This could easily fit under CABO's "Obama and one world government" but since it is specific to insurance I felt it belonged in its own thread.

I would be interested in some of our resident "experts" on this stuff but it seems to me that the take over by the federal government continues unabated and frankly it is being done quietly and sort of in a sneaky manner with the fine print all over the place.

This has to do with the insurance industry...

"President Barack Obama’s plan to create a U.S. insurance office after the $182.5 billion bailout of American International Group Inc. may take powers from the states that have overseen the industry for more than 135 years. "

"Obama called for the creation of a federal Office of National Insurance within the Treasury Department to monitor the industry, represent U.S. interests in international insurance agreements, and look for gaps in state oversight. The proposal was announced this week as part of Obama’s planned overhaul of the U.S. financial regulatory system."

http://www.bloomberg.com/apps/news?p...d=apCXAt_EyyMg