Well if $500 million is worth a life sentence what do you suppose they should do to Franklin Raines and cohorts who set the whole deal up that made it easy for AIG to destroy itself. Oh, that’s right he’s an Obama friend so I guess he’s in the clear.
c’mon, JD…McCain lost, Obama won. We all know it and are happy for you but it’s all over now. While I didn’t vote for Mr. Obama, he’s going to be our president now and has my full support.
McCain expressed his appreciation of Obama and pledged to help in any way he can. Obama praised McCain last night, why can’t you?
Back to the actual subject at hand, those five guys should all be given an all inclusive trip to the Riker’s Island Spa and Prison Facility.
Hank is just to much to blame for AIG as any other AIG’s CEO since…He knew what his management team was asking of Gen-Re…Shift money around to hide our loss ratio and exposure. hmmmmmm sound familiar…..they then found a thing called CREDIT SWAPS………Didn’t need Gen-Re anymore we got Freddy Mac to work with………
If the government puts these guys in prison then they also need to put Democrats like William Jefferson in prison also. They have the man on video tape taking a $100,000 bribe and then find the cash in his freezer and he was just reelected to congress. He hasn’t even been procecuted yet.
Life in prison sounds good to me if found guilty. It’s more likely they’ll pay a fine and get out in a few years for good behavior or some other excuse.
Unfortunately, your naive and whimscical comments have no relevance to the conviction or sentences to which the five now face. The loss portfolio transfer has no causual connection to the credit-default swap that is the root cause of AIG’s financial collapse.
It’s a grave travesty of justice when the court finds these five guilty of a scam transaction but yet turns a blind eye to Hank Greenberg and Warren Buffett’s role in this false transaction. Who profited from the LPT? The five individuals or Hank and Warren when the scheme was devised in 2004?
These five insurance professionals were caught in the middle of what started out to be a legitimate insurance transaction but for reasons unknown did not complete the purchase of AIG’s case reserves.
The ones that benefited were Gen Re and AIG not the five fall guys and gal.
A little benevolence and less criticism would be in order. Oh! by the way, be careful how you handle your transactions.
Monika, just exactly what does this article have to do with politics? I think you could also point to a more recent verdict related to Republican Ted Stevens, or are you just sore about the election results and looking for a reason to vent, even when it has no relevance to the subject at hand?
My Sainted Dad once told me, “Son, if you spit on the sidewalk, you could get a YEAR in jail….-but if you STEAL (sic) a RAILROAD, you could get a seat in Congress !”
Meaning: Big crooks get “respect” (!)
-Well,thanks to Hank, Warren, and Franklin Raines, (our President-Elects’ boy) and the Good Ole Boys for what you’ve done to America and to lots of us: screwed us-over regally.
We trusted you and you demonstrated your criminal nature
I hope you’re all sentenced to 40 years in Attica.
See how you like it sleeping with your back to the wall !
The relavance is that many of those in the Government that are pointing the finger are just as guilty. Maybe some members of congress should also go to prison. And yes Stevens should be held accountable also. He is a crook just like Barney Frank, Dodd, etc. And no I am happy as a lark that Obamaba won as I not only voted for him but worked for his campaign. Sorry you are so angry as I guess your guy lost.
Hi Monica,
Truto here.
I voted for Ralph Nader
Because he has the cajones to tell the truth, starting back when he wrote his best-seller, “Unsafe At Any Speed” in 1961
-He also stated his dissatisfaction with Israels’ 300 to 1 “kill ratio” of the Palestinian people, on Meet The Press
I WISH Obama would invite him to serve in the New Administration
Enjoy it.
Hey JG: “Scary how these five men could possibly be responsible for the current financial state we are in.” Have you followed ANY of the news on the current financial crisis? Please understand the facts (if you are capable) before adding your opinion.
You are absolutely right, James. Many posters here don’t even read the articles they’re posting on, much less have any understanding of the background. They just use the comment sections as a forum for their idiotic dribble about politics or whatever else, and they usually have no understanding of the facts involved. To link this case in any way with the current problems at AIG is moronic.
btw, I have been following this case closely (yeah, you know, the one the article is written about!) and it is an utter travesty that someone like Ferguson could get even 5 years for his negligible involvement in this scheme. In a nutshell, he took a call from a client asking for something that could be done LEGALLY. He passed it on to his subordinates and successor and then retired. Seems it all unraveled after that. imo, his lawyer has failed miserably.
Five former insurance executives tied to American International Group face up to life in prison..You have no logic or common sense MR nobody important I AM A NUT CASE WE REALLY ALL SHOULD BE NUT CASE OVR THE RAPING OF THIS GREAT COUNTY. It’s only because insurance executives make too much money according to your post. NO YOU HAVE NO CLUE MR nobody important ..
AIG were convicted in February of conspiracy, securities fraud, mail fraud and making false .. this sound like a lot of nut case to me. How about to you American ? They cited studies by an expert that concluded the fraud-related losses to AIG shareholders totaled $543 million to $1.4 billion.
Subject: RE: insurance executives
Posted On: November 7, 2008, 10:21 am CST
Posted By: Melanie
Comment:
Oh guys, sorry I spelled wrong. I have dyslexia. The insurance company said that I am not worth a hell of alot because of that. The word I was trying to spell was rape. It’s too bad you pay your premium every month without any questions because you believe that you have a good neighbor and then you find out that you really have the neighbor from Hell. Your are right, I am pissed off! I can remember putting my hand on my heart as a child and honoring this country and then getting in a car wreck and realized that it is all a fantasy. Well guys, I want it to be right. Laws should be the same for every human being and if you are stealing from people and raping them in a time of need your butt needs to be in jail. We see people go in front of Congress for all of this ******** that they are doing and then what? I say if we want checks and balances we the consumer, the people, need to be investigating these big companies and we need to be the investigative unit, not some ******** group in the Insurance Commissioner’s office.
Subject Posted By Posted On
RE: RE: insurance executives
Here I thought that because an insurance policy had been designed to cover a specific exposure, filed and accepted by the state insurance departments and ruled on by the courts, that it would be a legal product. Silly me, thinking that every contract should extend to whatever coverage you want, even if it wasn’t designed to cover that exposure and you never paid for covering that exposure. It’s only because insurance executives make too much money according to your post. You have no logic or common sense. I will not say all executives are moral people, that would not make sense. On the other hand, they are not all evil. You are a nut case.
To get your fact straight…its true that we all do not know the whole facts about the case, because lawyers procesutors and defense make verbal deal…not reveal to be read or written. So in response to dot_hemath comments..taking a phone call and passing on the information doesn’t deserve jail time…no way. But how long has this person being working at the insuranse company? Was that the only transaction he has ever done? what other deals and communication took place during his tenure at his company that he was a part of? Fraud is fraud no matter how you look at it. Stealing is stealing no matter how you look at it. Because someone or you boss tells you to do some thing wrong doesn’t mean you have to do it…let your conscience be your guide. How idiotic…he’s facing jail time for something he wasn’t a part of?…yeah right give me a break!!!!! Bottom line its all about greed.
‘It doesn’t matter how big a ranch ya’ own, or how many cows ya’ brand, the size of your funeral is still gonna depend on the weather.’ – Harry Truman.
……………………………………….
After President Truman retired from office in 1952, he was left with an income consisting of basically just a U.S.Army pension, reported to have been only $13,507.72 a year. Congress, noting that he was paying for his stamps and personally licking them, granted him an ‘allowance’ and, later, a retroactive pension of $25,000 per year.
When offered corporate positions at large salaries, he declined, stating, ‘You don’t want me. You want the office of the president, and that doesn’t belong to me. It belongs to the American people and it’s not for sale.’
Even later, on May 6, 1971, when Congress was preparing to award him the Medal of Honor on his 87th birthday, he refused to accept it, writing, ‘I don’t consider that I have done anything which should be the reason for any award, Congressional or otherwise.’
We now see that other past presidents, have found a new level of success in cashing in on the presidency, resulting in untold wealth. Today, many in Congress also have found a way to become quite wealthy while enjoying the fruits of their offices. Obviously, political offices are now for sale.
Good old Harry Truman could have been correct when he observed, ‘My choice early in life was either to be a piano player in a whorehouse or a politician. And to tell the truth, there’s hardly any difference. I, for one, believe the piano player job to be much more honorable than current politicians.’
‘It doesn’t matter how big a ranch ya’ own, or how many cows ya’ brand, the size of your funeral is still gonna depend on the weather.’ – Harry Truman.
……………………………………….
After President Truman retired from office in 1952, he was left with an income consisting of basically just a U.S.Army pension, reported to have been only $13,507.72 a year. Congress, noting that he was paying for his stamps and personally licking them, granted him an ‘allowance’ and, later, a retroactive pension of $25,000 per year.
When offered corporate positions at large salaries, he declined, stating, ‘You don’t want me. You want the office of the president, and that doesn’t belong to me. It belongs to the American people and it’s not for sale.’
Even later, on May 6, 1971, when Congress was preparing to award him the Medal of Honor on his 87th birthday, he refused to accept it, writing, ‘I don’t consider that I have done anything which should be the reason for any award, Congressional or otherwise.’
We now see that other past presidents, have found a new level of success in cashing in on the presidency, resulting in untold wealth. Today, many in Congress also have found a way to become quite wealthy while enjoying the fruits of their offices. Obviously, political offices are now for sale.
Good old Harry Truman could have been correct when he observed, ‘My choice early in life was either to be a piano player in a whorehouse or a politician. And to tell the truth, there’s hardly any difference. I, for one, believe the piano player job to be much more honorable than current politicians.’
WAKE UP nobody important… AND GET YOUR Get Your Facts Straight.
Given AIG’s recent collapse, Graham’s timing is nothing if not lousy. Because of the sham deal, AIG’s longtime CEO Hank Greenberg was forced to resign in 2005. Prosecutors said in court that Greenberg initiated the deal, though he was never charged. After AIG agreed to pay $1.6 billion to settle state and federal investigations into the fake deal, the company’s stock plummeted. Now, amid the financial crisis, U.S. taxpayers have had to bail out AIG with $122.8 billion in loans while AIG execs are being grilled in congressional hearings.
complaints with state insurance departments
Posted On: November 10, 2008, 8:03 pm CST
Posted By:
Comment:
GIVE US$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Posted On: January 4, 2008, 12:44 pm CST
Posted By:
Comment:
When there’s a disaster, the companies homeowners count on to protect them from financial ruin routinely pay less than what policies promise. Insurers often pay 30-60 percent of the cost of rebuilding a damaged home–even when carriers assure homeowners they’re fully covered, thousands of complaints with state insurance departments and civil court cases show.
Paying out less to victims of catastrophes has helped produce record profits. In the past 12 years, insurance company net income has soared–even in the wake of Hurricane Katrina, the worst natural disaster in U.S. history. Property- casualty insurers, which cover damage to homes and cars, reported their highest- ever profit of $73 billion last year, up 49 percent from $49 billion in 2005, according to Highline Data LLC, a Cambridge, Massachusetts-based firm that compiles insurance industry data.
The 60 million U.S. homeowners who pay more than $50 billion a year in insurance premiums are often disappointed when they discover insurers won’t pay the full cost of rebuilding their damaged or destroyed homes. Property insurers systematically deny and reduce their policyholders’ claims, according to court records in California, Florida, Illinois, Mississippi, New Hampshire and Tennessee. The insurance companies routinely refuse to pay market prices for homes and replacement contents, they use computer programs to cut payouts, they change policy coverage with no clear explanation, they ignore or alter engineering reports.
Subject Posted By Posted On
complaints with state insurance departments
clipper, you ask, “But how long has this person being working at the insuranse company? Was that the only transaction he has ever done? what other deals and communication took place during his tenure at his company that he was a part of?”
You are correct most of us who work everyday, and have families don’t understand all the facts of these cases. We simply are not close enough to these corps, or have time to do the research. But facts really don’t matter, because as some of you point out the crazies have taken over the asylum. I don’t for one minute believe anyone associated with any of these schemes will do credible time. Why, because the people who would prosecute them have too much of their own dirty laundry. They don’t want to see honesty become a trend!
Melanie posts on here often because she had a claim turned down. Why I don’t know, but her incessant rants about the insurance industry have no basis in fact. Her rants have a seriously unbalanced tone. Get off my back. Her rant has nothing to do with the topic and has everything to do with her nut case rants.
Never gonna happen, prediction, they’ll all walk, I think those clowns could take down congress, AIG failed because it invested in congressionally sanctioned federal loan policy.
So what is this law & 500 million bucks & what about all those banks that have lost more than 500 million bucks to institutionalized loan fraud?
Steal $50 and get 5 years. Steal $500,000,000 and get house arrest or a sharp rebuke. Seems equitable to me. It’s hard to prosecute people who can afford real attorneys. The lesson is, steal enough to afford a real attorney or two.
Well if $500 million is worth a life sentence what do you suppose they should do to Franklin Raines and cohorts who set the whole deal up that made it easy for AIG to destroy itself. Oh, that’s right he’s an Obama friend so I guess he’s in the clear.
If AIG could destroy itself that easily, then they deserve to go to jail. You really do need to take some responsibility here.
If you can’t do the time, don’t do the crime. No matter who the president is.
Scary how these five men could possibly be responsible for the current financial state we are in. No matter who the president is.
Amazing how people still defend these heavy hitter wrong doers. You must have so much money that it doesn’t bother you. Oh yeah, so does John McCain.
c’mon, JD…McCain lost, Obama won. We all know it and are happy for you but it’s all over now. While I didn’t vote for Mr. Obama, he’s going to be our president now and has my full support.
McCain expressed his appreciation of Obama and pledged to help in any way he can. Obama praised McCain last night, why can’t you?
Back to the actual subject at hand, those five guys should all be given an all inclusive trip to the Riker’s Island Spa and Prison Facility.
Hank is just to much to blame for AIG as any other AIG’s CEO since…He knew what his management team was asking of Gen-Re…Shift money around to hide our loss ratio and exposure. hmmmmmm sound familiar…..they then found a thing called CREDIT SWAPS………Didn’t need Gen-Re anymore we got Freddy Mac to work with………
And people want Hank back in at AIG…….
If the government puts these guys in prison then they also need to put Democrats like William Jefferson in prison also. They have the man on video tape taking a $100,000 bribe and then find the cash in his freezer and he was just reelected to congress. He hasn’t even been procecuted yet.
Life in prison sounds good to me if found guilty. It’s more likely they’ll pay a fine and get out in a few years for good behavior or some other excuse.
Unfortunately, your naive and whimscical comments have no relevance to the conviction or sentences to which the five now face. The loss portfolio transfer has no causual connection to the credit-default swap that is the root cause of AIG’s financial collapse.
It’s a grave travesty of justice when the court finds these five guilty of a scam transaction but yet turns a blind eye to Hank Greenberg and Warren Buffett’s role in this false transaction. Who profited from the LPT? The five individuals or Hank and Warren when the scheme was devised in 2004?
These five insurance professionals were caught in the middle of what started out to be a legitimate insurance transaction but for reasons unknown did not complete the purchase of AIG’s case reserves.
The ones that benefited were Gen Re and AIG not the five fall guys and gal.
A little benevolence and less criticism would be in order. Oh! by the way, be careful how you handle your transactions.
Monika, just exactly what does this article have to do with politics? I think you could also point to a more recent verdict related to Republican Ted Stevens, or are you just sore about the election results and looking for a reason to vent, even when it has no relevance to the subject at hand?
My Sainted Dad once told me, “Son, if you spit on the sidewalk, you could get a YEAR in jail….-but if you STEAL (sic) a RAILROAD, you could get a seat in Congress !”
Meaning: Big crooks get “respect” (!)
-Well,thanks to Hank, Warren, and Franklin Raines, (our President-Elects’ boy) and the Good Ole Boys for what you’ve done to America and to lots of us: screwed us-over regally.
We trusted you and you demonstrated your criminal nature
I hope you’re all sentenced to 40 years in Attica.
See how you like it sleeping with your back to the wall !
The relavance is that many of those in the Government that are pointing the finger are just as guilty. Maybe some members of congress should also go to prison. And yes Stevens should be held accountable also. He is a crook just like Barney Frank, Dodd, etc. And no I am happy as a lark that Obamaba won as I not only voted for him but worked for his campaign. Sorry you are so angry as I guess your guy lost.
You get less than a life sentence for murder today.
Hey, how about Franklin Raines?? If these guys get a life sentence than Raines should be sentenced to death by hanging.
Hi Monica,
Truto here.
I voted for Ralph Nader
Because he has the cajones to tell the truth, starting back when he wrote his best-seller, “Unsafe At Any Speed” in 1961
-He also stated his dissatisfaction with Israels’ 300 to 1 “kill ratio” of the Palestinian people, on Meet The Press
I WISH Obama would invite him to serve in the New Administration
Enjoy it.
Hey JG: “Scary how these five men could possibly be responsible for the current financial state we are in.” Have you followed ANY of the news on the current financial crisis? Please understand the facts (if you are capable) before adding your opinion.
Dear Tom Miller.
You are right. As I am sure you always are.
JG
You are absolutely right, James. Many posters here don’t even read the articles they’re posting on, much less have any understanding of the background. They just use the comment sections as a forum for their idiotic dribble about politics or whatever else, and they usually have no understanding of the facts involved. To link this case in any way with the current problems at AIG is moronic.
btw, I have been following this case closely (yeah, you know, the one the article is written about!) and it is an utter travesty that someone like Ferguson could get even 5 years for his negligible involvement in this scheme. In a nutshell, he took a call from a client asking for something that could be done LEGALLY. He passed it on to his subordinates and successor and then retired. Seems it all unraveled after that. imo, his lawyer has failed miserably.
Five former insurance executives tied to American International Group face up to life in prison..You have no logic or common sense MR nobody important I AM A NUT CASE WE REALLY ALL SHOULD BE NUT CASE OVR THE RAPING OF THIS GREAT COUNTY. It’s only because insurance executives make too much money according to your post. NO YOU HAVE NO CLUE MR nobody important ..
AIG were convicted in February of conspiracy, securities fraud, mail fraud and making false .. this sound like a lot of nut case to me. How about to you American ? They cited studies by an expert that concluded the fraud-related losses to AIG shareholders totaled $543 million to $1.4 billion.
Just beacause you are a CEO doesn,t give you permission to rape all of us . NO MORE PAPING THIS GREAT COUNTY.
Subject: RE: insurance executives
Posted On: November 7, 2008, 10:21 am CST
Posted By: Melanie
Comment:
Oh guys, sorry I spelled wrong. I have dyslexia. The insurance company said that I am not worth a hell of alot because of that. The word I was trying to spell was rape. It’s too bad you pay your premium every month without any questions because you believe that you have a good neighbor and then you find out that you really have the neighbor from Hell. Your are right, I am pissed off! I can remember putting my hand on my heart as a child and honoring this country and then getting in a car wreck and realized that it is all a fantasy. Well guys, I want it to be right. Laws should be the same for every human being and if you are stealing from people and raping them in a time of need your butt needs to be in jail. We see people go in front of Congress for all of this ******** that they are doing and then what? I say if we want checks and balances we the consumer, the people, need to be investigating these big companies and we need to be the investigative unit, not some ******** group in the Insurance Commissioner’s office.
Subject Posted By Posted On
RE: RE: insurance executives
Here I thought that because an insurance policy had been designed to cover a specific exposure, filed and accepted by the state insurance departments and ruled on by the courts, that it would be a legal product. Silly me, thinking that every contract should extend to whatever coverage you want, even if it wasn’t designed to cover that exposure and you never paid for covering that exposure. It’s only because insurance executives make too much money according to your post. You have no logic or common sense. I will not say all executives are moral people, that would not make sense. On the other hand, they are not all evil. You are a nut case.
To get your fact straight…its true that we all do not know the whole facts about the case, because lawyers procesutors and defense make verbal deal…not reveal to be read or written. So in response to dot_hemath comments..taking a phone call and passing on the information doesn’t deserve jail time…no way. But how long has this person being working at the insuranse company? Was that the only transaction he has ever done? what other deals and communication took place during his tenure at his company that he was a part of? Fraud is fraud no matter how you look at it. Stealing is stealing no matter how you look at it. Because someone or you boss tells you to do some thing wrong doesn’t mean you have to do it…let your conscience be your guide. How idiotic…he’s facing jail time for something he wasn’t a part of?…yeah right give me a break!!!!! Bottom line its all about greed.
Harry S. Truman
‘It doesn’t matter how big a ranch ya’ own, or how many cows ya’ brand, the size of your funeral is still gonna depend on the weather.’ – Harry Truman.
……………………………………….
After President Truman retired from office in 1952, he was left with an income consisting of basically just a U.S.Army pension, reported to have been only $13,507.72 a year. Congress, noting that he was paying for his stamps and personally licking them, granted him an ‘allowance’ and, later, a retroactive pension of $25,000 per year.
When offered corporate positions at large salaries, he declined, stating, ‘You don’t want me. You want the office of the president, and that doesn’t belong to me. It belongs to the American people and it’s not for sale.’
Even later, on May 6, 1971, when Congress was preparing to award him the Medal of Honor on his 87th birthday, he refused to accept it, writing, ‘I don’t consider that I have done anything which should be the reason for any award, Congressional or otherwise.’
We now see that other past presidents, have found a new level of success in cashing in on the presidency, resulting in untold wealth. Today, many in Congress also have found a way to become quite wealthy while enjoying the fruits of their offices. Obviously, political offices are now for sale.
Good old Harry Truman could have been correct when he observed, ‘My choice early in life was either to be a piano player in a whorehouse or a politician. And to tell the truth, there’s hardly any difference. I, for one, believe the piano player job to be much more honorable than current politicians.’
‘It doesn’t matter how big a ranch ya’ own, or how many cows ya’ brand, the size of your funeral is still gonna depend on the weather.’ – Harry Truman.
……………………………………….
After President Truman retired from office in 1952, he was left with an income consisting of basically just a U.S.Army pension, reported to have been only $13,507.72 a year. Congress, noting that he was paying for his stamps and personally licking them, granted him an ‘allowance’ and, later, a retroactive pension of $25,000 per year.
When offered corporate positions at large salaries, he declined, stating, ‘You don’t want me. You want the office of the president, and that doesn’t belong to me. It belongs to the American people and it’s not for sale.’
Even later, on May 6, 1971, when Congress was preparing to award him the Medal of Honor on his 87th birthday, he refused to accept it, writing, ‘I don’t consider that I have done anything which should be the reason for any award, Congressional or otherwise.’
We now see that other past presidents, have found a new level of success in cashing in on the presidency, resulting in untold wealth. Today, many in Congress also have found a way to become quite wealthy while enjoying the fruits of their offices. Obviously, political offices are now for sale.
Good old Harry Truman could have been correct when he observed, ‘My choice early in life was either to be a piano player in a whorehouse or a politician. And to tell the truth, there’s hardly any difference. I, for one, believe the piano player job to be much more honorable than current politicians.’
WAKE UP nobody important… AND GET YOUR Get Your Facts Straight.
Given AIG’s recent collapse, Graham’s timing is nothing if not lousy. Because of the sham deal, AIG’s longtime CEO Hank Greenberg was forced to resign in 2005. Prosecutors said in court that Greenberg initiated the deal, though he was never charged. After AIG agreed to pay $1.6 billion to settle state and federal investigations into the fake deal, the company’s stock plummeted. Now, amid the financial crisis, U.S. taxpayers have had to bail out AIG with $122.8 billion in loans while AIG execs are being grilled in congressional hearings.
complaints with state insurance departments
Posted On: November 10, 2008, 8:03 pm CST
Posted By:
Comment:
GIVE US$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Posted On: January 4, 2008, 12:44 pm CST
Posted By:
Comment:
When there’s a disaster, the companies homeowners count on to protect them from financial ruin routinely pay less than what policies promise. Insurers often pay 30-60 percent of the cost of rebuilding a damaged home–even when carriers assure homeowners they’re fully covered, thousands of complaints with state insurance departments and civil court cases show.
Paying out less to victims of catastrophes has helped produce record profits. In the past 12 years, insurance company net income has soared–even in the wake of Hurricane Katrina, the worst natural disaster in U.S. history. Property- casualty insurers, which cover damage to homes and cars, reported their highest- ever profit of $73 billion last year, up 49 percent from $49 billion in 2005, according to Highline Data LLC, a Cambridge, Massachusetts-based firm that compiles insurance industry data.
The 60 million U.S. homeowners who pay more than $50 billion a year in insurance premiums are often disappointed when they discover insurers won’t pay the full cost of rebuilding their damaged or destroyed homes. Property insurers systematically deny and reduce their policyholders’ claims, according to court records in California, Florida, Illinois, Mississippi, New Hampshire and Tennessee. The insurance companies routinely refuse to pay market prices for homes and replacement contents, they use computer programs to cut payouts, they change policy coverage with no clear explanation, they ignore or alter engineering reports.
Subject Posted By Posted On
complaints with state insurance departments
clipper, you ask, “But how long has this person being working at the insuranse company? Was that the only transaction he has ever done? what other deals and communication took place during his tenure at his company that he was a part of?”
How is any of that relevant to THIS case?
You are correct most of us who work everyday, and have families don’t understand all the facts of these cases. We simply are not close enough to these corps, or have time to do the research. But facts really don’t matter, because as some of you point out the crazies have taken over the asylum. I don’t for one minute believe anyone associated with any of these schemes will do credible time. Why, because the people who would prosecute them have too much of their own dirty laundry. They don’t want to see honesty become a trend!
Melanie posts on here often because she had a claim turned down. Why I don’t know, but her incessant rants about the insurance industry have no basis in fact. Her rants have a seriously unbalanced tone. Get off my back. Her rant has nothing to do with the topic and has everything to do with her nut case rants.
A monkey could crawl out of my ***.
Never gonna happen, prediction, they’ll all walk, I think those clowns could take down congress, AIG failed because it invested in congressionally sanctioned federal loan policy.
So what is this law & 500 million bucks & what about all those banks that have lost more than 500 million bucks to institutionalized loan fraud?
Steal $50 and get 5 years. Steal $500,000,000 and get house arrest or a sharp rebuke. Seems equitable to me. It’s hard to prosecute people who can afford real attorneys. The lesson is, steal enough to afford a real attorney or two.