JPMorgan Chase bets 10.4 billion on Early Death of Workers
Posted: Tue Mar 25, 2014 8:50 pmRealcent.org
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JPMorgan Chase bets 10.4 billion on Early Death of Workers
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Posted: Tue Mar 25, 2014 8:50 pmRe: JPMorgan Chase bets 10.4 billion on Early Death of Worke
Posted: Tue Mar 25, 2014 9:12 pmOk so if I have this correct, JPM has all this extra (bailout?) money, some of which they use to insure the lives of their employees. Implied is they own the subsidiaries of the insurance companies so the money they buy the life insurance with is still there's and gets invested as insurance companies will do (makes me wonder if some of their "toxic" investments end up here?). But due to the magic of life insurance the value of the investment grows tax free. JPM can then give itself a tax free loan on the cash value (pay back or not pay back doesn't matter) or just wait 'till the insured dies then collect the entire death benefit tax free. I'm sure there are many more details but if it weren't all "legal" I'd call it a fine money laundering scheme.
Re: JPMorgan Chase bets 10.4 billion on Early Death of Worke
Posted: Wed Mar 26, 2014 3:54 pmIt gives you warm fuzzes doesn't it! 