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14 Comments
"jpacebar" via Teemexis in Google Reader on April 18, 2012 at 8:13 pm.
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Alik U on April 19, 2012 at 7:29 am.
That would be an incredibly difficult calculation. The construction of CPI has changed several times since then, and have to go back to reconstruct it without all of those changes.The data to do so might not even be available.
DFK on April 21, 2012 at 3:23 pm.
Can the BANK insure against YOU defaulting? possible, but remote. There is a "credit insurance" that major, major corporations can buy, insuring their largest creditors against default. got MASSIVE deductibles.
If your loan was in the millions of dollars, slightly possible that it would be one of the top 10% of loans, and the bank COULD do it, but if it were, be talking to your risk manager and attorney instead of posting on the yahoo board.
You have no "insurable interest" to insure the loan against default. So you buy default insurance where YOU will get paid.
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