Conseco finds the headlines again, and no one knows what to think...

The pension fund lawsuit against Conseco Inc. does not refer to asset-backed securities issued by Conseco Finance, as was expressed in last week's Wall Street Journal.

The article stated that "These notes were backed by the loans Conseco Finance made to consumers around the country. In a process known on Wall Street as securitization, Conseco would take the loans, bundle them together and sell them to investors as tradeable securities."