Showing posts with label MH DEBACLE RAISES POINTS. Show all posts
Showing posts with label MH DEBACLE RAISES POINTS. Show all posts

Wednesday, December 14, 2011

BANKS CAN LEGALLY SPEND YOUR 401k and IRA

Submitted by: Donald Hank


Senator Tom Harkin (IA)
Senator Harkin is making an excellent point: Prior to the CFMA of 2000 customer funds could not be invested in other than municipal or US Government debt fully guaranteed by the US Government.
And the Republicans want less regulation, not more, and they are not calling for people to go to prison and every dime missing taken back from the executives who ran the company so the customers are made whole.
Yep.