by John Darer® CLU ChFC CSSC RSP CLTC
Industry curmudgeon Pat Hindert apparently couldn't wait for "Throwback Thursday".
Last week, to Hindert's astonishment, first quarter structured settlement industry production was over 20% greater than it was in 2014. Hindert promised us that he would be addressing why in subsequent blog posts but instead delivers the narishkeit of yesteryear by summarizing old and mostly irrelevant news.
In 2008 I excoriated Hindert for devoting 5 or 6 blog posts interpreting a statistically irrelevant JG Wentworth query of 115 of its customers. [see Structured Settlement Surveys Another "Shaggy Dog Story" By The Terrace Park Rambler ]
Breakfast time here in the London and I'm now wondering why I bothered to read Patrick Hindert's latest pulp about Structured Settlement Surveys, including the JG Wentworth "survey" Hindert kvelled about, and other data from NSSTA that is in excess of 9 years old! Hindert has plunged into the kitchen sink head first, even including commentary about tax lawyer Jeremy Babener's 2009 NYU law school paper on dissipation, that is not a survey. Babener's 2009 paper included an admission that there was plenty of anecdotal evidence of dissipation, but opined that an empirical study might be necessary to ground the structured settlement tax subsidy. Does that have any more to do with structured settlement production during the first quarter of 2015 than the tea in China?
Get to the point Pat and support it.
Back to me kippers!