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How would you vote on Obama`s budget?
The "fog of change" has cleared within 40 days of taking office. What a massive hoax Obama has pulled on america. Obamas' re-shaping of society has been unveiled to announce unlimited government and intrusive government with the tax code as its tool for wealth redistribution, tax levies on american business with Cap & Trade carbon tax rendering our economic growth to a sinking ship. His "not one more dime of taxes for taxpayers under $250,000" is laughable -- higher capital gains rates will be higher, caron taxes to utility companies will become higher rates for all busines and homes. The taxes on the 2% of the rich will quickly run dry; and then state and federal budget will redefine rich taxpayers in lower brackets. Massive Medicare cuts for the medical iand insurance industry will be transfered to taxpayers for making up the difference.Ear marks proliferate the Omnibus Budget - no ear marks exist he claims -- what language can we believe in?
WSJ.com

Health Insurers, Poised for Round 2
As the conversation intensifies about health care reform, no one knows what role the insurance industry will play in a revamped system.
The New York Times

Buffett`s worst year
Berkshire Hathaway reported today that its net worth fell in 2008 by $11.5 billion, a decline reducing its per-share book value by 9.6%. That was Berkshire's worst result in the 44 years that chairman Warren Buffett has run the company and, in fact, only the second decline in that period. The other drop was 6.2% in 2001, a year hurt by 9/11 and other problems in Berkshire's insurance operations.
CNN

Ban urged on insurers' use of credit scores
Credit scores and credit reports should not be used to set car and home insurance rates, some Florida lawmakers say. State Rep. Priscilla Taylor, a West Palm Beach Democrat, said especially now, credit history shouldn't affect the price of Floridians' insurance premiums.
homeinsurancepower.com

February Wrap-Up: 252 Banks on FDIC Watch List, Gold Pull Back, Dow Declines (Again)
The Sun submits: Friday, the Federal Deposit Insurance Corp. (FDIC) released its last quarter banking profile (PDF) of 2008 and the banking sector is still very weak, despite hundreds of billions of dollars of infusion from the government. At the end of 2008, a total of 252 banks were placed on the FDIC’s problem bank list, up from 171 institutions at the end of the third quarter.The combined assets at these troubled financial institutions also went up from $116 billion at the end of third quarter to $159 billion. At the same time, earnings at banks kept falling. according to the FDIC report, the banking industry reported its first quarterly loss of $26.2 billion in the four quarter since 1990, with full year net income falling to $16.1 billion, which is also the lowest since 1990. While net income fell sharply, loan loss provisions skyrocketed to $60.3 billion in the last quarter of 2008, more than twice the amount set aside in the same period a year ago. The only good news we c
Seeking Alpha

State Farm's exit has lawmakers antsy
It's a tossup as to which is the bigger monster threatening Florida's property-insurance market. The state's troubled catastrophe fund with its potential $18 billion shortfall can't make good on promises to reimburse insurers and pay claims if big storms hit. On the other side, State Farm Florida's complete withdrawal from the homeowners market displaces 1.2 million policies over the next two ...
homeinsurancepower.com

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