Remove Fiduciary Duty Remove License Remove Math Remove Numbers
article thumbnail

Transcript: Gretchen Morgenson

The Big Picture

That’s a shocking number. I think there’s a number we have in the book, maybe $70 million or something in fees to take care of. It had been prevented, had been barred from that before because of this fiduciary duty idea and also because of the opacity of these instruments. The mortality rate is 10%.

Insurance 141