Source item
Open original source ↗In distress and/or after an adverse legal ruling, these long-term annuities may become shorter-term deposits…subject to a run and/or mandatory redemptions.
Quoted context
These are the quoted author’s words.
Exclusive: Lawsuits are piling up against Dodgers owner Mark Walter brought by senior citizens who bought annuities from his insurance companies. https://t.co/prVDmmEnuz
WSJ ↗