How will the exchanges work? Exactly like the Toxic Assets Bundles that crippled the R/E market, without a basis of underwriting, analysis of adjudication, and a determination of prorata without risk mitigation, it will FAIL. Say 5 to 7 years; just like it did in the R/E market, just like it did for Enron, just like it did for Madoff. The only hope of payment of benefits is based on the hope that they will pay their premium... just like the banks hoped people would pay their mortgages.
How will the exchanges work? Exactly like the Toxic Assets Bundles that crippled the R/E market, without a basis of underwriting, analysis of adjudication, and a determination of prorata without risk mitigation, it will FAIL. Say 5 to 7 years; just like it did in the R/E market, just like it did for Enron, just like it did for Madoff. The only hope of payment of benefits is based on the hope that they will pay their premium... just like the banks hoped people would pay their mortgages.
valenciacityx 10 months ago