March 31, 2008...8:02 am
Stock-Market Insecurity
Paulson to Propose Financial Market Overhaul
The government is talking about making the Federal Reserve bigger (much, much bigger) so it can better regulate the stock market. I hope it doesn’t come to fruition. My personal belief is that making gov’t bigger is seldom the solution. Making it smaller and putting individuals in the position where they have to behave with integrity or suffer the consequenses is.
I’m not sure how to transfer this philosophy to health care. I have many friends and family members who simply go without health care currently and I see how drastically it affects their quality of life. We’re lucky. We have health insurance through Fred’s employer. They recently doulbed the amount they’re taking from our paycheck though and we’re feeling the pinch.
I’ll write more about how we’re feeling the pinch later today or tomorrow.
For today, I’m watching the stock-market. I don’t have stocks, but I think it’s one of the indicators of how our economy is doing. I suspect things will not go well today, one way or the other.
2 Comments
March 31, 2008 at 10:47 am
The Federal Reserve is not a branch of the government. It is a private bank. This is not conspiracy stuff. The book, The Creature from Jekyll Island, goes into great detail on how the Fed was created. We need to know how our monetary system works, at least before it all goes kablooey.
Also interesting to note is that J.P Morgan was one of the founding bankers of the Fed. Didn’t they just get a sweetheart deal on another financial firm? Hmmm…
~Anna
March 31, 2008 at 7:25 pm
Miss Maggie, I am glad to have found you again! I lost you somehow.
Healthcare… blarg. I did my thesis on the U.S. healthcare crisis. Everyone has to be covered, or everyone will pay through the nose. There are a lot of complicated reasons why this is the case, but, sadly, it is how it is. And it is a mess.
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