WHEN THE GOVERNMENT CONTROLS YOUR PENSION AND YOUR HEALTHCARE, THEN THEY HAVE A POWERFUL INCENTIVE NOT TO SPEND MONEY ON "END-OF-LIFE" CARE FOR OLDER PATIENTS BECAUSE THEY'D SAVE THE HEALTH EXPENSE AND SAVE THE PENSION DISBURSEMENT.
THIS INCENTIVE IS WHAT GREASES THE SLIPPERY SLOPE TO VIRTUAL EUTHANASIA.
NOW - IT SEEMS - WALL STREET HAS ALSO FIGURED OUT HOW TO MAKE MONEY ON THE END-OF-LIFE: BY PACKAGING BOUGHT-OUT LIFE INSURANCE POLICIES AS BONDS.
NYTIMES: Wall Street Pursues Profit in Bundles of Life Insurance
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.
The earlier the policyholder dies, the bigger the return — though if people live longer than expected, investors could get poor returns or even lose money.
WELL, ER UM . . . THE BUYERS OF THESE BONDS HAVE A POWERFUL INCENTIVE TO SEE TO IT THAT THE ORIGINAL POLICY-HOLDERS DIE AS SOON AS POSSIBLE.
WHAT COULD GO WRONG!?