Thursday, July 5, 2012

Health - Blood Pressure

The Latest Blood Pressure Drug Snafu 



 
When I was growing up, my Mom used to tell me that you don't get
anything in life for free. There's always a price.

That was a good lesson when it came to things like studying to get good grades, saving my babysitting money to buy a pair of "Jordache" jeans (I know, I'm dating myself) or stretching for hours to get into a full split so I could make the cheerleading squad.
Unfortunately, it's also true concerning prescription drugs.
You see, as much as they promise freedom from your symptoms if you just "Ask your doctor if XYZ drug is right for you," there's ALWAYS a price to pay, my friend.
And it's not just the exorbitant cost.
It's the side-effects which many times can be as bad as or WORSE than your original problem!
 

Here's an example of this that just surfaced recently:
No more high blood pressure...but Celiac instead?
The Mayo Clinic recently reported that 22 of their patients that were taking the popular blood pressure drug Benicar (olmesartan) developed symptoms of Celiac disease.
None of the patients tested positive for Celiac with blood tests, so they suspected that the drug was the likely culprit behind the symptoms.
Sure enough, they were right. When the patients stopped taking olmesartan their symptoms seemed to subside.
A detailed follow-up investigation showed that the patients who took olmesartan had, in fact, sustained VERY serious intestinal damage as a result of the drug, and that the damage began to heal only after they stopped it.
Interestingly enough, the Mayo Clinic's Dr. Joseph A. Murray (head of the study) had actually reported these and other serious side effects associated with this type of drug to the FDA back in 2009.
But the FDA ignored the evidence and stated that it was "not definitive enough to verify a 'statistically significant' association between Celiac disease symptoms and the drug."
Hmmm...doesn't exactly give you a warm, fuzzy feeling, does it?
And this is just one of HUNDREDS of examples.
 

Does no symptoms equal great health?
The big issue here is that, regardless of what your health issues may be, an absence of symptoms does NOT mean you're healthy!
That would be like thinking that a car engine that's ready to blow up is OK because there is no smoke billowing out from under the hood yet.
If you are relying on one or more prescription drugs day in and day out, let me enlighten you: You are NOT healthy--you have a chemically-induced absence of symptoms, and you are basically a ticking time bomb.
 

Why are there so many time bombs around?
According to the CDC, at least HALF of Americans take at least one prescription drug every single day.
1 out of 4 of us takes 2 or more drugs each day, and 1 out of 10 people takes 5 or more! Every single day!
The obvious question is: What is going ON here?
Well, let's think about this...
The diets most people have today are absolutely perfect...
...perfect for making the drug companies richer, that is.
As a result of the acid-loaded, needs-a-Herculean-effort-by-your-system-to-digest-it diet the average person has today, we are suffering from head to toe.
And so Big Pharma is swimming in the money each and every time you take a bite, thank you very much.
Acid creating diets wreaks havoc with your body and is THE single most significant factor behind our ever-increasing reliance on dangerous drugs.
Let's take a closer look at what's likely going on inside of you:
 

1- The wrath of poor digestion
The primary effect of inefficient digestion is felt in your GI tract.
I call it having trouble "North and South."
When your foods are hard for your stomach to break down, it ends up secreting too much acid in the process--more than Nature ever intended. That acid can go "up north" (especially when you lie down) and bingo--you have acid reflux, GERD, heartburn, you-name-it.
Poorly broken down food can also be passed along to your small intestine to deal with the mess. But it can only do so much, and as a result, you get trouble brewing "down south"--gas, bloating, constipation, diarrhea, IBS and diverticulosis.
 

But wait! There's more
Inadequate digestion also leads to wastes accumulating in your gut wall and harmful bacteria overgrowth in your intestines--which greatly weakens your IMMUNE SYSTEM.
And since your immune system helps protect you against infections, viruses and even major diseases including cancer, if yours is weak, guess what you're more susceptible to?
 

2- The price of acid waste accumulation
Acid wastes are the normal by-product of your digestion of foods and normal cell metabolism.
In a healthy functioning body, these wastes are eliminated through your major "exits"--the bowel (in your feces), the bladder (in your urine), the lungs (when you exhale) and the skin (when you sweat).
As a result, your body's pH can stay right around the slightly alkaline range where it should be to stay healthy.
But when your diet is inundated with foods that result in too much acid waste, your body can't effectively keep up with the elimination.
Instead what happens is the acid wastes get reabsorbed into your bloodstream--and once they do, heaven help you.
Acid wastes can cause a whole host of problems, including inflammation and pains of all kinds all over your body, as well as uncontrollably high blood pressure.
 

And it doesn't stop there!
Excess acid wastes can lead to a lower, more acid body pH. An acid environment is the perfect setting for tumors and diseases of all kinds to thrive.
Medication residue adds to acid waste buildup--so any drugs that you are taking are making the situation WORSE.
And lastly, a body that is too acidic can't effectively absorb nutrients, regardless of whether they come from food or supplements.
So not only do you run the risk of nutrient-deficient diseases like anemia and osteoporosis, but you can pack on the pounds because nutrient deficiency is the main factor behind constant hunger and overeating.
 

Turn it all around--it CAN be done
The great news here is that, regardless of your state of health, you can help your body be healthier and function better.
Even if you are among the 1 in 10 who takes 5 or more drugs a day! You too can see a difference.
Here's how:
The two measures that will give you the biggest health bang for your buck are:
1) Make your digestion efficient
This is a snap with the Great Taste No Pain health system.
Great Taste No Pain will show you how to create healthful, nutritious meals featuring real foods that are not only positively delicious, but are also easy to prepare and a breeze to digest.
When your digestion is accomplished easily and thoroughly, not only do you have less trouble "north and south," but you also help maximize your body's absorption of nutrients (which can help those excess pounds S-L-I-D-E off).
And as a bonus, it helps encourage a more alkaline pH, which means that your body will be less likely to get cancer or any other disease.
 

2) Balance your intestinal flora
The friendly flora in your gut makes up 70-80% of your immune system, which plays a HUGE role in disease prevention, including cancer, and protects you against bugs and viruses of all kinds.
Plus, your beneficial bacteria help break down certain starches and fibers in your foods, which helps keep digestion smooth.
Probiotic supplementation has been proven to help achieve this important, possibly life-saving goal.
Super Shield, by most measures, is the perfect probiotic supplement. Its 13 strains of friendly bacteria are up to the task, ready to line your intestinal walls, help keep your digestion smooth and be on the lookout for harmful pathogens that can make you sick.
 

Remember, my friend, nothing in life is free. Sooner or later, the price for artificial drug-induced "health" will need to be paid...and that can be a very dear price.
Don't make Big Pharma richer and richer while your health gets poorer and poorer.
Instead, give your body the help it needs so it can function the way it's supposed to -- like Nature intended.
Believe me, it will say thank you in countless ways.
To your health,
Sherry Brescia
PS: Ginger feels great--and is off blood pressure medication!
Sherry:
I am a 69 year old woman who has been taking Prilosec for about 12 years. Since then I have been put on BP medication, cholesterol medication, Fosamax for my bones, and was taking glucosamine, calcium and vitamin D.
A couple months ago came the big shocker. I had an attack of diverticulitis. That was the breaking point. I knew I was doing something wrong. I had always been very healthy and active in the past.
After following your Great Taste No Pain plan I am off the BP medication, Fosamax, Prilosec and glucosamine, WOW!
There is not much wrong with me after all! I just did not know how to combine my foods for better digestion.
All of this is with my doctor's blessed approval.
Thank you so much for all your work.
Ginger
*******************

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'The mob learned from Wall Street': Eliot Spitzer on the 'cartel-style

http://www.youtube.com/watch?v=1UG8RowZcks&feature=youtu.be

The Biggest Financial Scam In World History

The Rumor Mill News Reading Room 

The Biggest Financial Scam In World History
Posted By: Jordon [Send E-Mail]
Date: Thursday, 5-Jul-2012 14:22:54

.
Why Is the Libor Scandal So Important to You?
There have been numerous big banking scandals recently.
But the Libor scandal is the biggest financial scam in world history. See this and this.
The former CEO of Barclays said today that banks across the world were fixing interest rates in the run-up to the financial crisis .
Professor of economics and law Bill Black notes:
It is the largest rigging of prices in the history of the world by many orders of magnitude.
Indeed, the scandal effects an $800 trillion dollar market – 10 times the size of the real world economy.
Matt Taibbi explains that this is the “mega scandal of all mega scandals”, because Libor is the “sun at the center of the financial universe”, and manipulating Libor means that “the whole Earth is built on quicksand.”
Homeowners, credit card holders, students, local governments, small businesses, small investors and virtually everyone else in the entire world has been impacted by the manipulation.
Indeed, the scandal is so big that it will further destroy trust in our financial system and drive many people from investing in the capital markets altogether.
Click here for links: http://www.washingtonsblog.com/2012/07/the-biggest-banking-scam-in-world-history.html

Water Wars: Crops die as gov't blocks wells . . . Big Brother refuses to allow citizens to rescue harvest

The Rumor Mill News Reading Room 

Water Wars: Crops die as gov't blocks wells . . . Big Brother refuses to allow citizens to rescue harvest
Posted By: DannyCahalin [Send E-Mail]
Date: Thursday, 5-Jul-2012 16:36:37

Just more of what has become a routine around this country
*******
GREELEY, Colo. – Farmers in Colorado are watching their fields dry up amid one of the worst droughts in the state’s history.
But just a few feet beneath them, the water is so plentiful it’s flooding basements and causing septic systems to overflow.
Yet the government will not permit farmers to pump the water to save their crops.
With a lower-than-normal snowpack, farmers in northeastern Colorado who rely on the South Platte River are facing severe water shortages in which they are not able to even water some of their crops.
Dennis Hoshiko, a fourth-generation onion farmer with 2,500 acres, said he has let around 15 percent of his land sit fallow this season because of a lack of water.
“We have entire sections where the seeds were planted a month ago in dry earth, and they have not sprouted yet because they have not been watered.”
While it may seem to be a case of battling Mother Nature, the problem could be solved if government officials would simply flip a switch.
Many of the farmers have wells that draw groundwater for use in situations like this. But in 2006, the Colorado Supreme Court ordered 440 wells shut down and curtailed the pumping of another 1,000.
entire article here
http://www.wnd.com/2012/06/farmer-panic-crops-die-as-govt-blocks-wells/
Found@
http://www.blacklistednews.com/index.php

BREAKING NEWS!!! Arpaio Finds Man Who Forged Obama's Birth Certificate *video*

The Rumor Mill News Reading Room 

CGI's BillsBest: BREAKING NEWS!!! Arpaio Finds Man Who Forged Obama's Birth Certificate *video*
Posted By: Susoni [Send E-Mail]
Date: Thursday, 5-Jul-2012 15:57:13


LIBOR Scandal - "We need to wipe out this entire generation of so-called bankers"

Sent: Thursday, July 05, 2012 9:44 AM
Subject: LIBOR Scandal - "We need to wipe out this entire generation of so-called bankers"

Matt Taibbi interviewed by Eliot Spitzer:


“This is the mega-scandal of mega scandals…

Mob behavior has infiltrated Wall Street… Wall Street is a high-crime area.

LIBOR is incredibly complicated. The public is not outraged because it is tough for people to wrap their heads around…

The implications of this are so awesome that people are reluctant to take it in yet...

The corruption behind their business model has pervaded the political arena as well…what we probably need (to do) is to wipe out this entire generation of so-called bankers who apparently have no ethics or integrity.”


Nicolas Sarkozy 'knew police would come looking for him'

Nicolas Sarkozy 'knew police would come looking for him'

Nicolas Sarkozy predicted that French police would come looking for him days before his marital home with Carla Bruni and his office was raided as part of an ongoing illegal campaign funding scandal.

Nicolas Sarkozy 'knew police would come looking for him'
Magistrates are investigating claims that house staff of Liliane Bettencourt handed over brown envelopes stuffed with cash to Mr Sarkozy and his aides to finance his successful 2007 presidential campaign Photo: AP
Fraud squad officers and an investigating magistrate yesterday searched the Paris home of Mr Sarkozy and his wife, as well as the office he moved into since losing his re-election bid in May. Reports of a raid at the offices of a law firm where he is an associate were denied this morning.
Mr Sarkozy lost his judicial immunity as head of state two weeks ago.
Magistrates are investigating claims that house staff of Liliane Bettencourt, heiress to the L'Oréal cosmetics empire and France'srichest woman, handed over brown envelopes stuffed with cash to Mr Sarkozy and his aides to finance his successful 2007 presidential campaign.
On holiday in Canada since Monday, Mr Sarkozy has made no public comment on the raids. But Le Parisien quoted him as telling friends in recent days: “I know they’ll come looking for me. Nothing will come of it all.”
He has previously dismissed suggestions he received illegal payments as an electoral “stink bomb”.
This morning Socialist interior minister Manuel Valls said: “(Sarkozy) is answerable to the law like anyone else. Justice must shine a light (on this case).” While insisting his role was to “respect the independence of the justice system, these inquiries, these raids”, Mr Valls added that France was going through a “moral crisis” after five years under Mr Sarkozy.
A judicial source cited by Libération newspaper said: “It was obvious even before these raids that judge (Jean-Michel) Gentil would summon (Mr Sarkozy). It is now inevitable.”
One Sarkozy ally was quoted by Le Parisien as accusing the judge of “show justice” and a “publicity stunt”.
Mr Sarkozy’s lawyer claims his official diary of 2007 proves it was “materially impossible” for him to have personally visited Mrs Bettencourt and her late husband André to allegedly pick up cash envelopes. But Antoine Gillot, lawyer for Mrs Bettencourt’s former book keeper and butler told Libération: “These raids prove that the documents Sarkozy gave the judge prove nothing.”
The judge in the Bettencourt case is also investigating whether the aged billionaire's entourage is guilty of "abuse of weakness" – taking advantage of her waning mental capacities for financial gain.
Eleven people have already been charged in the case.
Several former employees of Mrs Bettencourt and her late husband André have the told the judge that Mr Sarkozy discreetly turned up in person to their mansion in Neuilly at least twice before his election in February and April 2007. These staff members include her former chauffeur, nurse and butler.
Days after losing his presidential immunity, Mr Sarkozy's lawyer, Thierry Herzog, sent the judge his diary in the weeks before his 2007 election, saying it proved that no "supposedly secret rendezvous" to receive illicit funding could have taken place.
There is only one official mention of a meeting between Mr Sarkozy and the Bettencourts in the diary, which shows he paid a brief visit on February 24, 2007, two months before the first round of presidential elections. Mr Herzog claimed this was a "courtesy call" that lasted 20 to 25 minutes, that any other meetings would have been mentioned, and that diary showed it was "materially impossible" for Mr Sarkozy to have been present in other dates mentioned by staff.
Mr Herzog confirmed the former president, who lost his re-election battle to Socialist François Hollande last month, said on Tuesday: "These raids ... will prove to be, as expected, futile."
Mrs Bettencourt was placed under legal guardianship in October, after a marathon legal battle over her 16 billion-euro (£12.8 billion) fortune. It began when her estranged daughter Françoise Bettencourt-Meyers accused a society photographer and other advisers of taking advantage of the heiress, who suffers from dementia.
Judge Gentil has cited two suspect withdrawals of 400,000 euros each from Swiss bank accounts on behalf of Mrs Bettencourt's former wealth manager Patrice de Maistre, also under investigation. He spent almost three months in prison while the judge repeatedly quizzed him on where the money went.
The first withdrawal was made on February 5, 2007, two days before a meeting between Mr de Maistre and Eric Woerth, at the time Mr Sarkozy's campaign treasurer.
Mr Woerth later became labour minister but resigned in 2010 over the mushrooming funding scandal and in 2011 police carried out searches of his home and offices of Mr Sarkozy's UMP party. Mrs Bettencourt's accountant, Claire Thibout, has testified to having been asked in 2007 to provide 150,000 euros to Mr Woerth. He faces charges of receiving cash payments and a conflict of interest. He denies any wrongdoing.
The second questionable withdrawal was made on April 26, 2007 – four days after the first round of the presidential election that Mr Sarkozy eventually won.
The judge is also intrigued by a suspicious diary entry by Mrs Bettencourt's photographer friend François-Marie Banier, who wrote on April 26, 2007, that the heiress mentioned a "request for money" from Mr Sarkozy to which she "said yes".
French law limits individual donations to political parties to 7,500 euros (£6,000) per person per year and 4,600 euros (£3,700) during political campaigns. Only 150 euros (£120) may be given in cash.
Mr Sarkozy is potentially facing questioning in a separate probe into who ordered French intelligence services to unlawfully identify the source of journalists investigating the Bettencourt scandal.

20 more banks were rigging interest rates

20 more banks were rigging interest rates: British bankers now facing criminal inquiry over scandal that was kept secret for years

  • Barclays shares drop 15 per cent as pressure on Diamond grows
  • George Osborne promises new criminal sanctions for market abusers
  • RBS, HSBC and Lloyds all named as under investigation as scandal widens

Hundreds of bankers across three continents are embroiled in the interest-rate fixing scandal that has left Barclays chief executive Bob Diamond fighting to save his job.
As pressure intensified on Britain’s highest paid banking boss to quit, MPs heard a string of other financial institutions across the world were under investigation.
At least 20 banks are believed to be under suspicion, with growing demands for a criminal investigation.
Barclays Bank Tower at Churchill Place, Docklands: The bank has been fined £290million over attempts to rig money market interest rates. HSBC is also under investigation, it emerged today
Barclays Bank Tower at Churchill Place, Docklands: The bank has been fined £290million over attempts to rig money market interest rates. HSBC is one of the twenty other banks also under investigation, it emerged today
Barclays’ shares crashed by 15.5 per cent in a day as the implications sank in, wiping £3.7billion from its value, with other banks also hit.
Barclays has been fined £290million after devastating emails revealed that its traders manipulated the London Interbank Rate (Libor) – the rate at which banks lend money to each other.
Chancellor George Osborne told the Commons the exchanges ‘read like an epitaph to an age of irresponsibility’.
 
On the blackest day for Britain’s finance industry since the 2008 economic crisis:
  • Serious Fraud Office investigators were revealed to be in talks with financial watchdogs over the scandal
  • David Cameron and Ed Miliband piled pressure on Mr Diamond to resign
  • Barclays and other banks were braced for a damning verdict today in an official report on mis-selling of complex loans to 28,000 small firms
  • Mr Osborne promised new criminal sanctions for those guilty of market abuse
  • Downing Street faced a growing clamour for a judge-led public inquiry into the ethics of Britain’s banks
'Epitaph to an age of irresponsibility': George Osborne today briefed MPs in the Commons about the unfolding bank trading scandal
'Epitaph to an age of irresponsibility': George Osborne today briefed MPs in the Commons about the unfolding bank trading scandal
David Cameron, who is at an EU summit in Brussels, described the situation as an ‘extremely serious scandal’.
Mr Diamond, who was in charge of Barclays Capital at the time traders are now known to have been rigging the market, has offered to forgo his short-term bonus for this year. But he is still entitled to millions of pounds in salary and long-term share incentives.
Asked how much wider the rate-fixing scandal might go, the Chancellor told MPs: ‘HSBC and RBS are two of the banks under investigation, but international banks such as UBS and Citigroup are under investigation too, partly for activities conducted in this country.’
Mr Osborne said the total impact on the economy and on individuals was ‘extremely difficult to work out, because the Libor rate was manipulated up as well as down’.
‘Sometimes the rate was too low for the true market price, and sometimes it was too high,’ he said.
‘The Financial Services Authority has made it clear, however, that that contributed to a risk to the country’s financial stability, and the cost of that is enormous.’  
Tracey McDermott, director of enforcement at the FSA, said: ‘The initial indications are that Barclays was not the only firm that was involved in this.’
As well as RBS and HSBC, others under scrutiny include Lloyds, JPMorgan Chase, Germany’s Deutsche Bank and Bank of Tokyo Mitsubishi.
A number of employees have already been fired, suspended or put on gardening leave at various banks including state-backed RBS, which has sacked and suspended ‘several’ staff, though the bank declined to comment. 

SACKED RBS TRADER ACCUSES BANK CHIEFS OF COLLUDING WITH STAFF TO RIG INTEREST RATES

The alleged behaviour at RBS started when Fred Goodwin was chief executive
The alleged behaviour at RBS started when Fred Goodwin was chief executive
Royal Bank of Scotland managers are accused of colluding to rig the financial markets in court papers filed by a former employee.
Tan Chi Min, a former head of delta trading for RBS’s global banking and markets division in Singapore, alleges that managers condoned collusion between its staff to set the Libor rate artificially high or low to maximise profits.
He names five staff members he claims made requests for the Libor rate to be altered and three senior managers who he said knew what was going on. He also says the practice ‘was known to other members of [RBS]’s senior management’.
Mr Tan, who was eventually sacked for gross misconduct, worked for RBS from August 2006 to November 2011 and it is believed the alleged behaviour started when Fred Goodwin, pictured, was chief executive.
He claims that he was made a ‘scapegoat’ for malpractice condoned by managers and is suing for wrongful dismissal.
In the court papers filed in New York as part of a class action, Mr Lin also implicates hedge fund bosses who have given thousands of pounds to the Conservative Party.
It is claimed that hedge fund Brevan Howard asked RBS to fix financial data by making false submissions. The fund donated £10,000 to the Tories and spent £3,542 on flights for George Osborne to attend a conference in 2008.
RBS said it was confident of mounting a successful defence against Mr Tan’s claims.
Last night there were reports the bank is to be fined £150million for similar offences to those committed by Barclays.
Lloyds said it had suspended two traders. ICAP, the leading City broking firm headed by Tory donor Michael Spencer, has also been dragged into the scandal. It has suspended one employee and placed two on ‘administrative leave’.
A senior manager at U.S. giant Citigroup’s Japanese operation left the firm late last year after his division was temporarily banned from trading linked to Libor and its Tokyo equivalent, Tibor, by the authorities. 
Giant Swiss bank UBS said it had approached regulators with information over abuses of the rate-setting system.
The Libor rate is crucial, since it is a key benchmark for trillions of pounds’ worth of financial products.
The £290million fine on Barclays from the UK and U.S. authorities, issued on Wednesday, is likely to be only the beginning of a wave of punishments and civil suits for damages against other banks caught up in the global web of deceit.
The Royal Bank of Scotland Headquarters
The headquarters of Lloyds Banking Group in the City of London
Royal Bank of Scotland and Lloyds are two other UK-based banks under scrutiny as part of the probe
Experts said banks might have to set aside billions of pounds in damages to cover their liabilities resulting from the conspiracy.
Former Liberal Democrat Treasury spokesman Lord Oakeshott said that once any criminal probe was underway, a public inquiry – like the one being conducted by Lord Leveson into media ethics – would have to be held. 
'Clearly, the worms that are now crawling out from under the stones at the banking industry are even worse than any of us thought,’ he added.

THE WORDS THAT WILL COME BACK TO HAUNT BANK CHIEF

George Osborne, U.K. chancellor of the exchequer, left, and Bob Diamond, chief executive officer of Barclays Plc, participate in a session on the fourth day of the World Economic Forum (WEF) Annual Meeting 2011 in Davos, Switzerland
Speech: Bob Diamond alongside George Osborne at the Davos World Economic Forum
On 3 November 2011, Bob Diamond, chief executive of Barclays, delivered the BBC Today programme’s inaugural business lecture. Today, his words have come back to haunt him.
‘Rebuilding trust requires banks  to be better citizens. I believe  in this passionately.’ 
Within a few months of making this statement, Barclays was found guilty of a tax avoidance plot to rob taxpayers of around £500million.
Earlier in 2011, it had been found guilty of enticing elderly customers to gamble their life savings on the stock market. Around 12,000 customers lost half their savings. And this week it was found guilty of a ‘serious and widespread’ attempt to manipulate the Libor interest rates and ordered to pay a fine of £290million.
‘I know how angry customers are about issues such as payment protection insurance. That’s why we are working hard to clear claims as quickly as possible. We want to put things right.’ 
When a person takes out a credit card or personal loan, they buy the insurance to pay out if they lose their job, or have to stop working due to poor health. But banks, including Barclays, were selling the policies to people who did not need them. Barclays said the PPI scandal would cost them £1billion. Four months after making this speech, he admitted the bill had increased to £1.3billion.
‘But for me the evidence of culture is how people behave when no one is watching them. Our culture must be one where the interests of customers and clients are at the very heart of every decision we make, where we all act with trust and integrity.’ 
The Financial Services Authority this week found Barclays guilty of misconduct ‘extended over number of years’. The US Department of Justice said simply that the bank was guilty of ‘illegal conduct’ on its attempts to manipulate the Libor rate. The culture of Barclays allowed traders to manipulate Libor in a bid to make sure they scooped millions in bonuses, and to pretend the bank was in a healthier state than it was.


Read more: http://www.dailymail.co.uk/news/article-2166242/Barclays-20-banks-including-HSBC-facing-criminal-inquiry-rate-fix-scandal.html#ixzz1zlhtp623

Countrywide won influence with discounts

Report: Countrywide won influence with discounts

WASHINGTON — The former Countrywide Financial Corp., whose subprime loans helped start the nation's foreclosure crisis, made hundreds of discount loans to buy influence with members of Congress, congressional staff, top government officials and executives of troubled mortgage giant Fannie Mae, according to a House report.
The report, obtained by The Associated Press, said that the discounts — from January 1996 to June 2008, were not only aimed at gaining influence for the company but to help mortgage giant Fannie Mae. Countrywide's business depended largely on Fannie, which at the time was trying to fend off more government regulation but eventually had to come under government control.
Fannie was responsible for purchasing a large volume of Countrywide's subprime mortgages. Countrywide was taken over by Bank of America in January 2008, relieving the financial services industry and regulators from the messy task of cleaning up the bankruptcy of a company that was servicing 9 million U.S. home loans worth $1.5 trillion at a time when the nation faced a widening credit crisis, massive foreclosures and an economic downturn.
The House Oversight and Government Reform Committee also named six current and former members of Congress who received discount loans, but all of their names had surfaced previously. Other previously mentioned names included former top executive branch officials and three chief executives of Fannie Mae.
"Documents and testimony obtained by the committee show the VIP loan program was a tool used by Countrywide to build goodwill with lawmakers and other individuals positioned to benefit the company," the report said. "In the years that led up to the 2007 housing market decline, Countrywide VIPs were positioned to affect dozens of pieces of legislation that would have reformed Fannie" and its rival Freddie Mac, the committee said.
Some of the discounts were ordered personally by former Countrywide chief executive Angelo Mozilo. Those recipients were known as "Friends of Angelo."
The Justice Department has not prosecuted any Countrywide official, but the House committee's report said documents and testimony show that Mozilo and company lobbyists "may have skirted the federal bribery statute by keeping conversations about discounts and other forms of preferential treatment internal. Rather than making quid pro quo arrangements with lawmakers and staff, Countrywide used the VIP loan program to cast a wide net of influence."
The Securities and Exchange Commission in October 2010 slapped Mozilo with a $22.5 million penalty to settle charges that he and two other former Countrywide executives misled investors as the subprime mortgage crisis began. Mozilo also was banned from ever again serving as an officer or director of a publicly traded company.
He also agreed to pay another $45 million to settle other violations for a total settlement of $67.5 million that was to be returned to investors who were harmed.
The report said that until the housing market became swamped with foreclosures, "Countrywide's effort to build goodwill on Capitol Hill worked."
The company became a trusted adviser in Congress and was consulted when the House Financial Services Committee and Senate Banking Committee considered reform of Fannie and Freddie and unfair lending practices.
"If Countrywide's lobbyists, and Mozilo himself, were more strictly prohibited from arranging preferential treatment for members of Congress and congressional staff, it is possible that efforts to reform (Fannie and Freddie) would have been met with less resistance," the report said.
The report said Fannie assigned as many as 70 lobbyists to the Financial Services Committee while it considered legislation to reform the company from 2000 to 2005. Four reform bills were introduced in the House during the period, and none made it out of the committee.
Hit with staggering losses, Fannie and Freddie came under government control in September 2008. As of Dec. 31, 2011, the Treasury Department had committed over $183 billion to support the two companies — and there's no end in sight.
Among those who received loan discounts from Countrywide, the report said, were:
—Former Senate Banking Committee Chairman Christopher Dodd, D-Conn.
—Senate Budget Committee Chairman Kent Conrad, D-N.D.
—Mary Jane Collipriest, who was communications director for former Sen. Robert Bennett, R-Utah, then a member of the Banking Committee. The report said Dodd referred Collipriest to Countrywide's VIP unit. Dodd, when commenting on his own loans, has said he was unaware of the discount program.
—Rep. Howard "Buck" McKeon, R-Calif., chairman of the House Armed Services Committee.
—Rep. Edolphus Towns, D-N.Y., former chairman of the Oversight Committee. Towns issued the first subpoena to Bank of America for Countrywide documents, and current Chairman Darrell Issa, R-Calif., subpoenaed more documents. The committee said that in responding to the Towns subpoena, Bank of America left out documents related to his Towns' loan.
—Rep. Elton Gallegly, R-Calif.
—Top staff members of the House Financial Services Committee.
—A staff member of Rep. Ruben Hinojosa, D-Texas, a member of the Financial Services Committee.
—Former Rep. Tom Campbell, R-Calif.
—Former Housing and Urban Development Secretaries Alphonso Jackson and Henry Cisneros; former Health and Human Services Secretary Donna Shalala. The VIP unit processed Cisneros's loan after he joined Fannie's board of directors.
—Rep. Pete Sessions, R-Texas, was an exception. He told the VIP unit not to give him a discount, and he did not receive one.
—Former heads of Fannie Mae James Johnson, Daniel Mudd and Franklin Raines. Countrywide took a loss on Mudd's loan. Fannie employees were the most frequent recipients of VIP loans. Johnson received a discount after Mozilo waived problems with his credit rating.
The report said Mozilo "ordered the loan approved, and gave Johnson a break. He instructed the VIP unit: 'Charge him ½ under prime. Don't worry about (the credit score). He is constantly on the road and therefore pays his bills on an irregular basis but he ultimately pays them."
Johnson in 2008 resigned as a leader of then-candidate Barack Obama's vice presidential search committee after The Wall Street Journal reported he had received $7 million in Countrywide discounted loans.
The report said those who received the discounts knew the loans were handled by a special VIP unit.
"The documents produced by the bank show that VIP borrowers received paperwork from Countrywide that clearly identified the VIP unit as the point of contact," the committee said.
The standard discount was .5 waived points. Countrywide also waived junk fees that usually ranged from $350 to $400.
—Copyright 2012 Associated Press
http://online.wsj.com/article/AP4323f5ca408145e686c22d7db5fe1886.html

Is the CIA Involved in Drug Trafficking? "I think George Bush is deep into it"

The Rumor Mill News Reading Room 

CGI's Billsbest: Is the CIA Involved in Drug Trafficking? "I think George Bush is deep into it"
Posted By: CGI_admin [Send E-Mail]
Date: Thursday, 5-Jul-2012 10:46:48

Is the CIA Involved in Drug Trafficking? "I think George Bush is deep into it" - Ron Paul - *(2)videos*
Posted by ChasVoice
Some sources say that the United States Central Intelligence Agency (CIA) has been involved in several drug trafficking operations. Some of these reports claim that congressional evidence indicates that the CIA worked with groups which it knew were involved in drug trafficking, so that these groups would provide them with useful intelligence and material support, in exchange for allowing their criminal activities to continue, and impeding or preventing their arrest, indictment, and imprisonment by U.S. law enforcement agencies.
Released on April 13, 1989, the Kerry Committee report concluded that members of the U.S. State Department "who provided support for the Contras were involved in drug trafficking... and elements of the Contras themselves knowingly received financial and material assistance from drug traffickers." In 1996 Gary Webb wrote a series of articles published in the San Jose Mercury News, which investigated Nicaraguans linked to the CIA-backed Contras who had smuggled cocaine into the U.S. which was then distributed as crack cocaine into Los Angeles and funneled profits to the Contras.
The CIA was aware of the cocaine transactions and the large shipments of drugs into the U.S. by the Contra personnel and directly aided drug dealers to raise money for the Contras. Although he heavily implied CIA involvement, Webb never claimed to have made a direct link between the CIA and the Contras. Moreover, Webb's articles were heavily attacked by many media outlets who questions the validity of his claims, although the unusual response led some to question if the CIA was involved...Watch both videos>>
http://chasvoice.blogspot.com/2012/07/is-cia-involved-in-drug-trafficking-i.html



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Andy Griffith Football Story

http://biggeekdad.com/2012/07/andy-griffith-football-story/