One of the big reasons wall street gets continually bailed out is that it's pretty much become the defacto retirement pension system.
Companies no longer offer pensions, they give you a retirement plan 401k which is tied to the market.
If the market fails then people's retirement savings take a hit which in turn puts much more pressure on social security.
That's one major reason why govt is terrified of wall street crashing.
They will have hell to pay if all the boomers et al don't get their pensions ahem 401k money
One of the big reasons wall street gets continually bailed out is that it's pretty much become the defacto retirement pension system.
Companies no longer offer pensions, they give you a retirement plan 401k which is tied to the market.
If the market fails then people's retirement savings take a hit which in turn puts much more pressure on social security.
That's one major reason why govt is terrified of wall street crashing.
They will have hell to pay if all the boomers et al don't get their ~~pensions~~ ahem 401k money
That's most likely true. I know I'm not going to set Social Security, even though I pay for it.
That's most likely true. I know I'm not going to set Social Security, even though I pay for it.
No retirees counting on 401k plans are going to be hurt by GME being bid up. This only hurts Hedge Fund investors.
No retirees counting on 401k plans are going to be hurt by GME being bid up. This only hurts Hedge Fund investors.
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