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PostPosted: Wed Sep 30, 2009 9:38 am 
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It seems those touting the abuse of the system by those offering insurance haven't been that far off.... Insurance group proposing to require 3 years worth of premiums to be pre-paid


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PostPosted: Wed Sep 30, 2009 10:33 am 
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adorabalicious
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I like what you did there.

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PostPosted: Wed Sep 30, 2009 11:12 am 
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Ha


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PostPosted: Wed Sep 30, 2009 1:53 pm 
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OP's Linkied Article wrote:
Such an option would give the Federal Deposit Insurance Corp more liquidity to deal with the sharp increase in bank failures, while banks would not be required to report the expense of the fees until they would normally be due.

Uh, isn't this whole thing getting blamed on accounting practices that pushed debt around on paper to make the books look good to begin with?

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PostPosted: Wed Sep 30, 2009 1:54 pm 
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Commence Primary Ignition
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Kaffis Mark V wrote:
OP's Linkied Article wrote:
Such an option would give the Federal Deposit Insurance Corp more liquidity to deal with the sharp increase in bank failures, while banks would not be required to report the expense of the fees until they would normally be due.

Uh, isn't this whole thing getting blamed on accounting practices that pushed debt around on paper to make the books look good to begin with?


You noticed that too, eh?

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PostPosted: Fri Oct 02, 2009 6:23 am 
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pbp Hack
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Hmm an monopolistic insurance system being run and/or subsidsized by the government is being unfair.

and somehow, unless I'm misunderstanding, Its being lifted as an example of why we need an insurance monopoly in another industry?

I don't get it.

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