Trump opens the door for crypto and private equity in your 401(k) retirement plan

Comments

• pdxfed@lemmy.world ⁨3⁩ ⁨days⁩ ago

  I’m sure only the best commercial real estate loan traunches will be packaged and included to the general public. Definitely no offloading of toxic assets to suckers here. The next financial crisis won’t be a crisis because the wealthy in the system, the banks, the insurers and private equity will have no skin in the losers. There will be no bailouts this time, “moral hazard” will be cited this time. “Investors should have known the Risks” will be the cry.

  Americans don’t even know how compound interest works, let alone how their current 401k works–if they’re among those who have access, or the minority able to save in them–let alone do they have the sophistication to evaluate real estate loan portfolios.

  Theft, grift, as expected.

  With the increase to SD retirement age that will be forced on people as “the only solution”–rather than the wealthy contributing-- this will make the permanent end of the US middle class.

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