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Subject:  Re: Lifetime Annuity Date:  10/4/2013  8:55 AM
Author:  buzman Number:  73408 of 88775

When I saw "notorious AIG" my bull$hit antennae went up, too.

While AIG's management can hardly be without blame, tearing down Glass-Steagall played a crucial role also.

As far as retirements being destroyed, for decades AIG's VALIC division has siphoned billions from teachers and non-profit employees via high priced annuities inside 403B plans.

And it was completely legal.

For the record:

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