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TWagen

TWagen
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  • California's San Bernardino County and two of its biggest cities, Ontario and Fontana, want to use the concept of eminent domain to forcibly buy underwater mortgages from investors, lower the loan principal to match the value of the property, and then resell the reduced mortgages. Proponents believe they have a strong legal case, but mortgage investors are unsurprisingly opposed. (See Shiller)  [View news story]
    Given how lenders are treated worldwide I am not sure why anyone would loan money. If the rule of law/contract can't be relied on then no loan is safe. The terms can't be high enough to cover that kind of bottomless risk (Other than full collateral coverage where the lender takes possession immediately).
    Jul 13 09:48 AM | 1 Like Like |Link to Comment
  • Texas yesterday became the most populous state to say it won't participate in the expansion of Medicaid or create a health insurance exchange, joining Florida, South Carolina and three other states in rejecting these Obamacare provisions. Medicaid insurers that could be affected by state opt-outs include WLP, WCG and CNC.  [View news story]
    Everyone should have healthcare and everyone should be a direct consumer and pay for it (To hold down costs and be a good consumer). Policies should be freed from mandates and should be more a catrastrophic policy.That said, Anyone that wants more or different should be allowed to purchase the desired coverage and all should be free to roll the dice as well and not choose to cover (Without anyone intervening, for good or bad). No tax deductions for insurance for employers or other, that breeds bad behavior. That is the high level. I could go to more detail but probably not necessary

    Does that help ? This is an honest attempt to clarify a position that many of the opposed feel is wrong with centralized Govt controlled healthcare.

    That said even those opposed can see the holes in this plan and it will get played and abused until it can't take the cost anymore. Companies will send everyone to the exchanges or stay below 50 employees, the costs will climb, many will not buy policies and stage protests (Even those that want free care).
    Jul 10 07:35 PM | Likes Like |Link to Comment
  • The first group (9) of large banks have submitted their so-called living wills to the Fed and they've been made available to the public. Required by Dodd-Frank, the documents are supposed to lay out how the giants could be wound down in bankruptcy in event of material financial distress or company failure.  [View news story]
    Why or how would anyone ensure that they are accurate or work ? Certainly not leadership as they will be gone if these are triggered. More meaningless paperwork to update forever.

    Certainly no guarantee or insurance for the future !
    Jul 3 02:17 PM | 3 Likes Like |Link to Comment
  • The bottom line for employers of the Supreme Court healthcare opinion is that most companies won't drop coverage for workers, but some might rework their plans and smaller ones could delay hiring. That's because firms with 50+ workers will be liable for a fine starting at $2K per employee if they don't provide insurance. "That will flat out limit us to 49 employees," says one small-business exec.  [View news story]
    You are a dreamer..... An uptick in employment, Employers offering insurance in risky industries (Only if it is subsidized by others. Stop, Stop, you are killing me !
    Jun 29 08:46 AM | Likes Like |Link to Comment
  • The issue of legality may have been settled on Obamacare, but the debate about the law is just starting to heat up. Republican Rand Paul calls the decision "bone-headed," insisting that "The whole thing remains unconstitutional." Meanwhile, Democrat Nancy Pelosi went out on Twitter to declare "Victory for the American people!" One thing remains for sure: The uncertainty that has plagued the markets over this bill for the past two years shows no signs of abating any time soon.  [View news story]
    Net effect many buisinesses will look even more at offshoring to avoid the additional mandates and regulations. No business approaching 50 staff will cross that barrier. If they lower the barrier, then more jobs will leave our shores
    Jun 29 08:39 AM | 2 Likes Like |Link to Comment
  • The issue of legality may have been settled on Obamacare, but the debate about the law is just starting to heat up. Republican Rand Paul calls the decision "bone-headed," insisting that "The whole thing remains unconstitutional." Meanwhile, Democrat Nancy Pelosi went out on Twitter to declare "Victory for the American people!" One thing remains for sure: The uncertainty that has plagued the markets over this bill for the past two years shows no signs of abating any time soon.  [View news story]
    Just ask yourself one question. What is the amount of the penalty for no policy. If it is crushingly large (And strongly enforced), people will buy the insurance and millions of poor will suffer. If it is small, nobody will buy insurance until needed. and the insurers will leave the marketplace.

    What is the workable alternative. Many of us do not like this policy, that said. I think we are all ready to play it for as long as it survives.

    That pot of new tax money will also be very tempting to use for other things )i.e. SS.....
    Jun 29 08:35 AM | 1 Like Like |Link to Comment
  • The bottom line for employers of the Supreme Court healthcare opinion is that most companies won't drop coverage for workers, but some might rework their plans and smaller ones could delay hiring. That's because firms with 50+ workers will be liable for a fine starting at $2K per employee if they don't provide insurance. "That will flat out limit us to 49 employees," says one small-business exec.  [View news story]
    To clarify. You are correct they will get out of HI game, but the payer will be the employees.
    Jun 28 12:34 PM | Likes Like |Link to Comment
  • The bottom line for employers of the Supreme Court healthcare opinion is that most companies won't drop coverage for workers, but some might rework their plans and smaller ones could delay hiring. That's because firms with 50+ workers will be liable for a fine starting at $2K per employee if they don't provide insurance. "That will flat out limit us to 49 employees," says one small-business exec.  [View news story]
    No way. Either it comes out of workers or they avoid it. This is not just an inconvenience for employers it is personal and they will fight it until they have bastardized it beyond recognition. Walmart/MCd, others still ahve their exemptions in place as well.
    Jun 28 12:33 PM | 3 Likes Like |Link to Comment
  • The bottom line for employers of the Supreme Court healthcare opinion is that most companies won't drop coverage for workers, but some might rework their plans and smaller ones could delay hiring. That's because firms with 50+ workers will be liable for a fine starting at $2K per employee if they don't provide insurance. "That will flat out limit us to 49 employees," says one small-business exec.  [View news story]
    Right now none but the fear is that the loophole will be closed. My guess is that you open the next company not in USA. That is harder to stop.....

    So stupid and nonproductive this healthcare game that is being played.
    Jun 28 12:32 PM | 4 Likes Like |Link to Comment
  • "The solution to too much debt is not more debt," says Jim Rogers, opining on the Spanish bailout. "The way the system is supposed to work - when you fail you fail - competent people come in and take over assets ... it's absurd economics, absurd morality."  [View news story]
    Or later, depending on how long before we start the pain.... This is just the sun before the storm. It is the time to be the ant and prepare for winter.
    Jun 11 03:14 PM | 1 Like Like |Link to Comment
  • Detroit will miss a $34.2M bond payment due Friday, warns Mayor Dave Bing, as Michigan will not release escrow funds while the city's top lawyer sues to have a consent decree overturned. The state says the suit challenges all contracts made with the city, including bond financings.  [View news story]
    Yes. Mich, California, Pennsylvania, etc.... Without Christie New Jersey would be in there as well.
    Jun 11 02:27 PM | 2 Likes Like |Link to Comment
  • Nokia (NOK -2.8%) trades lower after Samsung (SSNLF.PK) shoots down rumors it's interested in buying the struggling mobile giant. While Nokia's IP, brand, and manufacturing expertise could be of value to Samsung, the integration challenges of any deal would be immense, and regulators might not be thrilled to see it happen.  [View news story]
    Or they are interested and do not want to see the price run up ? If they bought Nokia it would impact the windows phone market and potentially help there Marketshare.
    Jun 11 11:19 AM | Likes Like |Link to Comment
  • Why Didn't Europe Bail Out Spain's Banks Directly? [View article]
    True to keep the entity going but the pain always come home at some time, that was my point. No way can you discharge debt and come out spending again. To get back to normal you either use austerity to eventually pay back the debt or default and get cutoff for a long period of time and usually then with higher lendingt costs.
    Jun 11 09:12 AM | Likes Like |Link to Comment
  • There are now over 100K Windows Phone (MSFT) apps available - that's up from barely 50K at the end of 2011, and less than 25K a year ago. About 2/3 of all apps are free. Though Windows Phone's app library is still much smaller than iOS and Android's, its growth shows the willingness of app developers to spread their bets, especially as WP gains a bit of momentum thanks to Nokia's (NOK) Lumia launches. (previous)  [View news story]
    They do not move like that.... They go up 5/6 % for a few days and then an announcement comes out that explains the accumulation. Then they either move much higher quickly or the deal unravels and down it goes. My money is on the Nokia + side right now. MS needs them and others may as well. They are at a strategic juncture for MS which wants to grow Win phones and Android which would like them back in their fold. MS has deep pockets and Android side does as well.

    Sound reasonable.
    Jun 10 01:35 PM | Likes Like |Link to Comment
  • Why Didn't Europe Bail Out Spain's Banks Directly? [View article]
    No way without severe pain. By all indications there is no appetite for that......
    Jun 10 01:31 PM | 1 Like Like |Link to Comment
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