3 ms·

A Chinese firm bought an insurer for CIA agents

52 points by bookofjoe 1y ago

wagwang 1y ago
This is the funniest headline I've seen all month
chris_va 1y ago
Geopolitics discussion question... As a corollary, would the ~$1T of (mostly?) state-backed investments into the developed world then imply a fairly large exposure to potential asset forfeiture/freezing in the event of a Taiwan invasion (analogous to the ~$300B in Russian assets frozen pending Ukraine)?
- FridayoLeary 1y ago
  People assume China is an incredibly smart entity who won't make major errors like Western nations do, when everything we know tells us authoritarian regimes are more incompetent. I don't think it's so deep. They are an economic superpower with deep pockets and are not averse to taking huge risks. So far it's going their way. Another thing is that they can break half the world in a couple of months if they like. They even did it once already by accident.
  - Incipient 1y ago
    I mean you could be right that the Chinese govt was simply investing in overseas businesses...and by pure chance it HAPPENED to be one with a list of various CIA personnel. ...even I don't believe in coincidences so convenient however...
    - FridayoLeary 1y ago
      Not saying this one wasn't deliberate. Just that in general don't assume they never make mistakes.
monerozcash 1y ago
CIA gets insurance for their agents? That seems rather bizarre. This seems to be specifically about liability insurance. If I'm for example a Chinese government employee working for the CIA, what kind of liability will this insurance cover?
- mmh0000 1y ago
  There’s literally insurance for everything you can think of. There’s even insurance for insurance! It’s not a bad deal for either side. The CIA doesn’t have to pay if an agent does something naughty and the insurance company gets a standard income. Just wait until you hear about employers taking out life insurance policies on their employees. https://clark.com/insurance/has-your-employer-taken-out-life-insurance-on-you/ https://clark.com/insurance/has-your-employer-taken-out-life...
  - monerozcash 1y ago
    > The CIA doesn’t have to pay if an agent does something naughty and the insurance company gets a standard income. But CIA agents are kind of inherently doing something naughty, and the CIA doesn't have to pay either way. Who would the insurer be paying? The Chinese government? I don't think a Chinese CIA agent would be facing any meaningful financial liability if caught.
- MrMorden 1y ago
  Standard FEPLI but also any USG employee stationed overseas needs the usual set of insurance policies, and specialist providers are familiar with the applicable laws (e.g., their computers don't insist on a local driver's license when there's a treaty allowing the subscriber to use their home country's). https://www.clements.com/personal/foreign-service-insurance/ https://www.clements.com/personal/foreign-service-insurance/
  - monerozcash 1y ago
    I don't think CIA agents are typically considered USG employees.
guesswho_ 1y ago
[dead]
zrn900 1y ago
I trust China more than I trust any US government agency. It was the US who was doing 'rendition flights' to kidnap random countries' citizens and then torture them nonstop. Some of those kidnapped still havent been released after 20 years.
- guywithahat 1y ago
  Boy are you in for a surprise when you learn what China does to its own citizens. There is a certain irony that when a government has checks and balances, it can investigate itself, make the information public, and people may freely criticize the government. If you remove peoples ability to know what's happening or criticize their government, it can appear more fair but only through sheer ignorance
  - zrn900 1y ago
    > Boy are you in for a surprise when you learn what China does to its own citizens. Hanging corrupt officials and bankers? Horrible. > checks and balances Anti-democratic concept that Americans keep throwing around without knowing its meaning. The only reason those 'checks and balances' were created was to prevent the majority from voting away the minority's wealth. John Adams openly advocated for it and crafted it into the constitution. > people may freely criticize the government Meaningless. Americans havent been able to effect any change in economic or foreign policy for ~50+ years now. Even the Civil Rights gains were eroded systematically. > peoples ability to know what's happening or criticize their government Chinese can openly criticize anything as long as it doesnt take the form of trying to depose the state. Anything that is censored goes into a central database to be used as statistics to improve policy. What are Americans doing in the meantime? Watching a sh*tshow as their country murders children overseas while Americans themselves are not able to even get by. And all of this without mentioning how the US government is openly persecuting and even prosecuting anyone who criticizes the genocide that a foreign government is committing. > sheer ignorance The people who dont even know the history of their own constitution and how it was crafted and by whom should shut up about ignorance.

52 points by bookofjoe 1y ago

This is the funniest headline I've seen all month

Geopolitics discussion question... As a corollary, would the ~$1T of (mostly?) state-backed investments into the developed world then imply a fairly large exposure to potential asset forfeiture/freezing in the event of a Taiwan invasion (analogous to the ~$300B in Russian assets frozen pending Ukraine)?

FridayoLeary 1y ago
People assume China is an incredibly smart entity who won't make major errors like Western nations do, when everything we know tells us authoritarian regimes are more incompetent. I don't think it's so deep. They are an economic superpower with deep pockets and are not averse to taking huge risks. So far it's going their way. Another thing is that they can break half the world in a couple of months if they like. They even did it once already by accident.
- Incipient 1y ago
  I mean you could be right that the Chinese govt was simply investing in overseas businesses...and by pure chance it HAPPENED to be one with a list of various CIA personnel. ...even I don't believe in coincidences so convenient however...
  - FridayoLeary 1y ago
    Not saying this one wasn't deliberate. Just that in general don't assume they never make mistakes.

monerozcash 1y ago

CIA gets insurance for their agents? That seems rather bizarre. This seems to be specifically about liability insurance. If I'm for example a Chinese government employee working for the CIA, what kind of liability will this insurance cover?

mmh0000 1y ago
There’s literally insurance for everything you can think of. There’s even insurance for insurance! It’s not a bad deal for either side. The CIA doesn’t have to pay if an agent does something naughty and the insurance company gets a standard income. Just wait until you hear about employers taking out life insurance policies on their employees. https://clark.com/insurance/has-your-employer-taken-out-life-insurance-on-you/ https://clark.com/insurance/has-your-employer-taken-out-life...
- monerozcash 1y ago
  > The CIA doesn’t have to pay if an agent does something naughty and the insurance company gets a standard income. But CIA agents are kind of inherently doing something naughty, and the CIA doesn't have to pay either way. Who would the insurer be paying? The Chinese government? I don't think a Chinese CIA agent would be facing any meaningful financial liability if caught.
MrMorden 1y ago
Standard FEPLI but also any USG employee stationed overseas needs the usual set of insurance policies, and specialist providers are familiar with the applicable laws (e.g., their computers don't insist on a local driver's license when there's a treaty allowing the subscriber to use their home country's). https://www.clements.com/personal/foreign-service-insurance/ https://www.clements.com/personal/foreign-service-insurance/
- monerozcash 1y ago
  I don't think CIA agents are typically considered USG employees.

guesswho_ 1y ago

[dead]

zrn900 1y ago

I trust China more than I trust any US government agency. It was the US who was doing 'rendition flights' to kidnap random countries' citizens and then torture them nonstop. Some of those kidnapped still havent been released after 20 years.

guywithahat 1y ago
Boy are you in for a surprise when you learn what China does to its own citizens. There is a certain irony that when a government has checks and balances, it can investigate itself, make the information public, and people may freely criticize the government. If you remove peoples ability to know what's happening or criticize their government, it can appear more fair but only through sheer ignorance
- zrn900 1y ago
  > Boy are you in for a surprise when you learn what China does to its own citizens. Hanging corrupt officials and bankers? Horrible. > checks and balances Anti-democratic concept that Americans keep throwing around without knowing its meaning. The only reason those 'checks and balances' were created was to prevent the majority from voting away the minority's wealth. John Adams openly advocated for it and crafted it into the constitution. > people may freely criticize the government Meaningless. Americans havent been able to effect any change in economic or foreign policy for ~50+ years now. Even the Civil Rights gains were eroded systematically. > peoples ability to know what's happening or criticize their government Chinese can openly criticize anything as long as it doesnt take the form of trying to depose the state. Anything that is censored goes into a central database to be used as statistics to improve policy. What are Americans doing in the meantime? Watching a sh*tshow as their country murders children overseas while Americans themselves are not able to even get by. And all of this without mentioning how the US government is openly persecuting and even prosecuting anyone who criticizes the genocide that a foreign government is committing. > sheer ignorance The people who dont even know the history of their own constitution and how it was crafted and by whom should shut up about ignorance.