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-   Finances (http://www.cougarguard.com/forum/forumdisplay.php?f=27)
-   -   Looks like AIG may be going bankrupt...... (http://www.cougarguard.com/forum/showthread.php?t=22560)

MikeWaters 09-17-2008 02:53 AM
Quote:
Originally Posted by Indy Coug (Post 266306)
I take this as an admission of complete defeat and complete ignorance.

Indy Coug 09-17-2008 02:54 AM
Quote:
Originally Posted by MikeWaters (Post 266307)
I take this as an admission of complete defeat and complete ignorance.
Stick to pop psychology, Mike.

MikeWaters 09-17-2008 03:00 AM
Quote:
Originally Posted by Indy Coug (Post 266308)
Stick to pop psychology, Mike.
Seems like being in the insurance business you ought to know what you are talking about. Shameful how you alleged people would lose their insurance coverage, and now that I have called you out, you have backed down.

Indy Coug 09-17-2008 03:05 AM
Quote:
Originally Posted by MikeWaters (Post 266311)
Seems like being in the insurance business you ought to know what you are talking about. Shameful how you alleged people would lose their insurance coverage, and now that I have called you out, you have backed down.
People don't lose their insurance coverage because the government, by statute, will step in; which I stated in my original post. The whole argument here is that pre-emptive action is less costly than trying to pick up the pieces after the explosion.

MikeWaters 09-17-2008 03:05 AM
Quote:
Originally Posted by Indy Coug (Post 266315)
People don't lose their insurance coverage because the government, by statute, will step in; which I stated in my original post. The whole argument here is that pre-emptive action is less costly than trying to pick up the pieces after the explosion.
<sigh>. BYU71, please talk some sense to him.

Indy Coug 09-17-2008 03:08 AM
Quote:
Originally Posted by MikeWaters (Post 266316)
<sigh>. BYU71, please talk some sense to him.
Translation: I have no clue what I'm talking about and so as an act of desperation, I'm hoping that BYU71 will agree with me.

MikeWaters 09-17-2008 03:12 AM
Quote:
Originally Posted by Indy Coug (Post 266318)
Translation: I have no clue what I'm talking about and so as an act of desperation, I'm hoping that BYU71 will agree with me.
BYU71 has already addressed this point. I figured he needed to repeat it.

creekster 09-17-2008 03:58 AM
Quote:
Originally Posted by Indy Coug (Post 266315)
People don't lose their insurance coverage because the government, by statute, will step in; which I stated in my original post. The whole argument here is that pre-emptive action is less costly than trying to pick up the pieces after the explosion.

What statute are you talking about?

il Padrino Ute 09-17-2008 04:05 AM
Quote:
Originally Posted by creekster (Post 266342)
What statute are you talking about?
The Statute of Liberty (Mutual).

I know. Really bad. But I'm tired and my brain...

Let's just say I'm tired and leave it at that.

Indy Coug 09-17-2008 04:22 AM
Quote:
Originally Posted by creekster (Post 266342)
What statute are you talking about?
The NAIC crafts model regulations which in turn are adopted by most states in some adapted form.

http://www.cato.org/pubs/regulation/reg14n2d.html

http://info.worldbank.org/etools/doc...insolvency.ppt


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