Wednesday, September 2, 2009

Americans' long lives = Germans' money-losing trade

AlphaNinja - Yet another securitized risky asset peddled to the unsuspecting.


Betting on US Life Expectancy Proves Risky

Deutsche Bank and other financial institutions manage complex funds that buy up Americans' life insurance policies and pay their premiums in return for their payouts. But angry German investors are finding that Americans aren't dying as quickly as expected -- and that only the bankers are making a buck.

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