There was, several years ago, an event
which happened. This event all but deicimated the automotive
industry in Detroit. I said “all but” because one company, Ford,
decided to put their financial house in order by doing what all sane
companies do and they went bankrupt. This allowed them to get their
legacy costs in order. The other side of the coin is what happened
with Chrysler, Plymouth, Chevy, and Dodge. They went to the
government for a bailout.
I think that we may be headed this way
in terms of the inurance companies and Obamacare.
There will be a lot of smaller
insurance companies with will ask the government, whoever will be
running it, for a bailout because of the faulty law which is
Obamacare.
If you asked me to put a percentage on
whether or not there will be a bailout for the insurance companites,
I would put the percentage at forty-five.
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