July 23, 2008
This is a case of gross and forced 'parenting' where there never was a need to do so.
The fact that indexed annuities are in fact fixed annuities with a mirror of the stock market and not the exact image is proof enough.
A mirror image only mimics the actions of its original. It is NOT the same. Where the original DOES have the downside risk, the mirror image does not.
This is simply a power grab by never do well bureaucrats without regard to the public good but for the agrandizement of their own position.