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by arethuza 4887 days ago
I wonder if that "insurance" was the same cunning plan as the UK banks selling interest rate swaps alongside loans to small businesses?

http://www.bbc.co.uk/news/business-21275527

1 comments

Not quite the same thing but a bad idea for the consumer nonetheless. Our loans are price-index fixed. There is a consumer index calculated by our benevolent government organization that calculates the index based on the sale value of common household goods and essential costs like the price of gasoline. This mean that if the government raises gas taxes (like they did here - twice) that in turn causes your loan interest to rise. Ingenious, right?