by Structured Settlement Watchdog®
Settlement Capital general counsel Matt Bracy refers to Patrick Hindert as the "father" of the structured settlement business at the National Association of Settlement Purchasers (NASP) 4th annual meeting, .
While I doubt Bracy would agree, in my opinion Patrick Hindert's rogue actions toward the "structured settlement business" in promoting factoring defile the concept of "father". He's no Terrace Park Jesus either. The man has become no friend of structured settlements. Save the wimpy enforcement of the NSSTA bylaws by its leadership in his regard, the structured settlement industry is mentally "emancipated" from pedantic Patrick Hindert.
If the "kids" from "the other side of the tracks" consider Patrick Hindert a "father" is it not time to call into question his "parenting skills"? His unruly ruffians need discipline and aren't getting it.
I do commend settlement planner Jack Meligan in particular, and Michael Upchurch for finally speaking out publicly on advertising and marketing practices of factoring companies. As a settlement planner myself, one has to wonder how settlement planners Meligan or Upchurch, who provide comprehensive services that include structured settlements, feel about simply being referenced as structured settlement brokers.
The key issue was at first the "structured settlement apers" and then the "cash now pushers" in the factoring industry's willingness to effect change in their business practices. The bullshit has yet to walk.. This stagnant fetid mass has stood in place for over 3 1/2 years!