Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 266.76

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2:29 PM EST

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To: robbie who wrote (18898)	4/20/1998 11:39:00 AM
From: Laker	Read Replies (1) of 70976

RE: Heard on Paul Harvey this morning that some Republicans in Congress propose to allow all workers to have 2%of their wages withheld from their paychecks and invested in the market.Wonder what this would do for the market?? More lambs to the slaughter. You'd be shocked at how little the majority of my co-workers know about their 401K holdings. Informed investors are likely to beat them to the door when the market dives. I think, however, this will just set up the fed govt to create some major bailout of burned/impoverished retirees farther down the road. This is like the feds rebuilding the seashore homes of people who shouldn't have been there in the first place.

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