[ExI] The run up to the singularity
atymes at gmail.com
Fri Apr 15 04:34:25 UTC 2011
On Thu, Apr 14, 2011 at 3:35 PM, spike <spike66 at att.net> wrote:
>>...If you've just seen your pension fund disappear while the gamblers
> traded it back and forth raking in commissions, I think you might also
> consider it a bad thing...BillK
> BillK, that's why pension funds go into stable value funds. If you had your
> pensions in the high fliers, you are one of the gamblers.
Unless you had no say in this, and someone else traded your pension
fund back and forth and raked in the commissions.
Of course, if you had little enough control for that to happen, it wasn't
really "your" pension fund in any meaningful sense to begin with.
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