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| 07:28 AM | ||
| Users Online Now: 1,534 (Who's On?) | Visitors Today: 436,323 | |
| Pageviews Today: 701,028 | Threads Today: 202 | Posts Today: 3,536 |
| 07:28 AM | ||
** FLASH: Harry Reid lets slip: reason for bailout is because "major" insurance company is about to blow ** | |
| Anonymous Coward User ID: 324898  United States10/01/2008 09:39 PM Report Abusive Post Report Copyright Violation | Re: ** FLASH: Harry Reid lets slip: reason for bailout is because "major" insurance company is about to blow ** Any true market has to have corrections - otherwise it isn't a true market. Quoting: locomotion 369062Any business operated under free enterprise that isn't managed prudently can fail, including huge insurance companies - otherwise it isn't free enterprise. We either have a true market and free enterprise, or not. What's it gonna be boys, yes or no? Call or Raise.... Shite! You were bluffing? With those cards?!? |
| Anonymous Coward User ID: 509309 United States10/01/2008 10:22 PM Report Abusive Post Report Copyright Violation | Re: ** FLASH: Harry Reid lets slip: reason for bailout is because "major" insurance company is about to blow ** COOL! So after having bailed out my bank and your bank and their banks, you know, so that if I go down to my bank to get MY MONEY, the money the bank lent to peeps who the bank KNEW could not possibly pay it back, some more of my money will be there in place of my money that is not there. . . . AND NOW (TA-DA!) I can pay to bailout the insurance company that lost my money so that if a piano or anvil falls from the sky and hits my house I can get some of my money and then have my policy cancelled because I had a claim. . . . Prudential. I've been betting against their actuaries since 1979. Figure it's about time they screwed me for good. Yep. The Rock is going down. No evidence mind you. I just liike to take advantage of therare opportunity to predict that I am going to get screwed. Yep.. PRUDENTIAL. |
| Blue User ID: 445661 United States10/02/2008 12:06 PM Report Abusive Post Report Copyright Violation | Re: ** FLASH: Harry Reid lets slip: reason for bailout is because "major" insurance company is about to blow ** It won't be Allstate they are very conservative in their investments. I think their investments portfolio is only down something likea couple percent this year. other ideas: Metlife/Prudential/Zurich Most of the Property and Casulty insurers are very conservative with their investments. I would think live or fringe insurance lines like... companies who insure financial products. Blue |
Pasha  User ID: 515803  Switzerland10/02/2008 12:30 PM Report Abusive Post Report Copyright Violation | Re: ** FLASH: Harry Reid lets slip: reason for bailout is because "major" insurance company is about to blow ** WASHINGTON (MNI) - The following is a transcript of a portion of the remarks of Senate Majority Leader Harry Reid Wednesday afternoon: Quoting: Anonymous Coward 342843"My job is not to get things passed in the House. My job is to get things passed in the Senate. And I've done what I thought was the best way to get something passed in the Senate and do it quickly. "We don't have a lot of leeway in time. One of the individuals in the (Democratic) caucus today talked about a major insurance company -- a major insurance company -- one with a name that everyone knows, that's on the verge of going bankrupt. That's what this is all about. "We don't have the leisure of waiting -- let's wait two or three days, let's get something, let's file cloture, wait until the 30 hours ripens then we'll be on the bill, then we'll have a few amendments. "We have to do something." ********** Top Senate Democrat hopeful for bailout in the House 2 hours ago WASHINGTON (AFP) — The top Democrat in the US Senate said Wednesday that a revised Wall Street bailout plan his colleagues plan to vote on later Wednesday also had a good chance in the House of Representatives. Senate Majority leader Harry Reid also warned that there was no alternative to passing the bill quickly, adding that a major US insurance firm he did not name was on the verge of going bankrupt along with some other big companies. [link to afp.google.com] OP, note that Harry Reid didn't say an American insurance company. Also note that the bailout money can go to foreign countries. I am thinking it just might be Lloyds of London. I know of someone who works for them and things are very bad right now. They had a lot of dealings with AIG... In fact, this person has a very bad injury (can barely walk) and still needs to get on a plane to go to England for immediate meetings. The situation is dire. Now, also remember that Nancy Pelosi was given 'credit' for coming up with an idea to "buy insurance for the taxpayers"??? It was supposed to protect the taxpayers..but what if it is really to send a big chunk of money to this insurance group? Remember, the money is also for the foreign markets.. Hmmmm.... |
| Anonymous Coward User ID: 922419  Canada03/22/2010 04:51 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 919062 Canada03/22/2010 07:11 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 919062 Canada03/22/2010 07:15 AM Report Abusive Post Report Copyright Violation | Re: ** FLASH: Harry Reid lets slip: reason for bailout is because "major" insurance company is about to blow ** Insurance linked with derivatives exposure. Quoting: Anonymous Coward 919062Bingo. Can't believe this hasn't been pinned. Never mind - I've gotta check the dates of these threads OPs more closely. ...and wait for the caffeine to kick in before posting.  So much for imminent doom... |
| Anonymous Coward User ID: 919577  India03/22/2010 07:16 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 922263 United States03/22/2010 07:27 AM Report Abusive Post Report Copyright Violation | Re: ** FLASH: Harry Reid lets slip: reason for bailout is because "major" insurance company is about to blow ** The residential real estate market crashed but the bigger Business real estate market has not crashed yet. I'm betting that whoever insures most of the businesses in the U.S. is about to go under along with business real estate prices right along with it. |
| Anonymous Coward User ID: 690400 United States03/22/2010 07:30 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 922263 United States03/22/2010 07:31 AM Report Abusive Post Report Copyright Violation | Re: ** FLASH: Harry Reid lets slip: reason for bailout is because "major" insurance company is about to blow ** One other thought is those tungston laced gold bars. They sure put a lid on that story real fast. I'm betting that all the banks and nations checked out the gold they are holding and found that most of it is tungston and the story is about to hit the fan. The whole western system may be on the brink if the gold is fake. |
| Anonymous Coward User ID: 690400 United States03/22/2010 07:31 AM Report Abusive Post Report Copyright Violation | Re: ** FLASH: Harry Reid lets slip: reason for bailout is because "major" insurance company is about to blow ** Insurance linked with derivatives exposure. Quoting: Anonymous Coward 919062Bingo. Can't believe this hasn't been pinned. Never mind - I've gotta check the dates of these threads OPs more closely. ...and wait for the caffeine to kick in before posting. So much for imminent doom... Yah, I worked myself into a lather for nothing on Oct. 1, 2008, when I first read this thread. |
| Anonymous Coward User ID: 77  Hong Kong03/22/2010 07:50 AM Report Abusive Post Report Copyright Violation | |
