[muawiyah]

I thought he was raiding the deposits made into the accounts for the FERS and CSRS systems.

For those fearful of what Geitner has in mind for the Thrift Savings Plan you should be aware that once you turn 59 and one-half years of age you may use a ONE TIME WITHDRAWAL to pull out your money and stick it into an IRA somewhere else (or several IRAs in different banks 'cause so-called federal deposit insurance will only cover $250,000 in one account ~ and once you get it there you can buy property, or stocks, or bonds in the private sector).

ONE TIME means means ONE TIME every time. You can withdraw money several times ~

[Cheetahcat]

That is Theft,Jail this bastard!

[Scanian]

401Ks will be next.

They’ll snag all the money and replace it with worthless government bonds.

It’s called the Argentine plan.

[blackdog]

Raiding Social Security Trust Fund since the early 70's, when it was taking in $3 for every $1 it paid out.

Raided postal and federal pension funds countless times now.

Shifted federal debt from long term to short term to play with the books.

Your 401K is next.

[IYAS9YAS]

Thrift Savings Plan is the 401k of the FedGov for employees entering since about 1988. It's a defined contribution plan, with your $$ in your account being treated like a 401k.

If he's raiding anything, it's likely the CSRS and FERS (defined benefits).

[blueunicorn6]

Hope that stock market stays strong.

[ronnie raygun]

Ground swell to prosecute all involved with this criminal enterprise, period