The P/C industry has never needed a federal bailout; it has always monitored the health of all carriers and when one goes belly-up, they cover the losses within their own industry. Why should banks want insurers included in this legislation? Why to spread THEIR risk, but not to SHARE their rewards. The banking industry has had at least 4 episodes of failure, since 1929 and has yet to own up to their own ineptitude; but oh yes, they will take their millions and cry poor. Dodd should get the message from these captains of industry. P/C has integrity; I still cannot fathom why this issue is not dead, except that banking wants to keep it alive to soften the blow to their profits!
The P/C industry has never needed a federal bailout; it has always monitored the health of all carriers and when one goes belly-up, they cover the losses within their own industry. Why should banks want insurers included in this legislation? Why to spread THEIR risk, but not to SHARE their rewards. The banking industry has had at least 4 episodes of failure, since 1929 and has yet to own up to their own ineptitude; but oh yes, they will take their millions and cry poor. Dodd should get the message from these captains of industry. P/C has integrity; I still cannot fathom why this issue is not dead, except that banking wants to keep it alive to soften the blow to their profits!
Dodd is a crook and should be in jail