CNN's John King, Paul Begala, and Kevin Madden discuss Obama's plan to shrink government and the ongoing GOP race.
In 1982 when at Prudential Insurance, Republican deregulation hit our business and allowed us to get a seriies 6 investment license. Two-thirds of the old timer premium collectors didn't like this. However, the company needed to get them all licensed. They brought in a sharp guy to hold a three day class to teach an easy memory program that would help everyone, regardless how interested, pass the series 6 test. 22,000 insurance agents were now "Registered Representitives" Within six years Prudential "Financial Services" was sued by the S.E.C. for $500,000,000. Two years later, for the first time in its long history, our office , as well as offices all over the country were closed. A few years later the company was turned into a stock company. It was, for 120 years, a mutual company owned by policy holders. No more dividends at interest for millions of policyholders. Republican deregulation and phony licensing cost a lot to many dedicated employees and the american public. Sorry republicans, some regulation as well as consumer protection is DEFINITELY NECESSARY !!! Wake up voters !
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John King, USA aired weekdays at 6pm ET. The final show aired June 29, 2012.
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