The Soapbox

HoosQ

Joined: 08/13/1998 Posts: 2499
Likes: 3382


Trifles? It is hundreds of millions of dollars. It is essentially stealing


money from insurance companies (who would have charged higher premiums) and banks (who would have charged higher interest rates.)

Can't say as I am a fan of either the insurance or banking industry. However, I suspect nearly every 401k in the country has at least some money (via direct or mutual fund investment) wrapped up in those industries. More revenue/profits results in higher rates of return via stock price and dividends. So the damaged parties here are likely in the millions.

Like you, I suspect there are lots of companies that do this sort of thing. Unlike you (apparently) I celebrate when ANY of them get the hammer brought down jupon them...even if they are orange.

(In response to this post by JMHoo)

Posted: 09/29/2023 at 08:34AM



+4

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Current Thread:
 
  
Why can’t we all be as smart as Trump? -- Skeets 09/29/2023 07:08AM
  Andrew McCarthy: -- JMHoo 09/29/2023 07:37AM
  Great post justifying cheating -- HoodatB 09/29/2023 08:27AM

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