HILLARY AND BERNIE ARE THE SAME AGE.
The prime time CBS showed Bernie and Hillary polling closely in IOWA---which means that Bernie is polling quite higher as 'likely voters' skew these polls----and it shows him ahead. The prime time news report also shows Bernie's polls soaring in the New Hampshire Democratic primary.
This CBS morning news on WJZ showed those biased images of the candidates-----showed the polling to have Hillary ahead of Bernie in the IOWA polls-----and the people on the morning show actually made fun of Bernie-----saying that Bernie had left Iowa and his campaign staff of Ben and Jerry's from Vermont were in charge-----making a comment about Bernie and CHUNKY MONKEY----then all laughing.
THIS KIND OF JOURNALISM WAS NEVER SEEN ESPECIALLY DURING ELECTIONS ON A NATIONAL NEWS MEDIA---THIS IS TALK SHOW HUMOR.
It makes sense that it was shown in Baltimore where citizens have absolutely no education on candidates, policies, and are exposed to this kind of media all the time.
Dickerson and Cordes on tightening Democratic race
CBS This Morning
Published on Jan 25, 2016The CBS News Battleground Tracker in Iowa finds the Democrats are in a much tighter race than the Republicans. Bernie Sanders leads Hillary Clinton by just one point, 47 to 46 percent. But in New Hampshire, the senator from neighboring Vermont holds a 19-point lead. Congressional correspondent Nancy Cordes and CBS News political director John Dickerson joins “CBS This Morning” to discuss the state of the Democratic race.
Because Maryland and especially Baltimore fails to enforce any Federal laws and has no oversight and accountability of corporate operations at all-----media is filled with people and businesses that want to defraud ------the FCC and US Attorney's Office would throw a media outlet like that off the air------when Federal laws were enforced.
IF BALTIMORE HAD A FUNCTIONING BALTIMORE STATES ATTORNEY'S OFFICE----A FUNCTIONING DEMOCRATIC PARTY-----A FUNCTIONING JUSTICE ORGANIZATION THAT WORKS TO PROTECT SENIORS-----THEY WOULD HAVE BEEN SHOUTING TO PROTECT SENIORS FROM INVESTING IN THESE LIFE INSURANCE SCAMS.
I have shouted before and I want to shout again------Baltimore's local media sells Wall Street and corporate fraud like no other. I have not seen the number of what I know are fraudulent fly-by-night corporate ads played over and over and over on Baltimore's free TV stations tied to WJZ----WBAL---FOX. Anything having to do with Wall Street and their complex financial instruments is confusing but this is what everyone with LIFE INSURANCE needs to beware------remember when Moody's gave AAA ratings to all the subprime mortgage fraud-----being the major corporation in aiding and abetting these crimes. Nothing happened to these rating corporations and they are still rating investments higher than they actually are. The word to know is tranches. The bond market is now the subprime mortgage market of last decade with trillions of dollars in US Treasury and municipal bonds in tranches -----the rich are sold tranches with insurance that will protect all the value of the bonds-----while main street investments will be in lower tranches having no insurance protection and will be lost in this coming crash. Life Insurance corporations are overwhelmingly invested in this coming bond market collapse and main street will lose all money put into these policies. YOU WILL NOT GET BACK THAT MONEY----IT WILL GO TO SUPPORT THE RICH TRANCHES. Please know that if a corporation is advertising on free TV as is done in Baltimore-----these corporations are probably positioned to go bankrupt in the coming bond market crash.
'The company's risky asset to total adjusted capital ratio of 93% was modestly above the life industry average of 87% at yearend 2014 due its exposure to below investment grade bonds'.
Seniors were one of the largest target group for the subprime mortgage fraud-----this is what allowing media to operate without any FCC regulations and protections leads to.
The insurance corporation handling Colonial Penn has been in or close to bankruptcy for decades------it is known to be irresponsi ble and you can bet-----IT WILL BE BANKRUPT IN THIS COMING ECONOMIC CRASH----------COLONIAL PENN IS THE TOP ADVERTISER ON BALTIMORE LOCAL MEDIA -----------------------------------------------------------Forget Conseco – now it's CNO Financial
Financial services company with troubled past changes corporate name; ‘new beginning'
May 12, 2010 @ 4:10 pm
By Darla Mercado
In an apparent bid to distance itself from past troubles, Conseco Inc. yesterday changed its name to CNO Financial Group Inc.
------------------------------------------------Beleaguered Conseco may face bankruptcy - again
Much hinges on report from its auditors, according to analysts
Mar 8, 2009 @ 12:01 am-------------------------------------------------------------------- Conseco is Bankrupt—Finally! - Schiff's Insurance...
File format:Adobe PDF
Dec 19, 2002 ... The world's most dangerous insurance publicationSM. Conseco is Bankrupt— Finally! Long Time Coming. Conseco's former C.E.O., Stephen ...
The article below is long and boring----but please glance through----it shows how they give a positive outlook to what will become toxic investments for everyone but the rich----only AAA tranches are insured-------
Markets | Mon May 11, 2015 2:24pm EDT
Fitch Expects to Rate CNO Financial's Sr Debt 'BB+'; Upgrades IFS Rtgs to BBB+; Outlook Positive
(The following statement was released by the rating agency) CHICAGO, May 11
(Fitch) Fitch Ratings has assigned a 'BB+(EXP)' rating to CNO Financial Group Inc.'s (CNO) planned issuance of new senior unsecured notes. At the same time, Fitch has upgraded the Insurer Financial Strength (IFS) ratings for CNO's core insurance subsidiaries to 'BBB+' from 'BBB'. The Rating Outlook is Positive for all ratings. A full list of rating actions follows at the end of this release.
KEY RATING DRIVERS
The upgrade of CNO's ratings reflect the company's improved financial flexibility related to the announced recapitalization of its outstanding debt and more consistent financial results and interest coverage metrics. The ratings continue to reflect the company's strong statutory capitalization and moderate financial leverage that are favorable for the rating level and remain in line with expectations. Furthermore, CNO has made good progress in recent years divesting underperforming, capital-intensive businesses. The Positive Outlook reflects Fitch's expectations that the company will sustain recent improvements in its earnings profile and balance sheet fundamentals at favorable levels with respect to current ratings. Primary rating concerns include the company's still large exposure to the long-term care (LTC) market and challenges associated with the ongoing low interest rate environment. Fitch views the recapitalization to an unsecured senior debt structure as the key driver for the standard notching of CNO's unsecured debt relative to the IDR. CNO will issue $800 million in new debt and an additional $100 million will be drawn on its new four-year revolver. Additional benefits with the new capital structure include the extension of its maturity schedule and less restrictive covenants. The company's financial leverage remains moderate although it increases to at 19.2% on a pro forma basis from 17.2% at March 31, 2015 with additional long-term debt of approximately $125 million after the retirement of current outstanding senior secured notes. Proceeds from the new issuance will be used to retire approximately $775 million of current outstanding debt and for general corporate purposes. Fitch views CNO's statutory capitalization as strong for the rating. The consolidated RBC ratio remained steady at 428% as of March 31, 2015, from 431% at year-end 2014. Total adjusted capital growth has been consistent, increasing 4.2% in 2014 and at a 5.9% annual growth rate since 2010. Fitch expects CNO's capital to remain in the 400% to 425% range for 2015. CNO has reported stable operating earnings over the last 12 months despite pressure from low interest rates, and moderately increasing LTC benefit and supplemental health loss ratios in the first quarter of 2015. Profitability as measured by return on equity (ROE) is seen as solid for the rating as reflected by the company's operating ROE of 6.4% for 2014 following 6.7% the prior year. CNO's business segments reported a 4.5% increase in after-tax, operating earnings in 2014 versus the prior year driven by favorable fixed annuity, Medicare supplement and LTC margins at Bankers Life & Casualty Insurance Company. CNO has not reported significant special charges following the $278 million loss on the sale of Conseco Life Insurance Company reported in the first quarter of 2014. While the low interest rate environment has pressured earnings at CNO, management has taken actions by lowering crediting rates on interest-sensitive products, repricing products and building LTC reserves to maintain product margins. CNO's operating interest coverage is viewed as strong at 10.1x for 2014 and 9.0X for 2013. Fitch expects fixed charge coverage to range from 8-10x excluding unusual items for 2015. CNO maintains approximately $300 million in cash at the holding company level providing support and flexibility for interest expense coverage. CNO's overall investment credit quality is good and investment performance is expected to remain so in 2015. The company's risky asset to total adjusted capital ratio of 93% was modestly above the life industry average of 87% at yearend 2014 due its exposure to below investment grade bonds. However, CNO has low exposure to directly placed commercial mortgages and alternative assets. The investment-grade bond portfolio has above-average investment in 'BBB' level rated securities at approximately 45% of the portfolio, making it potentially more vulnerable to downgrade risk in a declining economic environment. Credit related impairments continued to be minimal in 2014 and the first three months of 2015. RATING SENSITIVITIES Key rating triggers that could lead to an upgrade for all ratings include: --Consistent earnings without significant special charges and with operating return on equity above 8%. --GAAP operating interest coverage ratio above 8x; --NAIC RBC ratio above 350%. Key rating triggers that could lead to a downgrade include: --Combined NAIC RBC ratio less than 325% and operating leverage above 20x; --Deterioration in operating results; --Decline in fixed charge coverage to below 5x; --Significant increase in credit-related impairments; --Financial leverage above 30% Fitch expects to assign the following ratings: --$800 million senior unsecured note due 2020 and 2025 'BB+'. Fitch has upgraded the following ratings: CNO Financial Group, Inc. --IDR to 'BBB-' from 'BB+'; --Senior secured bank credit facility (tranches of $250 million and $425 million due Sept. 30, 2016 and 2018, respectively) to 'BBB-' from 'BB+'; --$275 million senior secured note 6.375% due Oct. 1, 2020 to 'BBB-' from 'BB+'. Bankers Life and Casualty Company Bankers Conseco Life Insurance Company Colonial Penn Life Insurance Company Washington National Insurance Company --IFS upgraded to 'BBB+' from 'BBB'.
Another staple on the Baltimore local media over and over and over and over is the Reverse Mortgage program. This policy worked for a few decades just fine for seniors and their families----but as with all that is Wall Street------these reverse mortgage loans are now tied to fraud------and these loans have been bundled and placed into tranches like subprime mortgage loans and hedge funds and Wall Street investment firms own most of these loans-----and with this coming crash---we will be told that people with these reverse mortgage loans must pay up or move out----and these hedge funds will get these real estate properties----just as with the subprime mortgage frauds. Just another way that the American dream of homeownership ends----with families unable to inherit or assume control of their family homes....the same few hedge funds are gathering all the US real estate.
'The industry has historically drawn its fair share of scorn for using older Hollywood actors to hawk their product on late-night television advertisements. Some consumer advocates have complained that the reverse mortgage business preys on the financially ill-informed, who might be better off simply selling their homes and banking the cash than entering into a transaction that pays a premium to a lender'.
Below you see the reverse-mortgage industry is now as subprimed as the subprime mortgage loan fraud from last decade----they are doing the same thing-----So, we all know that much of the ads on TV regarding reverse mortgage corporations are those deceptive ads----and it targets the same group of people------those struggling to stay in their homes-----families out of work and needing cash------and it is hedge funds being allowed to tie themselves yet again to American homes. Watch as we hear that these hedge fund owners consolidating this reverse mortgage loan industry just happens to be heavily invested in the US Treasury and municipal bond market getting ready to collapse----they will have insurance to protect them from losses-----but the banks will come for these houses and families will be tied to debt.
Moody's downgrades $5 billion of HECM reverse mortgage bonds
Global Credit Research - 07 Mar 2012New York, March 07, 2012 -- Moody's Investors Service has downgraded 13 securities from 10 deals backed by Home Equity Conversion Mortgages (HECM). Moody's also downgraded six reverse mortgage backed resecuritization bonds from two deals.
The collateral backing these transactions consists primarily of HECM reverse mortgages that benefit from mortgage insurance protection from the Federal Housing Administration, a federal agency in the Department of Housing and Urban Development (HUD).
How to Avoid a Reverse-Mortgage ScamDeceptive ads and out-and-out fraud often lead to financial trouble
Greg Daugherty Money June 18, 2015
Reverse mortgages have become as much a staple of late-night TV advertising as amazing kitchen gizmos and miracle wrinkle creams. But while a kitchen gizmo or wrinkle cream that doesn’t perform as advertised might set you back $19.95* (*plus shipping and handling), a reverse mortgage could cost you your home.High costs, real risksReverse mortgages allow homeowners over age 62 to borrow against the equity in their homes in return for monthly income, a line of credit or a lump-sum payment. They aren’t always a terrible deal. But even the best of them have some serious drawbacks that are worth weighing before considering one. Those include high interest rates, numerous fees and the possibility of losing your home if you’re unable to keep up with the insurance and taxes on it.
Related: Home Buyers: Save Money By Negotiating These Closing Costs
Sneaky TV adsWhat’s more, the advertising for reverse mortgages is often confusing, incomplete or inaccurate, the federal Consumer Financial Protection Bureau (CFBB) recently charged. In a report taking the industry to task, the CFPB complained that the lenders’ ads frequently:
- Give homeowners the false impression that reverse mortgages are a free government benefit.
- Don’t make it clear that reverse mortgages are actually loans that will have to be paid back eventually. (Typically that’s when the homeowner dies, sells the home or leaves it permanently.)
- Bury the loans’ interest rates and fees in the fine print, if they mention them at all.
- Imply that a reverse mortgage will provide lifelong financial security, without mentioning that borrowers can exhaust their home equity or lose their homes to foreclosure.
Total scamsDeceptive or borderline-deceptive TV commercials may not be the worst problem associated with reverse mortgages. Some of the sneaky sales practices used to market them are out-and-out scams, designed to defraud homeowners and steal any home equity they may have built up over the years.
According to the CFPB, the FBI and other sources, these are a few of the more common ones:
- Investment scams. The homeowner is persuaded to take out a reverse mortgage and put the proceeds into an annuity or other investment product. The investment may be inappropriate for the homeowner’s age, overpriced or simply bogus. Another twist: the homeowner may be told that he or she has to buy a particular investment product in order to qualify for a reverse mortgage.
- Home contractor frauds. Crooked contractors trick homeowners into signing up for reverse mortgages in order to finance home repairs, or homeowners are told they need to make expensive repairs in order to qualify for a reverse mortgage. The loans are sometimes represented as a no-cost government program to help people fix up their homes. The repairs may or may not ever happen.
- Identity (and equity) theft. In this scam, someone impersonates the homeowner, signs up for a home equity loan and pockets the proceeds. These thefts can be inside jobs perpetrated by unscrupulous relatives or caregivers, or they can be the work of total strangers. In some cases, the homeowner may have been tricked into signing a power of attorney, a legal document that gives someone the power to act on his or her behalf.
- Foreclosure rescue scams. People whose homes are in danger of foreclosure are told that a reverse mortgage can prevent that from happening. Through a convoluted series of transactions, they may instead end up signing away the home and losing all of their equity in it.
Other danger signsThe Federal National Mortgage Corporation, or Fannie Mae, says these are also signs of a possible scam:
- Reverse-mortgage offers that come unsolicited.
- Pressure to use a particular real-estate appraiser or home-renovation contractor.
- Efforts to isolate the homeowner and keep other family members from knowing what’s going on.
- Lenders that aren’t on the Department of Housing and Urban Development’s list of approved reverse-mortgage lenders.
If you are not aware-------Obama has subprimed HARP----just as Bush did with Federal mortgage loans-----just before a coming economic crash------just as Bush did------and I am hearing they are even back to using the ARM------adjustable Rate Mortgage that ballooned on people during the 2008 crash causing millions of people to lose their homes.
Why are they doing this? First, global pols are trying hard to move all real estate in the US into the hands of the 1%------this is why they are building all this fraud into the real estate system-----and why national media keeps running the advertisements no matter how loudly EVERYONE IS SHOUTING ------THE MORTGAGE INDUSTRY IS SYSTEMICALLY CRIMINAL.
This time they will capture yet more long-term unemployed-------young adults buying their first homes----and not keeping a job in this coming economic crash-----or the ARM will have soaring interest rates as the FED rate climbs and the crash creates inflation and higher interest rates.
GLOBAL POLS DO NOT CARE----THEY ARE JUST SENDING OUT ANYTHING FULL OF FRAUD------JUST TO MOVE WEALTH TO THE RICHEST.
How to Refinance Your Home Loan With Bad Credit
October 17, 2013 by Lucy Lazarony
Looking for a way to refinance your home when you have bad or blemished credit?
You do have refinancing options and you don’t need perfect credit to qualify.
Check Out HARP 2One option to consider is HARP 2, the revamped federal Home Affordable Refinance Program.
There are no loan-to-value restrictions in this refinancing program. But there are a few requirements:
- Your mortgage is owned by Fannie Mae or Freddie Mac.
- Your mortgage was delivered to Fannie Mae or Freddie Mac by June 1, 2009.
- You haven’t previously used the Making Home Affordable Refinance Program.
- Your loan is not an FHA loan.
Not sure if Fannie Mae or Freddie Mac owns your mortgage? Look-up tools from Fannie and Freddie make it easy to find out.
Refinance an FHA LoanIf your home loan is insured by the Federal Housing Administration (FHA), be sure to check out your refinancing options as well.
FHA mortgage programs have more lenient qualifying guidelines than other mortgage programs and are easier to refinance.
A downside to financing a home with an FHA loan is the increasing costs of
mortgage insurance premium (MIP) associated with this type of loan.
According to the U.S Department of Housing and Urban Development to “streamline refinance” an FHA loan, the mortgage you would like to refinance must already be FHA-insured and the mortgage must be current and not delinquent. So folks who fell behind on an FHA-insured mortgage are out of luck.
In addition, no cash may be taken out on FHA mortgages refinanced using the streamlined refinanced process and the refinance results must result in lowering a borrower’s monthly principal and interest.
To learn more about refinancing an FHA loan, contact any mortgage professional that offers these kinds of loans.
Check Your CreditHomeowners with less-than-stellar credit who would like to refinance can use the free Credit Report Card to gauge how their credit is recovering and make plans to improve their credit.
It also is a good idea to pull your credit report once a year for free from each of the major credit reporting bureaus.
_____________________________________________The reason I place these posts with my talk on media------Baltimore local media advertises myRA-------markets it to viewers. Because FCC and Fairness Doctrine has been dismantled-----no opposing view is being aired-----no one is saying----
WAIT----YOU ARE PRIVATIZING OUR SOCIAL SECURITY TRUST AND NO ONE WANTS THAT!
As everyone watches their 401Ks tank yet again with this coming economic crash----think twice about tying yourself to what is a just a scheme to send Wall Street more revenue to leverage.
New Rules for Retirement
You can now sign up for Obama's myRA retirement account
by Katie Lobosco @KatieLobosco November 4, 2015: 3:59 PM ET
There's a new way to save for retirement, and it's specifically for Americans who don't get a 401(k) or pension at work.
The Obama administration launched its "myRA" retirement account program nationwide Wednesday, after nearly a year-long pilot program.
It targets low- and middle-income Americans who haven't yet started saving for retirement.
Saving is hard to do without help from your employer.
And about half of all workers don't get a 401(k) or pension at work. Many part-time workers and those at small businesses are on their own.
While people without a workplace plan can also open an account like an IRA, the federally-backed myRA is less risky.
How will the myRA account work?
There are three ways you can put money into your account.
You can transfer after-tax dollars from your paycheck directly into your myRA if your employer offers direct deposit. You can link it up with your checking or savings account and schedule one-time or regular contributions. Or, you can direct some of your federal tax refund to the account.
Why open a myRA account?
You won't incur any fees, there's no minimum balance required, and the principal amount is guaranteed by the government. So you'll never lose any of the money you put into it.
What's the catch?
The money is invested in a super-safe Treasury Securities Fund. It offered a return of 2.3% last year, and 3.2% over the last decade. That's better than a typical savings account, but less than what a riskier investment might make.
While you can withdraw the money you put in, you will be penalized if you take out any of the earnings from interest before turning 59½, just like a regular Roth IRA. There are some exceptions, such as using the money to buy a home or to pay for some higher education expenses.
What are the limitations?
You can only open a myRA if you earn less than $131,000 if single, or $193,000 if married. And you can only contribute up to $5,500 per year, or $6,500 a year if you're age 50 and older. You can also have an IRA or Roth IRA account, but your total contributions to all of your IRA accounts cannot exceed those limits.
The amount you can save in your myRA is capped at $15,000, and you can not have it open for longer than 30 years. At that point -- whichever comes first -- you must transfer your money to a private-sector Roth IRA.
This is from where Obama draws his myRA-------it is Bush's plan to privatize Social Security----but no one knows this connection because no media outlet allows a social Democrat air time to give opposing views. What we see over and over and over again, is Elizabeth Warren stating she supports Expanded Social Security----but it is an extension of this Obama myRA privatized plan.
Primer on President Bush’s “Plan” for Social Security Privatization
By Christian E. Weller | Thursday, May 5, 2005
President Bush has never spelled out a detailed plan on how he would like to reform Social Security; in fact, his "plan" seems to shift every couple of weeks. However, his advisors have released several details and general ideas that may ultimately form the basis for his final plan to privatize Social Security, although the final proposal remains unknown.
What President Bush has proposed so far would mean massive benefit cuts for America’s middle class – possibly with more to come – and huge new government deficits to finance the carving up of Social Security to create privatization accounts.
There are two separate issues at stake here: Social Security solvency (bringing into balance Social Security revenue and payments) and the creation of privatization accounts, which would divert a substantial share of payroll taxes away from Social Security.
In connection with the President’s State of the Union address on February 2, 2005, the White House released some specifics of the president’s plan for privatization accounts:
On April 28, the White House provided some details on how President Bush plans to address Social Security’s solvency:
- Bush Would Address Solvency Solely by Cutting Benefits. President Bush has ruled out the possibility of payroll tax increases, and has suggested no other increases in funding. The White House has also apparently retracted its support for raising the cap – currently set at $90,000 – above which earnings are no longer subject to Social Security taxation.
- Benefit Cuts Would Come Through a Change in the Benefit Formula. Currently, benefits and tax contributions grow at the rate of wage growth. For new beneficiaries earning $90,000 in 2005, initial benefits under the president’s outline would rise slower than the amount of taxes contributed, and only at the inflation rate. For people earning between $20,000 and $90,000 in 2005, initial benefits would grow above the rate of inflation, but below the rate of wage growth and tax contributions.
- Bush’s Benefit Cuts Would Affect 70 Percent of All Taxpayers. Benefits would be cut for everybody making more than $20,000 in 2005. For an average wage earner retiring in 2075, the cuts would equal 28 percent. For workers whose wages are 60 percent above the average – currently $59,000 – the cut would be 25 percent if they retired in 2045 and 42 percent if they retired in 2075.
- More Benefit Cuts Down the Road under Bush’s Plan. The president’s proposal still requires further massive benefit cuts, since the change in benefits does not cover the full imbalance in Social Security. President Bush’s proposal to massively cut middle-class benefits will cover only 57 percent of the projected shortfall. To address the full shortfall, he would have to further cut retirement benefits or cut disability benefits as well.
- Bush Would Create Private Accounts. Starting in 2011, all workers could divert a third of their payroll tax, or 4 percent of their earnings, up to $1,000 per year, into a privatization account.
- "Clawback" Would Eat Into Any Gains In Accounts. Upon retirement, workers would be subject to a "clawback" and would have to repay the money diverted into private accounts, plus interest, plus inflation, through automatic reductions of their guaranteed benefits. The total interest rate would be 3 percent above inflation annually. Unless the amount in their accounts grew by more than 3 percent plus inflation, the "clawback" would take away all (or more than all) of the value of the account.
- Private Accounts Would Force Trillions in New Borrowing. Under Bush’s plan, money that was earmarked to pay current beneficiaries would no longer be available, requiring the government to borrow trillions of dollars to allow Social Security to pay for promised benefits. Without this borrowing, benefit cuts to current retirees would have to be made.
- Bush’s Plan Would Worsen Social Security’s Financial Outlook. Accounts could be passed on in the event of a worker’s death or split in the case of divorce. In those cases, Social Security benefits would not be automatically reduced to recoup the money diverted away from Social Security, presenting a net loss.
- Investment Choices Would Be Limited. Workers could invest in five index funds, but it is unclear who would decide upon these choices or how the options would be determined. At higher ages, investments would be allocated to lifecycle funds that reduce the share of stocks with age, unless workers opt out of those funds. Upon retirement, workers would be forced to convert enough of their accounts into lifetime annuities to have a benefit equal to at least the poverty line.
As we see here------an FCC under Obama as a Democrat would have been expected to protect the Fairness Doctrine-----all that had to be done is for the FCC to vote to reverse the Reagan era attack on this democratizing policy on media-------this is why media today is allowed to present only global Clinton neo-liberal/Bush neo-con voice----why all this progressive posing and outright lying about public policy fills the airwaves with no way to present opposing views that would educate as to why voters should not support a policy issue. Baltimore is the worst----it is far-right Republican all the time----International Economic Zone and Wall Street Baltimore Development all the time-----
AND EVEN CONSERVATIVE REPUBLICANS ARE ANGRY OVER THEIR LOSS OF VOICE TO BUSH/HOPKINS NEO-CONSERVATIVES.
'Earlier this summer FCC Chairman Julius Genachowski agreed to erase the post WWII-era rule, but the action Monday puts the last nail into the coffin for the regulation that sought to ensure discussion over the airwaves of controversial issues did not exclude any particular point of view. A broadcaster that violated the rule risked losing its license'.
FCC finally kills off fairness doctrine
By Brooks Boliek
08/22/11 03:22 PM EDT
The FCC gave the coup de grace to the fairness doctrine Monday as the commission axed more than 80 media industry rules.
Earlier this summer FCC Chairman Julius Genachowski agreed to erase the post WWII-era rule, but the action Monday puts the last nail into the coffin for the regulation that sought to ensure discussion over the airwaves of controversial issues did not exclude any particular point of view. A broadcaster that violated the rule risked losing its license.
While the commission voted in 1987 to do away with the rule — a legacy to a time when broadcasting was a much more dominant voice than it is today — the language implementing it was never removed. The move Monday, once published in the federal register, effectively erases the rule.
Monday’s move is part of the commission’s response to a White House executive order directing a “government-wide review of regulations already on the books” designed to eliminate unnecessary regulations.
Also consigned to the regulatory dustbin are the “broadcast flag” digital copy protection rule that was struck down by the courts and the cable programming service tier rate. Altogether, the agency tossed 83 rules and regs.
Genachowski said in a statement that the move was aimed at promoting “a healthy climate for private investment and job creation.” Both the Obama administration and the FCC have come under criticism by business groups over laws and regulations such as health care reform and net neutrality rules.