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In reply to the discussion: Chubb seems to think loaning TSF $91M is a "sound investment" [View all]NanaCat
(1,385 posts)12. One word: Shareholders
They have a fiduciary responsibility to their shareholders not to make a bad loan.
I can just about guarantee that they got some serious collateral to back up a loan to this deadbeat. Most likely properties that are worth 90whatever million with TSF's name on them, but far more valuable without that stain of iniquity.
I have a feeling they will come out way ahead on the deal. Well-established insurance companies are always good at that.
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The poster I replied to had never heard of them, and suggested they were a small regional outfit
MichMan
Mar 9
#24
Depends on the interest rate and collateral. Insurance companies are very (very) good at pricing "risk"
CincyDem
Mar 9
#5
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
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