Why The Hartford Took a Hit on Wall Street

October 6, 2008

  • October 7, 2008 at 3:03 am
    Underryder says:
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    If you truly believe this is a party line issue, you both are drinking the cool aid. The parties are merely a distraction for the average citizen. Both are so far removed from their roots its ridiculous. The R’s and the D’s are both self-serving. Remember there are other options than the elephant and donkey.

  • October 7, 2008 at 3:14 am
    Grammar Police says:
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    Couldn’t agree with you more. Though I personally think the donkey is the lesser of the two evils, I truly wish for a better alternative.

    BTW – it’s Kool Aid, not Cool Aid (LOL).

  • October 7, 2008 at 3:16 am
    nobody important says:
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    Mike’s post is clueless, but his uninformed opinion is the majority opinion these days. The vast majority of potential voters seem to think that because they hate Bush that he and the Republicans are responsible for anything and everything. It certainly doesn’t take extensive research to see that the Democrats are just as guilty of malfeasance, if not more, than the Republicans. The majority seems to just take whatever garbage the Democrats and major networks pass along as gospel and don’t use common sense. Just to start, if the indivdual who runs the committee that is supposed to supervise banks is in their pocket, it’s not honest. Do a little honest looking at the facts Mike.

  • October 7, 2008 at 4:16 am
    not Mike says:
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    Mike, so what you are saying is that the 90’s were due to the Republicans, and not Clinton – because the Repubs dominated Congress in the 90’s too. That said, the key point of your post is that the Repubs controlled Congress up until 2006. Well, GIVE ME 2006 BACK !!! I’LL TAKE IT !!! The Dems have been in control since then – in fact, it was 2006 when McCain and other Repubs stood up and warned against this – But FRANK and his Dem Buddies kept their heads where the sun don’t shine, and kept their hands out to lobbyists!!!

  • October 7, 2008 at 4:18 am
    Pud says:
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    Corporate greed is corporate greed. Ramani Ayer cashed in I believe 7.6 million dollars stock earlier in the year.You can’t tell me this man didn’t see this coming!
    These and other management are there to anticipate 5-10 years ahead of the present to keep the companies a float.
    It’s a shame to see such a company with a history of 100 better years of service be flushed down the toilet in the flicker of a light bulb
    Then the roller coaster affect.
    The reason the markets are the way they are is because of greed.I really can’t understand why The National Association Realtors and Mortgage Brokers are not being held accountable for this problem.
    They were the one’s that led the less intelligent to take out mortgages for more than they could afford,did not tell them what an ARM was or that local taxes and appraisals cause increases in monthly payments.
    This country relies on credit to much.I save my money when I want to buy something and live within my means.If i can’t afford something I want I don’t apply for credit and finance it.To many Americans have been programmed that this is the way to realize the American dream.
    Now the banks should also be held responsible.Tell me how many of you do not receive a half dozen credit card offers in the mail each week,if not,each month!
    This entire BS is brought about Insurance Companies CEO’s and CFO’s pulling these stock bonuses twice each year and they crying wolf.

  • October 7, 2008 at 4:19 am
    down, down, down says:
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    and while all of you are bickering, my Cincinnati stock is sinking to 20 dollars. Who is going to buy them, and give me the $40 that it should be worth?

  • October 7, 2008 at 5:38 am
    Pud says:
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    and that doesn’t bother you so you’re not mentioning it right?

  • October 7, 2008 at 5:41 am
    Pud says:
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    Oh I forgot to say:You need to hold on to them for the long haul!
    Don’t worry they have lost 50% they’ll come back,really.
    Read the fine print of your portfolio!
    A pig is a pig is a pig!

  • October 7, 2008 at 6:04 am
    State Insurer says:
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    And could somebody tell me HOW Old Republic is still A+?

  • October 7, 2008 at 6:26 am
    pud says:
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    Their rating with A.M.Best was B++. this is quite remarkable considering they are falling on their butts this week.
    Somebody was withholding information as usual.



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