SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Insurance cos (proposed buy outs, etc. discussion)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: EenieMeenie who wrote (8)3/7/1999 5:31:00 PM
From: Carey Thompson  Read Replies (2) of 55
 
I recently attended the Wall Street Week investor convention at the MGM Grand.

A highlighted speaker was Judah Kraushaar a top financial analyst with Merrill Lynch. Judah firmly believes there will be legislation coming out of the current congress that will allow banks to buy insurance companies.

If this legislation comes to pass, there will not doubt be many buyouts.

Currently, banks are profitable and have money to spend; this has not always been the case. Remember the real estate disaster of the early 1990s when a share Citicorp or Chemical cost less than a 12-pack of beer?

After the 1998 merger of Citicorp and Travelers (to form Citigroup) the horse has been let out of the barn. There is no turning back from it.

I believe this thread is on to something, so let's keep this thread alive.

Carey Thompson
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News