“WND reported in January that Assistant Labor Secretary Phyllis C. Borzi and Deputy Assistant Treasury Secretary Mark Iwry are planning to stage a public comment period before implementing regulations that would require private investors to structure IRA and 401(k) accounts into what could amount to a U.S. Treasury debt-backed government annuity.”
Just like health care, what part of the Constitution gives our elected elite the right to demand that I purchase a product to live in the U.S.?
I wonder if there will be a way to invest in insurance on these CDO’s? We could make gazillion dollars, or euros or some new currency, on this. Go read The Big Short for a full explanation.
On a serious vein, put your hands on my IRA and that is where you are going to leave them.