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Friday, July 18, 2008
Economics editor says Fannie Mae and Freddie Mac are on the road to nationalization, and their stockholders are going to pay the price.
Economics editor Chris Farrell (American Public Media)
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From Kalamazoo, MI, 07/19/2008
I'm looking at all this Fannie and Freddie and banking mess and wonder if my two annuities are safe? I am retired and will grow more dependent on these. Both of the variable annuities from very large companies but I had no choose since my employer contributed to and I received one as a beneficiary. I know banks have 100k insurance and brokerages and insurance companies don't. Hence my concern, are these annuities hinged on whether my holders go under or are they deversified in the market? Thanks.
From Winchester, VA, 07/19/2008
Any chance that Chris is the Chris Farrell who once lived on Aberdeen Ct in Fairfax, Virginia. If so, drop me a line.
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