Quote:
Originally Posted by randolph
SMC
In various posts, I have complained bitterly about the rape of the working class by the Wall Street banks and the complicity of our Federal government. Why aren't these criminals in jail? The laws are configured to punish the little guys while hoards of lawyers are able to get the rich off when and if they are charged with crimes. The horrendous loss of 401K savings by working people should be addressed by a heavy tax on the obscene profits accumulated by the rich investors. These funds would then be used to restore at least some of the 401K losses.
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You must have a democrat financial advisor. Why didn't you invest in the same thing the rich guys did? My 401K never went below its inital start and is worth today what it was before the big crash. Now it did lose. It was worth more when the market was at 14,000 , but that was un-sustainable. Today the market is 12,000? and my value is the same now, maybe a little more, than it was at 12,000 before. Stock market values only count on the day you cash out. Anything else is just paper.