I think the average American has a better idea how to manage their health care costs, to make better decisions for their families than an insurance underwriter, an insurance company executive, or bureaucrat in Tallahassee or Washington. I think people make good decisions given the proper incentives.
Quotes about underwriter (4 Quotes)
It is significant because it expands J.P. Morgan's distribution capability without forcing the company to buy anything. It also allows Fidelity into the new issue game without becoming an underwriter.
If you're an underwriter and you're going to take a firm public, don't you check its controls and make sure their back office is ready to go public The whole thing is just so bizarre. It looks like a huge failure on many parts.
Brokerage firms and their executives cannot use threats regarding research activities as a way to obtain investment banking business, ... The threat to drop research coverage if Piper were not selected as the lead underwriter for a secondary offering was totally inappropriate and undermines the integrity of the market.