Is there more to this story? How can an investor lose his home and/or file bankruptcy, solely as a result of the investment’s losses, unless the investor ACTED GREEDILY BY BETTING TOO MUCH MONEY?
I think they deserve a bailout. Firemans’ fund…jim cramer…what’s the difference? They took investment advice and failed. How could you possibly hold them accountable for their own actions? Perhaps i should extend the tarp to accomodate these poor folks and give them a bailout. …maybe even throw in a Chevy Volt and a Citi/BOA credit card for punative damages.
When I started with FFIC we had a Personnel Dept. which eventually became Human Resources. Once H.R. established themselves they became to inroad into the mission plan and began to increase their self importance towards the companies profitability. For the most part, these people couldn’t spell insurance and had no knowledge of the business but they talked the talk but couldn’t walk the walk. This was a company of 15,000 and now is about 4,200 strong. The company is over a 100 years old and still hasn’t decided what it wants to be when it grows up. The word used most at FFIC is “change” because they change CEO.s and direction every 2-3 years. FFIC is a ship out to sea with no known destination. Captains are thrown overboard at will and a new course is set to another unknown port. Part of their problem is that they cannot attract their best talent to their hqters because of their expensive location in N. Calif. H.R. wants to assert themselves into a dynamic internal profit center which as only really given top management extremely poor advise concern their employees and retired employees by cutting benefits and not keeping promises made for retirees. I would not recommend any young person to join this company if they plan to make a career in the insurance field. Join a company that is growing, one that understands its mission and can execute its business plan, one that offers a long and satisfying career in the insurance field and one that honors their employees and retirees.
Is there more to this story? How can an investor lose his home and/or file bankruptcy, solely as a result of the investment’s losses, unless the investor ACTED GREEDILY BY BETTING TOO MUCH MONEY?
Couldn’t possibly be the investor’s fault.
I guess it just goes to show that someone will blame the employer/deep pocket for their own poor life choices.
While I feel sorry for these 46 people, it’s not as if their employer forced them to invest with the advisor.
What they are asking their employer to do is make them whole for the fraudulent acts of a 3rd party, to which FF had no direct relationship.
I think they deserve a bailout. Firemans’ fund…jim cramer…what’s the difference? They took investment advice and failed. How could you possibly hold them accountable for their own actions? Perhaps i should extend the tarp to accomodate these poor folks and give them a bailout. …maybe even throw in a Chevy Volt and a Citi/BOA credit card for punative damages.
Your boy,
Tim
When I started with FFIC we had a Personnel Dept. which eventually became Human Resources. Once H.R. established themselves they became to inroad into the mission plan and began to increase their self importance towards the companies profitability. For the most part, these people couldn’t spell insurance and had no knowledge of the business but they talked the talk but couldn’t walk the walk. This was a company of 15,000 and now is about 4,200 strong. The company is over a 100 years old and still hasn’t decided what it wants to be when it grows up. The word used most at FFIC is “change” because they change CEO.s and direction every 2-3 years. FFIC is a ship out to sea with no known destination. Captains are thrown overboard at will and a new course is set to another unknown port. Part of their problem is that they cannot attract their best talent to their hqters because of their expensive location in N. Calif. H.R. wants to assert themselves into a dynamic internal profit center which as only really given top management extremely poor advise concern their employees and retired employees by cutting benefits and not keeping promises made for retirees. I would not recommend any young person to join this company if they plan to make a career in the insurance field. Join a company that is growing, one that understands its mission and can execute its business plan, one that offers a long and satisfying career in the insurance field and one that honors their employees and retirees.