by John Darer® CLU ChFC MSSC RSP CLTC
Structured annuity omcpanies are crushing banks during the Great Repression of 2008-2009.
5 more banks were shut down Friday July 31, 2009
Just an observation...
As of August 1, 2009
Number of Bank Failures in 2009 69
Number of Structured Annuity Issuers Who Have Failed in 2009 Zero
Number of Bank Failures in 2008 25
Number of Structured Annuity Issuers Failed in 2008 Zero
Number of Bank Failures in 2007 3
Number of Structured Annuity Issuers Failed in 2007 Zero
Past performance is no guarantee of future results.
For the purpose of this observation "failure" is defined as shut down by the FDIC in the case of banks and taken over by state insurance departments in the case of structured annuity issuers.
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