Reply #14: "The market is too unpredictable to entrust it with everyone's retirement" [View All]

[KansDem]

This is the million-dollar question.

In the wake of Enron, Arthur Anderson, Harken, etc...how can we trust Wall Street to look out after the peoples' interest?

What will happen with another financial corporation entrusted with SS private accounts goes under? Will the US government step in and bail it out? Will the US government have to pony up $$$ for all of those cheated out of their accounts?

And how will this be good for Social Security? Allow Wall Street to invest in shady deals, making big bucks for the brokers, overplay its scams and ponzi schemes, and then have the US government step in to clean up the mess...?

Why take a chance at all???