Re:Stock buybacks are dangerous for the economy
by ISL on Tuesday March 17, 2020 @03:02PM
(#22608835)
Agreed, rebuttal isn't quite the right word.
A broader question -- can a company that allocates that much capital to preparedness be expected to survive during normal times?
I don't think there is a re-insurer big enough to handle viable pandemic insurance. Such an entity/industry would need to hold >$1T in pure cash right now.
A broader question -- can a company that allocates that much capital to preparedness be expected to survive during normal times?
I don't think there is a re-insurer big enough to handle viable pandemic insurance. Such an entity/industry would need to hold >$1T in pure cash right now.