No. of Recommendations: 6

You wrote, Pretty pathetic to say that buying undervalued bonds is similar to taking advantage of devastated people who have just lost everything material, (and in too many cases still getting over the loss of loved ones), living in school gymnasiums or in tents on other public land, wearing donated clothes, eating red cross meals; by offering them some crumbs with the sole intent of reaping a nice fat profit.

People didn't have to accept their offer. And you seem to be the main person accusing the hedge fund of shady behavior here.

Judgmental much?

Also, Maybe a hedge fund that locates people with stage 4 cancer and buys out their life insurance policies might be to your liking?

I've certainly looked at viatical life settlements in the past. I think they serve a purpose - they allow the terminally ill to pay for necessities like healthcare before they pass away by using a life insurance policy for something it was never meant to do. But in the past settlements for AIDS patents turned out to be a disaster for that industry because people with a terminal diagnosis kept having their lives extended.

In those cases the viatical life settlements were a huge benefit to the insured and pretty much a disaster for the investors. So these things swing both ways. But I'm guessing you're probably okay with that, right? Kind of a two-faced position to have, isn't it?

- Joel
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