When W proposed privatizing social security, my email to Virgil read -- Don't put the govt in position where is must and cannot refuse to bail out financial losses.
When I wrote you pondering what would motivate me to mount a protest at your office in Charlottesville, I imagined carrying a banner saying --- Don't fund the Wall Street Casino with my retirement.
I might as well say the same thing about medical savings accounts. And I certain wish to say that about accounts where parents can make early provisions for college tuition. These parents ought be assured of rules that don't expose their investment to speculative losses. The guarantor of these savings ought not be hamstrung in setting actuarial policies that guard its exposure (a principal, the violation of which is among my concerns about Obamacare.)
Wall Street wants to play with Other People's Money with rules that resemble "Heads, I win, Tails, you lose". And you are complicit in their theft. Support consumer protection is college and medical and retirement savings, and investments in general. STOP TRYING TO UNDERMINE THEM.
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