Financials Matter

"It's Not Just About Finance"

The Rant (from yesterday) Continues

Have you ever noticed that laws that promise to protect the public “actually bolster the corporate bottom line.”

For example, the ongoing and furthering of “The Asbestos Transparency Act” didn’t help people exposed to asbestos. It was written by corporations who wanted to make it harder for victims to recoup money.

The “HOPE Act,” introduced in nine states, was written by a conservative advocacy group to make it more difficult for people to get food stamps.

At the same time, it enriches private contractors by outsourcing the work of verifying people’s eligibility for social-support programs, including Medicaid and SNAP (food stamps).

Those who likely qualify for assistance off of these programs get thrown under the bus to improve profitability for the private contractors.

All under the guise of “Helping People.”

Talk about Orwellian.

These points (along with yesterday’s rant) are only a few things that get my blood boiling.  (Can you tell?)

Add in the fact that 2019, The Political Year from Hell, is only in its fourth month and you’ll see how the term crazy may be an understatement.

Oh! 

And while I’m ranting, what ever happened to Larry Silverstein? (who famously signed a 99-year lease on the World Trade Center complex in June 2001, two months before the attacks).

Silverstein took out an insurance plan that just happened to cover terrorism.

After 9/11, Silverstein took the insurance company to court, claiming he should be paid double because there were 2 attacks.

He won, and was awarded $4,550,000,000 (He originally claimed $7.1 Billion).

My question is, what happens to guys like this or corporations that write laws like “The Asbestos Act” or The Hope Act?”

Do they just slither under another rock somewhere?

Naahhhh!

Hopefully they’ll be in the spotlight soon when the indictments start to fall…quite possibly before 2019 is over.

Until then, learn how the markets will react by subscribing to our monthly newsletter (HERE).

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