October 20, 2008
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This is just silly and a waste of taxpayer dollars. It's Wall Street vs the Insurance Companies. IA's are totally safe and do NOT invest money in the markets. There is an abundance of regulation by the individual states and suitability is at the heart of it all. No one has ever lost money in an IA. There is no risk. It riles me a lot to think of all the money wasted in this endeavor to further regulate a fully regulated product. This is what the Presidential candidates both say that they'd eliminate