http://www.radio4all.net/program/52379Podcast for Program: Greed is Now Respectable, Part 2: Reverse Mortgages and AnnuitiesFri, 10 Jun 2011 10:49:58 +0000240http://www.radio4all.net/program/52379In part two in our series, “Greed is Now Respectable” we visit again with Attorney Prescott Cole, employed by California Advocates for Nursing Home Reform based in San Francisco, California. We discuss what a reverse mortgage is and the grave and potential economic and social consequences to which purchasers of a reverse mortgage are exposed. We talk about annuities, what they are, what they cost, and why an annuity is a poor investment for seniors. We include a discussion of how Veterans eligible for aid benefits have been lured into giving away their assets in an attempt to become eligible for the aid benefits. Radio Curious - Barry VogelFri, 10 Jun 2011 10:49:58 +0000