The thieving plonkers!
We’re back to those default swaps again, and the reason why they have nothing to do with insurance and everything to do with speculating on other people’s property; Simon Evans in the Independent reports today, the 12th October:
‘It is like Joe Public buying an insurance policy on someone else’s house and pocketing the full value if it burns down.’
Ring any bells?
On the 25th September I wrote:
‘Anorak could take out a vast insurance policy on Anorak Towers, and if it burned down Anorak would get lots of dosh but no Anorak Towers.
Insurers won’t let me take out a vast insurance policy on Anorak Towers, because I would have a clear interest in setting fire to Anorak Towers and collecting lots of dosh.
Of course, I wouldn’t have Anorak Towers, but then I didn’t have Anorak Towers in the first place.’
My highly reputable lawyers, Messrs Sue, Sue and Suesomemore, will no doubt be in touch with the Indie’s briefs…
- Chenier
Posted: 12th, October 2008 | In: Broadsheets, Money, Twitterings Comments (4) | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink
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October 12th, 2008 at 2:04 pm
Swine.
You are scoffing roast beef and yorks whilst I am condemned to pizza because I forgot to defrost anything else…
October 12th, 2008 at 1:58 pm
I live in the shires! There’s plenty of oiks not sure about orcs - anyway must dash - mum has roast beef and yorks on!
October 12th, 2008 at 1:42 pm
I’m glad someone has nice weather; it’s not too bad at the moment but it has not exactly got the autumn off to a great start.
I assume you have all gone for a nice weekend somewhere in the country; the shires sound like something out of the Lord of the Rings. No orcs in the neighbourhood, I hope?
October 12th, 2008 at 1:23 pm
A very good morning Chernier. That is so blatant - can you sue for breach of copyright from articles on here? Have you had a ncie weekend? Beautiful weather up here in the shires!