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First recorded activity by BoatBanter: Dec 2009
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Default Looking out for the wealthiest 2%

On Sun, 18 Apr 2010 11:24:55 -0500, "Peter (Yes, that one)"
wrote:


It seems Mr. Bpuharic would be pleased if Geithner and Summers would
pump up his 401k to the level it was before the crash.
And ignore that that reliance on Wall Street is what led to our current
economic ills.


uh no. i'm not rush limballs. im not a right wing devotee of the 'free
market'. you have me confused with someone else or, more likely, you
dont know what part the 'chicago school' played in the meltdown

i favor the french approach. ban CDO's and CDS. tie them to assets.
make the banks keep higher assets to cover losses. divorce proprietary
trading from banking.

of course, the right wing opposes this. a senator from new hampshire
said last week he's worried that CDO's would go to singapore if the US
regulated them

so you support his view of reality?


Though Mr. Bpuharic has made some points I agree with, his harping on
his 401k is not one of them.
Most of my customers who mention their 401k are happy that they have
recovered as much as they have.


betcha few of them are close to retirement


 
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