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???

http://www.bloomberg.com/news/2011-05-16/death-de…

5 Comments
 

Goldman has been investing in and dealing viaticals for a long time. Look it up. This is nothing new.

People tend to think life is a race with other people. They don't realize that every moment they spend sprinting towards the finish line is a moment they lose permanently, and a moment closer to their death.
 
rickyrossGoldman has been investing in and dealing viaticals for a long time. Look it up. This is nothing new.
Yeah, but I'm having fun watching the GS haters go nuts.
Get busy living
 

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