3 ms·Insurance isn't magic pixie dust, it just moved the cost around.by tamana 10y agoInsurance isn't magic pixie dust, it just moved the cost around.Phlarp 10y agoIf the organization underwriting the insurance is implicitly and explicitly insured (too big to fail) by the US govt, it might as well be magic pixie dust!TrevorJ 10y agoThat really just highlights how scary fiat currency is.