‘Death Derivatives’: Wall Street’s Latest Ill-Advised Maneuver
by: Keith Fitz-Gerald May 24, 2011
I just spotted the next global “black swan” — but I think it actually looks like a giant Pteranodon. I’m talking about so-called “death derivatives.”
The Lowdown on “Death Derivatives”
After betting trillions on everything from liar loans to mortgages that never should have been issued in the first place, the big banks are back and they’re betting on death — yours and mine.