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Blog Post
1/21/2010
Posted by Consumer Watchdog
Consumer Watchdog just finished a big report about all the ways Wall Street is spending money into Congress to neuter financial reform. After all, it was the financial industry that greased the wheels of deregulation in Congress in the decade leading up to the economic meltdown. Now the big banks and Wall Street are sending legions of lobbyists to...
News Release
1/21/2010
Posted by Consumer Watchdog
Flood of Dollars Looks Like “Wall Street Buying Votes,” says Watchdog; More Massachusetts-Style Backlash Likely If Consumer Protections Are Dropped Download updated report. Washington, DC – A report released today by Consumer Watchdog on the financial industry’s efforts to neuter the financial reform bill in Congress, and...
Blog Post
1/18/2010
Posted by Consumer Watchdog
Dr. Martin Luther King Jr. said little about health care, though the one fragment that is quoted leaves no doubt about where he stood: “Of all the forms of inequality, injustice in health care is the most shocking and the most inhumane.” The quote is hard to confirm (see notes below), but health care proponents losing ground to a fear...
News Story
12/11/2009
Posted by Consumer Watchdog
Federal Consumer Protection Laws Could Preempt State Laws A standoff this week that threatened to stall House debate over sweeping financial regulatory reform ended with a deal seen as a victory for the nation's big banks. Rep. Melissa Bean (D-Ill.) and other moderate Democrats briefly held the so-called Wall Street Reform and Consumer Protection...
News Story
11/23/2009
Posted by Consumer Watchdog
Sen. Max Baucus will be busy the next few weeks trying to steer a massive health care reform bill through Congress, but he will not be so busy that he won't be able to find time to hit Washington's fundraising party circuit. Mr. Baucus, a Montana Democrat who chairs the powerful Senate Finance Committee, is scheduled to attend a "birthday...
Blog Post
11/18/2009
Posted by Consumer Watchdog
Oh, this is rich... The Sacramento Bee reports that Arnold collected $250K last year to finance his political reform ballot measure, Prop 11, from Scott Rothstein, the guy who is now being accused of running a massive Ponzi-style investment fraud in Florida.   Technically, the money went to the Prop 11 campaign, but Prop 11 was Arnold's pet...
News Story
11/13/2009
Posted by Consumer Watchdog
A $5,000-per-ticket “national innovation conference,” hosted by the Democratic Senatorial Campaign Committee and attended by senators including New Mexico’s Jeff Bingaman, is being criticized by a consumer watchdog group that says it gives the appearance of “pay to play.” “Senators should discuss...
News Story
11/13/2009
Posted by Consumer Watchdog
A Democratic Party-sponsored "national innovation conference" to examine key policy and technology issues at Google's headquarters beginning today has critics charging that the $5,000-and-up ticket prices limit access to the event to Silicon Valley high rollers and raise the specter of "pay to play" politics. Consumer Watchdog...
News Story
10/30/2009
Posted by Consumer Watchdog
SACRAMENTO, CA — Attorney General Jerry Brown is facing accusations that he cleared the way for a ballot measure summary that was favorable to an insurance company that has contributed to his campaign coffers. The ballot measure, backed by the Mercury General Corp., the state's third largest auto insurer, would allow insurance companies to...
Blog Post
9/25/2009
Posted by Consumer Watchdog
Outrageous insurance company practices have been in the spotlight all year (like the recent revelation that 'history of domestic violence is a pre-existing condition) but a lot more critique seemed to break through the din this week. (See CW’s exposure of internal insurer documents on other uninsurable conditions – like being a...