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According to the Collins English Dictionary 10th Edition fraud can be defined as: "deceit, trickery, sharp practice, or breach of confidence, perpetrated for profit or to gain some unfair or dishonest advantage".[1] In the broadest sense, a fraud is an intentional deception made for personal gain or to damage another individual; the related adjective is fraudulent. The specific legal definition varies by legal jurisdiction. Fraud is a crime, and also a civil law violation. Defrauding people or entities of money or valuables is a common purpose of fraud, but there have also been fraudulent "discoveries", e.g. in science, to gain prestige rather than immediate monetary gain
*As defined in Wikipedia

Sunday, October 30, 2011

Occupy San Francisco: From The Guardian in the UK

Occupy San Francisco: the teenager who was refused cancer treatment

Miran Istina, 18, joined protests after four years of being denied life-saving bone marrow transplant for leukaemia
This is not about Goldman Sachs, not about banking, banksters or even our financial crisis.  It is about the state of affairs in our United States.  A sad but heartwarming story posted in the U.S. edition of England's The Guardian.

Healthcare in this country is as out of control as is our banking industry.  It is big business all about business and the bottom line.  No emotion, humanity or consideration.

While I understand about preexisting conditions in terms of health care, one must ask why the insurance company issued a policy covering this young lady at all.  I am sure that in all of the so called fine print, there must have been an exclusion for her disease - maybe- but even so, this is a young lady's life we are talking about not just some securitized bond issue purchased by some investor looking to make a score on their investment.

We have a problem here in this country.  It is called corporate greed and it manifested itself with the actions of our banking industry.  While this corporate greed has existed in other areas of corporate business for many years - especially in the health industry - Occupy any Street is bringing it to the limelight.  And rightfully so. 

We are still the greatest, strongest militarily and most advanced scientifically nation on the planet.  With all the resources we have one must ask why anyone with a life threatening illness is given a death sentence by some CEO issuing corporate policy supposedly on behalf of their stockholders.  Maybe that CEO should ask the stockholders what they want to do in a case like this.

I tip my hat for this young lady.  I praise her bravery and her commitment.  I hope there are those of means and ability who read this story that can help do something. 

To all those in Occupy any Street around this country and around the world, I give my praise to all of you for your strength and conviction in wanting to bring about a positive change not only for economic correction but for humanity itself.

Our problems:
  • Employment
  • Our banking system
  • Hunger
  • Health care
  • Housing
  • Inflated pricing
  • Infrastructure
  • Opportunity to achieve the American Dream
  • Corporations Gone Wild
  • Government no longer for "the people"
  • A welfare nation in the making
Please read Miran Istina's story in The here
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Sad state said...

No, what you have to ask yourself is this: "If the government has no qualms about monetizing bad debts and transferring the cost to the public to enrich a few percentage of the population, why does it have a problem procuring treatment for this young woman and others?"

Just can't kill the beast said...

Clear and Present Danger
by Janet Tavakoli – October 31, 2011

This might have been worth the risk if foreign borrowing had been invested for roads, high speed railroads, new
industries, cheap energy, airports, and to fund scientific research. The debt would self-liquidate. Instead, some
of the debt has been used for transfer payments to fuel current consumption or for items like farm subsidies.
It’s as if you mortgaged your house to buy groceries. Eventually you’ll have no house and no food either.
Moreover, a very large chunk of the debt has been monetized through Federal Reserve Bank purchases and used
to fill gaping holes in bank balance sheets. Unrepentant banks resist reform and dilute attempts at regulation
while soaking up ongoing subsidies. All of this is dead-end financing at the expense of citizens that saved their
money and pay taxes.

Guest said...

"Deadly Monopolies": Medical Ethicist Harriet Washington on How Firms are Taking Over Life Itself

One of the major themes raised by the Occupy movement is the increasing power of large corporations over more and more aspects of our lives. We spend the hour looking into the issue of the corporate control of life itself. Our guest, Harriet Washington, is a medical ethicist and has just published a book that examines the extent to which what she calls the medical-industrial complex has come to control human life. In the past 30 years, more than 40,000 patents have been granted on genes alone—many more patents are pending. Washington argues that the biotechnology and pharmaceutical companies patenting these genes are more concerned with profit than with the health or medical needs of patients. Her new book is called "Deadly Monopolies: The Shocking Corporate Takeover of Life Itself—And the Consequences for Your Health and Our Medical Future." [includes rush transcript–partial]

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