- Nov 26, 2011
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I can still buy a credit default swap on a CDO which contains your mortgage.
This is like me being able to buy life insurance on your life, even though I do not know you and stand to lose nothing if you die.
If I stand to lose nothing if you die, and can make a lot of money if you DO die, how safe would you feel?
If anyone was able to buy life insurance against your life, how safe would you be feeling right now?
Exactly. That is why you have to show an "insurable interest" before you can buy insurance against someone's life or property.
Wall Street has paid our politicians a lot of money to be exempted from this requirement.
That is the state of our economic system right now. The end result is that anyone can buy an insurance policy against your economic well being.
Therefore, they have every incentive to see you fail. And that is why we had the big crash.
One of Chuck Schumer's top five donors is an individual who benefitted from having your 401k assassinated. All of our politicians are taking money from firms and an industry which benefitted from having your future assassinated.
You should not be feeling safe.
At. All.
This is like me being able to buy life insurance on your life, even though I do not know you and stand to lose nothing if you die.
If I stand to lose nothing if you die, and can make a lot of money if you DO die, how safe would you feel?
If anyone was able to buy life insurance against your life, how safe would you be feeling right now?
Exactly. That is why you have to show an "insurable interest" before you can buy insurance against someone's life or property.
Wall Street has paid our politicians a lot of money to be exempted from this requirement.
That is the state of our economic system right now. The end result is that anyone can buy an insurance policy against your economic well being.
Therefore, they have every incentive to see you fail. And that is why we had the big crash.
One of Chuck Schumer's top five donors is an individual who benefitted from having your 401k assassinated. All of our politicians are taking money from firms and an industry which benefitted from having your future assassinated.
You should not be feeling safe.
At. All.
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