Death Derivatives Emerge From Longevity Risks
Goldman Sachs Group Inc. (GS), Deutsche Bank AG (DBK) and JPMorgan Chase & Co. (JPM), which bundled and sold billions of dollars of mortgage loans, now want to help investors bet on people’s deaths.
Pension funds sitting on more than $23 trillion of assets are buying insurance against the risk their members live longer than expected. Banks are looking to earn fees from packaging that risk into bonds and other securities to sell to investors. The hard part: Finding buyers willing to take the other side of bets that may take 20 years or more to play out.
“Banks are increasingly looking to offer derivative solutions,” said Nardeep Sangha, 43, chief executive officer of Abbey Life Assurance Co., a London-based Deutsche Bank unit that helps pension funds manage the risk of retirees living longer than expected. “Making the long maturity of the risks palatable for investors, including sovereign wealth funds, private-equity firms and specialist funds, is the challenge.”
You can check out the rest here…
I can see this going really badly…
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4closureFraud.org
h/t Jim
THEIR PROFITS ALREADY DOWN SO MANY PROBS U CANT SEE!! HAVE FAITH!!! DARK SHADOWS AINT SHIT!
JP looking for gold with help from the Pentagon:
http://management.fortune.cnn.com/2011/05/11/jp-morgan-hunt-afghan-gold/
Predators !
THAT’S THE BEST ONE Ive’ HEARD YET! now they want to bet on us dying…………….which is right in line with what they have alreadt accomplished……….tell me……..is that a conflict of interest………. like Matt always says…JACK BOOTED THUGS ARE KICKING IN PEOPLES’ doors. THAT WILL SHORTEN EVERYBODIES LIFESPANS!!!!!!
……………OR SHORTEN THEIR LIFESPANS…..REMEMBER THE STREET GOES TWO WAYS.
and ashton is singing LOOK IT UP!!!
Isn’t greed one of the seven deadly sins? I think they have committed all 7 by now. Time for them to die.
…I VENT…..IT SEEMS THEY HAVE LONG GONE PAST 7 DEADLY SINS…..THEIR REWARD MAY BE IN THE DARK SHADOWS….ANYTHING IS POSSIBLE NOW…..THE MYSTERY OF THE UNKNOWN DEADLY SIN….GREED. TO BET ON SOMEONE ELSE DYING WILL BRING KARMA……AND KARMA IS IN THE DARK SHADOWS……
Sick, sick, sick. Evil beyond all comprehension. Morally deficient, repugnant. There are not enough
descriptive words to cover what these degenerates are doing.
I just can’t understand this evil. So this is what hell is. We are in hell.
YES, THIS IS HELL ON EARTH….THE EVIL HAS CA– USED THIS…BUT EVIL WILL NOT WIN….THE DEMON’S ARE RUNNING FOR THEIR LIVES….EVERY STEP THEY TAKE IS 2 STEPS BACKWARDS….SO THEY RUSH TO FIND OTHER WAYS TO GAIN….THIS IS WHERE THEY WILL FAIL… THEIR MINDS WILL COME TO THE END OF THE ROAD WITH NO OTHER WAYS TO GAIN MORE GREED. POWER AND GREED WILL BE A POISON TO THEM…AND THEY WILL TURN ON THEIR OWN TO GAIN WHAT THEY CAN. SAME AS IN RACKETEERING.
They are all sick beyond comprehension.. They take gambling to a whole new level. It is like the movie Rat Race, on steroids. I remember when the CME stated last fall they were going to start gambling on the weather. CNBC reported last fall around the time of the Foreclosure freeze, the NYSE was gambling on the end of the world. I think they were gambling on the end of their own sick world, not ours. They will no doubt be making put bets on that failure soon if not already at the CME. They no doubt have a good idea of who it will be, an insider tip, and the crooks will get filthy rich off of it, then those failures will re-emerge all shiny and new as a new criminal entity to start the boom and bust cycle all over again.
I remember in the Michael Moore movie, “Capitalism a Love Story” they talked about how the big multinational corps like WalMart take out life insurance policies on their employees. I think the Government does this as well, when we are born. They use all of us to get filthy rich, the U.N. declared we were all human capital in 1970 something, they have a ball getting filthy rich gambling off of every aspect of our lives, from cradle to grave.. Some of us are worth more to them dead, than alive. WTF?????????
I remember that too, Walmart insuring their employees. When I looked at all those loans listed the other day on the spreadsheet on one of the subjects here I thought, that is what we are now, that is our value, a $100,000 person here, a $1,000,000 person there. We each have a value assigned to us. We are no longer identified by our S.S. number, now we are identified by our MERS number. That is probably how much each of us is insured for, the value depicted on the MERS spreadsheet. I can only hope that those doing the insuring know that they too have a value and someone has probably taken out an insurance policy on them for a few billion.
Not just Walmart…BOA also…and how many others…I understand our social security is just that…the gov security…that there is a bank account for every one born in the USA and they don’t know ….the few that found out and started tapping into it got put in jail…
Does anyone know what benefit the banks get for filing notice to the IRS about a homeowners property taxes and interest??? The don’t do anything without expecting monetary gain or credit….about insuring every homeowner…perhaps why they have the mortgage insured for 3-4 times it value…LOL…one includes the homeowner…
wtf- “looking to offer derivative solutions”,????what can we sell of no value .. ah… another round of sukers.
this is why the vampires must be ended, parasites can ONLY live off others.
Guy at top brain isnt wired right! He done effed up already problem is he doessnt know it yet!!
So now come the goon squads .I don’t see this going well at all for alot of people.What are they going to do start killing people off so they can start the next round of cashing in?
There is probably an insurance policy on every homeowner in foreclosure right now, isn’t that a sick thought. They don’t need goon squads, so many people are so broken right now..I wonder what the suicide rate is as the result of the Great Depression II.
I personally know of 3 suicides because of them.
here in fla right?
HAPPENS MORE THAN MOST KNOW!