Hartford, Prudential Among Life Insurers Approved for Treasury Funds

May 15, 2009

  • May 15, 2009 at 10:45 am
    matt says:
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    Can someone explain why a non-bank should be able to magically call itself a bank and grab a few billion dollars from our treasury?

    This is like me waking up tomorrow, saying I’m a native american and I no longer have to pay any taxes. Or putting on a tiara and calling myself Mrs.

    In other words NOT REALITY

    Life Insurers…. that’s right say those words again LIFE INSURERS…. get this…. ARE NOT BANKS

    We should vote every last incumbent critter out of what used to be Congress

  • May 15, 2009 at 12:09 pm
    Boondoggle says:
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    Life insurer’s needing government capital infusions?

    Historically, life insurers have epitomized the true meaning of fiduciary
    integrity.

    What happened to the concept of responsible surplus asset management?

    Any life insurer receiving government welfare should be prohibited from writing ANY new business, as the mere suggestion of reserve insolvency should in itself demonstrate the ethical incapability of necessary trust.

  • May 15, 2009 at 1:05 am
    Former Status Quo says:
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    Just think though, if you buy a policy from the Hartford now then it is guaranteed by the government. Your family is set if you croak!

    As much as it would pain me to see a cornerstone company like the Hartford fold like the house of cards it is, this is truly an outrage. They need to sell the P&C and fold. By giving these companies access to capital it only further’s the Democrats desire to come up with some Federal regulator of insurance companies because we are inept in managing our balance sheets. The mistakes of the few become the burdens to the majority.

  • May 15, 2009 at 1:22 am
    Bill says:
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    This is all the evidence I was right when I stoped writing coverage through the Hartford. This company is a company who lost their focus and purpose about 15 years ago.

  • May 15, 2009 at 4:56 am
    Civil War says:
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    I can’t wait until we all get fed up enough and start taking back our country from politicians. I don’t blame the Companies asking for money, but I blame our government for giving it to them. If blood is shed, I hope our military takes the people’s side and not the politicians.

  • May 17, 2009 at 10:33 am
    Steve says:
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    It’s a shame that we blindly feel the need to prop up these companies and pay for their very existance. How fair is this to the other markets out there who are doing all they can to write business, only to see their competitor get TARP money to make up for their past mistakes?

    Wow….Shame on you Hartford. And shame on the govenment to allow this to happen.



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