I like the putting line and the fact that MofO turned down the TARP dollars because it wasn't needed. Once the money is paid to a govenment contractor in exchange for a service it is no longer "our" money. Rather it now belongs to the owners of MofO and they can do what they want with it. MofO has private sector customers that they can acquire anyway they want.
I also hope their CEO makes an extreme amount money for running a good company. Just to piss off those looking to put caps on comp.
Recent news release:
Citing Financial Strength, Mutual of Omaha Says No to Capital Purchase Program
OMAHA, Neb. - (November 19, 2008) Citing its financial strength, Mutual of Omaha announced that it will not participate in the in the U.S. Treasury Department's Troubled Asset Relief Proposal (TARP) Capital Purchase Program.
"Mutual of Omaha has a strong capital position and good liquidity. We are profitable and fully able to meet our commitments to our policyholders. Therefore we elected not to participate in the Capital Purchase Program," said Mutual Executive Vice President and CFO Dave Diamond.
Founded in 1909, Mutual of Omaha provides insurance, banking and financial products for individuals, businesses and groups throughout the United States. In the individual market, Mutual is a leader in the life, Medicare supplement, long-term care, disability and annuity lines. The company also offers a portfolio of employee benefit solutions including life, disability, AD&D and retirement plans. A mutual company, Mutual of Omaha has earned high ratings from the leading ratings agencies, including an A+ rating from A.M. Best.