Federal Consumer Agency Wants Control Over Americans' Retirement Savings
Dodd-Frank's new "consumer protection" agency wants to "help" Americans manage their nearly $20 trillion in retirement savings, and President Obama has tax loopholes in his sights.
It's mattress-stuffing time.
You probably thought the Dodd-Frank Act was all about reining in greedy big banks and Wall Street predators.
Well then, what is the Consumer Financial Protection Bureau it established doing planning to "help" people manage the $19.4 trillion they've managed to save for their retirement?
Source: Investors Business Daily. Read full article. (link)
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