2 ms·
> But somehow laundering it through an intermediate makes it legal. It probably is illegal. This case with rents will be very interesting to watch. In the in
by pevey 4y ago
> But somehow laundering it through an intermediate makes it legal.
It probably is illegal. This case with rents will be very interesting to watch.
In the insurance industry, a special law (McCarran-Ferguson Act) had to be passed to allow companies to pool loss data to set rates. Otherwise, it was seen as an anti-trust violation. The law was passed because the public interest in making sure insurance companies are solvent and can pay claims outweighed the anti-trust issue.
I think these tools are on very shaky legal ground.