Wall Street bankers are at it again. They will bet your life on "life settlements."

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Warning! Take a nausea pill before reading this! How do bankers intend to get $500 billion dollars?

Was it a mistake to bail out Wall Street? Did you ever try and stop a cat from scratching on your sofa? The cat will wait you out and when you are not looking, it will start all over again. Wall Street is like that cat. They waited out the bailout last year and now are at it again with a new scheme called "life settlements."

What are "life settlements?" They are life insurance policies from elderly people who sell them for cash. For example, a $1million dollar policy could be sold for $400,000, which is more than the cash surrender value.

Bankers are already gearing up for this new scheme.

Continue reading Wall Street bankers are at it again. They will bet your life on "life settlements."

Wall Street bankers are at it again. They will bet your life on "life settlements." originally appeared on BloggingStocks on Tue, 08 Sep 2009 18:30:00 EST. Please see our terms for use of feeds.

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