This is a follow up to dday's excellent diary, which talks about the Baucus bill and Trojan Horse of "allowing people to buy insurance across state lines":
http://www.dailykos.com/...While they didn't realize it, the Republicans and their Big Insurance enablers have actually given us a rhetorical sledge hammer. "Allowing people to buy insurance across state lines" is code for insurance deregulation, and what just happened the last time when an insurance company was allowed to do business in a deregulated environment?
grannyhelen's diary :: :: Yup - AIG. AIG was able to stick a hedgefund on top of an insurance company and create a deadly explosive shell game of "hide the risk" that eventually blew up in all of our faces.
And now the GOP wants to turn your private health insurance carrier into AIG.
That'll work out well.
Just so we're all clear: the public option is bad because it's a government takeover, but the AIG option is good because it creates the conditions for next summer's hit movie, "Health Insurers Run Wild".
Um, I'll pass on that AIG option. And I bet a lot of folks - if they had to choose between the AIG option and the public option - would as well. The Republicans didn't realize it, but they just gave us a big, old rhetorical Christmas present wrapped up in dayglow paper with a huge bow that says "here's a gift, and I hope you use it against us."
I think we should.
http://www.dailykos.com/story/2009/9/9/779277/-Do-You-Want-the-AIG-Option,-Or-The-Public-OptionDEREGULATION! Now they can buy more derivatives!
Services
Plan of Finance Development and Implementation
In developing financing plans, Kaufman Hall organizes the overall financing process in the best interest of our clients. With every transaction, Kaufman Hall focuses on the client’s long-term financial planning, capital structure, and ratings goals.
Specific topics typically addressed in the financing process include: effective incremental debt capacity; timing and amount of new money needs; refinancing opportunities; fixed-rate versus variable-rate alternatives; costs of issuance; bond terms; and maximum annual debt service and its effect on future credit and debt capacity.
Debt Financing
Kaufman Hall has extensive experience with a broad spectrum of financial products, including both taxable and tax-exempt structures for derivative, fixed-rate, and variable-rate instruments secured by stand-alone credit ratings, bond insurance, or other credit enhancement vehicles.
Derivative Instruments
Kaufman Hall’s derivatives experience includes current and forward-starting fixed payor (floating to fixed) and fixed receiver (fixed to floating) swaps, embedded swap optionality, basis swaps, rate locks, rate caps, rate collars, and other types of transactions.
Kaufman Hall is experienced with both negotiated and competitive transactions, and maintains a detailed database of pricing performance information.
Services include:
•Comprehensive plan of finance education, development, and implementation and transaction management
•Assistance in the selection and overall coordination of the finance team
•Tax-exempt and taxable debt transactions in both public and private markets
•Short-term, long-term, fixed-rate, and variable-rate debt transactions
•Interest rate swap and other derivative transaction education, policy development, and implementation (negotiated and competitive bidding)
•Bond and swap pricing validation
•Letter- and line-of-credit transaction structuring and negotiations
•Ratings process coordination, presentation, development, and advocacy
•Bond insurance process management, pricing, and covenant negotiation
•Capital structure and capital formation strategy development
About Kaufman Hall
Founded in 1985, Kaufman, Hall & Associates, Inc. is counted among the country’s most respected independent strategic financial and capital consultants, working with healthcare organizations of all types and sizes.
Kaufman Hall provides financial advisory services to debt transactions; prepares and implements integrated strategic, financial, and capital plans; designs comprehensive capital allocation processes; and assists in the evaluation, structuring, and negotiation of merger, acquisition, joint venture, divestiture, and real estate transactions.
In addition, Kaufman Hall developed and markets the ENUFF Software Suite® of financial and strategic management products. Kaufman Hall serves its clients from offices in Chicago, Atlanta, Boston, Los Angeles, New York, and San Francisco.
For more information on Kaufman Hall's Debt and Derivatives-Related Financial Advisory Services, please call 847.441.8780.
Or how about taking insurance claims and turning them into AAA bonds?