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The market goes kablooey....what happens to all those vested retirement funds

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Skidmore Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-10-07 11:00 AM
Original message
The market goes kablooey....what happens to all those vested retirement funds
they forced us into over the years?
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Turbineguy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-10-07 11:01 AM
Response to Original message
1. Your new BMW
turns into a pair of used rollerskates.
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valerief Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-10-07 11:02 AM
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2. Whatever they want to happen will happen. nt
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C_U_L8R Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-10-07 11:03 AM
Response to Reply #2
3. They are the overlords
and we are just pocket change
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valerief Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-10-07 11:04 AM
Response to Reply #3
5. We are lint in the pockets where they carry their change. nt
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Skidmore Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-10-07 11:06 AM
Response to Reply #3
7. Kinda makes you understand why the French Revolution took the direction
it did.
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no_hypocrisy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-10-07 11:04 AM
Response to Original message
4. Hey, what if Social Security had been reformed exactly like * wanted and the
monies invested in Wall Street?
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Balbus Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-10-07 11:06 AM
Response to Original message
6. Unless you started your retirement fund within the last week
you're still waaaaaaaaaay ahead.
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road2000 Donating Member (995 posts) Send PM | Profile | Ignore Fri Aug-10-07 11:12 AM
Response to Original message
8. But we have "liquidity"...
Remember that. Bush must have said it five or six times yesterday. That flask of Jim Beam must have been rubbing a hole in his pocket.
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radfringe Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-10-07 11:37 AM
Response to Original message
9. it goes into the bush/cheney bushies' pockets
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lapfog_1 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-10-07 11:38 AM
Response to Original message
10. The powers that be
just printed up $118 BILLION new dollars and handed it out to banks and such to keep them buying up new mortgages so that the US mortgage lending industry wouldn't implode more than it has.

ECB did $83 Billion
and the Fed did $19B followed by another $16B.

And the Fed, which just met to announce that it wouldn't lower interest rates, is rumored to announce a non-scheduled meeting in the next week or so to lower interest rates.

Happy days are here again! :sarcasm: :sarcasm: :sarcasm:

Expect core inflation rates to zoom!

http://money.cnn.com/2007/08/10/markets/markets_1030/index.htm?postversion=2007081011
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