{"id":782,"date":"2009-09-09T01:13:37","date_gmt":"2009-09-09T06:13:37","guid":{"rendered":"http:\/\/www.mrambler.com\/blog\/2009\/09\/09\/wall-streets-next-big-cash-cow-anon\/"},"modified":"2015-03-16T06:22:15","modified_gmt":"2015-03-16T11:22:15","slug":"wall-streets-next-big-cash-cow-anon","status":"publish","type":"post","link":"http:\/\/www.mrambler.com\/blog\/2009\/09\/09\/wall-streets-next-big-cash-cow-anon\/","title":{"rendered":"Wall Street's Next Big Cash Cow……..anon"},"content":{"rendered":"

“After the mortgage business imploded last year, Wall Street investment banks began searching for another big idea to make money. They think they <\/p>\n

<\/div>\n

may have found one.<\/p>\n

The bankers plan to buy ‘life settlements,’ life-insurance policies that ill and elderly people sell for cash.<\/p>\n

Then they plan to ‘securitize’ these policies, in Wall <\/p>\n

<\/div>\n

Street jargon, by packaging hundreds or thousands together into bonds.<\/p>\n

They will then resell those bonds to investors, such as big pension funds, who will receive the payouts when people with the insurance die.”<\/p>\n

A whole new meaning to the term “cashing out”.<\/p>\n

(from the Seattle Times)<\/p>\n","protected":false},"excerpt":{"rendered":"

“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, […]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/www.mrambler.com\/blog\/wp-json\/wp\/v2\/posts\/782"}],"collection":[{"href":"http:\/\/www.mrambler.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.mrambler.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.mrambler.com\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"http:\/\/www.mrambler.com\/blog\/wp-json\/wp\/v2\/comments?post=782"}],"version-history":[{"count":6,"href":"http:\/\/www.mrambler.com\/blog\/wp-json\/wp\/v2\/posts\/782\/revisions"}],"predecessor-version":[{"id":3734,"href":"http:\/\/www.mrambler.com\/blog\/wp-json\/wp\/v2\/posts\/782\/revisions\/3734"}],"wp:attachment":[{"href":"http:\/\/www.mrambler.com\/blog\/wp-json\/wp\/v2\/media?parent=782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.mrambler.com\/blog\/wp-json\/wp\/v2\/categories?post=782"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.mrambler.com\/blog\/wp-json\/wp\/v2\/tags?post=782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}