Thursday, October 23, 2008
Who needs a stock market anymore?
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 (576 views)
2 thoughts on “Who needs a stock market anymore?”
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yoyo1 says:
I suppose the gaming industry would lose out.
plato says:
I can see this happening on a wider scale especially in countries where public reaction can be volatile and governments are fragile.