ColbertWatcher
(1000+ posts)
Send PM |
Profile |
Ignore
|
Wed Nov-05-08 05:56 AM
Original message |
Did I miss the market watch thread? |
Demeter
(1000+ posts)
Send PM |
Profile |
Ignore
|
Wed Nov-05-08 05:59 AM
Response to Original message |
1. Ozy Posts Around 6:30 AM |
ColbertWatcher
(1000+ posts)
Send PM |
Profile |
Ignore
|
Wed Nov-05-08 06:00 AM
Response to Reply #1 |
wakinglives
(2 posts)
Send PM |
Profile |
Ignore
|
Wed Nov-05-08 01:36 PM
Response to Reply #1 |
3. US Gov't - AIG - Hostile takeover? |
|
Sent: Monday, May 03, 2004 7:39 PM From: Ron Bellows To: Gary S Gevisser Subject: WE insure... Haliburton
my point the other day - that these people have been taken and treated as war combatants when there is no war - is totally against the constitution - which apparently doesn’t exist anymore
BUT get this .. ..
I have now been given the project of trying to figure out our exposure for our overseas defense contractors we insure -
thing is - the policy excludes 'acts of war' ( as most do ) - BUT - includes Terrorism ??
so.. .If a contractor dies from an act of war - we pay the widow and the gov't is supposed to reimburse us from their war chest
so now - the feds are saying - "there is no war" - and we don’t get reimbursed - for all the dead, captured and "lost" contractors ( and our loss numbers are showing lots more than the news is reporting )
so all the actuaries and underwriters are freakin out - watching their policy breach limits and bleed cash
so I got the order Sunday - go and figure out what KBR, Centcom and Haliberton employee exposure are and what they are doing to control their contract employees exposure ??
AND - this is a no win - If I pull the plug ( write a report that says its a poor risk ) my name goes to the head of KBR etc - If I say its all good - we loose money and megalopoly stomps on my tushy
aaagghhh
later boys
I need a drink . . . .
When Ron Bellows a lead risk assessment officer for AIG was asked to assess the liabilities for their oversees defense contractors he was also made aware that what ever decision he made would straight to the head of the most powerful military defense contractors in the world.
This heads I win, tails you lose proposition handed to Ron Bellows was the beginning of the forced entry of the United States government into the insurance industry. Allow me to explain…
Should Ron Bellows senior risk assessor for the world’s largest insurance agency have decided not insure the military defense contractors not only would he have become black listed but he very well may have been risking his life as well. As Ron explains the government was playing with semantics by maintaining the position that the deaths were due to terrorist which would force AIG to be financially responsible instead of placing the financial responsibility on the government.
The end result left AIG insuring the military defense contractors with indefinite financial losses leading to the ultimate collapse and “forcing” the US government to step in and prevent the complete collapse and handing over control of the insurance industry to the US government officially ending any semblance of a “Free Market” system.
Regards, Adam L Tucker Just3ants
|
Demeter
(1000+ posts)
Send PM |
Profile |
Ignore
|
Thu Nov-06-08 08:09 PM
Response to Reply #3 |
DU
AdBot (1000+ posts) |
Wed Apr 24th 2024, 07:44 PM
Response to Original message |