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To: ChanceIs who wrote (134479)6/10/2010 3:32:00 PM
From: Elroy Jetson  Respond to of 206325
 
The Royal & Sun Alliance Insurance Group plc is obviously smarting over their massive losses due to BP's incompetence.



To: ChanceIs who wrote (134479)6/10/2010 3:36:25 PM
From: Elroy Jetson4 Recommendations  Read Replies (2) | Respond to of 206325
 
How strongly do you support John Boehner's proposed taxpayer bail-out of BP?

Republicans could come on strong and threaten to declare Martial Law if Congress doesn't approve a trillion Dollar package for BP within ten days.

The future of America hangs in the balance. At least that presentation worked for the bank bail-out.
.



To: ChanceIs who wrote (134479)6/10/2010 5:52:25 PM
From: Triffin  Read Replies (2) | Respond to of 206325
 
"On the other hand, as we disclosed yesterday, it does not seem like a very prudent move to have $81 million of the Scottish Widows Investment Fund invested in BP. "

Since they manage 83 Billion ..
1% in BP doesn't seem too excessive ..

Triff ..



To: ChanceIs who wrote (134479)6/10/2010 5:59:59 PM
From: chowder  Read Replies (1) | Respond to of 206325
 
>>> it does not seem like a very prudent move to have $81 million of the Scottish Widows Investment Fund invested in BP. <<<

When the financial crisis hit the banks and they eliminated their dividends, along with many other companies, pension funds took larger positions in BP and other high yielding companies that were still paying their dividends.

The dividend field narrowed which made investing in them more risky. Dividends are on the rise again, although BP's is now in jeopardy.