Insurance companies angle for bailout

re: Insurance companies angle for bailout

a simple guy from CA — Sun, 01 Feb 2009 06:35:51 GMT

if Bailout is given then there is hole in the US Gov balance sheet, tax payer wil need to fill in the hole.

If Insurance Co collapse then they cant pay claims, therefore cant pay contractor or repair or hospitals or nurses/doctors, which stops economy even faster. Their stocks become $0. Their investors loose money and dont have money to spend which will halt the economy.

US is too much heavily involved with "virtual money" such as stocks... when the stocks becomes $0, everything collapses. If however alll stocks company is converted to private company, they will be on their own, and less affect on the national wealth.

Greed is the most problematic in this stocks industries.

re: Insurance companies angle for bailout

pissedoff — Sat, 10 Jan 2009 05:48:57 GMT

CHINA WILL OWN AND RUN THE u.s.a. soon. The Bush family will oversee everything, Clintons will be on their knees begging to get some. BO will smell bad like he does now, i'm ready to move anywhere but the once USA, now ASU- Always Suckered Under. Thanks to all the AS_S out there, remember this Judgment Day is soon!!!!!!

re: Insurance companies angle for bailout

Goingbroke — Sat, 10 Jan 2009 05:09:21 GMT

I'd just like to say that I would also like a piece of the pie. I work 40-50 hours a week, and so does my wife. We have great jobs, and are able to support three children.. I guess what i'm getting at is that everyone should have a 3.5% mortgage rate (fixed) Money does not even cost that !! Banks will profit. Second Is that all American people should get $10,000 each.( spend it the way you want). and for all these companies looking for a handout- you'll get it when we spend are cash. and for WALL STREET, you owe me like everone else, so quit your crying and belly up.. I sure hope BO get shit straight, because Bush fell of the wagon years ago. Now for the WAR in Iraq. We Americans will be soon fighting each other if we keep spending that $$$ to blow up shit one day, and hire people to rebuild it the next day. (END THE WAR)

re: Insurance companies angle for bailout

Jack — Sat, 10 Jan 2009 01:29:15 GMT

Quite frankly, we, the people, created the mess we are in by too much dependence on credit, not living within our means, letting businesses have too much of our money, and showing too much loyalty to just one political party (dosen't matter which one). The way out is for us to learn how to hang on to our money, and not let it go so easily.

re: Insurance companies angle for bailout

Rich — Wed, 24 Dec 2008 00:32:31 GMT

Bottom line is that our elected officials in Washington DC and elsewhere don't get it! None of them, not even the newly elected ones. The Taxpayers are the Federal Government and State and Local Governments as well. GM needs to go down along with all the other poorly run companies! Boards of Directors beware as you have breeched your fiduciary duties. I am all for a Capitalist Society where people are paid based upon results. Great results equals’ great pay, poor results equal poor pay and NO bonus. It is complex and yet really simple. All we have lacked in our leaders is honesty and integrity. The business of running the business isn’t that complex! I’d invite comments?

re: Insurance companies angle for bailout

ekulba1 — Wed, 26 Nov 2008 23:47:28 GMT

Greed has done us all in. Greed from the housing industry, the mortgage industry, the financial iindustry, the banking industry and the oil industry.

Will the stockholders in all these industries finally stand up and say "NO" to excessive salaries and bonuses and "Golden Parachute" clauses. The exec at the

very top is only as good as the people below him. They make him look good or bad. Instead of giving out excessive bonuses to a few at the top, spread the wealth with profit-sharing amongst all employees.

As for the auto industry - you killed yourself. You just keep on churning out vehicles that are pricing themselves out of today's market. The time has come and

gone for the unions. We don't need all the bells and whistles you keep adding to

the vehicles and driving up prices. How can anyone today afford to buy both a

new car and a house.

When we finally hit bottom with all of this it will be time for some major changes.

In the mean time, everyone tighten your belts for the lean years to come.

re: Insurance companies angle for bailout

mad — Tue, 25 Nov 2008 06:19:12 GMT

Let's bail out the insurance companies why not they spend years taking premiums from you and when you get sick and cap out your insurance maybe they can pay for your needed care. I have an uncle worked 35year was an electriton put his money back paid his insurance was part of a union, had a heart attack capped out his insurance and his savings had to file bankruptcy. So let's bail those creeps out too maybe they can screw over a few more working americans and take their premiums but not pay for the care. Why aren't we angry?

re: Insurance companies angle for bailout

Ron — Fri, 21 Nov 2008 19:30:40 GMT

congress has pomises us strict oversight of the bailouts. So why have they not made any appointments to the oversight commitee as of yet!! Who is guarding the hen coop? Answer: the foxes.......

re: Insurance companies angle for bailout

Bob Marley — Thu, 20 Nov 2008 15:28:56 GMT

Time to legalize marijuana and tax it, then we will get out of debt, or at least not give a damn......lol

re: Insurance companies angle for bailout

Mike — Thu, 20 Nov 2008 13:34:12 GMT

So, the people can't keep up with inflation and cause this "meltdown". So lets make sure all our businesses are shored up and ready to do business with the people. You know, the same people that couldn't pay and "caused" this problem in the first place. Now....I'm no rocket scientist, but, if the people couldn't pay before the bailout, how will they pay after the bailout....how does it really help? None of this "help" has released any burden from the people. Seems like the WORST case of taxation without representation to me. Tea anyone?