Looks like Life Insurance companies got their collection cups out now -- should we bail them out too?

fuzball answered 9 months ago …

Insurance companies have for many years made BILLIONS of bucks from their policy holders and are among the largest investors on the planet. I'm very sure much of those investments are in those mysterious derivitives and such other toxic investments that have brought down some of the biggest financial institutions in the world, such investments the public knows little about, and which they are suspiciously quiet about. Yes, they will have their hands out, because they will need it to remain solvent. This mess we face is much bigger than we've been led to believe. The "doomsayers" may have it right this time. And, should they be bailed out? I say NO! Let the cards fall where they may and let nature take it's course, as should have been done with the criminal banks that are still asking for more and more money from us on top of the BILLIONS already given.
The White House, Congress and the Fed money managers are in abject denial of the mess we're in. That is the public face they exhibit daily. But, they DO know how really bad it is and are in a panic mode to find a solution no matter what the cost - the citizen sheep will pay for it.