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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (423978)	10/8/2008 8:36:19 PM
From: Brumar89	Read Replies (1) \| Respond to of 1571443

Still the insurers chose to get into that business and they should bear the loss. Are you arguing for bailing out insurers?

To: tejek who wrote (423978)	10/9/2008 8:03:40 AM
From: HPilot	Respond to of 1571443

It was in the mid-late 90s they saw residential loans as another area in which they could expand, increasing their participation in still another industry. The insurance companies who are covering loss's of destroyed houses are not in jeopardy here, that would take a huge fire, hurricane, or flood. The insurance companies in trouble are the ones who have sold mortgage insurance, the ones where they take over payments if you lose your job, or can prove that you can no longer make payments. Also some inured on the other side, insuring the banks if you cannot make payments. Much smaller number for both involved with mortgage insurance. They should go under if they were that heavily invested in these policies.