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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: humble1 who wrote (43859)	9/6/2009 4:33:36 PM
From: pogohere	Read Replies (1) \| Respond to of 207038

there's this, that could be quite profitable: Wall Street Pursues Profit in Bundles of Life Insurance By JENNY ANDERSON Published: September 5, 2009 After the mortgage business imploded last year, Wall Street investment banks began searching for another big idea to make money. They think they may have found one. The bankers plan to buy “life settlements,” life insurance policies that ill and elderly people sell for cash — $400,000 for a $1 million policy, say, depending on the life expectancy of the insured person. Then they plan to “securitize” these policies, in Wall Street jargon, by packaging hundreds or thousands together into bonds. They will then resell those bonds to investors, like big pension funds, who will receive the payouts when people with the insurance die. nytimes.com