Home |
Search |
Today's Posts |
#192
![]()
posted to rec.boats
|
|||
|
|||
![]() |
#193
![]()
posted to rec.boats
|
|||
|
|||
![]()
On 5/9/2010 7:48 PM, wrote:
On Sun, 09 May 2010 19:12:47 -0400, wrote: On Sun, 09 May 2010 17:23:14 -0400, wrote: On Sun, 09 May 2010 16:26:14 -0400, wrote: On Sun, 09 May 2010 15:38:18 -0400, wrote: On Sun, 09 May 2010 14:43:23 -0400, wrote: uh, no. the market had dropped a few hundred points over the previous week as the scope of the greek problem became news. a drop of 1 trillion in 1 day had zip to do with greece. What the hell are you talking about? you havent been following the market for the last week or 2 have you? it's been dropping as the greek situation became news...it's BEEN news for several weeks The down spike you are talking about lasted about 15 minutes. There was a correction but that was not a trillion dollars. and saying absolutely NOTHING about bush...nothing. not a peep. now, why is that? I say plenty about bush and the stupid war. That was his fault. The CDO problem was caused by legislation that happened before he took office. You seem to ignore that. uh...no. in fact i quite squarely blame it on the right winger phil gramm and his enron VP wife who engineered a bill to exclude the SEC from regulating derivatives Bush, Gramm, Clinton, I guess they are all the same guy in your mind I think a lot of the drop was to tell Congress, that Wall Street controls the money. Do not pass any bills breaking up to big to fail companies. There are so many controls on the trading software, Wall Street has a bigger budget than NASA, that to say some fumble finger pressed a B instead of an M just does not fly. Especially when Wall Streeters were in front of Congress at the time. |
#194
![]()
posted to rec.boats
|
|||
|
|||
![]()
wrote in message
news ![]() On Tue, 11 May 2010 15:16:04 -0700, "nom=de=plume" wrote: You ain't seen nothing yet. They just added a lot of extra liability to the insurance plans and did nothing to restrict the price they will charge for it. This is just fear-based rationale. There's no "lot of extra liability" to insurance plans. Huh? They just told insurance companies they have to pick up anyone with a preexisting condition, they can't limit coverage amounts and they have to carry "kids" until they are 26. That is a lot of extra liability. The insurance companies have already said they will pick up the kids, but there will be an extra premium for doing it. We don't know how much the preexisting condition and unlimited coverage increase will be. It is a fairly simple process for the underwriters to project the extra cost and apply that to the current premium. That's also a lot of new customers and a lot of premiums. I guarantee you that the ins. companies are not hurting. There's an "extra" premium for everything. The bill that passed is a first step. More needs to be done. |
#195
![]()
posted to rec.boats
|
|||
|
|||
![]() |
#196
![]()
posted to rec.boats
|
|||
|
|||
![]()
wrote in message
... On Tue, 11 May 2010 22:57:03 -0700, "nom=de=plume" wrote: Huh? They just told insurance companies they have to pick up anyone with a preexisting condition, they can't limit coverage amounts and they have to carry "kids" until they are 26. That is a lot of extra liability. The insurance companies have already said they will pick up the kids, but there will be an extra premium for doing it. We don't know how much the preexisting condition and unlimited coverage increase will be. It is a fairly simple process for the underwriters to project the extra cost and apply that to the current premium. That's also a lot of new customers and a lot of premiums. I guarantee you that the ins. companies are not hurting. There's an "extra" premium for everything. The bill that passed is a first step. More needs to be done. There may not be as many new customers as the government predicts. When you tell the 20 somethings that they can buy a $6,000 a year insurance policy or pay a fine of a few hundred bucks, they will pay the fine. Even OMB agrees with that. Nobody ever said anyone in the medical establishment will be hurting. This bill guarantees everyone from the doctors, hospitals and drug companies to the insurance companies will be making a lot of money. it will be the patients who will be hurting since there were no cost controls in this bill. Very similar arguments were made by Republicans when Social Security and Medicare came into being. It's just not true. |
#197
![]()
posted to rec.boats
|
|||
|
|||
![]()
wrote in message
... On Wed, 12 May 2010 06:13:43 -0400, bpuharic wrote: On Tue, 11 May 2010 21:34:35 -0400, wrote: On Tue, 11 May 2010 21:01:58 -0400, bpuharic wrote: health insurance costs under the free market were increasing at double digit rates! guess you right wingers missed that part! You ain't seen nothing yet. They just added a lot of extra liability to the insurance plans and did nothing to restrict the price they will charge for it. by liability right wingers mean 'human beings'. Liability is the ability to pay to treat those human beings. You seem, to believe health care is free. death is free. is that what you're advocating? we spend a **** load of money subsidizing wall street, large agriculture,etc your preference is to pay for this by letting the weak, the ill, the unemployed die? This bill has dumped those people on Medicaid so it will show up in your state taxes or the money will have to be taken away from other state programs (roads, cops, firemen and schools). Again you think there is a free lunch out there somewhere. I suggest you take a long hard look at Greece. They thought there was a free lunch too. Our deficit problem is really only a few points better than theirs (9% of GDP vs 13%) Our economy is nothing like Greece. |
#198
![]()
posted to rec.boats
|
|||
|
|||
![]()
On Sun, 09 May 2010 15:12:48 -0600, Canuck57
wrote: On 09/05/2010 1:38 PM, wrote: It was far more than a simple computer glitch. Greece and the possible crash of the Euro was a lot more troubling than one trader typing billion when he meant million. Most of that was recovered by the end of trading. You have that right. It sure as hell was no glitch. Only in liberal-debt monger liberal minds was it a glitch. They can dream on. A trillion dollar move occured. i love it. greece was in the news for weeks. but then, miraculously, in 15 minutes, the planets aligned and BOOM!! a trillion dollars evaporated! any more proof needed that the right wing is tin foil hat material? The market ran out of buyers and had too many sellers. That simple. No one trusts our own governmetns debt-corruption currency and banking mismanagement. And that includes the USA. really? wonder why, then, the dollar has increased in value against the euro oh. i guess rush forgot to tell them what to think Between Greece and pathetic US numbers for unemployment and debt spending, the market paniced. Big deal. Buying opporunities. ![]() pathetic unemployment? you mean because 260,000 jobs were created last month? oh..i forgot. you're right wing. when people get jobs you weep. |
#199
![]()
posted to rec.boats
|
|||
|
|||
![]() |
#200
![]()
posted to rec.boats
|
|||
|
|||
![]()
wrote in message
... On Wed, 12 May 2010 11:53:57 -0700, "nom=de=plume" wrote: wrote in message . .. On Tue, 11 May 2010 22:57:03 -0700, "nom=de=plume" wrote: Huh? They just told insurance companies they have to pick up anyone with a preexisting condition, they can't limit coverage amounts and they have to carry "kids" until they are 26. That is a lot of extra liability. The insurance companies have already said they will pick up the kids, but there will be an extra premium for doing it. We don't know how much the preexisting condition and unlimited coverage increase will be. It is a fairly simple process for the underwriters to project the extra cost and apply that to the current premium. That's also a lot of new customers and a lot of premiums. I guarantee you that the ins. companies are not hurting. There's an "extra" premium for everything. The bill that passed is a first step. More needs to be done. There may not be as many new customers as the government predicts. When you tell the 20 somethings that they can buy a $6,000 a year insurance policy or pay a fine of a few hundred bucks, they will pay the fine. Even OMB agrees with that. Nobody ever said anyone in the medical establishment will be hurting. This bill guarantees everyone from the doctors, hospitals and drug companies to the insurance companies will be making a lot of money. it will be the patients who will be hurting since there were no cost controls in this bill. Very similar arguments were made by Republicans when Social Security and Medicare came into being. It's just not true. Medicare ended up costing several times the original CBO projection at the 10 year mark. So? Are you saying that it shouldn't have been done or undone now? If so, there are lots of people would take exception. |
Reply |
Thread Tools | Search this Thread |
Display Modes | |
|
|
![]() |
||||
Thread | Forum | |||
Wall Street | General | |||
Wall Street Whores | General | |||
Wall Street... | General | |||
Wall Street Journal sez: | General | |||
As seen on Oprah, 20/20, the Wall Street Journal | General |