bankrupted AIG, GM, Lehman Bros? Bear Stearns, Chrysler, etc. And nearly bankrupted Citibank, Bank of America, Wells Fargo, Merrill Lynch, Chase, etc.
Can we really trust these guys if everytime they get in trouble, they run to Uncle Sam for a bailout?
In the 1989 SF earthquake, the 1995 Northridge earthquake and the 2005 Hurricane Katrina, nearly every major insurer went hat-in-hand to Uncle Sam for help paying out claims.
If it is a pool, why are they not self-sufficient? Could it be that they waste money on skyscrapers in NYC and Chicago?
