Money and Your Life: Investors Bet on Mortality
ABC NEWS
By: Bill Weir and Jake Whitman
Fresh off the meltdown of the mortgage business last year, Wall Street’s bankers have found a new way to make money: the buying and selling of life insurance policies belonging to the sick and elderly.
Commentary by Michael Abraham:
This is an interesting article, it cynically tries to portray the market as being the banker’s new scam but in fact does a good job of explaining why even the highly educated professional may need the market. As usual don’t listen to the headline!
Published on 18 Oct 2009 at 10:36 pm
