February 17, 2010
I always wondered why so many credit cards came from South Dakota
here's the story.
Ezra Klein uses it as an example of why insurance companies shouldn't be allowed to operate across state lines.
Ezra Klein uses it as an example of why insurance companies shouldn't be allowed to operate across state lines.
Posted by: chad98036 at
10:13 PM
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1
Klein is a hack. For example, he conveniently (cough) leaves out the example of auto insurance, which is very competitive, and in which national companies manage to insure according to state regulations.
Also, comparing credit to insurance is a bad joke. They're completely different products.
The entire piece is a big pile of steaming manure.
Posted by: Hermit Dave at February 17, 2010 10:51 PM (WhFvm)
2
Crop insurance
Life insurance
Car insurance
Flood insurance
Homeowner's insurance
All sold across state lines without horrible terrible nasty things happening.
Life insurance
Car insurance
Flood insurance
Homeowner's insurance
All sold across state lines without horrible terrible nasty things happening.
Posted by: Stephen Culbert at February 18, 2010 11:07 PM (jIcLf)
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