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Don't you just love this FOXNEWS style of slanted reporting. Providing liquidity for legal, illiquid assets for willing sellers is in no way evil. Securitization of these assets provides a real reinsurance market service by mitigating real risks. BTW, Goldman's decision had absolutely nothing to do with BanksterUSA. The reality is that proper securitization requires time and specialized expertise. The ramp up just took too long in an industry in the middle of a financial crisis of it's own. Besides the life settlements industry is too small and have overpaid for policies. So these "vultures" are losing money and these poor dying souls are living longer and making money. Reason enough. This story's assertions and conclusions would make O'Reilly proud.
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