2 thoughts on “First Obama F*cked us, now the unkindest cut of ALL.”
Treasury is beginning to look like Wal-Mart on pay day.
I find it very sad that ALL has had to come “hat in hand” to the Feds. As a former employee I recall a company that was very conservative in their investment portfolio. It served the company well.
I believe the current leadership allowed the Life company to venture away from core principles. Mr. Wilson was president of the Life company and he has to be held accountable for the current situation.
How times have changed. P&C insurers got into the financial services business to provide “guaranteed” profits for the P&C operation. However, in my view, greed took over the and the investment folks found creative investment vehicles which have turned sour.
Treasury is beginning to look like Wal-Mart on pay day.
I find it very sad that ALL has had to come “hat in hand” to the Feds. As a former employee I recall a company that was very conservative in their investment portfolio. It served the company well.
I believe the current leadership allowed the Life company to venture away from core principles. Mr. Wilson was president of the Life company and he has to be held accountable for the current situation.
How times have changed. P&C insurers got into the financial services business to provide “guaranteed” profits for the P&C operation. However, in my view, greed took over the and the investment folks found creative investment vehicles which have turned sour.
SAD!