What do you call it when..............?

[Rajoo]

Originally Posted by BlueStreak

They all spend the money. Public or private makes little difference. The bank spends your 401k money and shows you a bunch of numbers on a web page. If the bank should go under and the government doesn't bail them out, it's YOU that watches his retirement savings disappear. Where do you suppose it went?

Don't hand me your simplistic nonsense. I'm smarter than that.

Dave

We all need to be Dave. It's not even paper money anymore, it's all electronic including transactions and you get charged fees coming and going, sometimes without your knowledge. Imagine the possibilities!

[Tom Joad]

Originally Posted by merrylander

Read them both at seventeen when I was still a liberal. Even so I figured it was all BS.

I read them in my 30's when I was still a conservative and I thought they were awesome. I have since seen the error of my ways.

[MrPots]

What do you call voluntary payments into a rigged retirement system where only wall street brokers make money?

At least with the forced plan you're guaranteed to get something back.

[CarlV]

Originally Posted by BlueStreak

If the bank should go under and the government doesn't bail them out, it's YOU that watches his retirement savings disappear. Where do you suppose it went?

Don't hand me your simplistic nonsense. I'm smarter than that.

Dave

Ah yes, like the GM stockholders. The Gov't. saves the banks and GM too then tells the common stockholders tough shi*. Nice.


Carl

[Tom Joad]

Originally Posted by piece-itpete

What do you call forced payment into a retirement fund that spends the money?

Pete

You know the government has never missed one of my social security payments. They are always on time. I don't know of anyone that has had one missed or late although I suppose it has happened on rare occasions.

On the other hand do you have any idea how many private companies have welched on their retirement plans and left their former employees out in the cold? A shitload.

http://www.washingtonpost.com/wp-dyn...061201367.html

So who do you think I trust more?

The Government?

Or the fucking free market?

[CarlV]

On the other hand do you have any idea how many private companies have welched on their retirement plans and left their former employees out in the cold?

I like to think of it as pulling a Romney.


Carl

[merrylander]

Originally Posted by Tom Joad

You know the government has never missed one of my social security payments. They are always on time. I don't know of anyone that has had one missed or late although I suppose it has happened on rare occasions.

On the other hand do you have any idea how many private companies have welched on their retirement plans and left their former employees out in the cold? A shitload.

http://www.washingtonpost.com/wp-dyn...061201367.html

So who do you think I trust more?

The Government?

Or the fucking free market?

Not only that Tom but you and I as taxpayers get to give them 40 cents on the dollar through the Guaranteed Benefit Plan or whatever they call it. Bell Canada has been paying my pension for 31 years now.

[MrPots]

Originally Posted by BeamOn

We all need to be Dave. It's not even paper money anymore, it's all electronic including transactions and you get charged fees coming and going, sometimes without your knowledge. Imagine the possibilities!

The fees are stupid too. Fer instance, getting charges when you do a fund transfer between accounts. You do it online, it's all electronic, so where is the cost?

[Tom Joad]

Originally Posted by merrylander

Not only that Tom but you and I as taxpayers get to give them 40 cents on the dollar through the Guaranteed Benefit Plan or whatever they call it.

Yeah, thanks for mentioning that.

The Free marketers get to dump the cost of their failures on the government, which ends up being paid for by all of us.

[BlueStreak]

Originally Posted by CarlV

Ah yes, like the GM stockholders. The Gov't. saves the banks and GM too then tells the common stockholders tough shi*. Nice.


Carl

I love it when the bastards tell people; "You're money is gone." As if it simply disappeared. No, it goes somewhere and the case is usually that one or more of them STOLE it. "Sorry guys, but your retirement fund has vanished. Hey, do you like my new Ferrari?"



Dave