farmer448

Wall Street's latest get rich quick scheme: Securitizing life insurance policies.

An interesting twist on Death Panels. Step right up and spin the wheel of death to get an early payout on you life insurance.
A great plot for Law and Order as a bond holder hires a hit man to get his bonds to pay out. Whoopee.

This is very similar to when companies bought policies where the company was the beneficiary on their employees. Maybe Wall Street should talk to WalMart about how it that idea worked out.

Needless to say the government better wonder about the Ethical issues here as well as the financial.