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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (20317)	10/20/2004 9:00:08 AM
From: loantech	Respond to of 110194

I love it. Down with freeloading lending. No requirements just back the truck up to get your free money for inflated housing! LOL.

To: ild who wrote (20317)	10/20/2004 9:33:22 AM
From: ild	Respond to of 110194

Class-Action Threat Added to Challenges Facing the Insurers By THEO FRANCIS and VANESSA FUHRMANS Staff Reporters of THE WALL STREET JOURNAL October 20, 2004; Page C1 The insurance probe started by New York Attorney General Eliot Spitzer into kickbacks and other improper incentives in the insurance industry is widening into other states and moving toward the employee-benefits arena. Stocks of companies providing health insurance and other employee benefits were hit hard Tuesday. In California, insurance regulators are hiring San Diego class-action law firm Lerach Coughlin Stoia Geller Rudman & Robbins LLP, home of high-profile trial lawyer William Lerach. The firm is expected to lead a legal fight against insurance brokers and insurers who the firm may accuse of cheating workers and other consumers by placing insurance and other benefits packages in the hands of insurers paying the biggest commissions, not providing the best prices and terms, a person close to the matter said. The potential alleged victims include individual employees, who typically pay some or all of the cost of benefits sponsored by their employers. That would contrast with the picture so far painted by Mr. Spitzer, of insurance brokers cheating corporations as they bought sophisticated liability-insurance packages. Mr. Spitzer, too, has indicated that the employee-benefits sector is a coming front. more... online.wsj.com