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The insurer is the United States government. They take losses on things all the time. It's called "socialized losses." I referred to it before, and it sounds li
by kolbe 4y ago
The insurer is the United States government. They take losses on things all the time. It's called "socialized losses." I referred to it before, and it sounds like you don't even understand these finance 101 (or even basic high school civics) topics, so why are you insulting anyone?
- lottin 4y agoThe insurer is a corporation with its own financial statements, so it's pretty easy to see if it's operating at a loss (and thus subsidising the banking industry) or at a profit (not subsidising it). I guess you didn't know that either.