Quote:
Originally Posted by legion
Oh and....
One thing you will notice is that some insurers won't be asking for bailouts. Some did the proper thing and kept very conservative investments that aren't as likely to wildly fluctuate.
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Indeed.
And all the while competing against the likes of AIG with their funny money investments.
My company fought long and hard to earn an A+ rating. But AIG is now backed by Uncle Sam. How do you compete with that?
Private profit and public risk? Something is very, very wrong with what is going on.