Florida Insurers were running a Ponzi scheme, got it. | Hacker News

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		wheelerwj 5 months ago \| parent \| context \| favorite \| on: Florida insurers steered money to investors while ... Florida Insurers were running a Ponzi scheme, got it.

toomuchtodo 5 months ago [–]

Still are.

https://news.ycombinator.com/item?id=42450680

https://news.ycombinator.com/item?id=41664750

whimsicalism 5 months ago | [–]

again, government at fault. it is beyond stupid that GSE mortgage backstops even exist in the first place

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