Related: Wall Street Back the Way It Was
"Despite their growing popularity, ghoulish ‘life settlements’ are ripe for fraud" by Michelle Singletary, Washington Post | September 13, 2009
WASHINGTON - .... Life settlements are just another dreadful financial concoction with some of the same pitfalls as the subprime mortgage-backed securities that helped take our economy down.
Isn't that what I said?
With the latter, unrealistic bets were made on other people’s mortgages. Now bets are being placed on other people’s lives.
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