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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: Neil H who wrote (80779)	8/13/2010 2:17:42 PM
From: ChinuSFO	Read Replies (1) \| Respond to of 149317

A flood is not caused by "a raindrop." Yes indeed we have come a long way where we have succeeded in pushing race in the background and made it more benign. You ask why? What do Charlie Rangel, Maxine Waters, Barack Obama and Michael Steele have in common. They are from both sides of the aisle, right. So on the issue of race in America the jury is still out and as I said a raindrop or two does not cause a flood. Now moving on to the issue of politicization of the immigration issue. Janet Napolitano was the elected Governor of Arizona. who else but she would know all the issues related with immigration in her state. I don't know if, with the little experience that Jan Brewer has had, if she is qualified to sign that law. What do they have in common. Both are women, both have been or are Governors of the same state. But what is their difference? They are from different political parties. So let me sound like a broken record: immigration is and has been an issue since the days of Reagan. BUt there is no compelling reason other than politics, for this issue to have become so hot that people are suggesting drastic changes such as a constitutional change to address this. This is an interesting post from sylvester on this thread, in case you have not read it: Message 26752824

To: Neil H who wrote (80779)	8/13/2010 8:05:30 PM
From: ChinuSFO	Read Replies (1) \| Respond to of 149317

Neil - since you have lived overseas, I am s ure you know the proud feeling to be an American when we hear something good about the US. I am not sure where you are getting all the negativity from. This post from FT is another instance of what Obama is doing to cleanse our society of all the crooks who caused this country to take a dive leading to collapse of 2008. Also I am posting a post from Dale on this thread, just in case you missed it. The post from Dale goes to show how there is progress being made on the immigration front. It is not all "doom and gloom". First the FT post i n full incase you cannot access the FT site. ============================================ US to pay big sums for Wall St tip-offs By Jean Eaglesham and Brooke Masters in New York Published: August 8 2010 22:30 \| Last updated: August 8 2010 22:30 New US whistleblowing incentives within the Dodd-Frank financial reform act – that could net informants multimillion dollar pay-outs – are likely to generate a surge in allegations against US-listed companies and Wall Street banks, lawyers say. The Securities and Exchange Commission is expecting a sharp increase in tip-offs from senior employees and third parties prompted by potential seven-figure bounties. “The scale of the awards reflects the high quality of whistleblower we hope to get – people within a company, broker or other regulated firm that we might not have heard from before,” Stephen Cohen, an SEC official, told the Financial Times. “We’re expecting a tremendous response.” The substantive new financial incentives for securities fraud whistleblowers are part of the sweeping Wall Street reforms that became law last month. People who provide original information that leads to a successful SEC enforcement action will now be entitled to 10 per cent to 30 per cent of any sanction collected over $1m – including a share of the proceeds from any related regulatory action. “We’ve seen recent settlements of SEC actions of up to $800m?.?.?.?this is a tremendous incentive for people to blow the whistle and for entrepreneurial law firms to represent them,” said John Coffee, a law professor at Columbia University. Similar whistleblowing payments for actions for fraud against the government, under the false claims act, have spawned a multibillion dollar industry of law firms specialising in healthcare claims. “We’re predicting that there are going to be more cases, based on the experience under the false claims act,” said Tim Coleman, a partner at Freshfields Bruckhaus Deringer, the law firm. However, financial industry bodies and lawyers representing companies warned that the scale of the potential pay-outs could generate rogue tip-offs by disaffected employees, wasting resources for both the employer and regulator. “Our only concern is if this were to encourage malicious whistleblowing – people making stuff up to cause trouble,” said the Association for Financial Markets in Europe. “The company will end up being cleared, but investigations still take up a great deal of time and resources. This [provision] will need careful monitoring.” The SEC insisted it could cope with the expected influx of new allegations. “We already have systems in place, which we’re improving, for dealing with thousands of tips every year,” Mr Cohen said. “If this canhelp us to bring cases more efficiently and quickly, it will make us a more effective regulator.” ft.com ====================== And now the link for Dale's post Message 26753208