I attended two conferences within a week, both very pertinent to the issues supported on the website. One was a second of three sessions on the "New Economy' given by the Baltimore branch of the Federal Reserve and the other today at the University of Maryland Law School called 'TOO BIG TO JAIL: THE ROADBLOCKS TO REGULATORY ENFORCEMENT. I want to give a personal acknowledgement to the Keynote Speaker......Brooksley Born as one of the voices of reason who fought against the ending of Glass Steagall and the deregulation of banks when to do so at an early stage in her career could have sidelined her future. We remember Senator Dorgan of North Dakota for the same voice......shouting loudly and strongly. Do you hear your incumbent's voice?
ALL OF MARYLAND'S INCUMBENTS ARE BEHIND THIS DEREGULATION! THEY WERE IN THE MEDIA AS WORKING FEVERISHLY ON WRITING THESE FINANCIAL REFORMS.....WHERE ARE THEY AS THESE REFORMS ARE COMPLETELY WASHED AWAY!
I wanted to emphasize that your incumbent knew the consequences of this vote and they did it anyway. What is most helpful in these conferences is the public discussion of the fraud and failure to enforce it because we hear it no where else. We know as well there are people working on these issues that are not co-opted........many are feeling pressure from government/private officials not to discuss it. EVENTS ARE NOT ON AN INEVITABLE PATH! QUITE THE CONTRARY!
We mentioned earlier the twilight of the publicly listed company. As with the fraudulent Facebook IPO and with the hedge-funds with more money than God not needing a public listing for investment funds, we are witnessing the movement of corporations to private holdings. Today I wanted to use one example as to why this is bad for America. Public listings did many things to hold corporations accountable. Shareholders have a say with their voting rights and ability to sue for wrongdoing. Regulators are assigned to oversee these corporations so transparency is proscribed. Securing documents for accountability is easier.
While all this is now broken as regulators are corrupted, we would want to aspire to returning to a healthy transparent oversight system. Your incumbent is allowing the opposite to occur. By allowing these financial corporations to keep their ill-gotten gains......which is what made these corporations richer than God, by not forcing them to downsize with Financial Reform......your incumbent is allowing these corporations to become more than shadowy figures........but dangerous entities.
Below you see an example of this in Baltimore. We are watching our City Health Commissioner consolidating our health services for seniors to one corporation......ManorCare. ManorCare was a publicly listed corporation that was purchased by the world's largest hedge fund.......The Carlyle Group just as the economy crashed. These guys were the driver of the sub-prime mortgage fraud and were greatly enriched by it. It immediately took ManorCare private. So Baltimore has as its main senior health care agent a hedge fund who is completely unaccountable. Think Medicare fraud and the 50 million baby boomers heading towards retirement and Medicare.
Everyone can see this is the last thing you would want to see for health care. First you want it public. Then you want it local and accountable. Then you want it well regulated. This is the only way we will reform health care making it affordable and offering quality care. WHY ARE OUR INCUMBENTS ALLOWING THESE CORPORATIONS TO CREATE MEGA-HEALTH SYSTEMS WITH SOMETHING SO CRITICAL TO OUR LIVES? MARYLAND IS DRIVING THIS PRACTICE! BALTIMORE IS GROUND ZERO. This is not simply happening in health care, it is happening across all business sectors. Hedge funds like Carlyle are buying up huge chunks of an industry so as to create monopolies around the world. WE CAN CHANGE THIS POLICY IF YOU:
VOTE YOUR INCUMBENT OUT OF OFFICE!
Byron Dorgan Former U.S. Senator Byron Dorgan began his career in the public sector in 1969 as the Tax Commissioner of North Dakota, a position he held until 1980. He was then elected to the House of Representatives for the first of six terms, and in 1992 he was elected to the U.S. Senate where he would serve until 2011.
During his time in Congress he became known as a strong progressive voice, defending the economic needs of rural Americans, pushing for energy independence and promoting sound economic policies. Dorgan served as a senior member of the Senate Appropriations, Energy and Commerce Committees and Chairman of key subcommittees on Aviation, Energy and Water and Indian issues.
In 1999, he was one of only eight Senators to vote against the Financial Services Modernization Act (also known as the Gramm-Leach-Bliley Act), which repealed parts of a Depression-era law that had kept commercial banks from engaging in speculative investment activity. On the Senate floor, Dorgan gave an impassioned speech warning that the legislation would lead to greater risks being taken on Wall Street, and to huge conglomerates that would become “too big to fail.” After the financial meltdown of 2008, archival video of Dorgan’s nine-year-old speech went viral on the Internet, and he was cited by many as having “predicted” the banking crisis.
Following his retirement from public life in 2011, Dorgan joined the law and lobbying firm Arent Fox as a Senior Policy Advisor. He serves as co-chair of the firm’s Government Relations division.
Senator Dorgan is the author of two books, Reckless! How Debt, Deregulation and Dark Money Nearly Bankrupted America and Take This Job and Ship It: How Corporate Greed and Brain-Dead Politics Are Selling Out America.
WHAT WE ARE SEEING IS A HANDOVER OF ALL THINGS MARYLAND TO MEGA-CORPORATIONS. BELOW YOU SEE BALTIMORE IS COMPLETELY RUN BY MANOR CARE OWNED BY THE CARLYLE GROUP. IS THAT WHO YOU WANT RUNNING YOUR LOCAL CARE FOR SENIORS?
Other Senior Care providers near: Baltimore, MD
Assisted Living Home Care Nursing Home
ManorCare Health Services - Rossville
Quail Run Assisted Living Yes
ManorCare Health Services - Roland Park
ManorCare Health Services - Towson
ManorCare Health Services - Ruxton
ManorCare Health Services - Ruxton
ManorCare Health Services - Woodbridge Valley
Springhouse of Pikesville Yes
THIS IS WHO MANOR CARE IS: THE CARLISLE GROUP AND THEY JUST WENT PRIVATE IN 2008. THAT MEANS WE CAN'T SEE WHAT THEY ARE DOING. CARLYLE GROUP IS THE LARGEST HEDGE FUND IN THE WORLD.
Stock/Bond Holders On December 21, 2007, Manor Care, Inc. completed its transaction with The Carlyle Group to take the company private. Shares of Manor Care stock ceased trading on the New York Stock Exchange at the closing of the stock market on December 21. Shareholders who hold stock certificates should have received instructions from Manor Care’s stock transfer agent, National City Bank, on how to surrender their shares in exchange for $67 cash per share. If you were a Manor Care stockholder and need information on surrendering your shares of Manor Care stock or have any questions related to your share ownership, please contact:
National City Bank Shareholder Services Operations
3rd Floor - North Annex
4100 W. 150th Street
Cleveland, Ohio 44135
Phone: (800) 622-6757
National City Bank Shareholder Services Operations
P.O. Box 94720
Cleveland, Ohio 44101-4720
To read the press release announcing the closing of the transaction with The Carlyle Group, please click on this link. News Release: Carlyle Closing
AS YOU CAN SEE THESE INVESTMENT GROUPS WORK TO MAXIMIZE PROFITS FOR THEIR CLIENTS....THE INVESTORS. MAXIMIZING PROFITS MEANS LOWER OPERATING COSTS LIKE WORKER WAGES AND QUALITY OF CARE, LOW OR NO TAXES, FIGHTING ACCOUNTABILITY AND OVERSIGHT. NONE OF THAT WILL GIVE SENIORS GOOD CARE......IT WILL LEAVE SENIORS EXPLOITED AND ENTITLEMENTS/GOVERNMENT SUBSIDIES GUTTED WITH FRAUD.
THIS IS WHAT CARDIN, SARBANES, CUMMINGS, O'MALLEY, BROWN, MAGGIE MCINTOSH, AND RAWLINGS-BLAKE THINK IS GOOD ENOUGH FOR YOU AND I. WHAT SENIORS END UP IN THESE HEALTH FACILITIES? ALL OF THEM AT SOME POINT.
The Carlyle Group
Corporate Overview “Our purpose is to invest wisely and create value on behalf of an array of global investors, many of whom are public pensioners. We work for our investors.” Bill Conway, Chief Investment Officer The Carlyle Group is a global alternative asset manager with more than $156 billion in assets under management across 99 funds and 63 fund of funds vehicles. Founded in 1987 in Washington, DC, Carlyle has grown into one of the world’s largest and most successful investment firms, with more than 1,300 professionals operating in 32 offices in North America, South America, Europe, the Middle East, North Africa, Sub-Saharan Africa, Japan, Asia and Australia.
We Work For Our Investors
More than 1,400 investors from 75 countries rely on Carlyle to achieve premium returns on their invested capital. Our investors range from public and private pension funds to wealthy individuals and families to sovereign wealth funds, unions and corporations. Through an array of products and geographic specific-funds, we work to meet the dynamic needs of the world’s most sophisticated investors.
Four Business Segments
- Corporate Private Equity – buyout and growth capital
- Real Assets – real estate, infrastructure and energy and renewable resources
- Global Market Strategies – distressed and corporate opportunities, corporate mezzanine, energy mezzanine, hedge funds and structured credit
- Fund of Funds Solutions – private equity fund of funds program and related co-investment and secondary activities
Carlyle uses its One Carlyle global network, deep industry knowledge, Executive Operations Group and portfolio intelligence to create and execute a customized value creation plan for each of our corporate private equity and real asset investments.