Well one thing will be resolved with the GOP Tax Bill,

Some Firms Elude Anti-Money Laundering Rules

A regulation requiring broker-dealer subsidiaries of banks to report suspicious activities to the government has gone unenforced since passage of the Gramm-Leach-Bliley Act, the General Accounting Office reported. As a result, large portions of the financial system are outside the reach of anti-money laundering initiatives.

A regulation requiring broker-dealer subsidiaries of banks to report suspicious activities to the government has gone unenforced since passage of the Gramm-Leach-Bliley Act, the General Accounting Office reported. As a result, large portions of the financial system are outside the reach of anti-money laundering initiatives.

The regulation, issued by the Treasury Department in 1996, requires depository institutions-including broker-dealer subsidiaries-to file Suspicious Activity Reports, or SARs, whenever criminal activity is suspected.
 
We do need spending cuts. DoD is a good place to start. Social Security is not a big problem, though they should increase the dollar limit on taxation or create a donut hole.

Medicare is going to implode. We cannot continue to see the increases in the health care industry outpace the rest of the economy. We have to address the causes of cost increases. Starting with the overly litigious nature of our society, especially within that sector.


You really don't understand how these things work. The politics have nothing to do with what 'should' be cut for any reasons of what's good for the country or the economy. It's entirely about the donors the politicians work for. The defense industry, Wall Street, big pharma, insurers - theses are all the owners of the Republican Party.

So when the deficit hawks start screaming for cuts, the option of cutting military spending will not be in the discussion. The discussion will be entirely about cuts to the American people like Medicare and Social Security and much else.

I agree with you on one point - that we need to look at ways to reduce the costs of healthcare. Here's a hint about the best way: the rest of the world has single-payer and not one country spends more than half what we do.

The problem is NOT the legal system. That's propaganda by Republicans who want to deny the American people who are victims of wrongs, and who sue insurance companies, justice for the profits of their owners, the insurers.
 
11-24-2007,*10:43 AM
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evince
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The coming economy
http://www.upi.com/NewsTrack/Busines...ge_90_pct/4876


It does not bode well.


Forecast: U.S. dollar could plunge 90 pct


Published: Nov. 19, 2007 at 2:16 PM
RHINEBECK, N.Y., Nov. 19 (UPI) -- A financial crisis will likely send the U.S. dollar into a free fall of as much as 90 percent and gold soaring to $2,000 an ounce, a trends researcher said.

"We are going to see economic times the likes of which no living person has seen," Trends Research Institute Director Gerald Celente said, forecasting a "Panic of 2008."

"The bigger they are, the harder they'll fall," he said in an interview with New York's Hudson Valley Business Journal.

Celente -- who forecast the subprime mortgage financial crisis and the dollar's decline a year ago and gold's current rise in May -- told the newspaper the subprime mortgage meltdown was just the first "small, high-risk segment of the market" to collapse.
 
it will expose and finally put an end to the conservatives' fraudulent claim that they are so concerned about deficits/debts and how they damage the economy, jeopardize the county's future, our grandchildren, yada yada yada

Proves once again it never had anything to do with ideological beliefs nor economic principles, they just hated the fact Obama was President, you can decide the why but it seems pretty obvious

It's quite obvious as to why you loved Obama as President. You keep puckering to his black ass to prove it, NL.
 
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