MistyRiver

Good observation MR. Having said that, Sun Life has a minor problem with Variable Rate Annuities compared with Manulife. When Manulife bought Hancock they modelled the plans they sold in Canada after the US model which has lead them to the losses we are just being told about. Seg Funds and other modelled products are ticking time bombs for the insurance industry. From an actuarial point of view, they should never of been sold. If the stock indices do not make a rebound soon, we may see a collapse of the life insurers as well as the large Wall St banks.

On another note, if I were in charge of printing the money I would take down gold on a regular basis so as not to draw attention to the debasement of the currency. We need to play their game so that we are still left with funds at the end of the day.

I also think the US financial system as we know it will implode. It is too late to save. If it does not collapse soon them compound interest will do the trick down the road.

Woodstock