Month: March 2020

As I write this post, I am watching President Trump give an update on March 29, 2020 at 5:30 p.m. Trump’s just announced the extension of the quasi-lock down we are in until April 30th and that has me thinking what if? What if it’s August and the virus is still out of control? What…

Well just a few days ago I wrote how FDIC should have raised their insurance coverage limit from $250,000 to $350,000 to adjust for inflation since the last time it was adjusted was in 2008 with the last financial crash. Here we go again. I hope they raise the limit because I’ve already pulled cash…

I tried searching for reports on reserves for some of the big health insurance companies and I had trouble finding them. If I understand how most insurance companies operate, they take in premiums, invest those premiums in bonds and equities to generate returns and use those funds to pay claims that are filed by their…

Well here we are again 11 years after the last financial crash and there is talk of bailouts for airlines, cruise lines, banks, hotels, restaurants and on and on and I have yet to hear a single person demand FDIC insurance be funded to prevent insolvency, I wish that were the only problem but the…