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"Government is not the solution…it is the problem" -Ronald Reagan



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Archive for June, 2007

Supreme Court rules against McCain-Feingold gag order law

Posted by Stephen on June 30, 2007

OpEd by Newt Gingrich

In a substantial and important victory for democracy and free speech, the Supreme Court just hours ago announced that the McCain-Feingold campaign finance reform law cannot completely stifle the free speech of citizens and groups such as Wisconsin Right to Life, which brought the challenge to the McCain-Feingold law’s assault on liberty.

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Posted in A. U.S. Politics, I. Society, Op-Eds | Leave a Comment »

Texas Attorney General Abbott secures judgment to shut down unlicensed payday lender

Posted by Stephen on June 29, 2007

In El Paso, Texas Attorney General Greg Abbott secured a court judgment against Advance Internet, also known as Texas Advance Internet, an unlicensed payday lender. The court judgment prohibits the El Paso-based company from continuing its unlawful predatory lending activities.

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Posted in F. Business and Economy, I. Society | Leave a Comment »

From the Wall Street Journal comes: ‘Lending a Hand’

Posted by Stephen on June 28, 2007

How Wall Street Stoked The Mortgage Meltdown Lehman and Others Transformed the Market For Riskiest Borrowers

By MICHAEL HUDSON

Twelve years ago, Lehman Brothers Holdings Inc. sent a vice president to California to check out First Alliance Mortgage Co. Lehman was thinking about tapping into First Alliance’s lucrative business of making “subprime” home loans to consumers with sketchy credit.

The vice president, Eric Hibbert, wrote a memo describing First Alliance as a financial “sweat shop” specializing in “high pressure sales for people who are in a weak state.” At First Alliance, he said, employees leave their “ethics at the door.”

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Posted in F. Business and Economy, I. Society, Op-Eds, Uncategorized | Leave a Comment »

Waynesboro leaders have an opportunity to do what is right

Posted by Stephen on June 26, 2007

“Waynesboro city is not against us…they are just going by the book. I don’t blame them for that. I know they support us because they’ve helped fund us,” shared Stacy Long, executive director of New Directions. Now the question is will Waynesboro City Council take the steps necessary to support women and children in need?

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Posted in D. Waynesboro, I. Society, Op-Eds | 1 Comment »

Writers call for alternatives to payday loans

Posted by Stephen on June 25, 2007

OpEd By: WARD R. SCULL AND MIKE H. LANE

For decades now the gap between the rich and poor in America has been growing. And this widening chasm between classes has resulted in another glaring gap – the deficit between those individuals with access to reputable financial services and those who have had the door slammed shut on mainstream financial options. Predatory payday lending has sprung up as one of the grimmest alternatives to address the needs of Virginia’s working poor.

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Posted in C. State Politics, F. Business and Economy, I. Society, Op-Eds | Leave a Comment »

Farm bill could hamstring state food safety and animal welfare agencies

Posted by Stephen on June 22, 2007

Forty consumer, environmental, farmer and animal welfare groups today announced their opposition to a sweeping provision in the 2007 Farm Bill that wipes out critical state and local authority to protect food safety, the environment, and humane animal treatment.  The provision, Section 123 of Title I, was quietly inserted in the House bill several weeks ago by the Livestock, Dairy, and Poultry Subcommittee.

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Posted in A. U.S. Politics, F. Business and Economy, I. Society | Leave a Comment »

Coulter: ‘Duke and Marmaduke’

Posted by Stephen on June 21, 2007

OpEd By Ann Coulter
Legal Affairs Correspondent, Human Events
 
There is nothing so dangerous as a Southern liberal hoping to be invited to a Graydon Carter party.

As is now well-known, Durham prosecutor Mike Nifong falsely accused three white Duke lacrosse players of gang-raping a stripper, even as evidence piled up proving it never happened. In the weeks after an unstable stripper — or, since this is not a Hollywood movie, “a stripper” — accused the players of rape, Nifong stated on national TV: “I am convinced that there was a rape.” He called the players “hooligans,” contemptuously sneering that their “daddies could buy them expensive lawyers.”

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Posted in A. U.S. Politics, I. Society, Op-Eds | Leave a Comment »

Car title loan industry; Does settlement allow huge interest rates?

Posted by Stephen on June 20, 2007

By CHRIS FLORES Daily Press

One car title practice is banned, but the state also indirectly approves its basic model.

It might have looked like a win last week for opponents of what some call predatory lending when Virginia Attorney General Bob McDonnell entered into a settlement with Loan Max, the car title lender. The deal will benefit Virginia consumers who spent large sums or lost their vehicles after they couldn’t repay a loan during parts of 2004 and 2005. But the legal process had a side effect: Consumer advocates say it threw open the doors for car title lenders to continue standard industry practices that include charging huge interest and fees.

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Posted in C. State Politics, F. Business and Economy, I. Society | Leave a Comment »

Newt Gingrich: ‘Ten Simple Steps to a Legal American Immigration System’

Posted by Stephen on June 19, 2007

Those who are trying to force through the Bush-Kennedy-McCain immigration proposal argue that only their version of comprehensive reform will work. They are simply wrong.

Forget that their bill is impossible to implement and that there is no evidence the federal government could possibly administer a Z visa for 12 million-plus (your government cannot tell you to within a million what the number is) people who are here illegally. Read the rest of this entry »

Posted in A. U.S. Politics, I. Society, Op-Eds | Leave a Comment »

Pentagon Rules Leave Military Families Vulnerable to Predatory Lenders

Posted by Stephen on June 18, 2007

The Virginia Partnership to Encourage Responsible Lending (VaPERL) joined the Consumer Federation of America, Center for Responsible Lending and the National Consumer Law Center in urging the Department of Defense to protect military families as Congress intended.

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Posted in C. State Politics, F. Business and Economy, I. Society, Op-Eds | Leave a Comment »