Comments on: Stakes are High as Bailout Strides to Clear House and Senate http://www.moneymorning.com/2008/10/02/senate-bailout/ Investment News Provider Thu, 19 Nov 2009 15:36:16 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: Federal Reserve Joins Central Banks Around the World in Cutting Rates, but Is It Too Late? http://www.moneymorning.com/2008/10/02/senate-bailout/comment-page-1/#comment-10732 Federal Reserve Joins Central Banks Around the World in Cutting Rates, but Is It Too Late? Thu, 09 Oct 2008 13:09:09 +0000 http://www.moneymorning.com/?p=2385#comment-10732 [...] Money Morning: Stakes are High as Bailout Strides to Clear House and Senate [...] [...] Money Morning: Stakes are High as Bailout Strides to Clear House and Senate [...]

]]> By: Rick R. Pelley http://www.moneymorning.com/2008/10/02/senate-bailout/comment-page-1/#comment-10306 Rick R. Pelley Thu, 02 Oct 2008 20:22:39 +0000 http://www.moneymorning.com/?p=2385#comment-10306 Over and above tax relief, which is part of new measures contained within the Senate passed bailout package, what US government, or “other” agency, can “legitimately” pay out any arising insurance claims pursuant to Federal Deposit Insurance, mortgage-backed securities, and/or Mental Health Parity insurance provisions? The latter, Mental Health Parity, of course, which provides coverage for mental illness, is, appropriately at this time, most poignant of all. But again, who in the US, or elsewhere for that matter, can underwrite “legitimately” in US dollars, claims payouts? Or pay even the “premiums” for such insurance, to begin with? A Sovereign Wealth Fund, in China, or Dubai? But, aren’t such Funds denominated, still, in US currency? Over and above tax relief, which is part of new measures contained within the Senate passed bailout package, what US government, or “other” agency, can “legitimately” pay out any arising insurance claims pursuant to Federal Deposit Insurance, mortgage-backed securities, and/or Mental Health Parity insurance provisions?

The latter, Mental Health Parity, of course, which provides coverage for mental illness, is, appropriately at this time, most poignant of all.

But again, who in the US, or elsewhere for that matter, can underwrite “legitimately” in US dollars, claims payouts? Or pay even the “premiums” for such insurance, to begin with?

A Sovereign Wealth Fund, in China, or Dubai?

But, aren’t such Funds denominated, still, in US currency?

]]> By: Rick R. Pelley http://www.moneymorning.com/2008/10/02/senate-bailout/comment-page-1/#comment-10293 Rick R. Pelley Thu, 02 Oct 2008 16:05:28 +0000 http://www.moneymorning.com/?p=2385#comment-10293 Over and above tax relief, as new measures contained within the Senate passed bailout package, what US government, or “other” agency, can “legitimately” pay out any arising insurance claims pursuant to Federal Deposit Insurance, mortgage-backed securities, and Mental Health Parity insurance provisions? The latter, Mental Health Parity, of course, which provides coverage for mental illness, is, appropriately at this time, most poignant of all. But again, who in the US, or elsewhere for that matter, can underwrite “legitimate” claim payouts? Or even the “premiums” for such insurance, to begin with? A Sovereign Wealth Fund, in China, or Dubai? But, aren’t they denominated, still, in US currency? Over and above tax relief, as new measures contained within the Senate passed bailout package, what US government, or “other” agency, can “legitimately” pay out any arising insurance claims pursuant to Federal Deposit Insurance, mortgage-backed securities, and Mental Health Parity insurance provisions?

The latter, Mental Health Parity, of course, which provides coverage for mental illness, is, appropriately at this time, most poignant of all.

But again, who in the US, or elsewhere for that matter, can underwrite “legitimate” claim payouts? Or even the “premiums” for such insurance, to begin with?

A Sovereign Wealth Fund, in China, or Dubai?

But, aren’t they denominated, still, in US currency?

]]>