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| subject: | Why so quiet? |
RW>> IF it's the scale involved, oh well. LET the angry policy
RW>> holders force the sale of those wonderful buildings with
RW>> the marble halls and flowing fountains. LEt the angry
BK>> Of course the price would be down, and mortgages hard to get.
RW> THat's their problem. THey still get to make up the
RW> shortfall. OUt of their personal fortunes if nothing else.
I can't seem to find a problem with that.
RW>> policyholders who got the screws put to them go looking for
RW>> a fat cat to lynch.
BK>> OK, that one I kinda like.
RW> I hold insurance underwriters such as AIG in special
RW> contempt when it comes to shennaigans like this. AFter
RW> all, the poor guy who bought that policy bought it because
RW> he was either required to by law, or felt that he really
RW> needed the protection.
And esp since insurance companies are supposed to be trusted.
RW> YOu buy the insurance. You pay your premiums like a good
RW> little citizen, just as you do your taxes. YOu are
RW> cruising along, then one day, through no fault of your own
RW> you now have a sudden need to file a claim.
...
RW> But you find out these dudes that sold you this snake oil
RW> bought some more snake oil without looking carefully at
RW> what was being purchased.
And get bonuses to keep them from jumping ship.
RW> BUt, your insurance carrier wants you to pay the equivalent
RW> of another premium, and the guy down the road who doesn't
RW> even insurance through them to pay one too.
I do believe you mentioned something about screws.
BOB KLAHN bob.klahn{at}sev.org http://home.toltbbs.com/bobklahn
... General stupidity error reading drive C
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