From: Jeff Shultz 

On Thu, 10 Feb 2005 22:57:49 -0500, Geo wrote:

> "Mark"  wrote in message
news:420ac106{at}w3.nls.net...
>
>> > How many billions of dollars from retirement plans and insurance
>> > company portfolios, etc were lost when the internet bubble burst?
>> >
>> > (that's what I was trying to say)
>>
>> Probably almost none Geo. (not counting those that were required to have
> all
>> their funds in company stock that went bankrupt, but that's not
>> representative in any way, shape or form of private accounts in SS).
>
> Most of the insurance companies claimed they had to raise rates because of
> losses in their investments.
>
> Geo.

Which actually means that they were able to not raise rates when they
probably should have because their investments were covering their losses.

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