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After gamble backfires, L.A. demands refund from banks

interest-rate-swaps-7
September 2, 2014 By Wayne Lusvardi.   In the San Francisco Bay area, public transit riders are paying $104 million in higher rider fees to cover the cost of exotic financial insurance known as an interest rate swap. In Detroit, the inability of the city to make interest rate swap payments signaled eventual bankruptcy. So the recent news that the city of Los Angeles wants out of its 2008 interest rate swap insurance...

VIDEO: The Economics of Immigration: Peter Schiff on Workers and Welfare Magnets

NEW: VIDEO: The Economics of Immigration: Peter Schiff on Workers and Welfare Magnets
September 1, 2014 By admin. There's a difference between somebody coming to America to work and people coming to America for a hand out. Businessman Peter Schiff explains to CalWatchdog.com's James Poulos.  

VIDEO: How Sen. Obama and Big Labor Killed Immigration Reform

NEW: VIDEO: How Sen. Obama and Big Labor Killed Immigration Reform
September 1, 2014 By admin. Illegal immigration is once again a top issue for California. But in D.C., is there anybody working to reform the system? Grover Norquist, president of Americans for Tax Reform, provides his insights to CalWatchdog.com's Brian Calle.   ...

100,000 lacking ID could lose Covered CA coverage

Covered California front page, Oct. 3, 2013
August 29, 2014 By James Poulos. Covered California could lose up to 100,000 enrollees who haven't proven their eligibility under the state's version of the Affordable Care Act, or Obamacare. According to the ACA, unlawful U.S. residents aren't permitted to receive coverage. Yet, although California is home to many immigrants who crossed the border illegally, Covered California officials vow that most of those whos...
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