SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : PRESIDENT GEORGE W. BUSH
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Fangorn who wrote (18577)5/9/2000 7:52:00 AM
From: chalu2  Read Replies (1) of 769667
 
What makes you presume I would not read the articles? Do I know you? You must be a lovely person to know, addicted as you are to the gratuitous insult.

I did read the articles. The presumption is that the private funds would be professionally managed--yes, just like the banks that were deregulated in the 80's were professionally managed. The author of the first article glibly intimates this professional management would be mandated, perhaps even a subject of overregulation. Who would the government mandate to be capable of professionally managing retirement funds? The answer is: no one! How could you legislate who among tens of thousands of fund managers or money managers would be allowed to manage my retirement savings? You couldn't! It's unworkable.

I've seen many people woefully mismanage IRA's and 401K's. If this were only a private matter, I'd say it sounds like a great idea. But, as with bank deregulation, you will unleash an unregulated Pandora's Box here, which we all will pay dearly for if it goes awry.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News