There's a missing epilogue: 9) The states themselves, as well as a large interest group formed by the purchasers of whatever deals were securitized, are now fi

There's a missing epilogue: 9) The states themselves, as well as a large interest group formed by the purchasers of whatever deals were securitized, are now financially interested in the continued financial health of the malfeasors. In other words: the opioid producers now have the states and bondholders rooting for them to continue selling opioids. (In fairness: if the pharmas are not pure plays this will not be as dismal as it was with tobacco. But in the tobacco case, it was pretty clearly laid out that the continued payment streams were secured only by MSA revenues based on continuing cigarette sales. So the states, or the bondholders, were rooting for continued cigarette sales.)