Lets see, Chicago politics meets wallstreet, hmmmm. Tiny tax cheat Tim, gets to go out and take over companies. Could that be GM and we all pay for the Unions pension plans forever into the future?
The AIA has been an advocate of federal regulation of insurance products for many years. No surprise here however if Congress were to speak to the actual state regulators and insurance agents in this country, they would know that this is the last item that should be over-hauled. State insurance regulation has long protected the insurance buying public as well as protecting the agents in selling sub-standard products. Ms. Pusey could care less about state regulation, the agents or the consumers of the United States.
When we need to take over the means of production and commerce why would we stop with manufacturers or banks?
You want insurance protection? Pay into the government’s plan. Eventually, insurance will be set aside and you will simply take your need for recovery to a Federal agency for consideration. Once you have been issued certificates of purchase for whatever it is that you are allowed to use, that’s it. If you lose it, too bad – you’ll learn to do without or be resourceful enough to manage repairs on your own.
The underground economy (aka the Black Market in government speak) will flourish, all the while avoiding the prying eyes of the informants and the hands of the new department of Homeland Security tasked with reeducating those of us who fail to conform.
We are indeed witnessing the beginnings of the end of the USA that our Founding Fathers formed.
To all those who are pushing for a national regulatory authorrity… see the headline. It is a two edged sword!
LOU
How’s that hope and change working out for you?
Lets see, Chicago politics meets wallstreet, hmmmm. Tiny tax cheat Tim, gets to go out and take over companies. Could that be GM and we all pay for the Unions pension plans forever into the future?
The AIA has been an advocate of federal regulation of insurance products for many years. No surprise here however if Congress were to speak to the actual state regulators and insurance agents in this country, they would know that this is the last item that should be over-hauled. State insurance regulation has long protected the insurance buying public as well as protecting the agents in selling sub-standard products. Ms. Pusey could care less about state regulation, the agents or the consumers of the United States.
When we need to take over the means of production and commerce why would we stop with manufacturers or banks?
You want insurance protection? Pay into the government’s plan. Eventually, insurance will be set aside and you will simply take your need for recovery to a Federal agency for consideration. Once you have been issued certificates of purchase for whatever it is that you are allowed to use, that’s it. If you lose it, too bad – you’ll learn to do without or be resourceful enough to manage repairs on your own.
The underground economy (aka the Black Market in government speak) will flourish, all the while avoiding the prying eyes of the informants and the hands of the new department of Homeland Security tasked with reeducating those of us who fail to conform.
We are indeed witnessing the beginnings of the end of the USA that our Founding Fathers formed.
All hail Obama!!!
Insurers Find Geithner Regulatory Plan Unclear on Federal Role, Meanwhile Most Americans Find Geithner Unclear In General.