First it was mortgage on houses which were bundled and sold over and over again until the US had the worst financial meltdown since the great depression. Now they are betting on your life, death bonds. Life insurance is being bundled and sold over and over hoping people will die soon and that corporations who are betting on your life can cash in. Will there be schemes to hasten the deaths of the insured? Health Insurance companies may come in handy for such a scheme.
You many consider to watch this ABC video too.
It is plain scary. Capitalism and its main ingredient, greed, gone wild.
Monday, October 12, 2009
Wall Street: Betting on your life
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