No. of Recommendations: 0
But he doesn't have to forcibly confiscate retirement accounts to do great damage to America and thus advance his socialist agenda.

He could, for example, force IRA and 401(k) holders to buy Treasury bonds by mandating the placement of government-structured annuities in their retirement accounts.

Or something along those lines.


Yes, I decided to use a loaded term "confiscated". It's not that far off the mark if you believe Obama could force all the IRA and 401k account holders to liquidate their stock and bond holdings into Treasury bonds. It's the notion that under this theory, the government will not touch the equity in the various flavors of UL because insurance companies have a lot of influence on legislators but the government can forcefully cause $10 trillion in assets be converted to Treasury bonds while the likes of Vanguard, Fidelity and others sit idly by because they don't have their own lobbyists.
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement