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Don't care about the ROI and only the multi-generational relationship? No problem. Just use your own fucking money then...
you have never heard of 'perks'...it didn't originate with call of duty junior.
"Paying a record amount for a pro sports team may or may not turn out to be a good bet. But if rich guys are going to buy their toys, they should probably use only their own money."
Epic line haha
Fucking ultimate endrun around the rules - gambling not with insured money......but with insurance money.
Really fucking bad idea and there's no way this will fly.
However, I wish I'd thought of it first ;D
From a Solvency point of view. Not only this will cost tons of money to the company (opportunity cost of investing somewhere else), but also this most probably will have huge capital requirements. At least 49% under Solvency II. So, 49% of 2 billions is 980 million in extra capital.
Do insurance companies fall under the 'too big to fail' heading? If things go south, the fallout....well, we've already gotten a taste of what that looks like. I call that this hits prime time news and is shot down.
If not, we are now seeing the seeds of the next crisis being sown.
no, too big to fail are just banks, knows as the G-SIB under basel 3.. they are required higher high quality capital buffers (CET1)
Zero factual details... completely speculative. Another "nice" piece of work, ARS.
Dodgers suck.....parking lot is the only valuable asset and McCourt still has his hand in that.
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