Sorry Sooly, this is bullshit: 1) If you spent any time in the US construction industry you’d know it’s a decentralized chaotic mess full of contractors who can barely project their work a few months out let alone coordinate a conspiracy with Wall Street. Especially residential construction. 2) CA changed laws trying to force insurance companies to keep premiums low, AFTER multiple other fires in previous years, lots of insurance companies left the state and ALL of them added additional requirements like professional roof cleaning/inspection resulting. This is a classic failure of non free market policies, pure stupidity. 69% was not just State Farm, that was all insurers, and that’s a misleading number because most of them signed up for FAIR in lieu of private insurance. 3) Nobody can predict the wind. Especially not bankers/wall street/etc. and sure as fuck not contractors. Arson? Maybe. But the winds were insane and the power infrastructure is not well maintained because of bad policy with a history of causing fires. (and the number of people affected by power outages is over 400,000 FYI). 4) Wall Street and Bankers couldn’t give a fuck about the construction industry. Probably one of their least favorite sectors. It’s not a massively profitable business and comes with tons of risk. Especially in California. Think before knee-jerk posting some incendiary bullshit for conspiracy-minded Bitcoiners to lap up.