General Discussion

MrCoffee

(24,159 posts) Mon Feb 13, 2012, 12:50 PM Feb 2012

MetLife comments on Volcker - Higher premiums. Period

* See Citi's comments on Volcker here *

MetLife took the time to comment on the Volcker Rule in their letter dated February 8, 2012. They took no time at all in getting to the heart of the matter.

http://www.federalreserve.gov/SECRS/2012/February/20120210/R-1432/R-1432_020812_88742_510439555739_1.pdf

They open with the standard wah-wah-wah there will be less liquidity in the municipal securities market because you jerks are trying to get the banks out. What is the end result, you ask?

The direct and indirect costs of this reduced liquidity will ultimately be passed on to our
policyholders in the form of higher premiums or reduced product options and features. Pg. 2

I like it. Short and sweet and to the point. Boom goes the dynamite.

3 replies

= new reply since forum marked as read

Highlight:

MetLife comments on Volcker - Higher premiums. Period (Original Post) MrCoffee Feb 2012 OP

"higher premiums or reduced product options and features" like that wouldnt have happend anyway leftyohiolib Feb 2012 #1

MetLife has great big brass ones, to blame rate hikes on evil gov't regulation MrCoffee Feb 2012 #2

When were premiums going to go down? Aerows Feb 2012 #3

leftyohiolib

(5,917 posts)

1. "higher premiums or reduced product options and features" like that wouldnt have happend anyway

Reply to MrCoffee (Original post)

Mon Feb 13, 2012, 01:54 PM

Feb 2012

MrCoffee

(24,159 posts)

2. MetLife has great big brass ones, to blame rate hikes on evil gov't regulation

Reply to leftyohiolib (Reply #1)

Mon Feb 13, 2012, 01:58 PM

Feb 2012

Just coming right out and saying we're gonna blame you when we jack up premiums and strip coverage, that takes stones.

Aerows

(39,961 posts)

3. When were premiums going to go down?

Reply to MrCoffee (Original post)

Mon Feb 13, 2012, 02:02 PM

Feb 2012

And when were they planning on increasing the number of services for your money?

The answer to that question is never, and they are just trying to see how much further they can gouge the public. Insurance companies are going to keep pushing it, and the government is going to have to step in because of public outrage. Insurance might as well be a yearly tax increase because you can't operate a business without it, you can't afford to be without it unless you simply can't afford it period, and a LOT of people are getting fed up with it.

Reply to this discussion