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|Subject: Re: Lifetime Annuity||Date: 10/4/2013 8:55 AM|
|Author: buzman||Number: 73408 of 76883|
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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