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View Diary: David Stockman: “get out of the markets and hide out in cash” Corruption Of Capitalism (122 comments)

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  •  You can move the money (7+ / 0-)

    out of stocks and invest in safer investments (money market funds for example). Most 401Ks have conservative investment options that will avoid losing money when the stock market drops again.

    “We are not a nation that says ‘don’t ask, don’t tell.’ We are a nation that says ‘out of many, we are one.’” -Barack Obama

    by skohayes on Mon Apr 01, 2013 at 04:03:48 AM PDT

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    •  That would be an interesting (5+ / 0-)

      ... "Move Your Money" campaign.  I'm not in finance, so I have no idea what the impact of huge numbers of workers moving their 401K money out of stocks entirely and into money market funds would be.  

      Personally, I think the worst thing about the 401K scam is that it puts workers in the position of rooting against their own interests.  Workers are now "shareholders", so (for their own security) they must support policies that favor Wall Street rather than workers.  It's a terrible system.  Would massive numbers of workers pulling their money out of stocks have an impact on policy?  I don't know.  I'd be curious to find out.

      "You must be the change you wish to see in the world." -Gandhi

      by Triscula on Mon Apr 01, 2013 at 05:17:43 AM PDT

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