Is the case against Sir Allen getting more complicated?

Sir Allen On first blush, the criminal case against Sir Allen Stanford, the mercurial chairman of Stanford Financial Group, would appear to be pretty straightforward.

On the other hand, why was the Securities and Exchange Commission apparently falling over itself for years to avoid closing down Stanford Capital, even in the face of credible, inside information provided to the agency regarding Stanford’s scam nature?

Could Sir Allen have been keeping the regulators at bay by playing several agencies of the federal government off against one another?:

A Panorama (BBC) investigation has suggested that Sir Allen was shielded from an earlier inquiry into his activities because he co-operated with a US Drug Enforcement Administration (DEA) attempt to track money laundering by Latin American drug cartels. [. . .]

Panorama claimed some US officials were aware of Sir Allen’s cartel links as long ago as 1990. It reported that Sir Allen, paid a $3.1 million (£2.05 million) cheque to the DEA in 1999 after that sum was invested in his bank by another Mexican drug gang, the Juarez cartel of Amada Carillo Fuentes.

According to Panorama, whose investigation will air on Monday, Sir Allen was initially investigated by the SEC over suspicions he was running a Ponzi scheme in the summer of 2006, but the inquiry was over by the winter of that year.

The BBC claims the decision to close the investigation followed a request by another government agency.

Panorama says it is aware of "strong evidence" that Sir Allen was a "confidential agent" for the DEA as far back as 1999 and turned over details of money laundering by clients from Colombia, Mexico and Ecuador.

Rodney Gallagher, a British financial investigator, who knew Sir Allen in the 1980s said it was clear to him that the Texan had "a very close relationship with the DEA" and occasionally hired former agency staff to work for him.

The DEA declined to comment to the BBC on its allegations.  .   .  .

If Sir Allen bought time for a scam by playing nice with the DEA, the federal government’s dubious prohibition policy toward certain drugs will have added an entirely new layer of costs.

Cruising the Houston Ship Channel

The oil and gas industry is synonymous with Houston, but many folks do not know that health care and the Port of Houston are huge economic drivers in the local economy, too. Check out this time lapse video by Lou Vest on a ship leaving the Port of Houston along the Houston Ship Channel. Here is a similar video that Vest did last year during the daytime. Enjoy.

Mostly for Trekkies

With the latest Star Trek movie opening this weekend, you may want to pass the following video of an old William Shatner Saturday Night Life sketch along to your Trekkie friends. Be sure to watch through the end.

Jenkins returns to Sawgrass

jenkins Clear Thinkers favorites Dan Jenkins, the dean of American golf writers, is making his first trek to TPC Sawgrass in a decade this week to cover my favorite tournament, The Players (which includes the always fun video of the 17th hole).

Geoff Shackelford scores this interview with Jenkins (which is a follow-up on this one from last year), and it is clear that Jenkins is already in mid-season form. The first part of the answer below is from last year’s interview, the second from this year’s:

The men’s tour sucks. Everybody drives it 340 and shoots 63. I’ve never heard of half their names, and don’t care to know them until they get back to me with two majors.

My fee for talking to Tiger Woods is going up every day. I’ve tried for 10 years to get a one-on-one with him—and can’t. Why? Because Mark Steinberg says, "We have nothing to gain."

Can you imagine what the men’s tour would look like if Tiger and Phil both suffered career-ending injuries? I’ll tell you. It would look like what it looks like today when they aren’t in the field. It would increase interest in polo.

.   .   .[I]in my declining years, I have arrived at the point where I don’t give a damn about anything but the four majors and the Ryder Cup. They are important. The regular tour sucks.

I should mention that the regular tour didn’t used to suck. It used to be quite glamorous, when the LA Open was always first, when the Crosby was the Crosby, when the players wore snappy clothes and movie stars hung around them, when the Florida swing had its own charm, same for Texas, and so on. But mainly when every winner was SOMEBODY.

I live in the past. It was a better world.

No doubt that more than a few of the folks attending the tournament this week will, at least part of the time, be enjoying Jenkins’ classic “Mankind’s 10 Stages of Drunkenness” from his 1981 novel, Baja Oklahoma:

0) Sober

1) Witty and Charming

2) Rich and Powerful

3) Benevolent

4) Clairvoyant

5) F**k Dinner

6) Patriotic

7) Crank Up the Enola Gay

8) Witty and Charming, Part II

9) Invisible

10) Bulletproof

A big risk of health care finance reform

stethoscopeIn addressing issues relating to health care and health care finance reform over the years, I’ve tried to be careful to differentiate America’s Byzantine and inefficient health care finance system from the quality of America’s health care, which remains very good overall.

But strains in the quality of care are definitely beginning to show as America’s existing health care finance system crumbles under the weight of, among other things, excess government regulation on medical insurance markets, unrealistic expectations regarding the supply and allocation of medical resources, over-reliance on third-party payors and the failure of American society to confront the issues pertaining to the limits of care.

The following is an email from a friend of mine, who is a first-rate internist who has been working as a hospitalist for the past several years. He is preparing to leave a hospital for which he has worked for the past couple of years because of the failure of the hospital’s administration to address worsening working conditions for the hospital’s primary care physicians:

I’m down to ten days left there, and those days can’t go by fast enough for me.

The average number of admissions in a weekday day shift (7 a.m. to 7 p.m.) is 12.

We had 23 yesterday.

When you take the standard estimate of an average of 75 minutes necessary to complete a new patient admission to the hospital — with the attendant patient interview and data collection, physical exam, review of lab and x-ray results, formulation of treatment plan, preparation of admission orders, and dictation of the official patient history & physical for the medical record — the amount of work requested from our hospitalist group yesterday was 13+ hours over average. This is more than another full-time equivalent doctor, yet we can’t persuade the national hospitalist company managing the hospital to provide any more help for us.

As a consequence of the barrage of admissions, I did not complete my "morning" rounds on existing hospital patients until 6 p.m.  There were a couple of patients who could have been discharged from the hospital yesterday, but by the time we got to them, it was too late in the day to discharge them (area nursing homes won’t take transfers after 2 p.m.).

As you can imagine, this type of delay causes longer length-of-stay and more expense for the system.  And this does not even begin to address the mistakes in care that may have been (or more likely WERE) made due to all of us rushing around as if we were in a 12-hour long fire drill.

It’s a bad way to practice medicine.

Contrast this to my new situation, which is a hospital-administered program. They believe in and adhere to the notion that the risk is high that patient care is likely to suffer once a doctor is required to see more than 15 hospitalized patients per day. Inasmuch as they don’t have the heavy administrative overhead that national hospitalist companies are required to service, my new hospital can allow their docs to work at a more controlled pace and still make ends meet.

Ten more shifts and I’m gone.

Thanks for letting me vent.

Believe me, my friend is the type of doctor that you want to have taking care of you if you find yourself in the hospital. That a hospital administration is willing to let him get away is a sure warning sign that the problems in the health care finance sector are adversely affecting the quality of care.

The Butcher vs. The Oilman

Daniel Day-Lewis as Bill the Butcher from Gangs of New York has a discussion with Daniel Day-Lewis as Daniel Plainview of There Will Be Blood.

Heineken’s Walk-in Cooler

Following up on this earlier post, isn’t it interesting that some of the most creative product on television these days is in commercials?