Mutual of Obama Life Insurance?

Wall Street Pursues Profit in Bundles of Life Insurance
http://www.nytimes.com/2009/09/06/business/06insurance.html?th&emc=th

The title of this got me on a tangent:

The next best derivative trading. Just wait til the government expands (as with any government program) from Obamacare to Mutual of Obama Life Insurance. Government backed, Wall Street will start trading these based on no/low risk, they will get high ratings, and in no time something is going to happen like a pandemic scare. Or another recession where people are selling off what assets including insurance policies so they can to stay afloat.

Wall street will panic, the MOOLI bubble will burst, and all the life insurance packages traded as derivatives will be worthless, and Wall Street will need another bailout.


http://www.nytimes.com/2009/09/06/bu...html?th&emc=th
Wall Street Pursues Profit in Bundles of Life Insurance

I said it first (I think) ... just you wait until after Universal Healthcare passes... it will expand into universal life insurance ... you betcha!