The private sector will out-lawyer the government on issues like this most every time. We’ll find out if they really are too big to fail only after a calamity. Met Life doubles down with the taxpayer’s money.
If state regulation is efficient and effective, the Federal Govt need not use the TBTF safeguard that is largely a knee-jerk reaction to AIG’s near meltdown. Recall the assumption of the McCarran-Ferguson Act/ Public Law 15 and ask yourself why did things evolve as they have recently. Improvements in state oversight / regulation will likely achieve better results than another layer of federal govt involvement in the insurance industry.
The private sector will out-lawyer the government on issues like this most every time. We’ll find out if they really are too big to fail only after a calamity. Met Life doubles down with the taxpayer’s money.
If state regulation is efficient and effective, the Federal Govt need not use the TBTF safeguard that is largely a knee-jerk reaction to AIG’s near meltdown. Recall the assumption of the McCarran-Ferguson Act/ Public Law 15 and ask yourself why did things evolve as they have recently. Improvements in state oversight / regulation will likely achieve better results than another layer of federal govt involvement in the insurance industry.