[WKUHilltopper]

“Do you understand what is happening now? This is outright confiscation of personal property. After having their money stolen out of their accounts and being locked out of their accounts, unable to trade or even liquidate WHILE THE MARKETS CONTINUED TO TRADE, these people are now having their PERSONAL PHYSICAL PROPERTY stolen and redistributed to the MF Global estate, in order to feed Corzine’s gambling debts – MADE ILLEGALLY WITH FUNDS STOLEN OUT OF THE CUSTOMER ACCOUNTS – to repay counterparties with J.P. Morgan at the fore.”

Think your 401k is safe?

[DainBramage]

At some point one has to wonder how Corzine is able to physically survive ....and why is he?

[silverleaf]

It does sound like if the company that holds your IRA or 401K goes bankrupt or engages in hanky panky, the precedent is set to blame you for it, since you chose to do business with them ... then seize your account as if it was ill-gotten gains

Or at best, offer you the chance to avoid seizure of your private accounts by converting them a govt-run investment plan (taxed of course to provide similar plans for “the poor” who put nothing in but take benefits out)

After all, in the view of the marxist in the WH and those advising him, accumulated wealth is only evidence of “the rich” exploiting “the poor”, and govt-directed redistribution is the only way to achieve fairness and social justice. And 40 million indigent, envious or outright stupid people will all agree with this