Another example of the insiders club

Discussion in 'Wall St. News' started by Casey30, Oct 1, 2008.

  1. Casey30

    Casey30

    http://abcnews.go.com/Politics/PersonalFinance/story?id=5926400&page=1

    Senate Majority Leader Harry Reid, D-Nev., pressed for passage, with the alarming news that one of the country's premier insurance companies was about to go bankrupt if the crisis was not quickly resolved.

    "We don't have a lot of leeway on time," Reid told reporters in the Capitol. "One of the individuals in the caucus today talked about a major insurance company -- a major insurance company -- one with a name that everyone knows that's on the verge of going bankrupt. That's what this is all about."
     
  2. Casey30

    Casey30

    If this is the case, shouldn't have this been made public? Could it be HIG(Hartford). That stock has been beaten up. Where is the SEC filing warning investors of the inability to continue as a going concern? I guess only Senators get those memo's. That is great!!!
     
  3. lassic

    lassic

    Berkshire Hathaway?
     
  4. He probably meant AIG - you know how out of touch US Snoozators are - only wake up when the dinner bell rings to call them to the trough.
     
  5. lol!

    (joke right?)
     
  6. sprstpd

    sprstpd

    Let them go out of business.