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: financial crisis
Bailing out the Bailout
Congress has approved $700 million of bailout money. Henry Paulson keeps changing his mind about what he wants to do with it. He has focused almost entirely on institutional fixes. Maybe I’m missing something, but it seems to me that the financial system currently is leaking below the waterline. What we need to do is … Continue reading Bailing out the Bailout
Carp Diem 