> Mo wrote: > Buffett would only benefit from a bailout of the insurance segment if > his insurance companies were failing. They aren't. So in a sense the > government is propping up his competitors. Why would he like that? >
Except for insurance makes money by investing premiums and Buffet only wants to insure certain people (low risk), but those he doesn't insure he benefits from if others (who bear greater risk) insure them. That way, if those other insurers go under, no problem, the gov't steps in, pays out, and the businesses stay afloat. Buffet's investments continue to return. Robert is right in that this deal (ignoring the dictator clause) is a good financial deal. But that's like saying the thief is willing to sell you back your new car for $5000. If you don't have insurance then $5000 is a great deal for a new car. It just so happens that you used to own it before it was stolen. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:270996 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
