Vesnasvati

Truth

2010-03-23T07:51:00.000-07:00

"During times of universal deceit, telling the truth becomes a revolutionary act." - George Orwell

02/12/2010 Foreclosure Crisis Deepens:

2010-02-13T00:27:00.000-08:00

02/12/2010 Foreclosure Crisis Deepens:

Gramm–Leach–Bliley Act

2010-01-28T21:50:00.000-08:00

From Wikipedia, the free encyclopedia
The Gramm-Leach-Bliley Act (GLBA), also known as the Financial Services Modernization Act of 1999, (Pub.L. 106-102, 113 Stat. 1338, enacted November 12, 1999) is an act of the 106th United States Congress (1999-2001) which repealed part of the Glass-Steagall Act of 1933, opening up the market among banking companies, securities companies and insurance companies. The Glass-Steagall Act prohibited any one institution from acting as any combination of an investment bank, a commercial bank, and/or an insurance company.

The Gramm-Leach-Bliley Act allowed commercial banks, investment banks, securities firms and insurance companies to consolidate. For example, Citicorp (a commercial bank holding company) merged with Travelers Group (an insurance company) in 1998 to form the conglomerate Citigroup, a corporation combining banking, securities and insurance services under a house of brands that included Citibank, Smith Barney, Primerica and Travelers. This combination, announced in 1993 and finalized in 1994, would have violated the Glass-Steagall Act and the Bank Holding Company Act of 1956 by combining securities, insurance, and banking, if not for a temporary waiver process.[1] The law was passed to legalize these mergers on a permanent basis. Historically, the combined industry has been known as the "financial services industry".

The Bomb is Still NOT Defused

2009-10-20T20:11:00.000-07:00

I am hoping that anyone who has lost anything as the result of the financial meltdown thinks real hard about this video from Frontline;

Money education 1

2009-09-13T09:39:00.000-07:00

April 2008 - Watch this from Jeff Block of Thomson Financial's Corporate Advisory Services group as he discusses Credit Default Swaps. In this video he mentions that they are valued at almost 46 trillion dollars, "almost five times the size of the U.S. national debt."

August 2007 - Watch this from itulipdotcom where they are pointing out that there is a big problem.
and this from smartknowledgeu who is warning that the crisis hasn't come to a bottom yet and this is a tool created to try to unite the public to take back control of the economy. Also see endfinancialfraud on youtube.

Here's the story from 60 minutes called "Financial WMDs". This story is dated August 30, 2009.

More than once, I have heard such suggestions as taking your money out of the bank, buying up stores of food, storing water, and putting your money into things you need or gold and silver if you can get into the stock market. See MoneyMasters.

Finance and financial services can't be everyone's calling, but money IS everyone's business as it is our means of exchange at this time.

Remember last summer?

2009-09-07T05:37:00.000-07:00

New to Ohio

2009-08-29T05:47:00.000-07:00

See this
Ohio is planning to have passenger rail service that serves Cleveland, Columbus, Dayton, and Cincinnati.

"The Ohio Jobs and Growth Committee, a political action committee, submitted paperwork to the Ohio Attorney General’s office seeking to place a constitutional amendment on the Nov. 3 ballot. It asks voters to authorize casinos in Cincinnati, Columbus, Cleveland and Toledo."--Business Courier-March 11, 2009

So, between these two ideas, there is just one little thing that doesn't quite correlate. We got a rail going through Dayton, but not to Toledo. And a casino in Toledo, but no rail going there.

View Larger Map

Still, if you think about it, there are a lot of things that can be done with these plans. For example, if the Columbus casino is near the Hyatt, the Hyatt could be where out of town guests stay and visit the casino. People movers could take guests to and from the hotel to the casino and Hyatt likely has good service to and from the airport.
Here's my two cents on the Columbus site since I live here. I think Ohio grown food should be featured at all the casinos. I realize that local businesses are worried that casinos will take away business, but if the casino is close to other businesses, wouldn't it attract business they wouldn't ordinarily have? I know I would make the trip just to see the casino and I hardly ever go to the Arena district or downtown any more. I can understand the rails and the casinos because there is a huge retiring populatoin who like to visit casinos and who could really use a means of travel besides driving.
Of course, this all depends on whether they will have any money to retire on I suppose.

Thanks for saying it so well

2009-08-26T18:55:00.000-07:00

watch this
" . .quality care shouldn't depend on your financial resources, or the type of job you have, or the medical condition you face. Every American should be able to get the same treatment that U.S. senators are entitled to.

This is the cause of my life. It is a key reason that I defied my illness last summer to speak at the Democratic convention in Denver—to support Barack Obama, but also to make sure, as I said, "that we will break the old gridlock and guarantee that every American…will have decent, quality health care as a fundamental right and not just a privilege." For four decades I have carried this cause—from the floor of the United States Senate to every part of this country. It has never been merely a question of policy; it goes to the heart of my belief in a just society. Now the issue has more meaning for me—and more urgency—than ever before. But it's always been deeply personal, because the importance of health care has been a recurrent lesson throughout most of my 77 years."
Ted Kennedy

No Bird Food

2009-08-26T18:29:00.000-07:00

This is one of those favorites of mine when it comes to blogging; the fantabulous Twitterfeed' Could there be a smarter thing to use to share posts from your blog to Twitter? If you know one, please let me know.

Eat It

2009-08-20T03:27:00.000-07:00

I got this blog onto Feedburner so my posts can be viewed in a reader. Some of the things I would like to do with this blog are;

publishing my own pictures

adding my own videos

learning to make podcasts

twitterfeed

I already added this to my Googlereader which also shows my tweets for this name. Which reminds me, it's not as easy to find me by my name because so far, I am always a "brand" or what people refer to as an alias. That's not entirely for the purpose of anonymity. It just so happens that others have my name and it's also the name of some condominiums That's right, my first and last name is the name of condominiums.

As for the title of this post...well, it has to do with accomplishing the FEED. So, EAT IT!

A different world

2009-08-18T09:35:00.000-07:00

Today I set up this blog, new e-mail account, facebook account, and twitter account . It has been a while since I was neck deep in learning about social networking tools and how to use them, but I thought I would go back and refresh my memory and likely learn some new things along the way.

One of the very nice features of blogging is that you can attach your posts via rss feed to twitter and then, when ever you post something, other's can see that you are blogging. However, before I start attaching this blog, I thought it best to stick wih simply writing ad exploring a while.

As it turns out, twitter and facebook have pretty much won the social networking popularity contest; if you will. There are so many new tools now and more coming along all the time.

One that may be useful to this blog, though, is

Check it out.
Google doc welcome