Mr Lee Posted February 25, 2009 Posted February 25, 2009 The next big financial meltdown? The next big crash may be coming and this one might take retirees out! The mortgage and credit sickness that brought banks and brokers to their knees has now infected the companies that insure our lives and protect our families. http://articles.moneycentral.msn.com/Inves...l-meltdown.aspx Link to comment Share on other sites More sharing options...
scianna54 Posted February 25, 2009 Posted February 25, 2009 I feel more that it is time for a breather now after all that negativity. Remember, it all goes in waves.. Link to comment Share on other sites More sharing options...
tom_shor Posted February 25, 2009 Posted February 25, 2009 Well the good news in this is I am now positively worth far more alive than dead. :rolleyes: Link to comment Share on other sites More sharing options...
Mr Lee Posted February 26, 2009 Author Posted February 26, 2009 I do not know about the rest of you but this can be bad news for me and many other people who are retired. This one sentence is not good news because I have to wonder ig the states will have enough money to pay all those who have annuities and if they do, where would now be a safe place to put that money to earn income?"Customers with annuities or insurance policies might have to turn to state insurance backstop funds and settle for only a portion of the money they were expecting." Link to comment Share on other sites More sharing options...
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