Retiree Annuities May Be Promoted by Obama Aides [4plex: these ‘aides’ are all ex-wall-streeters]
http://www.businessweek.com/investor/content/jan2010/pi2010018_130737.htm

Obama to meddle with your retirement account?
http://www.wnd.com/index.php?fa=PAGE.view&pageId=121891

IRA’s and 401k’s to be Crammed Down While Tax Collections Plunge
http://beforeitsnews.com/story/11718/IRAs_and_401ks_to_be_Crammed_Down_While_Tax_Collections_Plunge.html

401k/IRA Screw Job Coming?
http://beforeitsnews.com/story/3048/401k_IRA_Screw_Job_Coming.html

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There are three reasons why the IRA/401K changes are likely to occur:

1. the Federal Reserve is the only buyer for US debt at this point – forcing IRA/401K money into US bonds/notes (debt) provides a new ‘buyer’ for the US debt – govt and Wall Street can continue to pretend that there is demand for US debt

2. Wall Street is looking for the next game – preferably one that can be played out of the spotlight – creating a bunch of annuities would fit the bill very nicely

3. as the Boomers retire and start spending down their investments, that capital will no longer be available to govt / Wall Street – it might be hard to continue supporting the bond and equity bubbles without the Boomers’ capital – converting IRA/401Ks to annuities STOPS THIS DRAWDOWN cold – retirees will be paid with printing press money and accounting games while their capital remains in the system

Reason #1 is likely to cause the IRA/401K changes to happen a lot faster than anyone is expecting

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There’s that Rush song playing in my head again, “If you choose not to decide you still have made a choice”