What happens when the music stops?

The article looks at U.S. conglomerate corporation Baldwin-United as of December 1982. Topics include its acquisition of mortgage insurance company MGIC and the tax sheltering strategy utilized by Baldwin's president Morley Thompson which has helped him generate profits in the single premium deferred annuities (SPDAs) business. Other topics include Baldwin's debt and the activities of some of its subsidiaries including the National Investors Life Insurance Company (NILIC).