Wednesday, Oct 22, 2008

My fear is that governments in the US, Britain, and Europe will display similar reflexes. Indeed, th

telegraph: Argentina seizes pension funds to pay debts. Who's next?

My fear is that governments in the US, Britain, and Europe will display similar reflexes. Indeed, they have already done so. The forced-feeding of banks with fresh capital - whether they want it or not

Posted by big chris @ 07:29 AM (248 views) Add Comment

4 Comments

1. Whostolemyendowment said...

I don't have a house, or own the debt on one, no pension, and minimal savings.....so guess the only thing they can have is my emaciated body (for soylent green production) or my soul to sell to the devil....screw you world, I'm off to the park with a cheap bottle of sherry.

Wednesday, October 22, 2008 09:19AM Report Comment
 

2. Eternal Sceptic said...

I do believe with crash gordon a person could say; "Been there, Done that, Got a nice shiny new teashirt"

Wednesday, October 22, 2008 09:28AM Report Comment
 

3. stillthinking said...

Comment from the site says it all, vis a vis public pensions.
"Their pensions don't have a pot to seize, so it ought to be safe. "

Wednesday, October 22, 2008 10:22AM Report Comment
 

4. icarus said...

Part of my pension fund is being built up in my growing Betfair account. But people tell me I'm gambling.

Wednesday, October 22, 2008 10:58AM Report Comment
 

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