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 policyholders die, the bigger the return. Full Story »

Posted by Dwight Rousu

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Subjects: Business
Topics: Finance, Insurance
Member Tags: wall street, Death Bonds
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Posted by: Posted by Dwight Rousu - Sep 8, 2009 - 5:15 PM PDT
Reviewed by: Dwight Rousu (review), Tanya J. Maurer (review)
Content Type: Article
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Edited by: Dwight Rousu - Sep 8, 2009 - 5:15 PM PDT

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Dwight Rousu
3.8
 by Dwight Rousu - Sep. 8, 2009

The death bond bundling puts an interesting perspective upon the health insurance industry.

Dwight posted this story.
See Full Review » (12 answers)
Tanya J. Maurer
4.1
 by Tanya J. Maurer - Sep. 15, 2009
See Full Review » (11 answers)

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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.
    Posted by Dwight Rousu
    2.0
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  • Transcript: Why should anybody be allowed to engage in for profit health insurance?” Thom asks Michael Tanner, 27 August 2009 | Thom Hartmann Pending

    thomhartmann.com | Aug. 27, 2009
    Posted by Tanya J. Maurer
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