Midwest News
Viewing comments for:
Mich. Agents: AIG Rescue, Insurance Regulation Still Best Left to States
Midwest News • September 24, 2008
The following commentary on the push for federal regulation as a result of AIG and other financial institutions' troubles was written by Robert PIerce, CEO, Michigan Association of Insurance ...
Insurance Journal is not responsible for the content of the message below.
| Subject | Posted By | Posted On |
|---|---|---|
| thanks for the article | matt | Sep 24, 2008, 4:11 pm |
| Back to article | ||
Subject: thanks for the article
"Instead, AIG's problems are related to its pervasive use of credit default swaps"
This could not be more true.
There are FAR TOO FEW people talking about CDS's and GSE's. The root of the problem won't go away if people aren't talking about it in the open.