Socialized Life Insurance
U.S. Mulls Widening Bailout to Insurers – WSJ.com
Go figure… life insurance companies made bad investments, and now want in on the bailout too… but they also do not want to fess up to their precarious financial position, and thus want govt to socialize the whole industry so as not to give competitive advantage to well run firms.
Its pretty screwey, many folks are against socialized medicine, and yet we have big insurance firms that want to be socialized, at least in the less lucrative arena’s it seems.
About the only thing we can probably figure on, is that Joe sixpack and mainstreet are not going to get bailed out, and likely a vast portion of the F1000 will, either through overt socialization through the bailout program, or exceedingly favorable tax or other corporate welfare schemes. What on earth ever happened to antitrust laws such that no entity would ever be too big to fail.
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If Obama gets elected our entire country is going to become socialist. Scary if you ask me.
Comment by Plumber Camarillo — October 28, 2008 @ 12:01 pm
This proved to be very right, nice to have come across this article! Bookmarking you, will sure be back again, thanks:-)
Comment by Best term — February 27, 2009 @ 12:28 am
Hey there, I don't get it, what's so wrong about it? whatever it is, I am an Obama Maniac!
Comment by Insurance — March 7, 2009 @ 12:00 am
Life insurance companies are never required by law to underwrite or to provide coverage to anyone, with the exception of Civil Rights Act compliance requirements. Insurance companies alone determine insurability, and some people, for their own health or lifestyle reasons, are deemed uninsurable. The policy can be declined (turned down) or rated.[citation needed] Rating increases the premiums to provide for additional risks relative to the particular insured.
Comment by Life Assurance — May 19, 2009 @ 2:45 am
what's so wrong about it? whatever it is, I am an Obama Maniac!
Comment by club penguin ninja cards — August 6, 2009 @ 4:17 am
what's so wrong about it? whatever it is, I am an Obama Maniac!
Comment by club penguin ninja cards — August 6, 2009 @ 8:17 am