Washington, D.C., April 16, 2010 — The Securities and Exchange Commission today charged Goldman, Sachs & Co. and one of its vice presidents for defrauding investors by misstating and omitting key facts about a financial product tied to subprime mortgages as the U.S. housing market was beginning to falter.
Louisiana has the highest average auto insurance rates in the United States, while Maine has the lowest, according to new data from Insure.com that ranks the states according to their average insurance rates. (ranked list below the jump)
The data…comes from a study Quadrant Information Services performed for Insure.com to find the most and least expensive vehicle to insure nationwide, which we covered in a March Bucks post. The data, which determined average insurance premiums rates for more than 2,400 vehicles from the 2010 model year from six large carriers across 10 ZIP codes in each state, also enabled a comparison of auto insurance rates in general across the states.
What’s behind states’ different rates?
According to Insure.com, states’ different laws are partly to blame. “Our findings show that the financial ramifications of specific state laws and regulations are driving high rates in certain states,” Amy Danise, senior managing editor of Insure.com, said in a statement. “No matter how good your own driving record is, you’re paying for the decisions of lawmakers.”
I received some interesting emails this weekend but the one that caught my fancy was the one that called New Orleans assistant US Attorney Michael Magner a “degenerate cockroach”. I am well familiar with Magner from back in the day and I feel on safe ground by terming the man a great natural basher along the lines of your mostly humble correspondent.
Locally, there was cause for concern in certain Jefferson Parish circles when it became known that Mr Magner had temporarily departed the area for a bit of home office duty. I say temporary because my unofficial sources indicated such was the case.
I figure there are many in the political class, apparently disproportionately on the political right, that just can not help themselves when it comes to hypocrisy. Along those lines I offer GOP political hack and mayoral wannabe Scott Walker of Ocean Springs, whose recent campaign against Conne Moran was accompanied by rumors that Moran was a drunk. I don’t think we’ll be hearing any more about that as ol’ Scott was arrested for drunk driving this past weekend in Ocean Springs. Donna Melton has the skinny for the Sun Herald:
Former mayoral candidate and local businessman Scott Walker will plead not guilty to a charge of driving under the influence, his attorney said.
Walker was arrested by Ocean Springs police sometime early Saturday morning.
Lt. Steve Futral said Saturday that Walker was taken into custody on a suspicion of DUI charge, processed and given an appearance bond.