Actually I think this would fall back on Liddy, along with the Long Island screw ups. Tommy is just trying to clean up the mess he was given… (can’t say he’s doing a bang up job, though…)
Regulating insurance company investments and thereby protecting the policyholders reserve to pay claims is certainly within the Insurance Department’s purvue. As far as naming the guarantee of substandard backed mortgage loans go, it couldn’t be insurance because the outcome was never in doubt. The guarantees were bound to go down or all the banks in the U.S. didn’t know what they were doing for the last 100 years. I just don’t understand why they fell for it. But there is always reason. Usually it’s one that we don’t like hearing.
Wilson handled this about as deftly as the clumsy nonrenewals on Long Island. Come to think of it, Dinallo outflanked you on that one, too.
Guess this is one of them times that it was best to remain silent otherwise remove all doubt about being a fool!
Actually I think this would fall back on Liddy, along with the Long Island screw ups. Tommy is just trying to clean up the mess he was given… (can’t say he’s doing a bang up job, though…)
Regulating insurance company investments and thereby protecting the policyholders reserve to pay claims is certainly within the Insurance Department’s purvue. As far as naming the guarantee of substandard backed mortgage loans go, it couldn’t be insurance because the outcome was never in doubt. The guarantees were bound to go down or all the banks in the U.S. didn’t know what they were doing for the last 100 years. I just don’t understand why they fell for it. But there is always reason. Usually it’s one that we don’t like hearing.
Where are the warrants for the criminals?