A BIG Over reach by the Fed Gov...

[chefdennis]

I have brought up the idea that the Fed gov was looking at ways to grab peoples 401k's and ira's...the fed wants to "protect" your investments for your retirement by grabbing your investments and giving you gov issue bonds so you feel good and you have the promise of payment backed by the "full faith and credit" of the US Gov....well its getting closer and it is way over the line..yea this is a year old, but still needs to be considered real.....take a look, this is from our Fed Gov:

http://edocket.access.gpo.gov/2010/pdf/2010-2028.pdf