weirdbeardgame@lemmy.world to News@lemmy.world · 1 year agoInsurance 'nightmare' unfolds for Florida homeowners after back-to-back hurricaneswww.nbcnews.comexternal-linkmessage-square96linkfedilinkarrow-up1463arrow-down14
arrow-up1459arrow-down1external-linkInsurance 'nightmare' unfolds for Florida homeowners after back-to-back hurricaneswww.nbcnews.comweirdbeardgame@lemmy.world to News@lemmy.world · 1 year agomessage-square96linkfedilink
minus-squarekata1yst@sh.itjust.workslinkfedilinkarrow-up5arrow-down14·1 year agoI modified it slightly to suit the situation. Why do you not think a Ponzai scheme fits?
minus-squareScipitie@lemmy.dbzer0.comlinkfedilinkarrow-up30·1 year agoBecause a Ponzi scheme revolves around paying past people with fresh money without using it as promised at all. Insurances (when fraudulent) collect money but don’t pay out anyone unless forced by lawsuits. Ponzi schemes are s vers specific financial tactic. See https://en.m.wikipedia.org/wiki/Ponzi_scheme
minus-squarekata1yst@sh.itjust.workslinkfedilinkarrow-up7arrow-down19·1 year agoI guess I see enough parallels to call it “close enough”, but I guess that’s a matter of perspective.
minus-squaresolsangraal@lemmy.ziplinkfedilinkEnglisharrow-up11arrow-down1·1 year agomeanwhile the people taking your money and giving you nothing in return are laughing at the fact that people are spending time debating “what kind of scam” it is
minus-squareboydster@sh.itjust.workslinkfedilinkEnglisharrow-up21arrow-down1·1 year agoI don’t understand the pun you are going for here
I modified it slightly to suit the situation.
Why do you not think a Ponzai scheme fits?
Because a Ponzi scheme revolves around paying past people with fresh money without using it as promised at all.
Insurances (when fraudulent) collect money but don’t pay out anyone unless forced by lawsuits. Ponzi schemes are s vers specific financial tactic.
See https://en.m.wikipedia.org/wiki/Ponzi_scheme
I guess I see enough parallels to call it “close enough”, but I guess that’s a matter of perspective.
meanwhile the people taking your money and giving you nothing in return are laughing at the fact that people are spending time debating “what kind of scam” it is
deleted by creator
I don’t understand the pun you are going for here