Federal oversight of the insurance industry

Created by Chet Gladkowski 15 Apr 2014 @ 05:28
Tags » None

The toothless and feckless federal government is looking for another intrusion into an industry that effectively serves the public interest in a financially responsible manner. While the federal government has been asleep at the switch during the housing and stock market debacles, the insurance industry percolates along, bringing safe and secure to the insurance buying marketplace.

 

Read and comment on this insightful opinion on why having the federal government provide oversight to the insurance industry is inappropriate, if not plain ludicrous.

http://online.wsj.com/news/article_email/SB10001424052702304418404579462...

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Anyone have any good historical examples of a federal bureaucracy adding any value through oversight??
More federal oversight is never a good thing
Exactly what problem do they think they are trying to fix??