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  • From: DSanner106 AT aol.com
  • To: homestead AT lists.ibiblio.org
  • Subject: Re: [Homestead] 'Democratic discuss confiscating 401(k)s, IRAs'
  • Date: Sat, 8 Nov 2008 23:49:46 EST

I did read a story on this in another source earlier in the week

_http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20081012/REG/3101399
71&template=printart_
(http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20081012/REG/310139971&template=printart)



I also read in the AP that Argentina did this very thing this week,
announcing they were confiscating personal retirement account money and
transferring
it to the government.

Drew


In a message dated 11/8/2008 8:19:39 P.M. Eastern Standard Time,
goosecreekfarm AT gmail.com writes:

I'm not familiar with The Carolina Journal, either. Judging only on its
choice of the word "confiscating," I'm guessing it slants pretty hard to the
right. While it may soon seem attractive to many Americans to convert their
private retirement savings to some SS-based plan, I don't think it's any
more accurate to say that Democrat leaders are going to confiscate 401(k)s
than it was to say that John McCain would have put everyone's SS into the
stock market.


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