Friday, September 18, 2009

You Bet Your Life!

Literally!

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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