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Post by Clipper on Nov 5, 2008 14:36:42 GMT -5
/Well, I am not taking sides in your discussion with Golden. You are both my friends. I simply saw the discussion going nowhere and possibly escalating to a point of causing hard feelings between the two of you.
As far as what is appropriate to post on the forum. That matter is not for me to judge as long as it doesn't violate the rules of the forum.
Unless you both see some sort of future in carrying on the discourse between you, the best thing to do is probably to just drop the subject in the interest of maintaining a civil attitude on the board. If you need to continue the discussion between you, it might be prudent to take it to the PM feature and address each other on an individual level.
Respectfully yours, Clipper
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Post by lilbump1980 on Nov 5, 2008 15:05:18 GMT -5
OH NO i would never ask to take sides Silly... We are all grown adults.. We are all intiteled to our own views and opinons... I would never get mad at what someone put and I just hope you all don't I didnt want to offend anyone.. that is NEVER my intention I just dont want anyone to think I am mean... that's all
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Post by Clipper on Nov 5, 2008 16:12:37 GMT -5
Heck Lilbump, we weren't getting mad at anyone. I simply wanted to prevent you and Golden from getting mad at each other, haha. We all still love ya!  |
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Post by lilbump1980 on Nov 5, 2008 16:14:59 GMT -5
Oh no I would never get mad, I am just a worry wart.. i always think people are mad at me.. even if i dont say anything.. hehe =)
I love you all too!
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Post by Deleted on Nov 5, 2008 19:31:26 GMT -5
The insurance industry in this country is in deep trouble. All the major companies have major exposure in the mortgage market for writing policies for brokerage houses to cover bad debt caused by credit defaults in the mortgage industry. The insurance industry must ante up billions & billions of dollars for these policies that they have written. It's a bubble waiting to burst. That's why Paulson wants to use some of the bailout money to shore up the insurance industry. He has to. For instance, there are millions of people in this country that own annuties bought from insurance companies. If say, Allstate Insurance goes belly up, & you own an annuity bought from them, you can kiss your money goodbye. Annuities aren't FDIC insured, so you're out of luck. The government can't or won't let millions of people lose there life savings. It would be an economic disaster. So, look for Paulson soon to start handing out money to all the major players in the insurance industry. I'm not saying that this is the cause of the local layoffs, but all insurance companies are taking a real close at there bottom line. Unfortunately, that usually means layoffs.
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Post by golden on Nov 5, 2008 19:45:44 GMT -5
Yes I do realize it.. But I also think that you should not be posting company info like losing contracts. and things that happen on a forum. That is very Inappropriate. It was posted on www.syracuse.com months ago as well as a Rochester news station. I am not trying to be argumentative I have just been stating some Facts. Hoping some reality will set in. Kracker you are on the money! |
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Post by Deleted on Nov 5, 2008 19:51:51 GMT -5
Well, I'm damn glad that I don't own an annuity. Can you imagine putting your life savings into something that can one day not be worth the paper it's printed on? And the fees to even buy & hold one of the damn things are outrageous.
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Post by stoney on Nov 5, 2008 20:01:11 GMT -5
Not for nothing, but anybody should know that Annuities are not worth anything.
Hell, you're better off is a lousy Money Market.
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Post by Deleted on Nov 5, 2008 20:06:06 GMT -5
Well, there worth what you put it in. They don't just give money away. The high fees are where the problem is. Annuities aren't bought. They're sold.
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Post by stoney on Nov 5, 2008 20:15:59 GMT -5
Lol! What drug are you on & can I have some?
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Post by dgriffin on Nov 5, 2008 22:24:57 GMT -5
The insurance industry must ante up billions & billions of dollars for these policies that they have written. It's a bubble waiting to burst. So, I guess that will push up my auto and home insurance premiums, like every time there's a hurricane? I'm getting screwed. But wait! Here in New York, we have the New York State Insurance Department to take care of us. |
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Post by Clipper on Nov 5, 2008 22:33:22 GMT -5
The insurance industry should be regulated as to how they cover high risk investments. I am a believer that with the hurricanes, mudslides, earthquakes and such, coverage should be a ONE TIME deal. If you insist on rebuilding your million dollar home on a beach in a hurricane zone, or want to live on a side hill in California, where fires and mudslides happen annually, WE should not have to pay for your stupidity and repeated rebuilding.
Insuring those bad mortgage loans was even more stupid than the bank's approving the loans to begin with. It was like sticking meat in a meat grinder with your bare fingers, and hoping you don't lose a finger. Where the hell is their brains? I know where their brains were. They were insuring their high dollar business comrades at the expense of us working class fools, just like they always have and always will until government steps in and regulates it.
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Post by Clipper on Nov 5, 2008 22:37:45 GMT -5
Damn, sure isn't any love in the air tonight. Must be a full moon! Let's play nice kids. Keep it civil.
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Post by Ralph on Nov 6, 2008 3:16:05 GMT -5
Hehehe......... The problem is that you have people making little money thinking they can buy big. Speculators building "big" houses (that are really worthless) cheap. Mortgage companies offering super low startup rates on floating mortgages to the same people that make little money and shouldn't be looking at those "big, cheap" houses to begin with, but they buy one....and what do they furnish it with? Their credit card of course! Ahhhhhh......then the insurance.......on the house, cars (which of course cost more than and are worth less than the damn house) life, etc., etc. Of course somewhere in the midst of all this there is "someone" who is making out. No, it's not the former CEO's of the now defunct companies that made all those worthless loans, but the folks that are buying up all of the US's worthless debt paper that when we/they/us default on it will own whatever is left. Can you guess "who" that is? Why, it's the same lovely people that have been bringing you and the rest of the world those wonderful melamine additives in your favorite food products........................ China. 
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Post by lilbump1980 on Nov 6, 2008 9:31:13 GMT -5
Golden. I did not realize it was on www.syracuse.com/// However I went looking for it on that site to see what it said, if you come across it i would love to read it. However, I am very satisfied in my thoughts that we in Utica will NOT lay off.. Thanks for the info though.. And I know you are not trying to be argumentative.. this is a forum, thoughts and facts are always welcome along with ideas, and feelings. |
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