NU Online News Service, June 25, 4:07 p.m. EDT
President Barack Obama's financial regulatory reform plan could leave creditors, with subordinate claims against failing insurance holding companies, stuck with underperforming assets, a Moody's report said.
Under the proposal, if an insurance company were failing, the Office of National Insurance that would be created would consult with the Federal Reserve and the FDIC to determine which parts of the insurance group to support, Moody's noted.
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