Check out www.nodeathbonds.com Wall Street is up to its old tricks again! This time, instead of gambling with your mortgage, they’re gambling with your life! How? By using what we like to call, DEATH BONDS! Visit http to sign the petition to STOP Death Bonds! When sick or elderly Americans need cash, they can sell their life insurance policies to companies that will pay them a fraction of the value. Now Wall St. banks like Goldman Sachs are buying up those insurance policies, bundling them into investment funds, and selling them to investors. The sooner people die, the faster profits rise. It’s the same thing Wall St. did with mortgages. In that case, they destroyed our economy and hardworking Americans lost their jobs and their homes. Now, they’ll lose their lives. Despite the dark consequences, Goldman Sachs and Wall St. want suffering to spread so their profits will surge. Visit www.nodeathbonds.com to sign the petition to STOP Death Bonds! It’s no wonder that Wall St. banks like Goldman Sachs are in bed with the big insurance companies to kill health care reform. If private insurance companies continue to have a monopoly on our health care, not only will their profits go up but, as the quality of our health care goes down, the death bond market will skyrocket! Bad health care is good for their business. Visit http to sign the petition to STOP Death Bonds! And SPREAD THE WORD!
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I have heard of this. I am not surprised anymore! They are soulless and their is a special place reserved for them when the Gulf of Mexico oil volcano explodes and h*ll is unleashed on Earth!
@J13Hyatt and so it shall be?? with all due respect that is some naive bullshit even karma stops working – i mean it’s so unethical/immoral, and i’m pretty darn sure jesus got torqued & turned the tables on some banksters too
As it has been… The rich get richer – and so shall it be. These people don’t understand the meaning of compassion. I don’t personally care to look too much in to either side of this story, just another distraction from the real issue… We can treat the symptoms forever but until we get to the root of the problem, only more problems will arise. No true happiness can come from benefiting off of others’ suffering.
As it has been… The rich get richer – and so shall it be. These people don’t understand the meaning of compassion. I don’t personally care to look too much in to either side of this story, just another distraction from the real issue… We can treat the symptoms forever but until we get to the root of the problem, only more problems will arise. No true happiness can come from benefiting off of others’ suffering. I’m not Christian but I will say, Forgive them for they know not what they do.
As it has been… The rich get richer – and so shall it be. These people don’t understand the meaning of compassion. I don’t personally care to look too much in to either side of this story, just another distraction from the real issue… We can treat the symptoms forever but until we get to the root of the problem, only more problems will arise. No true happiness can come from benefiting off of others’ suffering. I’m not Christian but I will say, Forgive them for they know not what they do.
9/11 bombers were right!
the evil of the world lives and works in manhattan!
oh god i hate this clip so much. the most bias piece of shit ever. firstly they assume all these securities are profitable when thats not the case. the other counter party who decides to sell his insurance gets the benefit of liquidating his insurance because they believe its not worth paying the premium as they get older. so its not just about goldman sachs benefiting
obviously these idiots on the video have no perception of the two parties who participate in these transactions.
Think this is morbid, check out he book, The Death Bond Conspiracy. What could really go wrong with this plan, in this fictional thriller!!
look, insurance companies give people insurance at certain rates. If they think you are in a high risk bracket, they will charge you higher rates for insurance as well as the premiums. Just like if a bank gives you a loan thinking that you will create moral hazard, if you are at a high risk for default then your interest rates will be higher. Simple, but you have to understand that insurance companies do this all the time. Heck, nowadays you can bet on the volatility index
Goldman Sachs pays life insurance holders a sum of money on their life insurance policy. Lets say its a 100k dollar policy,you have no family and you’re going to die in 6 months, someone offers you 50k for that policy so that you can enjoy that money before you die.
Then they pay the premiums for the rest of your actual life.
I’m not saying this is good or bad , but there are 2 sides to every story, and in this particular case it seems that only one side was shown.
anyone can do this…buy life insurance policies on people. What about the people who had policies taken out on them and had no authority to do anything about it. No integrity…all of them. If the state of their lawn is more important than their child’s well-being, than it would only be right that those same idiots buy life insurance policies on the children they care so little for…don’t you hate when they’re too greedy, killing you would just look bad at that point…god’s country my ass.
Crooks? Nobody is forcing these people to sell their life insurance. Since when is offering people a sum of money in exchange for something they own a crime? Goldman Sachs merely payed these people for something that they didn’t feel like they needed anymore. Freeing them from the monthly payment, in exchange for funds that would be available immediately. Should we also condemn car dealerships because they will make money off of our trade in cars? Profits are not evil. We all have bills to pay.
Goldman Sachs will make money in any conceivable way. Litton Loan Servicing, now owned by Goldman, leads the way as the shock troops initiating foreclosures countrywide.
if this is actually true..then its fking terrible
america too much crooks