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Non-Tech : Derivatives: Darth Vader's Revenge -- Ignore unavailable to you. Want to Upgrade?

To: Aloysius Q. Finnegan who wrote (335)	10/4/1998 5:01:00 PM
From: Worswick	Respond to of 2794

I think you should send Henry on this thread private message and ask him this question. You might preface the message "Regarding Guaranteed Investment Contracts" (known as GIC's), an investment vehicle that got Equitable in heaps of trouble....what is the current position of Aetna in regards to these "new" GIC's? I honestly don't know. You might check out the Equitable in a newspaper archive that has a guide to he NY Times and look up 1889-1992 I believe. Also, ask Henry about the exposure of the Aetna's of this world to "derivatives"? I know they all have "market" insurance. As a matter of fact ask him if these companies have something called "stampeding elephant insurance"... like when all the elephants try and gyo through the door at once? Maybe there is a muni bond issue outstanding somewhere in these little towns like Hartford for getting upfits or dare one say outfits.... bigger wider doors on all the insurance buildings in town. Good luck with your search. Sorry I am being a triffle silly. I am not a fan of GIGs. Actually, I am not sh&* you here the whole Japanese pension fund industry.... is a $9 trilion disaster waiting to happen... because of their 4% version of your 7% deal. My best to you Clark