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The bankers plan to buy “life settlements,” life insurance policies that ill and elderly people sell for cash — $400,000 for a $1 million policy, say, depending on the life expectancy of the insured person. Then they plan to “securitize” these policies, in Wall Street jargon, by packaging hundreds or thousands together into bonds. They will then resell those bonds to investors, like big pension funds, who will receive the payouts when people with the insurance die.
The earlier the policyholder dies, the bigger the return — though if people live longer than expected, investors could get poor returns or even lose money.
This has been going on for 30+ years.. Want to pretend its new and then name it something scary like "dealth panels"..
Do I need to tell you that many of these individuals that benefit from said programs happen to be gay (suffering from aids), elderly, or terminally ill, giving people money today so they can use it while they are alive..THAT SOUNDS JUST TERRIBLE... oh brother.. (sarcasm off)
This has been going on for 30+ years.. Want to pretend its new and then name it something scary like "dealth panels"..
Do I need to tell you that many of these individuals that benefit from said programs happen to be gay (suffering from aids), elderly, or terminally ill, giving people money today so they can use it while they are alive..THAT SOUNDS JUST TERRIBLE... oh brother.. (sarcasm off)
Good Gods, how can people remain so ignorant in this day and age?
A two second google produced this...
Transactions of this type have been available for Americans since 1911. Aids sufferers created a small market in the 1980's when their policies were sought out by speculators.[2] The credit crisis has seen a rise of elderly Americans for whom their life-insurance policy is one of their more valuable assets. Life settlement - Wikipedia, the free encyclopedia
This country would be a LOT better off if people would concentrate on fixing things instead of trying to invent propeganda.
Sounds like a reverse mortgage to me. Perhaps you could call THOSE "Real Estate Death Panels".
Maybe you should read the article and notice that the idea is to utilize it as a way to replace the mortgage securities which burst 6 months back.
You should also note that it's to wall street's advantage that (if the security becomes large enough) to prevent people from living beyond certain life expectancies.
You would notice this if you read the article which you didn't.
Howe about teh governamnt keeping the contribtuions of those on social security that never reach retirement age with no survivors;is that governamnt death panels. Then givng the family upto $225 to bury the person. Never gave the person the choice either.What about taking the rich persons money in death taxes?
Yeah it's a good thing I never said they have a plan to do so. Got any other strawmen for me or are you building a couple more.
1. The title of this thread, which doesn't appear in the article title, or the article itself.
2. Post #5 - "You should also note that it's to wall street's advantage that (if the security becomes large enough) to prevent people from living beyond certain life expectancies." Your words, not mine.
1. The title of this thread, which doesn't appear in the article title, or the article itself.
2. Post #5 - "You should also note that it's to wall street's advantage that (if the security becomes large enough) to prevent people from living beyond certain life expectancies." Your words, not mine.
I didn't mispeak in the post. I don't think it's a stretch to say that if a bubble was to form with such a security it would be beneficial to decrease investment in healthcare, etc.
Invisible hand of the free market. This is completely different from a "conspiracy". It's an institutional analysis and if you can't understand that, it's not my problem.
Also, death panels weren't in any of the healthcare bills, I don't see how the post title is any different from this. If you're offended by this you should have a word with your fellow posters.
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