We already know some banks halted foreclosure sales nationwide in October when it was discovered that servicers took short cuts, so-called "robo-signing" in the foreclosure sale process in judicial foreclosure states - about half the country.
Now it appears they may have done the same thing in a different part of the process, the Notice of Default, which takes place in the other half - i.e. the non-judicial states - this happens before the foreclosure sale.
Monday, January 24, 2011
Pistol mounted flash light causes injury
http://www.nypost.com/p/news/local/flashlight_shooting_case_unarmed_Cr6BWTKvpmFpwKOazZxnnL
Beware kids,
Death can come at the flip of a switch
The shooting of an innocent, unarmed elderly Bronx man by a cop who was trying to turn on a pistol-mounted flashlight is at least the second accidental police shooting in the US involving that same flashlight model.
But unlike Saturday’s shooting of 76-year-old Jose Colon — who survived a cop’s bullet to the stomach — an unarmed Texas man died Oct. 13 under what reportedly were strikingly similar circumstances involving the Surefire X300 flashlight
Beware kids,
Death can come at the flip of a switch
The shooting of an innocent, unarmed elderly Bronx man by a cop who was trying to turn on a pistol-mounted flashlight is at least the second accidental police shooting in the US involving that same flashlight model.
But unlike Saturday’s shooting of 76-year-old Jose Colon — who survived a cop’s bullet to the stomach — an unarmed Texas man died Oct. 13 under what reportedly were strikingly similar circumstances involving the Surefire X300 flashlight
Washington State Joins the Movement for Public Banking
http://www.yesmagazine.org/new-economy/washington-state-joins-movement-for-public-banking
Oh look, common sense seems to be catching on.
Here's hoping it spreads like wildfire.
It's the only sane thing left to do to save "our" collective and individual selves.
Cut out the middle man
Bills were introduced on January 18 in both the House and Senate of the Washington State Legislature that add Washington to the growing number of states now actively moving to create public banking facilities.
The bills, House Bill 1320 and Senate Bill 5238, propose creation of a Washington Investment Trust (WIT) to “promote agriculture, education, community development, economic development, housing, and industry” by using “the resources of the people of Washington State within the state.”
Currently, all the state’s funds are deposited with Bank of America. HB 1320 proposes that, in the future, “all state funds be deposited in the Washington Investment Trust and be guaranteed by the state and used to promote the common good and public benefit of all the people and their businesses within [the] state.”
The legislation is similar to that now being studied or proposed in states including Illinois, Virginia, Hawaii, Massachusetts, Maryland, Florida, Michigan, Oregon, California and others.
Oh look, common sense seems to be catching on.
Here's hoping it spreads like wildfire.
It's the only sane thing left to do to save "our" collective and individual selves.
Cut out the middle man
Bills were introduced on January 18 in both the House and Senate of the Washington State Legislature that add Washington to the growing number of states now actively moving to create public banking facilities.
The bills, House Bill 1320 and Senate Bill 5238, propose creation of a Washington Investment Trust (WIT) to “promote agriculture, education, community development, economic development, housing, and industry” by using “the resources of the people of Washington State within the state.”
Currently, all the state’s funds are deposited with Bank of America. HB 1320 proposes that, in the future, “all state funds be deposited in the Washington Investment Trust and be guaranteed by the state and used to promote the common good and public benefit of all the people and their businesses within [the] state.”
The legislation is similar to that now being studied or proposed in states including Illinois, Virginia, Hawaii, Massachusetts, Maryland, Florida, Michigan, Oregon, California and others.
Postal Service Eyes Closing Thousands of Post Offices
http://www.foxnews.com/politics/2011/01/24/postal-service-eyes-closing-thousands-post-offices/?intcmp=prn_baynote-js_Postal_Service_Eyes_Closing_Thousands_of_Post_Offices
What a sad day it is in this country, when common sense must waste the fiat and have to lobby congress to be able to purge itself of an abscess, that's affecting the health of it's heart, as well as ours.
And isn't it a fine example of the infection that's coursing through the infrastructural veins that make up the the rest of our country, that the political puss is allowed to touch?
We as a nation have gangrene, from the lack of a healthy circulatory system and now we're going to have to cut off parts, one piece at a time, to arrest the infection or make the choice to die.
The question is, what parts should be cut off and how much should be cut.
Great care must be made when choosing lest "we" cut off more than would be healthy for us as a nation.
We rely strongly on the Internet for most of our economic communications as well as processes for the transference of fiat, aka money, thus allowing the risk of deception regarding our transactions (for which we are still fully accountable for) through hacking.
What happens, should that process of transfer (even though flawed)that we all have come to utilize, be totally annihilated? What would happen to the infrastructural system with no way to communicate or be able to transfer funds?
Obama's need for a cyber command tells us that there is a real threat from the thought above, which then brings me back to the point that great care must be made when amputating off parts of the system.
The post office ensures the stability of the country's communication as well as the continuation of the the safe transfer of all of our money transactions should something happen to the "Net" or even the "grid" itself.
It's imperative that common sense must be used, accordingly.
The safety of our nations basic structural communication capabilities, must not be tampered with or bought by the use of lobbyist funding.
Think about it!
The U.S. Postal Service plays two roles in America: an agency that keeps rural areas linked to the rest of the nation, and one that loses a lot of money.
Now, with the red ink showing no sign of stopping, the postal service is hoping to ramp up a cost-cutting program that is already eliciting yelps of pain around the country. Beginning in March, the agency will start the process of closing as many as 2,000 post offices, on top of the 491 it said it would close starting at the end of last year. In addition, it is reviewing another 16,000—half of the nation's existing post offices—that are operating at a deficit, and lobbying Congress to allow it to change the law so it can close the most unprofitable among them. The law currently allows the postal service to close post offices only for maintenance problems, lease expirations or other reasons that don't include profitability.
The news is crushing in many remote communities where the post office is often the heart of
What a sad day it is in this country, when common sense must waste the fiat and have to lobby congress to be able to purge itself of an abscess, that's affecting the health of it's heart, as well as ours.
And isn't it a fine example of the infection that's coursing through the infrastructural veins that make up the the rest of our country, that the political puss is allowed to touch?
We as a nation have gangrene, from the lack of a healthy circulatory system and now we're going to have to cut off parts, one piece at a time, to arrest the infection or make the choice to die.
The question is, what parts should be cut off and how much should be cut.
Great care must be made when choosing lest "we" cut off more than would be healthy for us as a nation.
We rely strongly on the Internet for most of our economic communications as well as processes for the transference of fiat, aka money, thus allowing the risk of deception regarding our transactions (for which we are still fully accountable for) through hacking.
What happens, should that process of transfer (even though flawed)that we all have come to utilize, be totally annihilated? What would happen to the infrastructural system with no way to communicate or be able to transfer funds?
Obama's need for a cyber command tells us that there is a real threat from the thought above, which then brings me back to the point that great care must be made when amputating off parts of the system.
The post office ensures the stability of the country's communication as well as the continuation of the the safe transfer of all of our money transactions should something happen to the "Net" or even the "grid" itself.
It's imperative that common sense must be used, accordingly.
The safety of our nations basic structural communication capabilities, must not be tampered with or bought by the use of lobbyist funding.
Think about it!
The U.S. Postal Service plays two roles in America: an agency that keeps rural areas linked to the rest of the nation, and one that loses a lot of money.
Now, with the red ink showing no sign of stopping, the postal service is hoping to ramp up a cost-cutting program that is already eliciting yelps of pain around the country. Beginning in March, the agency will start the process of closing as many as 2,000 post offices, on top of the 491 it said it would close starting at the end of last year. In addition, it is reviewing another 16,000—half of the nation's existing post offices—that are operating at a deficit, and lobbying Congress to allow it to change the law so it can close the most unprofitable among them. The law currently allows the postal service to close post offices only for maintenance problems, lease expirations or other reasons that don't include profitability.
The news is crushing in many remote communities where the post office is often the heart of
Friday, January 21, 2011
Why "We didn't know" doesn't work anymore
http://online.wsj.com/article/SB10001424052748703959104576082313921593064.html?mod=WSJ_RealEstate_LeftTopNews
Only after 5 years can the truth come out because that's how long it takes before you can see for yourself what the FED meetings are really all about.
Didn't America have the right to know before the banks were allowed to suck this country dry?
Federal Reserve officials acknowledged a housing-market bubble more than a year before U.S. house prices peaked, but they showed little inclination to address it, according to transcripts of their 2005 meetings released Friday.
Janet Yellen, then the San Francisco Fed president and now the Fed vice chairman, said at the June 2005 meeting that newer financing options, such as interest-only mortgages, were widely viewed as "feeding a kind of unsustainable bubble." But she suggested that higher prices themselves were "curtailing effective demand for housing at this point and that house appreciation probably is poised to slow. So the increasing use of creative financing could be a sign of the final gasps of house-price appreciation at the pace we've seen and an indication that a slowing is at hand."
Only after 5 years can the truth come out because that's how long it takes before you can see for yourself what the FED meetings are really all about.
Didn't America have the right to know before the banks were allowed to suck this country dry?
Federal Reserve officials acknowledged a housing-market bubble more than a year before U.S. house prices peaked, but they showed little inclination to address it, according to transcripts of their 2005 meetings released Friday.
Janet Yellen, then the San Francisco Fed president and now the Fed vice chairman, said at the June 2005 meeting that newer financing options, such as interest-only mortgages, were widely viewed as "feeding a kind of unsustainable bubble." But she suggested that higher prices themselves were "curtailing effective demand for housing at this point and that house appreciation probably is poised to slow. So the increasing use of creative financing could be a sign of the final gasps of house-price appreciation at the pace we've seen and an indication that a slowing is at hand."
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