Re: how EXACTLY does this protect privacy?

[dmolnar]

On Fri, 14 Jul 2000, Marcel Popescu wrote:

> > Look at what happened to Lloyd's of London.
> 
> What happened?

The "names" (investors) of Lloyd's of London had unlimited liability for
the losses of the firm, "right down to the last cufflink." No one noticed
or cared much while Lloyd's was doing well. In the mid-1990's, a series
of unlucky events caused Lloyd's to pay up a few too many times, and some
of the "names" found out what "unlimited liability" really meant...

-David