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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Tenchusatsu who wrote (434720)11/12/2008 9:54:01 PM
From: Alighieri  Read Replies (2) | Respond to of 1574261
 
Seems like liberals would rather not care for their own parents. Just leave that to the government.

You may not know what you are saying. Without medicare my parent's medical bills would have bankrupted them and me in just a few months. It's not a question of whether we need medical insurance for seniors...now if you want to "nuance" on how it is best administered, that is a fair debate. The rest is academic.

Al



To: Tenchusatsu who wrote (434720)11/13/2008 11:39:29 AM
From: Road Walker  Read Replies (2) | Respond to of 1574261
 
Soros says deep recession inevitable, depression possible
34 mins ago

WASHINGTON (Reuters) – George Soros, chairman of Soros Fund Management, testified at a House Oversight and Government Reform Committee hearing on Thursday. Highlights:

* Said "a deep recession is now inevitable and the possibility of a depression cannot be ruled out."

* Said hedge funds were an integral part of the financial market bubble which now has burst.

* Said hedge funds will be "decimated" by the current financial crisis and forced to shrink their portfolios by 50-75 percent.

* Said Fed, Treasury Department and the SEC must accept responsibility to prevent market bubbles from growing too big in future.

* Said impossible to prevent market bubbles from forming, but they can be kept within "tolerable bounds."

* Said financial engineering should be regulated and new products approved by regulators, and that such regulation should be a high priority of the new Obama administration.

* Said a recent IMF credit facility not large enough to stabilize markets.