Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

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

To: Marc Hyman who wrote (33771)	3/12/2009 2:45:35 AM
From: Madharry	Respond to of 78731

I think first of all that we need to distinguish between the aig insurance subsidiaries and corporate aig. entities buying credit insurance from aig corporate is not the same as individuals buying insurance policies from aig insurance subsidiaries. if i invest in a company and the company goes bellyup unfortunately the government doesnt come in and remiburse me for my losses. i took a chance. thats [p[iwhat happens with credit insurance. it never said this credit insurance is guaranteed by the us government and for good reason. I would also like an explanation for why the fed thinks cutting bank dividends to shareholders, many of whom are on fixed incomes and US taxpayers, is a good thing, while at the same time its OK to lend billions of dollars to foreign entities and this is supposed to help the US economy? I heard that Citibank lent Dubai 8 billion dollars. I hope if there are any members of congress reading this someone could answer this question. I think Obama needs to replace bernake and geithner and mr. K sooner rather than later. Otherwise we may see a return of the french revolution but in this country.

To: Marc Hyman who wrote (33771)	3/12/2009 9:35:51 AM
From: R2O	Respond to of 78731

If you have a fire you expect your fire insurance to cover your loss* up to the terms of the policy, no?* And if you had 10 fire insurance policies would you expect all to pay off? Ain't gonna happen. And if 10 other unrelated unknown people had fire insurance policies on your property, would you expect insurance to pay them too? Ain't gonna happen. Do you think that if your doctor took out 5 health insurance policies on you that your doctor would get payed 5 times? Or at all? How long do you think your property would remain healthy if somebody with no interest in your property 'insured' it 10 times over and insurance company was required to pay off on the 'loss', especially when the 'loss' required no physical, objectively verifiable event? That's why insurance companies have concepts like 'insurable interest' and prevent profiting from insurance payouts. AFAIK R2O