Re: Invalidity Dates

[Paul Koning <pkoning@xxxxxxxxx>]

>>>>> "Bob" == Bob Jueneman <BJUENEMAN@novell.com> writes:

 Bob> ...Michael Smith, who does work for a bank and whose knowledge of
 Bob> such issues I'm sure exceeds mine greatly, pointed out correctly
 Bob> that the absence of very specific "rules of the road"
 Bob> legislation, the more appropriate model is the cash model.  If
 Bob> you leave $3000 at home and you are robbed, the cash is gone,
 Bob> and you have no recourse other than your insurance company. 

The one issue I can see with this is that a certificate, unlike a
bundle of dollar bills, has no well-defined or even bounded value.  If 
I don't adequately protect my certificate, my exposure is not limited
in any way I can see.  With cash, the amount of exposure is exactly
equal to the amount I left lying around, and with credit cards, if the 
regulations limiting it to $50 didn't exist, would still be limited to 
the credit limit.

	paul