Industry Lines Up ‘Pro and Con’ on Bush Plan for Federal Insurance Regulator

March 31, 2008

  • March 31, 2008 at 7:22 am
    Ever vigilant says:
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    Don’t forget all the money at the State level? Does anyone believe the State-boys will relinquish their “insurance toll gates”? Or, the authority to “waive the Big Boys” through the toll gates, when greased with enough lobbyist cash?

  • March 31, 2008 at 7:50 am
    Frustrated says:
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    You are absolutely right, but remember the Federal Reserve is not a government agency. It is a cartel of super rich private bankers who have managed to weasel their way into controling a very large segment of our financial industry. It now appears that George and the rest of the sellouts in Congress are primed to give the rest of the bird to their fat cat financiers, and the American Taxpayers will be left with the scraps and the bill for their excessive greed.

    I hope no one believes that the subprime mess and the resulting power grab by the Feds is coincidental.

  • March 31, 2008 at 2:27 am
    Julie says:
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    I believe with some companies under state and some under federal would cause confusion for insurers and insureds alike. Isn’t there a better solution?

  • March 31, 2008 at 2:31 am
    as in optional, was good says:
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    The major opponents of an OPTIONAL federal charter are the state bureaucrats who will lose some of their power base. Apparently CHOICE is good except when some elitist powers will be removed.

  • March 31, 2008 at 2:35 am
    JIM says:
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    What can Bish do but caiuse more confusion we have enough going on bring our boys home first

  • March 31, 2008 at 2:38 am
    Brian Spector says:
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    This is a good thing for the industry despite the push back from the individual states who will loose power and $$$. Great story Insurnace Journal.

  • March 31, 2008 at 2:41 am
    Less Government says:
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    Thought the republicans wanted less government? Guess its only when it effects their own pocketbooks.. how interesting.

  • March 31, 2008 at 2:44 am
    anon the mouse says:
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    Where does this chuckle headed bumpkin get off, apparently he grew up with a back yard full of rakes that he kept stepping on resulting in chronic cerebral disfunction. Leave the insurance business up to the states, they have localized insurance departments/ombudsmen who have chartered responsibilities in this area, not to mention a lot more experience than a papa smurf type individual could ever hope to acquire. For god’s sake Jethro, shut up and get out of the white house before you decide to paint it RED.

  • March 31, 2008 at 2:48 am
    Scott says:
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    Pitiful Jim. Get you head out of IRAQ. Back to the appropriate subject…Personally I don’t like the idea of ceding power to federal authority. I fear that the optional portion of this proposal will soon enough become mandatory.

  • March 31, 2008 at 2:51 am
    Nervous says:
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    Bush is trying to generate a legacy for himself other than 9/11, 4,000+ soldiers dead, a wrecked economy, over-inflated fuel prices, corruption, silent back-door dealings, and so on.

    The one way to stop this travesty is to contact your Senators when the time comes to defeat this crap.

    I am a 46 YO white Anglo-Saxon male. I am on the TSA watch list because I have a common name. I receive a shakedown every time I fly. Do not let the insurance industry receive the same treatment.



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