“”The thing that is interesting to me is that from a count perspective, if we look at approximately 3,000 companies in the property and casualty insurance industry, from the perspective of sheer count of companies, the overwhelming majority – probably north of 85 percent of the companies – are absolutely fine, and this meltdown in the equity markets, it really isn’t hurting them,” Petrelli said.”
so if 15% are failing, why not let them fall. why keep giving bailout money? this is getting ridiculous. how come us as a taxpayer are not speaking out to stop this trend? how much debt are we going to be in? we are allowing are kids to take on this debt – with no end in sight. no balance budget.
Small businesses are going under at an alarming rate. Where is their bailout?
Why does Hartford have any right to $3.4 billion of public funding?
Was it true that they would have been forced to sell an operating unit if they hadn’t received this money? If so, isn’t that an indication that they simply could not compete in the marketplace?
What tenet of capitalism states that it is wise to use public money to bouy uncompetitive firms?
What amazes me is we just let an insurance company buy a troubled bank and shazam then give them 3.4 billion. I sure would like to buy a bank myself and get 3.4 billion. What are our lawmakers thinking or not thinking with all this shennigans going on? I think everyone can answer this question but them! No wonder our country is in a financial mess with leaders like this!
Hartford gets help from Allianz and now TARP. What happened to this company. One thing for certain, whomever they hired as a personal lines product manager for California should be canned. Hartford has not been a viable product for years. They have a week marketing department and no clue what their competitors are doing or choose to stand still while they get their market share ripped off. Losers. Who wants to insure with a TARP insurer. This is a temporary fix folks….Hartford is tainted and starting to smell like AIG. Weak and a flight to quality will occur to Travelers, Nationwide Allied and a few other stronger companies
Isn’t it interested that Mr Wolin, former President and COO of Hartford Fin Srv, was voted in as as the new Deputy to the Treasurey and now the big bucks start rolling out to his former company.
Just another case of rewarding mismanagement!! Isn’t it time for another “tea party” or just go to the polls and vote these out of touch idiots out of office…all of them.
This is beyond out of hand and in the end will hurt us all, not just the poorly run companies. Isn’t it great everyone voted for change and how much change there has been from Bailout Bush to Pile it on Obama, its time for a real new CONSERVATIVE Party!!! Lets throw ALL of them out!
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First you control the banks than you go after the insurance companies
I think history is repeating it’s self again didn’t some do the same thing in the 1930s
What happens when china wants it’s money back will china than own our companies
according to another article:
“”The thing that is interesting to me is that from a count perspective, if we look at approximately 3,000 companies in the property and casualty insurance industry, from the perspective of sheer count of companies, the overwhelming majority – probably north of 85 percent of the companies – are absolutely fine, and this meltdown in the equity markets, it really isn’t hurting them,” Petrelli said.”
so if 15% are failing, why not let them fall. why keep giving bailout money? this is getting ridiculous. how come us as a taxpayer are not speaking out to stop this trend? how much debt are we going to be in? we are allowing are kids to take on this debt – with no end in sight. no balance budget.
Small businesses are going under at an alarming rate. Where is their bailout?
Why does Hartford have any right to $3.4 billion of public funding?
Was it true that they would have been forced to sell an operating unit if they hadn’t received this money? If so, isn’t that an indication that they simply could not compete in the marketplace?
What tenet of capitalism states that it is wise to use public money to bouy uncompetitive firms?
What amazes me is we just let an insurance company buy a troubled bank and shazam then give them 3.4 billion. I sure would like to buy a bank myself and get 3.4 billion. What are our lawmakers thinking or not thinking with all this shennigans going on? I think everyone can answer this question but them! No wonder our country is in a financial mess with leaders like this!
Hartford gets help from Allianz and now TARP. What happened to this company. One thing for certain, whomever they hired as a personal lines product manager for California should be canned. Hartford has not been a viable product for years. They have a week marketing department and no clue what their competitors are doing or choose to stand still while they get their market share ripped off. Losers. Who wants to insure with a TARP insurer. This is a temporary fix folks….Hartford is tainted and starting to smell like AIG. Weak and a flight to quality will occur to Travelers, Nationwide Allied and a few other stronger companies
Isn’t it interested that Mr Wolin, former President and COO of Hartford Fin Srv, was voted in as as the new Deputy to the Treasurey and now the big bucks start rolling out to his former company.
Sounds like a fox in the hen house to me.
Just another case of rewarding mismanagement!! Isn’t it time for another “tea party” or just go to the polls and vote these out of touch idiots out of office…all of them.
So do we get a medal or something for saving all of these crappy institutions?
What if we all decided to stop paying taxes at the same time? Maybe then they would listen. Obama and the donkey clan need to go.
This is beyond out of hand and in the end will hurt us all, not just the poorly run companies. Isn’t it great everyone voted for change and how much change there has been from Bailout Bush to Pile it on Obama, its time for a real new CONSERVATIVE Party!!! Lets throw ALL of them out!
No kidding! Here we go again. Throwing our next generation’s money to another company that couldn’t run itself properly.
Shame, shame, shame.