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U.S. Approves The Hartford, Lincoln National Bank Holding Company Bids
National News • January 12, 2009
The U.S. Office of Thrift Supervision said on Friday that it approved applications from Hartford Financial Services Group Inc and Lincoln National Corp to become bank holding companies, an ...
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| Subject | Posted By | Posted On |
|---|---|---|
| RE: RE: RE: RE: Hartford's Survival | iMod | Jan 13, 2009, 8:54 am |
| RE: RE: RE: Hartford's Survival | Big D | Jan 13, 2009, 8:17 am |
| RE: RE: Hartford Bailout | Just for fun | Jan 12, 2009, 6:49 pm |
| RE: RE: Hartford's Survival | Be Honest | Jan 12, 2009, 4:42 pm |
| RE: Hartford's Survival | Big D | Jan 12, 2009, 3:46 pm |
| Hartford's Survival | Be Honest | Jan 12, 2009, 2:25 pm |
| RE: RE: Hartford Bailout | Big Rewards | Jan 12, 2009, 1:59 pm |
| RE: Hartford Bailout | Wilbur Streater Jr | Jan 12, 2009, 1:04 pm |
| RE: Hartford Bailout | Crybaby | Jan 12, 2009, 12:50 pm |
| Hartford Bailout | Big D | Jan 12, 2009, 12:38 pm |
| and further | matt | Jan 12, 2009, 8:57 am |
| WHAT A JOKE | Matt | Jan 12, 2009, 8:51 am |
| Back to article | ||
Subject: Hartford's Survival
Hartford is taking advantage of something that will help preserve the company. What are they supposed to do - just go ahead and fail and give up? Another 30,000 jobs gone? Give up on their contracts and obligations? Their Board is tasked to do what they can to keep the company alive.
I'm not saying it's right. I'm also not saying I agree with it - I don't. But I will say that Hartford has bailed out America many times (ie Chicago fire, Boston fire, New York fire, San Fran earthquake) in it's 199 years of existence. Read the history of the company and you will see that they have carried through many times when other carriers simply gave up and did not pay their obligations. There is more to Hartford than just the last 12 months.
It should be noted that it is not Hartford's operations that have brought the company down. It's the combination of bad investments (AIG mainly) along with some exposure to derivatives (that has also tagged other companies as well, not just HIG) combined with that moron senator's comments a few months ago.
I give credit to them for fast thinking! I'm also surprised they have not been taken over and parceled out for the P&C operations.