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First recorded activity by BoatBanter: May 2010
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Default ah, yes, the latest on my company 401K



"bpuharic" wrote in message
...
On Thu, 22 Jul 2010 11:32:25 -0400, wrote:

On Thu, 22 Jul 2010 06:30:16 -0400, bpuharic wrote:

it's greed. there's a reason the financial sector accounted for 40% of
GDP in 2007 while the US did NOT become more competitive in world
markets. the financial sector added NOTHING to US assets


Where do you think the money for your retirement will be coming from?


that's the problem. there is none.


The whole basis for everyone's pension, 401k and IRA is that Wall
Street sector you seem to hate.


gee. that's why i'll have to work, like millions of others, until i'm
70

so you're right. wall street has our money for retirement

which means no one can retire. thanks. i already knew that

Retirees are by definition not adding
anything to the economy, they are living off of it.
The same is true of everyone on Social Security. You better hope Wall
Street stays 40% of the economy if you want your 401k to be worth
anything when you start sucking off the public tit.


bull****. wall street produces nothing. there is no value added in
trading CDO's

you know **** about business. if what you say is true, then why is the
economy a disaster?

answer: because too many people believe as you do.



I actually feel badly for you. You despise wall street and big business
yet, up until the meltdown, you were happy to rely on them to grow your
money into a nice retirement nest egg with no effort on your part. When
the bottom fell out you can't accept any responsibility. So, you blame
everyone else.

Typical liberal.

I don't feel sorry for you. You were stupid. I feel for the people trying
to scratch out a living, providing for their families who don't have an
extra nickel to invest in wall street.
They deserve help.

CC





 
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