CLCA: The Answer to Lower Auto Insurance Quotes

I have always been a dedicated commuter, relishing the financial benefits I reap from the tidy sum I save from doing it. However, I found the need to purchase a car, since I recently transferred to a different company that is located far away, but offers better compensation and benefits. I know for a fact that here in California, it is mandated that everyone has to have auto insurance. Being a newbie when it comes to getting auto insurance quotes, I decided to arm myself with a bit of helpful information via internet researching. I came across an interesting and useful tidbit regarding the CLCA—California’s Low Cost Auto Insurance Program.

For me to be able to buy this insurance, I would have to take a questionnaire test to find out if I qualify for it. Once I certify my eligibility, my application will be assigned to a company via a random assignment process. To be eligible, I’d have to be at least 19 years old, a licensed driver for the past three years, a qualified good driver, have a vehicle valued for $20,000 or less, and meet income eligibility requirements. The CLCA’s basic liability policy includes $10,000 for bodily injury per person, $20,000 for injury per accident, and $3,000 for damages per accident. There are other optional coverages available at extra charge and they include the following: $1,000 for medical payments per person and $10,000 and $20,000 for uninsured motorist bodily injury per person and accident respectively. However, some coverage’s are not included and can be purchased separately such as the coverage for Comprehensive and Collision damages.

I think this is a brilliant program because not every driving citizen can keep up with recent auto insurance quotes CA. The CLCA gives the lower economic class the opportunity to buy auto insurance and protect one of their important investments. Although upon critical review and considerable self reflection, I don’t think I can qualify for this, mainly because I do not meet the income eligibility requirements. But at least I know that there are countless of people far more deserving than I who can positively take advantage of it.

For more, check out Reseda auto insurance quotes Now.

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Of the Mistake that is the Obama Housing Bailout

A new Obama mortgage bailout is being proposed. People see that it is quite similar to the old one. The new Obama bailout moneys being injected is worth about 200 billion dollars. Again.

Why is it that the more someone tells you what you should do about your life or yourself, the more you hate it and you feel the need to rebel against the advice? At least that’s how it is for me. Perhaps it’s because I have been lectured so many times as a child while being hit with a belt. Perhaps it’s because I felt bullied or threatened. What is it that creates the pride that makes you hate admitting that you were wrong? That what you did made things worse. That it was your fault, your decision. And why is it that these kinds of feelings don’t usually appear in the issue of love. Is it because I knew too well the satisfying results of admitting your mistakes in love but not in other parts of life like work and responsibility? Perhaps. I don’t know. But what I am sure of is that the Obama housing bailout plan is a mistake. And the administration better fess up to it.



Everyone is fighting over the 200 billion dollar Obama bailout moneys distributed to Freddie Mac and Fannie Mae. So many people argue about the fact that the Obama administration is still working to create a kind of solution that only serves as a show move. A move to instill confidence back into the economy, but does not really have enough significant effects to raise it up on its own. The Obama mortgage bailout doesn’t even have a clear enough break down of expenditure. Please Mr. President, show us the money.

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Hedge Fund Adviser Registration Act of 2009

As part of its ongoing initiative to implement financial industry regulatory reform , the Obama Administration delivered proposed legislation to Capitol Hill yesterday that would require all advisers to hedge funds and other private pools of capital, including private equity and venture capital funds, to register with the Securities and Exchange Commission (SEC). As noted in the Treasury press release accompanying the Administration’s proposal, hedge funds contributed to the strain on the financial markets by de-leveraging at various points during the financial crisis. Accordingly, in attempt to curb any future liability caused by such entities, the proposal seeks to help protect investors from fraud and abuse, provide increased transparency, and supply information to regulators necessary to assess whether risks in the aggregate or risks in any particular fund pose a threat to the nation’s overall financial stability.

To accomplish these goals, the Administration’s proposal would require advisers to private funds with more than $30 million of assets under management to register with the SEC. In addition to the standard requirements imposed on all registered advisers, adviser to hedge funds and other private pools of capital would be required to provide significant information regarding the assets, leverage use and off-balance sheet exposure of the private funds they manage and provide enhanced disclosure to their funds’ investors, creditors and counterparties. Because of the sensitive nature of this information, this data would be treated as confidential and would not be disclosed to the public. The SEC would, however, share this information with the Federal Reserve and the proposed new Financial Services Oversight Council to help them assess whether any fund or funds advised by the adviser poses such a level of systemic risk as to justify heightened oversight.

The Administration's bill closely mirrors a similar proposal introduced last month by Senator Jack Reed, (D-R.I.), the Private Fund Transparency Act of 2009, which also seeks to require hedge funds and other private funds with assets under management of $30 million or more to register with regulators and to provide the SEC with the authority to collect information from the hedge fund industry and other investment pools, including the risks they may pose to the financial system. However, unlike the Administration’s proposal, the Reed bill does not provide specific details regarding the types of information that would be required and instead merely mandates that advisers “maintain such records and submit such reports as are necessary or appropriate in the public interest for the supervision of systemic risk by any Federal department or agency.”

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Obama's Bailout to Cost us Trillions of Dollars

According to the Heritage Foundation reports that the true cost of the so-called "stimulus" is going to be $3.27 trillion. That's right, President Obama's bloated bailout boondoggle is going to cost four times the already outrageously expensive $789 trillion Senator Susan Collins finds "fiscally responsible."

Here's the skinny from Heritage:

All of the major news outlets are reporting that the stimulus bill voted out of conference committee last night has a meager $789 billion price tag. This number is pure fantasy. No one believes that the increased funding for programs the left loves like Head Start, Medicaid, COBRA, and the Earned Income Tax Credit is in anyway temporary. No Congress under control of the left will ever cut funding for these programs.

So how did Heritage come up with $3.27 trillion? The Congressional Budget Office estimated the impact of permanently extending the 20 most popular provisions of the stimulus bill bailout boondoggle.

The true 10 year cost of the stimulus bill $2.527 trillion in spending with another $744 billion cost in debt servicing.

The total bill for Obama's truly bloated bailout boondoggle is $3.27 trillion. Staggering amount, isn't it? Where do you think they will get this? Obviously from the taxpayers.

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The Obama's Way: Bailout Plan

The Obama administration’s new plan to bail out the nation’s banks was fashioned after a spirited internal debate that pitted the Treasury secretary, Timothy F. Geithner, against some of the president’s top political hands.

In the end, Mr. Geithner largely prevailed in opposing tougher conditions on financial institutions that were sought by presidential aides, including David Axelrod, a senior adviser to the president, according to administration and Congressional officials.

On Monday evening, new details emerged after lawmakers were briefed on the plan.

It intends to call for the creation of a joint Treasury and Federal Reserve program, at an initial cost of $250 billion to $500 billion, to encourage investors to acquire soured mortgage-related assets from banks.

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