Met, Pru and NYL may need bailout as well

HomeService · 10-27-2008, 11:26 AM

Seems kind of like AIG gets the short stick- as far as "negative press" goes. Now I find this little blurb... may be the case that other giants need a bailout as well, but they do not get all the press that AIG does...

More Insurance Giants May Dip Into Bailout Fund, Report Says

xrac · 10-28-2008, 08:33 AM

This post was by MA on Topgunproducers.com. Evidentally NYL can be ommitted as needing any bailout.

[COLOR=#810081]http://online.wsj.com/article/SB1224872 ... 08_mostpop[/COLOR]

From the article:

On Sunday, a spokesman for New York Life Insurance Co., one of the highest-rated insurers in the U.S., said, "The Treasury has asked the life-insurance industry for help in developing solutions for strengthening the financial system. We agreed to work with other industry leaders and Treasury so we could play a constructive role in helping shape this important discussion." He said the insurer, which is mutually owned, doesn't require additional capital and has "not made any decision to accept capital, if offered."

CHUMPS FROM OXFORD · 10-28-2008, 09:13 AM

Ditto Met. They're looking to pick up a few scraps in the next few months.

HomeService · 10-29-2008, 12:09 AM

Well,then, I guess whomever it was who wrote this article, does not know what in the heck they are talking about- I guess.

CHUMPS FROM OXFORD · 10-29-2008, 06:52 AM

You may not realize that a lot of writers don't know what they are talking about. Opinion and fact often get blurred.

One day, someone says that a company is rich in cash and poised for a huge stock price. appreciation. The next day, someone is digging that company's grave.

Welcome to Journalism 101.

HomeService · 10-29-2008, 12:24 PM

I would agree people do not know what they are talking about-- when it comes to palin's dress code. but when talking billions- of my money: it should be different.

CHUMPS FROM OXFORD · 10-29-2008, 01:42 PM

Yes, it should be different. But sometimes (not all of the time) it isn't.

Winter · 10-29-2008, 01:51 PM

Originally Posted by CHUMPS FROM OXFORD

You may not realize that a lot of writers don't know what they are talking about. Opinion and fact often get blurred.

One day, someone says that a company is rich in cash and poised for a huge stock price. appreciation. The next day, someone is digging that company's grave.

Welcome to Journalism 101.

Lot of shortsellers around too, trying to damage a stocks value.