Watch out for jewish lightning on these homeowner policies with this economy and real estate market it is a wonder you dont see a glow over cape coral.
While the Chinks who manufactured this crap are the primary targets of anger, let’s not forget about the unscrupoulous people here in the USA who bought this crapa and approved it for use in home construction. There should be a warranty of merchantability that the product is fit for its intended use. OK, the Chinks blew it and good luck trying to get restitution from them. Go after the US suppiers, contractors, and building inspectors who should have protected their American customers. And why did they have to go offshore to get drywall? That crap is heavy and must cost a fortune to ship. American drywall worked just fine for decades.
Homeowner insurance companies are correct not to cover this. HO policies don’t underwrite products. This is a products liability situation and the Chinks insurance company should respond. Why isn’t anyone looking at that angle?
Go after the US suppliers, contractors, falls under the product liability rule and I agree.
To answer your last question, China’s insurance company is the government
They will assert the Sovereign Immunity Act and allege one cannot sue us unless we give permission and China’s government isn’t going to give permission to be sued. The US alleges the same Immunity in allowing products to enter the US. We cannot sue the U.S. government for illegal drugs coming into the US. It is better for the homeowners to stay with the supplier’s insurance carrier because China has none that I am aware of.
Well Teresa which way is it? You say “Go after the US suppiers, contractors, and building inspectors who should have protected their American customers” and then state “This is a products liability situation and the Chinks insurance company should respond”. Yes, you’ve covered every angle but I don’t think you really understand the situation. American dywall has worked just fine but during the building boom it wasn’t available. It wasn’t an issue of cost. Interestingly, I believe the defective Chinese drywall has been traced back to one specific mine in China. This is where we need our Gov’t to step up and put pressure on the Chinese. China doesn’t care. They live in polluted cities and have no regard for safety or their environment. Their products are not cheap just becuase of cheap labor but also because they produce products without any regard for environmental consequences.
What bonds!!!! We owe china. China does not care about posting a U.S. bond with the US. They make more money saling defective products to the U.S. Posting a bond, if that is what you are referring to, has no affect on china’s continue faulty products. Remember The Government is immune to lawsuits. China and the US
You jumped the gun. I wasn’t talking about a surety bond to cover any of this mess. Simply put: China’s government holds more US debt (US govt bonds) than any other entity on the planet.
You’re right, we owe China their principal and interest back ON THOSE BONDS. That’s IF we honor our commitment. That’s what I’m pointing to as our only leverage. Let’s keep their bond principal and interest to fund the losses if they want to claim immunity from their gross product liability.
Will it anger China? Yes. Will it damage our credit worthiness in the Chinese govt eyes? Probably, but it would teach them they have to grow a conscience if they want to reap rewards of access to our market.
I am offended that “professionals” would stoop to using words that denigrate Chinese and Jewish people. This is really disgusting, and I think the Insurance Journal needs to do a better job of policing such comments and removing them.
I agree, but is there something in your background that triggers such words to be disgusting, or do you feel such words promote hatred and the people who write such words are promoting hatred amongst other readings.
I am just curious on the way people really think.
Santos
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Watch out for jewish lightning on these homeowner policies with this economy and real estate market it is a wonder you dont see a glow over cape coral.
Our only financial leverage: The Govt Bonds which the Chi-Coms hold record amounts of.
Why devour our own when the table is set right under our very noses?
If China is not willing to play ‘fair’ by sending us their toxic products, then take the damages out of their US bond earnings.
While the Chinks who manufactured this crap are the primary targets of anger, let’s not forget about the unscrupoulous people here in the USA who bought this crapa and approved it for use in home construction. There should be a warranty of merchantability that the product is fit for its intended use. OK, the Chinks blew it and good luck trying to get restitution from them. Go after the US suppiers, contractors, and building inspectors who should have protected their American customers. And why did they have to go offshore to get drywall? That crap is heavy and must cost a fortune to ship. American drywall worked just fine for decades.
Homeowner insurance companies are correct not to cover this. HO policies don’t underwrite products. This is a products liability situation and the Chinks insurance company should respond. Why isn’t anyone looking at that angle?
Go after the US suppliers, contractors, falls under the product liability rule and I agree.
To answer your last question, China’s insurance company is the government
They will assert the Sovereign Immunity Act and allege one cannot sue us unless we give permission and China’s government isn’t going to give permission to be sued. The US alleges the same Immunity in allowing products to enter the US. We cannot sue the U.S. government for illegal drugs coming into the US. It is better for the homeowners to stay with the supplier’s insurance carrier because China has none that I am aware of.
Well Teresa which way is it? You say “Go after the US suppiers, contractors, and building inspectors who should have protected their American customers” and then state “This is a products liability situation and the Chinks insurance company should respond”. Yes, you’ve covered every angle but I don’t think you really understand the situation. American dywall has worked just fine but during the building boom it wasn’t available. It wasn’t an issue of cost. Interestingly, I believe the defective Chinese drywall has been traced back to one specific mine in China. This is where we need our Gov’t to step up and put pressure on the Chinese. China doesn’t care. They live in polluted cities and have no regard for safety or their environment. Their products are not cheap just becuase of cheap labor but also because they produce products without any regard for environmental consequences.
What bonds!!!! We owe china. China does not care about posting a U.S. bond with the US. They make more money saling defective products to the U.S. Posting a bond, if that is what you are referring to, has no affect on china’s continue faulty products. Remember The Government is immune to lawsuits. China and the US
You jumped the gun. I wasn’t talking about a surety bond to cover any of this mess. Simply put: China’s government holds more US debt (US govt bonds) than any other entity on the planet.
You’re right, we owe China their principal and interest back ON THOSE BONDS. That’s IF we honor our commitment. That’s what I’m pointing to as our only leverage. Let’s keep their bond principal and interest to fund the losses if they want to claim immunity from their gross product liability.
Will it anger China? Yes. Will it damage our credit worthiness in the Chinese govt eyes? Probably, but it would teach them they have to grow a conscience if they want to reap rewards of access to our market.
I am offended that “professionals” would stoop to using words that denigrate Chinese and Jewish people. This is really disgusting, and I think the Insurance Journal needs to do a better job of policing such comments and removing them.
M. Teresa, I’m calling you out. Leave your racist slurs out of this forumn. Go to FoxNews.com if you want to use this language.
I agree, but is there something in your background that triggers such words to be disgusting, or do you feel such words promote hatred and the people who write such words are promoting hatred amongst other readings.
I am just curious on the way people really think.
Santos