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Tue Mar 24, 2020, 11:04 PM

Wall Streets Death Bonds

Death bonds pay investors when the Insured (you) dies!

All across America Death Bonds aka Death Derivatives are bundled and sold to Pension Funds etc. world wide.

A good explanation even with a bit of an accent.


In-depth explanation here:
https://www.nytimes.com/2009/09/06/business/06insurance.html?pagewanted=2&_r=2

Wall Street banks, beaten down by the financial crisis of 2008, and propped up by government bailout money looked to get their securitization machines humming again.

USING LIFE INSURANCE POLICIES. You sell your policy, investor buys and pays the policy premiums until you die. Investor gets full value of the policy.

The sooner you die, the more the investor earns.

Personally, I find this repulsive, ghoulish, and possibly dangerous.

https://m.dailykos.com/stories/2009/10/28/798049/-

Look for new

“Hey, need cash for that trip you’ve always dreamed of?”

adds to start popping up on the Lou Dobbs Show!

But wait, there’s more!

Some investors will pay you to open a new life insurance policy. You get cash up front and the investor hopes you die sooner.

And this is legal. If you dare to trust the investor.

😳🤢😢🤢😢🤢😢🤢

7 replies, 595 views

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Always highlight: 10 newest replies | Replies posted after I mark a forum
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Arrow 7 replies Author Time Post
Reply Wall Streets Death Bonds (Original post)
OhNo-Really Mar 24 OP
MerryBlooms Mar 24 #1
OhNo-Really Mar 24 #2
MerryBlooms Mar 24 #4
OhNo-Really Mar 24 #6
pat_k Mar 24 #3
MerryBlooms Mar 24 #5
OhNo-Really Mar 24 #7

Response to OhNo-Really (Original post)

Tue Mar 24, 2020, 11:06 PM

1. Bet trump has them on all his kids and vise verse.

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Response to MerryBlooms (Reply #1)

Tue Mar 24, 2020, 11:09 PM

2. Probably. But the article is about Wall Street Death Derivatives.

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Response to OhNo-Really (Reply #2)

Tue Mar 24, 2020, 11:18 PM

4. Busted! I swear, 99% of the time I read the articles before I comment,

tonight I'm just kinda willy-nilly. I have been out in the flower beds today, dealing with a lot of stuff, having Merlot now, and put together a couple a veggie quiche that are now in the oven. I apologize and owe it to you to read the article, before commenting. I appreciate everyone who finds articles of interest and posts them... Sorry. On it!

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Response to MerryBlooms (Reply #4)

Tue Mar 24, 2020, 11:53 PM

6. 🍷. Isok 🍷☺️

Cheers

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Response to OhNo-Really (Original post)

Tue Mar 24, 2020, 11:33 PM

5. Still legal and needs to be addressed

Who do you think the best Dem would be to address this morbid autrocity? This should be illegal. Thank you so much for bringing this subject to us.

Death bonds can trace their origins to viatical settlements in the 1980s. Spurred by the onset of the AIDS epidemic, terminally ill patients sold their life insurance policies to pay for their desperately needed, expensive medications. Their policy payments were taken over by the purchasers, who would receive the policy paid in full when the patients died.


https://www.investopedia.com/terms/d/death_bond.asp

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Response to MerryBlooms (Reply #5)

Tue Mar 24, 2020, 11:54 PM

7. Ghastly. This. Scheme risesn& falls. It will pick up now. Kaching

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