Market Failure!

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Re: Market Failure!

Post by Warren » 08 Jul 2018, 16:52

Mo wrote:
08 Jul 2018, 16:32
Jadagul wrote:
08 Jul 2018, 16:09
And I dunno. I'm not a finance guy, but that seems kind of obviously legal to me---if Wall Street bankers aren't going around exploiting the ridiculous fine print in obscure contracts, what's even the point?
This is basically the finance equivalent of taking out a huge fire insurance contract and then setting the smallest qualifying fire in your own property to collect the amount that's larger than the damage.

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Joined: 07 May 2010, 12:26

Re: Market Failure!

Post by Dangerman » 10 Jul 2018, 12:16

If you issue a policy that pays on intentional defaults, that seems like your problem. If I'm understanding correctly, nobody had to lie to make this happen?

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