The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/when-i-saw-quotnotorious-aigquot-my-bullhit-30905974.aspx

Subject:  Re: Lifetime Annuity Date:  10/4/2013  8:55 AM
Author:  buzman Number:  73408 of 75802

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:

http://www.politifact.com/truth-o-meter/statements/2013/jan/...

MOSTLY TRUE
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us