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October 2011

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8

quick, probably obvious insurance question

October 17, 2011 – Comments (9)

I have until the end of this week to enroll in my health benefits.  I never undertood insurance though.  Do insurance companies make money only on the investments, or do they also make money on the spread between what they take in and what they pay out?  Because if the insurance company makes money on the spread....why the heck would I want to buy insurance?  The insurance company wins, so I lose.  I will be paying more than my expected pay out...so how does health insurance make any sense?  [more]

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10

The bull case for credit unions

October 07, 2011 – Comments (8)

Are there any credit unions that are publicly traded?  All of these new checking fees are driving people out of big banks, and credit unions have better interest rates.  They are also less regulated, so it is easier for them to lend.  A lot of people are leaving big banks and dont care if the credit unions are fdic insured because they think all of the big banks will collapse and dont really understand FDIC insurance.  if the big banks are making the credit unions trade at low p/b ratios, I think they may be a steal, especially because 1) they dont hold a lot of european debt like the big banks do 2) the us economy is technically still growing  [more]

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