No World Borders editorial comment: We should remember what got us to the point of having Wall Street executives being micromanged - a lack of financial transparency required the ARRA and the TARP. And when the government ended up with the majority ownership in AIG it became the shareholder to which the board and CEO [...]
Most insurers claim they continue to focus on important health care reform issues, but also claim that some members of Congress and The White House appear unwilling to stop or even slow the political attacks against insurers.
House Financial Services Chairman Barney Frank (D-Mass) Says U.S. May Consider Setting Up Agency to Buy Bad Debt Bloomberg (09/16/08); Rowley, James Some investors, including Bill Gross, co-chief investment officer of Newport Beach, California-based Pacific Investment Management Co., are calling for the government to play a bigger role in resolving the credit crunch. Worldwide, financial [...]