Wall Street Reinflating The Bubble

[Lorax]

Fantastic article in today's NYT.

Looks like the mega-wealth of Wall Street is going after your life insurance policies, DY posters!

If you are of a "certain age" and not all that healthy, then look out! They are going to scam you out of your life insurance by offering you a buyout for pennies on the dollar, hoping you'll die as soon as possible so they can maximize profits. Much like the "reverse" mortgages designed to scam you out of your house.

Re-securitizing and packaging life insurance policies to re-sell as gambling play-money for the ultra rich Rehtuglican Reich. Guess they didn't learn anything from doing the same thing to our mortgages.

Nothing has changed, folks, we are at their mercy, and anywhere they can find a buck to squeeze out of the dead carcass that is the American economy, and they're all over it like white on rice.

Vultures sucking the marrow out of the dried up bones of our bankrupt society.

Cheers!

http://www.nytimes.com/2009/09/06/bu...html?th&emc=th