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To: KyrosL who wrote (29454)2/14/2008 3:03:18 PM
From: Elroy Jetson  Read Replies (1) | Respond to of 218679
 
Absolutely. It's very easy. Each insurance line is a separate subsidiary.

Regulators have the power to void and prohibit the transfer of funds from solvent subsidiaries to bail out an insolvent parent or sister companies, when these transfers could damage the interests of the insured.

This has occurred frequently with life insurance firms, such as when Conseco filed for bankruptcy. The Conseco insurance subsidiaries were prohibited from bailing out the parent corp.
.



To: KyrosL who wrote (29454)2/14/2008 6:32:05 PM
From: TobagoJack  Read Replies (1) | Respond to of 218679
 
the officialdom, i suppose, must separate what is absolutely vital from the almost but not quite as important

the municipalities must be saved even if the corporates cannot be

however, imo, the lung is as important as the heart, and on par with the brain

separating out the municipals will sentence the rest of the wastrels to the end game, and

leave the municipals to die another day

none will escape the bankruptcies and the printing of fiat money

that is the natural law, on par with same for physics and chemistry and quantum mechanics

just mathematics