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The writer of the article left out a few pertinent facts and certainly
didn't put the meeting, where the economist made her suggestions, in proper
context. The meeting took place after Fuld, Lehman CEO, had made a mockery
out of any integrity that maybe Wall Street once had. And considering that
Wall Street makes about $40.5 Billion dollars a year marketing 401-K
programs....you bet that lobbysist will be working against this proposal.
Ira
----- Original Message -----
From: "Code 2" <Code2@xxxxxxx>
To: "Howard Bernstein" <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, November 08, 2008 11:34 AM
Subject: Re: [RT] Dems discuss confiscation of 401(k)s and IRAs
> That was just one whacky proposal by a person testifying at a House
> Committee on Education and Labor hearing. I don't think you need to
> start cashing out your 401(k)s.
>
> Having said that, her proposal was eerily similar to Argentina's
> confiscation of private pensions, wasn't it. It's not unwise to keep
> an eye open for this kind of action if the bail-outs intensify without
> success.
>
>
>
> From: Howard Bernstein <hbernst963@xxxxxxx>
> To: realtraders@xxxxxxxxxxxxxxx
> Date: Saturday, November 8, 2008, 10:47:56 AM
> Subject: [RT] Dems discuss confiscation of 401(k)s and IRAs
>
> http://www.carolinajournal.com/articles/display_story.html?id=5081
>
> Howard Bernstein
>
> --
>
>
>
> ------------------------------------
>
> Yahoo! Groups Links
>
>
>
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