Re: [RT] Dems discuss confiscation of 401(k)s and IRAs

[Howard Bernstein <hbernst963@xxxxxxx>]

As you said, Argentina just did the same thing.  What seemed impossible a year or two ago, now moves closer to reality.  Don't forget that Roosevelt confiscated the public's Gold in 1933.  If things get worse, NOTHING can be ruled out.

Howard Bernstein

-----Original Message-----
From: Code 2 <Code2@xxxxxxx>
To: Howard Bernstein <realtraders@xxxxxxxxxxxxxxx>
Sent: Sat, 8 Nov 2008 2:34 pm
Subject: Re: [RT] Dems discuss confiscation of 401(k)s and IRAs

That was just one whacky proposal by a person testifying at a House
Committee on Education and Labor hearing.  I don't think you need to
start cashing out your 401(k)s.

Having said that, her proposal was eerily similar to Argentina's
confiscation of private pensions, wasn't it.  It's not unwise to keep
an eye open for this kind of action if the bail-outs intensify without
success.



From: Howard Bernstein <hbernst963@xxxxxxx>
To: realtraders@xxxxxxxxxxxxxxx
Date: Saturday, November 8, 2008, 10:47:56 AM
Subject: [RT] Dems discuss confiscation of 401(k)s and IRAs

http://www.carolinajournal.com/articles/display_story.html?id=5081

Howard Bernstein

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