Annuities....The Next Nightmare

L

libertad

Worse than the Ibank problem.....


Just think of all the people depending on uninsured annuities.......

Then think of AIG etc....
 
Note how there is no media hype about the plight of annuities.....

Fixed annuities only contain debt.....and the covenants only allow certain ratings......

Now think about it.....

Now think about AIG....and others....

FDIC regarding capital has to go before Congress when Wamu succumbs.....

Now think about annuities ....no FDIC....at the onset.....

Now think about what LEH, MER, FNM, FRE, etc...... really did to good folks.....

It ain't going away in a dream.......
 
Where was everyone when this problem could have been addressed.

You think annuity salesman tell folk its not guaranteed by anyone and if it hits the fan they lose.

Bet the fees the sales monkey got are in tbills or bank cd's
 
You must log in or register to reply here.
Back
Top