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| The CME is pretty short sighted in my opinion. It's not like there are 1000 super rich guys whose money is in the market, instead it's millions of regular people's IRA and 401K dollars. What do these people think when their money just goes poof!
http://www.youtube.com/watch?v=RAKsMnAM8vk
I imagine earning about no interest in a bank account and later maybe sewn into a matress will continue to look more like 'savvy market plays' all the time. Sounds nuts, but just letting folks just take your money seems like a worse plan. Even taking penalties for withdrawing it all into cash would still be cheaper than not getting it. I'm thinking there is almost no need to figure out if this is the tip of the iceberg - if they don't have your money they can take it quite as easily.
thanks,
Pat | |
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I guess I misunderstood.
