Can Gary Gensler solve every problem in American finance?

Everyone in finance has an opinion of Gary Gensler. To many, the chairman of the Securities and Exchange Commission (sec), America’s main financial regulator, is meddlesome and overreaching. Mention him in crypto circles and you invite a convoluted description of a token or project, followed by the speaker hissing: “How can that be a security?!” His plans have raised the eyebrows of other policymakers, alarmed lobbyists in Washington and panicked much of Wall Street. One bank boss sneers that his agenda is ridiculous. So broad are his aims, “he must think he is an Avenger,” assuming he

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AM Best Revises Outlooks to Negative for American Federated Insurance Company and American Federated Life Insurance Company

OLDWICK, N.J., August 27, 2021–(BUSINESS WIRE)–AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Ratings of “bb” (Fair) of American Federated Insurance Company (AFIC) and American Federated Life Insurance Company (AFLIC). Both companies are known collectively as American Federated Insurance Companies and are domiciled in Flowood, MS.

These Credit Ratings (ratings) reflect AFIC’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and marginal enterprise risk management (ERM). The ratings

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