The Government Wants to Hijack Your 401(k): "The upshot: The Obama administration has to find other ways sell government debt - without raising interest rates, a move that would almost certainly jeopardize the country's super-weak economic recovery.
Facing an uphill battle and increasingly skeptical buyers, the government is changing tactics and targeting the biggest pile of money available as a means of dealing with its fiscal follies - the $3.6 trillion sitting in U.S. retirement plans, including 401(k) plans."
Guarenteed Retirement Account Bailout (G.R.A.B.)
Click Here to see the updated 2.0 version of the report.
Wednesday, January 27, 2010
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