With Allstate, you’re NOT in good hands

catherine at 04:59 2009-02-09 said:

they will be giving away mortgages shortly just to get butts in houses, they will make subprime mortgages look like they were tough

just like the mods though, you can't be successful putting borrowers into falling chainsaw properties, it won't work

some big tough love needs to be done here, the investments have to fall to their real worth and there is a lot of pain in that, BUT NOT TO DO IT WILL CAUSE THIS MESS TO GO ON FOR 20 YEARS

property did not bounce back after the depression until the 50s

and the messiah can't find a democrat that isn't a tax cheat or lobbyist to put in office - the media makes us take out our trash, hehehehe they have allowed the liberals to keep their trash in office for decades = people are paying attention and the liberals aren't used to that

imagine if cheney or bush cheated on their taxes, spotlight on it all

rangel not paying on investment property, panetta and slick and daschle screwing the4 nation in lobbying, oh boy

if it weren't so dangerous it would be downright funny

but hell they have dropped the charges against the guys that killed my fellow veterans on the USS Cole

hehehehe, what next let the poor rapist and crackheads out of prison cause they had bad childhoods

insurance pension and banking tanked by june with another 8 million unemployed

welcome to obamanation

and we asked for it

so so sososososo sad and it was preventable

rubin and greenspan are the first perp walks with crooked dodd and frank and schumer right behind them

the nation will realize what gutting the glass steagall act has done to the world and rubin and clinton and greenspan and gramm and a couple republicans have their fingers all over it

just so rubin could merge travelors and citycorp, front and center perp walk coming soon to a TV near you Permalink

mahalo guy at 05:10 2009-02-09 said:

Many stock insurance companies are starting to come clean a bit. Looking for TARP money and relaxed accounting of reserves.

What concerns me is all the mutual insurance companies. There are some huge ones. Since they are not publically traded, I fear they will hide losses from their policy holders.

One big mutual insurance company-the biggest, I think-just announced a 8.5% dividend for 2008 to all policy holders.

How could anyone return 8.5% in 2008? Permalink

catherine at 05:28 2009-02-09 said:

Catherine,

Many stock insurance companies are starting to come clean a bit. Looking for TARP money and relaxed accounting of reserves.

What concerns me is all the mutual insurance companies. There are some huge ones. Since they are not publically traded, I fear they will hide losses from their policy holders.

One big mutual insurance company-the biggest, I think-just announced a 8.5% dividend for 2008 to all policy holders.

How could anyone return 8.5% in 2008?

there will be young pitted against old when the annuities and pensions fail. I know I sound so doomsday but it is amazing to me that people don't realize all the money was put into the same toxic investment pool, maybe they are too scared to think about it but for the last 15 years toxic mortgage securities were about the only (rising) game going (talking the majority here, sure there are some small hideaways but the majority including pensions were in this failing market)

and gold to me is a sham, talked to a guy that used to work at the mint, pretty high up, when gold gets outrageous - heard a 1500 quote today, well the mint will just unload their huge supply and we will have the same problem we have with too much supply and no demand in the housing market,

those people planning on that and buying into that will be in the same place.

everyone gets a 50% haircut this time, this is equal opportunity losses

and the ones bragging they didn't get hurt, JUST DON'T KNOW IT YET

sad sad sad Permalink