http://www.breitbart.com/article.php?id=2007-11-25_D8T4MV7G1&show_article=1&cat=breaking
Court to Consider Investor’s 401(k) Suit
Nov 25 08:48 AM US/Eastern
By PETE YOST
Associated Press Writer
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WASHINGTON (AP) – James LaRue says he lost $150,000 when his instructions to his employer on where to invest money in his retirement plan were ignored. Now the Supreme Court will decide whether a federal pension-protection law gives LaRue the right to sue to recover his losses. Arguments in the case were scheduled for Monday.
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This is a interesting development.
Ignoring for the moment that the gooferment court will decide just how much trouble a corporation, another gooferment created entity, can get into. Of course, there are lawyers abundant as far as the eye can see.
More to the point:
(1) Why are there such things as 401ks?
(2) Why would you expect a business to be involved in YOUR retirement?
(3) Why is the gooferment “protecting” both sides? (Allowing the corporation off the hook if it’s not “criminal” while pretending to regulate the “industry”.)
Now clearly, the roles and motivations of the individual, the employer, a slew of other corporations, the gooferment, and bunch of lawyers are all muddled together. Time to cut the Gordian Know and simplify!
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