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IPFS News Link • Obama Administration

Demand that Congress Pass the "Keep Your Hands Off My 401(k) Act of 2010"

Argentina provided a precedent in 2008, taking over that country\'s private retirement accounts for forced investment in government bonds to cover spiraling deficits. Ambrose Evans-Pritchard editorialized at the time in Britain\'s Daily Telegraph that this may be "a foretaste of what may happen across the world as governments discover . . . that the bond markets are unwilling to plug the (deficit) gap. . . . My fear is that governments in the U.S., Britain and Europe will display similar reflexes."...