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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Wallace Rivers who wrote (19853)	10/14/2004 5:25:42 PM
From: Madharry	Respond to of 78625

A lot of market value has eroded between yesterday and today. If what Spitzer contends is true- MMC will be in litigation for many years- between its clients and its investors. Perhaps the reinsurance companies are worth buying?

To: Wallace Rivers who wrote (19853)	10/14/2004 6:48:23 PM
From: E_K_S	Read Replies (1) \| Respond to of 78625

Hi Wallace - I expect AIG will have problems with Spitzer too as this company practiced unethical dealings with many of their customers. One of their subsidiaries sold my 89 year old aunt an auunity (w/ very high surrender fees) a policy that was in appropriate and bordered on "elder abusive". Their sales people were farming elder accounts and some how got my aunt involved. I suspect that Spitzer will take care of these companies. I doubt that any of their customers (let alone shareholders) will see any of the settlement(s). It's sad that companies act in this manner but with their greed and huge potential profits, they do. The lesson learned is "trust your management", a difficult thing to judge for the shareholder. EKS