What’s worse is that even if they don’t end up doing anything, the mere whisper of this will hurt the markets. Once people (like me) hear of this, they’ll STOP CONTRIBUTING TO THEIR 401k PLAN, and if possible, PULL MONEY OUT. Once again, the unitended consequences of policies penned by ignorant bureaucrats will screw us all.
Welcome to Gault's Gulch! We stopped doing this in November of 2008. Trust Obama and the Democrats? BWAHAHHHAHAHAH! Ask any American Indian you happen to meet. He/she will tell you what happens when you trust the Great White(ish) Father!