It reminds me of the time that Lloyd’s of London allowed non-professional investors to become underwriters. Most of the newbies didn’t realize they were putting their personal wealth on the line. When some catastrophe or other depleted Lloyd’s coffers, some regular people lost their homes and life savings.
pschearer Premium Member almost 11 years ago
It reminds me of the time that Lloyd’s of London allowed non-professional investors to become underwriters. Most of the newbies didn’t realize they were putting their personal wealth on the line. When some catastrophe or other depleted Lloyd’s coffers, some regular people lost their homes and life savings.