Sep 6th, 2009 | Life Insurance survey

Times: Wall Street bankers plan to buy life insurance policies that ill and elderly people sell for cash and package hundreds or thousands of them together into bonds


Read more about the new Wall Street trend of buying life insurance for cash.


Times: Wall Street bankers plan to buy life insurance policies that ill and elderly people sell for cash and package hundreds or thousands of them together into bonds


By Politicass
21 votes, 49 views , 1 comment
 
 
Poll tags:Life Insurance, Wall Street, Bonds, Bankers

 
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1 Comment
Monzini
(Reply)
Monzini
Ohio, United States

posted Sep 28th, 2009 at 01:38 CDT

If the inherent stupidity in this scheme isn't self-evident, it can't be explained to you.
 
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