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June 28, 2006
Infidelity Investments?
Markets are truly amazing. The ever-observant Walter Olson reports that UK financial institutions are now providing "matrimonial dispute loans" -- loaning money to a party in a pending divorce secured by the party's expected award or settlement from the party's soon-to-be-ex in the divorce. Inasmuch as the hedge funds cannot be far behind such a financial innovation, it's only a matter of time before the next reason touted for regulation of the hedgies is that they are promoting marital discord without appropriate oversight.
Posted by Tom at June 28, 2006 04:46 AM
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