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Political Factoid
Insurance companies often join
together to form a consortium<1><2>
to diversify their holdings<3>
... so they can gamble<4>
at higher-limit tables in
the big Wall Street casino.
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| <1> |
As Aetna, Fireman's Fund,
Travelers, Cigna, and Continental
did in 1973 to form the Municipal
Bond Insurance Association (MBIA)
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| <2> |
Or a rock solid cartel (where they can
get away with it)
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| <3> |
Like a whole group of employees
joining together to jointly buy a
large block of lottery tickets
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| <4> |
With other people's money, of course
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-30-
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