Feature: Execs react to Goldman shuttering its settlement unit
By Trevor Thomas - Goldman Sachs Group Inc., New York, is shutting down its life settlement unit, a company spokesman acknowledges. The retreat occurs against a backdrop of adverse publicity the company has received for its involvement with the discredited mortgage-backed security market. The company has also been called on to testify on life settlement securitization by the Senate Finance Committee. Reactions from executives in the business ranged from dismay to mild surprise. Rich Nemet, partner, Life Settlement Company Of America, Livingston, N.J., called the withdrawal "a crushing…
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