Archive for September 9th, 2009

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Wall Street's Next Big Cash Cow……..anon

“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. Then they plan to ‘securitize’ these policies, in Wall Street jargon, […]