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Will Obama Seize Americans’ 401k and IRA Funds?

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Washington’s Blog
Wednesday, May 6, 2009

There is a rumor floating around that Obama will seize Americans’ retirement funds, like Argentina and some other countries have done.

Two investment newsletters – Green Chip Review and The Mining Speculator – have recently claimed that the 401k seizure is a sure thing.

Is this just crazy talk, or is there something to it?

And in October of 2008, the idea of confiscating private 401k and IRA accounts and replacing them with government accounts gained wide traction. See this, this, this, and this.

But are those plans still in the works, or has the idea been abandoned?

In January, Larry Grossman, Managing Director of Sovereign International Pension Services, said:

This article was posted: Wednesday, May 6, 2009 at 3:30 am

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