Insurance Co. Tapping the TARP

[insurehound]

Wall Street Journal has had good coverage of this. See what variable annuities have done to these companies? Making promises they couldn't keep.

 

[Winter_123]

TARP funds are supposedly only for strong companies. I think it's good for the ones who own a bank to stay eligible for the funds. It's just plain smart to have access to cheap capital.

Unless you want to be able to run your company without answering to Obama and Nancy Pinnochio.

 

[Guest]

Unless you want to be able to run your company without answering to Obama and Nancy Pinnochio.

No doubt you want to roll back the clock and let them answer to Bush, Cheney, and the revolving door of treasury officials who didn't know their ass from a hole in the ground!

I can't figure out how a fiscal conservative like you and your other neo-con friends here can idololize Bush, et. al., and at every chance you get vilify our current president.

I guess when you live in a rural area like you do and only get into town once a month for supplies... and the most upscale, intellectual place you visit is Wal Mart, I guess I can understand.

Bottom line, banks have been answering to government regulators and politicians since the 1930s. Of course, since you probably keep your money buried in a pickle jar somewhere in your north forty... you wouldn't know that.

I swear. I often think the IQ of this group of guys led by Winter is that of a Britney Spaniel... and other times I think I've overestimated even that. Then again, when all you can say is "no" and all you have to do is obstruct and criticize, how much of an IQ do you need.... especially in rural New England... where men are men and sheep are scared!

 

[Winter_123]

No doubt you want to roll back the clock and let them answer to Bush, Cheney, and the revolving door of treasury officials who didn't know their ass from a hole in the ground!

I can't figure out how a fiscal conservative like you and your other neo-con friends here can idololize Bush, et. al., and at every chance you get vilify our current president.

I guess when you live in a rural area like you do and only get into town once a month for supplies... and the most upscale, intellectual place you visit is Wal Mart, I guess I can understand.

Bottom line, banks have been answering to government regulators and politicians since the 1930s. Of course, since you probably keep your money buried in a pickle jar somewhere in your north forty... you wouldn't know that.

I swear. I often think the IQ of this group of guys led by Winter is that of a Britney Spaniel... and other times I think I've overestimated even that. Then again, when all you can say is "no" and all you have to do is obstruct and criticize, how much of an IQ do you need.... especially in rural New England... where men are men and sheep are scared!

Yup. You are in sophisticated California. Big vote coming up next week. Hope all you urban sophisticates are stalking up on supplies as you watch your house of cards collapse. Then the following week you will ask the fed government to take money from all the states you just demeaned to bail you out. Your model of corporate success is one where the company is in receivership and owned by the federal government. Apparently that is your model for running a state too.

If we end out bailing out California, then the feds should declare martial law for the whole state. Voter registration records should be checked and anyone registered to a liberal or left leaning party should be denied the right to free speech and assembly until further notice. Undoubtedly that will result in closure of most Starbucks in the state. The houses of all libs should be confiscated and sold off to pay the state's debts. Anyone appearing in public without their pants on will be shot on sight. That's change you can believe in.

 

[xrac]

Allstate says thanks but no thanks to TARP funds

Allstate says thanks but no thanks to TARP funds - Investment News

 

[Mrpants]

Hartford is listed in that group and I just received a solicitation to have one of 3 spots available in the Atlanta area with their special lead program through Huggins Financial Group in Cumming, Ga. Anyone familiar with Huggins?

James, Have you heard anything about Huggins since your post?
Thanks