Anorak News | Anorak Beats Old Media, Again

Anorak Beats Old Media, Again

by | 12th, October 2008

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…


Posted: 12th, October 2008 | In: Broadsheets, Money Comments (4) | TrackBack | Permalink