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Retirement information meeting
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<blockquote data-quote="bacha29" data-source="post: 2324007" data-attributes="member: 58386"><p>Bush Jr's idea of trashing S.S. was at the unofficial request of Wall Street investment banks who saw the crash coming and wanted the money going into S.S. in order to cushion the blow from the upcoming crash. Not to mention the high management fees they could charge millions of small accounts effectively taking most if not all of the small appreciation those accounts would realize in today's zero interest rate environment. After taking billions in taxpayer funded bailouts, you don't hear anything out of them these days regarding privatizing Social Security. In fact back channel noise seems to say that after emigration reform pension and old age retirement reform will be up next but rest assured it will not involve privatizing Social Security.</p></blockquote><p></p>
[QUOTE="bacha29, post: 2324007, member: 58386"] Bush Jr's idea of trashing S.S. was at the unofficial request of Wall Street investment banks who saw the crash coming and wanted the money going into S.S. in order to cushion the blow from the upcoming crash. Not to mention the high management fees they could charge millions of small accounts effectively taking most if not all of the small appreciation those accounts would realize in today's zero interest rate environment. After taking billions in taxpayer funded bailouts, you don't hear anything out of them these days regarding privatizing Social Security. In fact back channel noise seems to say that after emigration reform pension and old age retirement reform will be up next but rest assured it will not involve privatizing Social Security. [/QUOTE]
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