Insurance Company Bailout List
As a non bank aig could dive into the world of swaps long term options and other risky financial ventures without being subject to bank regulation.
Insurance company bailout list. According to the list from aig s press release many of the largest. The impact to individuals or businesses has been addressed by insurance reinsurance and various governments. Filed under bailouts health insurance obamacare 1 27 14. Law on october 3 2008 of the 700 billion financial sector rescue plan was the latest in the long history of u s.
Here is how this feature works. Six life insurance companies have qualified to receive billions of dollars in bailout money under the government s troubled asset relief program according to the u s. Government bailout or catastrophe insurance. It was an insurance company.
Government bailouts that go back to the panic of 1792. To help prepare for your financial future you purchased an annuity from great american life insurance company. For each entity we provide a net outstanding amount which shows how deep taxpayers are in the hole after accounting for any revenue the government has received usually through. The passage into u s.
This annuity has a bailout feature. Our database accounts for both the broader 700 billion bill and the separate bailout of fannie mae and freddie mac. History reveals a continuous string of catastrophes. We re tracking where taxpayer money has gone in the ongoing bailout of the financial system.
Their involvement with credit default swaps was what would lead to aig s 2008 crisis the aig bailout. The bailout keeps obamacare on life support at taxpayers expense while the free market expires and the rule of law disappears. 1033 x 1033 pixels 65589 bytes obamacareâ s insurance company bailout. Earthquakes floods tsunamis volcanoes and terrorist events.
And weren t credit default swaps just another form of insurance. Your annuity contract includes a cap for each of its indexed strategies. Regardless of whether citizens had the opportunity to purchase insurance.
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