Light-touch London

The lure of gain will always outweigh the risk of loss when you're gambling with someone else's money. I wouldn't be risk-averse either if I had millions in other people's savings to play with and the worst that could happen to me was an early retirement and a disappointing final bonus. "Too gentle" doesn't come into it.

I believe a slight deciphering of the words used in the video are needed. For example.

"They thought they had insurance to protect themselves"

Now this statement is made about men earning several million a month. And these men "thought they had insurance".

If these men knew anything about insurance, they would know, it too, is a gamble, in itself. On top of whatever you are gambling on, and trying to protect.

That tiny oversight, also seems to make light of the fact, that they knowingly went beyond the guidelines of the underwriting of said insurance.

Now you could argue that loopholes, misunderstandings and poor underwriting guidelines, lead to making murder for hire, legal too. Or at least a battalion of barristers might.
But I believe it would be more obvious, that a crime was knowingly committed because we all know that murdering for profit is wrong. Or at least that is what we were taught by our parents. Or most parents taught that. Or some of our parents taught that. Maybe just my mom?

Surly some have died from this last crises, if only from the duress created by those just clawing at "profit". If this is their idea of profit, I would hate to see their idea of loss.

But London has her hands tied. She is running an even larger Ponzi scheme herself. That is why it is all just shuffled under the carpet, and the same little folk making and doing most of the things in the community, the work, just absorb the loss.

On a side note I know that if I forget to mention to someone that they must pay upon pickup, of material, I take heck, even when small amounts of money are involved.
Certainly a huge difference in forgiveness of responsibility. It appears if you make the really big bucks all is forgiven as well. No matter how much you cost the company or the country.

Here is another great statement "The Euro allowed a lot of innovation".

When I forget to tell someone that they must bring a check to pay for something, which is not even my job. I am going to try this out on the boss, "I thought the expected innovation of the Euro, would make it all ok". Lets see what happens.

I believe another statement she made might have said it all.

Approximate quote.

"Insurance is like two people gambling one that he will get into an accident and the other gambling the same individual will not get into an accident".

From a purely sane business aspect, if you are gambling you will get into an accident, why does the insurance company want the business?

Insurance was by definition a pool, handled by the tiniest amount of people possible. Often for free because they were members of the pool, or received for their service protection as if they were paying into the pool.
The pool was created by those wanting protection incase of an accident or theft.
If the pool was ever over tapped, everyone chipped in a few more bucks and they either frantically found out why the accidents were happening, and fixed the underlying problem. Or they were doomed, up-front, before they went on in ignorance of the known danger. And created an even bigger future disaster.

Today it is all hushed up, they do not want you to know the odds, or how it works. Because most would not take those odds. Unless they were up against a wall.

Where are the honest con men, when we need them? A lock of leprechauns hair for a hundred bucks, along with a real chance to get rich.
At least you could try that scheme out on someone else and sleep at night. If you beat someone that stupid out of hundred who cares?

In America we have government run lotto. A good honest con.

Sincerely,

William McCormick