Tag Archives: wealth

Billionaire’s for Wealthcare: The Public Option Goes Broadway

billionaires for wealthcareBillionaires for Wealthcare is a grassroots network of health insurance CEOs, HMO lobbyists, talk-show hosts, and others profiting off of our broken health care system.

We’ll do whatever it takes to ensure another decade where your pain is our gain. After all, when it comes to health insurance, if we ain’t broke, why fix it?

AHIP is the powerful insurance lobby that spends 5 million dollars a week trying to kill health care reform. Billionaires for Wealthcare is a grassroots network looking to stop them – with song.

    • AHIP and other insurance and HMO interests spend nearly $5 million per week undermining real health care reform, including a public option.

    • AHIP has resorted to out-right lying and scare tactics to block health care reform. They sent letters that lie to seniors about what health care reform means for Medicare, and they issued a report on the costs of health care reform legislation that is so misleading even the reports embarrassed authors distanced themselves from the way AHIP used their work.

    • Every year, 45,000 people die because they cant get access to the health care they need. Yet AHIP continues to stand in the way of health care reform that would provide coverage to millions of Americans because the industry is more concerned with protecting profits than saving lives.

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Filed under Civil Protest, Greed, Hollywood, Humor, Media and Entertainment, Politics

Tavis Smiley Named In Racial Wells Fargo Loan Scheme

Posted by Audiegrl

Tavis Smiley @ State Of The Black Union.  Check out the logos behind Tavis.

Tavis Smiley @ State Of The Black Union. Check out the logos behind Tavis.

The Root/The Buzz—Uh oh.

A suit filed by the attorney general of Illinois claims Tavis Smiley and others were used to okey doke folks into high-risk Wells Fargo loans. From the Washington Independent:

As the housing market began booming in mid-2000, Wells Fargo & Co. teamed up with prominent African American commentator and PBS talk show host Tavis Smiley and financial author Kelvin Boston, the host of “Moneywise,” a multicultural financial affairs show, to host something called “Wealth Building” seminars in black neighborhoods.

Smiley was the keynote speaker, and the big draw, according to Boston and Keith Corbett, executive vice president of the Center for Responsible Lending, who attended two of the seminars. Smiley would charge up the audience — and rattle the Wells Fargo executives in attendance — by launching into a story about how he hated banks, and how they used to refuse to lend him money for his real estate projects in Compton, Calif., and elsewhere. After Hurricane Katrina, Smiley also emphasized the importance of building assets and wealth, saying those who had done so were able to leave New Orleans, while people with nothing had to stay behind, Boston said.

Read more…

You can also read a piece @ Jack and Jill Politics by The Christian Progressive Liberal entitled The “Outing” of Tavis Smiley

***Update: Prominent author, commentator and PBS talk show host Tavis Smiley has announced that he’s cutting all business ties to Wells Fargo & Co. The move comes in the wake of a TWI story last week about Wells Fargo “Wealth Building” seminars held in black neighborhoods starting in 2005, headlined by Smiley, which a recent lawsuit filed by the Illinois attorney general charged were nothing more than sales pitches for high-rate subprime loans.

Richard Prince reported Friday in his “Journal-isms” column that Smiley said he would sever all ties with Wells Fargo until charges that the company steered minorities into higher-rate loans are resolved.

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Filed under Banking, Capitalism, Media and Entertainment, Money, Mortgages, News, Uncategorized