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.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra