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Latest Featured Reports | Wednesday, September 2, 2015
KY Clerk Defying SCOTUS, Refusing to Issue Marriage Licenses: 'BradCast' 9/1/15
Guest Joe Dunman, attorney for couples challenging County Clerk Kim Davis: 'Imagine a Muslim clerk denying licenses to Christians'...
'Green News Report' 9/1/15
  w/ Brad & Desi
Obama makes case for climate action in melting Arctic; 2015 hurricane season breaking records; Huge e-car news; PLUS: RWers go nuts after nation's tallest mountain renamed...
Previous GNRs: 8/27/15 - 8/25/15 - Archives...
'Voting Machines Are Being Manipulated' - KS Statistician: 'BradCast' 8/31/15
Beth Clarkson explains remarkable allegations, evidence, and how KS SoS Kobach is blocking attempt to audit touch-screen patterns favoring GOP | Also: 64 criminal counts for NM SoS...
O'Malley Slams DNC's 'Rigged' Nomination Process
Former MD Governor and 2016 Democratic Presidential candidate excoriates party's announced debate schedule (and more) at DNC Summer Meeting in Minneapolis..
Sunday Toons: 'Concerns Perhaps Overblown' Edition
...Then again, perhaps not. 'PDiddie' rounds up the political cartoonists take on what you need to worry about this week...and what you don't...
10 Years Later - Crawford and Katrina: 'BradCast' 8/28/15
Personal remembrances and audio from our on-air, on-the-ground 2005 coverage of Cindy Sheehan's anti-war uprising at the Bush 'ranch' in TX as Hurricane Katrina stormed ashore...
'A Crazy Man Got a Gun': 'BradCast' 8/27/15
Standing up to the NRA after Roanoke, horrifying U.S. gun death toll; PLUS: Denying global warming on Katrina's 10th anniversary; Trump's ugly nativism; Good news for Dems; Marriage dead-enders in KY...
'Green News Report' 8/27/15
  w/ Brad & Desi
10th anniv. of Hurricane Katrina; NASA warns 3 ft. of sea level rise now locked in; Obama heads to the Arctic; PLUS: Switch to clean energy costs less than fossil fuel, says Citigroup...
Previous GNRs: 8/25/15 - 8/20/15 - Archives...
Let's Go to the Phones: 'BradCast' 8/26/15
Covering a lot of ground with listener callers -- from the on-air shootings in Roanoke, VA to why Democrats shouldn't be so gleeful about Donald Trump -- and much more...
Carly's Climate Clap-Trap or The Fiorina Follies:
'BradCast' 8/25/15
Journalist David Roberts on the 'moderate', 'reasonable' GOP candidate's ridiculous climate comments and Citigroup's global warming report. Plus: Beck, Trump and Sanders...
'Green News Report' 8/25/15
July 2015 hottest month ever recorded; Record wildfires get worse; Whale deaths in WA; Oil hit hard by China; PLUS: Obama calls out anti-free market ideology...
TX Photo ID Law Found Illegal, Yet Still Suppressing Voters: 'BradCast' 8/24/15
Guests: Attorney Ernest A. Canning on TX' discriminatory law; Financial journalist David Dayen on Dow 'crash'...
Sunday Toons, Untrustworthy Edition
Hillary's email; Ashley Madison's mess; Subway's Jared; Schumer's shame; Amazon agonistes; Trump's tyranny and more...
E-Cigs Are Good For You; GOP is Not: 'BradCast' 8/21/15
Also: Bernie Sanders & ignoring corporate media are good for you too...
5th Circuit Photo ID Ruling Could Leave Thousands Without Right to Vote in TX
'Good news' decision could leave 600k lawfully registered voters disenfranchised in 2016...
'No Good Evidence' Russia Behind MH17 Shootdown in Ukraine, Says Longtime CIA Analyst: 'BradCast' 8/20/15
Exclusive interview with 27-year, top CIA vet turned peace activist Ray McGovern...
'Green News Report' 8/20/15
Fox now 'cares' about environment; Hillary opposes Arctic drilling; EPA rules cut methane; Islamic leaders call for climate action; PLUS: River toxins and intersex fish...
Did KXL Judges Profit Off Ruling?:
'BradCast' 8/19/15
Journalist Steve Horn on two judges who allowed disturbing precedent that led to completion and opening of Kestone XL pipeline's southern leg...
AT&T/NSA Whistleblower Mark Klein on New AT&T/NSA Docs: 'BradCast' 8/18/15
'They approached the phone companies before 9/11,' he says, citing new Snowden disclosures that 'vindicate' his own 2006 revelations...
NATIONWIDE STUDY FINDS ALMOST NO VOTER FRAUD
Just 10 cases of in-person impersonation in all 50 states since 2000...
VIDEO: 'Rise of the Tea Bags'
Brad interviews American patriots...
'Democracy's Gold Standard'
Hand-marked, hand-counted ballots...
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GOP Voter Registration Fraud Scandal 2012...
VA GOP VOTER REG FRAUDSTER OFF HOOK
Felony charges dropped against VA Republican caught trashing voter registrations before last year's election. Did GOP AG, Prosecutor conflicts of interest play role?...

Criminal GOP Voter Registration Fraud Probe Expanding in VA
State investigators widening criminal probe of man arrested destroying registration forms, said now looking at violations of law by Nathan Sproul's RNC-hired firm...

DOJ PROBE SOUGHT AFTER VA ARREST
Arrest of RNC/Sproul man caught destroying registration forms brings official calls for wider criminal probe from compromised VA AG Cuccinelli and U.S. AG Holder...

Arrest in VA: GOP Voter Reg Scandal Widens
'RNC official' charged on 13 counts, for allegely trashing voter registration forms in a dumpster, worked for Romney consultant, 'fired' GOP operative Nathan Sproul...

ALL TOGETHER: ROVE, SPROUL, KOCHS, RNC
His Super-PAC, his voter registration (fraud) firm & their 'Americans for Prosperity' are all based out of same top RNC legal office in Virginia...

LATimes: RNC's 'Fired' Sproul Working for Repubs in 'as Many as 30 States'
So much for the RNC's 'zero tolerance' policy, as discredited Republican registration fraud operative still hiring for dozens of GOP 'Get Out The Vote' campaigns...

'Fired' Sproul Group 'Cloned', Still Working for Republicans in At Least 10 States
The other companies of Romney's GOP operative Nathan Sproul, at center of Voter Registration Fraud Scandal, still at it; Congressional Dems seek answers...

FINALLY: FOX ON GOP REG FRAUD SCANDAL
The belated and begrudging coverage by Fox' Eric Shawn includes two different video reports featuring an interview with The BRAD BLOG's Brad Friedman...

COLORADO FOLLOWS FLORIDA WITH GOP CRIMINAL INVESTIGATION
Repub Sec. of State Gessler ignores expanding GOP Voter Registration Fraud Scandal, rants about evidence-free 'Dem Voter Fraud' at Tea Party event...

CRIMINAL PROBE LAUNCHED INTO GOP VOTER REGISTRATION FRAUD SCANDAL IN FL
FL Dept. of Law Enforcement confirms 'enough evidence to warrant full-blown investigation'; Election officials told fraudulent forms 'may become evidence in court'...

Brad Breaks PA Photo ID & GOP Registration Fraud Scandal News on Hartmann TV
Another visit on Thom Hartmann's Big Picture with new news on several developing Election Integrity stories...

CAUGHT ON TAPE: COORDINATED NATIONWIDE GOP VOTER REG SCAM
The GOP Voter Registration Fraud Scandal reveals insidious nationwide registration scheme to keep Obama supporters from even registering to vote...

CRIMINAL ELECTION FRAUD COMPLAINT FILED AGAINST GOP 'FRAUD' FIRM
Scandal spreads to 11 FL counties, other states; RNC, Romney try to contain damage, split from GOP operative...

RICK SCOTT GETS ROLLED IN GOP REGISTRATION FRAUD SCANDAL
Rep. Ted Deutch (D-FL) sends blistering letter to Gov. Rick Scott (R) demanding bi-partisan reg fraud probe in FL; Slams 'shocking and hypocritical' silence, lack of action...

VIDEO: Brad Breaks GOP Reg Fraud Scandal on Hartmann TV
Breaking coverage as the RNC fires their Romney-tied voter registration firm, Strategic Allied Consulting...

RNC FIRES NATIONAL VOTER REGISTRATION FIRM FOR FRAUD
After FL & NC GOP fire Romney-tied group, RNC does same; Dead people found reg'd as new voters; RNC paid firm over $3m over 2 months in 5 battleground states...

EXCLUSIVE: Intvw w/ FL Official Who First Discovered GOP Reg Fraud
After fraudulent registration forms from Romney-tied GOP firm found in Palm Beach, Election Supe says state's 'fraud'-obsessed top election official failed to return call...

GOP REGISTRATION FRAUD FOUND IN FL
State GOP fires Romney-tied registration firm after fraudulent forms found in Palm Beach; Firm hired 'at request of RNC' in FL, NC, VA, NV & CO...
The Secret Koch Brothers Tapes...


By Ernest A. Canning on 8/8/2012 2:47pm PT  

Guest blogged by Ernest A. Canning

“We’re very disappointed that this happened," Chevron spokesman Walt Gill said (audio available in yesterday's Green News Report), after a fire at the company's Richmond, CA refinery, just outside of San Francisco, spewed toxic smoke that sent more than 900 people to hospital emergency rooms due to respiratory distress.

"We're sorry for the inconvenience," Gill added.

An environmental disaster that Gill sees as merely "inconvenient" for local citizens, could also provide a golden opportunity for the oil cartel, whose five largest companies are raking in $14.4 million in profits/hour along with $270,000/hour in tax breaks. As Gill was apologizing for the "inconvenience," Bloomberg not only noted a sharp gas price increase in the Bay area but predicted significant increases as far north as Seattle. This was followed by a Los Angeles Times prediction that "California gasoline prices could surge at least 35 cents a gallon this week."

If those predictions come to fruition, they would follow a pattern which occurred earlier this year when the entire West Coast experienced a sharp spike in gas prices after the shutdown of BP's Cherry Point refinery in Washington State. As reported by McClatchy, the spike prompted Sen. Maria Cantwell (D-WA) to call upon "the Federal Trade Commission to investigate refinery operators Alon, Chevron, ConocoPhillips, Shell, Tesoro and BP."

In that case, Cantwell cited a McCulloch Research report which claimed that prices were about 68 cents per gallon higher than they should have been, based on available supply. According to that report, the "sudden price shift...provided a significant windfall for refineries and retailers on the West Coast. At a differential of $.68 a gallon, this translates into a windfall profit of $43 million a day."

Looks like recent history is about to repeat itself.

All the while, we, the people, continue to give these monster corporations, the most profitable in world history, $270,000 in tax breaks every hour, while leaving the renewable, clean energy industry to beg for whatever scraps they can get. All of that, even though, "When there's a huge solar energy spill," as the Greenpeace billboard banned by oil-friendly Canada notes, "it's just called a nice day."

* * *

Democracy Now!'s 8/8/12 segment, dealing with the local impact of Chevron's Richmond, CA refinery fire follows below. (Note the map reflecting the number of additional refineries in the immediate area which were not shut down by the fire.)...

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By Brad Friedman on 8/8/2012 10:25am PT  

It was a warm day in L.A. yesterday, and I was running behind for my last minute appearance on RT America (Russia's English-language cable/satellite news channel here in the US). The topic was Congressional dysfunction which, as you might have guessed, I am against.

First, watch the appearance...
 
 

Then, take a look at what you didn't see on camera... :-)

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With Brad Friedman & Desi Doyen...
By Desi Doyen on 8/2/2012 3:16pm PT  


TWITTER: @GreenNewsReport
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IN TODAY'S RADIO REPORT: Scientists warn Congress of climate change impacts...while Republicans still insist it ain't happening!; Conflict in Canada over tar sands oil pipeline; Justice for survivors of Camp Le Jeune's toxic water; PLUS: Beef industry's beef with the USDA ... All that and more in today's Green News Report!

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IN 'GREEN NEWS EXTRA' (see links below): What the Olympics can teach about going green; IRS exempts tar sands crude oil from spill tax; BP Gulf Oil Spill: Dispersants may have hurt food chain; EPA can't regulate CAFOs it can't find; Global wind energy to grow 40% by 2017; NREL: Solar has most potential in US; How much excess CO2 can the planet absorb?; Melting Greenland eyed for mineral riches; Frackers in your backyard ... PLUS: Nano Breakthrough Paves Way for Super Cheap Solar Panels ... and much, MUCH more! ...

--- Click here for REST OF STORY!... ---

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With Brad Friedman & Desi Doyen...
By Desi Doyen on 7/31/2012 3:05pm PT  


TWITTER: @GreenNewsReport
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IN TODAY'S RADIO REPORT: Food v. Fuel in fight over corn ethanol, as the nation's record drought continues; Massive power blackouts in India; Germany breaks another world solar record (we don't); PLUS: CLIMATE SCIENCE BOMBSHELL: Prominent, Koch Brothers-funded skeptic discovers global warming is real...and man-made ... All that and more in today's Green News Report!

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IN 'GREEN NEWS EXTRA' (see links below): Breaking: judge tosses new EPA mining rules; WV: Mountaintop removal coal mining has harmed 22% of streams; WI: New Enbridge pipeline spill complicates proposed pipeline; Drought woes impacting oil & gas industry; Romney wants wind energy tax credits to expire (but not oil subsidies!); Pacific Coral Triangle at risk; Study: US storms are bigger; Make way for more 'grolar' and 'pizzly' bears ... PLUS: Is this your new electric car?: GE announces electric motor breakthrough ... and much, MUCH more! ...

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By Ernest A. Canning on 7/30/2012 1:20pm PT  

Guest blogged by Ernest A. Canning

The horror that played out during the recent midnight massacre inside a Century theater in Aurora, CO is but the latest example of the danger posed to our safety and our very lives by the radical right's expansive interpretation of the Second Amendment.

On June 28, 2008, that view --- that the Second Amendment protects an individual's right to possess a firearm unconnected to service in a state militia --- became the law of the land, courtesy of the U.S. Supreme Court's hard right quintet's decision in District of Columbia v. Heller ("Heller") --- a 5-4 decision that ignored precedent, history and basic rules of constitutional interpretation.

Heller not only elevated the profits of the domestic small arms industry above the ability of government to protect our safety, our general welfare, our domestic tranquility and our very lives, but provided a disturbing new context to the eerily prescient 1991 warning provided by Sen. Edward Kennedy (D-MA) when he likened the confirmation of Clarence Thomas as an Associate Justice of the Supreme Court to a game of "Russian Roulette"...

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By D.R. Tucker on 7/27/2012 6:35am PT  

Guest editorial by D.R. Tucker

If you want to see pure madness in action, ask a Republican friend about Democratic Senate candidate Elizabeth Warren, the creator of the Consumer Financial Protection Bureau, who will face US Senator Scott Brown (R-MA) in one of the most high-profile races of the year.

Chances are, your Fox "News"-watching friend will turn beet-red within a half-second, swearing and sputtering about her supposed socialism and attacking her as the mascot of the Occupy movement. There's just something about Warren that sends the right into 'roid rage. Is it something she said --- or just something she represents?...

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With Brad Friedman & Desi Doyen...
By Desi Doyen on 7/26/2012 2:35pm PT  


TWITTER: @GreenNewsReport
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IN TODAY'S RADIO REPORT: Drought expands in the US, and it's gonna cost ya; Obama Admin expands solar lands --- while Fox 'News' whines about it; US Navy's Great Green Fleet sails to success; Heat records shattered in St. Louis; PLUS: Shocking ice melt across Greenland ... All that and more in today's Green News Report!

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IN 'GREEN NEWS EXTRA' (see links below): David Letterman On Fracking: 'We're Screwed; Rise in Weather Extremes Threatens Infrastructure; 70% of Arctic ice loss is due to climate change; Could Africa hold the answers to America's drought woes?; U.S. cities unprepared for future heat waves; Winning the carbon tax debate; Geo-engineering, storms may speed up ozone loss ... PLUS: The environment is trying to ruin the Olympics again ... and much, MUCH more! ...

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By Brad Friedman on 7/22/2012 11:00pm PT  

The fact that they haven't yet been labeled a terrorist-associated group is due only to the fact that if they were, they would rain down hellfire --- and one of the mightiest propaganda and lying campaigns you've ever seen --- against those associated with having made that decision.

That, of course, is how any terrorist group worth its assault plies its trade: Scare the hell out of those who might oppose them. Let them know there will be serious consequences to those who even try, to those who even discuss it. So that anyone even thinking of it becomes crippled with fear to the point they won't do a thing to even appear to threaten the terrorists' agenda in any way.

In this case, of course, it's mostly just political terrorism. But in the real world, given the carnage they continue to enable year after year and tear after tear, it's difficult to say whether the NRA should best be described as terrorist enablers, or just plain terrorists, for the all of the indescribable violence they help perpetuate and, arguably, even help to fund.

Without the help of the NRA and those who fund them, James Holmes, the alleged gunman of Colorado's latest massacre, might not have been able to shoot nearly 70 Americans in a matter of minutes, killing 12 of them, in a sold-out movie theater just after midnight last Friday night. Neither would it have been so simple for Jared Loughner to shoot 19 Americans and kill 6 of them, including nearly murdering Rep. Gabrielle Giffords in Tucson, AZ just over a year ago, leading to her eventual resignation from Congress.

Thanks to years of terror-enabling by the National Rifle Association, both the AZ and CO sociopaths were able to maximize their rage through a maximum of carnage against their fellow citizens. And both incidents are just a drop of blood in the NRA's great American bucket.

Despite AZ and CO and the tens of thousands of deaths by firearm in this country each year, despite even coming within a hair's breadth of losing one of their own last year in the bargain, Democrats and Republicans in the U.S. Congress are unable and unwilling to lift a finger to do a damn thing about any of it. Neither is the President of the United States. They are all cowards, shriveling in abject fear of the almighty menace to sanity and common-sense and domestic tranquility that is today's NRA...

--- Click here for REST OF STORY!... ---

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With Brad Friedman & Desi Doyen...
By Desi Doyen on 7/12/2012 3:18pm PT  


TWITTER: @GreenNewsReport
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IN TODAY'S RADIO REPORT: Corporate media finally covers climate change and extreme weather; Global warming making intense heat waves more likely; Dude, we are seriously stressing out the world's coral reefs; Climate change denial industry going after science journalists; PLUS: Mad scientists in Canada are revolting ... All that and more in today's Green News Report!

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IN 'GREEN NEWS EXTRA' (see links below): US Navy's ‘Great Green Fleet’ Sails; NTSB blames Enbridge, ‘weak’ regulations in Kalamazoo oil spill; Studies Tie Human Bladder Infections To Antibiotics In Chicken; Texas judge rules atmosphere, air to be protected like water; GOP Doubles Down On ‘Pants On Fire’ Claims About Clean Energy; BP halts offshore Alaska project; MA Power Companies To Bill Customers For Lost Service ... PLUS: Climate change skepticism could wipe out rural towns in Australia ... and much, MUCH more! ...

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Thanks to a failed MSM and timid DoJ, most Americans do not realize true purpose of voter suppressing photo ID laws...
By Ernest A. Canning on 7/2/2012 8:05am PT  

Guest Editorial by Ernest A. Canning

The ACLU attorneys representing the petitioners in League of Women Voters of Minnesota v. Ritchie [PDF] (Ritchie), which is scheduled to be heard by the MN Supreme Court on July 17, 2012, have set forth powerful arguments why the Court should remove a polling place photo ID initiative from the November 2012 ballot.

The MN Constitution mandates that a ballot question must truthfully inform voters of what it is they are voting on. The ACLU, following the same format it applied when it successfully prevented a similar photo ID initiative from being placed on the November 2012 ballot in MO, sets forth specific examples of how the ballot question, as enacted by MN's GOP-controlled state legislature, falls well short of that standard.

The ACLU argument may well succeed before the MN Supreme Court. However, as reflected by polls suggesting nearly 80% of Minnesotans support the adoption of photo ID restrictions, there is a very real prospect that the ACLU's legal objections will neither be heard nor understood in the utterly deceived court of public opinion...

--- Click here for REST OF STORY!... ---

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With Brad Friedman & Desi Doyen...
By Desi Doyen on 6/28/2012 3:14pm PT  


TWITTER: @GreenNewsReport
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IN TODAY'S RADIO REPORT: Record heat, record wildfires & Michelle Malkin on the run; Record flooding in FL so GOP fiddles with federal flood insurance; Climate deniers smack-down by appellate court is good news for anyone who breathes; PLUS: 80% renewable energy by 2050? New study says 'Yup! And it's easy!' ... All that and more in today's Green News Report!

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IN 'GREEN NEWS EXTRA' (see links below): Exxon CEO calls climate change engineering problem; Chesapeake Energy Colluded With Rival To Lower Prices In Bid Wars; BPA Linked to Brain Tumors for the First Time; Feds Grant Approval for Southern Portion of Keystone XL Pipeline ... PLUS: Kardashians Get 40 Times More News Coverage Than Ocean Acidification ... and much, MUCH more! ...

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With Brad Friedman & Desi Doyen...
By Desi Doyen on 6/21/2012 2:53pm PT  


TWITTER: @GreenNewsReport
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IN TODAY'S RADIO REPORT: Good news and bad --- mostly bad --- from the Rio+20 Earth Summit; Deluged in Duluth - record storm, record floods; Awkward!: 3 new oil spills complicate Canada's Keystone XL pipeline dreams; PLUS: Greenpeace billboard rejected --- you'll never guess their offensive slogan (no, really!)... All that and more in today's Green News Report!

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IN 'GREEN NEWS EXTRA' (see links below): Outdoor recreation jobs outnumber oil jobs 3 to 1; CA leads the way on GMO labeling; US Dems demand stronger fracking rules; Senate rejects block to new mercury rules; L.A. to get much hotter (we ain't talking bikinis); AZ mining company wants pollution fines reversed; Not-so-bad farm bill passes Senate; Canada's new budget 'buts' environmental protections ... PLUS: 'It's madness' that waste isn't a bigger international priority ... and much, MUCH more! ...

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With Brad Friedman & Desi Doyen...
By Desi Doyen on 6/19/2012 2:18pm PT  


TWITTER: @GreenNewsReport
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IN TODAY'S RADIO REPORT: A nuclear re-start for Japan --- but also a solar revolution; Most anti-environment Congress in history, gutting everything --- or at least trying to; Rio+20: UN Sustainability summit gets underway in Brazil; PLUS: Oh really, Donald Trump? OPEC is in the tank for Obama?!? .... All that and more in today's Green News Report!

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IN 'GREEN NEWS EXTRA' (see links below): The Great German Energy Experiment; Carbon Capture Fail: Earthquakes caused by process would defeat purpose; Massive Twitter storm against fossil fuel subsidies; Arctic sea ice death spiral 2012; San Onofre nuclear problems caused by faulty models; Global warming's evil twin threatens West Coast fishing grounds; Debunking Fox News' EPA drone lie; EPA: new rules on soot pollution; VA-GOP Fail: Norfolk is sinking; Another virus infects Canada’s salmon farms; CA gov seeks new restrictions on toxic flame retardants ... PLUS: Pollution, Poverty, People of Color: Falling into the 'climate gap' ... and much, MUCH more! ...

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With Brad Friedman & Desi Doyen...
By Desi Doyen on 6/14/2012 2:48pm PT  


TWITTER: @GreenNewsReport
VIA SMART PHONE: Stitcher Radio!

IN TODAY'S RADIO REPORT: Big Oil worried about global warming! And still fighting to keep their billion-dollar taxpayer subsidies; OPEC fights to raise oil prices; Koch-funded Americans For Prosperity fights environmental extremist kite-flying schoolchildren; PLUS: Hey Fox 'News', whaddaya say now that gas prices have fallen? ... [cue: crickets] ... All that and more in today's Green News Report!

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IN 'GREEN NEWS EXTRA' (see links below): Poll: Independents (even Republicans) concerned about global warming, support clean energy; NY fracking proposal creates "sacrifice zones" in poor counties; NOAA: Hottest May on record; US solar installations jump 85%; SunEdison brings solar to India villages; Battery maker A123 unveils "breakthrough"; Diesel exhaust causes lung cancer; Deep divisions at UN's Rio+20 conference next week; Forest floors add moregreenhouse gases in a warming climate ... PLUS: Mayor Bloomberg Offering $9 Million for Good Ideas ... and much, MUCH more! ...

--- Click here for REST OF STORY!... ---

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By Ernest A. Canning on 6/14/2012 11:12am PT  

Guest Editorial by Ernest A. Canning

Newly introduced legislation would permit Wall Street wolves to drive off America's financial shepherds.

It is perhaps useful to think of the Wall Street executives who swindled their own investor/clients and nearly devoured the world's economy as predators.

One response to their predations has been exemplified by the Occupy Wall Street "move the money" campaign in which billions of dollars have been transferred from the "too big to fail" Wall Street banks to local banks and credit unions. Another response has come from former Wall Street broker/dealers, who, repulsed by a fraudulent system that created and sold toxic assets to unwitting investors even as their firms bet against the assets, opted instead to become independent Registered Investment Advisors (RIAs) who will only accept fees from their own investor/clients to whom they owe a fiduciary duty to disclose all potential conflicts of interest.

Introduced by Rep. Spencer Bachus (R-AL), the Chairman of the U.S. House Financial Services Committee and the number one fundraiser from commercial banks, finance/credit companies, and mortgage bankers and brokers during the 2011-2012 election cycle, the so-called "Investment Advisor Oversight Act" of 2012 (H.R. 4624) claims that it is meant "to amend the Investment Advisers Act of 1940 to provide for the registration and oversight of national investment adviser associations."

In reality, however, the bill represents nothing less than an effort by the Wall Street wolves to drive off these financial shepherds so that they may feast on a field of unprotected sheep (the consumers of financial products)...

--- Click here for REST OF STORY!... ---

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