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ATLANTA ANNUITY
Annuity Atlanta
Housing Slump Possibly Exceeding That Observed During The Great Depression
Noted Yale University economist Robert Shiller, who predicted the housing market bubble, recently warned in a speech at the New Haven Lawn Club that the housing slump is likely to cause prices to fall more than they did during the Great Depression. He further predicted that bailouts will be needed to stop millions from losing their homes.
Shiller is one of the pioneers behind the Standard & Poor’s/Case-Shiller home price index. The index is
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Bear Stearns Probe Abruptly Ended By SEC
On April 23, The Wall Street Journal reported that the Securities and Exchange Commission has refused a congressional request to disclose why the investigation into Bear Stearns was dropped. The purpose of that investigation was to determine if the firm harmed investors by improperly valuing complex debt securities.
In a letter dated April 2, the ranking member of the Senate Finance Committee, Senator Charles Grassley, requested details from the SEC about the circumstances surrounding the
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Annuity Settlement Site
Attention Annuity OwnersUnsuitable annuity? Annuity not as promised? Fees to get out too high? Not enough liquidity? The list goes on and on.There is finally a way to escape from your unsuitable annuity if you qualify:Annuities are very often misappropriately sold. Unfortunately, the ones who end up paying for it are the unsuspecting consumers. You may be one of them. There are many disgruntled annuity owners and many of
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Citigroup Admits that All Types of Auction-Rate Securities Have Lost Value
Citigroup, the leading underwriter of auction-rate bonds since 2000, announced in its quarterly earnings report that it has taken a loss of $1.5 billion on its inventory of these securities. According to Michael Quint of Bloomberg.com, the writedown amounted to 20% of the $8.1 billion in auction-rate securities held by Citigroup at the end of 2007.
Most of the loss was in student-loan backed auction-rate securities whose value dropped $971 million. The value of
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States Expand Probe into Auction-Rate Securities
State securities regulators are investigating auction-rate securities and are coordinating their efforts to help investors “who can’t access funds that their brokers placed in these complex investment products” according to an article by Kevin Kingsbury in The Wall Street Journal. North Dakota Securities Commissioner Karen Tyler, the president of the North American Securities Administrators Association, said “If violations are uncovered, then state securities regulators will seek appropriate remedies, including a much stronger commitment from
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U.S. Recession Predicted by Most Experts Increases the Risk of Mortgage Investments
With a recession in the U.S. economy looming on the horizon, investors, in general, and investors in mortgage-related securities, in particular, need to batten down the hatches. It could get a lot worse before it gets better. While many expected problems in the mortgage debt financial markets as a result of an array of subprime abuses, the tremendous downturn in the housing market coupled with a recession could result in a “perfect storm” which would
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Ratings for Bond Insurer FGIC Lowered 3 Levels to Just Above Junk
The rating of bond insurer Financial Guaranty Insurance Co. was recently cut three levels to Baa3 from A3 by Moody's Investors Service. The insurer’s credit rating strength now teeters one step above junk status because of the company's inability to raise new capital and the likelihood it will breach regulatory requirements. Moody's also lowered its senior debt rating on the holding company to B3 from Ba1.
“The cushion above the required regulatory minimum may not
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Equity Indexed Annuities – High Hopes but low returns
Equity Indexed Annuities Promise Stock market returns without stock market risk (or not)Equity Indexed Annuity salespeople most often tell you how great these products are. And just as fast the salesperson pulls out their annuity application, starts writing and before you know it, a pen has been thrust into your hand to seal the deal. Not so fast. There’s a lot about these products that isn’t being told to you. And what’s being kept from
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Wall Street May Cut 35% of Jobs
Kenneth Moelis, the former head of UBS’ investment bank, said recently that Wall Street firms may have to eliminate has many as 35 percent of jobs as leveraged lending dwindles and the pace of mergers and acquisitions slows. Wall Street banks hit by mortgage losses and writedowns have already cut more than 34,000 jobs over the past nine months, the most since the dot-com boom ended in 2001.
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Annuity Lawsuits: What's The Deal???
Annuity Lawsuits: Today's ChallengeAnnuity lawsuits are becoming a lot more prevalent these days. Fixed annuities, Equity Index Annuities, and Variable Annuities are all coming under scrutiny these days and justifiably so. There has been tremendous abuse in regards to all of these regarding sales to consumers.Therefore, many people are now finding that there is some recourse. However, the challenge is proving that there was some sort of wrongdoing or
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