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Let's not discuss Trump, Hostess, Enron, mining companies and the other corporate deadbeats that declare bankruptcy, often multiple times. The corporate deadbeats that walk away form their debt and obligations. The corporate deadbeats that raid employee pension funds and shaft employees for salaries and pensions. The c...more
I am in favor of Health Care Reform. I have been able to insure my son in his 20's. I think the Act did not go far enough. I think the only way to really rein in health care costs is to have a single payer system like Europe and Canada. Everyone is covered, costs are controlled, hospitals don't have to jack the proces ...more
Welcome to the Teapublican dream! CEO pay soaring while over half of America is considered low income. I also saw an article where these high priced folks don't plan to hire so they can keep their pay soaring while America starves.
Governments and corporations should have been required to fully fund pension obligations as they were incurred and prohibited from removing funds for any other purpose. If these employers had practiced this due diligence, there would not be a "crisis".
The financial industry brought this on themselves with the help of Congress- it was called deregulation. There used to be a group of financial institutions called Savings and Loans. They got deregulated so they could lend on commercial real estate. I used to work for several, they went wild and built unsellable amounts...more
I never thought BofA cared about the individual customer so this is no surprise. I banked with them when I moved to new area because my employer did and thought the institution sucked. I bailed when the bought Countrywide because I could see the train wreck coming. I much prefer my credit union.
Does anyone else wonder about the timing of these downgrades? Might the rating agencies be trying to hold us hostage and kill the regulatory bill in committee in the House?
They should close the loopholes and remove the caps on social security income. Collect taxes on all earnings, public and private, including directors compensation, deferred compensations and bonuses, cash and non cash,, in the year awarded. No Caps, No Exceptions, Everybody Pays.
7/21/2011
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