Moral bankruptcy ?

Apologies for a post that is not directly related to stock-picks. I promise to try my best to refrain from such posts in the future.

I have been reading details of every misdeed (market timing, late trading, ipo favors, doctored analyst ratings etc) on Wall St for the last couple of years. While disappointed by such actions of these guardians of investor wealth, nothing prepared me for the latest one. Market timing in annuities! These are instruments that are regarded as safe and fit for "Widows and Orphans". To think that someone would want to make an extra buck to buy an additional yacht, by cheating these risk-averse segment, is disgusting.

Be warned - greed is everywhere. And you probably have lost thousands to these soulless people.