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November 13, 2008
Quote du Jour: PBGC's Circular Insurance Stategy
I'm working on something longer about the troubles at pension insurer Pension Benefit Guaranty Corporation, but this P&I quote from Jeffrey Brown at the University of Urbana-Champaign was just too good not to share:
Why would an insurance company invest in the same asset that they're insuring?
Why indeed.
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