Annuities....The Next Nightmare

Worse than the Ibank problem.....


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

Then think of AIG etc....

 

Hmmm. Would a giant like TIAA/CREF be affected do you think?

The thought of my mom moving in with us is horrifying.

 

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.......

 

AIG...

From the "800lb gorrilla in the room" to emaciated lab chimp....

 

annuities. old people. election year

 

Ooh, good point. So there's no need to worry for a few months.

 

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

 

... not to mention that the sales loads are HUGE on annuities....

HUGE

 

Annuities are the dumbest investments.

 

http://www.aig.com/annuities-available-through-aig-companies_20_22079.html