Comments about ‘Is the insurance industry next?’

If the government is being expected to bailout all busineses that have been operating on falsified income and assets and socialize it all they why don't we just call America a socialist country? People want it and expect it now and it would save us a lot of time and financial problems if we just declare socialism as our government. People expect government to pay for health care and insurance and give them money to buy food, pay the rent, utilities, and give them transportation so what is left of free enterprize and self sufficiency? Why should insurance be any different to suffer economically as the people do? Lets juts declare socialism and be done with it. Everyones happy, the CEO's are happy, and we can all blame government if something goes wrong with the economy. Recovery is the responsibilty of every business and individual, even if it means many suffer losses and poverty. The financial system of banks, busineses, and the people is broken and causing it all. Rebuild and change the system will aid the recovery. Pres Roosevelt did but everything he did for sound economic growth and security has been overturned and the rest is history.

Isn't it amazing what the dems have been able to do in less than 2 years?

To "Bob G | 6:18 a.m." Obama should change is slogan to "Socialism, change you can believe in!"

Insurance is nothing more than legal extortion, they bet on nothing is going to happen to you, and, "in fear of loss" you bet on maybe it will or could be. Extortion, outwresting, or exaction is a criminal offense, which occurs, when a person unlawfully obtains either money, property or services from a person, entity, or institution, through coercion. Refraining from doing harm is sometimes euphemistically called protection. Extortion is commonly practiced by organized crime groups. The actual obtainment of money or property is not required to commit the offense. The term extortion is often used metaphorically to refer to usury or to price-gouging, though neither is legally considered extortion. It is also often used loosely to refer to everyday situations where one person feels indebted against their will, to another, in order to receive an essential service or avoid legal consequences. For example, certain lawsuits, fees for services such as banking, automobile insurance, gasoline prices, and even taxation, have all been labeled "legalized extortion" by people with various social or political beliefs. Let's hope they shut them all down, and they to go belly-up. They wash dirty monies through these companies. McCain & Sarah 2008 will fix it.