Latest “Financial Meltdown” News
Global Dispatches: Poland—The Place to Be in a Financial Crisis
WARSAW, Poland—As many of the world’s economies are buttressing themselves with signs of solid recovery from the global financial meltdown of ’09, analysts are taking stock of the damage and business journals are compiling who’s-who lists of star survivors and sore losers.
Read more on The Epoch Times
Death Derivatives Emerge From Pension Risks of Living Too Long
Goldman Sachs Group Inc., Deutsche Bank AG and JPMorgan Chase & Co., which bundled and sold billions of dollars of mortgage loans, now want to help investors bet on people’s deaths.
Read more on BusinessWeek
Death Derivatives Prompt Banks to Package Pension Risks of Living Too Long
Pension funds sitting on more than $ 23 trillion of assets are buying insurance against the risk their members live longer than expected. Banks are looking to earn fees from packaging that risk into bonds and other securities to sell to investors.
Read more on Bloomberg