by John Darer® CLU ChFC MSSC RSP CLTC
Structured Settlement annuity companies are crushing banks during the ” Great Repression” of 2008-2009
5 more banks were shut down Friday July 31, 2009
Compare… as of August 1, 2009
Number of Bank Failures in 2009 69
Number of Structured Settlement Annuity Issuers Who Have Failed in 2009 Zero
Number of Bank Failures in 2008 25
Number of Structured Settlement Annuity Issuers Failed in 2008 Zero
Number of Bank Failures in 2007 3
Number of Structured Settlement Annuity Issuers Failed in 2007 Zero
Past performance is no guarantee of future results
For the purpose of this observation “failure” is defined as shut down by the FDIC in the case of banks and taken over by state insurance departments in the case of structured settlmeent annuity issuers.
Leave a Reply