Barry and the ‘RATS just “spreading” OUR wealth around among the insurance companies. What a deal.
ooops....I mis-edited the title....there were too many characters.....but the point is that this article explains McConnell/McCain/Graham/US Chamber or Commerce/Wall Street’s motivations to throw the middle class and small business out the window.......the big money talks here, in the form of the insurance companies.
“Too big to fail” is in no way a justification for a bailout. If an entity (bank, insurance company, manufacturer, retail outlet or whatever) is “too big to fail”, the commercial operations of the financial world will be brought to bear. If THEY cannot make a determination that the enterprise is so hopelessly flawed it cannot be redeemed without a massive infusion of cash, those who have access to the coffers of the Federal (or “Feral”) government certainly do not have the expertise to make a judgment call.
Almost all those corporations and banking institutions that were given the “bailout” in 2008, and at various intervals between, would have passed through the reorganization they so desperately needed (and perhaps still need), and would have emerged a cleaner and leaner organization than when they went into bankruptcy proceedings. It is like putting a morbidly obese patient with impending heart failure, a cerebral stroke, diabetes, and spinal meningitis simultaneously on life support, and taking no corrective action at all. The entity becomes a zombie and the inevitable is only delayed.