Events – [BonkNote]

Panic of 1907 1 Kerry A. Odell and Marc D. Weidenmier, “Real Shock, Monetary Aftershock: The 1906 San Francisco Earthquake and the Panic of 1907,” J. Econ. Hist. 64, no. 4 (2004): 1002–1027. Indeed, the Federal Reserve arguably owes its creation, which followed the Panic of 1907, at least in part to the insurance industry.…

Great Depression The life insurance industry takes great pride in its survival of the depression, although it seems to me that it was bailed out by government intervention. I wonder if the time may come again, say if the prime rate goes to 38%, that the life insurance industry will need to be bailed out…

Movements BTID – Buy Term Invest the Difference Consumerism

1990s – Crisis The disaster we fear is the looming crisis of confidence, of lost credibility, of spreading fear among the public and, ultimately, of a “run on the bank” as policyholders pull their money out of the insurance industry. – (p160) — Prepared Statement: Martin D. Weiss, President, Weiss Research, Inc. 1991 0227, 0507, 0509…

Crisis 2008 Financial Crisis Crisis in Confidence Crisis – 1990s FCIC – Financial Crisis Inquiry Commission Liability Crisis We’ve all heard a lot about the junk bond crisis. Is the next crisis going to be junk illustrations? — Judy Faucett 1991 – SOA – Illustrations, Society of Actuaries – 20p 2009 – AP – Reflections on Northern…

2008 Financial Crisis 2008 Financial Crisis – Index The Global Economic & Financial Crisis: A Timeline, by Mauro F. Guillén – 96p the92ers.com/content/confederacy-dunces Economic Stabilization Act of 2008 (P.L. 110-343): Allowed the Secretary of the Treasury to purchase and insure “troubled assets” to help promote the strength of the economy and financial system. The act established…

Armstrong Investigation The New York Armstrong Committee Investigation of 1906, under the counsel of Charles Evans Hughes, dramatically, factually, and impartially exposed various unsavory practices among life insurance companies. The investigation resulted in radical state legislation, both in New York and elsewhere, designed to regulate the life insurance industry. 1992 – LR – Banking and Insurance…

TNEC – Temporary National Economic Committee Senate 1938-1941 – GOV (Senate) – TNEC – Temporary National Economic Committee, Joseph C. O’Mahoney (D-WY) — [BonkNote] 1941 – GOV (Senate) – TNEC – Final Report and Recommendations of the Temporary National Economic Committee, Investigation of Concentration of Economic Power – 464p (p269) – Life insurance funds are…