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MetLife, Inc. Message Board

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  • lqk7928 lqk7928 Nov 20, 2012 11:55 AM Flag


    Yes, Met is doing all they can. The gov't is the problem. I blame Obama. The Socialists/Communists want to control Insurance companies now. They see assets, dollar signs in their eyes. They have stolen the last dimes in our trust funds -- SS, Medicare, govt Pension funds and such -- and bankrupted them, now they are moving on to bigger and better things. That's my guess. It's ust a matter of time as they continue to destroy the fabric of our country. Very disturbing. This control is just the starting point. And half the Americans voted them in.

    Meanwhile, PRU's dividend is more than twice ours.

    Wish I could load up. Now more gov't regulation limits me to 10% of my 401K. ! I have upped my sentiment to strong buy, as you're right, Met's not going to let them push them around, if they can avoid it. Still, there is a risk the Socialists will persist.

    Sentiment: Strong Buy

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    • I don't believe it's about being pushed around.

      Fed oversight is obviously needed with financial institutions.

      Unfortunately; regulation was fought tooth & nail by Reagan & Greenspan & this led to the 1st Bush bailout of the S & L's after they were allowed to make poor (unregulated) investments in overvalued/junk bonds issued by questionable investment bankers.

      Fast forward a few years & we saw another bailout by Bush the son after lending institutions had invested in overvalued/junk mortgages issued by consumers (many of whom were unable to meet their debt obligations to begin with.)

      A little regulation to protect us from unrealistic home appraisals for lending institutions & requirements for reserves on MBS policies written by company's like AIG (can you believe they weren't required to keep loss/claims reserves on these policies) would have done a lot to protect us all.

      Instead; these administrations chose short term high growth with future slips, trips & falls instead of moderate gains in economic activity in exchange for a bit more stability.

      As to socialist governments; England worried in the 50's & nothing came of it & what most people don't think of is the FACT that we already have tons of socialist programs in the good old USA right now (can you say "Social Security" or "Medicare" - I knew you could...)

      All in all though; I believe MET is a strong buy & I'll wait as long as it takes for them to pare down their assets to concentrate on the core business of insurance.

      Interest rates will go up & they will improve their margins & start repurchasing shares & paying out a bigger portion of earnings to us.

      You just got to watch them because as history has proven; they will screw things up eventually...

      "Not a lawyer a thief or a banker" Buffet - Jimmy not Warren

      Sentiment: Strong Buy

      • 1 Reply to toonawish
      • I agree some regularory oversight is required, but I do think Met's being pushed around to the extent they won't let them spin off the bank. The gov't should be sued for obstruction of justice or whatever the attorneys can come up with.

        My impression was the mortgage problem was much broader than just junk mortgages.

        Did you really mean Fed oversight or regulation? I wouldn't give the Fed more power. It was Greenspan who was pushing variable mortgages. And Clinton and Bush who were pushing sub-prime mortgages. Why, one might ask. They knew this problem was coming for a long time. They brought it on, did they not?

        Well, I don't know a great deal about Medicare, but I do know we paid for SS (it's not a socialist system like welfare) and paid into Medicare. Medicaid must be self-sufficient because they steal every dime you have to use it. SS would be solvent had Johnson not allowed Congress to raid the surplus that was not to be spent, by law. They have stolen every red cent and spent it -- SS, Medicare, Gov't pensions, everything they could lay their hands on. They should be tar'd and feathered, to say the least. We have been taken to the cleaners instead of to the bank!

        Not sure why you think interest rates are going to go up. Very bad outlook there, it appears. And, Congress is increasingly talking hard landing vs. muddle-through in order to get anything done (to get over the partisan problems in fixing the economy).The theory is if we crash, they have to come together to fix it. My view is this would be a disaster of unprecedented proportions and a global one at that.

        Sentiment: Buy

    • the sky is falling!

      Sentiment: Strong Sell

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