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Political & Elections -> Political & Elections - 2014 -> Regulation and Oversight on business
Post Info TOPIC: Regulation and Oversight on business
longprime


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Posts: 2549
Date: Oct 14, 2012
RE: Regulation and Oversight on business-Home Loans
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http://online.wsj.com/article/SB10000872396390443294904578050992234591514.html

"The government alleges Wells Fargo took shortcuts on thousands of mortgages fromMay 2001 through October 2005 and illegally foisted them upon the FHA. It also alleges the bank failed to report more than 6,000 loans that went bad between 2002 and 2010—which may be one reason why it took so long to file this lawsuit."

If you were any way associated with this industry, you would know that during this time, it was a corrupt industry with virtually no oversight. What was reported as fraud in 2002-2005, was ignored by the regulatory agencies because their new focus was on on domestic and foreign terrorism. In the end, USA has more to fear in its own honesty than foreign and threats from without. 

Utah, has no lack of bank failures from fraudulant loans. Unbelievable in a God fearing state. 



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longprime


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Posts: 2549
Date: Oct 12, 2012
Regulation and Oversight on business
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Who has the greater leverage: Compounding drug companies, Tort Lawyers, Congress, treating doctors, treating hospitals, and of course  the insurance companies. The Public and agreived people have the least voice? Correct? 

Wager that we will have hearings next year, and a Republican House will overwhelmingly pass a new law requiring regulation but will not fund the regulation or have a method of industry funding.  Now we know what thiomersal/thimersal/merthiolate/merthiolaid  is used for. Eventually, small firms will go away because of the cost of private insurance, and Big Pharma will take over this market segment. 

Good luck on ANY  injections. 



-- Edited by longprime on Friday 12th of October 2012 05:01:43 PM

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longprime


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Posts: 2549
Date: Oct 9, 2012
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http://www.reuters.com/article/2012/10/10/us-usa-health-meningitis-idUSBRE8970TQ20121010

Well it took about a week for something to hit MSM and then to Yahoo, -- Question, Should the Feds regulate drug compounders? Which is really an after thought to the real question of should the FEDS be involved at all. IMO-Buy life insurance and have a lawyer on retainer. I thereby employe the Life Insurance salesperson, the life insurance industry, and investment industry that the LI uses its excess premiums and hedging strategies, and the local lawyer and his tort advisers. evileye

People forget that often times it is the Industry who wants the Feds to be involved. Medicare is the poster industry where health insurance companies saw in the 60's that Young Boomers with low health insurance risk/premiums eventually become Old Boomers with unknown risk/highcost clients. Medicare was just a mechanism for HI to avoid the big risks of Old People while collecting premiums on the remainder. 

Tis is the season of Open Enrollment for Medicare. Advantage programs are going to be right up there in political ads. Guess where the money is; Either Medicare Advantage programs or Medicare Gap/Supplemental?evileye

 



-- Edited by longprime on Tuesday 9th of October 2012 09:56:31 PM

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