Sunday, March 21, 2010

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USA Health Care Law Passes!

USA Health Care Law Passes!

For the USA, a historic vote in the US House, full of all the things controversial & messy, which make watching American politics so interesting for the rest of the world. The USA now moves into the 21st century with heath care finally being made affordable for the people. The insurance industry had to know, just like the bankers are going to find out, that you cannot buy legislation that is harmful to the US for a long period of time that will not suffer a reversal, which swings the pendulum far in the other direction.

Health Care reform was so needed to counter the for profit abuses of the insurance companies who would callously and routinely deny coverage to those that needed it desperately. Children that are born sick cannot be denied coverage anymore and those that get sick cannot be denied coverage. This law is huge as many were paying premiums for a long time and then when they got sick, the insurance companies would look for reasons to deny them coverage, or to end their coverage.

Also included were provisions that remove student aid from the US banks and takes it into the government. Pell grants really help low income people get a chance at the American dream by educating themselves.

Next up in the USA is new legislation for immigration reform, which shows the power that the Hispanic community is wielding today, as they exert their power to get things that help their communities.

Friday, March 19, 2010

Lawsuit MadoffwithmyMoney Family!

Their is a new lawsuit against the Madoff family members that were involved with the massive ponzi scheme that was the finical ruin of many investors who were seeking high returns and not doing their homework and checking out the investments. Normally a lawsuit against the government would be a waste of time do to laws that prevent the government from being sued but the lawyers that are bring the case seem to think that they have the legal grounds to make the SEC liable, which if they succeed would be a very interesting precedent.

The lawsuit seeks roughly 200 million dollars from the family members of Madeoffwithmymoney fame. they specifically are seeking 198,743,299 now if it was me I would have really tried hard to get that amount over 200 million instead of just 198,743,299 because 200 mil is a much bigger number, Lucky for Bernie's family that it was 1,256,701 otherwise this could have been a really serious case!

I really hope we get to see all of them in jail.

You know what is really funny is that the pictures that they use of Bernie make look like George Washington Makes cents when you are talking big money!