The Secondary Market Becomes the Exit
Private funds promised distributions on a timetable that stopped being met. The secondary market has grown from a distressed corner into the mechanism by which investors get money back at all.
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The Cemetery Runs on a Fund That Stopped Working
A cemetery sells plots once and maintains them forever, funded by a trust whose income was supposed to cover the mowing. Cremation broke the first half of that arrangement and arithmetic broke the second.
![14-1011-039 print 8x10 b&w "D" Ward, US Naval Hospital, Quantico, VA. [Ward][Nurses][Corpsmen][Patients] Navy Medicine Historical Files Collection - Facilities](/assets/photos/travel-nursing-permanent-1600w.jpg)
