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AIG Crisis Highlights the Need for Insurance Professionalism

National News • October 10, 2008
American International Group's meltdown may serve at least one (if not more) positive purpose: spotlighting the difference between the insurance professional and the non-professional. Insurance ...

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Subject: RE: You've got to be kidding me...

Posted On: October 13, 2008, 9:16 am CDT
Posted By: Obama bin Biden
Comment:
The problem is the Community Reinvestment Act, not insurance professionalism. AIG was insuring subprime mortgage securities mandadted by the CRA. The mortgages were agitated for by ACORN and Barack Hussein Obama, their attorney. Fannie and Freddy's CEO's became Hussein's advisors after making their millions, and gave Hussein more Fannie and Freddie largess than any politician but Chris Dodd (D), Senate Banking Committee chairman.

So, in a nutshell, Hussein and his thieving friends caused AIG's problem: defaulting on credit default swaps. This of course started the panic, because everyone's bad paper was insured by CDS's.

But worry not: Hussein and the Dems are gonna fix it all up!
Subject Posted By Posted On
Seriously?? Donna
Oct 14, 2008, 6:31 pm
AIG rosemary
Oct 14, 2008, 1:36 pm
AIG & Ins Professionalism rosemary
Oct 14, 2008, 1:19 pm
RE: You've got to be kidding me... Stat Guy
Oct 13, 2008, 2:36 pm
RE: RE: Some Additional Thoughts Stat Guy
Oct 13, 2008, 2:23 pm
RE: RE: You've got to be kidding me... Dustin
Oct 13, 2008, 12:42 pm
RE: You've got to be kidding me... Obama bin Biden
Oct 13, 2008, 9:16 am
RE: You've got to be kidding me... Matt
Oct 13, 2008, 8:46 am
Commerical Lines Not Profitable Scooby
Oct 12, 2008, 3:33 pm
RE: Insured's have lowered their expectations... wudchuck
Oct 11, 2008, 9:07 am
RE: You've got to be kidding me... Insurance Youth
Oct 10, 2008, 10:41 pm
You've got to be kidding me... The Dude
Oct 10, 2008, 8:31 pm
RE: RE: Dr. Ruth Gill Fin
Oct 10, 2008, 4:21 pm
RE: Dr. Ruth Dr. Ruth
Oct 10, 2008, 4:16 pm
RE: Dr. Ruth Insurance Youth
Oct 10, 2008, 3:50 pm
You hit the Nail on the Head! ~Vee
Oct 10, 2008, 3:16 pm
RE: RE: Some Additional Thoughts Reverend-CPCU,CLU,FLMI
Oct 10, 2008, 3:05 pm
Insured's have lowered their expectations... Gill Fin
Oct 10, 2008, 3:04 pm
RE: Some Additional Thoughts Cheminsurance
Oct 10, 2008, 2:46 pm
It's up to us. Proud Ins Professional
Oct 10, 2008, 1:51 pm
RE: RE: Some Additional Thoughts Hard Market
Oct 10, 2008, 1:37 pm
This is so true! fenkazl
Oct 10, 2008, 1:34 pm
Professionalism Bill Rabel
Oct 10, 2008, 1:21 pm
Insurance Professionalism Dr. Ruth
Oct 10, 2008, 1:11 pm
Great comments Mongoose
Oct 10, 2008, 12:45 pm
RE: Professionalism Dedicated Insurance Girl
Oct 10, 2008, 12:32 pm
AIG -- or PIG Suzie Q
Oct 10, 2008, 12:30 pm
RE: Professionalism That's Right Big Dog
Oct 10, 2008, 12:30 pm
RE: Some Additional Thoughts That's Right Big Dog
Oct 10, 2008, 12:28 pm
RE: Some Additional Thoughts Risk Averse
Oct 10, 2008, 12:28 pm
Professionalism Insurance Professional
Oct 10, 2008, 11:24 am
Some Additional Thoughts Big Dog
Oct 10, 2008, 9:52 am
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