Subject: File No. S7-14-08
From: Phillip Wasserman

September 15, 2008

Comment from Phillip Wasserman-
I am the number one personal writer of index annuities in the United States.
As I write this the world markets are in danger of collapse- Everything is imploding-but I can assure you that the SEC has been vigilant in making sure that wealthy seniors arent taken advantage of by coming to free dinner seminars where index annuities are discussed.
I and my company have been scrutinized-harassed And my ads used as examples by the SEC watchdogs.
How much money was lost in index annuities today and the last few weeks?
Zero.
Now the SEC in its wisdom-Can I say that?
Wants to regulate them –index annuities-as securities-when they are clearly not.
Instead of watching whatever the mess is going on The SEC wants to make sure they do the same great job protecting people who buy index annuities as they have done For Bears-Lehman Bros-Merrill-and everyone else.
BravoBravo
The SEC ignores the facts that they –index annuities-are insurance products highly regulated by each state- Much as they have ignored everything else going on.
I say cheers to the wisdom of the geniuses who are protecting us. A toast to them
Index annuities are fixed insurance products-among the safest of all places to put your money. I welcome all former employees of Lehman Bros. to my free dinner seminars as I wish to offer them a free meal.
Perhaps they will get to sit next to an SEC regulator who wants20to keep people from taking their money out of the market and into safe secure insurance products and they can lament together.

The SEC people may need a free meal also-as most likely Congress nor the American people will put up with the mess they have made and they may need to move on and muck something else up.
How could so many wise
important people be so delusional as to miss the forest for the trees?
In closing-shutting down free dinner seminars may be doing me a huge favor-because with the damage the SEC has allowed to occur the need for free food for out of work and distressed Americans is growing by the hour. Who would have thunk it?
My closing thought-if this all wasnt so sad and true-it would be funny.

Email-Pwasserman@aol.com