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German investors lose bet against US life expectancy.

they spend their golden years in poverty having lost the bet against the life span of their fellow retirees in the USA, while the german banks pocket their euros.

http://www.spiegel.de/international/business/0,1518,646385,00.html

Investing in Death
Betting on US Life Expectancy Proves Risky

By Christoph Pauly and Anne Seith in Frankfurt
German investors might have calculated wrong when betting on how fast Americans will die.
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German investors might have calculated wrong when betting on how fast Americans will die.

Deutsche Bank and other financial institutions manage complex funds that buy up Americans' life insurance policies and pay their premiums in return for their payouts. But angry German investors are finding that Americans aren't dying as quickly as expected -- and that only the bankers are making a buck.

Gisbert Soballa has a rather dispass

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Added: Sep-2-2009 
By: HydrogenEconomy
In:
News
Tags: german, investors, lose, bet, betting, US, life, span, bank
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