Investors' losses cascade into trillions while pension plans, considered relatively safe, follow in downward spiral As a retiree with a secure, Wall Street-free source of income that covers his needs, Donald Lindburg may be as rare as the pandas the San Diego Zoo scientist once studied. Yet while the 75-year-old is, financially speaking, sitting pretty after converting much of his stock and mutual funds into a guaranteed annuity two years ago, Lindburg isn't feeling complacent. He's feeling angry. “At this point, all my friends and acquaintances are simply stunned by the extent of loss in their financial resources,” Lindburg said. “Some are selling their stocks, some are holding on, but everyone is feeling this tremendous sense of helplessness and anxiety. “I hear comments like, 'We need to march on Washington, D.C., and...
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