Submitted by Mike Tipping on September 20, 2008 - 11:00am
Opening up the health insurance market to more vigorous nationwide competition, as we have done over the last decade in banking, would provide more choices of innovative products less burdened by the worst excesses of state-based regulation.
Sounds like something we hear a lot from certain folks in Maine.
Health Care
It will take years to unravel all of this--but I can assure you that at the root of all of this will be government. Fannie and Freddie are essentially government organizations the doled out millions to politicians and to themselves.
It is pretty dull reading - but you will find several key decisions from the early 90's through today that fueled the housing mess - which is the fuel that ignited what we are seeing.
A re great site--not political--or at least it doesn't strike me as political is here: http://housingdoom.com/
I have been reading this for a while. I think you will like it.
I enjoy your site, in spite of the occasional shilling for Allen--who will lose by 19 points. You can take that to the bank...or maybe your mattress.
site
Glad you enjoy the site.
I'll warn you that there will be a good bit more shilling going on before the election, which I agree Allen will almost certainly lose.
Thanks, I'll take "almost
Thanks, I'll take "almost certainly" as code for ass-whooping.
If you have time - there is a good article here:
http://tinyurl.com/4pcgss
It discusses the build up to the current wall street melt down--with lots of blame to go around.
From the article: The combination of relaxed banking ownership rules and unsafe lending practices were a recipe for disaster. The “sub-prime” loans were heavily marketed with government approval and loan brokers jumped on them as an opportunity to make additional money. They weren't lending anything, so their risk was minimal. The banks probably knew that the rising real estate market couldn't last forever, and that at some point the bad loans were going to crash. This knowledge, combined with the blurred lines between commercial and investment banking is likely what led the mortgage lenders to convert their real estate loans into “securities” which they then sold in the investment markets, effectively creating a virus which infected the entire financial industry. Now, the whole economy is feeling the effects of the disease.
Mccain is not right at all on
Mccain is not right at all on this. Obama is going in the right direction. I think obama is doing the right thing with health care reform. let time show that it is right. denver mortage