Relevant:
- Spain Marches Toward a Depression
- Spain Would Be Dead Without ECB Loans" Says Spanish Secretary of State for Economy; Update on Black Market Transactions in Spain; Bartering in Greece
- Hedgies Placing Strong Bets on Private-Party MBS
- Watch Those Home Owner's Insurance Policies
- American Home bankruptcy could create problems for homeowners
2012-04-04 — ml-implode.com
How does a third party placing bets on whether someone's home would burn down provide any "insurance" to the owner of the home? The answer of course is that it doesn't. What it did do, however, was to create a $60 trillion motive for "arson".
original article |
permalink to this page |
forum thread |
|
RSS |
Subscribe by email! 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
|
FreeRateUpate.com Mortgage Rates
|
