Moon Kil Woong

The Hypocrisy and High Stakes of Healthcare Reform

The health insurers have pretty much dropped out of the support column. Perhaps that's why the general public is becoming increasingly favorable towards a public option. If we just got rid of the heath insurers there would be planty of cookies for all of us since they are the biggest cookie monsters out there.

I'd rather suffer an overpaid doctor than an overpaid insurer, an overpaid administrator, an overpaid claims ajuster, and an overpaid lawyer each using my own money to find some way to prevent me from getting the coverage I already paid for. Do we need some sort of health reform? Most definately!

Closing Update for Monday, July 27: Scratching It Out

Thank Goldman Sacs, the new program trading savior. That way you can feel richer for 16 hours giving you a good nights rest.

Cramer's Stop Trading! The Most Egregious Industry (6/23/09)

Isn't the most egregious industry stock promoters like Jim Cramer?

Markets Close Up, Not Sure Why

How can people call it a surprise when everyone expected after FASB accounting rule changes and PPIP Enronesque pricing systems are expected to go into place that banks would simply stop marking down their losses. In fact, even if they reported huge losses people would say the worst was over, simply because they know losses can once again be hidden.

In reality, banks coninue to make ridiculous spreads and hoard cash because the reality of their situation remains essentially the same. Once again we sacrifice the long term for the short term and a pack of lies and are asked to cheer.