by Damozel | Grayson questions the Federal Reserve Inspector General, Elizabeth Coleman, about those trillions of dollars and where they went. Um..... Watch the question not being answered, after the jump!
by Damozel | While we were busy with other things, BN Politics's favorite Congressman, Alan Grayson (D-Fl), was busy up in DC doing what he said he would. (Extraordinary that this should seem extraordinary.) Yesterday he voted with a bipartisan majority of 300 to 114 in favor of the bill. From yesterday's press release:
The [Mortgage Reform and AntiPredatory Lending Act of 2009] helps to stop the kinds
of predatory and irresponsible mortgage loan practices that played a
significant role in the current economic meltdown. It also prevents
borrowers from deliberately misstating their income to qualify for a
loan. These long-overdue and common-sense reforms perhaps could have
prevented the current crisis.
by Damozel | Can we hear an "Amen" and a round of cheers from our friends on the left? The bill was sponsored by Democrats Barney Frank (MA) and Carolyn Maloney (NY) and is supported by Consumers Union, Consumer Federation of America, Consumer Action, Center for Responsible Lending and U.S. Pirg. (SeattlePi) Grayson says:
H.R. 627 is a comprehensive
credit card reform package aimed at leveling the playing field between
credit card companies and consumers. It will abolish industry abuses
that have been described by regulators as “unfair,” “deceptive,” and
Grayson said, “Banks have to make their profit by lending, not by
rip-offs and big fees. This bill protects the consumer from predatory
banking, just at the time when people need that protection the most.”
Rep. Alan Grayson gives a floor statement supporting his first bill, the Pay for Performance Act, which caps executive pay for companies partially owned by the taxpayer (through the TARP program). Under this bill, taxpayer owned companies must pay their employees a salary that is not unreasonable or excessive, and bonuses must be performance-based. (Rep. Alan Grayson)
by Deb Cupples | Rep. Alan Grayson (D-FL) is the type of congressman that every district deserves: a guy who seeks answers and accountability. Before going to Congress, Grayson went after government contractors that had robbed us taxpayers (see Vanity Fair).
Since going to Congress this year, Grayson has grilled a few of the people involved in our nation's financial meltdown and the Wall Street bailouts. We posted videos of Grayson's grillings here and here.
Yesterday, Rep. Grayson did a live chat at Firedoglake. One participant asked him what sort of responses he got after the public grillings. Grayson's answer:
by Deb Cupples | I just came across the video below, though the hearing occurred some weeks back. It's a good watch and only about six minutes.
Rep. Alan Grayson (D-FL) does a good job of grilling Fed Vice Chair Donald Kohn about where our tax dollars have been going via TARP (a.k.a., the Wall Street Bailouts). Mr. Kohn doesn't do much to clarify the issue.
Still, Grayson's efforts serve as a shining example of what we voters send people to Congress to do: keep track of our money and demand government accountability. Also, check out Glen Greenwald's radio interview with Grayson here.
About a month ago, independent financial analyst Harry Markopolos testified before the House Financial Services Committee about Bernie Madoff -- a financial player who reportedly cheated his clients out of some $50 billion.
Mr. Markopolos said that he had -- some years back -- given to U.S. Securities and Exchange Commission officials detailed information about what questions they should be asking about Mr. Madoff's schemes.
Mr. Markopolos testified that SEC officials simply did not follow up. How many of Madoff's victims might have been spared huge losses had the SEC simply done its job?
Mr. Markopolos found that under President Bush, there was essentially zero enforcement against securities fraud. Below is a YouTube video clip of Mr. Markopolos exchange with Rep. Alan Grayson (D-FL). It's well worth watching and only about four minutes.
by Deb Cupples| If ever there were a night worthy of bubbles, it was last night. So, I opened a bottle of champagne and fixed a mimosa. I didn't sip it straight, because I needed my RDA of vitamin C.
We Americans made history last night by electing our first black president, but it's far more than that. Americans have awakened, horrified by what they've grown accustomed to over the last eight years, and they've roared their demand for changes in how America does business.
by Deb Cupples| By now, most people likely know whether they're voting for Barack Obama or John McCain today. I didn't decide until August, just before the Democratic Convention.
During the primaries, I supported Hillary Clinton. Even her impressive plea back in June for her supporters to vote for Obama didn't move me. Why? Because I am genuinely troubled by some of Obama's stances.
The reason it was easy for me to vote for Obama this past Saturday: I am even more troubled by McCain.
by Deb Cupples| Alan Grayson and Tim Cunha are my picks for Congress in North and Central Florida.
Alan Grayson is challenging incumbent Ric Keller in District 8 (which includes parts of Lake, Marion, Orange, and Osceola Counties). Mr. Keller has proven himself a Bush-style Republican. Need I say anything more than haven't we had enough?
Tim Cunha is challenging incumbent Cliff Stearns in District 6 (which includes parts of Alachua, Bradford, Clay, Gilchrist Duval, Lake, Levy, and Marion Counties). Mr. Stearns has also proven himself to be of the George Bush ilk -- only he's been at it far longer than Mr. Keller.
For more info, check out Alan's and Tim's websites. You can see more about why I like Alan and Tim here and here, respectively.
Great piece by Nicole Belle on Alan Grayson, who we pray will be elected so he can set an example for certain spineless Democrats who always cave under pressure. Somehow, I can't see that ever happening with Grayson. He's not in my district, but that doesn't matter to me; he's the sort of Democrat I want to see leading the next generation in Congress.
Alan Grayson, the progressive Democrat running... in Orlando [against] Ric Keller, has had some of the best press of
anyone running for Congress this year. The Vanity Fair feature about his work fighting for taxpayers against Iraq war profiteers is powerful and the article Harper's
did on Keller...probably has had a great deal
to do with why Grayson is ahead of Keller in all the polling-- ahead
and widening the gap.
Congratulations to contractor-fraud-fighting attorney Alan Grayson, of Orlando, who won his Democratic primary for U.S. House in Florida's District 8 (which includes parts of Orange, Osceola, Marion and Lake Counties).
In November, Alan will square off against incumbent Republican Ric Keller, who seems incapable of voting in a way that would displease George Bush or the corporate potentates that our current president so loyally serves.
I can't resist running Alan's latest ad again to give you a glimpse of why I'm so in Alan's corner (that and linking to the impressively detailed Vanity Fair article about Alan).
by Deb Cupples| We need people in Congress who will push public policy that actually serves the public. Contractor-fraud attorney Alan Grayson is one of those people, and his primary election is today, August 26 (Florida's District 8 includes parts of Orange, Osceola, Marion and Lake Counties).
Check out the ad video below and an interview video (after the jump) of Alan discussing our nation's energy crisis.
by Deb Cupples| Because of gerrymandering redistricting in 2000, Florida has oddly shaped congressional districts, some occupied by Bush Republicans who dislike public policy that actually serves the public. Yes, that's a euphemism, so I'll clarify: some of those Bush Republicans have outright betrayed us taxpayers over and over and over again -- not only in Florida but nationwide.
In November, one of those Bush Republicans -- Ric Keller -- is up for re-election in Florida's District 8 (which includes parts of Orange, Osceola, Marion and Lake Counties). Fortunately, attorney Alan Grayson of Orlando is challenging Mr. Keller.
As my Damozel wrote last week at The Moderate Voice, "Grayson is one behind whom honest Republicans as well as Democrats ought to rally." The ad below will give you an idea of why I hope you will help Alan Grayson win his primary on August 26.
Because of his track record suing defense contractors, Grayson is
completely uninterested and unintimidated by ridiculous arguments about
secrecy and national security. He thinks that war crimes have been
committed, that people need to be put in prison, and that we absolutely
cannot let bygones be bygones with the 2000-2008 era. He's also
running a good campaign with one of the best commercials I've ever seen., and doing it without any help from the DC establishment.
by D. Cupples | I first learned about whistle-blower attorney Alan Grayson in September, when he explained to Truthout that our Justice Department had shirked its duty to prosecute fraud cases involving certain government contractors. Weeks later, Vanity Fair did an in-depth piece on Grayson's one-man crusade against war profiteers and other contractors who've robbed us taxpayers as though we were blind, paralyzed, unarmed bank guards.
Contractor waste and fraud are huge issues at BN-Politics (see posts here), so I was thrilled to learn that Grayson decided to run for Congress in Florida. I'm even more thrilled that Grayson fever is spreading: about a week ago, he received endorsements from blogosphere heavy-hitters including Blue America, Crooks and Liars, Digby, Down with Tyranny, and Firedoglake.
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