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Message
re: New York State Pension Value Rises to Record High $160.4 Billion
Posted on 5/14/13 at 11:33 am to BennyAndTheInkJets
Posted on 5/14/13 at 11:33 am to BennyAndTheInkJets
We bash insurance companies when they arbitrarily state high expected returns in hypotheticals given to potential policy holders and we even enact law to prevent it (if I remember right), yet we allow this to happen. I don't get it.
2
Posted on 5/14/13 at 1:40 pm to Broke
Politicians are hipocrits and regulators are given jobs by politicians. If you have the ability to write laws for yourself, you're bound to give yourself a little more leeway than if you're writing laws for other people.
Posted on 5/14/13 at 3:05 pm to Broke
quote:
We bash insurance companies when they arbitrarily state high expected returns in hypotheticals given to potential policy holders and we even enact law to prevent it (if I remember right)
Any hypothetical rate must be accompanied by a 0% annual gross return as well.
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