Comment: Yep, then this will happen…

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Yep, then this will happen…

The story is a bit old but still makes the point.

Is your 401K about to be nationalized?

The $19.4 trillion sitting in personal retirement accounts like the 401K may be too tempting an apple for a government that is quite broke, both monetarily and morally. The U.S. Consumer Financial Protection Bureau director Richard Cordray recently mentioned these accounts in a recent interview, stating “That’s one of the things we’ve been exploring and are interested in, in terms of whether and what authority we have.”

http://communities.washingtontimes.com/neighborhood/politics...