Rare coin saves house from forclosure
stonej
Arizona Coin Collector
"stonej" <sto...@mail.lib.msu.edu> wrote in message
news:6b70e4a4-b8cb-4f42...@2g2000hsn.googlegroups.com...
> http://www.wkyc.com/news/local/news_article.aspx?storyid=96088&catid=3
Hello
Sorry for ranting here. Are we heading for another
Great Depression of the 1930's? Will unemployment
Reach twenty-five percent, as it did back in 1933?
I am beginning to think we are heading in that
Direction.
I have notice that during the 1930's, the United States
Experience a number of natural disasters that lead to
A great loss of life, and economic hardships. In some
Ways, it contribute to the "Great Depression". Here are
Three examples.
The Dust Bowl
The 1926 Miami Hurricane
New England Hurricane of 1938
From 2000 to now, the United States have seen it's
Share of natural disasters and a terrorist attack that
Has also lead to a great loss of life, and economic
Hardships.
911 Terrorist Attack
High number of Forrest Fires and Homes destroyed
Hurricane Katrina
Hurricane Rita
Hurricane Gustav
(Hurricane Ike?)
Nine percent of mortgages today in the United States,
Are either delinquent, or in foreclosure. This is do to
The deregulation that was done back in the late 1980's
And 1990's, on investment banking on sub-prime loans.
I have three houses down the street from me that the
Owners walked away from. High weeds in the front yard.
Deregulated energy cost has added to straight months
of unemployment going up. The current unemployment is
Now at 6.1 percent in the United States.
Sorry for ranting so. I just know a number of people
I worked with at Honeywell International, that can't
seem to find work. I was laid-off back in March of
2003 (the last recession). I am working but for much
less these days.
---- Shit Happens ----
Bruce Remick
"Arizona Coin Collector" <nos...@nospam.com> wrote in message
news:YvqdnSQ5OsQmdVzV...@earthlink.com...
>
> "stonej" <sto...@mail.lib.msu.edu> wrote in message
> news:6b70e4a4-b8cb-4f42...@2g2000hsn.googlegroups.com...
>> http://www.wkyc.com/news/local/news_article.aspx?storyid=96088&catid=3
>
>
> Hello
>
> Sorry for ranting here. Are we heading for another
> Great Depression of the 1930's? Will unemployment
> Reach twenty-five percent, as it did back in 1933?
> I am beginning to think we are heading in that
> Direction.
So the percentage of employed workers dips from roughly 95% to 94% and
you're worried about another Great Depression? Most other countries would
love to be able to claim those numbers. You seem to be looking for things
to worry about and are probably more hung up on national averages than on
your own situation.
John Mazor
"Bruce Remick" <rem...@cox.net> wrote in message
news:j6mwk.30978$_s1....@newsfe07.iad...
What really makes it hard is separating causation from coincidence.
We have many complex systems that generate events that may or may not
have been influenced by events from other systems. Sometimes there is
a coupled causation effect, more often there is none or at most a
trivial one. It's not surprising that average Americans might draw
erroneous connections between economic developments, or political
conclusions like "we haven't had any terrorist attacks since the
PATRIOT Act and the invasion of Iraq so it we need to keep doing both
because that must be what's keeping us safe."
Bruce Remick
"John Mazor" <maz...@verizon.net> wrote in message
news:fwowk.724$393.117@trnddc05...
For whatever reason, some people do tend to get hung up on national numbers
and percentages, even though they may be comfortable in their job and
everything else. They worry if it is announced that grocery prices rose 1%
last quarter, even though in theory that means their $200 bill will now be
$202, assuming all the same items are purchased each trip. National
unemployment figures should mean little to most people, regardless of
whether they have a job or not. Their own situation is what matters. The
same with home foreclosure rates; either you're affected or not. Worrying
about the national averages is silly, unless you're in the banking or real
estate business, or own securities that are affected.
John Mazor
I don't want to wander even farther afield here, but you've now
invoked the psychological phenomenon of how people assess and react to
risk. If you double the fatality rate for air travel, the odds of you
dying on a given flight would go from one in ten million (or whatever
it is) to two in ten million. Even at the doubled rate the risk is
trivial. However, the most dangerous part of your trip is driving to
and from the airport, so if you double the driving fatality rate,
that's a much more significant increase in risk. But which increase
in risk would the average person worry more about?
Such varying perceptions of risk apply equally to concerns about
developments in the economy, world events, etc. I'm sure they figure
into the severity of the predictions about gold and silver markets.
What does it really mean for gold that the government has announced
that it will take over Fannie Mae and Freddie Mac? FRB critics will
tie the two together closely, whereas a less ideologically driven
observer might take much more note of something more obscure, say,
political unrest in a major gold-producing country.
Nick Knight
>same with home foreclosure rates; either you're affected or not. Worrying
> about the national averages is silly, unless you're in the banking or real
> estate business, or own securities that are affected.
Or looking to sell, buy or switch houses, which widens the concern quite a
bit. I know I'd lose some money on my house of 8 years if I sold it today.
Which I might be considering, except it works better for me to wait just a
couple of more years until all the kiddies are out on their own.
But I agree. The news catches hold of something, they fill their alloted
time with it, and it's at the top of everyone's mind, whether they are
really feeling anything or not. I know, technically, I'm better off now
that I was 8 years ago <said with a political smirk :>
Switching back to the original post ... this all happened in "my
neighborhood". Parma is the largest Cleveland suburb by a long-shot so
being in the same city doesn't mean you're close, but this "Cash-4-Gold"
shop is a few minutes drive from me. I cringed a little reading the
article. This is the last place I'd think to take my rare coin(s) to sell.
Nobody is saying how much the coin sold for ... too bad. I wonder if the
shop owner knew he'd be on local news and in somewhat of a national
spotlight. I saw him on TV this morning again. I applaud his overall
honesty, as I'm sure he could have claimed it was a common date coin, but
the homeowners probably shouldn't have been so quick to bite. Ah, maybe he
showed them a greysheet listing. Looks like a sharp coin from the
not-so-great pic w/the article.
What's the greysheet say for this coin in XF, AU and MS60, please?
Anyone??
If they roll the story again tomorrow AM, I'll try to tivo it. They show
some quick closeups of the coin in question. Wait! I'll check WKYC's
website too. I remember watching the top stories over the internet when I
was at the Phoenix ANA last spring (and Cleveland got hit my a monster
snowstorm). Maybe this story is online.
Nick
Kenneth Zinger
up. The current unemployment is Now at 6.1 percent in the United >States.
Many years ago our corrupt politicians converted the metrics in order to
keep high unemployment numbers from smearing them politically.
The number of jobless able-bodied individuals seeking work is actually in
double digits percent. Don't forget that your Dept. of Labor statistics are
nothing but deflated propaganda. And they don't include workers whose
benefits have expired or other "discouraged" seekers. Welcome to the new
and improved "Amerika", comrade.
Kenneth Zinger
numbers
> and percentages
No need to get hung up on them, since they are all inaccurate or lies.
Kenneth Zinger
> you're worried about another Great Depression? Most other countries would
> love to be able to claim those numbers. You seem to be looking for
things
> to worry about and are probably more hung up on national averages than on
> your own situation.
Give this man a dunce cap and idiot of the day award.
Kenneth Zinger
National
> unemployment figures should mean little to most people, regardless of
> about the national averages is silly, unless you're in the banking or real
> estate business, or own securities that are affected.
You could be spoon-fed a bowl of shit and would swear it tastes like candy.
Bruce Remick
"Kenneth Zinger" <zing...@apple.spam.net> wrote in message
news:sK-dnZLkceIuNV_V...@bright.net...
I presume here you're speaking from experience?
MJKolodziej
"stonej" <sto...@mail.lib.msu.edu> wrote in message
news:6b70e4a4-b8cb-4f42...@2g2000hsn.googlegroups.com...
> http://www.wkyc.com/news/local/news_article.aspx?storyid=96088&catid=3
I get a kick out the the replies about that article.
mk
BobR
The news media is always reporting percentage in surveys, but, seldom (if
ever) give the numbers. I'll test this:
I go out front of my house a corner a guy.
me: "Hey, who do you like in the next election?"
guy1: "McCain".
I call the tv station and report that 100% of those interviewed want McCain!
They ask how many people I talked to (hmm, they never tell me. Why should I
tell them. Oh well, I'll humor them). One, I say. Well, you need to
interview more than one, they inform me.
Back out front, corner a second guy.
me: "Hey, who do you like in the next election?"
guy2: "Obama".
I call the tv station and report that 50% of those interviewed want McCain
and 50% of those interviewed want Obama! They ask how many people I talked
to. Two, I say. Well, you need to interview more than two, they inform me.
Back out front, corner a third guy.
.........................<G>.
Bottom line, elect me president and supreme ruler of the world! I'll make
the politicians pay the taxes! :-}
--
Bob R
POVrookie
sgt23
wrote:
I'm sorry but Hurricane Gustav was an over reaction, like ever
Hurricane is now since Katrina. A hurricane like Katrina only happens
maybe ever 5 or 10 years. We are living in an over hyperinflated
economy and times. Sorry stop worry so much. We are along ways from
what happen 1929. I don't see lines at unemployment offices going on
for couple blocks and we would see a lot more looting and robberies
than we do. So don't start going crazy over nothing! So take you blood
pressure meds, set back, and take it easy. Watch a little football or
some kinda sports!
Paul Ciszek
In article <532d9c69-4a97-40b7...@z72g2000hsb.googlegroups.com>,
sgt23 <bravesfa...@yahoo.com> wrote:
>
>I'm sorry but Hurricane Gustav was an over reaction, like ever
Was it? I would think that evacuation of neighborhoods below sea level
would be a good idea in *every* hurricane that makes landfall in NO.
This was also the first real test of the repaired levees; none failed
catastrophically, but some were overtopped. I would think that this
would indicate that any hurricane worse than this one would be a serious
problem.
--
Please reply to: | "One of the hardest parts of my job is to
pciszek at panix dot com | connect Iraq to the War on Terror."
Autoreply is disabled | -- G. W. Bush, 9/7/2006
Bruce Remick
"sgt23" <bravesfa...@yahoo.com> wrote in message
news:532d9c69-4a97-40b7...@z72g2000hsb.googlegroups.com...
*************
What part of Gustav was an over reaction? Preditions of a possible Cat3
landfall? Prudent evacuation of low-lying, flood-prone areas? Using your
logic, paying your annual life, home, and auto insurance premium is usually
an over reaction, too.
Nick Knight
>Was it? I would think that evacuation of neighborhoods below sea level
>would be a good idea in *every* hurricane that makes landfall in NO. This
>was also the first real test of the repaired levees; none failed
>catastrophically, but some were overtopped. I would think that this would
>indicate that any hurricane worse than this one would be a serious problem.
Which begs the obvious-to-me, but probably unpopular-with-others question
...
Why do my tax dollars go to rebuilding "neighborhoods below sea level" (and
various other buildings and structures) instead of moving them?
Particularly when a hurricane "worse than this one" will come and be a
serious problem? And that may happen this week, or next, but it WILL
happen.
You can't rebuild some things, like human lives. Sure, living on a coast
sounds attractive, unless it's proven to be plain dangerous.
They rebuilt (over) a couple of cities in Italy, too. I'd love to see them
... to visit, but I'd never want to live there. At least volcanoes are a
magnitude or several rarer than hurricanes.
All off topic, but it is a topic that has been bugging me.
Nick
Paul Ciszek
In article <48c5e5bc$1$avpx$mr2...@news.east.cox.net>,
Nick Knight <bhnc...@mr2ice.com> wrote:
>In <ga3g2s$1ur$1...@reader1.panix.com>, on 09/08/2008
> at 03:24 PM, nos...@nospam.com (Paul Ciszek) said:
>
>>Was it? I would think that evacuation of neighborhoods below sea level
>>would be a good idea in *every* hurricane that makes landfall in NO. This
>>was also the first real test of the repaired levees; none failed
>>catastrophically, but some were overtopped. I would think that this would
>>indicate that any hurricane worse than this one would be a serious problem.
>
>Which begs the obvious-to-me, but probably unpopular-with-others question
>...
>
>Why do my tax dollars go to rebuilding "neighborhoods below sea level" (and
>various other buildings and structures) instead of moving them?
>Particularly when a hurricane "worse than this one" will come and be a
>serious problem? And that may happen this week, or next, but it WILL
>happen.
>
>You can't rebuild some things, like human lives. Sure, living on a coast
>sounds attractive, unless it's proven to be plain dangerous.
Others have made the case for why there needs to be a port city at the
mouth of the Mississippi. Apparently a fair number of New Orleans'
problems come from government projects gone awry, that have removed the
barrier islands and various forms of natural flood control. I do agree,
though, that Americans just aren't smart, competent, or community-minded
enough to successfully build below sea level the way the Dutch have.
During their last catastrophic dike failure, you didn't have Dutch police
shooting people who were trying to leave flooded areas.
>They rebuilt (over) a couple of cities in Italy, too. I'd love to see them
>... to visit, but I'd never want to live there. At least volcanoes are a
>magnitude or several rarer than hurricanes.
Actually, those volcanoes are right where they always were and still
active, so their rarity doesn't figure into it much.
Bruce Remick
"Nick Knight" <bhnc...@mr2ice.com> wrote in message
news:48c5e5bc$1$avpx$mr2...@news.east.cox.net...
> In <ga3g2s$1ur$1...@reader1.panix.com>, on 09/08/2008
> at 03:24 PM, nos...@nospam.com (Paul Ciszek) said:
>
>>Was it? I would think that evacuation of neighborhoods below sea level
>>would be a good idea in *every* hurricane that makes landfall in NO.
>>This
>>was also the first real test of the repaired levees; none failed
>>catastrophically, but some were overtopped. I would think that this would
>>indicate that any hurricane worse than this one would be a serious
>>problem.
>
> Which begs the obvious-to-me, but probably unpopular-with-others question
> ...
>
> Why do my tax dollars go to rebuilding "neighborhoods below sea level"
> (and
> various other buildings and structures) instead of moving them?
> Particularly when a hurricane "worse than this one" will come and be a
> serious problem? And that may happen this week, or next, but it WILL
> happen.
I wish I could select where my tax dollars go. Something like a citizens'
"line item veto" maybe. Since I can't, and since I have little or no voice
in the matter, I guess I could accept the rebuilding of neighborhoods below
sea level well ahead of many other government uses of my money. Just close
your eyes and grit your teeth.
sgt23
> In article <532d9c69-4a97-40b7-9629-037ad43a0...@z72g2000hsb.googlegroups.com>,
>
> sgt23 <bravesfandevo...@yahoo.com> wrote:
>
> >I'm sorry but Hurricane Gustav was an over reaction, like ever
>
> Was it? I would think that evacuation of neighborhoods below sea level
> would be a good idea in *every* hurricane that makes landfall in NO.
> This was also the first real test of the repaired levees; none failed
> catastrophically, but some were overtopped. I would think that this
> would indicate that any hurricane worse than this one would be a serious
> problem.
>
> --
> Please reply to: | "One of the hardest parts of my job is to
> pciszek at panix dot com | connect Iraq to the War on Terror."
> Autoreply is disabled | -- G. W. Bush, 9/7/2006
Evacuation's are normal for a hurricane yes, but the media acting like
its the end of the world everytime a hurricane happens has only happen
recently. It just sickens me how they feed lies to uneducated people,
and make it sound like every hurricane is going to destory oil riges,
and if one hit New York it would mean the end of America. They know it
will cause panic and people will spend money they do not have, it
doesn't even have to be near they're house. I atleast asked that they
educated people alittle bit better than this.
tony cooper
<bravesfa...@yahoo.com> wrote:
>
>Evacuation's are normal for a hurricane yes, but the media acting like
>its the end of the world everytime a hurricane happens has only happen
>recently. It just sickens me how they feed lies to uneducated people,
>and make it sound like every hurricane is going to destory oil riges,
>and if one hit New York it would mean the end of America. They know it
>will cause panic and people will spend money they do not have, it
>doesn't even have to be near they're house. I atleast asked that they
>educated people alittle bit better than this.
Where do you live, sgt? I live in Florida, and have been visited by
hurricanes several times. At this moment there's a 60', 15" diameter,
pine tree lying across my front yard. Luckily, it fell parallel to
the house and not towards the house. Last year two other pines blew
done in my yard. One missed the front of my house by about 12 feet.
There are areas within 30 miles of me where the flood water ruined
dozens of houses, and the water level is still 3 feet deep in the
those homes.
And the hurricane, Fay, didn't really hit in this area. We were on
the edge of the most serious destruction and suffered more from flood
than wind.
Yeah, the media hypes up the hurricane news, but hurricanes are very
unpredictable and cannot be accurately tracked. They know the general
direction, but not the specific path. Most of the hype on the TV here
was updates on the current projected path.
--
Tony Cooper - Orlando, Florida
Mr. Jaggers
Oh, for the good old days when the advance warning of a hurricane was about
30 minutes. In those days, men were men, and the women were glad of it. It
helped make America strong and tough! Those people down there can just pull
themselves up by their own bootstraps, yessirree!
If you have a problem with what the media are producing, the solution is so
obvious that I'll not insult you by suggesting it.
James
Bruce Remick
*********
If becoming sick over media hype of hurricanes is your only problem,
consider yourself fortunate. Especially since the hurricanes apparently
don't effect you personally.
The media didn't enforce evacuation of low lying coastal areas prior to
Gustav. The local govenments did and they tried to make it as painless and
efficient as possible. Had the levees failed again in NO there may indeed
been issues of life and death there. And I don't recall any of the
media-fed "lies" you refer to.
I've yet to hear about any predictions of a New York hurricane causing the
"end of America". What in the hell stuff are you reading?
Voltronicus
> On Tue, 9 Sep 2008 20:34:25 -0700 (PDT), sgt23
>
>
> >Evacuation's are normal for a hurricane yes, but the media acting like
> >its the end of the world everytime a hurricane happens has only happen
> >recently. It just sickens me how they feed lies to uneducated people,
> >and make it sound like every hurricane is going to destory oil riges,
> >and if one hit New York it would mean the end of America. They know it
> >will cause panic and people will spend money they do not have, it
> >doesn't even have to be near they're house. I atleast asked that they
> >educated people alittle bit better than this.
>
> Where do you live, sgt? I live in Florida, and have been visited by
> hurricanes several times. At this moment there's a 60', 15" diameter,
> pine tree lying across my front yard. Luckily, it fell parallel to
> the house and not towards the house. Last year two other pines blew
> done in my yard. One missed the front of my house by about 12 feet.
You better send me your coins for safekeeping, just in case!
tony cooper
Hah! You are preying on a senior citizen with a dastardly scheme.
Voltronicus
> >You better send me your coins for safekeeping, just in case!
>
> Hah! You are preying on a senior citizen with a dastardly scheme.
Careful, lest you put Mazor in another tizzy and he starts raving
about 8 year old children, their lemonade stands and their evil plot
to victimize senior citizens.
John Mazor
"Voltronicus" <fwd...@hotmail.com> wrote in message
news:d656eca0-5dfb-43c9...@73g2000hsx.googlegroups.com...
Bravo! You get a 7.1 on actual wit for that. Much better than your
usual juvenile jabs.
But it's not lemonade stands, it's Girl Scout cookies. They get me
every time.
Mr. Jaggers
Did you have any of this year's peanut butter whatevertheycallits? Good
grief, the very first ingredient was sugar.
James the Plump
John Mazor
"Mr. Jaggers" <lugburzman[at]yahoo[dot]com> wrote in message
news:gac9e...@enews2.newsguy.com...
I'm a sucker for anything with peanut butter in it. But they could be
selling cookies made of Play-Doh sandwiched between recycled cardboard
and I still couldn't refuse the little urchins.
MJKolodziej
I'll tell you what: If you can find me a Gucci Striped and Patterned Dial
Bangle Ladies Watch rated "5 out of 5" and I think I'd have to buy it!
:)
mk
assuming you see spam
John Mazor
"MJKolodziej" <mjmwcsREMOV...@htcomp.net> wrote in message
news:gaco8l$an7$1...@registered.motzarella.org...
Dang it, mk, you made me look. And I was doing so well at ignoring
the spam here.
At best, I'd give them a 2 out of 5 because they're not stamped COPY,
but they may be just a whisper away from a virtual 3 because of the
unusual toning although I'm not a horologist or even a watch collector
so others might grade them as high as a 5+. Regardless of grade or
provenance, though, these are rare, hard to find, and well sought
after by collectors of fine knock-off timepieces everywhere, making
them a sure-fire winning investment at any price.
Paul Ciszek
>various other buildings and structures) instead of moving them?
>Particularly when a hurricane "worse than this one" will come and be a
>serious problem? And that may happen this week, or next, but it WILL
>happen.
>
>You can't rebuild some things, like human lives. Sure, living on a coast
>sounds attractive, unless it's proven to be plain dangerous.
Do you feel the same way about your tax dollars going to rebuild Texas?
Just checking.
Nick Knight
>>Why do my tax dollars go to rebuilding "neighborhoods below sea level" (and
>>various other buildings and structures) instead of moving them?
>>Particularly when a hurricane "worse than this one" will come and be a
>>serious problem? And that may happen this week, or next, but it WILL
>>happen.
>>
>>You can't rebuild some things, like human lives. Sure, living on a coast
>>sounds attractive, unless it's proven to be plain dangerous.
>Do you feel the same way about your tax dollars going to rebuild Texas?
>Just checking.
I haven't heard much about the problems in Texas yet, but I'm sure that will
change once I get to the news. However, if Texas has tried to fool mother
nature and claim land below sea level and placed their people and structures
in harm's way ... on purpose, then I will feel the same way. Storms or
other natural events can hit anywhere, but when you build your house at the
base of a rumbling volcano, no, I'd rather not be responsible for it or you.
Even if you build a heavy-duty picket fence to stop the lava flow.
Read what I wrote very carefully before you get too up-snipity. I was
extremely specific. As was my suggested remedy.
Nick
Paul Ciszek
In article <48cbbcf7$1$avpx$mr2...@news.east.cox.net>,
Nick Knight <bhnc...@mr2ice.com> wrote:
>
>I haven't heard much about the problems in Texas yet, but I'm sure that will
>change once I get to the news. However, if Texas has tried to fool mother
>nature and claim land below sea level and placed their people and structures
>in harm's way ... on purpose, then I will feel the same way. Storms or
Galveston was below sea level once the surge hit. As it was in earlier
hurricanes. Should it be rebuilt again?
Nick Knight
>Galveston was below sea level once the surge hit. As it was in earlier
>hurricanes. Should it be rebuilt again?
You've added conditions that didn't exist in my original statement or
resolution. Go figure.
Do you collect coins or just argue social issues? That's all your google
record shows ... don't see much, if any, "coin" substance. But, to borrow a
phrase from someone else here .... "Whatever".
Let's say you stand in front of some unknown door. The door opens from the
other side and smacks you upside the head. It hurts, you tumble to the
ground and a bunch of people help you up. Interestingly, you go stand in
front of that door again. If it doesn't open up again for another 100 years
or so, it won't seem like such a dumb idea, and the next time it does,
people will probably help you up. Again. However, if it's a high traffic
area and that door is knocking you down every couple of minutes or so, how
long will it take you (well, a "normal thinking person") to figure it out
and move? And how many times do you expect others will help?
To me, it's all about frequency and common sense. "Smack me upside the head
with that door, or even twice ...".
I've voiced my opinion on this once before, provided more here, and in
contrast to some here who don't think they have a say in how their tax
dollars are spent, I believe my opinion matters and can, actually, count.
At least as 1 voice in 200 million or so. A debate? Not interested. And
this isn't the proper place for this conversation. Hence, I'll place you in
my collection with the others of no coin substance.
<<plonk>>
Nick
Kenneth Zinger
news:gafs9m$3r4$1...@reader1.panix.com...
> Do you feel the same way about your tax dollars going to rebuild Texas?
> Just checking.
Our federal tax dollars should not be used to rebuild Texas. To suggest
they should is idiotic. Rebuilding homes and businesses is the
responsibility of insurance companies and if you have no insurance then it's
just too bad. Only Texas state taxes should be used to rebuild the Texan
infrastructure and when I say infrastructure, I am not referring to homes or
businesses.
Kenneth Zinger
> Galveston was below sea level once the surge hit. As it was in earlier
> hurricanes. Should it be rebuilt again?
Absolutely not. Unless someone wants to use private funds to rebuild it.
Rebuilding that cursed and doomed city is like building a straw hut at the
foot of an active volcano.
tony cooper
<zing...@apple.spam.net> wrote:
>"Paul Ciszek" <nos...@nospam.com> wrote in message
>news:gafs9m$3r4$1...@reader1.panix.com...
>> Do you feel the same way about your tax dollars going to rebuild Texas?
>> Just checking.
>
>Our federal tax dollars should not be used to rebuild Texas. To suggest
>they should is idiotic. Rebuilding homes and businesses is the
>responsibility of insurance companies
That's the way it is in Florida. Of course, the state steps in and
bails out the insurance companies.
Mr. Jaggers
Which insurance companies has the State of Florida bailed out, in what ways,
and to what extent?
James
Bruce Remick
"Kenneth Zinger" <zing...@apple.spam.net> wrote in message
news:9tmdnVOUU41381HV...@bright.net...
I could live with some federal assistance for Texas in rebuilding its key
infrastructure after Ike. We do the same elsewhere under similar
circumstances. But those jerks who built expensive vacation homes on the
Galveston shore on pilings with surf lapping underneath at high tide deserve
to bargain with whatever companies dared to insure the things in the first
place.
And those bozos who happily partied for the CNN cameras while refusing to
leave their coastal cafe prior to the hurricane's arrival, and who later had
to be rescued, should be made to pay for the service.
tony cooper
All of them. The state established the Florida Hurricane Catastrophe
Fund providing up to $11 billion taxpayer dollars to bail out the
private insurance companies. The insurance companies reinsure with
FHCF so their losses are limited.
Insurance companies play games. State Farm, for example, issues
homeowner's insurance by a Florida division of State Farm so only the
premiums and losses by the Florida division are incurred by State
Farm. State Farm can make a profit in other states, but claim a loss
in Florida and have that loss covered by FHCF. Allstate does the
same.
http://blogs.orlandosentinel.com/news_politics/2008/06/floridas-hurric.html
Mr. Jaggers
Show me a corporation that doesn't play games, and I'll...well, I'll wait to
see what you come up with before saying what I'll do. That's maybe a
fatalistic point of view, but I don't see anything or anyone on the horizon
to change the situation, do you? Complaining about this is about as
effective as complaining about third- and fourth-party coin grading.
James
PC
> Nick Knight <bhnc...@mr2ice.com> wrote:
>>
>>Why do my tax dollars go to rebuilding "neighborhoods below sea level"
>>(and
>>various other buildings and structures) instead of moving them?
>>Particularly when a hurricane "worse than this one" will come and be a
>>serious problem? And that may happen this week, or next, but it WILL
>>happen.
>>
>>You can't rebuild some things, like human lives. Sure, living on a coast
>>sounds attractive, unless it's proven to be plain dangerous.
>
> Do you feel the same way about your tax dollars going to rebuild Texas?
> Just checking.
>
Exactly my thoughts...