tag:blogger.com,1999:blog-4748060798655400108.post3941337664664051902..comments2023-11-02T08:55:35.510-07:00Comments on Market Design: Repugnance, and regulation of new markets: surrogate wombsAl Rothhttp://www.blogger.com/profile/02232854038397912604noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4748060798655400108.post-29191855750921539992009-04-02T07:43:00.000-07:002009-04-02T07:43:00.000-07:00The majority of the money that has gone missing wa...The majority of the money that has gone missing was held in escrow. Usual practice is the GC doesn't undergo the procedure to get regnant without the health insurance and life insurance all being paid and the money to compensate her being put in an escrow. This is not a job you can quit half way through. <BR/><BR/>So the weak link was the escrow company. California does have regulations, its just that this company had been uo and running for two years without the right paperwork. Seems in Ca any joker can set up an escrow comany and accept money and no one bothers to check if they have insurance bonds or a liscense to act as an escrow agent. <BR/><BR/>Main failure was in the regulation of escrows.Anonymousnoreply@blogger.com