by John Darer® CLU ChFC CSSC RSP
Continuing to expose Patrick Hindert's hypocrisy for his attack on the "squandering plaintiff" theory comes from a recent and unlikely source- a series of posts about Randy Snow, the parylimpian, the second of which Hindert posted in August 9, 2008. A portion is excerpted below.
Hindert asked: "Your injury occurred in 1975 – just prior to the beginning of the structured settlement industry industry in the United States in the late 1970s. Have you had any experience with structured settlements or injury award recipients?
Randy Snow: After becoming involved in wheelchair sports, I traveled and met many persons involved in accidents. Some of those persons received large sums of money. There are many inspirational stories. Personal injury victims who have successfully managed their recoveries and successfully redefined their post-settlement lives. Many of these stories involve structured settlements.
There are also MANY horror stories with Accident Victims who have SQUANDERED their recoveries and their lives.
I have a friend who received a $300,000 settlement in 1980. That was a pretty nice sum in those days. In two years, his money was gone. In my experience, accident victims who are matched with professional financial advisors and settlement planners are much better".
Frankly when Hindert posted the Randy Snow interviews it really was a "WTF" moment. In hindsight at least one of them has proved to be useful in hoisting "Hedwig" by his own petard.
How can Hindert credibly spew hot air on the "pernicious" "90% squander in 5 years" theory when he' s been out there hanging on to every word and (in particular) promoting the "squandering" words of justification from the frickin' Bruce Jenner (Caitlyn ) of wheelchair athletes?
Read June 24, 2009 "The Squandering Plaintiff Redux"
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