Aug 24, 2012
Only the clever need apply. This week, stories of people acting on a technicality in the face of some of life's toughest regulators: financial regulators, parents and God.
- An estate attorney in Rhode Island discovers the investor's Holy Grail: a financial scheme that guarantees only reward and no risk. All upside with no downside. The only catch? You have to die in order to get the money. But there's a loophole! Alex Blumberg from Planet Money and Jake Bernstein from ProPublica tell the story of how the attorney, Joseph Caramadre, figured out how to get someone else to die instead. For a more detailed version of this story plus graphics, documents, video excerpts of the depositions, and a way for you to weigh in on whether it's acceptable to profit from the death of strangers, visit ProPublica's website.Song: "Sign It on the Dotted Line", Caravan