Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
If people were given an option back when to choose between a defined pension or 401K, most likely only those knowledgeable in stocks/bonds would have chosen 401K.
So, years later when almost all defined pensions are gone and we are left with 401K, the government thinks they need to take them over and make decisons for us ?
Just like they saw this bank fiasco coming ? They are just looking for another pot of money to grab..what's left of our retirement.
If people were given an option back when to choose between a defined pension or 401K, most likely only those knowledgeable in stocks/bonds would have chosen 401K.
So, years later when almost all defined pensions are gone and we are left with 401K, the government thinks they need to take them over and make decisons for us ?
Just like they saw this bank fiasco coming ? They are just looking for another pot of money to grab..what's left of our retirement.
Bingo. Just as defined benefit plans go extinct, the government wants to takeover defined contribution plans to limit your choices and "protect you from yourself".
Oh looky, there is hope after all, Frank says he would let the people have some freedoms after all.
So tell me, which political party is the party of the oppressive "Nanny State'? Which one decides it need to continually infringe upon our freedoms and liberties? Which one is better equipped to the everyday decisions for private individuals?
Oh yea, that's right. The one better equipped to mortgage the future our children, for a short term gain. How is this fascist even a member of congress any more? I can just see Nancy "Wack-a-mole" Pelosi hoping up to applaud these comments by Frank.
This is the same Bonney Fwank, who said it was not the democrats, but mean old republicans who were forcing banks into giving risky home mortgages to the poor.
Obama, his administration, and most of all Barney Fwamk (lol) are idiots. He is about half way through this video, but seriously, he is an idiot. This video should be played over and over and over. If McCain had been smart he would have played this video more in his campaign.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
