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Blog Post
1/21/2010
Posted by Carmen Balber
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
CONTACT CONTACT: Carmen Balber, (202) 629-3043
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
Judy Dugan
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...
Blog Post
11/18/2009
Posted by Mark Reback
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...
Blog Post
9/25/2009
Posted by Carmen Balber
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...
News Release
9/22/2009
CONTACT CONTACT: Carmen Balber, 202-629-3043; or Jerry Flanagan, 310-392-0522 x319
$30M in Industry Money Clouding Debate, Says Consumer Watchdog Washington, D.C. – The health care industry and its lobbyists have hosted at least 130 fundraisers this year for members of Congress who sit on the five key committees responsible for crafting a health care overhaul, according to an analysis released today by the nonpartisan...
Blog Post
9/13/2009
Posted by Carmen Balber
Things got busy fast this week in DC as Congress returned from the month-long summer break. Finance committee chair Sen. Max Baucus released his long-awaited health reform proposal on Tuesday after months of closed-door meetings with the so-called “Gang of Six,” and President Obama stood up the next day for a speech in the House where...
Blog Post
8/26/2009
Posted by Carmen Balber
Two money-in-politics reports were released today that shine a spotlight on the campaign contrbutions that banks and other financial services companies have thrown at members of Congress to influence the financial reform debate. From Public Citizen:  Lobbyists, political action committees (PACs) and trade associations tied to the banks...
Blog Post
7/31/2009
Posted by Carmen Balber
What with the future of health care reform being shaped in both the House and Senate this week (not to mention the other big ticket issues, like overhauling the financial regulatory system) one might be tempted to believe that members of Congress are laser-focused on legislating before they leave for the summer recess. It might even make sense to...
News Release
7/21/2009
CONTACT CONTACT: Carmen Balber, (202) 629-3043; or Jerry Flanagan, (310) 889-4912 - cell
Senator Max Baucus, A Leading Architect of Health Care Reform, Received More Industry Contributions Than Any Other Congressional Candidate WASHINGTON, DC -- Health insurers and drug companies gave a combined $6.1 million to the top ten recipients in each house of Congress since 2005, according to a study released today by the non-profit Consumer...