Monday, Mar 09, 2009
Can someone answer this question
Guardian: Bank shares tumble as investors give thumbs down to Lloyds deal
Why would anyone take out an insurance premium if paying the excess would bankrupt the company? - £25bn excess is multiples of Loyds value
Posted by matt_the_hat @ 10:22 AM (656 views) Add Comment
5 Comments
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2. matt_the_hat said...
Very funny Paul I'm sure - other than seeing this pop up on other posts.
The question still stands, why would someone take out an insurance policy they cannot afford the excess on - x51... techieman etc where is the hedge on that?
3. Mansmoking said...
I think this boils down to why people have been saying buy houses for the past few years, BS!
4. stillthinking said...
By that reasoning, why would anybody buy bonds from a loss making company.
5. inbreda said...
or a loss making country?