Life Partners in trouble in CO
- Thread starter lifesettlementadvisor
- Start date
- 1,802
Based on what I have seen about these type of products - the securities industry SEC/FINRA/state are angry about competition. How dare small investors actually buy a product that will return their money and give them a decent return. I am not shilling for Life Partners. The concept is easy to understand, the policy holder makes money, the investors make money, agents get paid and the insurance companies actually sell MORE insurance.
Are there any other life settlement companies operating in CO? I realize viaticals were garbage. I think if insurance agents sell life stllements products like insurance it should not be a problem. CO's apporach is very heavy handed and sounds political.
The insurance industry is far from perfect but the states have done a better job protecting the public than the SEC with naked shorting and the failure to reinstate the uptick rule plus endless hedge fund abuses that have hurt small investors AND taxpayers. This doesn't even take Bernie into account.
Colorado has become California East. I think LPHI may be getting more scrutiny because they are not libs.
If you want a real crime look at the purchase this week of Indy Mac by Soros, Paulson (not Henry or a relative), Flowers and Michael Dell from FDIC. The first three are big hedge fund managers and Paulson made big money shorting mortgage back secs. My guess is they all shorted Indy. Soros probably made billions with his short gang in October to help his candidate.
Schumer, in October before the election, did a sneak attack in the press on Indy Mac which helped caus the run on the bank. The point is the hedge fund shorts can destroy a financial institution then buy it later with Uncle Sam recapitalizing it. This is criminal. We had major market manipulation in October just before the election.
Another great post. It must be tiresome with all that great information floating around in your head...........For those who think I am being sarcastic take a look at some of his other posts.
