The California Report
Let me clear out my Inbox and set you on your weekend way:
• The Megan's Law website apparently is being used as a hit list and may have led to at least one death. This is the downside of a "what about the children?" über alles mentality.
• I'm not entirely certain about this claim that state lawmakers could have solved the mortgage crisis back in 2001 by cracking down on predatory lending practices. It's a boilerplate story, a typical "they bought off the politicians" frame. But the problem, as Paul Krugman notes today, is that home prices lowered, leading to negative equity for homeowners. Not sure what the lawmakers could have done about that. This is a national crisis that required federal action. And what action could be taken on the state level is in the purview of the Attorney General. Jerry Brown is investigating home loans from Countrywide Financial for improprieties, particularly forcing buyers with good credit into subprime mortgages.
• For all the talk about Steve Poizner, he is doing his job in suing Blue Shield for their loathsome practice of dropping patients retroactively after they seek coverage. Blue Shield's response?
The state's interpretation of laws governing policy cancellations "is simply wrong."
Stupid state, not knowing their own laws as well as a private entity!
• Nancy Pelosi is under fire for saying that Republicans like this war. Juan Cole is right to slam her for assuming that Republicans would act in good faith and help to end the war after the 2006 elections. What Republican Party was she talking about?
• Anthony Wright has the new amendments released to the public on the new health care reform. I should have a lot more on this over the weekend.
• I know that I didn't execute a House roundup in November, but honestly there wasn't a whole lot going on in the races. So I postponed it and will have a December roundup in the next few days.
• And finally, I would be remiss if I didn't mention the California Democratic Party buying three grand in French wine from Fabian Nuñez, who's now a wine salesman, I guess. I have to acknowledge Kevin Spillane (two Republicans in one day, I know) from the No on 93 campaign for the funny move of sending a bottle of Two Buck Chuck to Nuñez' office. It is an award winner.
Labels: Blue Shield, California, Countrywide, Fabian Nuñez, health care, insurance industry, Iraq, Jerry Brown, Megan's Law, Nancy Pelosi, sex offenders, Steve Poizner, subprime mortgages
<< Home