I am glad to see that some one has been responsible, Yes we can all maybe get bailed out by the govt. I wrote my letter and sent it to Washington and am awaiting my bail out check too.
Maybe the better thing to do then to be bailing out the companies is to give companies tax credits. Those that survive will those that dont wont. Never the less this is good news to see that some companies are responsible and dont need a hand out. I guess we will all be in the car business soon to.
Why didn’t these companies use the famous lines that AIG and others begging for a bailout used? You know, “if we don’t get a bailout, the entire economy/world/American way of life will collapse!!” “think of all the widows and orphans who will suffer!” “anyone opposed to a bailout of us hates children and puppies and sets flowers on fire!” “this isn’t a ‘bailout,’this is an investment for the taxpayers.”
This shows the difference between a life company and a P & C company. The economy may have effected their investments but unless there is major increase in deaths their claims remain stable. In fact with improved medicine and medical treatments, people are living longer so their claim rate will actually be lower.
With the new disclosures of it’s subsidiaries losing over $3 Billion in the Madoff scandal, Mass Mutual may need to rethink it’s need for government aid.
The Mass Mutual parent company is cleverly trying to distance itself from it’s subsidiaries legal exposure to duped investors. May be time to pull all cash values out of Mass Mutual before they seek the only aid now available to them–bankruptcy proceedings.
C smith. You need to re-evaluate your facts. Where is your source for 3 billion in losses? I will give you the benefit of the doubt. Even if the 3 billion in total losses went through it’s only 3% the GIA 98 billion Mass is sitting on. Pretty immaterial in the long run.
Considering many institutions are nearing insolvency even with bailout money I wonder where you would put your money if you pulled out of MassMutual? If you want certainty then you stick with the guarantees they offer. They are very well positioned and maintain their AAA status despite the turmoil.
I am glad to see that some one has been responsible, Yes we can all maybe get bailed out by the govt. I wrote my letter and sent it to Washington and am awaiting my bail out check too.
Maybe the better thing to do then to be bailing out the companies is to give companies tax credits. Those that survive will those that dont wont. Never the less this is good news to see that some companies are responsible and dont need a hand out. I guess we will all be in the car business soon to.
Why didn’t these companies use the famous lines that AIG and others begging for a bailout used? You know, “if we don’t get a bailout, the entire economy/world/American way of life will collapse!!” “think of all the widows and orphans who will suffer!” “anyone opposed to a bailout of us hates children and puppies and sets flowers on fire!” “this isn’t a ‘bailout,’this is an investment for the taxpayers.”
This shows the difference between a life company and a P & C company. The economy may have effected their investments but unless there is major increase in deaths their claims remain stable. In fact with improved medicine and medical treatments, people are living longer so their claim rate will actually be lower.
With the new disclosures of it’s subsidiaries losing over $3 Billion in the Madoff scandal, Mass Mutual may need to rethink it’s need for government aid.
The Mass Mutual parent company is cleverly trying to distance itself from it’s subsidiaries legal exposure to duped investors. May be time to pull all cash values out of Mass Mutual before they seek the only aid now available to them–bankruptcy proceedings.
C smith. You need to re-evaluate your facts. Where is your source for 3 billion in losses? I will give you the benefit of the doubt. Even if the 3 billion in total losses went through it’s only 3% the GIA 98 billion Mass is sitting on. Pretty immaterial in the long run.
Considering many institutions are nearing insolvency even with bailout money I wonder where you would put your money if you pulled out of MassMutual? If you want certainty then you stick with the guarantees they offer. They are very well positioned and maintain their AAA status despite the turmoil.