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Feds must look into Lawsky's allegations

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It may be time to start paying attention to Benjamin Lawsky, New York’s superintendent of financial services, who for the last few months has been warning about a scam in the life insurance industry that could create a mess akin to the one that brought the banking industry — and the nation’s economy — to its knees a half-dozen years ago. At issue are some new accounting rules adopted by regulators in all 50 states ...

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