Emphasis mine:

What’s very amusing about this New York Times article is that, while describing this, there is no passage that reads anything like, “This utterly insane plan, which will condemn all those involved with it to an eternity of elaborate torment in the afterlife, is ironically being promoted by the very institutions that only just recently tried to destroy the world by creating similar casino-like gambits based on home ownership.” [...]

What the fuck??? This feels like financial innovation as practiced by Josef Mengele meets the Zucker Brothers; not just evil, but wacky evil. I don’t even want to think about what happens when Goldman Sachs suddenly has a large financial stake in the premature deaths of a bunch of old people. Where are the crazy police? Where is the crack federal crazy squad with the big butterfly net? I don’t know about betting on anyone’s life expectancy, but I think I’d like to bet on whether or not this idea ends well.

Matt Taibi: Wall Street Gambles on Old People Dying

Will conservatives protest Wall Street death panels?

Related posts (autogenerated):

1. Wall Street bonuses to rise 40%
2. The Big Takeover: How Wall Street Insiders are Using the Bailout to Stage a Revolution
3. Goldman Sachs bankers aren’t packing heat after all
4. Goldman Sachs bankers buying handguns to protect themselves against the proletariat
5. Dean Baker: Breaking up the banks is hard to do