This essay is a story about insurance, or rather, a story about a type of insurance policy which underwent a mutation. This mutation was not spontaneous – it was engineered. It was one of the biggest scams ever perpetrated.
Paradoxically, the problem was that it worked too well and just got too big.
I hope you stay with the story until its denouement. Maybe you’ll be gobsmacked. If it moves you to go out and start looking for suitable lamposts – then it’s understandable. More...
Don't miss:
- No bonus? No problems! Bankers get hefty pay rise...
- AIG bonuses "staggering in size", 7 execs received $7m each...
- Peter Schiff: Obama and more govt. is NOT the solution...
- Where'd the bailout money go? Shhhh, it's a secret...
- Jon Stewart destroying Jim Cramer...
No comments:
Post a Comment