The Mudcat Café TM
Thread #115300   Message #2466780
Posted By: Donuel
15-Oct-08 - 07:09 PM
Thread Name: BS: who needs $50,000
Subject: BS: who needs $50,000
Let all mudcatters who read this post profit by doing exactly what Wall Street did.

1 It is legal
2 It pays out millions of dollars when 50 people play.
3 It costs about $20 a month to play.

What Wall St did was take out insurance on an investment bond's performance. If a bond went bad, the insurance would pay. A million dollar bond could be insured by anyone and not just the owner of the bond. There could be 100 million dollars in bets/insurance on one million dollar bond.

SO HOW DO WE PLAY

We take out a life insurance policy on one of us.
It is legal
It is profitable
and it is a bit ghoulish

The insurance company will pay you directly.
No one here would pool your money.
It is up to you whether you would want to give any charity back to mudcat maintenence and equipment.

All we need is a volunteer under the age of sixty to volunteer all the personal information (excluding SS#) required to buy a policy.

non smokers please.

BTW if you vounteer don't worry, you can hedge your bet in your own lifetime by buying insurance on another volunteer!