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Will those afraid Obama is going to take their 401k going to hurt the market by pulling their money out?
01-24-2013, 01:32 PM
Post: #3
SmartA$$ Offline
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Obama isn't going to take 401k money. That's a rumor started by a few communist nut jobs who don't think that anyone should be allowed to save money.

But to answer your actual question, yes it would hurt the market. People would scramble to get their money out, despite the penalties and losses from the market, they would want to just get whatever cash they could get.

But, like I said, its not going to happen. That money belongs to the people who have the 401k plans, and the government can't take it.
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Messages In This Thread
[] - Derek - 01-24-2013, 01:32 PM
[] - SmartA$$ - 01-24-2013 01:32 PM
[] - ou_sooner_football - 01-24-2013, 01:32 PM
[] - svmainus - 01-24-2013, 01:32 PM
[] - Phantomvolcano510 - 01-24-2013, 01:32 PM
[] - weepy - 01-24-2013, 01:32 PM

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