It's Coming: The Government Wants to "Help Manage" Retirement Accounts

From Bloomberg:

The U.S. Consumer Financial Protection Bureau is weighing whether it should take on a role in helping Americans manage the $19.4 trillion they have put into retirement savings, a move that would be the agency’s first foray into consumer investments.

“That’s one of the things we’ve been exploring and are interested in in terms of whether and what authority we have,” bureau director Richard Cordray said in an interview. He didn’t provide additional details.

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Anonymous

Posted: Mar 24 2013, 2:46 PM

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70193

This is scary folks! The encroachments are becoming very bold. This is the most deceptive and disingenuous attempt to molest the american people by trying to slip their slimy greedy hands into our savings. Now that the DHS has conditioned us to accept being groped and fondled by slipping their hands down our pants at the airport they want to fondle and grope our private savings. Their are plenty of resources for folks to manage their investment accounts. How about this.....why doesn't the Consumer Protection Financial Bureau do the job they are supposed to do. That being actually protecting citizens from predatory banksters, brokers, Greedy officers of publicy owned companies enriching themselves with benefits that are always imbedded in the proxy memorandums, granting 0 cost options, using the corporate treasury as their personal piggy bank. This is hard work that needs to be addressed. Start reforming and fining these companies. There are enough crimes and malfeasance to keep you all busy protecting the citizens of this country.

Anonymous

Posted: Mar 25 2013, 6:29 AM

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65110

Nonsense!

They want to help themselves with your money, that's what they want to do!

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