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Because they are considered high-risk and require high capital expenditure ( unlike Internet technologies which are very cheap and practically commoditized), banks are reluctant to finance them unless they are able to find government-secured financing.
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Further, when you remove the obligation that an insurance company be licensed in the state where they are selling, what you get are fly-by-night operations that sell very cheap policies that end up having very little in the way of benefits included in the policy.
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All these things have in common the fact that they don't weigh very much and are cheap to move, even over very long distances.
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If you take figures, you can see that these Baltic republics are getting our oil at very cheap prices, which they cannot get from the West, if they go it independently.
CENTERFORSECURITYPOLICY: Center For Security Policy