There is now a boat load of BABs surging into a blind market .. Speechless.
Investors took the bump in rates and put them in their IRAs.
Now Hussein wants to tax IRA income annually. Afterall, if someone is rich enough to have a retirement account, he is rich enough to pay taxes on it.
Next up, since any income not taxed is a government subsidy, if no tax on total IRA income, then a requirement that IRAs must have an amount of US Treasuries to match anything not taxed in them.
yitbos