A question that continues to pop into my head ever since a few years ago and even more so since this stimulus plan was put into effect.  It’s not really a question but a statement; why the stock market shouldn’t exist. You may be saying what on earth is this person talking about, keep reading and I will explain.

It all started when the markets around the world began to collapse a few years back in the year 2006 to 2007. Based on the events that outlined the collapse many stocks and companies plummeted to a record low numbers all based on consumer confidence. Consumer confidence drive stocks up. This means that if the media, the people and the spending of that company is good or acceptable than the stock price will remain average or greater. It is not based on profits, growth or other values.

If a media company wanted to they can simply dictate and promote a stock or a brand to a vast quantity of people and be able to get the stock price up. The reason that this is so important is because this stock system seems to rely on those factors rather.

Another problem with the stock market is shareholders. Companies always need to impress the shareholders. Companies are forced by shareholders to continue growing and making more profit eventually he will be a point in time when companies cannot continue to grow they will stop it is just impossible for these companies to continue growth. How is it impossible? It is impossible because there is only so many resources that the company can compete for and that is money and people eventually you’ll max out the people that are going to buy your product or services and that is how you will cap out the market.  This is how shareholders kill public companies.  A shareholder who hate the particular company or just outright as his own corporation even a private one can invest money into a company and sell at their own discretion at any point in time. Short selling is a prime example of how detrimental these acts can be.

In short if the stock market did not exist companies could no longer compete against themselves they will be able to focus more on their own and as a result will be more stable company. Shareholders bring many instabilities companies as they are always trying to make money on their investment which makes sense but in reality these people were trying to make money too fast. The market today is not stable and it has not been for the last 100+ years before.  I feel that if companies want  to become public they should not be burdened by what the shareholders have to say or what they want.

In less than 200 days the Obama administration has already figured out a plan to give the USA a new healthcare system when it takes years on end for a single product or even a service to come around.  Far to fast it seems.

Healthcare system and lines

Most people who pay taxes actually don’t pay taxes because they get tax breaks or get a refund.  Those people should not be elgibdle to vote for this sytem.  More than 15% of those people will be abusing the system anyways for drugs.

There are 1800 insurance companies there is no need for Goverment Health. No need for more spending no need for more crap.

Another major point is that NO DEMOCRATS have yet to be signed up on this new healthcare system.  Congress and the senators of which make it up have their own heatlchare system.  Yes, the won’t be on this plan.  Isn’t it wonderful how great this plan is when your own leaders are not on it.  Socialism people.  This is bad.  Until congress gets on the new healthcare system those of course who should be tyring it out as they are passing this crap, will not be on it.  Thus the american people are being corrupted by a congress and administration who is possibly connected the world largest corruption scheme ever.  Someone is playing their card quite well and a lot of people are soley being mislead.

People are saying how we should follow other countries, and this is never a good idea, as many mistakes can be made.  Canada’s healthcare is broke the people hate it.  Europe not only is it broke they have a terrible FDA like department that just doesnt care.

As much as you may have disliked President Bush he has in fact Prevented attacks on the United States of America after September 11th 2001.  We have not seen any additional attacks against us since that terrible day.  Thanks to his efforts he had pushed forth with we are still safe.

Who is really to blame for the economic downturn?  Is it the banks?  The senator not paying his taxes?  Past President Bush?  Well I think we should start looking at the Credit Rating Agencies (CRA).

Let’s first explain what are Credit Rating Agencies (CRA), and what their responsibilities are so, that you (the people) are informed.

“A credit rating agency (CRA) is a company that assigns credit ratings for issuers of certain types of debt obligations as well as the debt instruments themselves. In some cases, the services of the underlying debt are also given ratings. In most cases, the issuers of securities are companies, special purpose entities, state and local governments, non-profit organizations, or national governments issuing debt-like securities (i.e., bonds) that can be traded on a secondary market. A credit rating for an issuer takes into consideration the issuer’s credit worthiness (i.e., its ability to pay back a loan), and affects the interest rate applied to the particular security being issued. (In contrast to CRAs, a company that issues credit scores for individual credit-worthiness is generally called a credit bureau or consumer credit reporting agency.)” Source: Wkipedia

Note: I could of shortened the definition, but it is necessary to have the full meaning of the term.

How are the Credit Rating Agencies (CRA) Responsible?

Essentially, the Credit Rating Agencies (CRA), were in fact the ones that told these companies that they could sell these AAA bonds and packages and are now telling they can no longer sell them.  Interestingly they found that out after the the markets went down quite a bit.  Was the CRA really doing their job in the first place?  I think they are the ones to be blamed, and I feel that the American people have been robbed by these companies who obviously didn’t provide their services as intended.

After, several months they issued to some of the big bond insurance companies could no longer offer and sell their AAA (really good bonds) rated bonds.   The CRAs also downgraded most of these bond insurance companies.  Though, it was really unfair because these businesses were told by the CRAs that they could in fact sell them just weeks prior.  The CRAs clearly made a huge mistake, didn’t do their homework, and is now taking away from the American people.

Lawsuit? Yes I think so,  I believe, the entire USA, and people around the world who were affected by these companies decisions and actions caused by these companies have the right to legal action, for inaccurate information and now they the CRA are trying to get the bond insurance companies that have been so overwhelming affected by these ratings are now treating companies poorly like they did something wrong and downgrading them.  In an effort to save themselves the CRA did wrong and is now blaming everyone else though they were in charge of what bond insurance companies were worth to an extent.

Clearly they were not doing their job, and they should be repremanded for their mistakes nobody else but CRA.

Slumdog Millionaire is an inspiration.   The performance and cinematic events captivates the audience.  The music behind it is such a fresh feeling.   If you haven’t seen the movie I suggest you do so!

The movie is in English, there are only subtitles for phrases that are not said in english, but the entire movie really is in english.

Slumdog Millionaire best movie ever?  Best Film?