Comments by "May L" (@MeiinUK) on "Citigroup and the 'financial supermarket' experiment | FT Film" video.

Insurance is based on risk assessment... and the risk is based on crime records... Ask yourself.. how much crime exists in the USA ? Since the sub prime mortgage period... how many are homeless now ? So... why would the insurnace piece work in the USA, if at all ? It won't work. And this is also.. edging towards the same thing too even in the UK here... Cos these kind of decisions have indirectly forced... countries like the UK to take in refugees as well.... and indirectly affecting insurances as well. Despite, it should NOT have been as so.. but it is getting to be there. And then, the migrant level of being a land bank as well... which is causing even a worst economic situation too. And companies have disappeared from the UK. The increasing NGOs.. are happening here... And it will soon mean, that the actual collapse... of actual... society, as we know it, will soon happen. Which, at this point in time then.. means that... well... the market itself will collapse. Many houses have already been abandoned here in the UK too. People just ran off !... The cities where the banks are in the UK, have actually gone bankrupt... and the public money has gone.... So this is causing... the banking sector is indirectly causing the government to go bankrupt as well ? Despite the original 2008 "saving point".... and now... the "debt level".... is being carried by the government. Cos why ? Those stupid buildings that have nobody in them are here.... What did the UK government had to do ? They have to create certain laws to ring fence them in !!!! .... Devolved regions... (With a lot of debts, but still being counted though... for the country !!!! )
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You may think that they are antiquated, but if you have seen thegazillion amount of hacking and cyber attacks, and everything else... exactly what would this achieve ??.... Lots of people, just seeing their genuine money disappear from a computer, or from a mobile very easily !!!!! Despite it not being illegal !!!!..... How much per year, are people losing their hard earned money ? So no.. merging these kind of risky areas is not funny ! It is pretty bad... when you get robbed.. and you bought an actual insurance, but it does not even pay out ??? It is bad... when you get attacked or assaulted, or even have actual personal insurances, but you don't get actually... protected. It is also bad... when members of the financial world, participate in actually in those areas and those specific .... as well.. I mean.. what have we become as an actual society ??.... It's pretty bad imho.
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@dylan-tl2yx : Aim for an actual East African local bank for now, until they stabilise themselves, is the best way forward for now. IMHO. They seem to be restructuring.
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Like this wasn't planned....
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I bet they want to do deals like, a French insurance to be the cheaper price or something under an American dollar or something to that effect.. Literally.... without any risk management ideals.. or even have any ideas of how they are calculated to begin with. So literally just destroy the French's old franc..... even though the euro is introduced... but isn't this still backing some of their oldest actual products as well ? Oh... sure.. just roll it forward... and count it as just a mere 50% of what it was before. I can't even find a proper market or product any more either for my house insurance, or my life insurance... that should've covered my mortgage. It's like..... This is SO bad.... !!!! No wonder, so many individuals are now entering into these so caled HMOs... as well as these ex-financiers.. now doing these kind of corporate loans and commercial buildings, for residentials.. and they don't even live or stay in there. Except their immediate families !!!!!! Exactly WHAT or WHO is going to carry that forward ?? So the entire banking sector is basically their own private bank ?!!?!!!!...... OH !!! Why didn't anybody say so !!!....
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Remember one other thing also too. Which is that, insurances were often based on averages of that population... cos of various genetics, or whatever of the group of people etc etc etc. So... and these are important elements to stand by. Why are women, often promoted asap... within the first 10 years of their careers traditionally ? That is to buy time for an actual time period for her to have a child. That is, also including... the differences and the various SOX rules too.
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@michaelx3419 : I regret opting out ! How do I opt back in ?!.... Lol....
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The journalists are laughing.... so I bet that , this was done deliberately. Travelers were an insurance company with IB ?..... Traveler was Salmon ?..... Oh my GOD. I think they dragged the entire world down... cos Softbank appeared.... and then, so many individuals make a lot of assumptions as well...... "this is the only way across the globe, and all laws are the same, and all countries are the same"... etc etc etc.
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@jayceh @ After they changed the law. Then they send in somebody or to hire specific individual that is part of the family... and then that individual... would... wealth management products. So then it means that, those families literally owns the bank. That is how it works.
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Why would it work, if at all ? One is an Investment Bank. The other one is an insurance company. They work in different sectors !!!!!! Even here in the UK, and in Europe. I am sure that they are separate companies, and deliberately separated as well. If you see a shop.. the likes of Marks, for example, they just merely act as the middleman, and buy directly from a bank, and directly from an insurance company. I bet they... (as most US companies, often tries to do).. to merge the technology of both pieces, or other. When in reality.... they are kept separated, for audit reasons and rationales. They can't even do the basic IB part, and keep their "separation of duties" correctly... How could that have happened, then ?....
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@GreenOliveBranch : But they invest and wanted to expand into Asia... without knowing that insurances in Asia wouldn't and doesn't work.. cos why ? Housing in Asia.. is humid and damp... unless you build an actual solid concrete thing. In which case, it means an awful lot of money ? And then to even insure that building means, how much money ? And yet, there are no other businesses, that is large enough to make those kind of figures.. so then... it has to mean that it can only be banks. And yet... there aren't the people there.. so then, they try to create this kind of "wealth management" piece.. right ? So then.. this means that, those SE Asians... keep spending and spending like no tomorrow.. while the rest of us across the globe, watch their gloats.. and their so called "wealth management" pseudo companies... waffing and waffing across the globe, trying to take us down. So then, they try to do things like concerts.. to create insurances.. or to have personal insurances.. or voice insurances.. or whatever insurances... etc etc etc. What happened to "normal life" ? While the rest of us have to watch the news, waiting to be .... feared... and triggered. Oh... I forgot... social media companies, could also be invested too.. and deliberately to cause fear and triggers.... THAT is happening... Cos then it means that it is marketing data too !!!!...
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They're screwing up in SG too... allowing them to do whatever they like... so many of these hired individuals.. make it sounds like the ENTIRE world... is one simple UN level.... state. THAT is what some people assume and act like in China and in Singapore. They don't even realise, or to even accept the differences in other countries.... At all. Why ? Cos they are hired... so they wouldn't risk their own positions.
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