the force is withIN you !!!!!!
Would you like to react to this message? Create an account in a few clicks or log in to continue.



 
HomePortalLatest imagesRegisterLog in

 

 wall street cashes in on death

Go down 
AuthorMessage
WineHippie
Contributor
WineHippie


Number of posts : 4229
Age : 71
Location : being
Humor : my sides hurt ...
Registration date : 2009-01-23

wall street cashes in on death Empty
PostSubject: wall street cashes in on death   wall street cashes in on death Icon_minitimeMon Sep 07, 2009 6:31 pm

"The New York Times published a pretty creepy article on Saturday (September 5th). The article focuses on Wall Street’s new plan to make money. What’s so bad about Wall Street making money?

Well, their new plan is to buy life insurance plans from elderly and sick people for cash. The example that the New York Times gives is someone selling a million dollar policy for a $400,000 payout, but the payout amount would all depend on the seller’s life expectancy. These “life settlements” would then be bundled together to form bonds that can be sold to investors. The investors would start paying for the person’s policy from then on. When the person dies, the investors collect on the policy. Apparently, the faster the person dies, the more money the investors make. However, regardless of whether you die sooner or later, Wall Street firms will profit off of fees collected from creating the bonds and facilitating transactions. You could say that Wall Street is planning to “securitize” people’s lives (or deaths, as it may be) into a kind of CDO. And we all know how great that whole CDO adventure played out for Wall Street, right? What could be dangerous about creating a similar class of financial products with sick people’s life expectancy as the focus?

Apparently, these type of “life settlement” investments aren’t new for banks. They already exist in a lot of portfolios. Whats new is the plan to securitize these “life settlements” and market them as a big-time asset class of their own. Keep in mind, this isn’t something banks are just talking about potentially doing. The Times states that Credit Suisse is “building a financial assembly line to buy large numbers of life insurance policies, package and resell them — just as Wall Street firms did with subprime securities.” Estimates are putting the market for this class of investment product at $500 Billion, according to the article."

rest is here: http://republicbroadcasting.org/?p=4302
Back to top Go down
http://doggone2009.blogspot.com
 
wall street cashes in on death
Back to top 
Page 1 of 1
 Similar topics
-
» OCCUPY WALL STREET
» occupy wall street
» Massive layoffs predictedfo Wall Street
» Waxman-sneaks-anti-vitamin-language-into-wall-street-reform-bill
» Expose: How Big Wall Street Firms Get Advance Word on Federal Reserve Activities

Permissions in this forum:You cannot reply to topics in this forum
the force is withIN you !!!!!! :: Conspiracies :: Mind Control/Symbolism/Other Conspiracies-
Jump to: