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NY Times: Wall Street Pursues Profit in Bundles of Life Insurance

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The Bubble machine is back: Wall St. wants to package life insurance policies & cash in when you die - which they hope will be soon, for a bigger payoff. Um, that healthcare reform you wanted. Well, no, that would get in the way of people dying=profits made, you see. "What is good for Wall Street could be bad for the insurance industry...We're hoping to get a herd stampeding after the first offering," says investment banker.

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At www.nytimes.com

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Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a former blogger for Huffington Post, Daily Kos, and Global Economic Intersection.

His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
http://www.americaisnotbroke.net/

Scott is a former and current President of Common Ground-NY (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of (more...)

Related Topic(s): Health Insurance; Healthcare; Insurance Industry; Life Span; Wall Street; Wall Street; Wall Street, Add Tags

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