Posted tagged ‘Economy’

The great 2008 Mortgage bailout – Why am I paying for other people’s homes?

March 27, 2008

Washington is abuzz with talk of rescuing the sub-prime mortgage lending industry, and all the home buyers who who signed up with them, gambling that rates would remain low.

Personally, I have a bunch of problems with this. First, when I bought my first and only home so far, I opted for the best fixed-rate mortgage I could find. I knew I’d be bankrupt if I went with an adjustable-rate mortgage and the market went bad. So, I’ve been paying higher interest rates than those who need their debts forgiven by the crazy lenders who loaned money to those who couldn’t really afford it.

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Blue Cross of CA solicited data from MDs to cancel insurance policies

February 15, 2008

The LA Times is reporting that BCBS has stopped sending out patient data and letters to doctors in an attempt to find ways to cancel their patients’ health insurance.

Overlooking the obvious lapse in medical ethics, is this even legal?

The opinions expressed in Steve’s Peeves are normally intended to enlighten, entertain and, in some cases, uplift. They may not be appropriate for young readers or the satirically challenged. Parental supervision is advised.