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Subject:  Re: A talking head economist says to buy stocks Date:  9/25/2013  7:54 PM
Author:  aj485 Number:  73312 of 78166

State regulation (put in place after the Armstrong Investigations) still prohibited insurers from investing in the stock market. As such, the stock market crash did not have the same devastating impact on life insurers as it did other institutions. Only 20 out of 350 insurers (5.7 percent) went into receivership during the Great Depression. Of those that failed, virtually all of the policyholder claims were still honored from solvent reinsurers. This compares to more than 4,000 bank failures out of approximately 25,733 state and national banks (15.5 perc