There is no such things as ‘too big to fail’. It is a rule created by socialist politicians to exert greater control over private enterprises. If the review finds MetLife is correct in their stance, the ruling should be applied to AIG and Pru.
To those who claim financial systems will collapse if AIG, Pru, or MetLife fail, I ask: ‘Why won’t the financial system collapse if two or three smaller size (PHS) insurers / financial institutions fail simultaneously?’ Doesn’t our federal regulatory agencies understand accumulation of exposure?
There is no such things as ‘too big to fail’. It is a rule created by socialist politicians to exert greater control over private enterprises. If the review finds MetLife is correct in their stance, the ruling should be applied to AIG and Pru.
To those who claim financial systems will collapse if AIG, Pru, or MetLife fail, I ask: ‘Why won’t the financial system collapse if two or three smaller size (PHS) insurers / financial institutions fail simultaneously?’ Doesn’t our federal regulatory agencies understand accumulation of exposure?
‘Don’t’ not ‘doesn’t’. I changed my thought process mid-sentence. bear culpa.