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One Response to “Just because you can do something — and even do it well — does not mean you necessarily should.”
Our premiums are higher because Insurance Companies gambled on the stock market, over leveraged themselves, and lost (SunLife, Manulife, AIG were all on the hook for hundreds of millions in bad credit swaps). Now we, the customer, will make back those losses for them in the form of premiums, and tax-payer funded bailouts.
May 9th, 2010 at 10:55 am
Our premiums are higher because Insurance Companies gambled on the stock market, over leveraged themselves, and lost (SunLife, Manulife, AIG were all on the hook for hundreds of millions in bad credit swaps). Now we, the customer, will make back those losses for them in the form of premiums, and tax-payer funded bailouts.