Deputy Treasurer Nominee Says Bank Regulations Not Right for Insurers

By | November 20, 2013

  • November 20, 2013 at 4:48 pm
    LiveFree says:
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    This is hilarious. Like these huge insurance companies don’t want to be able to keep almost nothing in reserves and be bailed out by the government if investments don’t pan out. Bank Regulations allow for fractional reserve banking so they are all inherently insolvent because they only have to keep a tiny fraction of customers cash as reserves and yet are deemed “systematically important” so they will never lose money, all at tax payers expense. Those are the terrible (sarcasm) regulations that are put on the banks by the federal reserve. And yet this article is making it seems like being allowed to spend all but 10% of incoming cash and having the federal government bail out poor investment decisions or a run on claims/bank accounts is a burden for these big companies. Raskin is just another clueless fed.

  • November 21, 2013 at 6:40 am
    stupid here says:
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    Why don’t we just separate insurance from banking like we used to? The Feds can butt out and states can continue to regulate insurers?



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