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And now we have the Consumer Protection Bureau thinking they might be the best ones to manage Americans' retirement money.
They were formed under the Dodd-Frank act in 2010 to protect us from the 'evil banks'.
I guess if they really want to help we should sic them on Jesse Jackson who wants to use that money for low income community loans
Now THAT would be protecting our money
I guess amounts totaling over $14 trillion dollars "just sitting there" is too much for any government agency to leave alone.
Remember..they only want to "help" us because I guess they think we don't know what we're doing.
Retirement Savings Accounts Draw U.S. Consumer Bureau Attention - Bloomberg
The U.S. Consumer Financial Protection Bureau is weighing whether it should take on a role in helping Americans manage the $19.4 trillion they have put into retirement savings, a move that would be the agency’s first foray into consumer investments.
And now we have the Consumer Protection Bureau thinking they might be the best ones to manage Americans' retirement money.
They were formed under the Dodd-Frank act in 2010 to protect us from the 'evil banks'.
I guess if they really want to help we should sic them on Jesse Jackson who wants to use that money for low income community loans
Now THAT would be protecting our money
I guess amounts totaling over $14 trillion dollars "just sitting there" is too much for any government agency to leave alone.
Remember..they only want to "help" us because I guess they think we don't know what we're doing.
Retirement Savings Accounts Draw U.S. Consumer Bureau Attention - Bloomberg
The U.S. Consumer Financial Protection Bureau is weighing whether it should take on a role in helping Americans manage the $19.4 trillion they have put into retirement savings, a move that would be the agency’s first foray into consumer investments.
they cant manage their own money, how in the hell do they think they can manage someone elses?
And now we have the Consumer Protection Bureau thinking they might be the best ones to manage Americans' retirement money.
They were formed under the Dodd-Frank act in 2010 to protect us from the 'evil banks'.
I guess if they really want to help we should sic them on Jesse Jackson who wants to use that money for low income community loans
Now THAT would be protecting our money
I guess amounts totaling over $14 trillion dollars "just sitting there" is too much for any government agency to leave alone.
Remember..they only want to "help" us because I guess they think we don't know what we're doing.
Retirement Savings Accounts Draw U.S. Consumer Bureau Attention - Bloomberg
The U.S. Consumer Financial Protection Bureau is weighing whether it should take on a role in helping Americans manage the $19.4 trillion they have put into retirement savings, a move that would be the agency’s first foray into consumer investments.
The Consumer Protection Bureau is managing people's money?
Here it comes. the trial baloon has already been floated.
before long, there will be a drum beat to nationalize 401Ks.
It is coming.
I fear you may be right Ferd. I've been following this and too many people/groups/USG agencies think they need to take this pot of money over and manage it for us. Too many groups have gone to Congress and one too many public hearings on the topic.
Shades of Argentina ??
I don't know but I'm keeping a wary eye on what goes on in this area and will pull out all my damn money if it comes to that. I already can't depend on SS being there but now have to worry about my 401K ?
No way.
I fear you may be right Ferd. I've been following this and too many people/groups/USG agencies think they need to take this pot of money over and manage it for us. Too many groups have gone to Congress and one too many public hearings on the topic.
Shades of Argentina ??
I don't know but I'm keeping a wary eye on what goes on in this area and will pull out all my damn money if it comes to that. I already can't depend on SS being there but now have to worry about my 401K ?
No way.
think what a 19TRILLION dollar shot in the arm would do for a Liberal/Progressive led government? They could make expanded Social Security promises tell us all our pensions are safe and spend that money in the regular budget just like they do SS tax dollars.
poop our money is gone and they will claim to have saved the world from the evil wall street demons yet again.
guess who gets to eat dogfood in 20 years when we retire?
Actually no they don't. But they want to. They want to mange your retirement money is what they are considering.
Please cite a source. And no, I don't mean your vivid fantasy world.
Really, you conservatives spend half your time complaining because Obama's in Wall Street's back pocket, and the other half complaining because he's trying to do something about it.
think what a 19TRILLION dollar shot in the arm would do for a Liberal/Progressive led government? They could make expanded Social Security promises tell us all our pensions are safe and spend that money in the regular budget just like they do SS tax dollars.
poop our money is gone and they will claim to have saved the world from the evil wall street demons yet again.
guess who gets to eat dogfood in 20 years when we retire?
I'll pull the plug on my 401K before I succumb to that and take the penalty hit.
Having 70% of my money buried in the back yard beats 100% of government IOUs.
That or change it all over to a single life annuity with an insurance company.
I'm already retired so I can do that.
Please cite a source. And no, I don't mean your vivid fantasy world.
Really, you conservatives spend half your time complaining because Obama's in Wall Street's back pocket, and the other half complaining because he's trying to do something about it.
Make up your minds. If you have any.
I provided the link in my post. See the link in post #1
It's a Bloomberg article or do you think they make up stuff like Fox does ?
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