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I'm your next door neighbor with serious concerns about our America. Most people have been silent about things that matter because they do not have the facts. This blog's mission is to educate you about the issues that impact your financial security, your health and your values. In the words of Dr. Martin Luther King, "Our lives begin to end, the day we become silent about things that matter". Speak the truth. Be empowered and stand on the facts. Rise in righteous indignation and together we can effect the change to take back America.

Saturday, October 4, 2008

Insurance stocks tumbled, why?

To err is human.. all right but on an issue that is market sensitive, we expect our leaders to think twice before offering a statement especially in the absence of factual information.

Unreal and scary that we have elected officials who legislate on important issues they do not know much about. Another example of why our government system is broken.

People I know on Main Street lost money because Sen. Reid mis-spoke. He retracted his statement but the damage is done. It is beyond repair. The bill is coming your way.

By the way, just in case your staff has not told you, insurance companies cannot operate without the required cash reserves to protect their policy and contract holders. With due respect, it was totally irresponsible of you to talk about a well known insurance company going bankrupt and it is not.

http://riyah6.blogspot.com

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