Betting on Father Time
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. Your thoughts???
GS haters are going to jump all over this, haha
Just another way to make a profit. Putting it that way is obviously biased.
Goldman has been investing in and dealing viaticals for a long time. Look it up. This is nothing new.
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