General Discussion

jimfields33

(16,044 posts)

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

Sat Mar 9, 2024, 09:39 AM

Mar 9

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,

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Chubb seems to think loaning TSF $91M is a "sound investment" [View all] maxrandb Mar 9 OP

I'm not voting but it's their money. If they are dumb jimfields33 Mar 9 #1

Is it their money, or do they have a fiduciary obligation to their shareholders? maxrandb Mar 9 #6

Who ever heard of WHAT place? brooklynite Mar 9 #8

I have USAA. Yours must be regional. jimfields33 Mar 9 #13

Hardly regional MichMan Mar 9 #14

Evan Greenberg is son of late AIG chair Maurice "Mo" Greenberg. Kid Berwyn Mar 9 #22

The poster I replied to had never heard of them, and suggested they were a small regional outfit MichMan Mar 9 #24

Sorry, didn't mean to confuse you or the issue. Kid Berwyn Mar 9 #36

I'm not confused MichMan Mar 9 #38

That's why I posted the father-son nepotistic side of big money. Kid Berwyn Mar 9 #42

Thanks for connecting the dots MichMan Mar 9 #43

No, niche. brooklynite Mar 9 #23

Then if you make a claim you'll be getting money from Russia! Ocelot II Mar 9 #32

Chubb is a frequent underwriter of a lot of PBS shows. Gidney N Cloyd Mar 9 #18

So are the Koch brothers maxrandb Mar 9 #20

My point is that they're well known, not that they're angels. Gidney N Cloyd Mar 9 #21

Considering the CEO was a TRump WH advisor Historic NY Mar 9 #2

If it's morally wrong, you shouldn't do it. Squaredeal Mar 9 #3

They've been in the business for a long time. cloudbase Mar 9 #4

Depends on the interest rate and collateral. Insurance companies are very (very) good at pricing "risk" CincyDem Mar 9 #5

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

One word: Shareholders NanaCat Mar 9 #12

IMHO, nothing. But that's a separate business decision CincyDem Mar 9 #16

IMO he was already repaid with very valuable information. onecaliberal Mar 9 #26

It's not a loan. It's insurance. Ocelot II Mar 9 #31

Again, it's not a loan, it's insurance. Ocelot II Mar 9 #34

I doubt the cost of getting the surety is anywhere near 15%. onenote Mar 9 #27

Fool.. money... parted... Yada... Yada. n/t Hugin Mar 9 #7

Passing ProfessorGAC Mar 9 #10

Should we call him Chubby? NameAlreadyTaken Mar 9 #11

Assuming trump loses his appeal, it will be fun watching either the government or Chubb going after trump's assets. Silent Type Mar 9 #15

They'll lose their money just as Mike Lindell has lost his money in service to the wannabe dictator. Vinca Mar 9 #17

No, they won't. They wouldn't have written the bond if they thought they would. Ocelot II Mar 9 #29

Chubb probably has a very heavy collateral contract. keithbvadu2 Mar 9 #19

Not voting, but it is virtually certain that Chubb will not lose money on this surety. onenote Mar 9 #25

These threads are driving me nuts - some people still seem to think an appeal bond is a bad thing - Ocelot II Mar 9 #37

It isn't a loan. It's insurance. Doesn't anybody understand how this works? Ocelot II Mar 9 #28

Can't confuse people with logic when it disputes their agenda MichMan Mar 9 #33

"Doesn't anybody understand how this works?" Zeitghost Mar 9 #41

Yeah, but Diraven Mar 9 #44

A fool and it's money are soon parted RainCaster Mar 9 #30

It's out of his hands once the bond is issued. Carroll gets her money Ocelot II Mar 9 #35

Moreover, if, heaven forbid, Trump prevailed in his appeal, Chubb gets to keep the premiums it received and Trump onenote Mar 9 #39

If he thinks Dump will pay him back, he's an idiot sakabatou Mar 9 #40