Submitted by 2ndSifter t3_zy8y3e in wallstreetbets
0dteSPYFDs t1_j262kvg wrote
Reply to comment by robbinhood69 in Progressive: The Valuation Enigma by 2ndSifter
To ensure adherence to the plan and have a 3rd party guaranteeing the first party’s assets, or lack thereof. Again, it’s the same concepts of compliance and risk management. This is done to avoid contagions like the 2008 GFC.
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