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After the mortgage business imploded last year, Wall Street investment banks began searching for another big idea to make money. They think they may have found one, life-insurance securitizations.

One of the experts interviewed for the article described the risks:

"These assets do not have risks that are difficult to estimate and they are not, for the most part, exposed to broader economic risks,"

So what could go wrong?....

 

Submitted: Sep 5, 2009    Views: 72    Comments: 0    Likes: 1   


View Article: http://www.nytimes.com/2009/09/06/business/06insurance.html


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