re: 401k
i had just reviewed mine the other day and none of the available funds, not even a money market was free of mbs’. 401k’s are ridiculous, fraudulent tools of investment bankers used to guarantee influx of money. and with today’s savings rate, static income and lower population, i wonder what will happen once the baby boomers start drawing their 401’s down. reminds me of a pyramid scam.

re: center for responsible lending, sen dodd’s proposal
the crl seems to be affiliated to the major banking institutions. where were they when sub prime mortgages and arms were exploding and making the banks massive profits? ‘liberal’ my ass.