Take-over? Nonsense. You must not have turned the page from your scare tactic talking points on healthcare. The Dodd measure affects Wall Street firms and exempts all but the one or two largest insurance financial conglomerates — what AIG used to be– from federal oversight. 99.99% of insurers will continue to be regulated by states. Get serious– should nothing been done to rein in Wall Street?
This regulation is nothing more than a take over of the insurance industry in the name of protection and streamlinining of the financial market. The Feds are puppets of the Federal Reserve and the World Bank. Bye free enterprise and freedom.
Alex – this is just one slow step to eventual takeover of insurance! Progressive liberals do these things slowly so we idiot Americans don’t know what’s going on until it is too late.
Now would be a perfect time to get banks and financial institutions out of the insurance business, that loop hole allows banks and FIs to ghost their assetts into apparent “reserves” where they then are allowed to open insurance divisions and market faulty under secured policies to their bank clients. Banking and Financial Services are exactly that and Insurance is Insurance. Keep them separate!
Take-over? Nonsense. You must not have turned the page from your scare tactic talking points on healthcare. The Dodd measure affects Wall Street firms and exempts all but the one or two largest insurance financial conglomerates — what AIG used to be– from federal oversight. 99.99% of insurers will continue to be regulated by states. Get serious– should nothing been done to rein in Wall Street?
This regulation is nothing more than a take over of the insurance industry in the name of protection and streamlinining of the financial market. The Feds are puppets of the Federal Reserve and the World Bank. Bye free enterprise and freedom.
Alex – this is just one slow step to eventual takeover of insurance! Progressive liberals do these things slowly so we idiot Americans don’t know what’s going on until it is too late.
Now would be a perfect time to get banks and financial institutions out of the insurance business, that loop hole allows banks and FIs to ghost their assetts into apparent “reserves” where they then are allowed to open insurance divisions and market faulty under secured policies to their bank clients. Banking and Financial Services are exactly that and Insurance is Insurance. Keep them separate!