SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?


To: Wayners who wrote (26936)3/9/2010 12:30:44 PM
From: DuckTapeSunroof  Read Replies (1) | Respond to of 103300
 
Re: "That's because the premiums are set too low."

Yes, that's right.

The banks LIKE IT that way, and they always fight to KEEP it that way.

(They *like* the idea of passing costs along to the taxpayers when their risky activities blow up periodically on them... and they *like* the idea of raking off big, big bonuses for their executives in the years when their gambling pays off for them.)