General Discussion

jimfields33

(19,382 posts)

1. I'm not voting but it's their money. If they are dumb

Sat Mar 9, 2024, 08:39 AM

Mar 2024

enough to loan it to him, then they can see what happens. He won’t pay it back. No skin off any of our backs. Who even heard of the place before this? If it closes down due to this , nobody would miss it,

Edit history

Please sign in to view edit histories.

Recommendations

1 members have recommended this reply (displayed in chronological order):

PatSeg

44 replies

= new reply since forum marked as read

Highlight:

Chubb seems to think loaning TSF $91M is a "sound investment" [View all] maxrandb Mar 2024 OP

I'm not voting but it's their money. If they are dumb jimfields33 Mar 2024 #1

Is it their money, or do they have a fiduciary obligation to their shareholders? maxrandb Mar 2024 #6

Who ever heard of WHAT place? brooklynite Mar 2024 #8

I have USAA. Yours must be regional. jimfields33 Mar 2024 #13

Hardly regional MichMan Mar 2024 #14

Evan Greenberg is son of late AIG chair Maurice "Mo" Greenberg. Kid Berwyn Mar 2024 #22

The poster I replied to had never heard of them, and suggested they were a small regional outfit MichMan Mar 2024 #24

Sorry, didn't mean to confuse you or the issue. Kid Berwyn Mar 2024 #36

I'm not confused MichMan Mar 2024 #38

That's why I posted the father-son nepotistic side of big money. Kid Berwyn Mar 2024 #42

Thanks for connecting the dots MichMan Mar 2024 #43

No, niche. brooklynite Mar 2024 #23

Then if you make a claim you'll be getting money from Russia! Ocelot II Mar 2024 #32

Chubb is a frequent underwriter of a lot of PBS shows. Gidney N Cloyd Mar 2024 #18

So are the Koch brothers maxrandb Mar 2024 #20

My point is that they're well known, not that they're angels. Gidney N Cloyd Mar 2024 #21

Considering the CEO was a TRump WH advisor Historic NY Mar 2024 #2

If it's morally wrong, you shouldn't do it. Squaredeal Mar 2024 #3

They've been in the business for a long time. cloudbase Mar 2024 #4

Depends on the interest rate and collateral. Insurance companies are very (very) good at pricing "risk" CincyDem Mar 2024 #5

What's to stop them from just forgiving the loan? maxrandb Mar 2024 #9

One word: Shareholders NanaCat Mar 2024 #12

IMHO, nothing. But that's a separate business decision CincyDem Mar 2024 #16

IMO he was already repaid with very valuable information. onecaliberal Mar 2024 #26

It's not a loan. It's insurance. Ocelot II Mar 2024 #31

Again, it's not a loan, it's insurance. Ocelot II Mar 2024 #34

I doubt the cost of getting the surety is anywhere near 15%. onenote Mar 2024 #27

Fool.. money... parted... Yada... Yada. n/t Hugin Mar 2024 #7

Passing ProfessorGAC Mar 2024 #10

Should we call him Chubby? NameAlreadyTaken Mar 2024 #11

Assuming trump loses his appeal, it will be fun watching either the government or Chubb going after trump's assets. Silent Type Mar 2024 #15

They'll lose their money just as Mike Lindell has lost his money in service to the wannabe dictator. Vinca Mar 2024 #17

No, they won't. They wouldn't have written the bond if they thought they would. Ocelot II Mar 2024 #29

Chubb probably has a very heavy collateral contract. keithbvadu2 Mar 2024 #19

Not voting, but it is virtually certain that Chubb will not lose money on this surety. onenote Mar 2024 #25

These threads are driving me nuts - some people still seem to think an appeal bond is a bad thing - Ocelot II Mar 2024 #37

It isn't a loan. It's insurance. Doesn't anybody understand how this works? Ocelot II Mar 2024 #28

Can't confuse people with logic when it disputes their agenda MichMan Mar 2024 #33

"Doesn't anybody understand how this works?" Zeitghost Mar 2024 #41

Yeah, but Diraven Mar 2024 #44

A fool and it's money are soon parted RainCaster Mar 2024 #30

It's out of his hands once the bond is issued. Carroll gets her money Ocelot II Mar 2024 #35

Moreover, if, heaven forbid, Trump prevailed in his appeal, Chubb gets to keep the premiums it received and Trump onenote Mar 2024 #39

If he thinks Dump will pay him back, he's an idiot sakabatou Mar 2024 #40