No. of Recommendations: 3
<<So, in my simplified view of things, there are the two major issues stated above?>>>
Up thread, someone mentioned that FT has been covering this issue for a while now.
Post all of the risky (shady) business hidden away inside the Life Insurance book, FT has also called out the likely end game. The risks are required (?) by state level statutes to be assigned & assumed by insurers who remain standing. Their respective risk premia payable gets discounted over the long term as an offset for being forced to fill their stockings with poison.
Privatizing profits, socializing losses. Once again.😡
