Thursday, September 16, 2010

Banking on death

German bankers come to Denmark, looking to profit from the early deaths of Danes.

More calmly, they are looking to buy people's life insurance policies.

The article is interesting for several reasons, including the apparent success of the banks at overcoming the adverse selection problem in their home market in Germany.

The social democrat's idea that somehow this market caused the financial crisis is well, not so clever.

Perhaps the most astouding bit of the whole article is the news that the University of Copenhagen has among its faculty professors of theology. Who knew?

Hat tip: Lars Skipper

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