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GSBN:Straw Bale Mutual Insurance Co. ?
Just a ran-dumb thought regarding this insurance hub-bub ...
I haven't looked at the stats lately but I'm wondering if there are enough
SBH and SB enthusiasts around the world to create a "Straw Bale Mutual
Insurance Company" whereby we put some of our spare cash into an aggregate
fund which is ostensibly intended to "insure" SBH for official purposes but
in reality, it would just be a place to temporarily stash money which if
invested wisely would yield the same returns (or more) as any other
Is there a minimum required before a group can be recognised as an insurer
for official purposes ? Would $5 million suffice ? (ie Quick wild-@$$
guesstimate ... 1000 baleheads globally, each with $5k to invest)
Since it would be a puny company it would have to be very rigorous in it's
inspections & conditions but I think that's a Good Thing all around.
If we as a community aren't willing take the risk, then can we really
expect the Usurers to do so ?
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Robert W. Tom
Kanata, Ontario, Canada
please visit: http://www.theHungerSite.com daily
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