GET YOUR HANDS ON THIS KILLER BOOK

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Comments

Skimmer

My God, they are truly evil.

Ken Houghton

My good, the NYT is truly Clueless.

I interviewed for a job setting up a system to do that three years ago. And it wasn't really a New Idea then. (To put it in a context familiar to most of this blog's readers, anyone remember Bowie Bonds??)

Are they claiming that the difference is that a lot of the work up to recently has been with policies on high-level executives? But now they're even buying policies of others?

Well, no there as well. There was been an active market in life insurance policies among AIDS victims since the early 1990s. (In fact, a lot of those policies were purchased just before the AZT/"cocktail" discoveries, and investors took a [relative] loss as AIDS victims began living longer. I feel so-o-o-o sorry for those investors.)

So the NYT has "discovered" a market that has existed for over a decade--except it used to be insurance companies that were the main providers. And since many of those companies are now also banks, or have strong relationships with banks...

In all seriousness, nothing to see here.

Dan Leo

I assume these bond funds would have qualified Death Panels.

blue girl

I hadn't heard of Bowie Bonds. But, pretty interesting once I read about it. Here's a link in case others want to read about it.

I remember the HIV insurance policy thing. And The NYT's article and Taibbi both mention it.

"In all seriousness, nothing to see here."

Ken, are you saying it's not worth discussing? I don't see it that way. How big was the HIV market? Anywhere near $26 trillion?

blue girl

How big was the HIV market?

Isn't that just a horrible thing to even write? Man.

Brando

This is why the idea of letting the free market do what it wants is the dumbest idea ever. It'd be great if we were androids and not swayed by things like greed or lust. But we're humans, and unfortunately there are a lot of us who wouldn't think twice about making money on the death of others.

I can't even imagine doing something like this. "Hey, that virus made a killing for me!"

ifthethunderdontgetya™³²®©

This is why the idea of letting the free market do what it wants is the dumbest idea ever.

That's the problem with the glibertarians and Free Market Triumphalists: they might acknowledge that power corrupts, and absolute power corrupts absolutely, but they limit that maxim to the government only.

Big corporations own our government and our media and they are corrupt.
~

Sue

What galls me about it all is that republicans had 8 years of control and did nothing but fill the pockets of their buddies and now that someone wants to actually try to fix the problems we face... the republicans have nothing to offer but lies, insults, and sneaky little provisions to try to add to their buddies' pockets. Their only answer to the stunning problem we face is to limit lawsuits against crappy doctors and allow the insurance companies to police themselves.

Jeremy

We have these things called annuities, but they aren't securitized. Is there something wrong with them?

Kathleen (in Oakland)

I don't care what anyone says, I love Matt Taibbi.
Where is the crack federal crazy squad with the big butterfly net? I don’t know about betting on anyone’s life expectancy, but I think I’d like to bet on whether or not this idea ends well.

just genius.

Kathleen (in Oakland)

What galls me about it all is that republicans had 8 years of control and did nothing but fill the pockets of their buddies and now that someone wants to actually try to fix the problems we face...

Indeed. I watched a video where this conservative woman was saying "there is so much we can do right now to fix health care in this country, we shouldn't blow up the system by installing government run health care". And I'm like, even accepting everything you are saying as true, fuck off. You all had eight goddam years to fix health care and you did nothing.

Wren

Making money off death. Hmm. Sounds like that other big money-maker, war.

blue girl

I don't care what anyone says, I love Matt Taibbi.

Me too, Kathleen!

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