Death Futures

[Mark Kohut]

Man, this sentimentalist hopes against hope that doing this is made illegal.....

Isn't there some kind of constitutional or legal precedent against
selling your own ...life.....or death? 

--- On Sun, 9/6/09, rich <richard.romeo at gmail.com> wrote:

> From: rich <richard.romeo at gmail.com>
> Subject: Death Futures
> To: "“pynchon-l at waste.org“" <pynchon-l at waste.org>
> Date: Sunday, September 6, 2009, 11:38 AM
> http://www.nytimes.com/2009/09/06/business/06insurance.html?_r=1&th&emc=th
> 
> 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
> —
> ______
> death panels are bad but death futures are good.
> 
> FZ: While we're at it, we have a sort of a cowboy song we'd
> like to do
> for ya. This is a song that deals with the rapidly
> approaching 200th
> birthday of the United States of America, ladies and
> gentlemen! This
> is a song that warns you in advance that next year
> everybody is gonna
> try and sell you things that maybe you shouldn't ought to
> buy, and not
> only that, they've been planning it for years.
> 
> rich
> 
>