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Strategies & Market Trends : Value Investing
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To: Wallace Rivers who wrote (19853)10/14/2004 6:48:23 PM
From: E_K_S  Read Replies (1) of 78625
 
Hi Wallace - I expect AIG will have problems with Spitzer too as this company practiced unethical dealings with many of their customers. One of their subsidiaries sold my 89 year old aunt an auunity (w/ very high surrender fees) a policy that was in appropriate and bordered on "elder abusive". Their sales people were farming elder accounts and some how got my aunt involved.

I suspect that Spitzer will take care of these companies. I doubt that any of their customers (let alone shareholders) will see any of the settlement(s). It's sad that companies act in this manner but with their greed and huge potential profits, they do.

The lesson learned is "trust your management", a difficult thing to judge for the shareholder.

EKS
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