OMG I'm bleeding like a facet. I hate this crazy hot, dry weather.

Exam progress:
Freidland done and all notes taken. Read through Blanchard and took notes. Going through the other reserving notes now. Mack, and Brosius are not bad. Barnett and Zehnwirth is sort of WTF. I think I would find it interesting if I was still in school and they had provided more proofs in the paper. Currently, it just pulls results out of the their ass and then switches to applications; gah.

Manulife Posts 2.4B Loss in Q2 2010

You really need to listen to the investor call. It's full of gems. Personally, they are overexposed to the market due to their VAs, period. Their URR assumption in their actuarial liability is still very high. The road ahead could still be VERY ugly for Manulife.

Gems:
-Fortress of capital is now 221%
-Other "contingent" options other than issuing common equity
-Whining about CGAAP