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Roman Fire Deal

From the New Yorker:

[Rich Roman politician Marcus] Crassus had his own private fire department, and if your house caught fire his representatives would offer to buy it on the spot, at a one-time-only, fire-sale price that would fall rapidly as the flames climbed. If you said yes, you’d get a few sesterces, after which Crassus’ firefighters would do their thing. If you said no, you’d end up with a pile of ashes. (No public option being available, few owners were in a position to quibble.