Thursday, Oct 23, 2008
Who needs a stock market anymore?
International Tribune: Argentina nationalizes $30 billion in private pensions
Argentina's government said Tuesday that it would seek to nationalize nearly $30 billion in private pension funds to protect retirees from falling stock and bond prices.
Posted by yoyo1 @ 04:17 PM (235 views) Add Comment
2 Comments
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1. yoyo1 said...
I suppose the gaming industry would lose out.
2. plato said...
I can see this happening on a wider scale especially in countries where public reaction can be volatile and governments are fragile.