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TOPIC: WTF
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Like many of ncal's rantings, there is a grain of truth, in that heap of bullshit.

Genworth suspended sales of new life insurance policies last year and has been acquired by a larger Chinese holding company. Genworth is still in business, of course, and doing just fine it seems, but their legal organization has changed and they are, for now, poised to plan to exit life insurance.

MetLife announced last year they would spin off many of their products, including life insurance, as a new company.

So on the BullShit-O-Meter this ranks about a 97. Not 100% bullshit, but close.

Windermere FL
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"my god Met Life just closed their doors. Genworth a few months ago..dead and gone.. And you dont have a clue about what you are talking about..."

That last post was a doozie! Bravo, NCAL!

Both Met Life and Genworth are STILL in business. So, as is the norm, it's you who does not have a clue.

There has to be a med issue here. How else can you explain the constant Joe Isuzu-like storytelling?

BT

New Orleans LA
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That is some powerful kool-aid nutcal is drinking.

~S~

New Orleans LA
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"the house that i am renting"

If Ncal's wife would only turn one more trick per week they might be able to buy instead of rent. Tell that girl to get cracking.

Belle Chasse LA
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Careful with that policy. The life insurance companies are in such trouble that they are not going to take blood or get your medical records. Instead if you die within the first two years they are going to deny the policy payout claiming that you lied on the application. This is how they are staying alive, but so many have died because of Obama, my god Met Life just closed their doors. Genworth a few months ago..dead and gone..

And you dont have a clue about what you are talking about with the crash. The reason why the Wall street firms where going bankrupt is because they where holding billions of dollars in worthless mortgaged backed securities that all of a sudden no one wanted to buy. The worlds pension funds had been looted and nothing was left.

Las Vegas NV
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Va's post has just given me a much needed smile and laugh that was much appreciated given the day I have been having.

Little Egg Harbor NJ
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LOL!... calling him a hominoid is way off...but seems to me they are zeroing in on the pimp.

Rutherford NJ
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WTF? Va just bitch slapped NutCal using his doctorate (Va's). - Not Nutty's B.S. Dungree from the Joe McCarthy School of Hysteria and Paranoia.

That's some funny shit right thar.

BT

New Orleans LA
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Homo erectus disfunctionalis?

Wenatchee WA
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Not a mortgage banker Chezde just a frequent mortgagee. I was closing a commercial loan with "Douche Bank" when the wheels fell off in 2007 so I was watching it all unfold from a front row seat. The Big Short is an awesome read and explained the one part of the story I never understood which was: Given what they were doing, how could the investment banks lose? I'm afraid I spoiled the punchline. The movie version was actually pretty good but there were too many facets of the story to cover in a movie. I did love the way they managed to get the more technical details over ("We're going to have Anthony Bordain explain tranches of tiered CDOs in terms of three day old halibut fillets"). Also, the fact that one guy with Asperger's syndrome figured out what was going to happen years ahead of everyone else and single handedly came up with credit default swaps was something no one would believe if Hollywood came up with it.

And Nutcal, I'm terribly sorry to say that apparently not all the Life Companies got your MEMO on their recent demise. On Friday I got a 90 day forward rate lock on a replacement for the above mentioned loan from Lincoln Financial. Three others life companies also quoted this loan from beyond the gravel.

Wenatchee WA
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TOPIC: WTF
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