Thursday, March 05, 2009

Social Health Care Obama 2.0

The Obama Administration continues to pursue the idea of socialized health care. We have seen the effects of such programs in communist countries. Social health care Obama 2.0 is a terrible idea for America. We have seen what happened to banking when when liberal social programs were introduced. Our entire banking system is on or in the process of collapse.

Health care workers are already stretched thin! To ask then to do more for less would be a careless move. In the news I have noticed the Obama Social 2.0 pitch. They are testing the waters for their social moves. I am responding to those tests, we don't need or want it!

An Obama social 2.0 health care system would require those who pay for health care to wait in line with those who do not pay. By opening the doors to every procedure for everyone regardless of payment Obama will over-run the health care system. Essentially, no-one will receive quality health care. Additionally, over worked health care workers will seek employment in fields that are yet to be taken by the Obama social 2.0 program.

If Obama social 2.0 health care is successful, I propose a private health care system be created in areas outside the reach of social 2.0. One which individuals can continue to pay their premiums and have access to quality health care. One where they do not have to stand in line with non payers.

Again,

I must apologies for not updating you all about hot penny stocks. I have been entirely engulfed in the political BS overtaking the air waves. Additionally, the market has been pretty poor as of late. I will adjust my focus back to penny stocks shortly.

Tuesday, March 03, 2009

TALF Scam Launched

The TALF (Term Asset-Backed Securities Loan Facility) is targeted at unlocking the Asset Backed Securities market. The program intends to offer favorable loans to buyers of ABS in hopes of unlocking the credit market. The Federal Reserve believes TALF will clear the way for as much as 1 trillion in new lending.

What Obama and the Federal reserve are not taking into consideration. They are not considering the variables which allowed lending to inflate during the 90's and 2000. Bad burrowers were getting loans to purchase bad properties. Now the bad properties are worthless, literally worthless. Lenders were issuing loans for properties which should have been torn down. Today the assets lenders have on the books are worthless than their tear down costs.
Why, because the homes in the Midwest were not properly winterized and have sustained extensive water damage. These losses have not yet been recorded on banks books. This failure to account for entire losses is intentional and should be considered a fraud to investors.

This crisis is far from over, the aftershocks will have a long lasting effect on the burrowing and lending system. Ignorance is not an excuse, Ben, banks and the Federal reserve are fully aware of these losses. They are just ignoring them in hopes that the market will forgive their intentional error.

Sunday, March 01, 2009

AIG Announces The New Deal/Steal/Theft/Fraud?

AIG a defunct insurance provider has become one of the most heavily traded penny stocks in history. Over the weekend AIG informed the Federal government of a new plan to steal funds from Americans. Under the new deal additional funds will be made available to the floundering insurer. Funds previously given to AIG will have some kind of forgiveness and required interest rates will be reworked, certainly a losing proposition for Americans.
With the roughly $200 billion wasted defrauding Americans through AIG hundreds of new colleges could have been built. Delaying the inevitable loss of a failed business practice will not turn America from the recession it is currently in. Investing in higher education will not turn us out of our current depression. NOTHING will turn us out of the current depression. However, significant investment in HIGHER education will help prevent similar events from occurring in the future.
Please stop the waste, fraud, and abuse being committed against Americans through the governments failed bailout attempts. Government does not know what it is doing. Government does not care about what it is doing. Government has no business doing what it is doing. Americans will make the best decisions when it comes to spending and saving, not the federal government.
AIG is a lost cause, it never should have been given a dime. AIG was only saved to prevent the elite from losing everything they had. The special case ELITE have had plenty of time to dump their remaining investments in AIG. Now only foolish Americans attempting to make it big in the stock market will lose. Regardless, it is time to let this penny stock pig fail. Please do not foolishly throw any more good money after bad!