2
POPSBeginning of the End of Free Market Health Care in the U.S. Commercial insurers—who were still required to pay taxes, establish reserves, and adhere to other state insurance regulations—had difficulty competing with the Blues, which, by the 1950s, together were the largest provider of health insurance in America. In an effort to compete with the Blues, more and more for-profit insurance companies offered similar plans, and the model of third-party insurance plans paying the providers directly with little or no input from the patient—and paying for routine care through insurance—became entrenched. This new model was a disaster in the making. In addition to minimizing incentives for insured customers to comparison shop for medical services, it also minimized incentives for doctors and hospitals to compete on price.
3
POPSTop Trend-Caster: Prepare for Economic Winter Now! Get ready: He predicts bank runs by Feb. 2009. He is serious and he has been right on the mark in most predictions. His firm is Trends Research (here) and he is exposing the Goverment Lies and Big Banksters corruption. He has been interviewed as an acknowledged expert (which history proves) by such diverse media as CNN, Alex Jones (radio interview tonight), Fox News (where he said there would be a revolution against big government), and MSNBC, and Coast to Coast radio. His firm analyzes as "political atheists", they do not care about either political party, and consider them both corrupt. We forecast a high probability for the government to call a bank "holiday," at which time withdrawals will be drastically limited . Thus, while deposits will be FDIC insured, restrictions will be imposed on withdrawals. Is that why Obama is keeping Bush's new Executive Order for Martial Law upon any "nat'l emergency"?
0
POPSJanitorial services Universal Building Maintenance Inc can provide you with a wide spectrum of services, while saving you time and money. We are fully licensed, bonded and insured. We have over 20 years experience in providing janitorial services for office buildings, medical facilities, schools, churches, retail stores, and industrial buildings.
0
POPSUK Rushes Bailout Plan for Troubled Banks UK moves to nationalize struggling banks. Sounds like a run on a few banks in the UK could strap them for cash. Do they have the equivalent of FDIC, are the people accounts insured by the government? The moves are to provide enough "cash on hand for day to day operations"--i.e. consumer withdrawals: To address the collapse of confidence in money markets, the standby facility should ensure big banks have enough cash to fund day-to-day operations.
0
POPSFDIC Bank Backup info and more Good article on tips/info on things to consider in thie "economic pearl harbor" (as buffet called it), i've just clipped the part about FDIC insurance
0
POPSThe $55 Trillion Dollar Question a University of Maryland law professor and former director of trading and markets at the Commodity Futures Trading Commission. "If they couldn't keep passing the risk down the line, those guys would've been stopped in their tracks. The ultimate assurance for issuing all this stuff was, 'It's insured.'" Second, terror at the potential for a financial Ebola virus radiating out from a failing institution and infecting dozens or hundreds of other companies - all linked to one another by CDS and other instruments - was a major reason that regulators stepped in to bail out Bear Stearns and buy out AIG (AIG, Fortune 500), whose calamitous descent itself was triggered by losses on its CDS contracts (see "Hank's Last Stand"). "The big problem is that here are all these public companies - banks and corporations - and no one really knows what exposure they've got from the CDS contracts," says Frank Partnoy, former Morgan Stanley derivatives salesman.
3
POPSThe 55 trillion dollar question Will credit default swaps be the next disaster? When you put $10 on black 22, you're pretty sure the casino will pay off if you win. The CDS market offers no such assurance. One reason the market grew so quickly was that hedge funds poured in, sensing easy money. And not just big, well-established hedge funds but a lot of upstarts. So in some cases, giant financial institutions were counting on collecting money from institutions only slightly more solvent than your average minimart. The danger, of course, is that if a hedge fund suddenly has to pay off on a lot of CDS, it will simply go out of business.
0
POPSwhen banks fail hard to say what they actualy will do- but by the same token don't be taken in by horror stories from scammers seeking to exploit you through dis-information
0
POPSChecking The Status Of Your Bank With banks closing their doors and consolidating as they have been over the past few weeks, small business owners may be concerned about how their bank is doing.
0
POPSFinancial Wizards & Snake Oil Salesmen Republican philosophy allows Wall Street to do what they want. This past week shows the result of that allowing that kind of trust and free resign. "Fool me once, shame on you. Fool me twice, shame on me. Fool me over and over again, and maybe it's time we stopped listening to the financial wizards who keep insisting that they don't need any oversight." It is human nature to take what they can get away with, and when someone, anyone, in charge, says they don't need oversight, that's the time to pull in the reigns, sharply.
5
POPSWall Street Fat Cats Aren't at Fault This Time That’s because Raines was transforming Fannie Mae from a boring but stable financial institution dedicated to making homes more affordable into a risky venture that abused its special status as a “Government Sponsored Enterprise” (GSE) for Raines’ personal profit. Fannie bought the bad loans and bundled them together with good ones. Wall Street was glad to buy up these mortgage securities because Fannie Mae was deemed a government-insured behemoth “too big to fail.” And others followed Fannie’s lead.
1
POPSGiants and Jets Fans Join Uproar Over Stadium's Nazi Ties The company insured the Auschwitz death camp and had a chief executive serving in Hitler's cabinet. The company is on the short list of those vying to slap their name on the Meadowlands stadium in New Jersey via a lucrative sponsorship deal. The "NMSC has undertaken a rigorous due diligence effort," said spokeswoman Alice McGillion. "NMSC management and the teams' owners became sensitive to Allianz's history." After weeks of vetting the company, ownership is convinced that Allianz has done enough to correct its past, said a source close to the negotiations. Rabbi Jay Rosenbaum, secretary general of the North American Board of Rabbis, agreed that although survivors' sensibilities are understandable, a naming deal is legit. "I have found Allianz to be receptive, to be sensitive and a friend of the Jewish people today," he said. "We need not live in the past."
1
POPSOnly Spend What You Have - Now That's a Novel Thought It's no surprise our budget deficit soared again. Bush has pushed tax rebates and lower taxes overall, which is great. But when you couple it with increased spending, it spells disaster. Republicans will be quick to point out Democrats want to increase government spending and taxes, but the results show Republicans are just as good at spending money, if not better. The difference is they won't take responsibility for it and instead will leave us in a deficit for the next regime to handle.
0
POPSAtlanta Movers Moverdeal.com offers you a chance to work with one of the highest quality moving companies in the industry. We take your move seriously and we know how hard it can be to find quality moving companies that stand by their word, and their price. Whether you are in need of moving vans and services or you want a total moving package that includes disassembly and packing, we can offer you the type of high quality service that one would expect from a moving company that has built a reputation for superior customer service.
20
POPS12 Weirdest Things Ever Insured Whiskey company Cutty Sark was offering a $1.5 million prize for capturing the mythical Scottish lake inhabitant, the Loch Ness Monster, alive. They then took out home insurance against paying this prize, just in case someone actually did capture it alive. During the 1930s, then 13 year old Harvey Lowe insured his hands for $150,000, which was a large sum of money at the time. Harvey was the Yo-Yo World Champion of that era, having been playing since he was 12. He is still yo-yoing and filling up his current account to this day.
4
POPSFrom the horse's mouth: McCain's health-care advisor's personal blog McCain's health-care advisor, John Goodman, thinks we should deal with the problem of uninsured Americans by ordering the Census Bureau to stop calling people "uninsured." I kid you not. He says that since pretty much everyone ends up getting the medical care they need somehow or other, no one's really uninsured. If you read the whole post, you'll also see that Goodman is a little confused about how employer-provided health plans work in real life. This is also the same guy who recently said, commenting on health disparities between whites and nonwhites in the U.S., that "doctors just don’t control our over-eating, over-smoking, over-drinking, and shoot-outs in the hood." (http://snipr.com/3kuaa) Nice, dude. Nice.
7
Pops
Newest Clips
Latest Comments
Most Pops
Print
Save
Turn on live update