After all, the government got it right with Social Security being fully funded, right? Oh, oops! Well, at least the government got it right when the ensured the promises made to medicare recipients were honored, right? Oh, you mean Obama already cut $500 BILLION from the program, as it has been badly mis-managed? Oh, oops! Well, at least the government is in the black for the time being, making sure they have enough cash on-hand to fund its general operations, right? Oh, you mean to say the feds are again running a record deficit, bringing our total debt to nearly $15 TRILLION? Oh, oops!
I find it laughable the government is sticking its ugly, incompetent head into Metlife’s business. After all, it wasn’t Metlife who required banks to make bad loans. It wasn’t Metlife who allowed banks to then securitize the bad loans the feds required them to make. And, if I recall correctly, it wasn’t Metlife who got Freddie and Fannie to buy up all the bad loans (that was Harold Raines, Jamie Gorelick, Barney Frank, and Chris Dodd) avaiable, allowing Freddie/Fannie/Wall Street to fill Democrat Party coffers with campaign cash, making Raines and Gorelick hundreds of lillions of dollars in the process, all the while leaving taxpayers onteh hook for the “loans”.
What we need isn’t more bank regulations. Rather, we need the federal government’s ability to destroy America, the economy, the job market, and every person’s finances across the globe, all to buy votes (and make money) for the Democrat Party, brought to heel. This is not the people’s government. Rather it has merely become an ATM for all the greedy Democrat Party interests (greedy fed employees, greedy unions, greedy state employees, greedy union bosses, greedy trial lawyers, and greedy party apparatchiks).
Time for those with common sense to “stand athwart history and say ‘STOP!’ “
Funny how when our homeland is attacked and our economy tanks under Republican rule, it’s the out-of-power Democrats who are at fault. Then, when the Republicans are out of power, every problem is laid at the feet of the Democrats in power.
Face it. Republicans cut taxes and launched two wars. Then they didn’t have the intestinal fortitude to cut spending or pass a Balanced Budget Amendment when they had the chance. That represents the overwhelming majority of our debt. You’re hopelessly naive if you think the Republican party and its special interest supporters are any less greedy than anybody else.
I’m sure it makes you feel better to blame the “Democrat Party” (which, BTW, only makes you look ignorant when you can’t even get the name right) for all the evil in the world, but you’re contributing nothing to the debate.
During the 8 years Bush was president (the time period during which we were attacked and the recession occurred):
From 2001 – 2003, Democrats controlled the Senate, Republicans the House.
From 2003 to 2007, Republicans controlled both Houses.
From 2007 to 2009, Democrats controlled both Houses.
If your measure of responsibility is who controlled the branches of government, this recession was clearly a Republican-made disaster, considering that the housing downturn began in mid-2006.
The article talks about the delay because the Fed wants to do more stringent industry review starting next year. Does anyone know what this more stringent review is about? Is it the Life industry or the entire insurance industry? Does it have anything to do with the new European solvency standards which may become the norm world wide? Is this stringent review something else entirely?
I agree with the Fed. Nobody knows business better than our Federal Government!
After all, the government got it right with Social Security being fully funded, right? Oh, oops! Well, at least the government got it right when the ensured the promises made to medicare recipients were honored, right? Oh, you mean Obama already cut $500 BILLION from the program, as it has been badly mis-managed? Oh, oops! Well, at least the government is in the black for the time being, making sure they have enough cash on-hand to fund its general operations, right? Oh, you mean to say the feds are again running a record deficit, bringing our total debt to nearly $15 TRILLION? Oh, oops!
I find it laughable the government is sticking its ugly, incompetent head into Metlife’s business. After all, it wasn’t Metlife who required banks to make bad loans. It wasn’t Metlife who allowed banks to then securitize the bad loans the feds required them to make. And, if I recall correctly, it wasn’t Metlife who got Freddie and Fannie to buy up all the bad loans (that was Harold Raines, Jamie Gorelick, Barney Frank, and Chris Dodd) avaiable, allowing Freddie/Fannie/Wall Street to fill Democrat Party coffers with campaign cash, making Raines and Gorelick hundreds of lillions of dollars in the process, all the while leaving taxpayers onteh hook for the “loans”.
What we need isn’t more bank regulations. Rather, we need the federal government’s ability to destroy America, the economy, the job market, and every person’s finances across the globe, all to buy votes (and make money) for the Democrat Party, brought to heel. This is not the people’s government. Rather it has merely become an ATM for all the greedy Democrat Party interests (greedy fed employees, greedy unions, greedy state employees, greedy union bosses, greedy trial lawyers, and greedy party apparatchiks).
Time for those with common sense to “stand athwart history and say ‘STOP!’ “
Funny how when our homeland is attacked and our economy tanks under Republican rule, it’s the out-of-power Democrats who are at fault. Then, when the Republicans are out of power, every problem is laid at the feet of the Democrats in power.
Face it. Republicans cut taxes and launched two wars. Then they didn’t have the intestinal fortitude to cut spending or pass a Balanced Budget Amendment when they had the chance. That represents the overwhelming majority of our debt. You’re hopelessly naive if you think the Republican party and its special interest supporters are any less greedy than anybody else.
I’m sure it makes you feel better to blame the “Democrat Party” (which, BTW, only makes you look ignorant when you can’t even get the name right) for all the evil in the world, but you’re contributing nothing to the debate.
Wow Speedo, That is 1 min of my life you wasted that I will never get back. I feel for you!!
Except the Dems controlled both Houses for much of that time….so they did play a major role.
During the 8 years Bush was president (the time period during which we were attacked and the recession occurred):
From 2001 – 2003, Democrats controlled the Senate, Republicans the House.
From 2003 to 2007, Republicans controlled both Houses.
From 2007 to 2009, Democrats controlled both Houses.
If your measure of responsibility is who controlled the branches of government, this recession was clearly a Republican-made disaster, considering that the housing downturn began in mid-2006.
The article talks about the delay because the Fed wants to do more stringent industry review starting next year. Does anyone know what this more stringent review is about? Is it the Life industry or the entire insurance industry? Does it have anything to do with the new European solvency standards which may become the norm world wide? Is this stringent review something else entirely?
Because the holding company owns a bank it is subject to federal oversight, which the article says.