Where have we heard this one before? When Wall Street turns the life insurance market into the same toxic mess as the mortgage market and the big banks walk away with hundreds of billions in profits, then let some made up firms default, who's going to be left holding the bill?
Not to worry, since the SEC watchdogs and those sterling reliable ratings firms will do their jobs, right?
Death Derivatives anyone?
Maybe this is the true 'death panels?'

Webmaster's Commentary:
Read this carefully.
The people investing in these "life settlement" packages stand to make a fortune if there were to occur, say, by chance, perhaps, a major pandemic among the insured in the very near future!
The Truth Will Set You Free: Death Derivatives: Wall Street Casinos aim to 'securitize' life insurance benefits (external - login to view)