Which free web e-mail is safest?

I had friends tell me not to use Google mail. One because of the whole scanning-indexing/ad-targeting issue, the other because they said Google reads all mail and attachments where as other (Hotmail, Yahoo!) only read mail you receive. I'm not counting on any security anyways (posted privacy policies are the legal equivalent of "it's our data now"), so it's more of an intellectual curiousity.

QUESTIONS:

1.
Is there a difference in personal privacy between Yahoo, MSN, and Google free web e-mail?

2.
If so, what differences exist?

-trev
.

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