Thursday, February 6, 2014

Elizabeth Warren: Let's Stop Scamming Our Vets

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This week, Sen. Elizabeth Warren (D-Mass.) introduced legislation along with Sen. Marco Rubio (R-Fla.) that would protect elderly veterans from financial scams and sketchy financial advisers.
The Department of Veterans Affairs (VA) funds an assisted living program for certain low-income veterans, and for years scammers and faux investment consultants have preyed on elderly vets enrolled in it. Warren and Rubio's bill, introduced Tuesday, would require the VA to crack down on these shady dealers.
"For thousands of our oldest veterans who need help with basic daily activities, the…program is a critical lifeline," Warren said. "Unfortunately, scams are turning the program into something that can actually undermine the financial security of our older veterans and waste federal funds."
Swindlers calling themselves "veteran's advisers" often charge vets fees to help them obtain assisted living benefits, even though the application is free, according to the Consumer Financial Protection Bureau (CFPB). "Investment advisers" also profit off the assisted living program. These advisers will counsel veterans who have too many assets to qualify for the program to stow some of their money in a trust or account that cannot be accessed for years, so that it appears the vets are poor enough to qualify. The result is that vets cannot access their savings, and investment advisers earn a healthy commission for their "advice."
as a Vet i applaud the bill, but i'm sorry Rubio is a republican despite the good idea with this he still votes for taking food stamps from poor families and their kids, he votes to deny you the right to vote,m they won't vote on Pres.'s jobs act, 
they have been deceiving us for 5 years about ACA, they cut social programs but refuse to discuss the rich and their non existent tax payments, woman's rights to decide for their own bodies, he is searching for those who would congratulate him.
 "This bipartisan proposal will help put an end to these financial scams and ensure that we honor our veterans' commitment, sacrifice, and service to the nation," Warren said.
yes but they are still talking about cutting pensions and other payments, there is cllearly a lot that they can do to honor vets that was not mentioned.  22 vets commit suicide a day what are they doing about that?