If banks are in the insurance business, they have to know that banking deposits will not ... in any way, shape or form ... be mixed with other commercial enterprises being run by the bank. |
The fire walls have to hold. The problem we have there is that in the event of a financial catastrophe, fire walls often melt. |
We believe every agent, no matter who they're employed by, should be licensed. We believe products should be regulated by function, and insurance, being a state regulated product, should be regulated at the state level. |