kleptocracy

Who does Thomas Donahue really represent?

Thomas Donahue is the President of the US Chamber of Commerce and is coordinating a multimillion dollar campaign against health care reform. He is also is on the board of Sunrise Senior Living, a nursing home. Should single payer become law nursing homes would be hit by a double whammy of forced increase of quality, specifically they would have to hire more staff, and receive lower payments. No more funneling all the money to the top and cheat old people and workers.

But is that really in the interest of members of the US Chamber of Commerce? Most of them would benefit from a single payer system, their health costs would plummet and their employees would not longer have to worry about health care.

SEC: Fair Market Value might be "disorderly" or cause liquidity problems

SEC Loosens Accounting Rule Banks Blame for Crisis

The standard, also known as "mark to market," has led portfolios to plunge in recent months as banks affixed fire sale prices to their assets, a move that sometimes required them to raise still more capital to meet regulatory requirements. The measure also led to clashes between corporate executives and independent auditors over how low the markdowns should be forced to dip.

Kleptocrat fatigue

Yuletide cheer, Katrina contractors! Enjoy your no-bid billions in fraud.