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Wed Aug 5, 2020, 03:06 PM

2009 Wall Street Created 💀Death Bonds💀 - 2020 Pandemic Payoffs?

And in 2020, those 2009 bundled/swapped

💀Death Bond💀

investors might profit from a pandemic (the sooner the insured person dies, the greater the return 🤨 Nothing macabre about this scheme

Wall Street banks, beaten down by the financial crisis, and propped up by government bailout money are looking to get their securitization machines humming again. USING LIFE INSURANCE POLICIES.

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

For a detailed report & over 400 comments click on this link:

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

Another look

https://catapult.co/stories/you-bet-your-life-death-bonds-the-investments-that-want-you-dead

The UK banned 💀Death Bonds💀 In 2011.

Brits no longer able to bet on the lives of US Citizens

https://www.investmentexecutive.com/news/from-the-regulators/uk-regulator-to-ban-retail-death-bond-sales/


8 replies, 506 views

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Reply 2009 Wall Street Created 💀Death Bonds💀 - 2020 Pandemic Payoffs? (Original post)
OhNo-Really Aug 2020 OP
Backseat Driver Aug 2020 #1
OhNo-Really Aug 2020 #2
Initech Aug 2020 #3
OhNo-Really Aug 2020 #4
Mopar151 Aug 2020 #5
OhNo-Really Aug 2020 #7
Backseat Driver Aug 2020 #8
Mopar151 Aug 2020 #6

Response to OhNo-Really (Original post)

Wed Aug 5, 2020, 03:34 PM

1. Wow - An educating moment for sure! How revolting


And here I was, usually too broke to buy a block in "office pool" before the big game and purely disgusted on the disclosure that Wal-Mart was picking up "beneficiary" status on their employees' policies some years back.

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Response to Backseat Driver (Reply #1)

Wed Aug 5, 2020, 04:01 PM

2. My brothers employer got $10,000 when he died

His wife thought it was hers. Heartbreaking

He managed the kitchen, chef. Canít remember name of chain. Famous barbecues ribs. Gone now I think 🤔

And the owner of 10 years had the nerve to attend the funeral.

😢😤😢😤😢😤😢😤😢😤

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Response to OhNo-Really (Original post)

Wed Aug 5, 2020, 04:02 PM

3. Death Bond would make a great band name!

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Response to Initech (Reply #3)

Wed Aug 5, 2020, 07:15 PM

4. Indeed 😂

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Response to OhNo-Really (Original post)

Wed Aug 5, 2020, 07:56 PM

5. Old school shady move

Take out a big term life policy, on an elderly relative, in their name, but with the "bad actor" as a benificiary. Finding a shady insurance agent should be harder than it was.....

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Response to Mopar151 (Reply #5)

Wed Aug 5, 2020, 09:28 PM

7. Perry Mason - but now Wall Street is the shady beneficiary

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Response to Mopar151 (Reply #5)

Thu Aug 6, 2020, 12:54 AM

8. Ah hell, one only has around 120 days to make a complaint

to the certifying real estate board against a shady broker; trust me, they can push a lie a lot longer - perhaps it takes a bit longer to reach out to the State AG's office about faux affirmations for a "friendly" notary seal and stamp.

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Response to OhNo-Really (Original post)

Wed Aug 5, 2020, 08:20 PM

6. So, how much have the punters lost on Kieth Richard? n/t

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