A rare bird is about to be spotted as Springleaf Financial - the consumer-lending JV between AIG...

A rare bird is about to be spotted as Springleaf Financial - the consumer-lending JV between AIG and Fortress Investment (NYSE:FIG) - is set for a $604M securitization of subprime personal loans. These are so out-of-favor they went mostly extinct a decade before the financial crisis (remember now-bankrupt Conseco), but raging demand for anything with yield is leading to a rebirth.