What is the Rick Perry "Teacher Death Bond Scheme"?

Discussion in 'Politics' started by Lakhota, Aug 27, 2011.

  1. Lakhota
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    Lakhota Diamond Member

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  2. Lakhota
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    Lakhota Diamond Member

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  3. Lakhota
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    Lakhota Diamond Member

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  4. C_Clayton_Jones
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    C_Clayton_Jones Diamond Member

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    Noting illegal, perhaps unethical, no direct ties to Perry, obviously, but indicative of the fact Perry is a corporate politician, businesses are his constituents, not the people of Texas.
     
  5. JoeB131
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    JoeB131 Diamond Member

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    So i guess I'm not getting this.

    Why would an insurance company HOPE the teacher's die?

    That doesn't make any sense, does it. Insurance companies hope you live a long time and they keep getting premiums until they can dump you off on someone else because you are too old, or your policy reaches maturity.

    But there is that liberal fear that someone might actually make money providing a service.
     
  6. editec
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    editec Mr. Forgot-it-All

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    Perry is just another INSIDER TOOL, folks.

    If he wasn't you folks wouldn't even know his name.

    The fact that he was a lobbyist ought not to surprise us.
     
  7. JoeB131
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    JoeB131 Diamond Member

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    Why do you say "Lobbyist" like it's a bad word?

    I wonder why you guys didn't asnwer my question, why would the insurance companies sign on to a scheme that would cost them money?
     
  8. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    Apparently they needed the retiree's permission:
    Rick Perry Sought State Profits From Teacher Life Insurance Scheme
    While this looks unethical I'm sure it's perfectly legal. Unless they then hired hit teams to go after the retirees!

    Sidebar: Did you know that if you own a home your mortgage company has multiple insurance policies that protect them if you default on your house? They can can get paid MORE that if you actually paid it off so it makes sense (for them) that they would give you a loan that they know you CAN'T pay off!
     
  9. TexArcher
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    TexArcher Independent

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    Perry is a scumbag. I urge all Republicans to do some research on this guy. If you want Obama out, fair enough, vote for Romney or Paul. Perry will drive this country straight into the ground. Trust me, I've lived under his Governorship for almost 11 years. He hasn't accomplished anything except making a lot of money for himself and his cronies.
     
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  10. editec
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    editec Mr. Forgot-it-All

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    Don't you understand how insurance companies make money?

    It's not going to cost them money.

    In aggregate the insurance company will make more money than it pays out.
     

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