New derivatives legislation "was probably written by JPMorgan and Goldman Sachs"
Who drafted this dubious piece of legislation? Bankers (or their lawyers) did. The leading sellers of derivatives are an exclusive club of five very large financial institutions--Citigroup, JPMorgan Chase, Bank of America, Morgan Stanley and Goldman Sachs--that hold 95 percent of the derivatives exposure among the largest banks (the total contract value exceeds $290 trillion). These are the same folks who toppled the global economy and compelled government to intervene with gigantic bailouts.
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Health insurance company won't sell woman coverage unless she gets herself sterilized
The committee also heard from women such as Peggy Robertson of Colorado, who read a letter from her insurance company. Robertson testified that because she'd already given birth via cesarean, when she tried to get an individual policy in Colorado, her insurance company considered it a pre-existing condition and wouldn't insure her unless she could prove she'd been sterilized.
That "put me on the edge of my chair," said the chairwoman of the committee, Sen. Barbara Mikulski, D-Md., calling it "offensive and morally repugnant."
"No one in the United States of America, in order to get health insurance, should ever be coerced into getting sterilized," Mikulski said.
IMF Official Is in Critical Condition After Bethesda Shooting
Oct. 9 (Bloomberg) -- Ashoka Mody, an assistant director of the International Monetary Fund’s European department, was in critical condition today after he was shot in the garage of his Bethesda, Maryland home last night, police said.
Mody, an economist originally from India, has worked at the IMF for eight years and is mission chief to Germany and Ireland, spokeswoman Jennifer Ann Beckman said in an interview.
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Steny Hoyer: Worst Democrat Alive, or Ever?
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