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$GE just validated Markopolos's claim about the danger

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mdimport   Friday, 10/04/19 10:04:19 AM
Re: JPetroInc post# 8464
Post # of 9079 
$GE just validated Markopolos's claim about the danger of $GE remaining a player in the LTC market. Its not a riposte at all.
Quote:
In this reporter's view, Culp's goal should be getting out of long-term care, soon and for good, by handing the franchise to a rival insurer. It's clearly an option he's considering. "We've got a number of strategic options over time," he told investors in March. Considering the industry's history of heavy losses, finding a taker will be a tough task. GE might have to add billions of dollars in extra reserves as a sweetener. But dumping LTC would be the ultimate riposte to Markopolos, who's claiming that GE's book is so toxic no one would take it, and that the end game is bankruptcy.



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