Imagine that you have a life insurance policy that you no longer need. You could let it lapse or cash it in. You also could choose to sell it, perhaps to me. I’ll pay you a lump sum for the policy and agree to pay any remaining premiums. In exchange, I’ll get the payout when … Continue reading Taming the Beast
Tag: credit default swap
AIG: Who Knew? (Not the People Who Should)
If you haven’t been following the Daily Show vs. CNBC feud, it’s great entertainment. If we could just find a way to add back to the Dow all the points Jon Stewart has been racking up, the recession would be over. A year or so ago, Tom Friedman of the New York Times pointed out … Continue reading AIG: Who Knew? (Not the People Who Should)
Carp Diem 