Insurers Give Up as Investors WSJ

[oldye]

http://online.wsj.com/article/SB10001424052748703416204575146041482391722.html

 

This is great, its like the industry saying "We screwed up royally by reaching for yield and taking risks we didn't understand so now we're going to pay a bunch of advisers to gamble with policyholder money because we're totally incompetent"

[Guest longinvestor]

http://online.wsj.com/article/SB10001424052748703416204575146041482391722.html

 

This is great, its like the industry saying "We screwed up royally by reaching for yield and taking risks we didn't understand so now we're going to pay a bunch of advisers to gamble with policyholder money because we're totally incompetent"

 

This brings to mind WEB's Gotrock story from the 2008 AR! He had individual investors in mind and look who needs that story now! Those with Insurance float need financial advice, wow!

 

I'd like to propose a toast to all FFH owners! Stop whatever you're doing right now, put everything in your hands down, put your heads back and give out the heartiest laugh of your lifetime.

 

Ha Ha Ha..... ;D ;D ;D ;D ;D ;D

 

 

 

[Rabbitisrich]

This article is germane to the thread: http://www.bloomberg.com/apps/news?pid=20601087&sid=aG6Sm37czbss&pos=6

 

Also, note that Blackrock increased its AUM by 133% with the purchase of Barclays Global Investors.

[DCG]

Does Allstate really have $100 Billion in investments? Their market cap is only at $17 Billion.

[dcollon]

Cash and Investments are $100 billion as of last quarter.