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What would've happened to Social Security if Republicans privatized it like they wanted to under Bush?
10-12-2012, 08:35 AM
Post: #2
Michael M Offline
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It was consistent with casino capitalism. Those of you who have 401(k)s should remember the 2008 collapse and perhaps Enron. And maybe some of you are getting a bit edgy about the increasing dependence on Microsoft in your retirement funds?

Plundering retirement funds has become a standard business technique. No one will e able to sue the brokers and fund managers for failing to follow due diligence if they just follow the S&P index, right?

Yeah, privatizing Social Security would have been a heckuva risk, and it looks in the short term as if it would have been an unmitigated disaster that the taxpayers would have had to bail out.
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Messages In This Thread
[] - Michael M - 10-12-2012 08:35 AM
[] - David S - 10-12-2012, 08:35 AM
[] - Randy F - 10-12-2012, 08:35 AM
[] - John S - 10-12-2012, 08:35 AM
[] - Di - 10-12-2012, 08:35 AM
[] - greatmeal215 - 10-12-2012, 08:35 AM
[] - Golden - 10-12-2012, 08:35 AM
[] - Bonkers! - 10-12-2012, 08:35 AM
[] - Jeff Lebowski - 10-12-2012, 08:35 AM
[] - webned - 10-12-2012, 08:35 AM
[] - adeline - 10-12-2012, 08:35 AM
[] - whosudaddynow - 10-12-2012, 08:35 AM
[] - Shuthrower - 10-12-2012, 08:35 AM
[] - Socrates - 10-12-2012, 08:35 AM

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