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Bush Moves Towards Nationalizing the Insurance Business

Discussion in 'Political Debate & Discussion' started by JustChristian, Sep 16, 2008.

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  1. Baptist in Richmond

    Baptist in Richmond Active Member

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    No, you are wrong on this point. Nobody is talking about protecting the investors. In all likelihood, they have lost their investment in common stock.

    Do you really think that the states can handle the burden of assuming the policys of AIG? Many states are cutting programs due to lower tax revenues. Where in the world are the states going to find the money to make these policyholders whole?

    I don't think you understand the shock wave that would result from letting AIG fail. Do you know how large AIG is (or was)?

    An honest question,
    BiR
     
    #61 Baptist in Richmond, Sep 29, 2008
  2. Bro. Curtis

    Bro. Curtis <img src =/curtis.gif>
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    Considering it's where Al Gores global warming slush fund goes.....maybe that's why the dems don't want it to fail.
     
    #62 Bro. Curtis, Sep 29, 2008
  3. Baptist in Richmond

    Baptist in Richmond Active Member

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    #63 Baptist in Richmond, Sep 29, 2008
  4. Bro. Curtis

    Bro. Curtis <img src =/curtis.gif>
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    You are right. I had the wrong ill-run bank failure.
     
    #64 Bro. Curtis, Sep 29, 2008
  5. Baptist in Richmond

    Baptist in Richmond Active Member

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    You do realize that they let Lehman Brothers fail, don't you?
     
    #65 Baptist in Richmond, Sep 29, 2008
  6. JustChristian

    JustChristian New Member

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    The Dems aren't running this catastrophe. The Republicans are running the show. Who do you think Paulson is working for? George W Bush.
     
    #66 JustChristian, Sep 29, 2008
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