Hank should win this case. Witch-hunting should not be rewarded. And banks or other financial institutions that paid dearly for their mistakes (which I do agree they should), should not be hit time-and-time again by this or any government.
BTW When will people who signed mortgages believing it was a good deal (although they should have looked into the “when it is too good to be true, perhaps it isn’t true) be hit time-and-time again? You know, that rascally value of individual responsibility (which along with individual liberty and individual freedom are the basis of this country’s foundation.
I think this article would be more accurate if properly delineated the difference between AIG’s operations as a financial institution and its insurance operations. It was the financial operations that were at risk of collapsing and not its insurance operations, which were sound and covered by adequate reserves as required by state regulation. This was another in the federal government’s long line of regulatory failures and not the states’, something to keep in mind when the feds try to take over the regulation of insurance from the states.
Hank should win this case. Witch-hunting should not be rewarded. And banks or other financial institutions that paid dearly for their mistakes (which I do agree they should), should not be hit time-and-time again by this or any government.
BTW When will people who signed mortgages believing it was a good deal (although they should have looked into the “when it is too good to be true, perhaps it isn’t true) be hit time-and-time again? You know, that rascally value of individual responsibility (which along with individual liberty and individual freedom are the basis of this country’s foundation.
Funny NOT how the central witness in the trial wasn’t called.
The central witness would be CA governor candidate Neel Kashkari, BTW Neel was a veep at Goldman Sachs before his fed appointment gig.
I think this article would be more accurate if properly delineated the difference between AIG’s operations as a financial institution and its insurance operations. It was the financial operations that were at risk of collapsing and not its insurance operations, which were sound and covered by adequate reserves as required by state regulation. This was another in the federal government’s long line of regulatory failures and not the states’, something to keep in mind when the feds try to take over the regulation of insurance from the states.