Of all the scoundrels ripping off the holders of IRAs and 401(k)s, none compares with Ben Bernanke. He manipulates the money, credit, and fixed income markets to make sure that small, risk-averse savers get virtually no nominal return, and negative real return on investment.
It’s worth noting that the “consumer financial protection” bureau that “wants to help” is part of Bernanke’s Federal Reserve.
And now a lot of big pension funds are. In trouble and have to pump cash into them because of the horrible returns.