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Blog Post
11/19/2008
Posted by Consumer Watchdog
Do you wonder what the insurance giant AIG is doing with its $150 billion-with-a-b in taxpayer bailout money? Well, this is what showed up in my mailbox today. Thick cardboard stock, high-gloss finish, about 8x10 and cut out in pretty, ocean-y shapes. Trust me, this scan doesn't do it justice.  These things cost a bundle, maybe $10 each...
News Story
11/19/2008
Posted by Consumer Watchdog
WASHINGTON DC -- The health insurance industry said Wednesday it will support a national health care overhaul that requires them to accept all customers, regardless of pre-existing medical conditions — but in return it wants lawmakers to mandate that everyone buy coverage. Lawmakers have signaled their intent to craft health care legislation...
News Release
11/19/2008
Posted by Consumer Watchdog
Santa Monica, CA -- Consumer Watchdog said the health insurance industry's support of national health care reform on the condition that it includes a requirement that every American buy insurance coverage -- the so called "individual mandate" -- is self-serving.  The proposal amounts only to a customer delivery system for the...
News Release
11/18/2008
Posted by Consumer Watchdog
New Video Shows Privacy Problems With G-Mail   Washington, DC -- Consumer Watchdog released a new on-line video exposing privacy problems with Google’s Gmail service and other Google applications in the wake of Google’s recent marketing efforts on Capitol Hill.   At a speech in Washington D.C. today, Google CEO Eric...
Blog Post
11/12/2008
Posted by Consumer Watchdog
As Google grows into the behemoth of personal computing that it apparently wants to become, the firm has apparently decided to get bigger in another realm: political influence.  As we recently noted, Google made its first donations directly to politicians in its home state of California in October, just as public scrutiny of the company has...
News Release
11/12/2008
Posted by Consumer Watchdog
Santa Monica, CA -- Consumer Watchdog countered Senator Max Baucus' (D-Mt) contention that the mandatory purchase of health insurance was popular with Americans by pointing to a poll showing that voters overwhelmingly reject requiring proof of private health insurance when they are told they might have to pay some of the premium costs. Less than...
News Story
11/10/2008
Posted by Consumer Watchdog
UNINTENDED CONSEQUENCES - OUR VIEW First it was insurance giant American International Group that was found to have spent $440,000 of taxpayer bailout money on an executive retreat that included spa treatments, golf outings and parties. Now the government has found an area of the bailout with unintended consequences that allows companies such as...
News Story
11/6/2008
Posted by Consumer Watchdog
WASHINGTON D.C. -- When the government took over mortgage giants Fannie Mae and Freddie Mac, taxpayers inherited more than just bad debts. They're also potentially on the hook for tens of millions of dollars in legal fees for the executives at the center of the housing market's collapse. With the Justice Department investigating companies involved...
News Story
10/31/2008
Posted by Consumer Watchdog
It posts net income of $14.83 billion, the biggest profit ever for a U.S. company, amid sky-high oil prices. Riding record oil prices in the third quarter, Exxon Mobil Corp. on Thursday posted the biggest quarterly profit ever for a U.S. company: $14.83 billion, or about $112,000 a minute. The results, amounting to $2.86 a share, beat the Irving,...
News Release
10/31/2008
Posted by Consumer Watchdog
Current Oil Price Breather Is Right Time for Action to Prevent Next Speculative Bubble, Says Group   Santa Monica, CA -- The oil industry’s third-quarter reports ended today with Chevron Corp, which more than doubled its profits to $7.9 billion while the U.S. and world economies slid toward recession, said Consumer Watchdog. Nearly $1.5...