Streams

07-31-14- Marketplace- Insurers On Driverless Cars

Thursday, July 31, 2014

The holdout investors in the Argentina bond negotiations bought the bonds at a low price and are squeezing Argentina for a profit. Some people might say that makes the investors good businesspeople, but Argentina says it makes them vultures. We explain what vulture funds are, what they do, and how they provide a valuable service to the bond market. Plus, among the penalties handed out to Bank of America for its actions contributing to the mortgage crisis was a $1 million personal fine charged to a former manager. We look at why so few people are being held individually responsible for their actions. Also, the day of driverless cars being on the road as cars, not experiments, is nigh. We look at how insurers might adapt to this new category of vehicle.

Tags:

More in:

Leave a Comment

Email addresses are required but never displayed.

Get the WNYC Morning Brief in your inbox.
We'll send you our top 5 stories every day, plus breaking news and weather.

Sponsored

About Marketplace

Marketplace

Feeds

Supported by