28 November 2007

Clinton Proposes SEC Type Regulation of Insurance Companies

This is a most excellent proposal.

It's not unreasonable...After all, insurance is a complex financial instrument, and frequently sold as an investment vehicle.

More realistically, it's a shot across the bow. If the SEC, or an SEC clone, looked into the way insurance companies did business, the good hands would be in cuffs, doing the perp walk.


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