Next we learn that four of the Wall Street mega banks likely hold over $680 billion face amount of life insurance on their workers, payable to the banks, not the families. We ask their Federal regulator for the details of this life insurance under a Freedom of Information Act request and we’re told the information constitutes “trade secrets.”
Amazing how insanely evil everything is. We hit bottom and now Big Bertha is drilling to the lower planets. BTW you have the best graphics for this ping list. Gallows humor is needed.
Now that I’ve read the whole thing, it’s clear that this holding life insurance for current and former employees payable to the banks is common practice and has been for a long time, apparently.
DOesn’t make it any more savory. And doesn’t change the fact that a large number of young men and a woman or two, have died very suspiciously lately.