Detailed text transcripts for TV channel - FOXNEWS - 20111231:15:16:00
Go nuts in this country. >> i don't know, it sounds kind of like annuity. >> that's exactly what it is, an insurance run annuity, pay now to collect something later down the line, based on abbing tear -- actuarials and rates of return that the money is going into. the problem is nobody can predict or nobody did predict. ten, 12 years ago when these things started to get into effect, that we were going to have the worst economic down turn since the 1930's and that the stock market would have done nothing over that ten year period. it happens to be exactly the same thing as if an insurance compa...
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