Phillip Goldstein of Bulldog Investors talked this afternoon about his experience with Imperial Holdings (IFT), which is in the life settlements business. The business is and was pretty compelling — lending money to wealthy senior citizens against their life insurance — even as it’s been very controversial. Bulldog invested in them by buying debt with […]
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No, in this case it's not a stock that they're recommending. There are other life settlement companies, too, many of wh...