Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Earlie who wrote (206916)	11/26/2002 4:12:25 PM
From: mishedlo	Read Replies (4) of 436258

Look at this shit. Bush bails out reinsurance comapnies. Buffett must have donated mightily. Bush OKs Shield Against Terrorism Claims Under the bill, the government wouldn't step in on any claims less than $5 million. Insurance companies would pay a deductible in 2003 equal to 7 percent of the premiums they received the previous year. The deductible would rise to 10 percent in 2004 and 15 percent in 2005. The federal government would then cover 90 percent of everything above the deductible with insurance companies paying the other 10 percent. apnews.excite.com Isn't that nice? The taxpayers (us) protect Warren Buffett from large losses. (Buffett has been one of the spearheads of this legislation)

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