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Wall Street Pursues Profit in Bundles of Life Insurance Queued

New York Times | Sep. 5, 2009 (News Report)

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. Full Story »

Posted by Dwight Rousu - via Tim O'Reilly, OneRiot, New York Times (Most Emailed)

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Subjects: Business
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# Diggs: 65 (as of 2009-09-08)
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Posted by: Posted by Dwight Rousu - Sep 5, 2009 - 6:51 PM PDT
Reviewed by: Chris Finnie (review)
Content Type: Article
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Edited by: Chris Finnie - Sep 6, 2009 - 10:52 AM PDT

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  • Death Bonds: Wall Street Teams Up With Insurance Companies to Kill People, Reap Profits

    Common Dreams by Sally Kohn | Sep. 8, 2009 (News Analysis)
    Wall Street's latest scam is to bundle life insurance policies purchased from the sick and the elderly into securitized death bonds and funds. The earlier the group of ...
    Posted by Dwight Rousu
    3.9
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