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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (423752)	10/8/2008 1:38:15 PM
From: Brumar89	Read Replies (2) \| Respond to of 1586121

No insurance company has the assets to back all the insurance they write. Just a point to be made about the nature of insurance. Insurance of things like homes is regulated because voters want the government to hold down insurance rates. But even regulated home insurers don't assets sufficient to cover all the insurance they have outstanding.

To: Road Walker who wrote (423752)	10/8/2008 1:38:29 PM
From: Brumar89	Respond to of 1586121

No insurance company has the assets to back all the insurance they write. Just a point to be made about the nature of insurance. Insurance of things like homes is regulated because voters want the government to hold down insurance rates. But even regulated home insurers don't assets sufficient to cover all the insurance they have outstanding.

To: Road Walker who wrote (423752)	10/16/2008 3:06:15 PM
From: TimF	Read Replies (2) \| Respond to of 1586121

Credit Default Swaps where used in problematic ways but for the most part they where not "phony insurance". And any possible additional regulation of them would be only a small part of the total of all regulation. If a billion things could be regulated and we regulate half of them, then failing to regulate one to any significant degree, while we add 80,000 new regulations, doesn't amount to "deregulation" or "unregulation". Beyond that a lot of the regulation we did add contributed to the problem.