How To Avoid a Botched Insurance Bailout

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soundtracks of AL 7:12AM July 17, 2009

FYI - MetLife has rejected government bailout funds, and paid a dividend. They have a significant cash reserve.

Dirk Steinman of TX 7:40AM May 04, 2009

What is remarkable that once solely only life insurance companies, like Met Life
and Prudential, were allowed to leverage the life insurance accounts so as to engage
in "Bad Bets" ventures. The life insurance accounts are inviolate, but the why for this bailout is a Big Secret, as well as all the other bailouts.
The supposed need for bailouts is not the need for liquidity in the pure sense,
but to stave capital loss for having issued bogus securities that held a guarantee
for reimbursement. The bailouts are to replenish the purses for having to anted up
the bogus securities issued.
Where did the proceeds of the bogus securities go. I wondered why, beginning in
the mid 1990s, how private equity and hedge fund outfits were able to amass
more than a trillion in funds to take public firms private. Examples: Golden State
Holdings, Blackstone Group, Alliance Bernstein, Appollo Mgt. and on and on.
There should be a thousand forensic auditors, rather than Neil Barofsky, examining
in minute detail, how the "Bad Bets" came about, and where the bailout funds went.

Old-timer Democrat of NY 8:34PM April 09, 2009